SOURCE: Wall Street News Alert

Wall Street News Alert

June 10, 2008 08:38 ET

Wall Street News Alert: Hot Stocks to Watch: BCFT! June 10, 2008

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding

WESTON, FL--(Marketwire - June 10, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Bancroft Uranium Inc. (OTCBB: BCFT), Apple Inc. (NASDAQ: AAPL), Chevron Corporation (NYSE: CVX) and Devon Energy Corporation (NYSE: DVN).

There is more positive news coming from Bancroft Uranium Inc. (OTCBB: BCFT), and the company should have the attention of investors and traders this morning. Yesterday the company issued a press release announcing that the company is in the process of reviewing potential acquisition opportunities in Southern Africa.

Great news from the company! Bancroft President Paul Leslie Hammond and the Company engineering team have just returned from a three week property evaluation trip to Africa, during which, Bancroft representatives were reviewing the potential for participation in a uranium development project in Namibia. In addition, the Company also reviewed the possibility of entering into other commodity projects in South Africa and Zimbabwe. These commodity projects are related to gold, platinum, manganese and coal.

Mr. Hammond stated that he was "extremely pleased with the quality and quantity of the opportunities presented to the Company in Southern Africa. The overall potential to acquire a large project at a reasonable cost is excellent. The uranium prospects in Namibia are exceptional and Namibia is forecast to be the world's leading exporter of uranium by 2015."

Last week the company reported further drilling results from the Spring 2008 surface drill program conducted at the Monmouth Uranium Project, near Bancroft Ontario. The 2008 Exploration Phase 1 drill program commenced on February 25th and was designed to focus on areas in and around the historical drill results from the 1969 program bringing it into modern N.I. Policy 43-101 compliance, a recognized world mining standard. According to the press release, the drilling is also designed to extend the known strike length of the skarn which hosts the uranium mineralization with the aim of expanding the current estimated 1,800,000 lbs U3O8 potential at Monmouth.

To date, Company engineers have verified the location, thickness and flat lying geometry of the uranium-bearing skarn system intersected in the historical drilling. U3O8 assays have been returned from both urananite-bearing bright orange-colored calcite alteration in the skarn and from several pegmatite bodies in and adjacent to the skarn package. Initial assay results from the skarn rocks appear to validate the historical data. The geological modeling of the deposit is now coming into focus with the alteration zone rock package dipping at a fairly consistent 25-30 degrees, amenable to a potential open pit scenario.

All of Bancroft Uranium's exploration programs are designed and supervised by Qualified Persons ("QP") under the N.I. Policy 43-101, who ensure that programs are carried out using current industry "Best Practices." The spring 2008 drilling program was supervised by Murray McGill P.Geo (QP). The NQ size core was logged by Mr. McGill and split on-site. Half core samples were analyzed using standard Delayed Neutron Counting (DNC) methods by Activation Laboratories in Ancaster, Ontario. Activation Laboratories employs rigorous in-house QA/QC procedures in the DNC process.

Bancroft will release a third series of drill results shortly.

Investors are urged to monitor the progress of the company!

Prior to the latest press release, the stock closed Monday at Seventy cents a share.

For an in-depth profile of Bancroft Uranium, visit http://www.WallStreetNewsAlert.com/HotStocks/BCFT060908/default.aspx.

Apple Inc. (NASDAQ: AAPL) down 2.1% on 67.3 million shares traded.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.

Chevron Corporation (NYSE: CVX) up 1.7% on 11.5 million shares traded.

Chevron Corporation is one of the world's leading integrated energy companies, with subsidiaries that conduct business.

Devon Energy Corporation (NYSE: DVN) up 2.8% on 3.8 million shares traded.

Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production.

Market Commentary:

"The National Association of Realtors Pending Home Sales Index increased 6.3 percent to 88.2 from an unrevised 83.0 in March. Despite the increase, sales were 13.1 percent lower than a year ago," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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