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Thursday, 01/15/2004 7:10:44 PM

Thursday, January 15, 2004 7:10:44 PM

Post# of 72830
URMP

Uranium Power Corporation: Private Placement Financing

VANCOUVER, British Columbia, Jan 15, 2004 (BUSINESS WIRE) -- Uranium Power Corporation (OTCBB: URMP)(DAX: URP) Thornton Donaldson, President, is pleased to report that the Company has reached agreement for a Private Placement to accredited investors as to $1,000,000 USD of which $450,000 USD has been received with the balance of funds expected before February 1, 2004. The Company will realize net proceeds of $875,000 USD after fees and legal expenses.


SOURCE: Uranium Power Corporation

Uranium Power Corporation
Steve McGuire, 800-877-1626 or 604-606-7979
or
Randal Pow, 888-858-7759 or 604-685-2300
investor@apioil.net
www.apioil.net

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