SOURCE: U Mining Resources Inc.

October 02, 2007 09:13 ET

U Mining Resources Inc. Announces Acquisition of Revolutionary Diesel Fuel Development Technology

Technology Used to Produce Two Innovative Diesel Fuels Poised to Capture Significant Market Share

NEW YORK, NY--(Marketwire - October 2, 2007) - U Mining Resources Inc. (PINKSHEETS: UMNG) today announced the acquisition of a revolutionary diesel fuel development technology that will be a vital asset in its Green Energy Division. This proprietary technology, based on surfactant chemistry, is used to produce two innovative diesel fuels: a substitute of light diesel and a substitute of heavy diesel. The fuel mixtures are less costly, more efficient, deliver higher performance and are less toxic than currently available fuels on the market that are used in diesel engines of cars, trucks, locomotives and ships and in industrial heating appliances.

The technology emerged from a lengthy and rigorous development and testing process initiated in July 2000 by a privately owned Canadian chemical R&D firm. It was developed in the following chemical labs: INRS Université de Québec, CANMET, Bodycote Technitrol and Engine System Development Center Inc.

The homogenous liquid diesel fuels consist of three components: crude oil, water and surfactant. The technical innovation involves the stimulation of hydrocarbon chain fracturing by water (steam) effect. This process results in superior emulsion stability as well as enhanced diesel motor performance in different applications (e.g. cars, trucks, locomotives, ships, electric power generators, residential and industrial heating). This hydro-thermo reaction method, which occurs within oil-water emulsion, is protected by a Canadian patent.

Key Advantages of Two New Diesel Fuels vs. Traditional Diesel Fuels

--  Selling price, including a 10% profit margin, will be 35% lower than
    traditional diesel fuels
--  Costs 20% less to produce than the diesel fuels available on the
    market
--  Toxic emissions will be 5 to 30% lower than traditional light diesel
    fuels
--  Generates 7% more output from a diesel engine because of the water
    present in the mixture
--  Engine corrosion is prevented due to water condensation on the bottom
--  Prevention of cylinder and piston corrosion because of lower
    combustion temperature
    

The light and heavy crude oil utilized in the mixtures will be sourced from Alberta, Newfoundland and Faja Orinoco, Venezuela. The fuel will be developed in an industrial location close to the harbor in Montreal, Quebec, Canada.

Further details related to this acquisition and the fuel development and commercialization strategy will be disclosed in short order.

For more information on U Mining Resources Inc., please visit the Company's corporate website at www.umining.com, and/or speak with one of the Investor Communications Representatives at U Mining's Investor Relations firm Equiti-trend Advisors. Reps are available on market days from 9:30 a.m. to 5:30 p.m. EDT by calling (800) 953-3350.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Investor Relations
    Equiti-trend Advisors
    (800) 953-3350