URACAN RESOURCES LTD. : http://www.uracan.ca/ : QwikReport

News Releases

#November 17, 2016
Uracan closes private placement

 Vancouver, Canada (November 17, 2016) - Uracan Resources Ltd. (TSX.V:URC) ("Uracan") is pleased to announce it has closed a non-brokered private placement of 1,538,461 flow-through shares (the "Offering") at a price of $0.065 per share for gross proceeds of $100,000. The flow-through shares are subject to a hold period expiring March 18, 2017. Finder's fees of $6,000 were paid to Secutor Capital Management Corp. in connection with the Offering. Proceeds will be used towards exploration work in Quebec.
ABOUT URACAN RESOURCES LTD.
Uracan Resources Ltd. (TSX.V:URC) is a Canadian-based exploration company focused on exploring for uranium deposits in Saskatchewan and Quebec, Canada.
In July 2014, Uracan signed an agreement with Forum Uranium whereby Uracan can acquire up to a 70% interest in the Clearwater Property near the southwestern margin of the Athabasca Basin, immediately adjacent to Fission Uranium's Patterson Lake South discovery. Forum is the 100% owner of the Clearwater Property.

In early 2013, Uracan signed an agreement with UEX Corporation, whereby Uracan acquired the option to earn from UEX a 60% participating interest in the Black Lake Property along the northern margin of the Athabasca Basin. UEX currently holds a 90.92% interest in the Black Lake Project with AREVA Resources Canada Inc. ("AREVA") holding the remaining 9.08% interest.
Uracan continues to review additional opportunities worldwide to capitalize on management's exploration and financing capabilities.

ON BEHALF OF URACAN RESOURCES LTD.

"Marc Simpson"

Marc Simpson
President and CEO


FOR FURTHER INFORMATION PLEASE CONTACT:

Marc Simpson
President and CEO
Uracan Resources Ltd.

604-506-6996
www.uracan.ca

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking information relating to the future performance of the Company. Forward looking information is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Such risks and other factors include, among others, the actual results of exploration activities, changes in world commodity markets or equity markets, the risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes, change in government and changes to regulations affecting the mining industry, and other risks and uncertainties detailed from time to time in the Company's filings with the Canadian securities administrators (available at www.SEDAR.com ). Forward-looking statements are made based on various assumptions and on management's beliefs, estimates and opinions on the date the statements are made. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information contained herein. The Company undertakes no obligation to update forward-looking statements if these assumptions, beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
File: http://www.uracan.ca/i/pdf/News/11-17-2016 - URC Closes Private Placement.pdf
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#November 07, 2016
URACAN AND FORUM PROVIDE UPDATE ON DRILLING AT CLEARWATER PROPERTY ON SOUTHWEST EXTENSION OF PATTERSON LAKE TREND

 Vancouver, Canada (November 7, 2016) - Uracan Resources Ltd. (TSX.V:URC) ("Uracan") and Forum Uranium Corp. (TSX.V:FDC) ("Forum") are pleased to announce an update on the ongoing drill program on Forum's 100% owned Clearwater Project, on trend from Fission Uranium's Triple R deposit and Nexgen Energy's Arrow Deposit in the Athabasca Basin, Saskatchewan. Uracan will earn its initial 25% interest in the property upon the completion of the current drill program. In addition, the previously announced exploration drilling program (as described in Uracan's September 29th, 2016 news release) will be extended. Please see below for further details.

Mongo Lake Area

The Mongo area is interpreted to be on strike with the structure hosting the Triple R deposit. Drilling to date on the Mongo Lake area (drill holes CW-17 and CW-18) of the property (please refer to maps on the Uracan website www.uracan.ca for more details on the Mongo Lake area) have encountered predominantly mafic gneisses, locally weakly graphitic, that have been cut numerous times by felsic granitic dykes and moderately radioactive (thorium bearing) mafic dykes with probing peaks of up to 2345 counts per second. These mafic dykes have been reactivated by subparallel brittle shear zones. The upper section of the drill holes also contains intervals of secondary hematite alteration, both along fracture surfaces and locally within the matrix and lithological boundaries.

