UC Resources Ltd. announces that it has arranged to borrow $210,000 CDN to fund its ongoing exploration program of the Copalquin, Durango, Mexico property, in respect to which UC can earn a 50% interest.

UC Resources Ltd. , (UC - TSX-V) and Planet Exploration Inc. (PXI – TSX-V) have received preliminary assay results from the 7,005 hectare (17,401 acre) Copalquin project in Durango State, Mexico.

Mr. Eugene Larabie reports OPTIONS GRANTED

UC Resources Ltd. (UC - TSX-V) is pleased to announce the drilling exploration phase has begun on the 7,005 hectares (17,401 acres) Copalquin Property located in the Sierra Madre mineralogical belt in Durango, Mexico.

The Company’s mining claims in the South Voisey Bay area of Labrador, were converted to shares in a privately held Company to be jointly developed with a large group of properties in the same area.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 25, 2004.

UC Resources (UC, TSX-V) has signed an option agreement with Planet Exploration Ltd. (PXI, TSX-V) to earn a 50% interest in Planet Exploration's 100% option on the high-grade 7,005 hectare Copalquin gold/silver property located in the Sierra Madre miner