SOURCE: U Mining Resources Inc.

November 08, 2007 11:03 ET

U Mining Resources Inc. Opens Tender for Construction of Oil and Gas Pipeline in West Africa

Company Expects to Sign Pipeline Construction Contract With West African Nation Within Next 4-5 Working Days

NEW YORK, NY--(Marketwire - November 8, 2007) - U Mining Resources Inc. (PINKSHEETS: UMNG) today announced that, in anticipation of contract signing, it has opened tender for the construction of an oil and gas pipeline in West Africa. The Company has commenced an open and competitive tender process to ensure the timely and proficient execution of this major, multi-million dollar pipeline construction contract.

This tender process will facilitate the contracting of international engineering and construction firms that possess extensive experience and expertise in the development and reliable operation of energy infrastructure, namely oil and gas pipelines. The contract involves the construction of a 250-mile pipeline that will transport the West African nation's oil and gas reserves to its major harbor.

Further information on this pipeline construction contract with the West African nation will be provided to shareholders upon signing, which should occur within the next 4-5 working days.

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