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Investors need to be watching Bancroft Uranium Inc. (OTCBB: BCFT) this AM! Bancroft Uranium is an emerging mining company focused on the exploration and development of previously identified, historically significant, yet undeveloped known uranium properties. Bancroft controls an extensive regional play totaling over 9,000 acres of mineral claims in Ontario, Canada that are prospective for uranium. 2,700 acres are currently under lease and being explored at the Monmouth Project (two hours north of Toronto). The Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers. Uranium was discovered at this prospect in the early 1950s when prices were less than $10.00 per pound. The Bancroft area is well known for its long history in uranium mining, having produced a total of 14,862,653 lbs U3O8 between 1956 and 1982 from four local mines. In 1968, an engineering report by S.W. Evans was filed as a listing prospectus to the Toronto Stock Exchange for Northern Nuclear, the owner at that time. The report estimated from drill results the potential of 2 million tons containing 0.045% (0.9 pounds per ton) or 1,800,000 pounds of U3O8. Bancroft commenced a 2008 surface diamond drilling program on February 25th that was designed to drill in areas that returned historic drill results from the 1968 program. Once the drill program is complete, engineers will undertake a geological report which will ultimately lead to a uranium resource calculation of the in-situ tons and contained pounds of uranium. The company has also begun early stage efforts in the Long Lac area and the prolific Elliot Lake Uranium camp. Recent unprecedented rises in the price of Uranium have been over $90 per pound recently with extraordinary fluctuations exceeding $135/lb. These prices reflect a 1000% increase over the past 7 years -- with most of these gains occurring within the past 2 years. Currently, 439 active reactors, 34 new power reactors are under construction and 304 plants are on order/planned or proposed. Existing global supply does not meet current demand thereby creating significant opportunities for long-term growth. The company is led by a highly skilled and experienced board with noteworthy success in managing mineral exploration projects from early stage to production. Bancroft Uranium is poised to become a significant player in the uranium industry! Bancroft Uranium just had excellent news out in a press release before today's opening bell announcing the first drilling results from the spring 2008 surface drill program being conducted at the Monmouth Uranium Project, near Bancroft, Ontario! Bancroft Uranium also said initial assays returned from the pegmatitic rocks are better than expected based on the historical work! Investors should be watching this one closely!

Bancroft Uranium Inc. (OTCBB: BCFT) is pleased to announce the first drilling results from the Spring 2008 surface drill program being conducted at the Monmouth Uranium Project, near Bancroft, Ontario. Noteworthy assay results from the first 13 holes are outlined below.

The 2008 Exploration Phase 1 drill program commenced on February 25th and was designed to focus on areas in and around the historical drill results from the 1969 program bringing it into modern N.I. Policy 43-101 compliance, a recognized world mining standard. The drilling is also designed extend the known strike length of the skarn which hosts the uranium mineralization with the aim of expanding the current estimated 1,800,000 lbs U3O8 potential at Monmouth.

Initial drill assays and intervals are from holes drilled from the most southwesterly exposure of the host rock skarn (altered limestone) and are spaced approximately 100 feet apart. Significant results are as follows. Assays are noted as lb representing lbs/ton U3O8 over feet:

08-1     0.803 lb/12.5' from 55.3 to 67.8 feet in skarn, 0.344 lb/30.5'
         from 182.1 to 212.6 feet in pegmatite and 0.805 lb/13.8' from
         276.2 to 290.0 feet in skarn including 1.02 lb/9.3' from
         280.7-290.0 feet. Visible uraninite was noted

08-5     0.139 lb/34.8' from 235.6 to 270.4 feet in pegmatite

08-6     0.466 lb/10.0' from 16.0 to 26.0 feet in pegmatite

08-7     0.291 lb/7.9' from 44.0 to 51.9 feet in skarn with visible
         uraninite

08-8     0.540 lb/60.6' from 15.0 to 75.6 feet in skarn

08-9     0.596 lb/51.9' from 31.0 to 82.9 feet including 0.315 lb/14.9'
         from 31.0 to 45.9 feet and 0.923 lb/24.5' from 51.0 to 82.9 feet
         with visible uraninite, molybdenum

08-10    0.740 lb/52.2' from 12.8 to 65.0 feet including: 0.915 lb/32.0'
         from 12.8 to 44.8 feet and 0.616 lb/15.0' from 50.0 to 65.0 feet
         in skarn with visible uraninite

08-12    0.513 lb/49.9' from 6.3 to 56.2 feet in skarn with visible
         uraninite noted

08-13A   0.332 lb/25.1' from 9.3 to 34.4 feet with visible uraninite noted

The above holes represent testing across the initial 300 feet of historical strike length which totals 1,500 feet. Early results have verified the location, thickness and flat lying geometry of uranium bearing skarn system intersected in the historical drilling. U3O8 assays have been returned from both uraninite bearing bright orange colored calcite alteration in the skarn and from several pegmatite bodies in and adjacent to the skarn package. Initial assay results from the skarn rocks appear to validate the historical data. As drill holes progress through the central portion of the deposit, the historical intersected thicknesses of the uranium bearing skarn appear to increase as do grades based on limited assay data. Initial assays returned from the pegmatitic rocks are better than expected based on the historical work.

The geological modeling of the deposit is now coming into focus with the alteration zone rock package dipping at a fairly consistent 25-30 degrees, amenable to a potential open pit scenario.

All of Bancroft Uranium's exploration programs are designed and supervised by Qualified Persons ("QP") under the N.I. Policy 43-101, who ensure that programs are carried out using current industry "Best Practices." The spring 2008 drilling program was supervised by Murray McGill P.Geo (QP). The NQ size core was logged by Mr. McGill and split on site. Half core samples were analyzed using standard Delayed Neutron Counting (DNC) methods by Activation Laboratories in Ancaster, Ontario. Activation Laboratories employs rigorous in house QA/QC procedures in the DNC process.

Bancroft will release a second batch of drill results shortly.

For inquiries from the public and media concerning the Monmouth Uranium Project please contact Greenspirit Strategies at 1-877-54 GREEN or 1-877-544-7336. For shareholder and investor information please contact investor relations at 1-866-860-2995.

About Bancroft Uranium Inc.

Bancroft Uranium Inc. is an exploration company which intends to develop Uranium assets in North America. Bancroft's initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers. To find out more about Bancroft Uranium Inc., visit the website at www.bancrofturanium.com.

Stocks in the news and acting well as of late include: Beacon Power Corporation (NASDAQ: BCON), Akeena Solar Inc. (NASDAQ: AKNS) and Voyant International Corporation (OTCBB: VOYT).

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