SOURCE: U Mining Resources Inc.

May 07, 2008 08:30 ET

U Mining Resources Inc. Announces Resignation of CEO Jean Michel de Montigny

NEW YORK, NY--(Marketwire - May 7, 2008) - U Mining Resources Inc. (PINKSHEETS: UMNG) announced today that Chief Executive Officer Jean Michel de Montigny has resigned in order to pursue other interests. The Company's Board of Directors has established a special search committee under the supervision and guidance of Col. Jim Krilich to identify potential candidates for the position as the Company's new Chief Executive Officer. In the meantime, Col. Jim Krilich has taken taken charge of the designated assignments while a global search is conducted for a qualified replacement.

Col. Jim Krilich is an essential member of the Board of Directors who possesses apt decision making and administrative capabilities. He epitomizes how the Company's continuous expansions and developments have successfully benefited its investors.

In regards to the departure of Mr. De Montigny, the Board issued the following statement: "We appreciate his contributions to the Company and wish him the best in all his future endeavors."

Further information about the Company's progress is available at the corporate website at www.umining.com.

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