Several intervals of moderate bleaching of the drill core have also been noted. Clays in the bleached zone have been analyzed by Forum's TerraSpec (TSP 350-2500) instrument, and have come back as mostly illite, a clay associated with hydrothermal alteration and common around all of the eastern Athabasca basin uranium deposits and at NexGen Energy's Arrow deposit. Samples of the bleached and clay altered core will be geochemically analysed in the near term to confirm the nature and type of other clay minerals present.

The combination of elevated radioactivity, bleaching with illite clay and secondary hematite associated with brittle shear zones and local graphitic zones are encouraging as these indicate that altering and radioactive fluids were active in the area. Further drilling is planned to follow up these initial encouraging results, both along strike on the southern conductor and on a parallel conductor 400m to the north. A further target (the Lili area) on a strong, steeply dipping VTEM conductor that has a strike length of several kilometres, parallel to the Clearwater intrusive complex may also be tested.

Radioactivity within the mafic dykes in CW-17 has a probing peak of 1081 cps over 0.1 meters between 197.6 and 197.7 meters downhole, within an overall radioactive interval of 779 cps over 0.8 meters between 197.4 and 198.2 meters. CW-18 contains mafic dykes with a probing peak of 2345 cps over 0.2 meters between 136.5 and 136.7 meters within an overall radioactive interval of 1206 cps over 0.6 meters between 136.3 and 136.9 meters. Preliminary spectrometer results indicate that the radioactivity in the mafic dykes is predominantly related to thorium with lesser uranium present.

All drill holes are probed for radiometrics along their entire drilled length using a Mt Sopris HLP-2375 total count natural gamma scintillometer probe. The radioactive zones have been measured using a hand-held Radiation Solutions Inc RS-135 spectrometer to determine the ratios of Thorium and Uranium in a preliminary fashion. Samples of these drill core intervals will be submitted for analysis by SRC Laboratories.

The reader is cautioned that probe and scintillometer readings are not necessarily uniformly or directly related to the presence of, or uranium grades of, the rock sample measured. These readings should only be used only as a preliminary indication of the presence of radioactive materials.

Key Area

Four diamond drill holes have also been completed in the Key area of the project testing gravity lows or EM conductors. While the alteration of the basement rocks was very strong with up to 30m of dissolved and missing core, most of this is interpreted to be caused by surficial weathering, evidence for this given by associated kaolinite clays. The drill holes that targeted EM conductors intersected graphitic structures with evidence of numerous tectonic episodes; unfortunately no significant uranium mineralization was noted in this area.

Uracan will earn a 25% interest in the Clearwater property at the end of the current drill program by spending $1.5 million (approximately $900,000 spent to date), a 51% interest in the Clearwater property by spending $3 million in exploration over three years and up to a 70% interest by spending $6 million over five years. The Clearwater Project covers a total of 9,912 hectares adjoining Fission Uranium's Patterson Lake South claims to the southwest. Forum will be the Project operator until Uracan earns its 51% interest, after which Uracan may elect to become the operator.

Marc Simpson, P.Geo., Uracan's President and CEO is the Qualified Person that has reviewed and approved the contents of this news release on behalf of Uracan.
ABOUT URACAN RESOURCES LTD.
Uracan Resources Ltd. (TSX.V:URC) is a Canadian-based exploration company focused on exploring for uranium deposits in Saskatchewan and Quebec, Canada.
In July 2014, Uracan signed an agreement with Forum Uranium whereby Uracan can acquire up to a 70% interest in the Clearwater Property near the southwestern margin of the Athabasca Basin, immediately adjacent to Fission Uranium's Patterson Lake South discovery. Forum is the 100% owner of the Clearwater Property.

In early 2013, Uracan signed an agreement with UEX Corporation, whereby Uracan acquired the option to earn from UEX a 60% participating interest in the Black Lake Property along the northern margin of the Athabasca Basin. UEX currently holds a 90.92% interest in the Black Lake Project with AREVA Resources Canada Inc. ("AREVA") holding the remaining 9.08% interest.
Uracan continues to review additional opportunities worldwide to capitalize on management's exploration and financing capabilities.

ON BEHALF OF URACAN RESOURCES LTD.

"Marc Simpson"

Marc Simpson
President and CEO


FOR FURTHER INFORMATION PLEASE CONTACT:

Marc Simpson
President and CEO
Uracan Resources Ltd.

