SOURCE: Bancroft Uranium Inc.

July 15, 2008 13:47 ET

Bancroft Uranium Hires the Investor Relations Group

Emerging Mining Company to Initiate Active Investor and Media Outreach

SCOTTSDALE, AZ--(Marketwire - July 15, 2008) - Bancroft Uranium Inc. (OTCBB: BCFT) (www.bancrofturanium.com), an emerging mining company focused on the exploration and development of previously identified and undeveloped uranium properties, has retained the Investor Relations Group (IRG) to serve as its investor relations and public relations firm, in order to achieve greater recognition in the financial and media communities.

IRG, a thirteen-year-old, highly recognized corporate communications firm, will strive to increase Bancroft's public exposure among investors and the media-at-large through a targeted campaign. On the investor relations front, IRG will use its proprietary database of micro-cap investors and employ competitive analysis strategies to properly introduce Bancroft to targeted members of the investment community through pre-qualified one-on-one introductions, e-mails to professionals that have opted-in to receive communication, interviews, and standard traditional outreach. In the public relations arena, IRG will strive to educate audiences of editors, writers, and producers of local and national trade and consumer print, radio, online and broadcast media outlets, about Bancroft's services and its role in the market.

"We are pleased to welcome Bancroft Uranium to the IRG family," said John McGonegal, Executive Vice President of IRG. "We look forward to partnering with them during this exciting time in their corporate development."

Bancroft Uranium controls an extensive regional play totaling over nine thousand acres in Ontario, Canada, that are prospective for uranium. Bancroft currently has a portfolio of uranium projects assembled under development, including its lead project, the Monmouth deposit in Central Canada's Province of Ontario. The Monmouth Project is intended to be a low cost, open pit uranium producer located close to infrastructure and end product buyers.

"This is an important time in our growth and development," said Paul Leslie Hammond, Chief Executive Officer of Bancroft. "A recent engineering report on the initial 20% of our Monmouth Project, which was prepared under compliance with N.I. 43-101 standards, concluding that the property area reviewed has an inferred resource of seven hundred thousand pounds, verifies the company's significant potential. We look forward to embarking upon our relationship with IRG, one that will focus on building awareness and communicating our growth and objectives to the investment community and media-at-large."

ABOUT BANCROFT URANIUM INC. (OTCBB: BCFT)

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.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our uranium properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD
Bancroft Uranium Inc.
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P. L. Hammond, C.A.
President and Chief Executive Officer

To find out more about Bancroft Uranium Inc. (OTCBB: BCFT), visit our website at www.bancrofturanium.com.

Contact Information

  • Contact:

    Shareholder and Investor Information:
    1-866-860-2995

    The Investor Relations Group
    212-825-320
    Investor Relations:
    Rachel Colgate
    Email Contact
    or
    Michael Crawford
    Email Contact
    or
    Media Relations:
    Susan Morgenbesser
    Email Contact