SOURCE: Market Pulse

June 19, 2008 08:45 ET

Market Pulse Breaking News Alert for Thursday, June 19, 2008: BCFT - Bancroft Uranium Updates N.I. 43-101 Report Progress and Report Is Proceeding Well!

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

ATLANTA, GA--(Marketwire - June 19, 2008) - Market Pulse News Alert for this AM, Stocks to Watch are: Bancroft Uranium Inc. (OTCBB: BCFT), MEDecision Inc. (NASDAQ: MEDE), Ivanhoe Energy Inc. (NASDAQ: IVAN) and Qualcomm Inc. (NASDAQ: QCOM).

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 an update on the progress of the ongoing third-party engineering report on the Monmouth Uranium Project which is being prepared under compliance with N.I. 43-101 standards! Bancroft has been informed that the progress report is proceeding well! Investors should be watching this one closely!

Bancroft Uranium Inc. (OTCBB: BCFT) wishes to update the progress of the ongoing third-party engineering report on the Monmouth Uranium Project which is being prepared under compliance with N.I. 43-101 standards.

The company has been informed that the progress of the report is proceeding well and that an initial draft will be made available to management by next week. The final report which will be filed with regulatory agencies and released to the public is expected in approximately 3 weeks; or the end of the first week of July. The resource calculation is near completion and the final report conclusions and recommendations are now underway.

Bancroft is pleased with the progress and the professionalism of the engineering group authoring the report and will endeavor to keep the public apprised of the progress towards completion and will release the findings when the final report has been made available for filing.

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., visit the website at www.bancrofturanium.com.

Stocks in the news and acting well as of late include: MEDecision Inc. (NASDAQ: MEDE), Ivanhoe Energy Inc. (NASDAQ: IVAN) and Qualcomm Inc. (NASDAQ: QCOM).

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