Dear shareholders,

In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically gold bullion please see article titled, “Gold Prices Hit New Record”.

Gold came into the day with a firmer tone, which traders at the time linked to news that the Reserve Bank of India bought 200 metric tons of gold from the International Monetary Fund between Oct. 19 and 30. The transaction involves nearly half of the 403.3 metric tons that the IMF had earmarked for sale.

Regards,

AGORACOM Investor Relations

Gold Prices Hit New Record

By ALLEN SYKORA

Gold futures surged to new record highs on Tuesday due to a combination of weakness in the euro, chart-based buying and a large purchase announced by India's central bank overnight.

Around 11:04 a.m. EST, December gold was up $25.10 to $1,079.10 an ounce on the Comex division of the New York Mercantile Exchange.

Click here to read article in its entirety.

Presently UC has the right to earn up to 55% interest in the McFaulds East and West properties currently held by Spider and KWG encompassing some 31,000 hectares. As previously announced on August 27, 2007, UC advised Spider and KWG that it had completed the third year spending commitment on the McFaulds Lake option agreement and delivered unaudited proof thereof to them. Spider and KWG are currently in the review period to confirm UC's earn in level to 40%. UC has recently delivered a technical report supporting its third year spending requirement. With this report in hand the project expenditures can now be verified against the work program.

The terms and conditions of the new option agreement with Noront, allow UC to earn a 50% interest in the Noront claims by incurring expenditures of $100,000 on the subject claims within the first year and an additional $100,000 expenditure on the subject claims during the second year. Failure of UC to expend $200,000 in aggregrate within two years on the subject claims, would result in the two claims reverting back to Noront, with no interest earned.

UC is presently conducting a drill program to drill test three near surface anomalies on the McFaulds West block, and is reviewing the recent results of the drilling completed on the McFaulds East block.

UC Resources is an active explorer of base metals and chromite in the McFaulds Lake area ("Ring of Fire") of the James Bay Lowlands, Ontario, as well as an explorer and a near term producer of precious metals in Mexico.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

We seek safe harbour.

Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to UC@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

FOR FURTHER INFORMATION PLEASE CONTACT:

UC Resources Ltd.
Damien Lowry
Vancouver Head Office
Toll Free: 1-800-366-8566 (Canada & USA) or (604) 681-7265
(604) 608-6163 (FAX)

www.ucresources.net

DRILL PROGRAM

Hole UC-09-01 in the August program was designed to test a geophysical anomaly on the west block that is interpreted to have a strike length of approximately four kilometres (VTEM / ZTEM airborne surveys previously completed). The anomaly was not explained by this drill hole, however gold values were detected at a shallow depth. This hole tested a coincident positive magnetic anomaly and a strong EM conductor. The hole intersected a gradational lapilli tuff to feldspar porphyry contact, cutting very weakly disseminated pyrite mineralization (between 55.9m - 62.5m). It is not felt that this intersection adequately explains the strong conductance. The hole also intersected anomalous gold mineralization of 2,620 ppb Au (2.62 g/t Au) between 31.35 to 31.85 metres downhole, followed by 1,470 ppb Au (1.47 g/t Au) between 31.85 and 32.9 metres downhole. This intersection contained quartz injection and weak fine grained pyrite mineralization in a felsic tuff. Further geophysical assessment, including Induced Polarization surveying is warranted in an attempt to find the source of this intriguing gold mineralization.

Hole UC-09-02 tested a positive, "U" shaped, magnetic anomaly and coincident EM conductor located on claim 1192082, in the vicinity of McFaulds #6 Volcanogenic Massive Sulphide ("VMS") occurrence. The hole cut 0.8 metres (148.3 to 149.1 m) of mainly massive magnetite, sandwiched amongst 20 cm. wide massive pyrrhotite with chalcopyrite and minor pyrite intervals. The 0.8 metre interval graded 2.4% copper, 0.13% Zn and 3.4g/t Ag. The sulphide mineralization was found to be at the contact between a volcanic lapilli tuff and the volcanoclatic sediments (chert and cherty sediments). Due to the size and strength of the EM anomaly in this area, a larger sulphide section was anticipated. The area warrants another drill hole if a strong EM anomaly can be located along the contact between the volcanic and volcanoclastic sediments.

