SOURCE: U Mining Resources Inc.

May 15, 2008 13:21 ET

U Mining Resources Inc. Announces the Departure of Comitrag's President to the Republic of Guinea to Finalize the BOOT Agreement

NEW YORK, NY--(Marketwire - May 15, 2008) - U Mining Resources Inc. (PINKSHEETS: UMNG) today published Comitrag President's trip specifications to the Republic of Guinea. The objective of the President's voyage is to finalize the negotiations of the BOOT (Build-Own-Operate-Transfer) Agreement with the Guinean authorities. Furthermore, the President of Comitrag S.A. will be meeting with the Guinean Prime Minister and Minister of Mines during the trip to strengthen their mutual cooperation for this project and proceed with its immediate implementation.

All our shareholders must note that the President of Comitrag S.A. will be staying at the Novotel Hotel in Conakry, Guinea from May 31, 2008 to June 13, 2008. During this period, the President will be in constant contact and will report back to the Company headquarters daily.

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