Mega Uranium Mining & Exploration in  Canada, Cameroon, Australia, Argentina, Bolivia, Columbia and Mongolia.

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Mega Uranium Ltd.
211 Yonge Street, Suite 502
Toronto, Ontario, Canada
M5B 1M4

Phone 416.643.7630
Fax 416.941.1090
 

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2005 News Releases

Mega Uranium Reduces Warrant Term

Toronto, Ontario, Canada, December 9, 2005 – Mega Uranium Limited ("Mega") ("MGA":TSX-V) announces that pursuant to the warrant indenture dated March 15, 2005 (the “Indenture”), the closing price of the Mega’s shares exceeded $1.50 for 20 consecutive trading days and Mega is announcing the reduction of the warrant term from September 15, 2006 to January 9, 2006, which is 30 days from the date of this release. Warrant holders are advised to complete and return their Notice of Exercise together with the appropriate funds to exercise their warrants to Equity Transfer Services Inc. Equity Transfer Services Inc., 120 Adelaide St. W., Suite 420, Toronto, Ontario, Canada, M5H 4C3, on or prior to 5:00 p.m. (Toronto time) on January 9, 2006 should they wish to exercise their warrants.

Mega is a Toronto-based resource company with a focus on uranium properties in Australia, Argentina and Mongolia. Through its Maple Minerals division, Mega also has other non-uranium property interests in Africa and Canada. For more information about Mega, please visit the company’s website at www.megauranium.com.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information, please contact:

Mega Uranium Ltd.
Sheldon Inwentash, CEO
Telephone: (416) 643-7630
info@megauranium.com
www.megauranium.com