Western Uranium Provides Update

Western Uranium Corporation (TSX VENTURE:WUC) ("WUC" or the "Company") is
pleased to announce that Borden Putnam was appointed to the Company's board of
directors at a meeting of the board held January 25, 2011. Mr. Putnam replaces
Colin Macdonald, a Cameco nominee, who resigned from the board in December 2010.


Mr. Putnam has been a financial analyst in the investment management industry
for approximately the last 15 years, focusing predominantly in the natural
resources sector, and is a registered professional geologist in the State of
California and Wyoming. Coincident with his appointment to the board of Western
Uranium Corp., Mr. Putnam was granted options to acquire 100,000 shares of the
Company at $1.00 per share.


Mr. Edward Flood, the Company's chief executive officer, commented: "Borden
Putnam brings a broad spectrum of skills to the Western Uranium board. His early
background as an exploration geologist coupled with his more recent equity
investment experience is ideally suited to the growth focused business plan of
the company."


In addition, the Company announces that it is finalizing arrangements to
terminate its Strategic Alliance Agreement (the "Agreement") made August 29,
2007 between the Company and Cameco Global Exploration II Ltd. ("Cameco
Global"), previously announced December 15, 2010. The conclusion of the
Agreement is a condition precedent to the completion of the Company's proposed
sale, to Western Lithium USA Corporation, of royalties and titles relating to
the Kings Valley mineral property holdings in Nevada, previously announced
December 15, 2010. That transaction, which is now being structured as an asset
transaction rather than the sale of the shares of Western Energy Development
Corp., continues to be subject to negotiation and completion of the definitive
purchase and sale agreement, and other usual closing conditions.


Finally, the Company announces the following results of its recent drilling
program in Kings Valley, Nevada.


All drill results from the last round of drilling undertaken over the past
summer at Kings Valley, Nevada have been received. This drilling was focused in
an area to the west of the known uranium mineralization and consisted of 2234
meters drilled over five core holes. The program was terminated when no visual
indications of alteration or mineralization was noted in the core. Assay results
returned no anomalous metal concentrations.


Qualified Person

The data disclosed in this press release have been reviewed and verified by
Pamela Klessig, a consultant to the Company and former CEO/President. Ms.
Klessig is a qualified person as defined by National Instrument 43-101.


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