OTCPicks.com Reports that UREX Energy (URXE) Should Benefit from Spike in Uranium Spot Prices.

PROSPER, Texas -- UREX Energy Corporation (OTCBB: URXE) and other Uranium stocks including Cameco (NYSE: CCJ), Usec (NYSE: USU) and Strathmore Minerals (TSX.V: STM) are poised to move after a dramatic spike in the Uranium price. Analysts predict that it will break through $100 a pound next year. The spot price jumped 9.9 per cent this week to a record $72/lb, up $6.50 from last week. The metal started 2006 at $36.25, half its present level. Worries about uranium supplies are growing, with 251 new nuclear reactors either being built or planned compared with the 442 in production.

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The world's largest yellowcake producer Cameco says that its Cigar Lake mine is flooded. Uranium experts wonder what this disaster does to an already tight uranium supply. Perhaps this sheds some light into the investment opportunities that exist with companies like UREX Energy Corporation (OTCBB: URXE). UREX is focused on actively exploring and developing uranium properties in Argentina and New Mexico. Urex owns a 99.8% interest in the Rio Chubut property comprised of 170,000 hectares of land which is adjacent to the Cerro Solo Uranium deposit located in Chubut Province within Patagonia of southern Argentina. Urex also owns a 100% interest in the La Jara Mesa Extension uranium property consisting of 137 unpatented mining claims in the Grants Mining District, Cibola County, New Mexico. The La Jara Mesa Extension property lies adjacent to Laramide Resources Ltd.'s La Jara Mesa and Melrich uranium deposits. Between 1950 and 1978 the Grants Mining District produced 270 million pounds of uranium oxide which ranks it as the most prolific uranium district in the United States.

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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

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