Clan Resources Acquires Additional Uranium Properties in Wyoming and Arizona.

VANCOUVER, British Columbia -- Clan Resources Ltd. (TSX VENTURE:CLU) ("Clan") announces that the Company's wholly owned subsidiary, Energy Metals Corp (US), has signed agreements with two separate vendors to acquire 56 uranium properties in the States of Wyoming and Arizona. Many of these properties have seen extensive drilling by previous operators. These acquisitions establish the Company's strategic position as a significant property holder in the State of Arizona as well as providing key property positions in all of the three principal uranium districts of the State of Wyoming. These include 2 state leases in the Powder River Basin area, 4 properties in the Shirley Basin area, 6 state leases and 7 properties in the Red Desert or Great Divide district. Coupled with the Company's earlier acquisitions in Utah and Oregon, on completion of this transaction Clan will have had established itself as one of the largest holders of uranium properties in the United States.

The following is a summary description of the properties.

Wyoming Uranium Properties

Red Desert-Great Divide District:

The Antelope uranium property is located in the Red Desert of Wyoming, approximately 18 miles south of Jeffrey City, Wyoming. According to information provided by the vendor, uranium mineralization occurs in several roll fronts within the Browns Park Formation. Extensive drilling by Newpark Resources and others in the 1970's defined a global resource as of October 1979 of 15mm pounds at a grade of .07% U3O8. The estimate is considered to be reliable and relevant, but it does not use categories as defined in NI 43-101. The property was not drilled out at the time and little if any additional drilling has been done since. Preliminary evaluation suggests that parts of this resource may be amenable to ISL (in situ leaching) technology. This property was previously held by Cameco through the 2000 assessment year when it was dropped at a time of prevailing low uranium prices. The Company is in the process of acquiring all historical exploration and technical report data.

The JAB uranium property is located 5 miles west of the Antelope property. According to historical summary reports, Union Carbide and others have drilled in excess of 300 holes on the property on 50 foot centers along a strike length of 2 miles. Based on this drilling the historic resource, as calculated by Union Carbide, is over 3 mm lbs grading 0.071% U3O8. The estimate is considered to be reliable, but it does not use categories as defined in NI 43-101. The summary information on the property suggests that the deposit may be at least partially suitable for ISL recovery. Negotiations are underway for the acquisition by the Company of the extensive drill, metallurgical, and recovery testing database. The property was last held by Yellowstone Fuels, a subsidiary of U.S. Energy, through the 2000 assessment year when it was dropped at a time of low uranium prices.

The 800 acre Cyclone property is located approximately 6 miles north of the JAB property. According to historical summary information at least 800 closely spaced holes have been drilled to intercept the Battle Spring Formation at depths between 300 and 800 feet. Approximately 432,000 feet of drilling has been completed. In 1978 Wold Resources reported a total resource of slightly over 2,000,000 pounds averaging 0.13% U3O8. The estimate is considered to be reliable and relevant, but it does not use categories as defined in NI 43-101. Based on this summary information it is thought that the property may be amenable to ISL recovery. This property was held by Cameco through the 2000 assessment year when it was dropped; again, during a period of low uranium price. As with the Antelope and Jab properties the Company is in the process of acquiring a complete package of the technical data on the property.

The Twin Buttes property is located 18 miles due east of the JAB property. The historical reports indicate that this 680 acre property has seen several hundred closely spaced drill holes drilled on it. The Western Sheep Mountain property, approximately 14 miles north of the Antelope property, encompasses 480 acres and is adjacent to past uranium producing properties. The 180 acre Battle Spring property and the 440 acre Rocky Draw property are also in the immediate area. The Western Sheep Mountain property was held through assessment year 2003 by U.S. Energy Corp. The Battle Spring, Twin Buttes, and Rocky Draw properties were all most recently held by Cameco through the 2000 assessment year. The Battle Spring and the Rocky Draw have seen extensive close spaced drilling. As earlier mentioned with the above previously described properties, the Company is in the process to acquire data for these properties.

Shirley Basin District:

The 240 acre Midway and the 160 acre Moss Agate properties lie adjacent to past uranium producer properties within the heart of the Shirley Basin district. According to historical information close space drilling is present on both of these blocks.

The Laramie project is located about 20 miles southeast of the main production area of the Shirley Basin. This 500 acre project was held by Cameco through the 2000 assessment year. Based on previous information, this property has seen over 100 drill holes drilled on it.

State of Wyoming Uranium Mining Leases:

In addition to the aforementioned mining properties the property package includes ten (10) separate State of Wyoming Uranium Mining Leases encompassing a total of 4760 acres. These Mining Leases have an initial term of 10 years, renewable thereafter with production. Data acquisition for these mining leases is underway.

