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Updated: 2015-08-27 - 15:51:00

UC Resources Symbol: UC.V

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Exploration Loan

December 15, 2004

December 15, 2004 - 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.  In consideration of the loan, the Company has agreed, subject to regulatory approval, to issue to the lender, Aton Balanced Fund Limited, a bonus of 200,000 shares in its capital stock, at a deemed value of $0.21 per share.  The loan is for a period of one year, with interest at 8% per annum.

On Behalf of the Board:
Eugene Larabie P.Eng. - President, Director


TSX Venture Exchange Trading Symbol:   "UC"
Address: #507 - 595 Howe Street Vancouver, British Columbia V6C 2T5 Canada
Tel.: (604) 681-7265, Fax: (604) 681-2161

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.