Monday, 10 September, 2007

Market Wire

Centram Exploration Ltd. is pleased to announce that the name of the Company has been changed to Pancontinental Uranium Corporation ("Pancon" or the "Company"). Effective today, shares of Pancon will begin trading under the symbol PUC on the TSX Venture Exchange.

Centram received shareholder approval for the name change at the Annual General Meeting of Shareholders held on July 6, 2007.

Pancon's uranium properties in Australia are held in joint venture with the operator, Crossland Uranium Mines Limited ("Crossland") of Australia, and include an extensive uranium portfolio in the Northern Territory and South Australia. Pancon is earning a 50% interest in Crossland's interest in these properties and all of Crossland's future uranium properties in Australia through the expenditure of A$8 million. Pancon and Crossland also plan to aggressively explore for uranium outside of Australia and have established a private Canadian company, Crosscontinental Uranium Ltd., to which each party will contribute A$2 million.

The name change signifies Pancon's global approach to uranium exploration. The considerable uranium assets combined with a management and operating team with unparalleled experience in the uranium industry distinguish Pancon. This is a further step in the re-branding process of the Company since its joint venture with Crossland was finalized in February of this year.

Chilling Project, Northern Territory (100%)

The Chilling Project covers an area of over 100 kilometres of continuous structures in an area that Crossland believes is favourable for unconformity-related deposits. It is possible that this area mirrors the Jabiluka-Ranger-Koongara corridor of the Alligator Rivers Uranium Field, a prolific uranium mining area in the Northern Territory. The main target zone is relatively unexplored and lies under a sandstone cover, similar to deposits in West Arnhem Land and Saskatchewan. Ground prospecting around known uranium occurrences in the Chilling Project area is underway. A detailed radiometric survey is expected to commence in the September quarter.

Charley Creek, Northern Territory (100%)

The Charley Creek Project titles cover the highly radioactive Teapot Granite uranium target, with reported visible secondary uranium mineralization. The land package includes extensive drainages and sediment basins downstream, possibly containing calcrete and redox-related uranium deposits. These have been outlined by an airborne electromagnetic survey recently completed, and the final report is awaited.

Kalabity, South Australia (Crossland earning 60%)

The Kalabity area was subject to extensive exploration in the past, targeting the KR4 prospect with granite-related davidite uranium mineralization similar to the ore at Radium Hill. There are targets for several styles of uranium deposits, including the iron oxide copper gold deposits like Olympic Dam and Prominent Hill, also located in South Australia. A detailed airborne radiometric survey has been completed and anomalies revealed in that survey are presently being checked in the field.