Canam Energy Inc.
PINK SHEETS : CNGJ

March 08, 2007 09:01 ET

Canam Energy Inc.-Signs Formal Agreement for 46,825 Hectares of Mongolian Mineral Properties

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 8, 2007) - Canam Energy Inc. (PINK SHEETS:CNGJ), a Delaware Corporation, announces that it has signed the formal mineral property option agreement for five Mongolian mineral properties. The recently acquired Mongolian properties represent a total area of 46,825 hectares in a region that abounds in both base and precious metals. For a more detailed account of the mineral claims please go to our corporate website at; www.canamenergyinc.com.

Planned exploration work for these properties includes the reprocessing, preparation and interpretation of geophysical and geochemical information. Methods of assessment will include core sampling, magnetic prospecting, mountain intrusion work, core drilling, technological sampling, laboratory analysis and topographical work.

Canam Energy Inc. is a rapidly emerging mineral exploration company with a corporate 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 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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