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News Release - Tuesday, October 30, 2007
Centennial Project - Mine Permiting Update
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POWERTECH URANIUM CORP. ("Powertech" or the "Company") is pleased to
announce that activities associated with its mine permit application
for the Centennial Project, in Weld County, Colorado are advancing on
schedule. Several major milestones have been completed to date,
including:

A network of 49 groundwater wells has been completed in the project
area. Some of these wells are being used to perform aquifer tests
through October and November 2007. This testing will characterize the
hydrology of the mineral bearing sands, as well as the stratigraphic
units above and below the mineralized sands. Based on the results of
these tests, aquifer process and restoration studies are scheduled to
be initiated by November 15, 2007. Water samples from these wells have
been collected and will also be analyzed to provide quarterly baseline
water quality data for the project. Included in this network of
groundwater wells are 26 historical groundwater observation wells
completed in the 1980's. The State Engineer complimented Powertech on
its proactive measures to retrofit these wells into the current
groundwater monitoring program.

The program of domestic well sampling is progressing as planned.
Historical analyses show that water used for domestic purposes have
high nitrate and iron mineral content. To date, no registered domestic
water wells have been found to be completed within the mineralized sand
units.

A conceptual three dimensional geologic site model has been completed.
This modeling demonstrates that the proposed in-situ recovery ("ISR")
operation is isolated from existing registered domestic wells.

A surface water monitoring program consisting of 13 stations is in its
third month of operation and representative surface water impoundments
have been sampled.

Terrestrial ecological surveys are underway and are scheduled to be
completed by December 31, 2007.

Cultural resource studies continue. No significant findings have been
reported to date.

Reclamation and radiological profile soil studies have been completed.

The first of three radon flux samples have been obtained.

Gamma radiation transect surveys are underway.

High volume particulate samplers, as well as a meteorological tower,
are ready for instalation pending approval from Weld County.

A coring program was completed in July and August 2007. Samples of
mineralized core have been sent to Energy Labs in Casper, Wyoming for
uranium and metals analyses.

Geotechnical analyses of core samples indicate the mineralized sands
exhibit high horizontal permeabilities, while extremely low vertical
permeabilities are found within confining clay units above and below
the mineralized sands -- ideal conditions for ISR operations. Other
mineralized core samples have been set aside for column leach testing,
which is scheduled to begin in late November 2007. The data from the
column studies will be used to design production wells fields and to
support the aquifer restoration plan.

The preparation of an application to the EPA for an Underground
Injection Control permit has been initiated.

George M. L. Robinson of R Squared, Inc., the prime contractor for the
completion of the mine permit and license application activities,
states "We are on schedule to complete our mine permit applications for
submission in 2008. The federal, state and county regulatory agencies
have been engaged and no significant obstacles have been identified.
The landowners have been cooperative in the development of the baseline
studies. State of the art instrumentation and advanced analytical
methods are being applied to demonstrate and document that the project
will not adversely impact human health or the environment."

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

About Powertech Uranium Corp.
Powertech Uranium Corp. is a Denver-based mineral exploration and
development company that 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 an
aggregate of 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
http://www.powertechuranium.com/


POWERTECH URANIUM CORP. For further information, please contact:

Per: "Richard F. Clement" Thomas A. Doyle, CFO, VP Finance Richard F.
Clement Jr., Phone: (604) 685-9181 President& CEO Email:
info@powertechuranium.com
Powertech Uranium Corp. News ReleasePage 2

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

Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements,
which reflect the expectations of management regarding the Company's
Centennial Project mine permitting and licensing activities and
schedule. Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such statements are
subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained
in the statements. No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if they do
occur, what benefits the Company will obtain from them. These
forward-looking statements reflect management's current views and are
based on certain expectations, estimates and assumptions which may
prove to be incorrect. A number of risks and uncertainties could cause
our actual results to differ materially from those expressed or implied
by the forward-looking statements, including: (1) a downturn in general
economic conditions in North America and internationally, (2) the
inherent uncertainties and speculative nature associated with uranium
exploration, (3) a decreased demand for uranium, (4) any number of
events or causes which may delay or cease exploration and development
of the Company's property interests, such as environmental liabilities,
weather, mechanical failures, safety concerns and labour problems; (5)
the risk that the Company does not execute its business plan, (6)
inability to retain key employees, (7) inability to finance operations
and growth, (8) inability to obtain all necessary environmental and
regulatory approvals, (9) an increase in the number of competitors with
larger resources, and (10) other factors beyond the Company's control.
These forward-looking statements are made as of the date of this news
release and the Company assumes no obligation to update these
forward-looking statements, or to update the reasons why actual results
differed from those projected in the forward-looking statements.
Additional information about these and other assumptions, risks and
uncertainties are set out in the "Risks and Uncertainties" section in
the Company's MD&A filed with Canadian security regulators.

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Copyright (c) 2007 POWERTECH URANIUM CORP. (PWE) All rights reserved.
For more information visit our website at
http://www.powertechuranium.com/ or send
mailto:info@powertechuranium.com
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