Blog by Ultra Resources Corp.

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Financing Closed

March 22, 2011: Ultra Uranium Corp. (“Ultra”) (TSX.V-ULU) is pleased to announce it has closed its previously announced private placement of 7,272,727 units at $0.055 per unit raising a total of $400,000. Each unit consists of one common share and one transferable warrant entitling the holder to purchase one additional share for a period of five years at a price of $0.10 per share. The units are restricted from trading until July 10, 2011. Click here for pdf version.

Ultra’s common shares are listed and called for trading on the TSX Venture Exchange with the trading symbol “ULU”. Information on Ultra can be accessed at www.ultrauranium.com.

ULTRA URANIUM CORP.

PER: “James Boyce”

James Boyce, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.