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Press release from Marketwire

Global Uranium Fund Inc. Announces Warrants Offering

Thursday, December 09, 2010

Global Uranium Fund Inc. Announces Warrants Offering10:53 EST Thursday, December 09, 2010TORONTO, ONTARIO--(Marketwire - Dec. 9, 2010) -NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESGlobal Uranium Fund Inc. (TSX:GUR) is pleased to announce that it has filed a preliminary prospectus relating to an offering of warrants to equity shareholders of the Company. Each shareholder will receive one warrant for each equity share held on a record date which will be set upon filing of the final prospectus. One warrant will entitle the holder to purchase an equity share upon payment of the subscription price, which will be determined as the lesser of: (i) $4.12 (which is the sum of (a) the most recently calculated NAV per equity share prior to the date hereof and (b) the estimated per equity share fees and expenses of the offering), and (ii) the most recently calculated NAV per equity share prior to the date of filing the final prospectus plus the estimated per equity share fees and expenses of the offering. The Company has applied to list the warrants and the equity shares issuable on the exercise thereof on the TSX. Successful completion of the warrants offering will provide the Company with additional capital that can be used to take advantage of attractive investment opportunities and it is also expected to increase the trading liquidity of the equity shares and reduce the ongoing management expense ratio of the Company.For further information, please contact your financial advisor, call Brompton's investor relations line at 416-642-9051 (toll-free at 1-866-642-6001) or visit our website at www.bromptongroup.com.Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.FOR FURTHER INFORMATION PLEASE CONTACT: Christopher CullenBrompton Funds Management LimitedSenior Vice President(416) 642-9064