Nova Tech Enterprises Inc. (NTEI)

[was builder]

Gotta love that PR From Monday. Outstanding Shares: 84,190,000 as of 2007-03-15

Estimated Market Cap: 79.98M as of 2007-05-02 (based on Outstanding Shares as of 2007-03-15)

Nice DD worth the read and many leads. http://stockupticks.com/profiles/3-26-07.html



Anyone else here? Looken good from these levels. JMO GLTYA!



LAS VEGAS, May 1, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. ("CanAm" or the "Company") (OTCBB:CAUI) 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.

Forward-Looking Statements

Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on CanAm's website does not constitute a part of this release.
Outstanding Shares: 84,190,000 as of 2007-03-15

Estimated Market Cap: 79.98M as of 2007-05-02 (based on Outstanding Shares as of 2007-03-15)

Nice DD worth the read and many leads. http://stockupticks.com/profiles/3-26-07.html



Anyone else here? Looken good from these levels. JMO GLTYA!