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Anglo-Canadian Mining Corp
Symbol URA
Shares Issued 58,946,611
Close 2014-09-02 C$ 0.02
Market Cap C$ 1,178,932
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ORIGINAL: Anglo-Canadian retracts use of "resource" for Princeton

2014-09-03 02:48 ET - News Release

Received by email:

File: Anglo-Canadian_2014-09-03_News_Release .pdf

                                NEWS RELEASE

September 03, 2014                               Trading Symbol: URA � TSX.V

                                                 Frankfurt: AU3

                      Princeton Copper Drill Program Update

As a result of a review by the B.C. Securities Commission, Anglo-Canadian
Mining Corp. is issuing this news release to clarify its disclosure. Some of the
information in news releases and MD&A used the term "resource" to describe
the Company's Combination Zone on the Princeton Property. This disclosure
of a "resource" is restricted and not compliant with the standards of
disclosure for mineral projects as set out by National Instrument 43-101 and
could be misleading.

In the Company's news releases, dated January 23, 2013, October 10, 2013,
and December 3, 2013, the Company uses the term "resource" to describe
the Combination Zone.

This also occurs in the Company's MD&A dated December 6, 2013 and in the
MD&A dated June 30, 2014.

The company clarifies that it has not yet received an initial current resource
estimate for its Princeton mineral property, and retracts the use of the
term "resource" with respect to the Combination Zone on the
Princeton Property. The Company also wishes to retract any statements
which imply a resource and cautions readers that there can be no guarantee
that further drilling will allow a Qualified Person to estimate an initial mineral
resource on the Combination Zone.

An exploration target has been estimated by the company and confirmed by
limited drilling. Mineralization occurs in drill holes in an east- west direction
(x) of 220 metres and a north-south direction(y) of 140 metres. The vertical
depth (z) is 0-100 metres. There are 22 holes in the combination zone (the
average distance between holes is 25 metres) and 16 of them carry
mineralization: the range is 0.15-0.77% copper over varying widths. The
potential quality and grade is conceptual in nature, that there has been
 insufficient exploration to define a mineral resource and that it is uncertain if
further exploration will result in the target being delineated as a mineral
resource.

A qualified person has not done sufficient work to classify the
mineralization as current mineral resources. Anglo-Canadian is not
treating the mineralization as current mineral resources . In addition,
there are no historical resource estimates on the Princeton mineral
property.

Further work which would be required to upgrade or verify this
mineralization as follows:

1.        Conduct a drilling and sampling program sufficient to allow for an
          initial current resource estimate.

2.        An initial current resource estimate can then be prepared, providing
          sufficient drilling and sampling is done to satisfy CIM Standards for
          mineral resources.


In the Company's news release dated October 10, 2013, the company stated A NI
43-101 report is expected in the last quarter of 2013. Similar disclosures were
made in the news release December 3, 2013, and in MD&A dated December 6,
2013, December 23, 2013, March 18, 2014 and the most recent June 30, 2014.
The Company made these statements with the intent of completing a Technical
Report based on the drilling results; The Company retracts previous guidance
about the timing of its initial technical report, and is not providing further
guidance about a pending technical report at this time.
James A. Turner, P.Geo., a Qualified Person, has read and approved this release.

About Anglo-Canadian Mining Corp.
Anglo Canadian Mining is a junior mineral exploration company with copper, gold and uranium
properties in Colorado, British Columbia, and Yukon. For more information on the Company
and its projects, please visit the website at www.anglocanex.com

ON BEHALF OF THE BOARD OF DIRECTORS

"Len J.Harris"                              "James A. Turner, PGeo.
Len J. Harris, President                    James A. Turner, Director
T: 604 669 6807 Toll Free: 866 488 3838
E: len@anglocanex.com
 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
 


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