No significant assay values were reported for hole UC-09-03, this hole remained in felsic tuff for its entire length. There was no mineralization encountered that would explain the geophysical conductors, very little disseminated pyrite was observed. It is also believed that the hole went through the volcanic rock-volcanoclastic sediment (chert and cherty sediments) contact where the massive magnetite and sulphides occur but never reached this distinct geological unit. It may be that the hole did not go deep enough or there is no obvious contact zone in this area. The strong EM anomaly remains unexplained.

Hole UC-09-03, as well as hole UC-09-02, were drilled in an attempt to test a series of geophysical anomaly situated in the East Property in the vicinity of McFaulds #5 and #6 VMS occurrences, which had been previously drill tested and confirmed to contain copper and zinc mineralization, reported in a VMS setting. Hole UC-09-02 encountered both copper and zinc mineralization, over a narrow zone as did the previous holes drilled by Spider and KWG in 2004, namely holes McF-04-39 and McF-04-50. It is felt that the #6 VMS occurrence was partially encountered by UC's hole UC-09-2. Further ground geophysical surveying is planned for this area after freeze-up to better define the target for future drill testing.

TABLE OF RESULTS

--------------------------------------------------------------------------
                       len-
          Azim-        gth   from     to   int                   Ag     Au
Hole ID    uth   Dip    (m)    (m)    (m)   (m)   Cu%    Zn%   (g/t)  (g/t)
--------------------------------------------------------------------------

--------------------------------------------------------------------------
UC-09-01   180   -45   191  31.35   32.9  1.55  0.005  0.018  0.001   1.84
--------------------------------------------------------------------------

--------------------------------------------------------------------------
UC-09-02   130   -45   232  147.2    152   4.8  0.689  0.191  0.001  0.009
--------------------------------------------------------------------------
including                   147.2  149.1   1.9   1.68  0.096  0.002   0.06
--------------------------------------------------------------------------

--------------------------------------------------------------------------
UC-09-03   130   -60   200  no significant mineralization
--------------------------------------------------------------------------

The qualified person responsible for the technical information contained in this press release is Dr. Howard Lahti, PGeo, of Billiken Management Services Ltd.

JVX Geophysics Ltd. of Richmond Hill, Ontario, has recently completed Max-Min and HLEM ground geophysical surveys on the western claim block, focused on an area located 400 metres north of the hole UC-09-01 that was drilled earlier this year in August 2009, results of which are reported above. The geophysical survey interpretation suggests three near surface conductive anomalies as well as a deeper conductive anomaly, interpreted to be situated directly below the shallower anomalies. These anomalies have now been prioritized as drill targets. The deeper conductive anomaly is interpreted to be approximately two kilometers in width and to be in excess of ten kilometers in length (ZTEM airborne survey as conducted by Geotech Ltd. of Aurora, Ontario). These drill targets are all situated proximal to or within a highly magnetic responsive "Bull's-Eye" feature, situated along an east-west trending linear magnetic feature that was outlined by previous Aerotem and VTEM (Geotech) airborne surveys, as well as our recent ZTEM (Geotech) survey.

Billiken Management Services Ltd. of Toronto, Ontario, reports that they are mobilizing a drill from Les Forage Orbit of Val D'Or Quebec, to commence drilling of the first shallow anomaly over the weekend of October 17th. The intent of this drill program is to drill test the three near surface anomalies and then, based on the results, consider the merits of following the near surface conductor(s) down dip, or commence drilling the deeper anomaly by a vertical hole.

UC Resources continues to evaluate solutions and options for the re-commissioning process of the La Yesca mill located west of Guadalajara, Mexico. The company is committed to this project and considers it a key strategic growth opportunity in what it believes is a long term secular bull market for precious metals.

UC Resources is an active explorer of base metals and chromite in the McFaulds Lake area ("Ring of Fire") of the James Bay Lowlands, Ontario, as well as an explorer and a near term producer of precious metals in Mexico.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

We seek safe harbour.

Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to UC@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

Damien Lowry
UC Resources Ltd.
Vancouver Head Office
Toll Free: 1-800-366-8566 (Canada & USA) or 604-681-7265
604-608-6163 (FAX)
www.ucresources.net

Initially MaxMin ground electromagnetic testing will be conducted over these two anomalies in an effort to better identify their location in preparation for immediate shallow drill testing. A second deep penetrating loop EM (TDEM) will then be conducted over what is thought to be a shallower area of the larger deeper conductor in an effort to identify both location and depth of the much deeper and larger anomaly. It is hoped that these two EM surveys will identify if the shallower and deeper anomalies are connected and then a decision on drilling the deeper anomaly will be based on both of the geophysical responses, as well as results from the shallower drilling.

Final assay results from our recently completed three hole drill program have not been received as of yet as some expanded assays were requested based on initial results.

UC Resources continues to evaluate solutions and options for the re-commissioning process of the La Yesca mill located west of Guadalajara, Mexico. The company is committed to this project and considers it a key strategic growth opportunity.

UC Resources is an active explorer of base metals and chromite in the McFaulds Lake area ("Ring of Fire") of the James Bay Lowlands, Ontario, plus an explorer and a near term producer of precious metals in Mexico.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

We seek safe harbour.

Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to UC@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

FOR FURTHER INFORMATION PLEASE CONTACT:

UC Resources Ltd.
Damien Lowry
Vancouver Head Office
Toll Free: 1-800-366-8566 (Canada & USA)

VANCOUVER, BRITISH COLUMBIA, Aug. 27, 2009 -- UC Resources Ltd. (TSX VENTURE:UC) -

UC Resources Ltd. has granted, pursuant to UC's incentive stock option plan, a total of 200,000 options to Nicole Wood who has assumed the responsibilities as CFO. These are exercisable over a five-year period expiring August 26, 2014, at a price of 12 cents per share. The options entitle each optionee to acquire one common share of UC. The common shares of UC closed on August 25, 2009, on the TSX Venture Exchange at a price of eleven cents per common share.

In addition, 4.5 million previously granted options to directors, officers and consultants, at prices ranging from .45 cents to .50 cents, have been re-priced to 20 cents per share. All other terms and conditions of these options remain the same. In accordance with the policies of the TSX-V, the amended options are subject to shareholder approval and are not exercisable until such approval has been received at the company's next general meeting.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

We seek safe harbour.

Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to UC@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

VANCOUVER, BRITISH COLUMBIA, Aug. 27, 2009 -- Further to UC Resources Ltd.'s (the "Company") (TSX VENTURE:UC) news releases dated August 18 and 20, 2009, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed its private placements of 1,000,000 flow-through shares, at $0.13 per flow-through share, and 1,707,000 non-flow-through units, at a price of $0.13 per unit, to raise aggregate proceeds of $351,910. Each unit is comprised of one common share of the Company and one-half of one transferable warrant, each whole warrant exercisable to purchase one common share, at a price of $0.20, for a period of two years.

All of the shares, warrants and any shares issued upon exercise of the warrants comprising the units are subject to a hold period and may not be traded in Canada until December 27, 2009, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

On behalf of the Board of Directors of UC RESOURCES LTD.

JIM VOISIN, President & CEO

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

UC Resources Ltd. has recently completed an airborne geophysical survey, followed by a three hole diamond drilling program, expending sufficient funds to exceed the $3.25 million requirement whereby UC vests with a 40% interest level in the project pursuant to an Option Agreement with an effective date of March 6, 2007. UC has recently advised Spider and KWG that it has completed the third year spending commitment on the McFaulds Lake option agreement and has delivered unaudited proof thereof to them. Spider and KWG have 45 days to review the expenditures and confirm UC's earn in. As per the Option Agreement, UC was required to incur additional exploration expenditures of $1.25 million on or before the third anniversary date of March 6, 2010, in order to earn a further 15% vested interest, added to the 25% interest already earned. UC's interest in the subject claims, once approved, would then be adjusted to reflect a 40% interest. Furthermore, UC has also advised both Spider and KWG of UC's intent to exercise its' full commitment to the McFaulds Lake Option Agreement in which the Company will earn up to a 55% undivided interest in the property package.

