SOURCE: U Mining Resources Inc.

September 20, 2007 10:46 ET

U Mining Resources Inc. Releases NI 43-101 Technical Report for Its Laurentide 1 and 2 Property

Report Recommends $1 Million Exploration Program Due to Sufficiently High Potential for Uranium and Tungsten Deposits on Laurentides Property

NEW YORK, NY--(Marketwire - September 20, 2007) - U Mining Resources Inc. (PINKSHEETS: UMNG) today announced the release of the NI 43-101 Technical Report ("Report") for its Laurentide 1 and 2 Property, prepared by geologist firm InnovExplo. Key excerpts from the Report appear below, which include the Geologist's Interpretation; Conclusions; and Recommendations. The complete, unedited Report may be accessed from the corporate website at www.umining.com.

19.0 INTERPRETATION AND CONCLUSIONS (Item 21)

The Laurentides property is at an early stage of exploration, and the Laurentides blocks are at the grassroots stage. Review of available data and assessment reports with respect to the Laurentides property reveal that although no uranium occurrence was ever found, many characteristics of the area underscore a good potential for uranium mineralization.

The Laurentides property is located in the Central Metasedimentary Belt of the Grenville Province. The Laurentides no.1 Block is underlain by rocks of the Baker domain. The Baker domain is known to contain the uranium occurrences of the Mont-Laurier area. The Laurentides no.2 Block straddles the boundary between the Cain and Baker domains. Consequently, the potential to discover a uranium deposit on the Laurentides no.1 Block is better than on the Laurentides no.2 Block. In 1998, the Ministère des Ressources naturelles reported several uranium and tungsten stream sediment anomalies in the area. The potential of the Laurentides property is therefore not limited to uranium mineralization, and a tungsten discovery is also possible.

In summary, the Laurentides property has good potential for uranium deposits. The uranium potential of the Laurentides property is based on the following features:

--  Strong uranium stream sediment anomalies have been detected in the
    vicinity of the Laurentides property. The best results included a sample
    near the edge of the Laurentides no.1 Block that ran 95 ppm U.
    
--  The Laurentides property is located in the Baker domain, which is
    known to contain uranium occurrences in the Mont-Laurier area.
    
--  Granites are present on the Laurentides no.1 Block property, as
    documented by the Ministère des Ressources naturelles du Québec.
    

The Laurentides property also has good potential for tungsten deposits. The property's tungsten potential is based on the following features:

--  Strong tungsten stream sediment anomalies are present in the vicinity
    of the Laurentides property. The best results included a sample near the
    edge of the Laurentides no.1 Block that ran 513 ppm W.
--  Tungsten mineralization has already been recognized in the north part
    of the Central Metasedimentary Belt of the Grenville Province.
    

20.0 RECOMMENDATIONS (Item 22)

InnovExplo recommends a major exploration program on the Laurentides property. It is the opinion of InnovExplo that the character of the property is of sufficient merit to justify the recommended program.

The recommended exploration program is divided into two (2) phases. The second phase of the program is conditional on the success of the first phase. In the first phase, we propose a GIS (MapInfo or ArcGIS) compilation of all available geographic and geoscientific information for the project (hydrographic, outcrops, samples [rock, soil, till, stream, lake sediment], geochemical, geophysical). A high-resolution helicopter-borne geophysical survey that includes magnetic, radiometric (U, Th and K) and time-domain electromagnetic components for both claim blocks will be necessary. We also propose a property-scale heavy mineral stream sediment survey and a characterization of uranium and tungsten background values for the entire area. Following this, it will be necessary to integrate the new geophysical results and complete a revised interpretation of the area.

Phase 2 will consist of geological work, prospecting and ground follow-up on selected areas identified by previous surveys (geophysics and heavy minerals), as well as a ground scintillometer survey. Geological and structural data will be collected, and a complementary surface sampling program performed in order to optimize the drilling program.

Phase 1 is estimated at $264,000 and Phase 2 at $736,800 for a combined total of $1,000,800. The recommended program is described below. Estimated budgets are presented in Tables 20.1 and 20.2. The estimated budget for the remote exploration program is subject to potential incidentals (e.g., no flying hours due to bad weather conditions), and the real cost may thus be different from the estimated costs.

CERTIFICATE OF AUTHOR

Extract from 43-101 prepared by Bruno Turcotte, P. Geo. (OGQ. no. 453)

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

  • Equiti-trend Advisors
    Investor Relations firm
    (800) 953-3350