UMC Energy Plc - Uranium + Oil/Gas

-URANIUM PROJECTS-------------------------------------------------------------------------



UMC was formed in January 2005 for the purpose of exploring three potential uranium bearing blocks in the Central Labrador Trough of north-eastern Canada,
consisting of 150 claims across 7,100 acres. The blocks are owned by Waseco
Resources Inc., a Canadian company listed on the Toronto Stock Exchange. UMC has been granted an option to earn a 75% undivided interest in the blocks (subject
to a royalty claim) by contributing, in aggregate, C$1,000,000 to their exploration.

The Preliminary Summary Report, authored by Rob Hearst, M.Sc. P.Geoph. and a
Qualified Person under N-I Policy 43-101, compiles and interprets the initial
results of the magnetic, gravity and radiometric surveys completed in September
of this year. The Summary identified that each of the five properties has
geophysical features of significant interest for uranium, and other minerals.
Several anomalous uranium zones across all properties have been delineated, some
of which are kilometres in strike length and open ended. Additional follow-up
geologic and geophysical work has been recommended, including the staking of
additional claims. A detailed interpretation of the airborne survey results is
currently being completed with the expectation of developing several targets
that can be directly drilled from these results. More detailed and property
specific information will be made available following receipt of the Final
Report.


U3O8 Price (lb)

-OIL/GAS PROJECTS--------------------------------------------------------------------------

The Company also intends to focus on opportunities available in Kazakhstan, which has significant undeveloped and under-developed resources.

"UMC have been introduced to a number of energy-related projects in Kazakhstan, including oil and gas opportunities, and are close to taking an option to acquire one project."

Rob Schoonbrood, Executive Chairman, "We are of course disappointed that
negotiations for this particular oil field have not had the expected result. We
are currently looking at other attractive opportunities and have just commenced
negotiations on an oil field of similar size and characteristics. We are
confident that we can keep to our current targets and timing."




Principal shareholders (As a % of issued ordinary share capital on Admission):

Investika Ltd 15.23%
Cambrian Mining PLC 14.69%
MOBFI SA 10.88%

Links:

http://www.wasecoresources.com
http://www.world-nuclear.org/info/reactors.htm
http://www.uxc.com
http://www.uic.com.au/nip03.htm
http://www.investcom.com/moneyshow/uranium.htm

WASECO RESOURCES INC: Forum
http://www.stockhouse.ca/bullboards/forum.asp?symbol=WRI&table=LIST
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http://www.stockhouse.com/comp_info.asp?symbol=WRI&table=LIST