Upon UC reaching the next milestone of 55%, prior to the next anniversary date of March 6, 2011, the three parties would form a tri-party Joint Venture to continue to advance the project.

UC Resources is an active explorer of base metals and chromite in the McFaulds Lake area ("Ring of Fire") of the James Bay Lowlands, Ontario, plus an explorer and a near term producer of precious metals in Mexico.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

We seek safe harbour.

Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to UC@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

Further to the Company's news release dated August 17, 2009, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed a private placement of 7,692,307 flow-through shares, at a price of $0.13 per share, to raise proceeds of $1,000,000.

At the closing the Company paid a finder's fee to Limited Market Dealer Inc. in shares consisting of a commission equal to 4.5% (346,153 shares) of the proceeds raised, a due diligence fee of 4.5% plus G.S.T. ($47,250) of the proceeds raised, and finder's warrants exercisable to purchase 769,230 shares, at a price of $0.13 per share, for a period of two years from closing, expiring August 21, 2011.

All of the shares and any shares issued upon exercise of the finder's warrants are subject to a hold period and may not be traded in Canada until December 22, 2009, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

UC Resources Ltd. is an active explorer of base metals in the McFaulds Lake area of the James Bay Lowlands, Ontario, and an explorer and a very near term producer of precious metals in Mexico.

About MineralFields, Pathway and First Canadian Securities(R)

MineralFields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities(R) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities(R).

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

FOR FURTHER INFORMATION PLEASE CONTACT:

UC Resources Ltd.
Vancouver Head Office

Toll Free: 1-800-366-8566 (Canada & USA)

www.ucresources.net

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Further to the Company's news releases of August 17 and 18, 2009 announcing private placements of $1,260,000, the Company is pleased to announce it has arranged an additional non-flow-through offering of 707,000 units, at $0.13 per unit, to raise an additional $91,910 for working capital. Each unit will be comprised of one share and one-half of a warrant with a full warrant entitling the holder to purchase one additional non-flow-through share, at a price of $0.20 per share, for a period of two years. The financing is subject to regulatory approval.

There is no finder's fee payable in connection with the oversubscription.

UC Resources Ltd. is an active explorer of base metals in the McFaulds Lake area of the James Bay Lowlands, Ontario, and an explorer and a very near term producer of precious metals in Mexico.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

FOR FURTHER INFORMATION PLEASE CONTACT:

UC Resources Ltd.
Vancouver Head Office

Toll Free: 1-800-366-8566 (Canada & USA)


www.ucresources.net

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Further to the Company's news release of August 17, 2009 announcing a $1,000,000 private placement, the Company is pleased to announce that, due to oversubscriptions, the Company has increased the private placement to $1,130,000, by the sale of an additional 1,000,000 flow-through shares, on the same terms as previously announced.

In addition, the Company is pleased to announce it has arranged a non-flow-through offering of 1,000,000 units, at $0.13 per unit, to raise $130,000 for working capital. Each unit will be comprised of one share and one-half of a warrant with a full warrant entitling the holder to purchase one additional non-flow-through share, at a price of $0.20 per share, for a period of two years. The financing is subject to regulatory approval.

There is no finder's fee payable in connection with the oversubscription.

UC Resources Ltd. is an active explorer of base metals in the McFaulds Lake area of the James Bay Lowlands, Ontario, and an explorer and a very near term producer of precious metals in Mexico.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

FOR FURTHER INFORMATION PLEASE CONTACT:

UC Resources Ltd.
Vancouver Head Office

Toll Free: 1-800-366-8566 (Canada & USA)


www.ucresources.net

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

A commission of 4.5% in respect to the gross proceeds received will be paid by the issuance of shares in the capital of UC Resources Ltd. to finders. There will also be warrants issued to the finders equal to 10% of the number of shares sold. Each warrant will be exercisable into one common share, at a price of $0.13 per share, for a period of two years from the date of closing.

"We are very pleased to be entering into our third private placement with MineralFields Group", said Jim Voisin, President and CEO. "The relationship with the MineralFields Group is important in the growth of UC Resources Ltd. and we look forward to working with the MineralFields Group as we continue to develop our holdings in the McFaulds region."

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities(R), a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.

