Trading Symbol: SXR - Toronto Stock Exchange, Johannesburg Stock Exchange TORONTO, ON and JOHANNESBURG, South Africa, July 24 /CNW/ - sxr Uranium One Inc. (TSX and JSE: SXR) today announced that it has filed on SEDAR (www.sedar.com) an independent technical report prepared by SRK Consulting in accordance with NI 43-101 in connection with the increase in uranium resources at the Dominion Project announced on June 14, 2006. A copy of the independent technical report is available on Uranium One's website at www.uranium1.com. About sxr Uranium One sxr Uranium One Inc. is a Canadian uranium and gold resource company with a primary listing on the Toronto Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. The Corporation owns the Dominion Uranium Project in South Africa and the Honeymoon Uranium Project in South Australia, and is actively pursuing growth opportunities in the western United States. The Corporation holds a 79% interest in Aflease Gold Limited, which owns the Modder East gold project in South Africa. Through a joint venture with Pitchstone Exploration Ltd., the Corporation is also engaged in uranium exploration activities in the Athabasca Basin of Saskatchewan. Cautionary note concerning forward-looking statements and disclosure of mineral resources: Statements in this release that are not historical facts are "forward-looking statements" involving known and unknown risk and uncertainties which are beyond the ability of the Corporation to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. To receive the Corporation's news releases by email, please register on the Corporation's website: www.uranium1.com The TSX has neither approved nor disapproved of the information contained herein. %SEDAR: 00005203E