UC Resources Retains AGORACOM to Provide Online Investor Relations and Social Network for Shareholders
16:00 EDT Friday, September 14, 2007
TORONTO, ONTARIO--(Marketwire - Sept. 14, 2007) - UC Resources Ltd. (TSX VENTURE:UC) is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (www.agoracom.com) (The same firm recently engaged by Noront Resources (TSX VENTURE:NOT)). UC has retained AGORACOM due to increasing interest in the McFauld's Lake area in the James Bay Lowlands of Ontario, Canada. AGORACOM will provide online investor relations services, a Web 2.0 social network for current shareholders and Tier-1 awareness through the world's biggest websites for the purpose of attracting new shareholders.
ONLINE INVESTOR RELATIONS MAXIMIZES SPEED, TRANSPARENCY AND ACCESS TO COMPANY
In response to overwhelming data representing the online research and communications habits of small-cap investors, UC Resources has turned the primary focus of its investor relations to the web via the AGORACOM system to facilitate faster, better and more accessible communications with both current and prospective shareholders around the world.
Effective September 20, a customized and monitored UC Resources IR HUB will allow both the Company and AGORACOM to communicate with all investors simultaneously, anytime and in near real-time. Our new IR HUB will also provide management with an ability to extend communications beyond text via audio messages, video presentations, webcasts and podcasts. In addition to traditional e-mail, investors will also have the ability to receive all communications via RSS feed.
LAUNCH OF UC RESOURCES' COMMUNITY
The UC Resources IR HUB propels the Company into the forefront of Web 2.0 community building by providing investors with two very important functions. First, a monitored discussion forum for the purposes of constructive and high-quality discussion amongst investors that is free of spam, profanity and misinformation. Second, a social network that provides investors with the ability to create extensive profiles that include photos, bios, video messages to fellow investors, a rating system and other important items to create a closer bond between our shareholders.
TIER-1 EXPOSURE AND AWARENESS
As an exclusive provider of "Small-Cap Centres - Powered by AGORACOM" to Yahoo Finance Canada, AOL Finance Canada and every Blackberry device on the planet, AGORACOM will provide Tier-1 financial coverage of all newsworthy UC Resources press releases for the purposes of attracting new and prospective shareholders.
UC Resources President and CEO, Richard Hamelin, stated, "I believe the time has now come to significantly increase our communications with both existing shareholders and the massive online small-cap community of investors that are searching for their next great investment. I strongly encourage our shareholders to begin taking advantage of our new online IR system, which demonstrates we are a fully accessible organization with a great story to tell."
The terms of the agreement are as follows: Duration - 12 months. Monthly Cash Compensation - $2,000. Stock Options - 250,000 shares at $CDN .57 per share. This agreement has been negotiated entirely at arm's length. AGORACOM is located in Toronto, Ontario.
ABOUT UC RESOURCES
UC Resources has partnered with Spider Resources (TSX VENTURE:SPQ) to explore the McFauld's Lake VMS Project, which is one of the largest land packages of any company in the James Bay Lowlands. UC has an option to earn an undivided 55% interest in the McFauld's Lake project. To date UC and Spider have expended in excess of $9 million on the project, of which 54 drill holes totalling approximately 17,000 metres have been drilled on the McFauld's #1 and #3 occurrences.
As announced on September 5, the latest discoveries from UC's 2007 exploration program, of which assay results have been received from four of seven holes, are as follows: Drill Hole McF-07-75 averaged 0.35 g/t AU, 6.63 g/t Ag, 2.69% Cu, and 4.35% Zn over 19.02 metres. Drill Hole McF-07-76 averaged 0.22 g/t Au, 7.47 g/t Ag, 1.8% Cu and 3.3% Zn over 7.5 meters.
Highlights of UC & Spider's past years' exploration work at McFauld's Lake include 18.8 meters of 8.02% Copper (McF-04-57), and 25.75 meters of 4.83% Zinc (McF-03-18). Detailed information on the results of the past exploration program are available on UC's website (www.ucresources.net).
About AGORACOM
AGORACOM Investor Relations (www.AgoracomIR.com) is North America's largest online investor relations firm for small-cap companies. We have partnered with the world's biggest internet companies, including Yahoo, AOL, Google and Blackberry to market our clients to a massive audience of new small-cap investors.
AGORACOM Investor Relations has displaced the telephone and e-mail as primary IR communications devices. Our IR HUB delivers two-way investor relations in near real-time that is 24/7/365 accessible to shareholders around the world and goes far beyond text by offering both audio and video communications.
AGORACOM (www.Agoracom.com) is North America's only small-cap community built to serve the needs of serious small-cap and micro-cap investors. No rumours, profanity, stock bashing or hyping. Our traffic ranking is above the top 1% of all websites around the world.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
UC Resources Ltd.
Vancouver Head Office
(604) 681-7265 or Toll Free: 1-800-366-8566 (Canada & USA)
(604) 608-6163 (FAX)
Website: www.ucresources.net
