Grant of Options

For immediate release

28 February, 2013

URU Metals Limited

Grant of Options

The Board of Directors of URU Metals Limited ("URU Metals" or "the Company") announced that on 27 February 2013 it awarded 3,250,000 options over ordinary shares of US$0.01 in the Company ("Options") to certain Directors and employees of URU Metals. The Options may not be exercised later than the third anniversary date of the grant, and are exercisable at 3.375 pence per share, being the mid-market closing price of the Company's ordinary shares of US$0.01 each on 27 February 2013.

Mr. Subotic and Mr. Vieira were awarded stock options for their efforts in securing the Nueltin Lake Option (see URU Metals RNS announcement of 6 February, 2013) and in assisting management in their review of several opportunities that have been reviewed and evaluated by the Company over the past several months.

The Options have been awarded as follows:

With this grant, the total options outstanding for the company will now be 11,533,334, which represents 10.2% of the Company's current 113,276,722 outstanding shares.

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