SOURCE: U.S. Precious Metals, Inc.

August 25, 2010 08:00 ET

US Precious Metals, Inc. Announces Drilling Assay Results

LAKE MARY, FL--(Marketwire - August 25, 2010) -  U.S. Precious Metals, Inc. (OTCBB: USPR) ("USPR" or the "Company") USPR announced today the drilling campaign on the La Sabila concessions in Michoacán continue; eleven holes were drilled to define potentially mineable areas and to explore other areas within the concession boundaries for potential precious metals. 

Included in this press release are the assay results for drill holes one through four. Both gold and silver are shown in grams per ton and copper disclosed in percent. Drill holes one through six were drilled south of the main zone to define and explore a vein that had been previously mined years ago using old fashioned mining methods. Drill hole LS10-005 unexpectedly intersected 2 meters of high grade precious metals about 225 meters below the surface. Drill holes seven through eleven targeted other areas based on characteristics. Hole LS10-011 drilled near the northern edge of the main zone between the north and the main zones was encouraging with precious metals occurring in frequent and continuous intercepts within a 20 meter section. Further information regarding the assay results for drill hole 11 will be provided upon completion of the logging, sampling and assaying process.

Intercore, the drilling contractor based in Guadalajara, provided superior drilling services to USPR with an average production rate of 75 meters of core per day. The core was transported four days per week by USPR staff to the Morelia core lab for processing. Sheldon Baer, Chief Operations Officer, said today that the core is being processed as quickly as possible and the continued effort by all the employees of the Mexican subsidiary has been a credit to the drilling campaign. Core samples are being shipped to ALS Chemex, Guadalajara for grinding and pulverizing and then shipped to Canada to their Lab for assaying. The turnaround time has been about 14 days.

Road repair and construction were ongoing during the drilling campaign. A new road was constructed to USPR's high profile drilling target, the Cuendeo prospect, about 2 kilometers south of the main zone. This was done to access Cuendeo from the main zone without using the public access road. Field reconnaissance had identified additional quartz sulfide veins between the two zones thus the new road has provided access for additional drill targets. 

In other USPR news the reorganization of the management team is in progress. Mr. Baer also said today that the strategy by the Board of Directors was to appoint board members with mining experience and to employ additional technical staff in the assessment and evaluation of the La Sabila concessions. In addition, the concession area is large and difficult to access. Consequently the new technical staff will be completing grassroots exploration within the remote areas of the concessions.

