United Mining Group, Inc.
MUN : UM8
TSX : UMG

United Mining Group, Inc.

September 09, 2010 10:04 ET

United Mining Group Commences Trading on TSX under Symbol "UMG"

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2010) - United Mining Group, Inc. (the "Company") (TSX:UMG)(MUN:UM8) announces that it commences trading today on the TSX under the stock symbol "UMG". Jennings Capital Inc. acted as sponsor for purposes of the UMG listing application to the TSX.

United Mining Group is a diversified mining, contracting, exploration, and mine remediation company focused on the Idaho Silver Belt with the right to acquire an 80% interest in the Crescent Silver Mine in Silver Valley, Idaho, the second largest silver producing district in the world.

"Listing on the TSX is a critical milestone in our company's development," Greg Stewart, CEO of UMG, stated. "Since becoming a public issuer four months ago, we have now graduated to the premier resource exchange in the world. This is a major boost for the Company and a significant benefit to our shareholders."

Crescent Silver Mine Reactivation
The mine is currently under rehabilitation and striving to complete an audit at the Countess Portal level that will access the main ore reserve. This is due for completion in the 2nd quarter of 2011. The existing Hooper Tunnel is also being rehabilitated and is nearing completion of rehabilitation. The Hooper Tunnel will then be extended an additional 1100 feet to access the South Vein for further exploration. Concurrent with this production development will be several bulk sampling efforts.

The Company has retained SRK Consulting to complete an exploration, development and mining plan by December 15, 2010.

Exploration Potential of Crescent Mine
Concurrent with mining of the known silver bodies within the Crescent Mine, underground workings will provide platforms for drilling down-plunge and along-strike projections of known ore, and search for new bodies of silver mineralization.

Very little exploration has been carried out historically at the Crescent, despite its proximity to world-class silver ore bodies such as the Sunshine, and the fact that the favourable, silver-hosting geology trends into the Crescent. Management and technical staff estimate that only approximately 10 percent of the potential silver-hosting area of the prospect has been explored.

For a complete geological report on the Crescent deposit, please visit http://www.unitedmininggroup.com/crescent-mine.php.

About United Mining Group
United Mining Group is a profitable, vertically integrated mining company with operations in Idaho, USA. The Company offers a full suite of mining services including contract mining to silver miners in the district. The Company owns its own custom welding and fabrication shop allowing it to repair/rebuild equipment for its own use and for outside mining companies.

The Company is currently earning, through development and operations, an 80% interest in the Crescent Silver Mine adjacent to the Sunshine Silver Mine in the Silver Valley. The Crescent Mine has historically produced 25 million ounces of silver at an average grade of 27.3 opt (SRK Consulting 43-101 report, March 1, 2010). UMG currently has an indicated resource of 6.1 million ounces silver (324,000 tons grading 18.7 opt silver) and additional inferred resources of 4.1 million ounces silver (211,000 tons grading 19.5 opt silver).

UMG is committed to building a senior silver-producing mining company based on aggressive exploration and development of the highly-prospective current land position at Crescent and through the acquisition of additional silver interests.

For more information about the Company, please visit: www.unitedmininggroup.com.

Greg Stewart, President & Chief Executive Officer

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. Forward looking statements include that listing on the TSX will be a significant benefit to our shareholders. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the inability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information