Vanadian Energy Corp. (URCFF)

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Uracan Announces $4 Million Financing
November 27, 2006

Vancouver, Canada, -- Uracan Resources Ltd. (the "Company") is pleased to announce a private placement of 5,000,000 flow through units ("FT Units") at a price of $0.60 per FT Unit and 1,650,000 non flow through units ("NFT Units) at a price of $0.60 per NFT Unit for total gross proceeds of $3,990,000.

Each FT Unit will consist of one flow through common share ("FT Share") and one half of a common share purchase warrant. Each NFT Unit will consist of one common share and one whole common share purchase warrant. Each whole share purchase warrant entitles the holder to acquire one common share of the Company at a price of $.80 for two years from closing.

The proceeds from the private placement will be used by the Company to further advance its exploration work programs in Quebec and Saskatchewan and for general working capital purposes.

The Company may pay a finder's fee upon closing.

Closing of the financing is subject to all required regulatory approvals, including acceptance for filing by the TSX Venture Exchange.

For further information please contact:
Gordon Keep
President & Director
Phone: [phone]