UC Resources Ltd. is an active explorer of base metals in the McFaulds lake area of the James Bay Lowlands, Ontario, and an explorer and a very near term producer of precious metals in Mexico.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

FOR FURTHER INFORMATION PLEASE CONTACT:

UC Resources Ltd.
Vancouver Head Office

Toll Free: 1-800-366-8566 (Canada & USA)


www.ucresources.net

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

All of the shares, warrants and any shares issued upon exercise of the warrants comprising the units are subject to a hold period and may not be traded in Canada until November 23, 2009, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

On Behalf of the board of directors,

Jim Voisin, President & CEO

UC Resources Ltd.

FOR FURTHER INFORMATION PLEASE CONTACT:

UC Resources Ltd.
Vancouver Head Office

Toll Free: 1-800-366-8566 (Canada & USA)

www.ucresources.net

The TSX Venture Exchange has not reviewed and does not accept 
responsibility for the adequacy or accuracy of this release.

Dear shareholders,

In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically gold bullion, please see the attached article titled; “Gold Rises as Dollar Slump, Oil Gain Spur Demand From Investors”

“Gold is now trading like a currency and is rapidly becoming the preferred currency of choice,” Cohen said via e- mail. “Central banks throughout the world are printing money at a rapid pace, and soon investors will lose complete faith in paper currencies. At that time, within the next one to three years, gold will soar to $1,600 and beyond.”

Regards,

AGORACOM Investor Relations

Gold Rises as Dollar Slump, Oil Gain Spur Demand From Investors

By Halia Pavliva and Nicholas Larkin

July 20 (Bloomberg) -- Gold climbed to a five-week high as a weaker dollar and higher oil prices boosted the metal’s appeal as an alternative investment and a hedge against inflation. Other precious metals also gained.

Click here to read article in its entirety.

The financing is subject to regulatory approval.

On Behalf of the board or directors

Jim Voisin, President & CEO

UC Resources Ltd.

FOR FURTHER INFORMATION PLEASE CONTACT:

UC Resources Ltd.
Vancouver Head Office

Toll Free: 1-800-366-8566 (Canada & USA)

www.ucresources.net

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

La Yesca Update

The Company remains committed to achieving successful commercial production at its tailings operation at La Yesca as one of the key goals going forward. Although we have not yet commenced commercial production the company has been actively pursuing further testing of grade, recoveries and grind solutions. The processing facility has been on care and maintenance since the test production runs of November and early December 2008 which provided results that were not profitable due to lower than expected grade and to course a grind.

Beginning in January 2009, MAG Laboratories of Tucson, Arizona were commissioned to conduct recovery testing on our tailings while simultaneously the tailings pile itself was being excavated, tunnelled and assayed to better reassess the grade of the tailings stockpile. We also have been actively reviewing and analyzing a previous successful test recovery process developed by SGS Laboratories in Durango, Mexico.

The tailings pile has now been modeled using data from the 600 samples that were recently collected and assays have been conducted both by our in-house laboratory as well as SGS Laboratories in Durango and IPL Laboratories in Vancouver. As a function of the modeling process it was also observed that the La Yesca tailings pile has an estimated non 43-101 compliant 310,000 tonnes rather than the previous 43-101 compliant (Jim Burns 2007) estimate of approximately 225,750 tonnes.

The result of all the process tests and the tailings pile assays has provided a verified solution to what we believe will be a commercially viable tailings operation, as per the original plan, for four to five years. However, the mill will require some modification and UC is presently seeking hard dollar funding and/or a joint venture partner to complete the upgrade to the mill and start the re-commissioning process leading ultimately to full production. The larger ball mill to meet better grinding targets has already been purchased but is not yet on-site or installed.

It is the company's strong belief that the La Yesca area offers significant exploration upside with a number of new veins assays already reported in the March 12, 2009 news release. In the fall of 2008 a sampling program was undertaken on various occurrences on the Xora claim which is situated three kilometres from the La Yesca mill in Nayarit State, Mexico. The area has been host to some very high grade silver mines throughout the past century and there have been 6 mines and 16 mineral occurrences in the general area and assays reported are consistent with data from historic exploration and production in the La Yesca area. The company plans extensive exploration once commercial operation is complete with the objective of providing additional material for future production making La Yesca a key strategic growth prospect for the company.

