**EXHIBIT
      99.1**




**CanAm
      Uranium Announces Airborne Survey Results and
      Interpretation**





Tuesday
      March 18, 3:34 pm ET




LAS
      VEGAS, March 18, 2008 (PRIME NEWSWIRE) — CanAm Uranium Corp. (OTC BB: CAUI.OB - News )
      is
      pleased to announce the public availability of the airborne EM survey images
      of
      the Wheeler-Beckett and Don McCarthy Properties with comments on the Survey
      by
      third party geologist Peter Wallcott and Associates.




CanAm
      completed its airborne EM survey on the Wheeler Beckett and Don McCarthy claims
      in the eastern Athabasca Basin and a third party interpretation. Both claims
      have shown potential to host unconformity-style uranium mineralization
      associated with conductive zones, similar to that discovered by IUC/JNR
      Resources at Moore Lake, which lies just to the southwest. A total of
      approximately 4600 flight line kilometers were completed. CanAm received the
      survey dataset in late November 2007 and has received the interpretation for
      public release.




“The
      data
      opens up the opportunity for CanAm to enter into joint venture discussions
      immediately. The company expects to receive the recognition for its merritorious
      projects in the Athabasca Basin by potential joint venture partners wanting
      to
      get a foothold in the Basin through CanAm. With recent positive results from
      companies exploring the Basin, we feel confident in the value we bring to the
      table,” says David Hayes, Chairman of CanAm Uranium Corp.




The
      images are available for download at:




Don
      McCarthy




http://canamuranium.com/sites/bce/files/property/VerticalMag.bmp




http://canamuranium.com/sites/bce/files/property/conductivity.bmp




http://canamuranium.com/sites/bce/files/property/stack.bmp




http://canamuranium.com/sites/bce/files/property/MagDonMCandGiekieRiver.pdf




Wheeler
      Beckett




http://canamuranium.com/sites/bce/files/property/Ur3.pdf




http://canamuranium.com/sites/bce/files/property/Ur4.pdf




http://canamuranium.com/sites/bce/files/property/Ur5.pdf




http://canamuranium.com/sites/bce/files/property/SOUTHERNcopy.jpg **
      Anomoly connected to JNR Resources Way Lake




Comments
      on Survey By third party Geologist PETER WALLCOTT & ASSOC




Don
      McCarthy





The
      apparent conductivity calculated for the dB/dt Z coil channel 2 and the B Field
      X coil channel 3 showed the northern and northwestern parts of the survey area
      to exhibit higher conductivity for the most attributable to conductive cover
      as
      can be seen from the conductivity depth image plots (``CDI’s’’). A smaller area
      of higher conductivity with increasing conductivity at depth — see
      CDI’s — can be seen near the south eastern corner of the block coincident
      with a small elongated magnetic high.





Wheeler
      Beckett





Numerous
      northerly and northeasterly conductive trends can be seen on the respective
      plots of the dB/dt Z coil channel 2 and B field X coil channel 3 — mapping for
      the most surface features. These are mostly coincident with water bodies and
      are
      thought to be attributable to conductive lake bottom sediments. The strong
      north
      northeasterly striking high seen near the eastern extremity is coincident with
      a
      chain of lakes and streams and also with a series of magnetic lows offsetting
      similar highs, and is thought to represent a major fault structure.





Another
      prominent northerly trending magnetic low can be seen trending parallel to
      the
      lower corner of the plotted data trending through a series of lakes and
      drainages. This is coincident with higher conductivities in the water covered
      areas as seen on the respective conductivity maps as well as with the strong
      amplitude response on the B Field X channel 5. However lower conductivities
      are
      observed associated with the remaining part of the structure as seen on the
      plot
      of the B field conductivity. The CDI’s for this survey were not supplied for
      review but should be studied over the above noted structures as well as over
      the
      remainder of the survey area in the search for increasing conductivity with
      depth.





In
      addition the respective profile plots of the collected data should be perused
      in
      an endeavour to pick isolated conductor axes that could have graphitic material
      as their causative sources.





For
      more
      information on CanAm Uranium Corp, please go to the website http://www.canamuranium.com and join
      the company newsletter.





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’’ 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.





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
      over 159,000 acres of claims collectively within the Saskatchewan Athabasca
      Basin, Ontario and British Columbia, with significant interest in prolific
      Uranium mining areas. http://www.CanAmUranium.com .








*Contact:*


CanAm
      Uranium Corp.


David
      Hayes, CFO


(206)
      274-7598


Fax:
      (206) 299-3484


www.canamuranium.com







Source:
      CanAm Uranium Corp.