All assay data reported here, as received from ALS Chemex

SAMPLE   Recvd Wt.     Au     Cu     Ag     Ag
DESCRIPTION   kg     gpt     %     gpt     gpt
LS10-001-1   0.62     0.38     0.102     2.2      
LS10-001-2   0.8     0.73     0.071     0.7      
LS10-001-3   1     0.14     0.065     1.2      
LS10-001-4   1.18     1.28     0.098     3.4      
LS10-001-5   1.14     11.85     1.36     52      
LS10-001-5A   0.98     4.01     0.768     18.4      
LS10-001-6   1.46     5.68     1.75     46.6      
LS10-001-7   1.2     33.8     2.46      > 100     150
LS10-001-8   0.92     0.34     0.469     14.2      
LS10-001-9   1.5     1.36     0.955     39.7      
LS10-001-10   1.34     0.05     0.053     1.9      
LS10-001-10A   1.42     0.03     0.01     0.7      
LS10-001-11   1.4     0.03     0.002     2.9      
LS10-001-12   1.6     0.07     0.164     22      
LS10-001-13   1.48     0.1     1.165     69.4      
LS10-001-14   1.46     0.24     4.77      > 100     254
LS10-001-15   0.96     0.24     0.579     58.8      
LS10-001-15A   0.8     0.41     0.447     47.3      
LS10-001-16   1.4     0.03     0.109     8.9      
LS10-001-17   1.9     0.02     0.009     1      
LS10-001-17B   0.46     0.01     0.003     1.1      
LS10-001-18   1.26     0.01     0.127     3.8      
LS10-001-19   1.7     0.04     0.913     23.7      
LS10-001-20   1.5     0.06     0.253     6.9      
LS10-001-20A   1.2     0.02     0.143     3.5      
LS10-001-21   1.2     0.03     0.248     14.2      
LS10-001-22   1.24     0.96     0.496     42.4      
LS10-001-23   0.64     0.04     0.002     2.6      
LS10-001-24   1.22     0.01     0.182     5.8      
LS10-001-25   1.24     0.02     0.005     0.5      
LS10-001-26   1.22     0.14     0.5     17.4      
LS10-001-27   1.28     0.17     3.68      > 100     159
LS10-001-28   1.38     0.01     0.155     5.3      
LS10-001-29   1.34     0.09     0.676     43.3      
LS10-001-30   0.9     0.07     0.063     12.2      
LS10-001-31   1.06     0.02     0.301     15.8      
LS10-001-32   1.12     0.01     0.117     4.8      
LS10-001-33   1.08     0.01     0.161     8.6      
LS10-001-34   1.2     0.01     0.014     0.8      
LS10-001-35   1.2     0.02     0.142     6.1      
LS10-001-36   0.96      < 0.01     0.165     5      
LS10-001-37   1.12     0.01     0.114     4.2      
LS10-001-38   1.02     0.01     0.001     0.2      
LS10-001-39   1.18     0.17     3.49      > 100     169
LS10-001-40   0.96     0.03     0.612     29.6      
LS10-001-41   0.84     0.39     1.78     72.7      
LS10-001-42   0.82     0.13     0.12     9.5      
LS10-001-43   1.24     0.15     0.09     8.5      
LS10-001-44   0.94     0.05     0.082     2.9      
LS10-001-45   1.34     0.04     0.075     2.6      
LS10-002-01   0.64     7.38     0.645     49.5      
LS10-002-02   0.9     66.5     0.349     64.5      
LS10-002-03   0.94     3.46     0.534     17.2      
LS10-002-04   0.7     0.03     0.021     0.6      
LS10-002-05   1.46     0.1     0.007     0.4      
LS10-002-06   1.12     0.16     0.005     2.1      
LS10-002-07   1.34     0.1     0.003     1.7      
LS10-002-08   1.14     0.33     0.104     15.1      
LS10-002-09   1.3     0.14     0.034     3.8      
LS10-002-10   1.1     0.87     0.039     13.2      
LS10-002-11   0.84     0.02     0.009     0.6      
LS10-002-12   1.28     0.08     0.114     3.6      
LS10-002-13   0.84     0.02     0.004     0.5      
LS10-002-14   0.5     0.02     0.074     1      
LS10-002-15   0.88     0.79     0.279     4.7      
LS10-002-16   1.22     0.16     0.156     3.5      
LS10-002-17   1.18     0.35     0.17     3.7      
LS10-002-18   2.14     1.02     0.244     7.8      
LS10-002-19   1.04     4.22     0.876     14.8      
LS10-002-20   1.32     0.98     0.221     11.6      
LS10-002-21   1.32     0.27     0.038     2.9      
LS10-002-22   1.34     0.1     0.07     1.5      
LS10-002-23   0.78      < 0.01     0.001     0.3      
LS10-002-24   0.88     0.01     0.171     5.1      
LS10-002-25   1.08     1.08     0.376     22.4      
LS10-002-26   1.18     4.67     0.99     44.9      
LS10-002-27   0.7     37     4.37      > 100     158
LS10-002-28   1.02     6.54     0.616     27      
LS10-002-29   1.02     0.97     0.094     4.8      
LS10-002-30   0.56     1     0.288     12.3      
LS10-002-31   1.54     0.11     0.075     5.4      
LS10-002-32   1.32     6.8     0.663     24.4      
LS10-002-33   1.42     0.18     0.133     3.5      
LS10-002-34   1.24     5.25     0.464     18.8      
LS10-002-35   1.28     5.22     1.55     49.1      
LS10-002-36   1.32     0.17     0.099     3.6      
