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Vulcan & Universal Merger Complete – Combined Company to be Renamed Altona Mining

Monday, February 22nd, 2010

Following Court and Vulcan Resources Limited shareholder approval the merger of Universal Resources Limited (ASX:URL) and Vulcan was implemented and completed on Friday 19 February 2010.
The new Board has decided to reflect the new beginning created by the merger with a new name; Altona Mining Limited. The proposed name change, together with a number of other administrative matters, will be put to a shareholders’ meeting in the near future. A notice of meeting will be despatched to shareholders shortly.
Universal’s Chairman, Mr Kevin Maloney said “We are excited to be starting a new phase of corporate development. Vulcan’s cash and its processing plant and potential copper mine developments at Outokumpu in Finland will combine with the large copper resources that Universal already has in Australia at Roseby to provide the opportunity to found a new mid-tier copper producer. 2010 will be a year of transformation and growth for the company and we look forward to reporting to shareholders throughout the year about the progress achieved in taking Universal from an exploration company to a fully fledged producer.”
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