SOURCE: Market Pulse

May 05, 2008 08:30 ET

Market Pulse Breaking News Alert for Monday, May 5, 2008: BCFT -- Bancroft Metallurgical Test Results Show Excellent 91.4% Recovery of Uranium at Historic Monmouth Project!

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

ATLANTA, GA--(Marketwire - May 5, 2008) - Market Pulse News Alert for this AM, Stocks to Watch are: Bancroft Uranium Inc. (OTCBB: BCFT), Yahoo! Inc. (NASDAQ: YHOO), Sunovia Energy Technologies, Inc. (OTCBB: SUNV) and DryShips, Inc. (NASDAQ: DRYS).

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 bell announcing a report on metallurgical testing conducted by SGS Lakefield Research on samples submitted from the historic Monmouth Uranium Project, Bancroft, Ontario! Their report concludes that 91.4% recovery of the uranium can be achieved through simple gravity separation! Investors should be watching this one closely!

Bancroft Uranium Inc. (OTCBB: BCFT) is pleased to report on metallurgical testing conducted by SGS Lakefield Research on samples submitted from the Monmouth Uranium Project, Bancroft, Ontario.

Metallurgical tests on samples of the uranium-bearing Monmouth rock were conducted by SGS Mineral Services Laboratory at Lakefield, Ontario. Their report concludes that 91.4% recovery of the uranium can be achieved through simple gravity separation. The optimal grind of the soft limestone host rock is 348 microns or 0.3mm in size. SGS also concludes that "uranium was effectively concentrated by gravity separation" and was concentrated into a commercial grade of 31% from the initial mass of 0.11%. These results far exceed the gravity separation and heavy liquid test work conducted by Lakefield Research in 1969 which showed an 82.1% recovery and a 7.75% concentrate. The objective of the program has established that modern milling techniques will deliver results significantly greater than previously identified.

The conclusions of SGS are as follows:

"Bancroft Uranium Inc. provided a sample of ore from the Bancroft/Madoc area, which was crushed to -10 mesh and split into 10kg charges. These charges were used in three tests, exploring the effect of crush/grind size on gravity separation. The Wilfley, Mozley, Knelson, and superpanner equipment was used in these tests in order to upgrade the uranium. The sample demonstrated an excellent response to gravity separation, attaining a recovery of 91.4% U3O8 at a grade of 31.0% U3O8 in 0.11% of the mass, from the test conditions."

Future test work was recommended including spiral concentrators and grinding variations to achieve optimal milling techniques. Various flow sheets have been prepared, one of which is a simple gravity milling proposal that can be used by the company in future planning. In all, the results on the Monmouth ore testing far exceeded Bancroft's expectations.

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.

Stocks in the news and acting well as of late include: Yahoo! Inc. (NASDAQ: YHOO), Sunovia Energy Technologies, Inc. (OTCBB: SUNV) and DryShips, Inc. (NASDAQ: DRYS).

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