SOURCE: U Mining Resources Inc

July 02, 2007 08:30 ET

U Mining Resources Inc. Announces Nomination of Mr. Jean-Michel de Montigny as Chief Executive Officer and Member of Board of Directors

NEW YORK, NY--(Marketwire - July 2, 2007) - U Mining Resources Inc. (PINKSHEETS: UMNG) today announced the nomination of Mr. Jean-Michel de Montigny as Chief Executive Officer and a member of the Board of Directors.

Mr. de Montigny graduated summa cum laude in business administration and finance in 1984 and has occupied several CEO positions over the past 20 years. He has served as the CEO of the following companies: H3Enterprises, Total Vision Network, GSI Technologies USA (NASDAQ), Group Actual Design and Interdec College.

Current U Mining President Mr. Jonathan Morrone stated the following: "Jean-Michel is a multitalented man and I do not know anyone who works as hard and smart as he does. He is highly respected on Wall Street and in European Markets and has been my friend for many years. I am glad that he finally agreed to assume this position and I sincerely believe that his leadership and management qualities will create great wealth for the Company."

CEO Mr. de Montigny stated: "I want to thank my colleagues for their faith in me, and assure them of my complete dedication to Company and shareholders' success; including a strong belief in the values of the Company's assets and involved parties. One of my first goals is to build a high-profile operations team who will assist us in extracting value, namely production-related revenues, from our Uranium-rich properties."

Mr. de Montigny also stated: "I want to inform the shareholders that we are awaiting the results of the NI-43-101 on Laurentide 1 and 2 prior to closing our financial statements in preparation for our form 10 filing for uplisting. Secondly, we will receive the final contract for the closing of our TSX venture acquisition this week, which I believe represents an incredible financing vehicle for our exploration needs. Finally, I will mandate the execution of a NI-43-101 on our Chibougamau and Ungava Bay properties as soon as the first report is completed."

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.

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