Powertech's Dewey-Burdock Project Application Accepted by NRC

• Press Release
• Source: Powertech Uranium Corp.
• On 9:00 am EDT, Wednesday October 7, 2009

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 10/07/09) - Powertech Uranium Corp. (TSX:PWE - News)(Frankfurt:P8A - News) ("Powertech" or the "Company") is pleased to announce that the staff of the U.S. Nuclear Regulatory Commission (NRC) has found the Company's application for its Dewey-Burdock uranium in situ project acceptable for detailed technical and environmental review. The Dewey-Burdock Project is located in Fall River and Custer Counties, South Dakota. The source material license application was resubmitted August 10, 2009.

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Richard Clement, Powertech President and CEO, said, "We are indeed pleased that the NRC has accepted our license application as complete and that the technical and environmental review is underway. We now have two of the federal applications accepted as complete and will soon be submitting the third, to the Bureau of Land Management. The EPA accepted our Underground Injection Control permit application earlier this year. Also, we continue to work closely with the State of South Dakota regarding its comments on the UIC permit application submitted in May of this year."

This news release has been reviewed and approved by Richard Clement, President and CEO of Powertech, under whose direction the company's operations are being carried out. Mr. Clement, P.G., MSc. is a Qualified Person as defined by NI 43-101.

About Powertech Uranium Corp.

Powertech Uranium Corp. is a mineral exploration and development company that, through its Denver-based subsidiary Powertech (USA), Inc., holds the Dewey-Burdock Uranium Deposit in South Dakota, the Centennial Project in Colorado and the Dewey Terrace and Aladdin Projects in Wyoming. The company's key personnel have over 200 years of experience in the uranium industry throughout the United States, and have permitted more than a dozen in-situ operations for production. For more information, please visit www.powertechuranium.com.

POWERTECH URANIUM CORP.

Richard F. Clement, Jr., President & CEO

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

 
Contacts:
Powertech Uranium Corp.
Thomas A. Doyle
CFO, VP Finance
(604) 685-9181
(604) 685-9182 (FAX)
info@powertechuranium.com
www.powertechuranium.com