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TORONTO, ONTARIO--(Marketwire - July 9, 2010) - Mega Uranium Ltd. ("Mega" or the "Company) (TSX:MGA) announces that Larry Goldberg, the Company's Chief Financial Officer, has resigned effective August 15, 2010 to pursue other business interests.

While the Company undertakes a search for Mr. Goldberg's replacement, Gerry Feldman, C.A., will assume the role of Chief Financial Officer upon Mr. Goldberg's departure. Mr. Feldman is currently Chief Financial Officer of Brownstone Ventures Inc. and is a senior officer and director of other TSX and TSX Venture Exchange-listed issuers. Mr. Feldman's experience includes many years as a senior partner in a number of accounting firms where he provided consulting services to clients, specializing in audits of public companies (including Mega) and securities and mutual fund dealers.

"Larry has been with the Mega since its move into the uranium market in 2005 and has been a valuable contributor to our team and to Mega's growth", said Sheldon Inwentash, Chief Executive Officer. "We are very appreciative of his dedication to Mega and wish him all the best in his future endeavours."

ABOUT MEGA URANIUM

Mega Uranium Ltd. is a Toronto-based mineral resources company with interests in uranium properties in Australia, Canada and Cameroon. Further information on Mega can be found on the company's website at [ www.megauranium.com ]. Mega Uranium's Ben Lomond and Maureen uranium resources are subject to a Queensland State Government policy that presently prohibits the mining of uranium.