Powertech to Amend Dewey-Burdock NRC License Application

VANCOUVER, BRITISH COLUMBIA, Jun 16 (MARKET WIRE) --
POWERTECH URANIUM CORP. ("Powertech" or the "Company") (TSX:
PWE)(FRANKFURT: P8A) announced today that it had a meeting with U.S.
Nuclear Regulatory Commission ("NRC") staff in Washington D.C. on June
11, 2009 to review Powertech's uranium in situ leach application. While
the Company believes the application was prepared in accordance with the
regulatory guidelines, after meeting with NRC staff, company officials
agreed to provide the NRC some additional information in order to assist
NRC Staff in completing its acceptance review. The NRC staff identified
five areas out of literally 100s of issues addressed in the approximate
7,800 page application that Powertech needs to clarify. After a very
positive meeting, Powertech has an improved understanding of the
additional information NRC staff needs in order to clarify the Company's
plans and for NRC Staff to more fully understand the site conditions. For
this reason, the Company is voluntarily withdrawing its application from
the NRC in order to provide additional information in the five specified
areas.

The Company expects that it will be able to resubmit the amended license
application within the next 30 days as no additional field data
collection is required. A significant portion of the information
requested has been prepared and is contained in the Company's Underground
Injection Control (UIC) Permit application that has been "ruled complete"
by the U.S. Environmental Protection Agency (EPA) and is under review by
the South Dakota Department of Environment and Natural Resources (DENR).
The minor delay associated with providing supplemental information to NRC
during the review process is not unusual for a project of this magnitude.
Richard Clement, Powertech President and CEO, said, "Our goal is to make
sure we have an environmentally sound plan that is understood and
accepted by all the regulating agencies. We expect a quick turnaround to
provide the information that the agency has requested, to supplement and
clarify the information in the application."

This news release has been reviewed and approved by Mr. Clement,
President and CEO of Powertech, under whose direction the Company's
operations are being carried out. Mr. Clement, P.G., MSc., is a Qualified
Person as defined by National Instrument 43-101.

About Powertech Uranium Corp.

Powertech Uranium Corp. is a mineral exploration and development company
that, through its Denver-based subsidiary Powertech (USA), Inc., holds
the Dewey-Burdock Uranium Deposit in South Dakota, the Centennial Project
in Colorado and the Dewey Terrace and Aladdin Projects in Wyoming. The
Company's key personnel have over 200 years of experience in the uranium
industry throughout the United States, and have permitted more than a
dozen in-situ operations for production. For more information, please
visit www.powertechuranium.com.

POWERTECH URANIUM CORP.

Richard F. Clement, Jr., President & CEO

The TSX has not reviewed
and does not accept responsibility for the adequacy or accuracy of the
content of this News Release.

Contacts:
Powertech Uranium Corp.
Thomas A. Doyle
CFO, VP Finance
(604) 685-9181
(604) 685-9182 (FAX)
info@powertechuranium.com
www.powertechuranium.com

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