CANAM URANIUM CORPORATION (OTCBB: CAUI)

As uranium continues its white hot rise, companies and investors alike are pursuing yellow cake opportunities.  And both constituencies eagerly await the results of drilling results for new properties.

Yesterday, CanAm Uranium Corp. (OTCBB:CAUI) made such an announcement, offering shareholders and onlookers a glimpse into their operational path via the announcement that the first round of drilling on their Halo property confirms historical results by intercepting average grade of 0.09% (1.6 lbs) U3O8 over 8.9 meters (34 feet) and including 0.31% U3O8 ( 6.2 lb ton over 1.52 meters).  Additionally, CanAm reports that the drill program continues on the second of seven other known historical targets.  Bancroft is home to four past producing mines between 1956 and 1982.

You may review a comprehensive StockUpTicks Profile on CanAm Uranium Corp. HERE
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*NEWS* from CanAm Uranium

Press Release Source: CanAm Uranium Corp.
Tuesday May 1, 1:37 pm ET

LAS VEGAS, May 1, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. (``CanAm'' or the ``Company'') (OTC BB:CAUI.OB - News) is pleased to announce that six holes have been completed to test the Halo property, with assay results reported for the first four.

 * First round of drilling on Halo confirms historical results by
   intercepting average grade of 0.09% (1.6 lbs) U3O8 over 8.9
   meters (34 feet)
 * Including 0.31% U3O8 ( 6.2 lb ton over 1.52 meters)
 * Drill program continues on second of seven other known historical
   targets
 * Bancroft is home to four past producing mines between 1956 and
   1982
 * Uranium price reaches new high of $113 per lb
 * El Nino is the project operator

Best results to date have been achieved in DDH H-4, the upper hole on the second or easternmost section drilled. Eight radioactive pegmatite dykes were intersected within an interval of 24 meters. Assays/width ranged from 0.01% U3O8 (0.2 lb/ton) / 0.11 meters to 0.31% U308 (6.2 lb/ton) / 1.52 meters. Average weighted grade of the dykes was 0.09% U3O8 (1.8 lb/ton) with a cumulative width of 8.9 meters. Anomalous amounts of certain heavy rare earth elements have been noted. In Sample 8027 from DDH H-4 18g/t Scandium was reported along with 0.10% U3O8 (2.0 lb/ton) across an interval of 1.31 meters.

The objective of the phase one drill program has been achieved. We have reconfirmed historical values on the property which has not been drilled over 20 years. The non compliant 43-101 reserve estimate in 1957 on the Halo project was 472,000 tons grading 0.112% (2.24 lbs per ton U3O8). No exploration has been done on the property in the last 30 years due to low prices of uranium. The objective of the second phase of drilling will be to define reserves and resources in addition to historical estimates.

Second Drill Target (ARE#2)
The drill is currently being moved to the second target which is the Amalgamated Rare Earth Project (ARE#2). Between 1952 and 1957, diamond drilling and underground development identified three zones of uranium mineralization in pegmatite, and a shaft was sunk on the Main Zone to 440 feet, with a total of 5,871 feet of underground development completed at three levels. In 1957, the resource was estimated at 292,444 tons at a grade of 0.095% (1.9 lbs/ton) (non 43-101 compliant).

Quality Control
Mr. Tim J. Beesley, P.Eng.,a qualified person as defined in National Instrument 43-101, has reviewed the contents of this release.

About Bancroft
Known as ``the Mineral Capital of Canada'' (Bancroft & District Chamber of Commerce) due to the abundance of minerals found in the area, Bancroft was especially well known for its uranium production, once home to four past producing mines, producing a total of 14,862,653 lbs U3O8 between 1956-1982.

To read the the complete release and disclaimer, Click Here
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About CanAm Uranium

CanAm Uranium Corp. ("CanAm") ("CAUI") is a Nevada-incorporated junior resource company focused on the strategic acquisition and development of exploration properties in well-known prolific mining areas, especially known for uranium. CanAm properties of interest are in: Canada, Southern Africa, Australia and the United States. CanAm has optioned over 136,825 acres of claims collectively within the Saskatchewan Athabasca Basin, Ontario and British Columbia, which are significant uranium mining areas. 

