Universal Resources Limited announced positive drilling results from the Company's 100% owned Roseby Copper Project near Mt Isa in Queensland of Australia.

Results include: BCD859: 235 meters at 0.45% copper or 315 meters at 0.37% copper both from 2 meters depth using 0.1% cut off grade.

Under an Agreement dated March 11th 2005 Mt Isa Mines may earn 51% of an area beneath and around the large copper resources at Roseby by expending AUD 15 million or completing a Detailed Feasibility Study by June 30th 2012. Xstrata have advised their expenditure to February 28th 2010 is AUSD 7.5 million.

Recent drilling by Xstrata at the Blackard deposit has discovered exceptional thicknesses of modest grade copper mineralization. Grades are relatively uniform and the large intercepts are not the result of individual high grades averaged over great widths.

Dr Alistair Cowden MD of Universal said that a major driver for the recently completed merger between Vulcan and Universal was the belief that Roseby was an under appreciated copper asset with potential to become one of the larger copper deposits in Australia. This drilling is a very exciting demonstration of that potential. The merger brings Vulcan's cash and near-term earnings potential in Finland to bear on what we believe can be a much larger project.