Vanadian Energy Corp. (URCFF)

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Uracan Announces Closing Of Its Previously Announced Financing Of $650,000

December 19, 2006

Vancouver, Canada -- Uracan Resources Ltd. (the "Company") is pleased to announce that it has closed its non-brokered private placement of 1,000,000 units with Sprott Asset Management at a price of $0.65 per unit for total proceeds of $650,000.

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.

For further information please contact

Gordon Keep
President and Director
[phone]