URU Metals Nickel Joint Venture UPDATE

South African Nickel Joint Venture Update  Ongoing drilling continues to confirm large disseminated nickel resources at Burgersfort and Zebediela nickel projects, South Africa Highlights ·    Additional drilling results from both the Burgersfort and Zebediela nickel projects confirm large open pit disseminated sulphide nickel resources. The first phase of drilling has now been completed on both projects. ·    URU Metals has satisfied the terms of the Joint Venture Agreement and has fully vested its interest in both projects. ·    The South African Nickel Joint Venture ("Joint Venture") has engaged MSA Group to complete a Preliminary Economic Assessment ("PEA") on the Zebediela Nickel Project.  ·    Appointment of Mike Houston as CEO of the Joint Venture. Commenting on the nickel joint venture update, Paul Loudon, Non-Executive Chairman of URU Metals, said: "The results continue to be extremely pleasing and indicate that both Burgersfort and Zebediela host large open pit disseminated sulphide nickel resources. Furthermore, the economic potential of one of these projects, Zebediela,will be indicated with the completion of a PEA.  I am particularly pleased to announce that Mr. Mike Houston, a highly experienced mine builder has joined the team.  Mike will lead the feasibility assessments and development of the projects on behalf of the Joint Venture. "