Anglo-Canadian Uranium Corp.
TSX VENTURE : URA

Anglo-Canadian Uranium Corp.

November 14, 2006 09:00 ET

Anglo Canadian Uranium Corp.: Grants Uranium District Acquisition

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2006) - Anglo Canadian Uranium Corp. (TSX VENTURE:URA) (the "Company") is pleased to announce the acquisition of a 100% interest in 134 mineral claims located on La Jara Mesa in Cibola County in the Grants Mining District located near Grants, New Mexico. These claims, known as the Holley claims, consist of 3200 acres located in the San Mateo Mountains, and were previously owned by Homestake Mining Company. The property area is located within 4 miles of the Marquez Uranium mine, which produced 656,000 tons of ore at a grade of 0.26% uranium. A number of drill programs have taken place in the project area during 1967-71 (Homestake / UNC joint venture), 1974 (Gulf Mineral Resources), 1980-83 (Midas International) and 1983 (Homestake). In addition to the most recent drill program, Homestake also owned a processing facility which has subsequently been reclaimed by another party. Homestake completed extractive metallurgical and amenability tests at the nearby Homestake Mill (alkaline leach tests) and at the Kerr McGee Nuclear Corporation Mill (acid leach tests) located in the Grants District. These tests determined that the mineralization would readily leach with acid and recoveries averaging 90% were achieved. This area ceased mining in the late 1970's and early 1980's when the price of uranium dropped and production was not economic.

The Grants Mining District produced 270 million pounds of uranium from 1950 to 1978, making it one of the biggest producing regions in the world at that time. The Company continues to evaluate and acquire prospective uranium and vanadium projects located in the Four Corners Region of the United States, with key management personnel visiting the region this week. A number of core business strategies will be addressed including discussions with current and prospective joint venture candidates, development programs to be conducted with exploration and development companies in the area, and visits to additional potential uranium / vanadium properties in the Four Corners region.

Terms

This acquisition will be facilitated through the payment of US $26,000, the issuance of 200,000 common shares of the Company, and a 2% NSR upon approval of the TSX Venture Exchange. The vendor also has the option to buy back each 1% of the NSR for US $300,000.

The technical portion of this release has been approved by James A.Turner. P.Geo., a qualified person under NI 43-101. With regard to the historical resource estimates referred to in this news release and details regarding the location of these historical resources, the Company considers them to be relevant but not to NI 43-101 standards.

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.

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.

Contact Information