January 15, 2008 16:04 ET

eResearch Initiates Coverage on Anglo-Canadian Uranium Corp. With Speculative Buy Rating and Target Price of $0.35

TORONTO, ONTARIO--(Marketwire - Jan. 15, 2008) - Another Athabasca Basin? The Otish Mountains in Quebec provide investors with an opportunity to participate in a largely untapped emerging uranium exploration region - at bargain prices. Following the recent 3.48 million pound uranium discovery by Strateco, companies are rushing to stake claims in the region, and Anglo-Canadian Uranium Corp. is ahead of the pack.

Anglo-Canadian Uranium Corp. (TSX VENTURE:URA) is an early-stage exploration company, with primarily gold and uranium resources. The Company owns five gold properties in British Columbia, and 13 uranium properties in Quebec and the "Four Corners" region of the USA. The Four Corners comprise the area where four states - Colorado, Utah, New Mexico, and Arizona - meet.

eResearch analysts, Asim Bukhtiar, B.Sc., MBA, CFA, and Bob Weir, B.Sc., B.Comm., CFA have set a one-year Target Price of $0.35 per share in their recently-released Initiating Report. The Recommendation is Speculative Buy.

The Analysts state: "We see the supply-demand imbalance for nuclear fuel increasing as 32 new reactors come online. Further, the push for clean energy and the reduction of CO2 gases, coupled with record oil prices, will see uranium emerge as an increasingly attractive alternative energy source."

This Press Release was prepared by eResearch and was not vetted by Anglo-Canadian Uranium Corp. Further, the Recommendation and Target Price contained in this report are strictly those of eResearch and, due to securities laws, are not endorsed by Anglo-Canadian Uranium Corp.

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Anglo-Canadian Uranium Corp. paid eResearch a fee of C$20,000 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

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