Bancroft Uranium (fka BCFT)

[roger wilco]

Bancroft Uranium Files 8K on N.I. 43-101 Report for Monmouth Uranium Project

SCOTTSDALE, AZ--(Marketwire - July 29, 2008) - Bancroft Uranium Inc. (OTCBB: BCFT) ("Bancroft" or the "Company") today is pleased to announce that the Company has now received the final engineering report and findings prepared by a third-party engineer and Q.P. ("Qualified Person") on the Monmouth Uranium Project which was prepared under compliance with N.I. 43-101 standards. The report on the 2007 and 2008 work program was commissioned by Bancroft and authored by Mr. Clarence Marchand, P.Eng a Q.P. under N.I. 43-101.

The report has now been filed as an 8-K filing on the EDGAR database and Bancroft has provided a link on the Company's website where the public can easily access the report in its entirety. To view the report, please visit: http://www.bancrofturanium.com/projects/monmouth/43-101report.asp

The N.I. Policy 43-101 report concluded that Monmouth has an inferred resource of 1.4 Million Tons at a grade of 0.5 pounds per ton for a total resource of 700,000 pounds U3O8. Future work will concentrate on further expansion of the newly calculated resource through additional exploration and drilling. Bancroft and its engineers are confident that future work can expand the current compliant resource at Monmouth.

ABOUT BANCROFT URANIUM INC. (OTCBB: BCFT)

Bancroft Uranium Inc. is an exploration Company which intends to develop Uranium assets in North America. Bancroft's initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our uranium properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD
Bancroft Uranium Inc.

P. L. Hammond, C.A.
President and Chief Executive Officer

To find out more about Bancroft Uranium Inc. (OTCBB: BCFT), visit our website at www.bancrofturanium.com.

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