604-506-6996
www.uracan.ca

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking information relating to the future performance of the Company. Forward looking information is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Such risks and other factors include, among others, the actual results of exploration activities, changes in world commodity markets or equity markets, the risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes, change in government and changes to regulations affecting the mining industry, and other risks and uncertainties detailed from time to time in the Company's filings with the Canadian securities administrators (available at www.SEDAR.com ). Forward-looking statements are made based on various assumptions and on management's beliefs, estimates and opinions on the date the statements are made. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information contained herein. The Company undertakes no obligation to update forward-looking statements if these assumptions, beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
File: http://www.uracan.ca/i/pdf/News/URC NR - 11-07-2016 - Clearwater Preliminary Drilling Results.pdf
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#September 29, 2016
URACAN AND FORUM COMMENCE DRILLING ON CLEARWATER PROPERTY IN PATTERSON LAKE SOUTH AREA

 Vancouver, Canada (September 29, 2016) - Uracan Resources Ltd. (TSX.V:URC) ("Uracan") and Forum Uranium Corp. (TSX.V:FDC) ("Forum") announce the commencement of a 3,000 metre drill program on Forum's 100% owned Clearwater Project, on trend from Fission Uranium's Triple R deposit and Nexgen Energy's Arrow Deposit in the Athabasca Basin, Saskatchewan. The Patterson Lake Corridor continues to yield significant uranium mineralization 840 metres to the southwest of the original discovery in the direction of the Clearwater Project.

A total of eleven drill holes totalling 2,836 metres have been completed to date on the property. This previous drilling defined a number of target areas with altered and reactivated graphite bearing structures with elevated boron and nickel geochemistry and anomalous uranium values. Forum and Uracan plan to drill ten to twelve drill holes to follow-up these structures along the Mongo and Key trends and to test new targets that have not yet been drill tested.

In addition, a 12 line kilometre ground electromagnetic survey is currently underway on the Clearwater Project to better target the planned drilling. A map showing the planned drilling areas will be available shortly on Uracan's website: www.uracan.ca

Uracan can earn a 25% interest in the Clearwater property by spending $1.5 million (approximately $500,000 spent to date), a 51% interest in the Clearwater property by spending $3 million in exploration over three years and up to a 70% interest by spending $6 million over five years. The Clearwater Project covers a total of 9,912 hectares adjoining Fission Uranium's Patterson Lake South claims to the southwest. Forum will be the Project operator until Uracan earns its 51% interest, after which Uracan may elect to become the operator.

Marc Simpson, P.Geo., Uracan's President and CEO is the Qualified Person that has reviewed and approved the contents of this news release on behalf of Uracan.

The company also announces that it has granted an aggregate of 6,100,000 incentive stock options to directors, officers, consultants and charitable organizations at a price of $0.09 per share, exercisable for a period of 10 years, subject to TSX-V approval.

ABOUT URACAN RESOURCES LTD.
Uracan Resources Ltd. (TSX.V:URC) is a Canadian-based exploration company focused on exploring for uranium deposits in Saskatchewan and Quebec, Canada.
In July 2014, Uracan signed an agreement with Forum Uranium whereby Uracan can acquire up to a 70% interest in the Clearwater Property near the southwestern margin of the Athabasca Basin, immediately adjacent to Fission Uranium's Patterson Lake South discovery. Forum is the 100% owner of the Clearwater Property.

In early 2013, Uracan signed an agreement with UEX Corporation, whereby Uracan acquired the option to earn from UEX a 60% participating interest in the Black Lake Property along the northern margin of the Athabasca Basin. UEX currently holds a 90.92% interest in the Black Lake Project with AREVA Resources Canada Inc. ("AREVA") holding the remaining 9.08% interest.
Uracan continues to review additional opportunities worldwide to capitalize on management's exploration and financing capabilities.
File: http://www.uracan.ca/i/pdf/News/URC News Release Clearwater Drilling Commences September 29, 2016 (FINAL).pdf
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#August 02, 2016
URACAN ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT FOR $215,200 FOR TOTAL PROCEEDS OF $1.621 MILLION

 Vancouver, BC, Canada - Uracan Resources Ltd. (TSX.V:URC) ("Uracan" or the "Company") announces that it has closed the second tranche of its non-brokered private placement. The second tranche consists of 3,600,000 flow through ("FT") shares at a price of $0.05 per share for gross proceeds of $180,000, and 704,000 non flow though ("NFT") units at a price of $0.05 per share for gross proceeds of $35,200 for a combined total gross proceeds of $215,200.