LS10-002-37   1.2     0.23     0.01     0.5      
LS10-002-38   1.18     0.09     0.02     0.7      
LS10-002-39   1.12     1.5     0.378     7.3      
LS10-002-40   1.04     1.89     0.293     6.7      
LS10-002-41   1.38     0.01     0.002     0.4      
LS10-002-42   1.08     1.11     0.06     8.2      
LS10-002-43   0.88     0.16     0.029     0.9      
LS10-002-44   1.14     0.05     0.121     2.8      
LS10-002-45   1.02     0.02     0.036     0.7      
LS10-002-46   0.96     0.01     0.03     0.9      
LS10-002-47   0.86     0.2     1.275     33.8      
LS10-002-48   1.14     0.02     0.006     0.3      
LS10-002-49   1.38     1.43     3.58      > 100     114
LS10-002-50   1.2     0.25     0.015     0.4      
LS10-002-51   1.14      < 0.01     0.036     1.5      
LS10-002-52   1.2     0.02     0.012     0.5      
LS10-002-53   1.34     0.01     0.003     0.7      
LS10-002-54   1.42     0.06     0.002     0.7      
LS10-002-55   0.86     0.06     0.004     0.9      
LS10-002-56   0.98     0.01     0.005     0.6      
LS10-002-57   1.02     0.02     0.004     0.7      
LS10-002-58   1.3     0.2     0.006     2.1      
LS10-002-59   0.84     0.02     0.001     0.8      
LS10-002-60   1.2     0.05      < 0.001     1.6      
LS10-002-61   1.12     0.05     0.002     4.8      
LS10-002-62   1.54     0.04     0.003     0.8      
LS10-002-63   1.42     0.11     0.003     0.8      
LS10-002-64   0.98     0.08     0.005     1      
LS10-002-65   1.54     0.03     0.004     0.2      
LS10-002-66   1.78     0.03     0.003     0.7      
LS10-002-67   1.3     0.29     0.076     5.1      
LS10-002-68   1.48     0.25     0.303     6.4      
LS10-002-69   1.2     0.08     0.08     2.6      
LS10-002-70   1.28     0.05     0.002      < 0.2      
LS10-002-71   1.52     0.17     0.006     0.6      
LS10-002-72   1.54     0.05     0.002     1      
LS10-002-73   1.48     0.14     0.005     1.4      
LS10-03-1   0.38     3.79     1.405     37.4      
LS10-03-2   1.14     0.07     0.013     0.7      
LS10-03-3   1.1     0.05     0.002     0.8      
LS10-03-4   1.18     0.31     0.763     52.2      
LS10-03-5   0.4     0.13     0.027     3.5      
LS10-03-6   0.98     0.04     0.074     3.1      
LS10-03-7   1.46     0.26     0.064     2.3      
LS10-03-8   1.3     0.09     0.029     1.2      
LS10-03-9   0.98     0.14     0.05     12.2      
LS10-03-10   1.48     0.35     0.192     19.3      
LS10-03-11   1.06     0.31     0.124     2.9      
LS10-03-12   1.12     0.13     0.332     11.8      
LS10-03-13   1.1     3.39     1.735     > 100     140
LS10-03-14   1.2     0.43     0.522     26.2      
LS10-03-15   1.14     1.59     0.602     32.5      
LS10-03-16   1.38     1.27     0.264     18.8      
LS10-03-17   1.04     0.39     0.165     6.7      
LS10-03-18   1.08     3.89     1.4     82.9      
LS10-03-19   1.24     2.14     1.465     70.1      
LS10-03-20   1.16     0.11     0.06     2      
LS10-03-21   1.2     2.09     1.3     44.1      
LS10-03-22   1.34     0.14     0.772     25.2      
LS10-03-23   1.1     2.59     1.12     > 100     112
LS10-03-24   1.12     0.1     0.188     9.8      
LS10-03-25   1.04     1.32     2.73     > 100     108
LS10-03-26   1.02     0.22     0.089     6.7      
LS10-03-27   1.04     0.05     0.049     3.6      
LS10-03-28   1.1     0.11     0.091     11.5      
LS10-03-29   1.28     0.08     0.136     2.6      
LS10-03-30   1.18     0.03     0.009     0.6      
LS10-03-31   0.94     0.14     0.278     5.5      
LS10-03-32   0.46     0.06     0.049     1.9      
LS10-03-33   1.2     < 0.01     0.005     0.2      
LS10-03-34   1.24     0.04     0.001     18      
LS10-03-35   0.98     0.38     2.58     > 100     126
LS10-03-36   1.1     0.1     0.355     26.8      
LS10-03-37   0.86     0.01     0.006     0.3      
LS10-03-38   0.86     0.01     0.005     0.5      
LS10-03-39   1.4     0.04     0.401     24.4      
LS10-03-40   1.06     0.63     1.285     35.8      
LS10-03-41   1     0.01     0.052     5.2      
LS10-03-42   1.34     0.4     0.456     19.4      
LS10-03-43   0.76     0.01     0.008     0.6      
LS10-03-44   1.2     < 0.01     < 0.001     < 0.2      
LS10-03-45   0.6     0.03     0.013     0.5      
LS10-03-46   1.32     0.18     0.145     7.7      
LS10-03-47   1.14     0.13     2.05     > 100     214
LS10-03-48   0.92     0.02     0.094     4.7      
LS10-03-49   1.08     0.01     0.004     1.5      
LS10-03-50   1.08     0.03     0.012     0.6      
LS10-03-51   1.28     0.02     0.022     2.8      
LS10-03-52   1.1     0.07     0.762     58      
LS10-03-53   1.36     0.06     0.737     63.9      
SAMPLE   Recvd Wt.     Au     Ag     Ag     Cu
