Powertech Uranium Corp.

Powertech Uranium Corp.

July 09, 2007 09:02 ET

Powertech Selects Permitting Consultant for Dewey-Burdock Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2007) - POWERTECH URANIUM CORP. ("Powertech" or the "Company") (TSX VENTURE:PWE)(FRANKFURT:P8A) is pleased to announce that, through its wholly owned subsidiary, Powertech (USA) Inc., it has entered into a contractual arrangement with Knight Piesold and Company ("Knight Piesold"), a Colorado corporation, for the purpose of permitting Powertech's Dewey-Burdock Project located in Fall River and Custer Counties, South Dakota. The agreement with Knight Piesold covers baseline data collection, environmental impact analysis, cost/benefit analysis and preparation of permit/license applications. Knight Piesold will work on this project in conjunction with and under the supervision of Richard Blubaugh, Vice President of Health, Safety, and Environmental Resources for the Company. The contract period extends from the present to the date of issuance of the required permits and license for Dewey-Burdock.

Knight Piesold and its team of multidisciplinary engineers and environmental consultants will be performing the environmental and technical studies required by the regulatory authorities for Fall River and Custer Counties, the State of South Dakota, the U.S. Nuclear Regulatory Commission and the U.S. EPA. The Knight Piesold team includes RESPEC, a well-known and respected environmental firm located in Rapid City, South Dakota, Environmental Restoration Group ("ERG"), an Albuquerque, New Mexico firm specializing in radiation monitoring and safety, and BKS Environmental Associates, Inc., ("BKS") located in Gillette, Wyoming, which specializes in issues relating to soils and vegetation. Knight Piesold and its team of consultants expect to have the permit and license applications ready to submit by the end of 2008, or early 2009.

Knight Piesold is an international environmental, engineering and construction services consulting firm located in Denver, Colorado serving domestic and international mining clients since 1921 (since 1985 from its Denver office). Its principal, Barbara Filas, is a past President of the Society for Mining, Metallurgy and Exploration ("SME"). RESPEC, an employee-owned firm, has been providing environmental services for 25 years, and has a Memorandum of Understanding with the South Dakota School of Mines and Technology ("SDSM&T") that allows professors and students to participate in its projects. BKS has been providing its services to the mineral extraction industry (including oil & gas) since 1981. ERG was incorporated in New Mexico in 1991 for the purpose of providing radiological consulting services to the nuclear industry.

Richard Clement, President of Powertech, comments: "Powertech is very pleased with the team of experts assembled by Knight Piesold for this project. I am particularly pleased that a significant portion of the work will be performed by South Dakota environmental consultants as well as experts from the South Dakota School of Mines & Technology. I am confident that the Knight Piesold team will procure the necessary permits and licenses in a professional and timely manner."

About Powertech Uranium Corp.

Powertech Uranium Corp. is a Denver-based mineral exploration and development company that holds the Dewey-Burdock Uranium Deposit in South Dakota, the Centennial Project in Colorado and the Dewey Terrace and Aladdin Projects in Wyoming. The company's key personnel have over 200 years of experience in the uranium industry throughout the United States, and have permitted more than a dozen in-situ operations for production. For more information, please visit http://www.powertechuranium.com/.


Richard F. Clement Jr., President & CEO

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