In total, 19,600,000 flow through ("FT") shares at a price of $0.05 per share for gross proceeds of $980,000, and 12,831,500 non flow though ("NFT") units at a price of $0.05 per share for gross proceeds of $641,575 were issued in the two tranches. The total gross proceeds of the financing is $1,621,575. Each non-flow through unit consists of one half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of $0.10 per common share until June 30, 2017 in the first tranche and until August 2, 2017 in the second tranche. Finder's fees of 6% of the gross proceeds of the offering were paid on a portion of the offering.

The securities issued in connection with these financings are subject to a statutory hold period of four months and one day which will expire on December 3, 2016. Finder's fees associated with the second tranche closing were paid in cash to third parties, in aggregate of $12,412.
Proceeds will be used to continue exploration and development of the Company's Clearwater Property located in the Southwest Athabasca basin region of Saskatchewan along the southwest extension of the Patterson Lake Trend, as well as for general corporate purposes. The Patterson Lake Trend hosts Fission Uranium Corporation's Triple R deposit (Indicated resource: 2.0Mt @ 1.83% U3O8 containing 81.1M lbs U3O8, Inferred resource: 0.785Mt @ 1.57% U3O8 containing 27.15M lbs U3O8) and the Nexgen Energy Ltd. Arrow deposit (Inferred resource: 3.48Mt @ 2.63% U3O8 containing 201.9M lbs U3O8).
ABOUT URACAN RESOURCES LTD.
Uracan Resources Ltd. (TSX.V:URC) is a Canadian-based exploration company focused on exploring for uranium deposits in Saskatchewan and Quebec, Canada.
In July 2014 Uracan signed an agreement with Forum Uranium whereby Uracan can acquire up to a 70% interest in the Clearwater Property near the southwestern margin of the Athabasca Basin, immediately adjacent to Fission Uranium's Patterson Lake South discovery. Forum is the 100% owner of the Clearwater Property.

In early 2013, Uracan signed an agreement with UEX Corporation, whereby Uracan acquired the option to earn from UEX a 60% participating interest in the Black Lake Property along the northern margin of the Athabasca Basin. UEX currently holds an 90.69% interest in the Black Lake Project with AREVA Resources Canada Inc. ("AREVA") holding the remaining 9.31% interest.
Uracan continues to review additional opportunities worldwide to capitalize on management's exploration and financing capabilities.
Technical information in this news release has been reviewed and approved by Marc Simpson, P. Geo, a Qualified Person as defined by National Instrument 43-101 ("N.I. 43-101") standards.

ON BEHALF OF URACAN RESOURCES LTD.

"Clive Johnson" "Marc Simpson"

Clive Johnson Marc Simpson
Chairman President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Marc Simpson
President and CEO
Uracan Resources Ltd.
604-506-6996
www.uracan.ca

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking information relating to the future performance of the Company. Forward looking information is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Such risks and other factors include, among others, the actual results of exploration activities, changes in world commodity markets or equity markets, the risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes, change in government and changes to regulations affecting the mining industry, and other risks and uncertainties detailed from time to time in the Company's filings with the Canadian securities administrators (available at www.SEDAR.com ). Forward-looking statements are made based on various assumptions and on management's beliefs, estimates and opinions on the date the statements are made. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information contained herein. The Company undertakes no obligation to update forward-looking statements if these assumptions, beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
File: http://www.uracan.ca/i/pdf/News/02-August- 2016 URC Announces Closing of Second Tranche Private Placement.pdf
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#June 30, 2016
URACAN ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT IN THE TOTAL AMOUNT OF $1.406 MILLION

