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American Uranium Announces Intent to Submit License Application

In addition, Strathmore on behalf of the Joint Venture has begun discussions with the Wyoming Department of Environmental Quality in advance of performing certain studies that will be used to support the environmental assessment and engineering documents required for the State Mine Permit and NRC License applications. Initial drilling, coring and baseline groundwater characterization activities are planned for the summer and fall of 2008. Design basis documents and ISR process reviews are being prepared by Strathmore. Data collection will continue for a least one (1) year for those environmental factors that require determination of annual variations. The Joint Venture anticipates submission of the Federal and State applications during the fall of 2009.

The Pinetree-Reno Creek JV Property covers 16,000 acres and is located between AREVA's Christensen Ranch and Cameco's Smith Ranch in-situ recovery (ISR) facilities.

AMERICAN URANIUM CORPORATION is a US uranium exploration and development company which is committed, pursuant to the terms of the Company's joint venture agreement with Strathmore, to spending $12.375 million to earn an initial 22.5% in the PineTree-Reno Creek project and $33 million over 6 years to earn a 60% interest.

STRATHMORE MINERALS CORPORATION is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties in the United States. Headquartered in Kelowna, British Columbia, the Company also has U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico. STRATHMORE MINERALS CORP Common Shares are listed on the TSX Venture Exchange under the symbol "STM".

Legal Notice Regarding Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include: that American Uranium Corporation will be spending $12.375 million to earn an initial 22.5 % in the PineTree-Reno Creek project and $33 million over 6 years; that initial drilling, coring and baseline groundwater characterization activities are planned for the summer and fall of 2008. that design basis documents and ISR process reviews are being prepared by Strathmore; that data collection will continue for a least one (1) year; and that the Joint Venture anticipates submission of the Federal and State applications during the fall of 2009.

It is important to note that the Company's actual outcomes may differ materially from those statements contained in this press release. Factors which may delay or prevent these forward looking statements from being realized include misinterpretation of data; that we may not be able to keep our qualified personnel; that we may not be able to agree with our joint venture partner on a course of action or interpretation of our JV agreement; that our estimates of mineral resources are inaccurate; uncertainties involved in the interpretation of drilling results and other tests and the estimation of resources; that we may not be able to get equipment or labor as we need it; that we may not be able to raise sufficient funds to complete our intended exploration, purchase, lease or option payments; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that analysis of data cannot be done accurately and at depth; that results which we have found in any particular location are not necessarily indicative of larger areas of our property; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's most recent Form 10-KSB and other periodic reports filed from time to time with the Securities and Exchange Commission.

Information Concerning Mineralization and Resources

Reno Creek resources have been estimated in accordance with the definition standards on mineral resources and mineral reserves of the Canadian National Instrument 43-101. U.S. reporting requirements for disclosure of mineral properties are governed by the United States Securities and Exchange Commission (SEC) Industry Guide 7. Canadian and Guide 7 standards are substantially different. This press release uses the terms "indicated" and "inferred" resources. We advise investors that while those terms are recognized and required by Canadian regulations, the SEC does not recognize them. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that enable them to be categorized as mineral resources.