Additional exploration is also planned for the Mar and Copalquin properties once commercial production is attained plus the company has had discussions regarding future tailings production acquisitions.

McFaulds Project Update

In May 2009 Geotech Ltd. of Aurora, Ontario was commissioned to conduct a ZTEM airborne survey (deep penetrating electromagnetic (EM) and magnetic (Mag) survey) over a very highly magnetic Bull's-eye target that is located approximately 12 kilometres southwest of Noront Resources Ltd. Eagle One discovery and over the confirmed VMS targets of McFaulds No. 5 and No. 6 occurrences which are located a few kilometres south of McFaulds No. 1 and No. 3 VMS deposits (refer to May 26, 2009 news release for more details).

Preliminary results have been received that indicate the presence of an EM conductor within the highly magnetic area of the Bull's-eye occurrence and a large EM response in the area of McFaulds No. 5 and No. 6. Data is presently being refined and an inversion has been requested on both of these anomalies.

Once final data has been received and the inversion completed, Scott Hogg and Associates will be recommending drill locations on both of these very high priority targets. These targets are in addition to those being reviewed from the Mar 2009 ground gravity survey on the western side of McFaulds East block.

UC Resources has an option to earn up to 55% interest in the approximate 31,000 hectares of the McFauld's East, West and North blocks currently held by Spider Resources Inc. and KWG Resources Inc. At present the company is about $100,000 away from completing a 40% interest.

The company continues in discussion with IBK Capital Corp. to complete the previously announced best-efforts financing with the proceeds used to finance an expanded exploration program on UC's growing high priority McFaulds Lake targets and general working capital.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

We seek safe harbour.

Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/... where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to UC@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

FOR FURTHER INFORMATION PLEASE CONTACT:

UC Resources Ltd.
Vancouver Head Office

Toll Free: 1-800-366-8566 (Canada & USA) or (604) 681-7265
(604) 608-6163 (FAX)
www.ucresources.net

In an effort to keep you up to date on all pertinent information regarding the resource sector, please see the attached article titled; “Gold jumps above $970/oz as dollar weakens.”

Regards,

AGORACOM Investor Relations

Click here to view article in its entirety.

Gold jumps above $970/oz as dollar weakens

Precious metal climbs to firmest level since late February

Jan Harvey

LONDON — Reuters, Friday, May. 29, 2009 06:42AM EDT

Gold on Friday rallied through $970 (U.S.) an ounce for the first time since February in Europe as traders bought the metal as a hedge against weakness in the U.S. dollar.

Rising oil prices, reports of a pick-up in Middle Eastern demand, and firm buying in India, the world's biggest gold consumer, during the wedding season are also supporting prices, analysts said.

Spot gold was bid at $972.60 an ounce at 0923 GMT, against $958.80 an ounce late in New York on Thursday.

April 24 (Bloomberg) -- China boosted its gold reserves by 76 percent since 2003 and has the world’s fifth-biggest holding by country, said Hu Xiaolian, head of the State Administration of Foreign Exchange.

The nation increased its reserves by 454 tons to 1,054 tons through domestic purchases and refining scrap metal, Hu said in an interview with the Xinhua News Agency today. The amount is more than Switzerland’s 1,040 tons, World Gold Council data show, and is worth $31 billion at current prices.

China has the world’s largest foreign exchange reserves at $1.95 trillion as of March 31, according to state administration data. The holdings have climbed about sixfold in the past six years as the country had record trade surpluses and inflows of foreign investment. Gold prices have almost tripled to more than $900 an ounce from $337.

“Chinese foreign-exchange reserves have absolutely exploded in the past few years,” said Jan Lambregts, head of Asia research at Rabobank International in Hong Kong. “We shouldn’t be surprised that they’re adding a lot of all asset classes. I don’t think they’re shifting away from U.S. dollars into gold.”

Gold climbed to a record $1,032.70 an ounce on March 17 last year and traded 0.9 percent higher today at $912.08 an ounce at 3:18 p.m. local time in Singapore.

