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2006


2006

UC Resources Ltd. Announces Letter of Intent to Purchase Minera Silver Creek S.A. de C.V., Consisting of High Yield Tailings, Mines, and Milling Facility
April 20, 2006

UC Resources Ltd.: Torreon, Coahuila, Mexico/Vancouver, British Columbia; Trading Symbol: UC: TSXV (the “Company”)

The Company is pleased to announce that it has signed a Letter of Intent to purchase all of the outstanding shares of Minera Silver Creek S.A. de C.V. (Minera Silver Creek), a company incorporated under the laws of Mexico, from Canmex Capital Corporation (Canmex). The principle asset of Minera Silver Creek is the La Yesca mining project located near the town of La Yesca, in the state of Nayarit, and is located approximately two hundred kilometers west of Guadalajara, Mexico.

The project consists of a 600 hectare mining concession which includes two previous producing mines.  The project also includes a modern milling facility capable of milling two hundred (200) tonnes per day of feed.  Approximately two hundred thousand (200,000) tonnes of tailings are available to process immediately, with the tailings containing good grades of both gold and silver.

The acquisition will be paid for in both cash and shares. The details regarding the terms and cost of the acquisition will be released once the final purchase contract has been finalized.

The Company has spent much time on Due Diligence since it began negotiations three months ago in January 2006, and part of the DD included the processing of a large bulk sample, which yielded high recoveries for both the gold and silver components contained in the tailings, using a copper thio sulfate extraction process.

The mill will be upgraded and slightly modified to add significantly higher recovery rates principally for the extraction of silver, and the expected start-up time for the mill will be approximately three to four months.  Production will originally be derived from the existing tailings, and will be followed by ore that will be processed from existing stockpiles. An assessment as to the size of the stockpiles is currently under way. Work on the existing mines will begin immediately, with the start of a drilling program in September, with the objective of mining in the first quarter of 2007. The Company will issue progress reports in a timely manner, and as work progresses.

States Richard J. Hamelin, President & CEO of UC Resources: “This acquisition represents significant upside for our investors in that there is considerable exploration potential along with a quick to production element that will see us generating cash flow within the near future.  La Yesca represents the type of acquisition that UC Resources is focused on in Mexico.  The Company will continue to search for additional quality assets that will allow it to fast-track its growth in Mexico.”

Completion of the Due Diligence is currently underway, beginning the week of April 17th, and is under the direction of  Mr. Jim Burns, a “qualified person” under the meaning of NI43-101, who is currently on the site.

UC Resources has made several significant corporate achievements of recent and is currently underway on Phase 2 of the Exploration Program on its 100% interest in the 19,269 hectare (192 sq km’s) historically productive gold and silver Copalquin Project. The Copalquin mining district is located in NW corner of the State of Durango, Mexico and is centrally position within Mexico’s prolific Sierra Madre Mining belt. Copalquin, the Company’s flagship property, has returned both high-grade gold and silver results from recent drilling in Phase 1 exploration program in early 2005.

On behalf of the Board of Directors,

Richard J. Hamelin, President/Director

For further information: 
William Elston, VP Corporate Development, Officer
#1000, 355 Burrard Street Vancouver, B.C. V6C2G8 Canada
Toll Free: 1-800-366-8566 (Canada & USA)                  
Website: www.ucresources.net

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed “forward-looking statements”.  All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements.  Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.  Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.  Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements.  For more information on the Company, Investors should review the Company’s registered filings what are available at www.sedar.com.


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