Bancroft Uranium Inc. updated the current activities of the company and the progress of the ongoing drilling program at the Monmouth Uranium Project near Bancroft, Ontario. Bancroft controls an extensive regional play totaling over 9,000 acres of mineral claims in Ontario, Canada that are prospective for uranium. 2,700 acres are currently under lease and being explored at the Monmouth Project. Uranium was discovered at this prospect in the early 1950s when prices were less than $10.00 per pound. Bancroft commenced a 2008 surface diamond drilling program on February 25ththat was designed to drill in areas that returned historic drill results from the 1968 program. This drilling is the start of a process aimed at bringing the historical work into modern N.I. Policy 43-101 compliance, a recognized world mining standard. Once the drill program is complete, engineers will undertake a geological report which will ultimately lead to a uranium resource calculation of the in-situ tons and contained pounds of uranium.

On 04/01/2008, Bancroft Uranium, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Bancroft Uranium Inc. announced that the Company has begun a surface drilling program on the Monmouth Uranium Project near Bancroft Ontario. The program, estimated to total 20,000 feet, will commence drilling operations on February 25th and is anticipated to take approximately six weeks. Drilling will focus on areas in and around the historical drill results from the 1969 program to bring it into modern N.I. Policy 43-101 compliance, a recognized world mining standard. In addition, the drilling will endeavor to extend the known strike length of the skarn which hosts the uranium mineralization in the aim of expanding the current estimated potential at Monmouth. Uranium was discovered at Monmouth in the early 1950s. The operators at that time conducted surface trenching across approximately 1,000 feet that showed grades 0.14% U3O8 (2.8 lbs per ton) over 35 trenches and had limited follow-up drilling. The geology at Monmouth is comprised of uranium crystals disseminated in an altered limestone (skarn) with a thickness of 15-60 feet. This skarn horizon has been mapped for a length of 6,000 feet. Only 1,500 feet of the strike length has been explored to some detail. All historical drill holes cut uranium mineralization ranging from 1/10 pound to over 6 pounds of uranium per ton.