SOURCE: U Mining Resources Inc.

June 12, 2008 12:17 ET

U Mining Resources Inc. Announces Revised Trip of Comitrag President to Republic of Guinea to Finalize the BOOT Agreement

NEW YORK, NY--(Marketwire - June 12, 2008) - U Mining Resources Inc. (PINKSHEETS: UMNG) today announced that the Comitrag President's trip to the Republic of Guinea has been re-scheduled to depart on June 15th until June 27th. A temporary state of political unrest in the Republic of Guinea caused a momentary delay in finalizing of the BOOT (Build-Own-Operate-Transfer) Agreement with the Guinean authorities. However, the return of peace and stability to the region has provided an opportunity for the President of Guinea to complete negotiations of the BOOT Agreement with Comitrag S.A. 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 Sacha Hotel in Conakry, Guinea from June 15th to the 27th, 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

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