SOURCE: U Mining Resources Inc.

September 08, 2008 08:30 ET

U Mining Resources Inc. Announces Partnership With a Strong Guinean Mining Company

NEW YORK, NY--(Marketwire - September 8, 2008) - U Mining Resources Inc. (PINKSHEETS: UMNG) today informs its shareholders that the board of directors has been in constant negotiation and discussion regarding a takeover of UMNG by an established Guinean mining Company. This Company has exhibited serious interest regarding the proposal for a reverse merger with UMNG. The company with which the negotiations are taking place is a mineral exploration company with significant projects in three different sectors of the mining resource industry. It presently owns mining properties in exploitation and through regional, grass-roots generative exploration as well as new geological models, the Company has built a portfolio of 100% controlled projects focused on gold and diamonds.

The strength of this Guinean Company and its partnership with U Mining Resources Inc. will be beneficial to all UMNG shareholders because the potential of their combined assets represents a powerful foundation.

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

  • For additional information or investor relations please call:
    U Mining Resources Inc.
    (516) 762-0154