Debt Holdings

Chinese Premier Wen Jiabao has expressed concern the dollar will weaken, eroding the value of China’s holdings of Treasuries, as the U.S. borrows unprecedented amounts to spend its way out of recession. China is the biggest overseas owner of U.S. government debt, holding notes totaling $744 billion at the end of February, according to U.S. data.

Jesse Wang, executive vice president of China Investment Corp., has said the nation’s $200 billion sovereign wealth fund may invest in “undervalued” commodities. Zhang Guobao, head of the National Energy Administration, said China should invest more in commodities instead of hoarding the dollar, Xinhua reported on March 7.

China, the world’s biggest gold producer, has increased its holdings before, Hu said in the interview carried on the administration Web Site. They rose from 394 tons to 500 tons in 2001 and to 600 tons in 2003, it said. China has told the International Monetary Fund of the recent changes and the new amount will be reflected in the central bank’s balance sheet and statistical reports, it said.

‘Support Prices’

“This shows a change in attitude in Asian central banks,” said Si Kannan, associate vice president at Mumbai-based Kotak Commodity Services Ltd. “While the IMF is selling gold, Asian central banks are diversifying into gold. That’s a good thing, in times of dollar uncertainty and the global volatility in the forex market,” he said by phone from Mumbai today.

China’s gradual increase in gold reserves and increasing jewelry demand from China and India “will support gold prices,” Kannan said.

The IMF said April 3 there had been no talks about selling more gold than the 403.3 tons proposed a year ago. Leaders from the Group of 20 said the day before that revenue from previously proposed gold sales would be used to help the world’s poorest countries. The IMF board approved a proposal in April 2008 to sell 403.3 tons of bullion as part of a plan to close the Washington-based lender’s annual deficit.

“My opinion has always been that China should increase its gold holdings,” Hou Huimin, vice chairman of the China Gold Association, said by phone from Beijing today. “China should strive to play a more proactive role in the global financial market by adding more gold.”

The U.S. has the world’s biggest gold holdings at 8,134 tons, followed by Germany with 3,413 tons, World Gold Council data show. France has 2,487 tons and Italy 2,452 tons, while the IMF has 3,217 tons, according to the council.

To contact the reporter on this story: Eugene Tang in Beijing on eugenetang@bloomberg.net

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Q - When Billiken Management pulled out the previous drill core to check with the Gun Analyzer for Chromium, what was the result from their findings?

A - No significant change or comment at this time.

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Q - Is LaYesca just a bad memory, or is it still expected to be producing silver in the near future?

A - La Yesca production is one of the company’s primary objectives and the expectation of production has not changed. Tailings piles are never consistent in grade and tenor and always present more production challenges than run of the mine feed material.

At present, a significant re-sampling program has been completed with hundreds of samples processed, the company has pursued a certified recovery process solution to the altered conditions that assure profitable operation and this has taken numerous test cycles of various extraction methods, and the company is now costing the changes required to re-initiate the commissioning of the mill.

Some of the findings from the review are that the recovery process is now geared to a lower grade recognizing a wider grade variability exists than previously anticipated, the top 25 feet of the tailings has been removed because of discovery of lower grade, the grind of the tails was not sufficient and length of leaching time has been significantly altered.

The company expects MAG Laboratories in Tucson AZ to provide a final process verification in the next 2 weeks and if the board approves the go forward plan including availability of capital, an expected re-commissioning date would be between two to three months.

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Q - Please tell me when the La Yesca mill will be in production.

A - This depends on board approval of the re-commissioning plan and capital.

Q - Why do we not get monthly updates on the progress?

A - Updates are given when significant progress or events warrant. Most actions are long term in nature and a month is a nothing time span.

Q - What is the expected time line for the re-testing of core samples looking for chromite.

A - Assays will only be pursued if the re-logging confirms it’s warranted.

Q - Is there drilling activity planed for 2009 on any of the Mexican properties?

A - As funds are available the Xora claim and others properties will be explored further which would include drilling. Xora is certainly a key component of the company’s Mexican development strategy over the next few years. The two primary corporate objectives are La Yesca production and completing the earn-in at McFaulds.

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Q - Could you specify which area you predict there is higher probability of chromite in ROF?