 Vancouver, BC, Canada - Uracan Resources Ltd. (TSX.V:URC) ("Uracan" or the "Company") announces that it has closed the first tranche of its non-brokered private placement with a total of 16,000,000 flow through ("FT") shares at a price of $0.05 per share for gross proceeds of $800,000, and 12,127,500 non flow though ("NFT") units at a price of $0.05 per share for gross proceeds of $606,375.
Each non-flow through unit consists of one common share and one half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of $0.10 per common share until June 30, 2017. The securities issued in connection with these financings are subject to a statutory hold period of four months and one day which will expire on October 31, 2016. Finder's fees associated with these financings were paid in cash to third parties, in aggregate of $31,493.
The Company also announces that pursuant to this transaction, Clive Johnson, Uracan's Chairman and co-founder, President and CEO of B2Gold Corporation, has acquired ownership and control of 6,500,000 common shares and 2,250,000 warrants, representing a total of 6.49% of the issued and outstanding common shares of the Company and 36.95% of the issued and outstanding warrants of the Company.
As a result of this acquisition of the securities described above, Mr. Johnson holds in aggregate, 19,991,033 common shares of the Issuer, representing 19.97% of the current issued and outstanding shares of the Issuer and would own 23,031,033 common shares, representing 22.33% on a partially diluted basis, assuming exercise of the 2,250,000 warrants and 790,000 options held by Mr. Johnson. Mr. Johnson has acquired the units and shares for investment purposes and, may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.
Proceeds will be used to continue exploration and development of the Company's Clearwater Property located in the Southwest Athabasca basin region of Saskatchewan along the southwest extension of the Patterson Lake Trend. The Patterson Lake Trend hosts Fission Uranium Corporation's Triple R deposit (Indicated resource: 2.0Mt @ 1.83% U3O8 containing 81.1M lbs U3O8, Inferred resource: 0.785Mt @ 1.57% U3O8 containing 27.15M lbs U3O8) and the Nexgen Energy Ltd. Arrow deposit (Inferred resource: 3.48Mt @ 2.63% U3O8 containing 201.9M lbs U3O8).
Additionally, Uracan and Forum Uranium have mutually agreed to a time extension of the Clearwater Property option agreement. The date for the required expenditures has been extended from the August 18th, 2016 to December 31st, 2016. This will allow sufficient time to receive the necessary permits and carry out the planned geophysical and diamond drilling programs.
ABOUT URACAN RESOURCES LTD.
Uracan Resources Ltd. (TSX.V:URC) is a Canadian-based exploration company focused on exploring for uranium deposits in Saskatchewan and Quebec, Canada.
In July 2014 Uracan signed an agreement with Forum Uranium whereby Uracan can acquire up to a 70% interest in the Clearwater Property near the southwestern margin of the Athabasca Basin, immediately adjacent to Fission Uranium's Patterson Lake South discovery. Forum is the 100% owner of the Clearwater Property.
In early 2013, Uracan signed an agreement with UEX Corporation, whereby Uracan acquired the option to earn from UEX a 60% participating interest in the Black Lake Property along the northern margin of the Athabasca Basin. UEX currently holds an 90.69% interest in the Black Lake Project with AREVA Resources Canada Inc. ("AREVA") holding the remaining 9.31% interest.
Uracan continues to review additional opportunities worldwide to capitalize on management's exploration and financing capabilities.
Technical information in this news release has been reviewed and approved by Marc Simpson, P. Geo, a Qualified Person as defined by National Instrument 43-101 ("N.I. 43-101") standards.
ON BEHALF OF URACAN RESOURCES LTD.
"Clive Johnson" "Marc Simpson"
Clive Johnson Marc Simpson
Chairman President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Marc Simpson
President and CEO
Uracan Resources Ltd.
604-506-6996
www.uracan.ca
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking information relating to the future performance of the Company. Forward looking information is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Such risks and other factors include, among others, the actual results of exploration activities, changes in world commodity markets or equity markets, the risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes, change in government and changes to regulations affecting the mining industry, and other risks and uncertainties detailed from time to time in the Company's filings with the Canadian securities administrators (available at www.SEDAR.com ). Forward-looking statements are made based on various assumptions and on management's beliefs, estimates and opinions on the date the statements are made. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information contained herein. The Company undertakes no obligation to update forward-looking statements if these assumptions, beliefs, estimates and opinions or other circumstances should change, except as required by applicable law
File: http://www.uracan.ca/i/pdf/News/06-June 30-2016 URC Announces Closing of Private Placement.pdf
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