CanAm is currently drilling in the Bancroft, Ontario area. This work program consists of 1650 meters of drilling on a property that was once home to four past producing mines, producing a total of 14,862,653 lbs. U3O8 between 1956 and 1982.  The 2007 CanAm exploration budget of (Cdn)$1million will include: a radiometric geophysical survey, ground proofing and mapping and follow-up trenching and sampling.

CanAm holds an option to acquire up to 80% interest in eight Bancroft Uranium Projects comprising 37 mineral claims covering an area of approximately 9,765 acres, located in the Bancroft area of Southeastern Ontario in Canada.  It also has options to acquire a 100% interest in BALD and OYAMA claims covering 1,037 hectares located in the Province of British Columbia, Canada. 
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The Uranium Market

Uranium is used primarily as an energy source for nuclear fission reactors -- a safe, efficient, and emission-free alternative to fossil fuels. The market cycle for uranium had been largely depressed since 1981, but has recently experienced a sharp increase due to macroeconomic factors. An estimated supply shortfall of 80 million pounds per year, for several coming years, is forecast by measuring current annual reactor demand and current annual mine production. 

U.S.-based uranium mines produced an estimated 3 million pounds of uranium oxide (U3O8), 24 percent more than in 2004 and estimated U.S. uranium concentrate (yellowcake) production in 2005 was 2.7 million pounds of U3O8, 18 percent more than 2004.  Domestic production mills and in-situ recovery facilities shipped an estimated 2.7 million pounds of uranium concentrate during 2005.  The U.S. uranium sector glowed in 2005 with an even brighter future ahead. 

Civilian nuclear energy ambitions over the past twelve months have grown far beyond expectations and many analysts believe the natural gas and water problems of Saudi Arabia will propel them into the nuclear energy arena. 
That arena is dependent on Uranium.

CanAm Projects

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SUMMARY 8 optioned properties, totaling 9,765 acres, on which CanAm may earn 80% interest  Virtually no regional exploration in over 30 years  Technological advances to enable further delineation of known resources  43-101 report filed; approval pending  CanAm has an option on a major landholding in the Bancroft region - Ontario

Other Recent NEWS from CanAm

LAS VEGAS, April 16, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. ("CanAm" or the "Company") (OTC BB:CAUI.OB - News) is pleased to announce that Paul T. Sarjeant and Dr. Peter Born have accepted an appointment to the Board of Directors.

"CanAm is continually working to strengthen its technical and corporate team with highly qualified professionals to deliver superior shareholder value," said Dr. Michael Hitch, CanAm's Chief Geoscientist and Director. Both new Directors have been associated with Dr. Hitch corporately and operationally for many years.

Paul T. Sarjeant, B.Sc., P.Geo., has been involved in the mining industry for over twenty years, with extensive experience in project evaluation and management for junior and senior companies in Canada and around the world. A member of the Association of Professional Engineers and Geoscientists of British Columbia, he is currently the President and CEO of Grandview Gold Inc., a TSX listed company exploring for gold in Canada and the USA. He has worked previously as Senior Geologist for Echo Bay Mines and was responsible for project evaluation outside of North America. Mr. Sarjeant has also had experience operating a successful securities business focused on strategic planning and investment analysis, during which time he earned a Certified Financial Planner (CFP) designation.

Dr. Peter Born P.Geo, is a registered professional geologist with the Association of Professional Geoscientists of Ontario and is a Fellow of the Geological Association of Canada. At age 54, he brings over 30 years of exploration/mining experience to the company including project evaluation/feasibility studies for senior and junior companies in Canada. It also includes several years doing uranium exploration in the Athabasca Basin of Saskatchewan and the Thelon Uranium Basin of the Northwest Territories, Canada. He worked previously as Senior Geologist and then Resource Geologist with Western Mining (WMC) as well as being a consultant/senior geologist, modeling the Aquarius ore body with Echo Bay Mines. He is currently working with RPS Energy Canada on natural gas plays related to high temperature dolomites and sedimentary zinc deposits (MVT) within the Appalachian Basin (USA).

Dr. Born holds a Ph.D. in Earth Sciences with expertise in Precambrian Sedimentary Geology, Basin Analysis, Sedimentology, Stratigraphy and Sedimentary Ore deposits.

