Canam Energy Inc.

March 12, 2007 09:01 ET

Canam Energy Inc.-Signs Difinitive Grand Calumet Uranium Agreement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 12, 2007) - Canam Energy Inc. (PINK SHEEETS:CNGJ), a Delaware Corporation, announces that upon completion of its due diligence it has finalized the agreement to acquire uranium properties in the Province of Quebec, Canada. The property is comprised of 24 claims, approximately 3000 acres, in the Grand Calumet Township. The claims are strategically located approximately one quarter of a mile from the Grand Calumet Uranium Fluorite deposit which the Quebec Government historical files have calculated to have a tonnage of one million tones of Uranium Fluorite.

Canam Energy Inc. will keep it shareholders informed with further information as progress is made on the Grand Calumet uranium property and its other holdings.

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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