Anglo-Canadian Uranium Corp.
TSX VENTURE : URA

Anglo-Canadian Uranium Corp.

December 07, 2006 09:00 ET

Anglo-Canadian Uranium Corp.: Princeton Assay Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 7, 2006) - Anglo Canadian Uranium Corp. (TSX VENTURE:URA) (the "Company") and its wholly owned subsidiary Anglo Canadian Gold Corp. is pleased to announce partial results from its recent sampling program at the Princeton, B.C. Copper / Gold / Palladium Project. These results were collected from a recent prospecting program conducted by company geologists and consultants. Sampling results were assayed by ACME Analytical Laboratories of Vancouver, B.C. Highlights from this program include samples of 43% Copper (Cu), 28.16 g/t Gold (Au), and 18.19 g/t Palladium (Pd), a 3 metre chip sample from this showing revealed 15.76 % Copper, 12.26 g/t Gold an greater than10 g/t Palladium. A partial summary of this sampling program is included in the table below. The Company has been actively drilling the Princeton Project since October, with nine (9) holes completed and more planned for the next exploration period as weather permits.

These high grade samples come from an area known as the Friday Creek Showing. The showing consists of massive bornite outcrops within a syno-diorite. This diorite is in contact with a Monzonite that is intruded by a pyroxinite to dunite dyke. The dyke has been explored in the past but has not been adequately sampled for either gold or PGM's. The dyke covers an area of 100-200m wide by an indeterminate length. The above sample results reveal a potential for hosting gold and palladium. Approximately 1.5 km further to the north-west, near highway #3 the Platinum claims hold Porphyry Cu-Au-Pd potential. No samples are available from this area and diamond drilling is ongoing.

Approximately 2 km to the south east on the east side of the Similkameen River lies the Rico Showing. This showing consists of massive to semi-massive phyrrotite and pyrite in Nicola group siltstones and chert. Gold and copper values range from 0.2 - 24g/t Au and 0.2 - greater than 1% Cu. Geophysics and drilling is planned for this existing target.

Management views these results as extremely positive, and will continue its drill program as weather permits. The Princeton Project lies approximately 5 km south of the Newmont Ingerbell mine. This mine operated for over 20 years with the final year of production producing 40,545,000 pounds of copper, 83,500 ounces of silver and 27,000 ounces of gold. Historically, the Princeton region has been a prolific copper-gold producing area.



Complete Sampling Results

------------------------------------------------------------------------
Sample # Copper Gold Palladium
(Cu)- % (Au)- g/t (Pd)- g/t
------------------------------------------------------------------------
Grab mafic dyke 19586 18.213 28.18 18.19
------------------------------------------------------------------------
Grab mafic dyke 19587 2.302 11.67 3.49
------------------------------------------------------------------------
Grab mafic dyke 19588 1.169 1.12 0.60
------------------------------------------------------------------------
Pyritic rock,bornite 19596 43.51 2.158 greater than 10
------------------------------------------------------------------------
Semi massive bornite
in mafic dyke 19598 16.879 1.813 .088
------------------------------------------------------------------------
Grab in mafic dyke 19684 3.074 2.039 2.936
------------------------------------------------------------------------
High grade bornite 19685 43.340 0.440 greater than 10
------------------------------------------------------------------------
3 metre chip of above
showing 19686 15.759 12.266 greater than 10
------------------------------------------------------------------------
10 cm K-spar
alteration in
mafic dyke 465901 5.428 1.189 3.193
------------------------------------------------------------------------
Biotite granite
10-15 cm 465902 8.751 4.955 6.623
------------------------------------------------------------------------
Calcite vein in mafic
dyke 465903 1.98 0.129 0.134
------------------------------------------------------------------------
Trench 300 m north
of previous sample 465904 2.498 4.989 2.196
------------------------------------------------------------------------
Rico showing, grab greater
from outcrop 465908 than 1% 4.807 .005
------------------------------------------------------------------------
Pan concentrate from
Friday Creek 465914 0.165 24.82 0.28
------------------------------------------------------------------------
120 metres
downstream from
previous sample 465915 0.013 0.47 0.58
------------------------------------------------------------------------
225 metres
downstream from
previous sample 465916 0.257 5.94 0.55
------------------------------------------------------------------------
As above with
magnetics 465917 0.019 0.19 0.02
------------------------------------------------------------------------


All assay labs are extremely busy. Only partial drill hole results have been received. Pertinent sections will be reported when full results are in.

The technical portion of this release has been approved by James A.Turner. P.Geo., a qualified person under NI 43-101.

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:

Leonard 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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