American Uranium Acquires Historic Reno Creek Drill Data.

DENVER -- American Uranium Corporation ("American" or "the Company") (OTCBB:AUUM) is pleased to report that on November 21, 2007 the Company completed the acquisition of all historic drill data for the Company's joint venture land holdings at the Reno Creek uranium deposit in Campbell County, Wyoming. The data for the property was acquired pursuant to the Company's data purchase agreement with Power Resources, Inc. The data package contains digitized and paper logs for about 1,100 drill holes as well as related testing and permitting documents. The Pinetree-Reno Creek properties have been joint-ventured with Strathmore Minerals Corp.

American's CEO Dr. Robert Rich said: "We believe the acquisition of this data package is extremely important and exciting because we expect it will advance the development of the Reno Creek ISR project by 1-2 years, reduce drilling costs, and make feasible the preparation of an NI 43-101 Report for the Reno Creek resource."

Historical resources for the West Reno and Section 36 properties total 6 million lbs U3O8. The joint venture with Strathmore controls a total of 16,000 acres in the Reno Creek area. Confirmatory drilling, geologic/hydrologic testing, and permitting activities are planned for 2008.

AMERICAN URANIUM CORPORATION (OTCBB:AUUM) is a uranium company focused on exploring and developing uranium properties in the United States. Current properties and potential future acquisitions give American the expectation of medium-term production. American Uranium successfully raised $6 million in August 2007, and there are currently 45,566,829 shares outstanding in the company.

Forward Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.

Forward-looking statements in this news release include: that the acquisition of the data package is extremely important because we expect it will advance the development of the Reno Creek ISR project by 1-2 years, reduce drilling costs, and make feasible the preparation of an NI 43-101 Report for the Reno Creek resource and that confirmatory drilling, geologic/hydrologic testing, and permitting activities are planned for 2008. 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 raise sufficient funds to complete the payment obligations; that weather, new equipment may not perform as anticipated; logistical problems or hazards prevent us from exploration, development or from fulfilling our joint venture obligations once formed; the likelihood that no resource is available for exploitation on these properties; that we may not be able to attract or retain key employees or advisors in the current competitive environment; that results that we have found in any particular holes are not necessarily indicative of larger areas of our property; we may not be able to reach agreement with Strathmore on aspects of our agreements; and that despite encouraging data there may be no commercially exploitable mineralization on the properties based upon the applicable world uranium prices and the quality or grade of the resource. Readers should refer to the risk disclosures outlined in our periodic reports filed on Edgar with the Securities and Exchange Commission.