A - At the moment the company has completed a gravimetric mag as well as a ground gravity survey on a portion of the west side of our east block that borders Noront Resources and results are pending.

Q - How is our cash flow?

A - We are an exploration company with no income as of yet. Cash flows out only.

Q - Any major like Cliff approach/interested in UC?

A - We have talked to a number of parties regarding our McFaulds property assets and this is an ongoing constant process.

Q - What are we going to do with the past 3 years drilling result in ROF? Are we going to drill near that area again?

A - Drilling on VMS targets McFaulds #1 & #3 are completed for now. A possible target in the area would be McFaulds #5 which is believed to be a VMS occurrence that merits some additional work.

Q - I remember UC did the most drilling work 3 years back but stopped, how is this year drilling plan?

A - Provided that funds are available, we intend to drill potential chromite targets on the west side of our east block. We have about ten kilometers of strike length along the Noront Resources boarder that appears to hold potential for chromite.

Q - Is there a chance we hit diamond in ROF?

A - Yes on the outside of the ring.

Q - When and where will be the AGM?

A – Vancouver and most possibly December 11, 2009.

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Q - Are there just tailings challenges putting a KINK in the Mexico situation or is there more to inform us on?

A - We have no issues with Mexico or the Mexican governmental authorities and only the issues relate to those discussed above.

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Q - Has UC been approached by Cliffs or any major to do a deal of any kind?

A - See previous answer

Q - What is your most valuable project and what is your plan to develop that project?

A - Excellent question. Both La Yesca/Xora and the James Bay Lowlands are considered equally important for different reasons. Mexico offers production and profit possibilities near term with lots of future gold/silver production possible while the “Ring Of Fire” offers blue sky exploration possibilities as this area continues to emerge as a major mining exploration camp.

Q - Why are you buying UC stock is it undervalued in your opinion?

A - I, like you, buy stock to sell at a profit. I’ll be praised for buying it and cursed when I sell it. I had a target that I wanted to own, and I now own it. If I didn’t think it was undervalued I would not buy it!

Q - As an investor why should I buy UC over any other ROF stock.

A - This question has many facets and I could expound for hours but it boils down to the UC/SPQ/KWG block of land is huge and very under explored and on trend with all major discoveries to date plus has numerous VMS discoveries to date. The only thing better than location location in the mining exploration business, is having a huge land position in the right location. Small property parcels offer small possibilities. Anyone attempting to consolidate this exploration region will look for location and size and from this prospective the UC land package is high on any list. Larger companies will not want to consolidate to make others properties worth more and more expensive to acquire. The exploration process in the “ROF“is very expensive and must be done with diligence and patience. We are systematically developing areas of interest to target. That scope will broaden if a significant discovery is made.

Q - You can run a mill this is proven do you have any plans to set up a facility at ROF and mine and process your own ore would this be a possibility or at least operate one or concentrate chrome ore before shipping if needed.

A - This is putting the cart before the horse as a chromite discovery has not occurred. The size and the scope of any potential McFaulds development project is far beyond the scope of our operations in Mexico and would require the expertise of a much larger base metal mining firm.

Q - Where do you see UC at in 2009-2010 and looking forward in the next couple years what will be UC's position in the Ring Of Fire.

A - Well, that’s a big question with a great deal of variables. My vision for the future is to complete our earn-in at McFaulds and explore the “ROF” to the best of our ability, hopefully culminating in a discovery worth development. In Mexico, once La Yesca is running as expected, the company would like to add further small production assets that are of interest while exploring for larger discoveries on it’s extensive land positions in La Yesca/Xora, Copalquin, Mar, etc.

Please note, UC Resources will be conducting an online Q & A Session. Please submit your questions to UC@agoracom.com with the subject: “Please add to Q&A.”

The answers will be provided in text format by no later than Friday April 3^rd.

Regards,

AGORACOM Investor Relations

Please note there are several photos of the La Yesca mill available here.

Regards,

AGORACOM Investor Relations

CONTACT INFORMATION: UC Resources Ltd. Vancouver Head Office Toll Free: 1-800-366-8566 (Canada & USA) or (604) 681-7265 Fax: (604) 608-6163 Website: www.ucresources.net