VANCOUVER, BRITISH COLUMBIA--(Nov. 15, 2010) - UC Resources Ltd. (TSX VENTURE:UC) (the "Company") is pleased to announce that it intends to carry out a non-brokered private placement consisting of up to 10,090,909 flow-through units ("FT Units") at a price of $0.11 per unit and up to 818,181 non-flow through units ("Hard Units") at a price of $0.11 per unit for aggregate gross proceeds of $1,200,000.

Each FT Unit will consist of one flow-through common share in the capital of the Company and one half of one non-flow-through share purchase warrant. Each whole warrant will entitle the holder to acquire one common share in the capital of the Company at a price of $0.13 per share for a period of two years from the date of closing. Each Hard Unit will consist of one non-flow-through common share in the capital of the Company and one non-flow-through share purchase warrant. Each warrant will entitle the holder to acquire one common share in the capital of the Company at a price of $0.13 per share for a period of two years from the date of closing.

The Company will pay a finder's fee in cash equal to 6% of the gross proceeds raised by finders and issue finder's fee options to acquire units equal to 8% of the number of units sold by finders, at a price of $0.11 per unit. Each finder's unit issued for the sale of FT Units will be comprised of one common share and one half of one non-transferrable share purchase warrant. Each finder's unit issued for the sale of Hard Units will be comprised of one common share and one non-transferrable share purchase warrant. Each whole warrant will entitle the holder to acquire one common share in the capital of the Company at a price of $0.13 per share for a period of two years from the date of closing.

The securities issued under the private placement will be subject to a four-month hold period from the closing date in accordance with applicable securities laws. The closing of the private placement and the payment of finder's fees are subject to the acceptance of the TSX Venture Exchange.

The Company intends to use the net proceeds from the financing to complete the 55% earn-in of the McFauld's option agreement. The remaining funds will be used for airborne geophysical surveys to be immediately followed by drilling.

On Behalf of the Board of Directors of UC Resources LTD.

Jim Voisin, President and CEO

This press release includes forward-looking statements or information. All statements other than statements of historical fact included in this release, including without limitation, statements regarding future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties and are based on plans and estimates of management at the date the information is provided and certain factors and assumptions of management, including the availability of capital and financing in connection with the proposed private placement. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include availability of capital and financing in connection with the proposed private placement, general economic, market or business conditions, regulatory changes, timelines of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.