WUC Western Uranium Corp.

Western Uranium Corporation (TSX VENTURE:WUC) ("Western" or "the Company") 
announces that it has reached an agreement dated March 19, 2010 with Kenai
Resource Ltd. (TSX VENTURE:KAI) ("Kenai") for Kenai to continue exploring the
Albisu gold property located at the northern end of the Kings Valley Project in
north-western Nevada, approximately 35 kilometres west of McDermitt, at the
Nevada/Oregon border. The project, covered by 136 unpatented lode mining claims,
is located in Humboldt County, immediately south of the Oregon border in the
northern Nevada epithermal province, which includes the Sleeper, Hog Ranch and
Hycroft deposits.


The terms of the transaction agreed to between Western and Kenai, are summarized
below:




--  Kenai has the right to an earn-in giving it a 60 per cent joint venture
    interest in Western's Albisu project claims, subject to the following
    payments and expenditures. 
--  Kenai will issue 250,000 shares of Kenai stock to WUC at commencement
    subject to TSX Venture Exchange approval. 
--  Kenai is to be manager and operator of the project, and will keep the
    claims in good standing at all times. 
--  Kenai must pay Western $30,000, $70,000, $300,000 and $400,000 on or
    before the first to fourth annual anniversary dates respectively from
    the date of the agreement. 
--  Kenai will fund $250,000 on Albisu project exploration expenditures by
    December 31, 2010. 
--  Kenai will fund $500,000 and $1,200,000 on Albisu project expenditures
    by the third and fourth annual anniversary dates respectively. 
--  Kenai has the option following the earn-in period to increase its
    interest in the joint venture from 60 per cent to 80 per cent by
    completion of a bankable feasibility study and payment of $1,000,000 in
    cash to Western. 
--  Kenai has the usual rights of withdrawal during the operation of the
    project. 



Western is pleased to have Kenai Resources as a partner in continuing the gold
exploration at the Albisu claims. As reported on in press releases dated October
29, 2008, July 21, 2009 and August 4, 2009, this is an area of strongly
anomalous gold as defined by 15 core holes drilled by Western in 2008 and 2009.
As it is Western's intention to focus on additional uranium exploration at the
Kings Valley Project, the Company believes this agreement allows for advancement
of any potential gold project in this area of the Kings Valley Project. Western
currently controls over 2000 unpatented contiguous Federal Mining Claims in the
McDermitt Caldera which makes up the Kings Valley Project. The area covered by
the 136 claims subject to this agreement lie at the far northern end of the
claim block in an area that is more dominantly anomalous in gold as opposed to
uranium.


About the Company 

Western Uranium Corporation is a mineral exploration company. The Company has
exploration properties in Nevada, New Mexico and in the Thelon Basin, Nunavut
for uranium and has entered into an earn-in agreement with AuEx Ventures for the
Baza gold-copper project in Spain. The Company has its head office in Vancouver,
Canada; its executive management team is based in Reno, Nevada.


On behalf of the Board of Western Uranium Corporation

Pamela J. Klessig, President & CEO

Western Uranium Corp. (TSXV:WUC)
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