UUL Universal Uranium Ltd.

Universal Uranium Ltd. (TSX VENTURE: UUL) (the "Company") is pleased to announce the completion of an option and joint venture agreement with Aldrin Resource Corp., whereby Universal can earn a 50% interest in Ryanwood Exploration's Brew property.

The Brew property is located in the White Gold District, Yukon Territory and is comprised of 168 quartz mining claims covering an area of 33 square kilometres. The project is 100 kilometres south of Dawson City and 20 kilometres east of Underworld Resources (Kinross) White Gold discovery.

The Brew property was originally staked by Shawn Ryan of Ryanwood Exploration. It was optioned in June, 2009 to Aldrin who has the right to acquire a 100% interest over a four year period by paying Ryanwood $425,000, incurring $1.5 million in expenditures and issuing 1,250,000 Aldrin shares to Ryanwood.

Universal may acquire its 50% interest in the Brew property over a three year period by paying $125,000 to Aldrin, paying $300,000 to Ryanwood, incurring expenditures of $1.35 million and paying Aldrin 50% of the Aldrin shares issuable by Aldrin to Ryanwood. The payments in respect of the Aldrin shares are capped at $156,250 for 2011 and at $187,500 for 2012 and 2013 and these payments may be paid either in cash or by the issuance of Universal shares at Universal's option. If Universal chooses to issue Universal shares, a 10% premium will be paid.

Preliminary soil sampling by Ryanwood has identified anomalous gold values that appear to be related to a major regional northwest trending structure Ryanwood has also completed a preliminary ground magnetic survey over the area and the results indicate additional work is warranted on the claim block.

Preliminary exploration completed on the Brew property by Ryanwood is reconnaissance level work. Work planned by Universal in 2010 includes expanding the soil survey, completing an extensive trench excavation program to better expose the structural setting and completing detailed sampling of the soil anomalies. In addition to the geochemical sampling, Universal intends to complete geological mapping and expand the ground magnetiometer survey.

Ron Atlas, President and Chairman of the Board of Universal stated, "We are very pleased and excited to be afforded this opportunity to work with Shawn Ryan and Aldrin Resource Corp. in an area as exciting as the Yukon and to be in such close proximity to the White Gold discovery. It is also exciting to be in such close proximity to where Kaminak will be drilling this summer. We have been looking for exceptional opportunities since our major sale of the uranium prospect, the Two Time Zone in Labrador, to Crosshair Exploration. Our experience in the timely development and sales of excellent prospects should help us immensely in this project. We are encouraged to become involved in the Brew property as preliminary data indicate similar key geological features are present on the Brew that were important guides for targeting drilling Underworld's White Gold property."

Universal Uranium Ltd. (TSX VENTURE: UUL) is a publicly held Canadian exploration company focused on acquiring, exploring and developing mineral properties located in favorable geo-political climates. The company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.

ON BEHALF OF THE BOARD:

Ronald Atlas, President & Chairman of the Board

Standard & Poor's Listed

Issued Share Capital: 47,284,068

The Company seeks Safe Harbour.

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

Contacts: Universal Uranium Ltd. William Galine Executive Vice President (604) 662-3903 bgaline@universaluranium.com www.universaluranium.com