SOURCE: U Mining Resources, Inc.

September 24, 2008 08:30 ET

U Mining Resources, Inc. Currently Assessing Options Regarding Their Uranium Mining Claims in James Bay Region of Northern Quebec

NEW YORK, NY--(Marketwire - September 24, 2008) - U Mining Resources, Inc. (PINKSHEETS: UMNG) announced today that the Company intends to make a public statement when it reaches a definitive decision regarding the private purchase offers made for the acquisition of their uranium mining property. In the interim, the situation will remain confidential until an agreement has been made by U Mining Resources, Inc.

Furthermore, the mineral value of this uranium property served as a cornerstone to the progress and development that U Mining Resources, Inc. has been able to forge in the James Bay region of Northern Quebec. Therefore the Company will assure its investors and shareholders that the final decision on the sale of this uranium property will firstly serve as a precursor for the expansion and growth of the Company's infrastructure and secondly will develop a larger role for the Company on the mineral markets in the region.

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