SOURCE: U Mining Resources Inc.

April 29, 2008 08:30 ET

Representatives of U Mining Subsidiary in Quebec This Week to Discuss Final Details of Mining and Re-Development Project in Republic of Guinea and Releases Financials

NEW YORK, NY--(Marketwire - April 29, 2008) - U Mining Resources Inc. (PINKSHEETS: UMNG) today announced that representatives of the Company's Guinean subsidiary Comitrag S.A., including Comitrag S.A. President Balla Keita, are in Quebec this week following closing negotiations with the Republic of Guinea for the pending mining and infrastructure re-development project in that country. CEO Jean-Michel de Montigny will be meeting with the Comitrag group Wednesday to sort out the details of the highly anticipated BOOT Agreement. The Company plans to subsequently inform its shareholders of these latest developments.

Management of U Mining Resources also indicated that the Company's financial statements for the prior two years will be made available to the public this week on the corporate Website.

U Mining's corporate Website is located 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