Western Uranium Ends Strategic Alliance Agreement With Cameco Global Exploration

Western Uranium Corporation (TSX VENTURE:WUC) ("WUC" or the "Company") announces
that it has entered into a definitive agreement with Cameco Global Exploration
II Ltd. ("Cameco Global") to conclude and terminate the Strategic Alliance
Agreement (the "Agreement") made August 29, 2007 between the Company and Cameco
Global. Under the terms of the Termination Agreement the Company and Cameco
Global agreed to terminate the Agreement in consideration of a C$2.5 million
payment from the Company to Cameco Global. In addition, Western Energy
Development Corp. ("WEDC") and KV Project LLC, each a direct or indirect
wholly-owned subsidiary of the Company, have agreed to grant Cameco Global a
production royalty equal to twenty percent (20%) of the gross revenues derived
from the sale of uranium products taken from certain unpatented mining claims
and other property interests owned or leased by WEDC and KV Project LLC. These
properties were previously covered by the terms of the Agreement.


Pamela Klessig, a director of the Company and the Company's chief liaison with
Cameco Global, commented: "Although the project did not return the desired
results for either company, it was a pleasure liaising with their geologic staff
who provided valuable insight and suggestions throughout the term of the
Alliance."


About the Company 

Western Uranium Corporation is a mineral exploration company with properties in
Argentina, Nevada, and New Mexico and an earn-in agreement with AuEx Ventures
for the Baza gold-copper project in Spain. The Company has its head office in
Vancouver, Canada; its executive management team is based in Reno, Nevada.


On behalf of the Board of Western Uranium Corporation

R. Edward Flood, Chairman