Potential Sale Update

RNS Number:1396Y
UraMin Inc
11 June 2007


11 June 2007

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


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


           UraMin in Negotiations Regarding Potential Sale of Company


UraMin Inc. ("UMN" TSX and AIM) announces that it is in negotiations with
respect to a potential sale of the company. No assurance can be given that the
negotiations will be successful.


For further information:

Nominated Advisor
Canaccord Adams Limited
Robin Birchall
Tyler Broda
Tel: [phone]

Toronto
Steve Vaughan
Tel: [phone]


Background

UraMin (www.uramin.com) was established in 2005 to acquire and develop mineral
properties, predominantly uranium. Following the private placement the Company
currently has a market capitalization of approximately US$1.9 billion on an
undiluted basis. UraMin (www.uramin.com) is traded on the Alternative Investment
Market of the London Stock Exchange plc and the Toronto Stock Exchange under the
symbol UMN.

UraMin is currently focusing on the development of its advanced stage
exploration projects at Trekkopje in Namibia, Bakouma in the Central African
Republic and Ryst Kuil in South Africa. Through a South African joint venture,
UraMin also enjoys additional prospecting license applications for important
uranium deposits in the Karoo, South Africa. No assurance can be given that
remaining applications for prospecting licences will be successful.


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
Company's business or proposed business, which are not historical facts, are
"forward looking" statements that involve risks and uncertainties, such as
estimates and statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management expects a
stated condition or result to occur. Since forward-looking statements address
future events and conditions, by their very nature, they involve inherent 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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