URU Metals Limited announced that in addition, following the closure of its Johannesburg office, the Directors are announced the appointment of Price Waterhouse Coopers as the auditor of the company, with immediate effect.

URU Metals Limited announced that effective 31 January the company will be closing its Johannesburg administrative office. The decision to close the Johannesburg office was made for the sole purpose of minimizing the company's general and administrative overhead costs. The company announced the address of the company's administrative office in Toronto will be: Suite 702-85 Richmond Street West, Toronto, Ontario, Canada, M5H 2C9. The company announced as the result of the closure of the Johannesburg office, Mr. Russel Swarts, Chief Financial Officer, will be leaving the company effective 31 January. Mr. Swarts will be assisting the company on an as-needed basis through to the end of the current financial year-end on 31 March 2013 to ensure an orderly transition to his eventual successor.

URU Metals Limited reported unaudited consolidated earnings results for the six months period ended September 30, 2012. For the period, the company reported operating loss of $5,752,000, compared to $1,217,000 for the last year. Loss before income tax was $5,752,000, compared to $1,217,000 for the last year. Loss attributable to owners of the company was $5,755,000 or 0.05 cents per diluted share, compared to $1,217,000 or 1.08 cents per diluted share for the last year. Net cash used in operating activities was $1,057,000, compared to $1,044,000 for the last year.