Agoracom

UC: TSX-V

September 1, 2008

• Initially discovered in 2002 by Spider Resources Inc., KWG Resources Inc. and De Beers Canada Exploration Inc

• Initial massive sulphide discovery was in a reverse circulation drill hole.

• Sample from this hole contained 1.6% copper over 8 meters, and ended in sulfides. This discovery became the site of McFauld's#1 VMS occurrence.

• McFauld's#1 (16 holes drilled to date, 4,720 meters)-Oct 23, 2003: SP3-03-007 intersected 8 meters averaging 1.6% Cu •-May 21, 2003: McF-03-08 intersected 5.68 meters averaging 3.39% Cu, followed •by 4.1 meters averaging 7.64% Zn. •-April 9, 2003:McF-03-01 undercut SP3-03-007 intersected 1.43% Cu over 8.9 m, followed by 1.79% Zn over 4.7 m.

McFauld's VMS Project Update

UC Resources is announced that the Company has signed a management contract with Billiken Management Services of Toronto, this includes a 2500 metre initial drill program. Billiken will be responsible for all exploration activities in the James Bay Lowlands "Ring of Fire" exploration program including line cutting, geophysics, and drilling. This contract represents the continuation of the UC Resources Option Agreement 55% earn-in into the McFaulds Lake East and West property packages of Spider Resources Inc. and KWG Resources Inc. Line cutting has been completed on seven targets and ground geophysics is currently being completed on the last four of these anomalies. Results from the fist three targets are very encouraging, and two of the three will be drilled as high priority targets with the third being left for a later date.

Exploration Update - Copalquin

Although the property is somewhat remote and the terrain is challenging, nonetheless, the company successfully completed a number of drill holes, and the regional exploration work continues in the area. However the company is encouraged by the announced drill and assay results from the recent program on the La Soledad vein system.

La Yesca Production

As announced in the January 17, 2008 press release, the La Yesca mill is being totally revamped after a major re-design. It's expected the company will start mill testing and training personnel in August, 2008. There are pictures of the progress available on the UC Resources website and investors are encouraged to view progress at www.ucresources.net. The company remains very optimistic that La Yesca has the potential to be a beneficial venture and certainly is a key component in the strategic development of UC Resources Ltd.