To read the the complete release and disclaimer, Click Here

Press Release Source: CanAm Uranium Corp.
Friday April 13, 11:56 am ET

LAS VEGAS, April 13, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. ("CanAm" or the "Company") (OTC BB:CAUI.OB - News) is pleased to announce that Stuart "Tookie" Angus has accepted an appointment to the Advisory Board.

Tookie Angus is an independent business advisor to the mining industry. He was most recently Managing Director - Mergers & Acquisitions for Endeavour Financial. Prior to joining Endeavour Financial, he was a partner at Fasken Martineau and headed the firm's Global Mining Group. For over 25 years, Tookie has focused on significant international exploration, development and mining ventures, and all aspects of their structuring and finance.

Tookie is a director of Bema Gold Corporation, Blackstone Ventures Inc., Nevsun Resources Ltd. Polaris Minerals Corporation and Plutonic Power Corporation. He was a director of First Quantum Minerals Ltd. until June 2005 and resigned as a director of Canico Resource Corp. upon completion of a takeover by CVRD. He is also a former Chairman of the Board of BC Sugar Refinery Limited.

To read the the complete release and disclaimer, Click Here

Press Release Source: CanAm Uranium Corp.
Monday April 16, 3:11 pm ET

LAS VEGAS, April 16, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. ("CanAm" or the "Company") (OTC BB:CAUI.OB - News) is pleased to announce that it has received notification from Saskatchewan Industry & Resources of the completion of title transfer for the Wheeler Beckett Claims located in the Saskatchewan Athabasca Basin. On November 29th 2006, CanAm acquired a 100% interest in the Wheeler Beckett Claims through an option agreement with Northwind Resources. Under the terms of the agreement, CanAm is required to pay C$250,000 and issue 1,000,000 common shares to Northwind on or before November 29th 2007. Northwind was also granted a 2.5% NSR, of which 2% can be purchased for C$1,000,000.

"The transfer of title puts CanAm Uranium Corp on the map in the Athabasca Basin. Officially the Saskatchewan Government and Third Party Map designers such as Intierra Mapping, can put our name where it belongs, right beside International Uranium Corp., CanAlaska, Cameco and JNR Resources Inc.," says Ryan Gibson, CEO. The Wheeler-Beckett Property is located 24 miles south east of the world-class McArthur River and Cigar Lake Mines that have a combined proven reserve of over 600 million pounds of uranium.

In preparation for the Wheeler Beckett Summer Work Program, the Company is evaluating an extensive archive of historic data, which includes satellite geochemical and historic radiometric/gravity surveys. Information examined thus far strongly supports the Company's decision to fly the Wheeler-Beckett claim block to determine potential unconformities that could host uranium. The summer program is to consist of high resolution heliborne EM and radiometrics, which will be supported by a field survey and sampling program.

To read the the complete release and disclaimer, Click Here

LAS VEGAS, April 3, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. ("CanAm" or the "Company") (OTC BB:CAUI.OB - News) is pleased to announce a Corporate Update.

Financial Update
CanAm Uranium Corp. is pleased to announce the loans from this quarter reported in the 10Q-SB have been paid in full and on time.

CanAm Uranium Corp. is also pleased to announce that the US$600,000 financing announced March 05, 2007 has closed on time. The second round of $1,000,000 is expected to close on or before May 25, 2007.

Property Update
CanAm Uranium has met the Joint Venture payment requirements to date with partner El Nino Ventures Inc., and have begun the drill program on the Halo Project in Bancroft. It is important to note that the Halo Project has over 1,000,000 lbs of U3O8 (Uranium) in non-43 101 historical estimates. (Lowest reserve estimate (1957) -- 472,000 tonnes at 0.112% U3O8, 2.24 lb/ton) The Halo Project is only one of 8 claims within the Bancroft Region, an area that was once home to four past producing mines, producing a total of 14,862,653 lbs. U3O8 between 1956-1982. Uranium has a current spot price of $95/lb as announced by the leading firms, such as UXC who set the price estimate.

Press Update
CanAm Uranium CEO Ryan Gibson was recently quoted in the press concerning the company's initiatives in the Bancroft Region. 

Article Title: Uranium Industry re-emerging in Bancroft

To read the complete release and disclaimer, Click Here
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CanAm Management and Advisory Board

Financial Highlights For CanAm

Chart Courtesy of BigCharts

TO CONTACT CANAM

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