Canam Energy Inc.

March 19, 2007 09:01 ET

Canam Energy Inc.-Recent Market Activity Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 19, 2007) - Canam Energy Inc. (PINK SHEETS:CNGJ). The Corporation would like to provide a statement regarding the Company's recent market activity, the recent drop in price and the possibility of short selling of the Company's common stock.

The Corporation believes that the recent market activity has no correlation to its underlying fundamentals. Given the recent volatility and subsequent decline of the stock price, the Corporation has taken action that it believes will clarify the situation for its shareholders. The company will obtain a Non-Objecting Beneficial Owner List (NOBO) from ADP Investor Communications and a current Depository Trust Corporation (DTC) Shareholder Position Report (a "DTC Sheet") to match against the NOBO List. If necessary, the company will hire a forensic accountant to fully investigate if there are any discrepancies in these reports.

We hope this information addresses certain questions and will keep its shareholders informed with further information as it becomes available. The Corporation would also like to thank its shareholders for their continued support.

Canam Energy Inc. is a publicly traded exploration company with a mandate to define and explore mineral properties worldwide. The company will acquire highly prospective properties, predominately uranium, which offer the opportunity for expansion and development. Canam Energy Inc. currently has properties in Quebec, the Sudbury Basin in Ontario and Mongolia.

Cautionary Statement Pursuant to Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this news release.

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