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Anglo Canadian Uranium is a junior mineral exploration company with uranium, copper, and gold properties in Quebec, Colorado, Utah, British Columbia, and Yukon.

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Message: News - Looks like we're a copper/gold company now also :-(

News - Looks like we're a copper/gold company now also :-(

posted on Jun 18, 2009 05:18AM

Breaking News

Anglo Canadian Uranium Announces Copper / Gold Properties Acquired



06:45 EDT Thursday, June 18, 2009

(via Thenewswire.ca)

June 18 2009 - Anglo Canadian Uranium Corp. (URA on TSX.V) (the "Company") is pleased to announce it has expanded its interest in the vicinity of the Copper Mountain mine by acquiring 28 mineral claims located 18.5 km south of Princeton, British Columbia. These claims have a number of copper showings and historical work has identified further copper prospective zones for exploration. A significant amount of mining activity has taken place in the Copper Mountain region, with production beginning in 1923 and ending in 1996 due to rising production costs and a lack of low strip ration reserves. Infrastructure to support potential mining activity is in place, with water and power available. The Company intends to complete ground prospecting prior to initiation of advanced exploration programs.

These claims are underlain by the eastern facies of the Upper Triassic Nicola Group within the Copper Mountain Stock and consist of mafic augite and hornblende porphyritic pyroclastics and flows. These rocks are intruded by diorite and monzonite, locally pyroxenite and gabbro of the Early Jurassic Copper Mountain and Lost Horse intrusions. The claims lie within 1.5 km of the proposed Copper Mountain Super Pit to be operated by Copper Mountain Mining Corporation.

As consideration of the 100% interest in the 28 claims, the Company intends to issue 115,000 common shares of the Company and pay $45,000 over a period of 2 years. The Company has also agreed to a 2% net smelter royalty with the vendor, with a buy back provision.

The Company would also like to announce the issuance of 500,000 stock options to certain directors, officers and consultants at a price of $0.15 per common share for a period of 2 years.

This acquisition and stock option grant are subject to TSX Venture Exchange approval.

About Anglo-Canadian Uranium Corp.

Anglo-Canadian is an aggressive 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

T: 604 669 6807

Toll Free: 866 488 3838

E: [email protected]

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