Mr. Lester Esteban reports

TRACTION URANIUM ANNOUNCES GRANT OF RESTRICTED SHARE RIGHTS AND STOCK OPTIONS

Traction Uranium Corp. has granted an aggregate of 525,000 restricted share rights and 500,000 stock options to certain directors, officers and consultants of the company in accordance with the terms and conditions of the company's new equity incentive plan.

Each option is convertible into a common share in the capital of the company at an exercise price of 35 cents for a term of five years. All RSRs and options vest on the date of grant and, pursuant to the policies of the Canadian Securities Exchange, are subject to a hold period of four months from the date of the grant.

The grant of an aggregate of 200,000 of the RSRs and the options to insiders of Traction is considered to be a related-party transactions as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) and is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the grants does not exceed 25 per cent of Traction's market capitalization.

The material change report to be filed in relation to the grant of RSRs and options was not filed at least 21 days prior to the completion of the grant as contemplated by MI 61-101. The company believes that this is reasonable and necessary in the circumstances as the completion of the grant occurred shortly before the issuance of this news release and the filing of such material change report.

About Traction Uranium Corp.

Traction is in the business of mineral exploration and the development of discovery prospects in Canada, including its two flagship uranium projects in the world-renowned Athabasca region.

We seek Safe Harbor.