Vancouver, February 5, 2007— The first independent, web-based news service focusing on the burgeoning uranium sector was launched today at www.U308.biz.

“We are pleased to provide the industry’s leading source for unbiased, independent analysis of the uranium market and the mining and exploration sectors,” says John Gomez, president of U308 Media Inc., the company which created the new site. “Until now, information about the uranium market has not been readily accessible. U308.biz fills the void.”

U308.biz is poised to provide the most complete uranium news, analysis and information service in the industry, backed by industry experts and comprehensive data.

Demand for accurate, unbiased uranium market information has increased exponentially, with the spot prices for uranium now up almost 200 percent since January 2005. Along with these unprecedented increases in the uranium spot price, the number of mining companies seeking new sources of supply has skyrocketed—now nearing 400.

Beginning today, U308.biz journalists, editors and analysts will wade through the volumes of information distributed by uranium exploration companies and news from around the world to provide up-to-date analysis and commentary on the ever-changing uranium market.

“I’m confident U308.biz will become the industry’s leading source of timely market information. We are the premier site for The Business of Uranium,” says Gomez.

About U308 Media Inc.

U3O8 Media Inc.’s web site, U3O8.biz combines original investigative stories, breaking news and insightful editorial focusing on the political, technological and social issues surrounding the reemerging uranium exploration and mining industry. U3O8.biz provides a focused and targeted medium for advertisers who are building awareness and generating leads in this rapidly growing audience. U3O8 Media Inc. is headquartered in Vancouver Canada.

For further information:

Mr. John Gomez, president
Tel (604)

Mr. Richard Manley, director of business development
Tel (604)

Mr. Robert Simpson, managing editor
Tel (778) 839-9512