SOURCE: U Mining Resources, Inc.

November 14, 2007 09:46 ET

U Mining Resources, Inc. Announces Acquisition of Uranium Mining Claims in James Bay Region of Northern Quebec

Presence of Uranium Confirmed by Technical Reports Submitted to Quebec Ministry of Natural Resources

NEW YORK, NY--(Marketwire - November 14, 2007) - U Mining Resources, Inc. (PINKSHEETS: UMNG) today announced the acquisition of a 100% interest in 12 mining claims located in the James Bay region of Northern Quebec, Canada. The claims cover approximately 660 hectares in the 33H12 area. According to past Geological Technical Reports on the claims (MRNQ File GM-34038, GM-34039, etc.), uranium grades from surface samples were in the range of 81.5 to 128.5 PPM U3O8.

This acquisition provides U Mining with a strong foothold in an area with a documented occurrence of uranium mineralization, and it is a major milestone towards the Company's ultimate goal of becoming a uranium-producing and profitable company. U Mining plans to conduct further exploratory work to determine the amount of uranium reserves on the claims. Further details on the claims, including the Uranium Grade Chart, will be furnished to shareholders in short order.

About the James Bay Region

The James Bay region is characterized by two important volcanic belts, namely Eastmain and La Grande. Due to the development of large hydroelectric dams over the past 25 years, the region is endowed with an important infrastructure that offers accessibility by road on an annual basis, as well as supplying valuable services such as electricity, airports and hotels. The claims are situated roughly 1/2 km. from a paved road leading to the LG-4 Airport, which is 25 km. to the northeast. In addition, the claims are approximately 100 km. west of Hydro-Quebec's LG-4 power station.

To receive information letter and be added on the Company's mailing list, 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. EST by calling (800) 953-3350.

Or visit the Company's corporate website at www.umining.com.

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