SOURCE: Market Pulse

April 29, 2008 08:30 ET

Market Pulse Breaking News Alert for Tuesday, April 29, 2008: BCFT -- Bancroft Uranium Updates Exploration and Drilling Progress on Historic Monmouth Project and Reports From Testing Have Been Favorable!

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

ATLANTA, GA--(Marketwire - April 29, 2008) - Market Pulse News Alert for this AM, Stocks to Watch are: Bancroft Uranium Inc. (OTCBB: BCFT), Sohu.com Inc. (NASDAQ: SOHU), Kodiak Energy, Inc. (OTCBB: KDKN) and Ford Motor Co. (NYSE: F).

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 an update on the progress of the surface exploration and drilling program on the Monmouth Uranium Project near Bancroft, Ontario! Bancroft also said the initial reports from testing have been favorable on ease of grind, recoveries of urananite such that the company is confident of improving on the 80% recovery conducted in testing from the 1960s! Investors should be watching this one closely!

Bancroft Uranium Inc. (OTCBB: BCFT) today wishes to update the progress of the surface exploration and drilling program on the Monmouth Uranium Project near Bancroft, Ontario.

Location

The Monmouth Project is located near Bancroft, in Central Ontario, Canada, a 2-hour drive north of Toronto, near Gooderham, Ontario. In addition, the Company has two other exploration projects located near Elliott Lake and Long Lac Ontario, Canada. Of these prospects, the Monmouth deposit ranks as the premier project at this time, as the Bancroft area is well known for historic uranium production where four uranium mines once operated, producing a total of 14,862,653 lbs of U3O8 between 1956 and 1982. Uranium was discovered at Monmouth in the early 1950s when uranium was selling for less than $10.00 per pound.

History

The Monmouth project was historically drilled by 44 drill holes in the late 1960s by Northern Nuclear, the claim owner at that time. Drilling was concentrated in rocks that contain urananite (U3O8) crystals in a limestone "skarn." An engineering report by S.W. Evans for the owner at that time was filed as a listing prospectus with the Toronto Stock Exchange in 1968. This report estimated the potential of 2 million tons containing 0.045% (0.9 pounds per ton) or 1,800,000 pounds of U3O8.

2007 Work

Bancroft acquired the property in 2007 and has had an ongoing surface exploration program at Monmouth underway for nearly one year commencing in May of 2007. Last season's work program involved radiometric prospecting and hand trenching followed by mechanical trenching and washing of surface outcrops along with diamond saw channel sampling to test maximum surface exposures. Work also included property-wide geological mapping along a cut line grid totaling in excess of 100 miles which was prospected by radiometric survey tools.

Surface mapping and prospecting traced a uranium bearing skarn over 6,000 feet and detailed work was focused within a 1,500 foot long strike length. Sampling returned grades of 0.158% U3O8 over 10 meters or 3.16 lbs/ton U3O8 over 32.8 feet. This includes an interval of 0.31% U3O8 over 5 meters or 6.2 lbs/ton U3O8 over 16.4 feet. Large, coarse crystalline urananite or "pitchblende" crystals occur within this skarn zone. Other intervals include channel saw sample results of 1.7 lbs/ton U3O8 over 29.52 feet and in Trench-24, 2.6 lbs/ton U3O8 over 9.8 feet.

Bancroft Uranium now has under claim a total of over 9,000 acres of mineral claims in Ontario that the Company believes are prospective for uranium of which 2,700 acres is currently under lease and being explored on Monmouth Project.

2008 Drill Program

A surface diamond drilling program began at Monmouth in February 2008 conducted by an Ontario-based drilling contractor. The Company designed the program to drill uranium bearing rocks that returned the historical drill results from the 1960 program and to expand the tonnage potential of the deposit along strike and at depth. The Company expects to complete over 50 new drill holes on the property during this Phase 1 program. Bancroft requires this new drilling data in order to accurately assess the validity of the 1960 historical work and bring the results in conjunction with the new 2008 results into modern N.I. Policy 43-101 compliance, a recognized world mining standard.

43-101 Engineering Report

Once the drill program is complete and the Company has received all the chemical assays and analysis, 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. Bancroft is currently receiving initial assay results from the start of the drill program and will be reporting groups of drill results shortly. Once the final 43-101 reporting is received, the Company will be in the position to implement recommendations, move forward with planning for future work towards pre-feasibility and other studies that will be required prior to determining whether Monmouth represents a commercial uranium deposit.

Metallurgy

A metallurgical test in underway on samples of the uranium-bearing Monmouth rock and is being analyzed by SGS Mineral Services Laboratory located in Lakefield, Ontario. Bancroft has been informed that the final report is nearing completion and will release the conclusions when received. Initial reports from this testing has been favorable on ease of grind, recoveries of urananite such that the Company is confident of improving on the 80% recovery conducted in testing from the 1960s.

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

Stocks in the news and acting well as of late include: Sohu.com Inc. (NASDAQ: SOHU), Kodiak Energy, Inc. (OTCBB: KDKN) and Ford Motor Co. (NYSE: F).

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