UUL Universal Uranium Ltd.

Universal Uranium Ltd. (TSX VENTURE:UUL) (the "Company") announced that it has
filed a Statement of Defence and Counterclaim in an action commenced by
Crosshair Exploration & Mining Corp. ("Crosshair") in the B.C. Supreme Court.
The Crosshair action seeks rescission of two agreements, one being a property
purchase agreement under which Crosshair acquired the Company's mineral claims
in the Central Mineral Belt in Labrador, and the other being a private placement
agreement under which Crosshair purchased units of the Company.


The Company considers the Crosshair action to be without merit. The Company's
Statement of Defence and Counterclaim denies that Crosshair is entitled to
rescission of the two agreements and asserts that the Crosshair action was
commenced for the purpose of artificially increasing the value of Crosshair's
shares by halting the release from escrow of the Crosshair shares to which UUL
is entitled under the property purchase agreement. The Statement of Defence and
Counterclaim also asserts that the Crosshair action is an abuse of process and
seeks damages for the loss of the Company's opportunity to market the Crosshair
shares to which the Company is entitled.


ON BEHALF OF THE BOARD:

Ronald Atlas, President & Chairman of the Board

Standard & Poor's Listed

Issued Share Capital: 47,084,068

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