Uranium One Proposes Amendments to Stock Option Plan

TORONTO, April 23, 2012 /CNW/ - Uranium One Inc. today announced that it will recommend to its shareholders certain amendments to its rolling stock option plan, which has been submitted for re-approval at Uranium One's annual meeting to be held on May 7, 2012.  For further information, please refer to the Company's notice filed on SEDAR on April 23, 2012.

About Uranium One

Uranium One is one of the world's largest publicly traded uranium producers with a globally diversified portfolio of assets located in Kazakhstan, the United States, and Australia.

Cautionary Statement

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For further information about Uranium One, please visit www.uranium1.com.