Mr. Paul Gorman reports

TRACTION URANIUM ANNOUNCES PROPOSED SHARE CONSOLIDATION

Traction Uranium Corp.'s board of directors has approved a consolidation of the common shares of the company on a one-for-10 basis. The company has 92,609,126 common shares outstanding, and, if completed, the proposed consolidation would reduce the issued and outstanding common shares to approximately 9,260,912 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.

In addition, the company announces the resignation of Linglin Chu as a director of the company. The company thanks Mr. Chu for his services to Traction.

About Traction Uranium Corp.

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

We seek Safe Harbor.