SCOTTSDALE, AZ–(EMWNews – July 31, 2008) – Bancroft Uranium Inc. (OTCBB: BCFT)

(“Bancroft” or the “Company”) today announces that the Company has begun

planning to fully implement the recommendations of the recently completed

43-101 compliant engineering report.

Development planning for the Phase 2 2008 exploration and drilling programs

are now underway. This will focus on expanding the known mineralization in

the skarn rocks as well as an evaluation of the radioactive pegmatite

occurrences throughout the property. As approximately 1/5th of the known

strike length of the uranium bearing rocks have been systematically

explored, excellent potential exists for extension and expansion of the

resource. Bancroft engineers are preparing the scope of work proposal and

detailed budget for this work.

The Phase 2 surface drilling program is planned for immediate follow-up of

50 plus drill holes totaling approximately 10,000 to 15,000 feet. The

objective of this work is to verify mineralogical continuity and tenor as

well as expansion of the deposit. Fill-in holes will be added within the

limits of the 2008 program and additional holes added both along strike and

in both dip directions. This work will also include prospecting, mapping

and sampling in the remainder of the claim block. Additionally, Bancroft is

preparing a detailed budget to take a 50 to 100 ton bulk sample for further

metallurgical testing, verification of the tenor and specific gravity of

the mineralization.

In related news, Bancroft is pleased to announce the appointment of Mr.

Robert McIntosh as the President and CEO of the Company. Mr. McIntosh has

been acting as the Chief Geological Consultant on the Monmouth Project,

working with and advising field operations. Mr. McIntosh brings to Bancroft

25 years of experience in the Mining Industry where he has designed,

implemented and executed exploration, drilling and production mining

operations in various commodities such as gold, base metals and uranium. He

has served as a Director and Officer of many publicly listed companies in

the United States and Canada.

Mr. McIntosh states, “I am pleased to assume the expanded role as President

of Bancroft Uranium and look forward to an exciting future for both the

Company and the Uranium sector. As nuclear power expands to offset sky-high

oil prices, Bancroft will be positioned to take advantage of this

opportunity at Monmouth and other projects. We would like to grow Bancroft

into a producer of U3O8 and feel that we have taken a great step with the

new compliant resource at Monmouth.”

Mr. P. L. Hammond, C.A., remains as Director of Bancroft and will assume

the role of Chief Operating Officer as well as assist in financial matters

pertaining to the Company.

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.

------------------

Robert McIntosh

President and Chief Executive Officer

To find out more about Bancroft Uranium Inc. (OTCBB: BCFT), visit our

website at www.bancrofturanium.com.

Shareholder and Investor Information: 1-866-860-2995 The Investor Relations Group: 212-825-3210 Investor Relations: Rachel Colgate or Michael Crawford or Media Relations: Susan Morgenbesser