SOURCE: U Mining Resources Inc.

August 20, 2007 10:19 ET

U Mining Resources Inc. Announces Negotiations for Acquisition of Multi-Million Dollar Bio-Diesel Plant in United States

NEW YORK, NY--(Marketwire - August 20, 2007) - U Mining Resources Inc. (PINKSHEETS: UMNG) today announced that it is involved in ongoing negotiations to acquire a multi-million dollar Bio-Diesel plant in the United States.

Following the recent relationship formed with a New York-based Merchant Bankers firm, management has entered into serious negotiations to acquire a significant interest in a Bio-Diesel plant that will initiate revenues in the Green Energy Division of the Company.

CEO Mr. Jean-Michel de Montigny stated: "The corporation has been involved in the development and research of new green energy technology for more than 2 years and selected this specific Bio-Diesel facility for its physical characteristics and location. Most important this specific plant would allow us to commence the establishment of a 3 phase deployment program, including the production of Bio-Diesel Fuel."

We are in the final negotiation stages and will inform our shareholders on a timely basis of any major developments related to this proposed acquisition.

For more information on U Mining Resources Inc., please visit the Company's corporate website at www.umining.com, and/or speak with one of the Investor Communications Representatives at U Mining's Investor Relations firm Equiti-trend Advisors. Reps are available on market days from 9:30 a.m. to 5:30 p.m. EDT by calling (800) 953-3350.

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:
    U Mining Resources Inc.
    Investor Relations firm Equiti-trend Advisors
    (800) 953-3350