NU. Nufcor

RNS Number:7638E
Nufcor Uranium Limited
28 September 2007


RESOLUTIONS PASSED AT THE FIRST ANNUAL GENERAL MEETING
OF NUFCOR URANIUM LIMITED ("the Company")

HELD AT ANSON COURT, LA ROUTE DES CAMPS, ST. MARTIN, GUERNSEY
ON FRIDAY 28th SEPTEMBER 2007 AT 10.00 AM


1. ORDINARY    IT WAS RESOLVED:
RESOLUTION:
FINANCIAL
STATEMENTS     To receive and adopt the Report and Audited Financial Statements
               of the Company for the period ended 30th June 2007.

2. ORDINARY    IT WAS RESOLVED:
RESOLUTION:
AUDITORS       To appoint PricewaterhouseCoopers CI LLP as Auditors to the
               Company; and
               To authorise the Directors to agree the Auditors' remuneration.

3. SPECIAL     IT WAS RESOLVED:
RESOLUTION:
SHARE CAPITAL
REDUCTION      THAT the Company's share premium account be cancelled and the
               amount of the share premium account so cancelled be credited as a
               distributable reserve to be established in the books of account
               which shall be able to be applied in any manner in which the
               Company's profits available for distribution (as determined in
               accordance with the Companies (Guernsey) Laws, 1994 to 1996, as
               amended) are able to be applied, including the market purchase of
               the Company's Shares and the payment of a dividend.

4. SPECIAL     IT WAS RESOLVED:
RESOLUTION:
PURCHASE OF
OWN SHARES     THAT Company be generally and unconditionally authorised, in
               accordance with the Company's Articles of Association and The
               Companies (Purchase of Own Shares) Ordinance 1998 ("the
               Ordinance"), to make market purchases (within the meaning of
               Section 18 of the Ordinance) of its shares PROVIDED THAT:

               (i) the maximum number of Shares hereby authorised to be
               purchased is up to 15% of the Shares in issue (rounded down to
               the nearest whole number);

               (ii) the minimum price (exclusive of expenses) which may be paid
               for a Share is US$0.01 (nominal value);

               (iii) in accordance with the Listing Rules, the maximum price 
               which may be paid for a Share shall be an amount equal to 105% of 
               the average of the mid-market quotation for a share to be derived
               from the Daily Official List of the London Stock Exchange for the
               five business days immediately preceding the day on which the
               shares are contracted to be purchased;

               (iv) the authority hereby conferred shall expire at the earlier 
               of 18 months from the date of this resolution or the conclusion 
               of the next Annual General Meeting of the Company unless such 
               authority is renewed, varied or revoked prior to such time;

               (v) the Company may make a contract to purchase Shares under the
               authority hereby conferred prior to the expiry of such authority
               which will or may be executed wholly or partly after the
               expiration of such authority and may make a purchase of Shares
               pursuant to any such contract; and

               (vi) any Shares bought back may be held in treasury in accordance 
               with Guernsey law or be subsequently cancelled by the Company.

5. SPECIAL      IT WAS RESOLVED:
RESOLUTION:
HOLDING OF
TREASURY
SHARES          THAT the Company be authorised, in accordance with section 1 of
                The Companies (Purchase of Own Shares) (Treasury Shares)
                Ordinance, 2006, to hold any shares, purchased by it in
                accordance with the Companies (Purchase of Own Shares)
                Ordinance, 1998, out of distributable profits, as treasury
                shares, by way of an amendment to the Company's Articles of
                Association as set out in the Articles of Association hereby
                tabled which replace the Company's existing Articles of
                Association.

6. SPECIAL      IT WAS RESOLVED:
RESOLUTION: 
NEW ARTICLES    THAT the Articles of Association of the Company be deleted in
                their entirety and replaced with the form of articles hereby
                tabled, a copy of which is attached and forms part of these
                minutes.

The new Articles of Association adopted at this meeting will be posted on the
Company's website shortly, at nufcoruranium.com




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