VANCOUVER, British Columbia, Feb. 13, 2007 (PRIME NEWSWIRE) -- Anglo-Canadian Uranium Corp. (TSX-V:URA) (the "Company") is pleased to announce they have now become a United States reporting issuer by filing a 20-F registration statement with the Securities and Exchange Commission (SEC). The Registration Statement registers the Company's common shares under the Securities Exchange Act of 1934. The Company's common shares are not listed for trading on any exchange in the United States and are currently listed on the TSX Venture Exchange.
Gunslinger Uranium Project, Colorado
The Company is also pleased to announce it has calculated a historical resource based on the historical information for the 100% owned Gunslinger uranium project located on Outlaw Mesa in Mesa County, Colorado. This project shows a historical resource of 258,000 pounds of U3O8* from the drilling of 19 of 63 drill holes completed in 1979 and 1980. In addition to this estimate, the Company has additional drill data from the remaining 44 holes located from 350 to 400 meters southwest of the area containing the calculated resource. The Company considers this data relevant to developing a larger resource.
Otish Mountains Uranium Projects
The Company is requesting tenders for a geophysical survey covering its two blocks of claims staked in September 2005 in the Otish Mountains Basin of East Central Quebec. These claims are known as the Big Mac and Charles claims. It is anticipated this program will commence with an airborne radiometrics survey within 30 days. One property of interest, the Big Mac, borders a major uranium company's property which contains a non-compliant resource of uranium metal.
The technical portion of this release has been approved by James A.Turner. P.Geo., a qualified person under NI 43-101.
The resource estimate quoted herein is based on prior data obtained by previous operators and information provided by the owners of the property. The company has not completed the work necessary to verify the classification of the mineral resource estimates. The historical estimates should not be relied upon. The company is not treating the mineral resource estimates as NI 43-101 defined resources verified by a qualified person. This property will require considerable further evaluation which Anglo-Uranium's management and consultants intend to carry out in due course.
* drill results are quoted as calculated from down hole radiometrics
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"
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.