SOURCE: Market Pulse

November 09, 2007 08:30 ET

Market Pulse Breaking News Alert for Friday, November 9, 2007: URA -- Anglo-Canadian Uranium Announces Colorado Uranium Drill Program Commenced on Former Producing Property!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA--(Marketwire - November 9, 2007) - Market Pulse News Alert for this AM, Stocks to Watch are: Anglo-Canadian Uranium Corp. (TSX-V: URA), First Solar Inc. (NASDAQ: FSLR), Coeur d'Alene Mines Corp. (NYSE: CDE) and Evergreen Solar Inc. (NASDAQ: ESLR).

Investors need to be watching Anglo-Canadian Uranium Corp. (TSX-V: URA) this AM! Anglo-Canadian Uranium Corp. and its wholly owned subsidiary Anglo-Canadian Gold Corp. are aggressive exploration and development companies focused on natural resource opportunities in Canada and the United States. The company's focus is to acquire uranium and gold deposits in strategic locations through acquisition and option arrangements, and further develop these projects with experienced management teams. The company's current projects include uranium projects located in Colorado, Utah, New Mexico and Quebec, and gold and base metals projects in British Columbia. URA will continue to be a leader in these regions and views its strategic exploration programs as the next step in maintaining and enhancing shareholder value. World production of electricity from nuclear power is increasing. There are currently 440 nuclear power reactors located in 31 countries, and an additional 29 are being constructed in 11 countries. The World Nuclear Association reports that at least 8 countries with nuclear power programs (China, Finland, France, India, Japan, Pakistan, Russia and South Korea) have plans to build new power reactors beyond those already under construction. In total, about 35 more nuclear power plants are being planned, with a similar number being proposed. Nuclear power accounts for approximately 18% of the world's electricity. Increasing demand for power has driven uranium prices from $7.50 lb in 2002 to $85.00 lb today. Experts are generally forecasting spot prices in the future to go as high as US$100.00 lb. If the price of uranium increases significantly as many experts predict, the share prices of companies which produce/explore for uranium will likely increase as well. This coupled with gold prices topping $800 an ounce creates an opportunity to participate in this emerging growth company. Anglo-Canadian Uranium Corp. is poised to become a significant player in the uranium and gold exploration industries! Anglo-Canadian Uranium just had excellent news out in a press release before today's opening bell announcing that their Colorado uranium drill program has commenced! The company also said the 20,000 foot drill program underway is on a former producing property! Investors should be watching this one closely!

Anglo-Canadian Uranium Corp. (TSX-V: URA) is pleased to announce the commencement of a 20,000 foot uranium drill program for the company's Eula Belle Project, located in Montrose County, Colorado. This drill program will take place in the Uravan Mineral Belt of Colorado, and will drill test two (2) 25 hole cluster drill outs bordering the King claims. This prospective area lies between the Eula Belle mine and King Solomon mine, both former producing uranium and vanadium mines. It is expected that this drill program will consist of 25 holes, all of which will be completed by the company's Colorado mining contractor and supervised by Mr. Norbert Jerome, geologist, the company's Uranium consultant based in Colorado and recent appointee to the Company's Advisory Board.

The Eula Belle Uranium Project contains the Eula Belle Uranium / Vanadium Mine which produced 1,485,550 pounds of U3O8 and 5,234,387 pounds of vanadium (V205) from 1961 to 1974 and the King Uranium Project, covering two hundred and fifty claims. Both projects are located near a Department of Energy mineral reserve and the King Solomon Uranium / Vanadium mine that produced 3,172,420 pounds of U3O8 and 16,223,095 pounds of vanadium from 1974 to 1983.

In the past practice of "fence" drilling, it was common to drill a hole approximately every 500 feet (150 m). If mineralization was encountered, additional holes were drilled 40 - 50 feet apart (a cluster). The objective of this drill program is to verify the existence of uranium mineralization in these two 25 hole drill clusters.

The King uranium claims have been permitted for drilling. A seismic survey, similar to that used by other uranium companies, will be conducted. This seismic procedure has proved successful in identifying uranium in the Athabasca Basin, Saskatchewan. Once the survey is completed on the King claims, a drill program will be initiated.

About Anglo-Canadian Uranium Corp.

Anglo-Canadian is an aggressive uranium and gold exploration company with several properties located in Canada and the United States. The company's current projects include uranium projects located in Colorado, Utah, New Mexico and Quebec, and gold and base metals projects in British Columbia. The Company's focus is to acquire uranium and gold deposits in strategic locations through acquisition and option arrangements, and further develop these projects with experienced management teams.

For more information on the company and its projects, please visit the website at www.anglocanex.com

Stocks in the news and acting well as of late include: First Solar Inc. (NASDAQ: FSLR), Coeur d'Alene Mines Corp. (NYSE: CDE) and Evergreen Solar Inc. (NASDAQ: ESLR).

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