Re: News Releases - Monday, November 01, 2010
Princeton Copper / Gold / Palladium 5000 Meter Drill Program
Application
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Anglo Canadian Uranium Corp. (TSX-V: URA) (the "Company") is pleased to
announce the Company has recently filed an application to undertake a
5000 meter drill program at the Princeton Copper / Gold / Palladium
project located adjacent to the Copper Mountain project in
south-central British Columbia. This drill program will focus on areas
of interest identified by the recently completed soil sampling program
and extensive copper showings throughout the property.

The Company initiated exploration efforts on the property in 2009, and
identified two drill targets at locations which will not require timber
cutting, road work and have minimal environmental impact. These
proposed drill locations are in areas of extensive copper showings and
trenching. In summer 2010, the company completed grid sampling in the
north and west of historical sampling which demonstrated a copper
anomaly extending to the northwest. It is expected that approval to
commence drilling will be received in the fourth quarter. Recent
prospecting programs conducted by company geologists and consultants
demonstrated highlights including samples of 43% Copper (Cu), 28.16 g/t
Gold (Au), and 18.19 g/t Palladium (Pd), and a 3 metre chip sample from
this showing revealed 15.76 % Copper, 12.26 g/t Gold an >10 g/t
Palladium. Sampling results were assayed by ACME Analytical
Laboratories of Vancouver, B.C.

The majority of areas to be tested lie closest to the Copper Mountain
proposed super pit. Copper Mountain has recently signed debt financing
agreements for $322 million to continue the development and
construction of the proposed mine to produce 105 million pounds of
copper per year by June 2011.

About Anglo-Canadian Uranium Corp.

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