VANCOUVER, British Columbia, July 18, 2006 (PRIMEZONE) -- Anglo-Canadian Uranium Corp. (TSX-V:URA) is pleased to announce it has acquired by staking additional uranium claims in the state of Utah. This property, named the Dragon Property, is comprised of 30 claims located in Beaver County, in south western Utah. This staking agreement includes a one mile area of interest surrounding the claims, also containing potential uranium prospects. This acquisition further complements the Company's current uranium portfolio of projects and establishes it as an emerging player in the Utah and Colorado uranium district.
The Dragon Property lies in a significant uranium region, and has demonstrated high scintilometer counts over a large area where historical uranium mines and deposits occur. These high counts are associated with hematite, pyrite, silica and fluorite mineralization in an altered volcanic unit. Selected grab samples (altered volcanics with readings) run as high as 0.16% (3.5 pounds) U3O8. This highly altered rock can also be seen on high resolution satellite imagery. Additional staking is currently in progress on this and other prospective Utah and surrounding region properties.
In addition to all staking costs, the Company will pay a property location fee of US$10,000, 60,000 shares of common stock and a 2% NSR royalty.
The technical portion of this release has been approved by James A.Turner, P.Geo., a qualified person under NI 43-101. This acquisition is subject to approval by the TSX Venture Exchange.
For more information on the Company and its projects, please visit the website at www.anglocanex.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.