DESCRIPTION   kg     gpt     gpt     gpt     %
LS10-004-1   0.52     0.23     3.9           0.173
LS10-004-2   0.58     0.55     7.3           0.263
LS10-004-3   0.9     0.92     9.1           0.145
LS10-004-4   0.66     0.51     2.1           0.028
LS10-004-5   0.76     1.93     3.6           0.072
LS10-004-6   0.94     1.59     8.4           0.217
LS10-004-7   0.96     0.01     0.4           0.003
LS10-004-8   0.88     0.03     1.1           0.049
LS10-004-9   1     0.07     0.6           0.015
LS10-004-10   1.02     3.99     27.5           0.784
LS10-004-11   1.3     36.4     > 100     208     6.73
LS10-004-12   1.18     10.45     83.8           2.21
LS10-004-13   1.2     0.58     5.7           0.146
LS10-004-14   1.24     6.98     27.9           1.245
LS10-004-15   1.32     2.51     34.5           1.215
LS10-004-16   1.42     5.76     28.6           1.02
LS10-004-17   1.22     0.11     1.4           0.03
LS10-004-18   1.02     8.41     16.8           0.909
LS10-004-19   1.22     0.01     < 0.2           0.005
LS10-004-20   1.02     0.01     0.8           0.035
LS10-004-21   1.08     0.01     0.4           0.018
LS10-004-22   1.34     0.09     8.7           0.223
LS10-004-23   1.2     0.02     3           0.115
LS10-004-24   1.32     0.01     0.8           0.02
LS10-004-25   1.28     0.35     5.2           0.095
LS10-004-26   1.04     0.22     12.8           0.182
LS10-004-27   1.4     1.22     21.3           0.525
LS10-004-28   1.3     1.32     35.1           1.36
LS10-004-29   0.98     0.03     5.1           0.04
LS10-004-30   1.2     0.82     10.1           0.294
LS10-004-31   1.28     0.05     1.6           0.046
LS10-004-32   1.2     0.01     0.8           0.006
LS10-004-33   1     0.07     0.4           0.001
LS10-004-34   1.1     0.01     0.3           0.002
LS10-004-35   1.1     0.05     0.9           0.017
LS10-004-36   1.2     0.03     1.7           0.025
LS10-004-37   1.16     0.04     2.6           0.023
LS10-004-38   1.22     0.01     0.3           0.004
LS10-004-39   1.2     0.01     0.2            < 0.001
LS10-004-40   1.22     0.07     0.2           0.011
LS10-004-41   1.12     0.02     0.9           0.031
LS10-004-42   0.98     0.01     0.4           0.003
LS10-004-43   1.08     < 0.01     0.6           0.017
LS10-004-44   1.3     0.09     7.1           0.237
LS10-004-45   1.2     0.07     1.8           0.006
LS10-004-46   1.08     0.09     5           0.023
LS10-004-47   1.3     < 0.01     2.8           0.022
LS10-004-48   1.22     < 0.01     0.3           0.013
LS10-004-49   1.22     0.01     1.1           0.009
LS10-004-50   1.26     0.11     0.8           0.023
SAMPLE   Recvd Wt.     Au     Cu     Ag     Ag
DESCRIPTION   kg     gpt     %     gpt     gpt
LS10-004-51   1.24     0.36     0.127     7      
LS10-004-52   1.24     0.03     0.013     0.7      
LS10-004-53   1.04     0.05     0.021     1      
LS10-004-54   1.18     5.97     1.41     57.9      
LS10-004-55   1.4     0.82     0.132     6.7      
LS10-004-56   1.14     < 0.01     0.003     0.3      
LS10-004-57   1.1     0.23     0.086     3.9      
LS10-004-58   1.24     < 0.01     0.007     0.3      
LS10-004-59   1.24     < 0.01     0.003     1      
LS10-004-60   1.18     0.02     0.019     2.7      
LS10-004-61   1.24     < 0.01     0.006     1.6      
LS10-004-62   1.18     < 0.01     0.007     1.4      
LS10-004-63   1.02     < 0.01     0.007     0.6      
LS10-004-64   1.1     < 0.01     0.002     0.3      
LS10-004-65   1.14     < 0.01     0.001     0.2      
LS10-004-66   1.22     < 0.01     0.029     2.3      
LS10-004-67   1.02     < 0.01     0.023     0.9      
LS10-004-68   0.82     < 0.01     < 0.001     < 0.2      
LS10-004-69   1.04     < 0.01     0.001     0.2      
LS10-004-70   1.1     < 0.01     0.057     1.8      
LS10-004-71   1.14     0.23     0.076     2.7      
LS10-004-72   1.12     7.56     0.757     27.8      
LS10-004-73   1.08     0.76     0.117     4.1      
LS10-004-74   1.34     0.58     0.108     6.6      
LS10-004-75   1.08     0.69     0.012     1.4      
LS10-004-76   1.08     < 0.01     0.001     0.3      
LS10-004-77   1.24     < 0.01     0.002     0.2      
LS10-004-78   1.14     0.24     0.759     33.1      
LS10-004-79   1.2     0.61     1.68     52      
LS10-004-80   1.32     2.07     0.166     9.6      
LS10-004-81   1.28     1.49     0.245     14.1      
LS10-004-82   1.12     13.15     2.71     > 100     158
LS10-004-83   1.14     0.06     0.038     5.5      
LS10-004-84   1.18     < 0.01     0.029     2.2      
LS10-004-85   1.2     0.03     0.026     1.1      
LS10-004-86   1.24     0.21     0.001     1      

