4.8m ha Mongolian Gold and Base Metal Land 

JANUARY 17, 2003,

With the addition of 19 exploration licences, International Uranium Corporation’s (IUC) major Mongolian exploration land acquisition program initiated in March 2003 has been completed. IUC 2002 objective was to establish a significant prospective land position favourable for precious metals and copper (alone or in combination). IUC now holds 4.8 million hectares under 59 licenses.  

The Company is now compiling the extensive geo-chemical, geologic and geophysical data set it generated this season in Mongolia. Several high-ranking prospects have emerged and will be the initial focus of more detail site investigation in next year's field season. The Company office in Mongolia will be the centre of efforts to process data from the field work and to review new opportunities and specific property additions 

Ron F. Hochstein, President, International Uranium Corporation,

T:(604) 689-7842, F:(604) 689-4250, Website: www.intluranium.com