Uranium Development Consortium Formed

Comment: nuke group talks about nuclear power home grow, cannot live US but the nuke people are welcoming foreign corp to US, what's the difference? Another question, why does the foreign corp coming south to take US uranium?

SOURCE: Anglo Canadian Uranium Corp.

May 06, 2009 13:43 ET
Uranium Development Consortium Formed
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Anglo Canadian Uranium Corp.


MacReport Media PublishingVANCOUVER, BC--(Marketwire - May 6, 2009) - Anglo Canadian Uranium Corp. (TSX-V: URA) (the "Company") is pleased to announce it has entered into an agreement to bring southwestern United States uranium exploration properties and a state of the art mill project to the market place as a consolidated uranium resource play. This agreement is with Mancos Resources Inc. (MRI), Bluebird Partners, LLC and Drilling Consultants Inc. (DRI), and will enable the consortium of companies to effectively develop long term uranium production to supply the growing demand for nuclear power. This agreement is non-exclusive and will allow the Company to continue and maintain discussions with additional uranium exploration and production companies for further development of projects. This agreement also does not impact the previous arrangement with a senior uranium producer in the Four Corners region and the continued development of the URA mine located in the Bull Canyon region of Colorado.

Anglo Canadian Uranium is an advanced exploration and development company with thirteen (13) uranium and vanadium projects located in the Four Corners region of the United States. All projects are located in close proximity to historical uranium production operations, with some project areas containing historical resources. The Company has focused on continuing the permit process required for future exploration and production at its project areas, and views this new uranium consortium as instrumental in the continued development of the United States uranium industry.

Anglo Canadian's projects in the Four Corners region are as follows:


Location Ownership Size Highlight
-------- --------- ---- ---------

Spider Rock, 100% 4 claims Historical resource contained
Colorado

Joseph, Colorado 100% 106 claims Contains 5 former producing mines

Eula Belle, 100% 52 claims Drill program completed, 1.5 M
Colorado pounds U3O8 and 7 M pounds
vanadium historical production

King, Colorado 100% 250 claims Lies between two major producing
mines, adjacent to DOE leases

Wild Steer, 100% 31 claims Contains 2 former producers
Colorado

Gunslinger, 100% 41 claims Surrounded by 3 DOE uranium
Colorado reserve lands

Tomcat, Colorado 100% 81 claims Contains 3 former producers

Lonestar, Colorado 100% 110 claims Contains 2 former producers
in two
Gunfighter, 100% locations Contains 1 former producer
Colorado

Dragon, Utah 100% 30 claims High scintilometer counts
including one
mile area of
interest

Locuist, Utah 100% 19 claims Contains former producing mine

O8, New Mexico 100% 1920 acre Adjacent to former producing mine

Holley, New Mexico 100% 3200 acres Within 4 miles of Marquez Uranium
Mine
Mancos Resources Inc. and their wholly owned subsidiary Bluerock Energy Corp, are U.S. corporations with offices in Green River, Utah, and Cortez, Colorado. MRI's conventional uranium mill project is located on 640 acres of private land near the town of Green River, Utah. MRI Principals spent two years implementing an exhaustive multi-state site selection process. The site selection criteria included regulatory, environmental, political, geologic, hydrologic, access, and infrastructure elements. The mill is in the geotechnical and environmental baseline data gathering phase of permitting. MRI's next phase of development is initiating a geotechnical drilling program, and crafting and issuing a Request for Qualifications / Request for Proposals from design/build firms for plant engineering design and construction.

BlueBird Partners, LLC is a grass roots geological and mineral property development company with experience, expertise, and uranium properties in the southwestern US.

Drilling Consultants Inc., a U.S. corporation, has extensive holdings in the uranium districts of Colorado, Utah, and New Mexico.

About Anglo-Canadian Uranium Corp.

Anglo-Canadian is an aggressive uranium and gold exploration company with several properties located in Canada and the United States. The Company's current projects include uranium projects located in Colorado, Utah, New Mexico and Quebec, and gold and base metals projects in British Columbia. The Company's focus is to acquire uranium and gold deposits in strategic locations through acquisition and option arrangements, and further develop these projects with experienced management teams.

For more information on the Company and its projects, please visit the website at www.anglocanex.com


ON BEHALF OF THE BOARD OF DIRECTORS:

"Len J.Harris"
Len J. Harris, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:
Len J. Harris
President
T: 604 669 6807
Toll Free: 866 488 3838
E: len@anglocanex.comBack

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