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

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Mega Uranium Ltd.
217 Queen Street West, Suite 401
Toronto, Ontario, Canada
M5V 0R2

Phone 416.643.7630
Fax 416.941.1090

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2007 News Releases

Mega Uranium Announces Closing of Twenty-Seven Capital Acquisition

February 13, 2007


Toronto, Ontario, Canada, February 13, 2007 – Mega Uranium Ltd. (MGA-TSX) (“Mega”) is pleased to announce that it has completed its acquisition of Twenty-Seven Capital Corp. (“Twenty-Seven”) (TSC-TSXV), which is now a wholly-owned subsidiary of Mega.

Pursuant to the acquisition, Mega issued 6,785,373 common shares and 3,392,188 common share purchase warrants (the “Warrants”) to the former shareholders of Twenty-Seven. Each Warrant entitles the holder to acquire one common share of Mega at a price of $6.00 per share until expiry on February 12, 2012. The Warrants will commence trading today on the Toronto Stock Exchange under the symbol MGA.WT.

As a result of the acquisition, the common shares of Twenty-Seven will be de-listed from the TSX Venture Exchange.

Twenty Seven’s primary assets are its uranium and iron-oxide copper-gold (IOCG) properties in the Wernecke Mountains of the Yukon, considered to be one of the most prospective uranium areas in Canada. The company also has interests in projects located in British Columbia, the Northwest Territories and Mexico.

Mega’s President, Mr. Stewart Taylor, stated that, “This acquisition is consistent with our objectives for strategic growth – Twenty-Seven allows us to simultaneously increase the breadth of our portfolio of exploration properties and the depth of our geological expertise, which we hope to leverage for future Canadian growth.”

Mega also issued 100,000 common shares and 50,000 common share purchase warrants to Pacific International Securities Inc., which advised Mega on the transaction. Each warrant is exercisable for one common share of Mega at a price of $6.00 per share until expiry on February 12, 2012.

About Mega Uranium

Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia, Argentina, Mongolia, Bolivia and Canada. Further information on Mega can be found on the company’s website at

Cautionary Statements

Certain statements contained in this news release constitute forward-looking information. These statements include, among others, statements regarding the acquisition of Twenty-Seven and certain expectations regarding its properties and management, and their anticipated benefits for Mega, as well as statements with respect to our beliefs, outlooks, plans, objectives, estimates and intentions. By its nature, forward-looking information is subject to inherent risks and uncertainties, including such risks and uncertainties identified in our Annual Information Form and other public filings with the Canadian securities regulatory authorities. Readers are cautioned not to place undue reliance on this information as actual results and developments may differ materially from those contemplated by the information. The forward-looking information included in this release represents our views only as at the date of this release and while we anticipate that subsequent events and developments may cause our views to change, we specifically disclaim any intention or obligation to update or revise the forward-looking information, except as required by applicable securities laws.

For further information, please contact:
Mega Uranium Ltd.
Richard Patricio, VP Corporate and Legal Affairs
Telephone: (416) 643-7630