SOURCE: U Mining Resources Inc.

January 30, 2008 09:33 ET

U Mining Resources Inc. Announces Updated Operational Plan and Open Forum Blog Now Available on Corporate Website

Management Also Completes First Phase of Planned French Language Version Implementation for Website

NEW YORK, NY--(Marketwire - January 30, 2008) - U Mining Resources Inc. (PINKSHEETS: UMNG) today announced that management has updated the Company's operational plan and launched a brand new Open Forum Blog, both of which are now available for review by shareholders, and interested investors, via the Company's corporate website located at www.umining.com.

"2007 was a challenging and exciting year for U Mining," remarked U Mining CEO Jean Michel de Montigny. "As the year concluded, it was clear that we had built a viable, emerging mining company; a company with a growing portfolio of vast and potentially high-grade uranium properties. In addition, we made inroads into the bio-fuel industry through the acquisition of a proprietary technology that we feel has strong market potential. To conclude the year with momentum, we negotiated a milestone contract in West Africa. This contract calls for U Mining to earn significant revenues in various stages; the projected revenue from this contract is at a level almost unheard of for a young and emerging Company like ours."

To better understand U Mining's current focus in each of the three primary divisions listed above, management has uploaded a revised operational plan this to the corporate Website. In addition, in order to provide updated information on a timely basis to existing shareholders, the management of U Mining has added to its Corporate Website a new shareholder "Open Forum" Blog.

U Mining's Blog is an interactive tool being provided mainly for the benefit of the Company's shareholders. Shareholders are encouraged to utilize the Blog to voice questions and concerns about U Mining and its various divisions. All questions considered appropriate and relative will be answered by the management of U Mining via a responding Blog entry planned at least once every two weeks. While only certain investor questions will be addressed by management, all questions will be posted unmodified and in their entirety. Management feels it can address all of the important issues through its bi-monthly log/entry.

U Mining feels strongly that the Company's Open Forum Blog will contribute greatly towards clearing up any misconceptions and/or unfounded rumours that are circulating or have circulated in the past on the Internet and elsewhere in the media regarding U Mining.

CEO Jean Michel de Montigny stated the following: "We believe this interactive tool will provide us with increased public awareness, and be a conduit for the Company to receive positive input and ideas from a diversity of sources, interests and feedback offered up by knowledgeable people in a legitimate, open forum environment. The Blog will also allow us to finally address certain misleading statements being made by anonymous sources about the Company, and further prove our desire to maintain complete transparency and an undying commitment to increasing shareholder value."

Finally, pursuant to contractual requirements and specific operational needs, all negotiations and contracts regarding and supporting our project in West Africa have been written in French. To further develop the relationship with, and in order to demonstrate our respect towards, the yet-named West African Nation, the Company has completed the first phase of its planned implementation of a French Language version of the Corporate Website. Additional content will be posted in French, as it becomes available, and new features -- in both English and French, will be uploaded in the near future on the site. Interested investors are encouraged to preview those changes made thus far at: www.umining.com.

"We have made considerable advancement in only one year given our limited resources," continued CEO de Montigny, "and, perhaps most significantly, we were able to maintain the Company debt-free. We would like to thank our shareholders for your continued confidence and support as we hope that these new updates and tools will provide you with increased access to key information on the Company."

To be added to U Mining's mailing list, please speak with the Investor Communications Representatives Equiti-trend Advisors. Reps are available from 9:30 a.m. to 5:30 p.m. eastern daily by calling (800) 953-3350. Investors are also encouraged to visit the Company's corporate website regularly for updates 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:

    Equiti-trend Advisors
    (800) 953-3350 U.S. & Canada
    (858) 436-3350 Local