Anglo-Canadian Uranium Corp.
TSX VENTURE : URA

Anglo-Canadian Uranium Corp.

December 06, 2006 09:00 ET

Anglo Canadian Uranium Corp.: Colorado Uranium/Vanadium Claims Acquired

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 6, 2006) - Anglo Canadian Uranium Corp. (TSX VENTURE:URA) (the "Company") is pleased to announce the acquisition of 41 uranium / vanadium claims consisting of 820 acres located in the Colorado Plateau district. These claims, known as the Gunslinger claims, are located on Outlaw Mesa in Mesa County, Colorado. The claim area lies beneath Potato Mountain, which rises approximately 400 feet above the Mesa, and is surrounded on three sides by Department of Energy uranium land reserves. Atomic Energy Commission records show that various mines operated in the immediate area, including the G1 and G2 uranium / vanadium mines, which produced 165,397 tons averaging 0.25% U3O8 and 1.09% Vanadium from 1950 to 1960. These claims are also in close proximity to a number of historically producing mines in the Potato Mountain region previously operated by Vanadium Corporation of America, Worcester mines, and Union Carbide from 1948 to 1962, with historical production of 253,703 tons ranging from 0.22% U3O8 to 0.42% U3O8 and 1.43% to 1.80% Vanadium. All mines in the project area produced from surface to 250 feet below surface. This acquisition further complements the company's existing portfolio of uranium / vanadium projects in the Four Corners Region of the United States, and enhances its emergence as a major uranium company in the region. As part of the Company's strategy of developing its current projects, the Company is in the process of applying for drilling permits in its claim areas.

Terms

Terms of this agreement call for the initial payment of US $20,000, US $7,000 in Bureau of Land Management fees, and the issuance of 60,000 shares in the capital of the Company upon TSX Venture Exchange approval. In addition to this compensation a 2% NSR is included.

About Anglo-Canadian Uranium Corp.

Anglo-Canadian is an aggressive uranium and gold exploration company with several properties located in Canada and the United States. The Company's current projects include uranium projects located in Colorado, Utah, New Mexico and Quebec, and gold and base metals projects in British Columbia. The Company's focus is to acquire uranium and gold deposits in strategic locations through acquisition and option arrangements, and further develop these projects with experienced management teams.

For more information on the Company and its projects, please visit the website at www.anglocanex.com

ON BEHALF OF THE BOARD OF DIRECTORS:

Len J. Harris, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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