SOURCE: Market Pulse

May 14, 2008 08:30 ET

Market Pulse Breaking News Alert for Wednesday, May 14, 2008: BCFT - Bancroft Uranium Updates Progress With First Nations and Initiates Program to Increase Monmouth Uranium Project Claim Holdings!

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

ATLANTA, GA--(Marketwire - May 14, 2008) - Market Pulse News Alert for this AM, Stocks to Watch are: Bancroft Uranium Inc. (OTCBB: BCFT), Canadian Solar Inc. (NASDAQ: CSIQ), Iomai Corporation (NASDAQ: IOMI) and Yahoo! Inc. (NASDAQ: YHOO).

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 of the status of ongoing discussions with local First Nations representatives regarding its Monmouth Uranium Project, located near Gooderham, Ontario! Before Tuesday's bell Bancroft announced in a press release it initiates program to increase Monmouth Uranium Project Claim Holdings! Investors should be watching this one closely!

Bancroft Uranium Inc. (OTCBB: BCFT) wishes to update the status of ongoing discussions with local First Nations representatives regarding its Monmouth Uranium Project, located near Gooderham, Ontario.

These discussions are designed to provide an opportunity for dialogue on issues of significant relevance to the local First Nations people in regards to the Company's project which is being conducted within their Treaty Territory and areas of cultural relevance.

Bancroft management recognized the importance of local First Nations traditional rights and sought immediate contact with them in order to establish a mutually respectful relationship prior to any advanced exploration commencing at the Monmouth project.

Prior to the commencement of the spring 2008 diamond drilling program, a leading member of the First Nations community reviewed the property from an archaeological perspective. A close working relationship has now been developed and the Company looks forward to an ongoing, respectful and beneficial partnership with the local First Nations.

Bancroft Uranium desires to work closely with the local First Nations band in deference to their traditional and cultural heritage. The Company envisages close collaboration with respect to both archaeological and environmental studies on an ongoing basis. Our project will provide economic benefits by way of employment opportunities for members of the First Nations and more particularly, the opportunity to provide members of the First Nations with skill sets that can be utilized in other areas.

Additionally, the Company intends to undertake a specific support program to the local First Nations community that will provide ongoing, long-term benefits. Bancroft foresees a representative of the First Nations being appointed to the Board of Directors in the near future and the Company is appreciative of the positive reception it has been given to-date by First Nations representatives.

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 our website at

Stocks in the news and acting well as of late include: Canadian Solar Inc. (NASDAQ: CSIQ), Iomai Corporation (NASDAQ: IOMI) and Yahoo! Inc. (NASDAQ: YHOO).

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