SOURCE: Market Pulse

June 09, 2008 08:45 ET

Market Pulse Breaking News Alert for Monday, June 9, 2008: BCFT -- Bancroft Uranium Reviewing Potential Southern Africa Uranium Acquisitions!

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

ATLANTA, GA--(Marketwire - June 9, 2008) - Market Pulse News Alert for this AM, Stocks to Watch are: Bancroft Uranium Inc. (OTCBB: BCFT), Tumbleweed Communications Corp. (NASDAQ: TMWD), Yahoo! Inc. (NASDAQ: YHOO) and National Semiconductor Corp. (NYSE: NSM).

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 that the company is in the process of reviewing potential acquisition opportunities in Southern Africa! Bancroft Uranium also said the uranium prospects in Namibia are excellent and Namibia is forecast to be the world's leading exporter of uranium by 2015! Investors should be watching this one closely!

Bancroft Uranium Inc. (OTCBB: BCFT) announces that the Company is in the process of reviewing potential acquisition opportunities in Southern Africa.

Bancroft President Paul Leslie Hammond and the Company engineering team have just returned from three week property evaluation trip to Africa. Primarily, Bancroft representatives were reviewing the potential for participation in a uranium development project in Namibia. In addition, the Company also reviewed the possibility of entering into other commodity projects in South Africa and Zimbabwe. These commodity projects related to gold, platinum, manganese and coal.

Mr. Hammond stated that he was “extremely pleased with the quality and quantity of the opportunities presented to the Company in Southern Africa. The overall potential of being able to acquire a large project at reasonable cost is great. The uranium prospects in Namibia are excellent and Namibia is forecast to be the world’s leading exporter of uranium by 2015.”

Bancroft will continue to update the public on these recent developments following the culmination of the current, ongoing negotiations with other parties.

For inquiries from the public and media concerning the Monmouth Uranium Project please contact Greenspirit Strategies at 1-877-54 GREEN or 1-877-544-7336. For shareholder and investor information please contact investor relations at 1-866-860-2995.

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 www.bancrofturanium.com.

Stocks in the news and acting well as of late include: Tumbleweed Communications Corp. (NASDAQ: TMWD), Yahoo! Inc. (NASDAQ: YHOO) and National Semiconductor Corp. (NYSE: NSM).

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