Diagnos Inc.
TSX VENTURE : ADK

Diagnos Inc.

November 26, 2007 14:40 ET

US Gold Will Use DIAGNOS' Artificial Intelligence Technology to Target Gold, Silver and Copper in North-Central Nevada

BROSSARD, QUEBEC--(Marketwire - Nov. 26, 2007) - US Gold will use DIAGNOS' (TSX VENTURE:ADK) Artificial Intelligence technology to target gold, silver and copper in north-central Nevada Brossard, Quebec, Canada - November 26, 2007 - DIAGNOS inc. ("DIAGNOS" or the "Corporation") (VENTURE TSX: ADK), a leader in the use of artificial intelligence ("AI") and advanced knowledge extraction techniques, announced today that US Gold (AMEX/TSX: UXG) will use its technology on a large land area with the purpose of identify new targets for gold, silver and copper on its properties of north-central Nevada. The surface to be analyzed represents approximately 15,000 square kilometres.

Highlights of the business contract:

- The right to use the service is for a fee of $195,000 CDN;

- A bonus of 100,000 common shares of US Gold for any new economic discovery made on a DIAGNOS target;

- An extra success bonus for each economic discovery made on unclaimed land acquired by US Gold using DIAGNOS' technology will be granted to DIAGNOS in the form of an NSR of 2%, of which 1% can be bought back at any time for $1,000,000 CDN;

- In the case that US Gold makes an economic discovery on a property it acquires or joint-ventures based on DIAGNOS' technology, and to which an NSR is already attached, an extra bonus of 500 000 common shares will be paid instead of an NSR.

"We are very intrigued with the DIAGNOS technology, and are excited by the prospect of generating new economic mineral discoveries in the State of Nevada", said Rob McEwen, Chairman and CEO of US Gold. "Our industry needs to innovate and embrace new exploration tools to be successful."

DIAGNOS' president, Mr Andre Larente, is very pleased and enthusiastic with this contract that marks a turning point in the history of DIAGNOS and its Natural Resources Division. "Every client we have deserves the best! Working for US Gold is a privilege and we will make sure to uphold our reputation for excellence."

DIAGNOS, a multidisciplinary corporation, can count on a 17-people team among which seven professionals in geophysics and geology; artificial intelligence specialists, mathematicians, imagery and remote sensing. This team is helped by a dynamic administration and marketing and sales force to help serve its mining sector clientele at its very best. In addition to the data mining and the predictions of the best drilling targets, the Natural Resources Division acquires and sells properties and offers project management services. This horizontal integration makes DIAGNOS, the leader in its sector of industry.

About DIAGNOS

DIAGNOS inc. has developed data mining software and provides data mining services. The Corporation designed and developed MCubiX, a data mining software suite capable of extracting knowledge from historical data - in the form of images, text or traditional databases - and making predictions that improve business processes and decision making ability. CARDS (Computer Aided Resource Detection Software) can be applied to several sectors of prospecting, such as diamond, gold, zinc, copper and the oil and gas, and each one of these resources require a distinct methodology endorsed by the application. CARDS is an excellent tool in exploration which major utility is time and money saving and increased efficiency. For further information, please visit our Website at www.diagnos.ca. The Corporation's objective is to develop a royalty stream by significantly enhancing and participating in the exploration success rate of mining and oil and gas companies.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • DIAGNOS inc.
    Andre Larente, President
    450-678-8882, ext. 24
    alarente@diagnos.ca
    or
    DIAGNOS inc.
    Jacqueline Monfourny, Vice-President -
    Natural Resources Division
    450-678-8882, ext. 35