SOURCE: U Mining Resources Inc.

January 22, 2008 08:00 ET

U Mining Resources Inc. Releases 2008 Operational Plan

NEW YORK, NY--(Marketwire - January 22, 2008) - U Mining Resources Inc. (PINKSHEETS: UMNG) today released its 2008 Operational Plan. The Plan has been posted on the corporate website (www.umining.com) in the form of a "Corporate Backgrounder" report prepared by Equiti-Trend Advisors LLC. The Summary section of the report appears below.

When the corporation went through its name change in the spring of 2007, it brought aboard what it considered to be high quality personnel-management, geologists and advisors -- in order to strengthen the organization and position it for sustained growth and success.

With limited working capital, a result of management not wanting to engage in equity financing at these low levels, the Company is relying on projects like this recently announced contract in West Africa to provide income and essentially kick start its other projects.

As soon as it is appropriate, U Mining intends to reveal in more detail its project in West Africa; more importantly its project with Comitrag, a multi million dollar extraction program. This immense contract for U mining is its first of such kind and only minor details are presently in negotiation stages with Comitrag. There is no room for error and a direct business plan approach is being taken by U Mining Staff and its negotiators. U Mining is on the verge of disclosing details on this contract. UMNG Shareholders will be surprised to see that the company has moved up in strength and respect.

U Mining Shareholders will be proud of this company's entrepreneurial move upon release of location and more specific projected revenues.

In addition, U Mining also intends to continue development of its primary divisions, the uranium projects and the green fuel technology in 2008, releasing more information on the plan of action in this first quarter of 2008.

To be added on the Company's mailing list, please speak with the Investor Communications Representatives at U Mining's Investor Relations firm Equiti-Trend Advisors. Reps are available from 9:30 a.m. to 5:30 p.m. EST daily by calling (800) 953-3350. Interested investors are also encouraged to visit the Company's corporate website regularly for updates 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:

    Equiti-Trend Advisors
    (800) 953-3350 U.S. & Canada
    (858) 436-3350 Local