cnw




VANCOUVER, British Columbia and JOHANNESBURG, South Africa, Feb. 11
/CNW/ - Uranium One Inc. today announced that Scott Melbye will join
the Company in May as Executive Vice President of Marketing.


Mr. Melbye has 27 years of experience in uranium trading, procurement
and marketing, having most recently served as President of Cameco,
Inc., a subsidiary of Cameco Corporation, where he was responsible for
managing the company's world-wide uranium marketing and trading
activities. Mr. Melbye also played a leading role in representing the
Uranium Producers of America in its discussions with the U.S.
Department of Energy on the disposition of the DOE's uranium
inventories.


Prior to joining Cameco in 1989, Mr. Melbye held positions at Nukem,
Inc., and Arizona Public Service, where he was actively involved in
trading and fuel procurement, respectively. He is currently vice chair
of the Board of Governors of the World Nuclear Fuel Market, and holds a
B.Sc. in Business Administration from Arizona State University, with
degree specialization in International Business.


Chris Sattler, Chief Executive Officer of Uranium One, commented:


"I am delighted to have Scott join our senior management team. He
brings invaluable industry knowledge, experience and perspective, which
will serve the Company and its customers well as we continue to execute
on our strategy of becoming one of the world's largest uranium
suppliers."


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.