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URA

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Anglo Canadian Uranium Corp. Announces Otish Basin Uranium Exploration Results

27/05/2009 3:42pm

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Anglo Canadian Uranium Corp. (TSX-V: URA) (FRANKFURT: AU3) (the "Company") is pleased to announce it has received a final interpretation report of the airborne survey completed on its Big Mac and Charles Uranium projects located in the Otish Basin, Quebec. This report has identified a number of targets for future exploration. Additional ground prospecting and geophysics utilizing a scintillometer and magnetometer will assist in defining targets prior to initiation of drilling. The Otish Basin is a highly prospective area for uranium, with a number of recent discoveries and exploration focused on further definition of potential uranium deposits. The geology of the Otish Basin is similar to that of the Athabasca Basin, and may host unconformity deposits.

Highlights from this report are as follows for both the Big Mac and Charles projects.

Big Mac Uranium Project, Otish Basin, Quebec

The Big Mac Uranium Project is located 350 km northwest of Chibougamau in central Quebec and within 0.5 km of the Cogema/Soquim's property and 2.5 to 3 km east of the L-Zone uranium deposit. The magnetic and radiometric surveys were flown on survey lines spaced at 100 meters, and identified the following three areas of interest for ground prospecting.

1. The large area in northeastern portion of the property associated with high surface conductivity and cluster of high uranium isotope counts. This area also encompasses the anomalous Uranium / Thorium ratio anomalies and a maxmin defined conductor.

2. The easterly trending magnetic anomaly associated with the northerly plunging low susceptibility pipe.

3. The anomalous uranium features that trend along the northwestern border of the property. These anomalies parallel a deep body and near surface contact.

The primary exploration target on the Big Mac Uranium Project is uranium mineralization similar to deposits found in the area such as the L zone and Matoush uranium discoveries. These previously identified deposits are associated with faulting and may be detectable by magnetic and / or conductivity trends. Initial ground prospecting will focus on locating and identifying the source of anomalous uranium readings. These sources should be at ground surface and are likely associated with outcrop or boulders. The discovery of radioactive boulders will require backtracking along the local glaciation direction to locate a bedrock source.

Charles Uranium Project, Otish Basin, Quebec

The Charles property is located 15 km southwest of the Big Mac and is close to the southern edge of the basin. The Eastmain winter road passes near the western boundary of the Basin. The magnetic and radiometric surveys were flown on survey lines spaced at 100 meters, and identified the following five areas of interest for ground prospecting.

1. The northerly trending lineation which is 2 km long and delineated by a series of small magnetic highs and anomalous uranium features. The combination of magnetic and photo lineaments could be indicative of faulting that crosses the regional geological strike. Included in this target area are two uranium ratio and ternary anomalies.

2. East - West elongated magnetic high with focus at the eastern and western ends that exhibit elevated uranium counts.

3. A series of elevated uranium and thorium anomalies straddling the southern claim boundary.

4. Elevated uranium anomalies in the northwest corner of the claim, coincident with intersecting magnetic lineaments.

5. The large northeasterly oriented magnetic trend and parallel radiometric high trend that cuts the SE corner of the property. A high proportion of potassium suggests the possibility that the magnetically delineated zone is associated with a hydrothermal alteration system. Very high radiometric readings in all channels coincide with the southeastern edge of the magnetic anomaly suggesting a geological contact.

This primary exploration target is also similar to the L zone and Matoush uranium discoveries. Ground prospecting is recommended with the use of a scintillometer.

The Company is very encouraged by this airborne survey, and will intiate the recommended ground prospecting program in summer 2009. This program will assist in the definition of potential drill locations, which will follow upon interpretation of ground results.

Detailed magnetic and radiometric maps will be available on the Company web site.

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"

Len J. Harris, President
T: 604 669 6807
Toll Free: 866 488 3838
E: len@anglocanex.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact: Len J. Harris President T: 604 669 6807 Toll Free: 866 488 3838 E: len@anglocanex.com

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