SOURCE: United Mines, Inc.

United Mines, Inc.

January 26, 2010 05:50 ET

United Mines, Inc. Board Approves Stock Dividend Program

Dividend Set at Annual Rate of 6% for 2010, Payable 1.5% per Quarter

ORO VALLEY, AZ--(Marketwire - January 26, 2010) - United Mines, Inc. (OTCBB: UNMN) ("United Mines" or the "Company"), a precious metals mining company, based in Tucson, Arizona, today announced the Company will start its initial stock dividend program at a 6% annual rate for 2010, or 1.5% per quarter. To participate, shareholders must own the Company's common stock on March 31, 2010 (the dividend record date), which is the end of the Company's first full quarter trading on The OTC Bulletin Board. The initial quarterly stock dividend will be issued shortly after March 31, 2010, with subsequent payout dates scheduled for June 30th, September 30th, and December 31st, 2010.

"We believe United Mines has one of the lowest amounts of outstanding shares in a U.S. precious metals mining company," states Glenn E. Martin, the Company's CEO. "This fact allows the Company to fast track and implement our stock dividend program to give back to investors who support us from the start."

About United Mines, Inc.

United Mines, Inc. (ARIZ) is a precious metals mining company based in Tucson, Arizona. The Company owns silver, gold and copper exploration projects in Arizona, USA. United Mines 100% owns and operates a twin plant, 100+ ton PD gravity float and 55,000 ton heap leach processing facility, permitted by the Bureau of Land Management (BLM) and the Arizona Department of Environmental Quality (ADEQ). United Mines strategic planning processes built from the beginning a unique and stand alone company to meet American U.S. Industry 7 standards for identification, exploration and documentation of its 100% owned properties and to protect our fragile environment with emerging green mining policies and practices. United Mines plans to embrace and develop cutting edge technology as "Americas' eco-friendly miners."

For more information about United Mines, please visit http://www.unitedmines.com.

Forward-Looking Statements

This news release contains certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. The forward-looking statements are also identified through the use of words "believe," "enable," "may," "will," "could," "intends," "estimate," "anticipate," "plan," "predict" "inferred" "indicated" "measured" "probable," "proven" "potential," "possible," "should," "continue," and other words of similar meaning. Actual results could differ materially from these forward-looking statements as a result of a number of risk factors detailed in the Company's periodic reports filed with the SEC. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved.

Contact Information

  • Contact:
    Mr. Glenn E. Martin
    President
    United Mines, Inc.
    (520) 742-3111
    Email: Email Contact