ST. MARTIN, GUERNSEY--(Marketwire - December 24, 2009) - On 23 December 2009, the Company (TSX: UML) (LSE: UML) (ORDINARY SHARES ISIN: GB00B16L0B41) received notification from Wellington Management Company, LLP. ("Wellington") that on 22 December 2009, following the disposal of Ordinary Shares in the Company ("Ordinary Shares"), the total indirect holding by Wellington amounted to 4,095,966 Ordinary Shares, representing 9.93% of the total voting rights.

Contact Information: Uranium Limited Kelvin Williams (Chairman) +27 827 880 094 Canaccord Adams Limited, Nominated Adviser and Broker Ryan Gaffney +44 207 050 6500 Henry Fitzgerald-O'Connor