Arizona Uranium Properties

On acquisition of 35 Arizona properties the Company believes that it will become one of the largest holders of uraniferous breccia pipes in the Arizona Strip district. Historically, these targets consist of pipe-shaped breccias generally less than 1000 feet in diameter extending to depths in excess of 2000 feet containing uraninite and associated sulfide and oxide minerals of copper, iron, zinc, lead, silver, nickel, cobalt and other metals. Due to their small surface expression and high grade deep roots, these pipes do not require a large land holding to control the deposits thereby greatly reducing holding costs. These pipes are often clustered with several pipes occurring within a few miles of one another offering certain economies of scale in terms of exploration, development and production. The historical information indicates that most, but not all, of the vended projects have at least one or two drill holes. They were held most recently by International Uranium Corp. who relinquished them between 1999 and 2002.

The claim package includes 11 separate properties on the South Rim consisting of approximately 1100 acres of unpatented mining claims. It also includes an additional 20 separate and distinct pipe targets on an area referred to as the North Rim covering a total of more than 3,350 acres. In addition to these unpatented mining claims, several State of Arizona properties are included in the package.

The Wate property is held by an Arizona State Mineral Exploration Permit issued to the vendor. Application has been made to the State of Arizona to transfer this permit along with the others described herein to the Company. According to historical summary reports the 640 acre Wate project has previously identified resources of 1.12 million pounds at an approximate grade of 0.8% U3O8. The estimate is considered to be reliable, but it does not use categories as defined in NI 43-101. RME Partners Ltd. had submitted a preliminary mining plan of operation to the State of Arizona in 1993. The Company has a copy of this plan and is in the process of acquiring the detailed drill logs.

The 4 1/2 property has been approved for an Arizona State Mineral Exploration Permit which will be issued to the vendor within the next 60 days. Immediately following receipt of the Permit, an application will be made to transfer this permit to the Company. This 320 acre project has 9 deep drill holes in and around a breccia pipe. According to the prior reports the best intercept by RME Partners Ltd. on the property is 48.5 feet of 1.411% uranium. Information is not available as to whether this intercept is representative. Nor is information available to indicate if this intercept reflects the mean, range, or distribution of sample values.

According to historical reports the 320 acre Rose pipe exploration permit hosts a mineralized breccia pipe. Energy Fuels has drilled one hole in excess of 1500 feet deep. The Company has the drill log and is currently reviewing it with intentions to develop plans for further offset drilling.

The 320 acre Anderson area permit is adjacent to the Anderson Ranch property and, based on historic information, is believed to contain a small portion of the Anderson Ranch deposit. The property has numerous drill holes. The Company is currently in the process of acquiring the relevant drill data.

All resource estimates quoted herein are based on prior data and reports obtained and prepared by previous operators and information provided by the vendor. The Company has not done the work necessary to verify the classification of the mineral resource estimates. The Company is not treating the mineral resource estimates as a National Instrument 43-101 defined resource verified by a qualified person. The historical estimates should not be relied upon. These properties will require considerable further evaluation which Clan's management and consultants intend to carry out in due course.

In acquiring 29 of these uranium properties, the Company exercised its right of first refusal under a July 19, 2004 property purchase agreement with William M. Sheriff ("Sheriff"), of Wylie, Texas. Mr. Sheriff, who currently beneficially owns 8.63% or more of the issued and outstanding capital of the Company, will receive 1,250,000 common shares of the Company as consideration for 29 of the uranium properties described in this release. The shares shall be issued in tranches of 750,000 shares by December 31, 2004, 250,000 shares by March 31, 2005 and 250,000 shares by January 31, 2006.

In a separate agreement with a different vendor, the Company has agreed to issue 500,000 common shares as consideration for 27 uranium properties. The shares will be issued in tranches of 300,000 shares by December 31, 2004, 100,000 shares by March 31, 2005 and 100,000 shares by January 31, 2006. The vendor is at arms length to the Company.

The property acquisitions are subject to regulatory acceptance.

Clan Resources Ltd is a Canadian listed company involved in the mineral resource sector. Clan has adopted a strategy which will see the company focus largely on the acquisition, exploration and development of uranium assets as part of its long-term strategy to take advantage of the growth in U.S. and world-wide electrical energy demand. This increasing demand is occurring at a time when mine supplies are dwindling and inventories are being depleted.

ON BEHALF OF THE BOARD OF DIRECTORS
OF CLAN RESOURCES LTD.

         "signed"
Per:
         James G. G. Watt
         President and Director

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.