Mr. Ungad Chadda reports

GLOBAL URANIUM CORP. ANNOUNCES PROPOSED SHARE CONSOLIDATION

Global Uranium Corp. intends to consolidate the common shares of the company on a one-for-10 basis. The company has 59,158,004 common shares outstanding, and, if completed, the proposed consolidation would reduce the issued and outstanding common shares to approximately 5,915,800 common shares.

The company will issue a subsequent news release, following its filing of all necessary documentation with the Canadian Securities Exchange in respect of the proposed consolidation, announcing the effective date of the proposed consolidation, the new Cusip and ISIN for the consolidated common shares, and any other relevant details regarding the proposed consolidation. No fractional common shares will be issued as a result of the proposed consolidation. Any fractional common shares resulting from the proposed consolidation will be rounded up in the case of a fractional interest that is one-half of a common share or greater, or rounded down in the case of a fractional interest that is less than one-half of a common share, to the nearest whole number of common shares, and no cash consideration will be paid in respect of fractional common shares rounded down to the nearest whole common share. The company will not be changing its name in conjunction with the consolidation.

About Global Uranium Corp.

Global Uranium focuses on exploring and developing uranium assets primarily in North America. The company currently holds key uranium projects, including the Astro project in the eastern Athabasca basin of Saskatchewan, the Airline project in Wyoming, and additional uranium exploration projects in Wyoming and Saskatchewan.

We seek Safe Harbor.