URU Metals Limited Regulatory News (URU)

21 September, 2012

URU METALS LIMITED

(AIM: URU)

Directorate Changes

URU Metals Limited ("URU Metals" or "the Company"), an explorer and developer of large scale base metal projects announces that Mr. Paul Loudon, Chairman and Director and Mr. John Lynch, Director, have resigned from the Board of Directors of the Company, with immediate effect.

The Company would like to thank Mr. Loudon and Mr. Lynch for their contributions to the Company over their tenure, and wish them the best of success in their future endeavors.

Mr. David Subotic will remain a Director of the Company as the NWT Uranium Corporation ("NWT") representative, the Company's largest shareholder, pursuant to the terms of the relationship agreement between the Company and NWT dated 20 April 2010 (the "Relationship Agreement"). Mr. Subotic will be assuming the role of Chairman of the Board of Directors.

The Company would also like to announce the appointment of Mr. Jay Vieira and Mr. Roger Lemaitre to the Board of Directors, with immediate effect.

Mr. Vieira is, and has been since 2006, a partner with the law firm of Fogler, Rubinoff LLP, Toronto, Ontario. Prior to that and since 2000, Mr. Vieira was an associate with Sui & Pathak, Sui & Company and Himlefarb, Prozanski as well as being as sole practitioner. Mr. Vieira focuses on the area of securities and corporate finance. Mr. Vieira is a member of the Canadian and Ontario bar associations and the Law Society of Upper Canada. Mr. Vieira was admitted to the Ontario bar in 1999 after obtaining his LL.B. from the University of Windsor Law School. Mr. Vieira holds a B.A. (Hons.) in Humanities from McMaster University.

Mr. Vieira does not currently own any interest in ordinary shares of the Company.

Mr. Roger Lemaitre is currently the Company's Chief Executive Officer. Mr. Lemaitre is a Professional Engineer and Geologist with more than 20 years of professional experience, predominantly with major mining companies and has held a variety of senior management positions with Cameco Corporation, one of the world's largest uranium producers, and was most recently Cameco's Director of Worldwide Exploration where he was responsible for overseeing Cameco's international exploration programs and budgets on 95 different projects coordinated from three offices located on three continents. Prior to joining Cameco, Mr. Lemaitre was a project and field geologist for senior mining companies and junior explorers searching for copper, zinc and gold. Mr. Lemaitre has a Master of Business Administration from Athabasca University, a Master of Applied Science in Geology from McGill University and a Bachelor of Applied Science in Geological Engineering from Queen's University.

Mr. Lemaitre currently holds 500,000 share options to purchase ordinary shares in URU, that if exercised would represents 0.44% of the issued share capital of the Company. Mr. Lemaitre does not currently hold a direct interest in ordinary shares of the Company.

Further, it is the Company's intention to appoint an independent non-executive director to the Board in due course.

Please see the Appendix below for further disclosure with regard to Mr. Vieira and Mr. Lemaitre in accordance with the AIM Rules for Companies.

Contact details:

URU Metals Limited

Roger Lemaitre, CEO

+ 1 416 892 2870

Fairfax I.S. PLC (Nominated Adviser and Joint Broker)

Ewan Leggat / Laura Littley

+ 44 207 598 5368

Daniel Stewart & Company Plc (Joint Broker)

Anthony Legge

+ 44 207 776 6590

Ribeiro Communications

Ana Ribeiro

+44 (0) 7980 321 505

APPENDIX

Further disclosures regarding Jay Vieira as required by the AIM Rules for Companies:

Full name: Jacinto Victor da Silva Vieira

Age: 42

Jay Vieira currently holds, or has during the five years preceding the date of this announcement held, directorships or partnerships with the following entities: 

Further disclosures regarding Roger Lemaitre as required by the AIM Rules for Companies:

Full name: Roger Marcel Lemaitre

Age: 44

Roger Lemaitre currently holds, or has during the five years preceding the date of this announcement held, directorships or partnerships with the following entities: