CanAm Uranium Corp Responds to BC Government Halt of Uranium Exploration and Labrador Inuit Halt

Bellingham, WA - (WORLD STOCK WIRE) - April 29, 2008 -- CanAm Uranium Corp. (OTCBB:CAUI) is pleased to respond to the BC Government halt of Uranium Exploration and concerns in Labrador wih regards to the Labrador Inuit assembly vote to halt uranium mining activity for three years. CanAm Uranium Corp is not exploring the properties optioned in BC at this time, known as the OK Lake Claims Option, and does not explore for Uranium in Labrador.

The OK Lake Claims remain a low priority in CanAm Uraniums exploration program. CanAm Uranium is currently focused on the properties in prolific Uranium mining areas, such as the Wheeler Beckett and Don McCarthy Properties in the Athabasca Basin Saskatchewan, which remains a friendly jurisdiction for Uranium producers and exploration.

In Canada, the Athabasca Basin that straddles the Alberta-Saskatchewan border is considered one of the most favourable places in the world for exploring and mining uranium. The Athabasca Basin occupies an area of about 100,000 sq km in northern Saskatchewan accounts for approximately 30% of global primary uranium production, a figure which is expected to increase significantly by the end of the decade. The spot price for Uranium (U3O8) has steadily increased from its low of US$7.10 per pound at the end of 2000 to its current price April 21st 2008 of US$65.00 per pound. In addition, the rate of growth is accelerating with the annual price growth increasing.

The Wheeler Beckett Claims were optioned from Northwind Resources, owned by former geologist of Cameco (12 years), because of their proximity to large, high-grade mines and for potential to host similar mineralization as the Eagle Point Mine. The Claims are located on the eastern edge of the Athabasca Basin approximately 40 kilometers from the McArthur River Mine (Cameco/Cogema), the largest, high-grade uranium mine in the World (reserves of 389.1 million lbs with an average grade of 24.3% U3O8 and producing 18.7 million lbs per annum). The property is adjoined to the upper portion of the JNR claim listed as the source of the Hook Lake sample showing of 48% U3O8, to see the proximity click here: http://canamuranium.com/sites/bce/files/Wheeler_Beckett_Athabasca_Basin_Map.jpg

The Don McCarthy Claim is a single 4087-hectare claim (10100 acres), previously controlled by International Uranium Corp/Denison Mines Corp., which still has a significant presence in the area. The Claim is considered to be a high priority target due to its proximity to large, high-grade uranium mines and its potential to host similar mineralization. The Claim is located on the eastern edge of the Athabasca Basin, approximately 15.8 miles (25.5km) southeast of Cigar Lake and 25.5 miles (41km) east of the McArthur River Mine (Cameco/Cogema).

The Airborne Survey Report on the Wheeler Beckett and Don McCarthy Claims, completed in December and released April 8th 2008, have provided CanAm Uranium Corp with several bonafied drill targets and zones of interest for exploration.

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", "could" "bonafied" 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 volatility of uranium prices, the possibility that exploration efforts will not yield economically recoverable qualities of uranium, accidents and other risks associated with uranium exploration and development operations, the risk that CanAm will encounter unanticipated geological factors, CanAm Uranium's need to obtain additional financing, the possibility that CanAm may not be able to secure permitting and other governmental clearances necessary to carry out CanAm Uranium's exploration and development plans, and other risks factors discussed in greater detail in CanAm Uranium's filings with the U.S. Securities and Exchange Commission. 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 Uranium's website does not constitute a part of this release. Information within this release is not NI-43101 Compliant.

About Us
CanAm Uranium Corp. is a Nevada incorporated junior resource company with a corporate objective focused on the strategic acquisition and development of exploration properties in well-known prolific mining areas, especially known for Uranium, of Canada, Southern Africa, Australia and the United States. CanAm Uranium Corp. has optioned claims collectively within the Saskatchewan Athabasca Basin, Ontario and British Columbia, with significant interest in prolific Uranium mining areas.

http://www.CanAmUranium.com



David Hayes, CFO and CEO
Canam Uranium Corp
4th Floor, Crown Plaza Building
114 W. Magnolia Street #424
Bellingham, WA 98225
USA

Phone: 206-274-7598
Fax: 206-299-3484


Source: Canam Uranium Corp
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