Uranium Limited ("the Company") Notification of Major Interest in Shares


ST. MARTIN, GUERNSEY--(Marketwire - October 23, 2009) - The Company (Ordinary Shares ISIN: GB00B16L0B41) was notified on 23 October 2009 by F&C Management Ltd (as administrator of City Natural Resources High Yield Trust Plc ("City Natural Resources")) that on 22 October 2009 City Natural Resources acquired Ordinary Shares in the Company resulting in a total holding of 1,240,000 Ordinary Shares, representing 3.01% of the total voting rights.

Contact Information: Contact: c/o Keith Le Page Mercator Trust Company Limited Address: PO Box 336, Anson Court La Route des Camps St. Martin, Channel Islands GY1 3UQ Tel: 440 1481234200 Email: