11:57 AM EST - Urex Energy Corporation : reports that uranium mineralization discovered on the Company's Carbon Project lies at average depth of 29 meters below the surface and is potentially exploitable by surface mining methods. The Carbon project lies three kilometers east of Comision Nacional de Energia Atomica's Cerro Solo uranium deposit. Cerro Solo is located in southern Argentina within the Province of Chubut approximately 250 kilometers west of the city of Trelew, a major trading and transportation center on Atlantic Ocean. Thirty-seven holes were drilled in this region last year, one of which returned a peak uranium value of 5.74 lbs/ton. Urex Energy Corporation
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