Proposed Dividend

RNS Number:7898A
UraMin Inc
24 July 2007


NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES.

This release is not an offer to sell nor a solicitation of an offer to purchase
any securities.  The securities referred to in this release will not be
registered under the United States Securities Act of 1933, as amended, or the
laws of any state and may not be offered or sold in the United States absent
such registration or an applicable exemption from registration requirements.


24 July 2007


                                  UraMin Inc.
                          ("UraMin" or "the Company")

Proposed UraMin Dividend

Subject to CFMM Developpement (a wholly-owned subsidiary of Compagnie Francaise
de Mines et Metaux S.A) announcing its intention to take up UraMin shares under
its June 25, 2007 takeover bid (which may occur on or about July 31, 2007),
UraMin expects that it will declare a dividend payable in shares in the capital
of Niger Uranium Limited (a joint venture company formed by UraMin and
Northwestern Minerals Inc.) held by UraMin or cash in lieu thereof. For UraMin
shareholders who are resident in the United States, the dividend will be paid in
cash as the distribution in the form of shares may not be permitted by
applicable United States securities laws. For each UraMin shareholder who is
resident in Canada, the dividend will be paid in cash except to the extent that
such holder demonstrates to UraMin that the distribution of the dividend to such
holder in the form of shares is permissible under applicable Canadian securities
laws without having to file and clear a prospectus.  The dividend will be
payable to UraMin shareholders of record immediately before (and subject to) the
take up of shares by CFMM Developpement under its takeover bid.  Distribution of
the dividend to shareholders will be completed on satisfaction of certain
conditions precedent and, pending distribution, the subject shares of Niger
Uranium Limited will be placed into escrow.  Further details relating to the
dividend will be available on or about the declaration date.


For further information:

UraMin Inc:
South Africa
Neil Herbert, Finance Director
Tel: [phone]

Canaccord Adams (Nominated Adviser)
Robin Birchall
Tel: [phone]


Forward-Looking Statements:

This press release contains statements that are "forward-looking". Generally,
the words "expect," "intend," "estimate," "will" and similar expressions
identify forward-looking statements. By their very nature, forward-looking
statements are subject to known and unknown risks and uncertainties that may
cause our actual results, performance or achievements, or that of our industry,
to differ materially from those expressed or implied in any of our
forward-looking statements.  Statements in this press release regarding the
proposed dividend and the takeover bid for the Company are "forward looking"
statements that involve risks and uncertainties.  Actual results in each case
could differ materially from those currently anticipated in such statements.

Investors are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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