Dave Burney, Geo. the President, is the Qualified Person who oversaw and supervised the exploration programs.

About U.S. Precious Metals, Inc.:
USPR is a precious metal exploration company headquartered in Lake Mary, Florida and operating in Mexico through its Mexican subsidiary, U.S. Precious Metals de Mexico, S.A. de C.V. USPR owns significant exploration and exploitation rights to approximately 37,000 acres of land in Michoacan, Mexico. USPR's common stock is quoted on the OTC Bulletin Board under the symbol "USPR."

Statements contained herein that are not based upon current or historical fact are forward-looking statements. Such forward-looking statements relate to future events and future operating results, performance, prospects and opportunities. The use of terms such as "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to USPR, or its management, identify forward-looking statements. These forward-looking statements are based on information currently available to USPR and USPR's current plans, intentions and expectations and include statements regarding the potential of the Mexican concessions. Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause USPR's actual results, performance, prospects and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, our ability to raise the funding necessary to retain the professionals necessary to execute our plan and the other factors, including risk factors, discussed in ours Annual Report on Form 10-K/A for the fiscal year ended May 31, 2009, filed with the U.S. Securities and Exchange Commission on September 16, 2009 as well as the quarterly 10-Q Reports filed during the last three quarters of fiscal year 2010. Except as required by the Federal securities law, USPR does not undertake any obligation to revise or update any forward-looking statements contained herein after the date hereof.

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