Bancroft Drill Program Builds on Success of Historic Uranium Exploration

SCOTTSDALE, AZ, Apr 10 (MARKET WIRE) --
Bancroft Uranium Inc. (OTCBB: BCFT) ("Bancroft" or the "Company") wishes to
update the current activities of the Company and the progress of the ongoing
drilling program at the Monmouth Uranium Project near Bancroft, Ontario.

Bancroft controls an extensive regional play totaling over 9,000 acres of
mineral claims in Ontario, Canada that are prospective for uranium. 2,700 acres
are currently under lease and being explored at the Monmouth Project. Uranium
was
discovered at this prospect in the early 1950s when prices were less than
$10.00 per pound. The Bancroft area is well known for its long history in
uranium mining, having produced a total of 14,862,653 lbs U3O8 between 1956
and 1982 from four local mines.

The Monmouth project was initially drilled during a program completed in the
late 1960s to a total of 44 drill holes. Drilling was concentrated in rocks
that contain Uranium crystals in a limestone skarn. In 1968, an engineering
report by S.W. Evans was filed as a listing prospectus to the Toronto Stock
Exchange for Northern Nuclear, the owner at that time. The report estimated
from drill results the potential of 2 million tons containing 0.045% (0.9
pounds per ton) or 1,800,000 pounds of U3O8.

Bancroft commenced a 2008 surface diamond drilling program on February
25ththat was designed to drill in areas that returned historic drill results
from the
1968 program. This drilling is the start of a process aimed at bringing the
historical work into modern N.I. Policy 43-101 compliance, a recognized
world mining standard. Once the drill program is complete, engineers will
undertake
a geological report which will ultimately lead to a uranium resource
calculation of the in-situ tons and contained pounds of uranium. Bancroft is
currently receiving initial assay results from the start of the drill program
and will be reporting groups of drill results shortly.

The Company, once final 43-101 reporting is received, will subsequently be
in a position to implement recommendations and move forward with planning for
future work towards pre-feasibility studies that will be required prior to
determining whether Monmouth represents a viable commercial uranium deposit. In
conjunction with the drilling results, the Company will be reporting on a
metallurgical study currently underway with the processing of a test sample of
the
Monmouth rock with SGS Mineral Services Laboratory located in Lakefield,
Ontario.

For inquiries from the public and media concerning the Monmouth Uranium
Project
please contact Greenspirit Strategies at 1-877-54 GREEN or 1-877-544-7336.
For shareholder and investor information please contact investor relations at
1-888-293-5660.

ABOUT BANCROFT URANIUM INC. (OTCBB: BCFT)

Bancroft Uranium Inc. is an exploration Company which intends to develop
Uranium
assets in North America. Bancroft's initial asset, the Monmouth Uranium Project
is
envisioned to have the potential of a low cost, open pit uranium producer
located close to infrastructure and end product buyers.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Statements in this press
release which are not purely historical are forward-looking statements and
include any
statements regarding beliefs, plans, expectations or intentions regarding the
future. Such forward-looking statements include, among other things, the
development,
costs and results of our exploration program at our uranium properties and any
anticipatedfuture production. Actual results could differ from those projected
in any
forward-looking statements due to numerous factors. Such factors include, among
others, the inherent uncertainties associated with mineral exploration and
development stage exploration companies. These forward-looking statements are
made as of the date of this news release, and we assume no obligation to update
the forward-looking statements, or to update the reasons why actual results
could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions
contained
in this press release are reasonable, there can be no assurance that such
beliefs, plans, expectations or intentions will prove to be accurate. Investors
shouldconsult all of the information set forth herein and should also refer to
the
risk factors disclosure outlined in our annual report on Form 10-KSB for the
most recent fiscal year, our quarterly reports on Form 10-QSB and other
periodic reports filed from time-to-time with the Securities and Exchange
Commission.

ON BEHALF OF THE BOARD
Bancroft Uranium Inc.
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P. L. Hammond, C.A.
President and Chief Executive Officer

To find out more about Bancroft Uranium Inc. (OTCBB: BCFT), visit our
website at www.bancrofturanium.com.

Public and Media Information:
1-877-544-7336

Shareholder and Investor Information:
1-888-293-5660

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