quarterly out, page-23

21 April 2008
Niger Uranium Limited

Acquisition of substantial interest in UrAmerica plc ("UrAmerica")

Niger Uranium, the uranium focused exploration and investment company with interests in Niger and Namibia, announces that it has acquired an initial 20.89 per cent. strategic interest in UrAmerica (increasing to 33.58 per cent. on a fully diluted basis), a private company with uranium exploration projects in Argentina, Paraguay and Colombia.

Ian Stalker, Deputy Chairman of Niger Uranium, said:

"Niger Uranium continues to build an exciting portfolio of uranium projects alongside the development of its wholly-owned uranium exploration projects in Niger on which encouraging drilling results have recently been announced. This strategic investment in UrAmerica gives us entry into Argentina, a prospective uranium district that we have been targeting for some time. This investment adds to our recently acquired interest in Namibia.