Key Investment Highlights

Bancroft Uranium has assembled a portfolio of high potential uranium properties including the historically defined but undeveloped Monmouth Uranium Deposit.

In the late 1960’s a 44-hole drill program was completed at the Monmouth project for previous owner Northern Nuclear. In 1968 an engineering report by S.W. Evans was filed as a listing prospectus to the Toronto Stock Exchange for Northern Nuclear. 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.

At today’s price the potential uranium resource is worth approximately $117,000,000.

According to the company the Monmouth deposit is close to processing facilities and amenable to low cost mining, crushing, and gravity separation, enabling relatively low production costs.

Nuclear energy produces 19.4 percent of the United States’ electricity (Nuclear Energy Institute, 2008).

The Department of Energy’s Annual Energy Outlook 2008 projects a net increase of approximately 19 gigawatts of nuclear capacity coming online through 2030.

The World Nuclear Association asserts nuclear power, which produces no greenhouse gas emissions, is the most environmentally benign way of producing electricity on a large scale. Without nuclear most of the world would have to rely almost entirely on fossil fuels for base-load electricity production. Nuclear power has a key role to play in reducing greenhouse gases, as every 22 tonnes of uranium (26 t U3O8) used saves one million tonnes of carbon dioxide relative to coal.

Bancroft Uranium has engaged environmental consulting firm Earth Tech Canada to identify how its activities could impact the environment, minimize this impact through ecologically sensitive exploration, development and production techniques, and comply with all environmental laws and regulations.

The company has 2,700 acres under lease on the Monmouth Project plus additional claims totaling 6,300 acres in two other uranium districts in Ontario.

Bancroft, Ontario, known as "the Mineral Capital of Canada" (Bancroft & District Chamber of Commerce), is home to four mines that produced a total of 14,862,653 pounds U3O8 between 1956 and 1982.

The price of uranium remains high at $65 per pound as of April 23, 2008. Uranium generated an 1108% increase in 7 years, from $7.45 per pound in September 2000 to $90 in September 2007, and subsequently hit an all-time high of $138.

Lehman Brothers asserts demand spikes caused by initial core requirements and greater need for reloading fuel due to extensions in the operating life of nuclear plants worldwide will likely lead to further increases in spot prices, predicting prices will continue to rise to $164-$170 by 2009.

The company has engaged Greenspirit Strategies Ltd. for public and media relations. Greenspirit works with leading organizations in forestry, biotechnology, aquaculture, plastics and mining, developing sustainability messaging and communications programs in the areas of natural resources, biodiversity, energy and climate change.

Former Greenpeace President and co-founder Dr. Patrick Moore has joined Bancroft’s advisory board. Dr. Moore is the head of Greenspirit Strategies and has been a leader in the international environmental field for more than 35 years.

On November 30, 2007, Bancroft closed a $3.0 million financing to fund exploration activities.