SOURCE: Bancroft Uranium Inc.

June 19, 2008 09:00 ET

Bancroft Uranium Updates N.I. 43-101 Report Progress

SCOTTSDALE AZ--(Marketwire - June 19, 2008) - Bancroft Uranium Inc. (OTCBB: BCFT) ("Bancroft" or the "Company") today wishes to update the progress of the ongoing third-party engineering report on the Monmouth Uranium Project, which is being prepared under compliance with N.I. 43-101 standards.

The Company has been informed that the progress of the report is proceeding well and that an initial draft will be made available to management by next week. The final report, which will be filed with regulatory agencies and released to the public, is expected in approximately 3 weeks; or the end of the first week of July. The resource calculation is near completion and the final report conclusions and recommendations are now underway.

Bancroft is pleased with the progress and the professionalism of the engineering group authoring the report and will endeavor to keep the public apprised of the progress towards completion and will release the findings when the final report has been made available for filing.

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.

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.

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