SOURCE: Market Pulse

June 16, 2008 08:30 ET

Market Pulse Breaking News Alert for Monday, June 16, 2008: BCFT - Bancroft Uranium Announces Final Series of Significant Drilling Results!

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

ATLANTA, GA--(Marketwire - June 16, 2008) - Market Pulse News Alert for this AM, Stocks to Watch are: Bancroft Uranium Inc. (OTCBB: BCFT), Sequenom Inc. (NASDAQ: SQNM), Microsoft Corp. (NASDAQ: MSFT) and Welwind Energy International Corp. (OTCBB: WWEI).

Investors need to be watching Bancroft Uranium Inc. (OTCBB: BCFT) this AM! Bancroft Uranium is an emerging mining company focused on the exploration and development of previously identified, historically significant, yet undeveloped known uranium properties. Bancroft controls an extensive regional play totaling over 9,000 acres of mineral claims in Ontario, Canada that are prospective for uranium. 2,700 acres are currently under lease and being explored at the Monmouth Project (two hours north of Toronto). The Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers. Uranium was discovered at this prospect in the early 1950s when prices were less than $10.00 per pound. The Bancroft area is well known for its long history in uranium mining, having produced a total of 14,862,653 lbs U3O8 between 1956 and 1982 from four local mines. In 1968, an engineering report by S.W. Evans was filed as a listing prospectus to the Toronto Stock Exchange for Northern Nuclear, the owner at that time. The report estimated from drill results the potential of 2 million tons containing 0.045% (0.9 pounds per ton) or 1,800,000 pounds of U3O8. Bancroft commenced a 2008 surface diamond drilling program on February 25th that was designed to drill in areas that returned historic drill results from the 1968 program. Once the drill program is complete, engineers will undertake a geological report which will ultimately lead to a uranium resource calculation of the in-situ tons and contained pounds of uranium. The company has also begun early stage efforts in the Long Lac area and the prolific Elliot Lake Uranium camp. Recent unprecedented rises in the price of Uranium have been over $90 per pound recently with extraordinary fluctuations exceeding $135/lb. These prices reflect a 1000% increase over the past 7 years -- with most of these gains occurring within the past 2 years. Currently, 439 active reactors, 34 new power reactors are under construction and 304 plants are on order/planned or proposed. Existing global supply does not meet current demand thereby creating significant opportunities for long-term growth. The company is led by a highly skilled and experienced board with noteworthy success in managing mineral exploration projects from early stage to production. Bancroft Uranium is poised to become a significant player in the uranium industry! Bancroft Uranium just had excellent news out in a press release before today's opening bell announcing the final series of drilling results from the 2008 surface drill program conducted at the historic Monmouth Uranium Project, near Bancroft Ontario! Bancroft has now received all drilling results and third party engineers have begun calculating the uranium resource at Monmouth and so far the results have been positive! Investors should be watching this one closely!

Bancroft Uranium Inc. (OTCBB: BCFT) announces the final series of drilling results from the 2008 surface drill program conducted at the Monmouth Uranium Project, near Bancroft Ontario. The Company today is releasing assay results from the final 7 drill holes 08-41 through 08-48 as outlined below. The Company has now received all drilling results and third party engineers have begun calculating the uranium resource at Monmouth. The detailed engineering report on the Monmouth Uranium Project being prepared will comply with N.I. Policy 43-101.

This fifth in a series of drilling assays and intervals are from holes drilled over the final 200 feet of strike length exposure of the host rock skarn. In total, the combined results cover drilling conducted over 1,100 feet of strike on the deposit. Assays of 1.069lb/13.6' in the last hole drilled, 08-48, and 0.831lb/15.5' in 08-42 represent the best results from this series of holes. Significant results are as follows. Assays are noted as lb representing lbs/ton U3O8 over feet:

08-41- 0.939lb/1.1' from 263.7 to 264.8 feet, 0.830lb/2.2' from 348.5 to 350.7 feet

08-42- 0.831lb/15.5' from 368.6 to 384.1 includes a 3.773lb/2.6' at 368.6 to 371.2 feet

08-43- 1.004lb/11.6' from 97.2 to 108.8 feet; including 1.905lb/5.0' from 97.2 to 102.2 feet and 0.536lb/3.8' from 105.0 to 108.8 feet

08-44- 0.288lb/11.4' from 64.4 to 75.8 feet; 0.401lb/9.6' from 104.2 to 113.8 feet; 0.701lb/4.1' from 124.9 to 129.0 feet

08-45- 0.126lb/14.1' from 18.9 to 33.0 feet; 0.433lb/32.1'/56.3 to 88.4 feet including 1.014lb/9.7' from 56.3 to 66.0 feet and 0.256lb/14.3'from 74.1 to 88.4 feet

08-46- 0.372lb/14.9' from 89.0 to 103.9 feet including 0.613lb/7.3' from 89.0 to 96.3 feet; 0.367lb/25.8' from 125.9 to 151.7 feet including 0.447lb/17.0' from 125.9 to 142.9 feet and 0.358lb/5.2' from 146.5 to 151.7 feet

08-47- 0.474lb/43.3' from 82.0 to 125.3 feet

08-48- 1.069lb/13.6' from 13.3 to 26.9 feet

Bancroft has verified the location, thickness and flat lying geometry of the uranium bearing skarn system intersected in the historical drilling. U3O8 assays have been returned from both uraninite-bearing bright orange-colored calcite alteration in the skarn and from several pegmatite bodies in and adjacent to the skarn package. The geological modeling of the deposit is now coming into focus with the alteration zone rock package dipping at a fairly consistent 25-30 degrees, amenable to a potential open pit scenario.

All of Bancroft Uranium's exploration programs are designed and supervised by Qualified Persons ("QP") under the N.I. Policy 43-101, who ensure that programs are carried out using current industry "Best Practices". Murray McGill P.Geo (QP) supervised the spring 2008 drilling program. The NQ size core was logged by Mr. McGill and split on-site. Activation Laboratories in Ancaster, Ontario, analyzed half core samples using standard Delayed Neutron Counting (DNC) methods. Activation Laboratories employs rigorous in-house QA/QC procedures in the DNC process.

About Bancroft Uranium Inc.

Bancroft Uranium Inc. is an exploration Company which intends to develop Uranium assets in North America. Bancroft's initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers. To find out more about Bancroft Uranium Inc. (OTCBB: BCFT), visit their website at Public and Media Information: 1-877-544-7336. Shareholder and Investor Information: 1-866-860-2995.

Stocks in the news and acting well as of late include: Sequenom Inc. (NASDAQ: SQNM), Microsoft Corp. (NASDAQ: MSFT) and Welwind Energy International Corp. (OTCBB: WWEI).

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