Uranio AG completes reconnaissance technical review and plans second stage exploration in Bakouma

Basel, 30th June 2009               News Release 1-2009

Uranio AG completes reconnaissance technical review and plans second stage exploration at Bakouma and Ndenguiro.

Uranio AG completes review of SRK report on site visit to the Bakouma North and Ndenguiro permit areas located in the Central African Republic and plans next Phase of exploration. Uranio is pleased to announce that the Company has completed a review of the results of reconnaissance orientation and exploration data presented by SRK Engineers following the recent site visit.  The results of the data indicate the project has the potential to host significant uranium mineralisation extending from areas of known mineralisation in the immediate area.

Based on information to date Uranio intends to initiate the second phase of a multiphase exploration program.  The second phase will include multiple stages encompassing ground truthing of conceptual models via mapping, geochemical and geophysical sampling.  The results of phase 2 will determine the orientation of high-resolution helicopter borne magnetic and radiometric surveys.  Follow up Resource definition drilling envisaged in the fourth phase.

Uranio is currently finalising the technical team and is engaging various professionals to complete the exploration on the Bakouma and Ndenguiro permit areas.

On behalf of the board of directors,

"David Risbey"

Director and CEO

Uranio AG

Disclaimer:

This document was prepared by Uranio AG. The opinions stated herein are those of Uranio AG at the time of publication and are subject to change at any time. The document is only for the purpose of information and use by its recipient. It is neither an offer nor an invitation to purchase or sell Uranio AG shares. A reference to the performance of the past shall not be understood as an indication of future developments. The information and analysis contained in this publication have been compiled from sources that are deemed to be reliable. However, Uranio AG gives no guarantee with regard to their reliability and completeness and rejects any claim for damages that may be the result of use of this information.