Powertech Uranium Resources

criteria. This knowledge gave us the confidence to aggressively
pursue this acquisition," says Mr. Bonner.

A qualified person (as that term is defined in National Instrument
43-101) has not done sufficient work to classify the historical
estimate on the Centennial Project as a current mineral resource or
mineral reserve. Powertech is not treating the historical estimate as
a current mineral resource or mineral reserve as defined in National
Instrument 43-101 and the historical estimate should not be relied
upon. Powertech has obtained the entire technical database related to
the one million feet of drilling and intends to perform a NI-43-101
compliant study on the Centennial Project.

Terms of Agreement

As consideration of the purchase of the Anadarko uranium mineral
rights, Powertech will make an initial cash payment of US$1,000,000,
eight installment payments of US$250,000 per annum, and a lump sum
payment of US$1,500,000 upon receipt of all regulatory permits and
licenses allowing production of uranium from the Centennial Project.
Powertech has also agreed to a minimum annual work commitment of
US$200,000 until uranium is produced from the Centennial Project and
to pay a royalty of 5% to 6% of the value of the uranium and
byproduct mined from the Centennial Project.


Richard F. Clement Jr., President/CEO of Powertech, says, "We are
extremely pleased to have reached an agreement with Anadarko.
Opportunities such as this are rare, and we look forward to
initiating activities leading to the further development of this
project."

Powertech Uranium Corp. is a mineral exploration and development
company that holds the Dewey Burdock Uranium Deposit in South Dakota,
and the Dewey Terrace Exploration Project in Wyoming, and the
Centennial Project in Colorado, USA.

POWERTECH URANIUM CORP.

Richard F. Clement Jr., President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
News Release.


Contacts:
Powertech Uranium Corp.
Thomas A. Doyle
CFO
(604) 685-9181
(604) 685-9182 (FAX)
Email: info@powertechuranium.com
Website: www.powertechuranium.com

A drilling contractor has been selected, and drilling is expected to commence in late June or early July. The drilling process is anticipated to take four to six weeks once work begins.

Powertech intends to submit the necessary permit applications for in situ recovery operations to the United States Environmental Protection Agency, the Colorado Department of Public Health and Environment, the Colorado Department of Natural Resources, and Weld county in the second half of 2008.

In addition, Powertech has selected a strategic communications agency, Peter Webb Public Relations (Webb PR), to develop its community relations and media relations plans surrounding the Centennial project. Webb PR's team focuses on the mining sector and has extensive experience hosting public meetings, co-ordinating the public aspects of permitting and project siting. On behalf of Powertech, Webb PR has launched a call-in information line in regard to the permitting stage of the project.

Members of the Weld county community and interested parties seeking information on the Centennial project may call the newly launched information line at 303-898-4240 or toll-free at 1-877-798-4240. Messages left will receive a response within 24 hours, Monday to Friday, between 8 a.m. and 5 p.m. Mountain Time. On July 19, 2007, Powertech will host an open-house information meeting to give members of the public the opportunity to personally meet the Powertech team, ask questions and learn the facts on the Centennial project. The meeting will take place at the Nunn Town Hall at 4 p.m. to 7 p.m. Additional meeting details will be circulated to community members and news media soon.

© 2007 Canjex Publishing Ltd.

Knight Piesold and its team of multidisciplinary engineers and environmental consultants will be performing the environmental and technical studies required by the regulatory authorities for Fall River and Custer counties, the state of South Dakota, the U.S. Nuclear Regulatory Commission and the U.S. EPA. The Knight Piesold team includes RESPEC, a well-known and respected environmental firm located in Rapid City, S.D., Environmental Restoration Group (ERG), an Albuquerque, N.M., firm specializing in radiation monitoring and safety, and BKS Environmental Associates Inc. (BKS), located in Gillette, Wyo., which specializes in issues relating to soils and vegetation. Knight Piesold and its team of consultants expect to have the permit and licence applications ready to submit by the end of 2008, or early 2009.

Knight Piesold is an international environmental, engineering and construction services consulting firm located in Denver, Colo., serving domestic and international mining clients since 1921 (since 1985 from its Denver office). Its principal, Barbara Filas, is a past president of the Society for Mining, Metallurgy and Exploration (SME). RESPEC, an employee-owned firm, has been providing environmental services for 25 years, and has a memorandum of understanding with the South Dakota School of Mines and Technology (SDSM&T) that allows professors and students to participate in its projects. BKS has been providing its services to the mineral extraction industry (including oil and gas) since 1981. ERG was incorporated in New Mexico in 1991 for the purpose of providing radiological consulting services to the nuclear industry.

Richard Clement, President of Powertech, comments: "Powertech is very pleased with the team of experts assembled by Knight Piesold for this project. I am particularly pleased that a significant portion of the work will be performed by South Dakota environmental consultants as well as experts from the South Dakota School of Mines & Technology. I am confident that the Knight Piesold team will procure the necessary permits and licences in a professional and timely manner."