UrAmerica

Urex Energy Corp Completes Sale Of Argentine Subsidary (10.02.2010)

Please find attached Urex Energy Corp's recent Press Release about UrAmerica

February 10, 2010
Urex Energy Corp Completes Sale Of Argentine Subsidary

February 10, 2010 - Reno, Nevada -- Urex Energy Corporation (the "Company" or "Urex") (OTCBB: URXE) reports that it has completed the sale of its 100% owned Argentine subsidiary, United Energy Metals SA (UEM), to Patagonia Resources Ltd., a corporation domiciled in the British Virgin Islands.

The Company signed a Letter of Intent with UrAmerica Ltd of London, U.K. for the sale of its Argentine subsidiary, United Energy Metals SA (UEM), which was reported in a news release dated December 1, 2009. UrAmerica Ltd., U.K., transferred the acquisition rights of United Energy Metals S.A. to Patagonia Resources Ltd.

The agreement provides for a US $500,000 cash payment to Urex with UrAmerica assuming a maximum liability of US $275,000 for the outstanding UEM debts.