SOURCE: United Resource Holdings Group, Inc.

June 10, 2015 11:13 ET

United Resource Holdings Group, Inc.: Phase 1 of the Dun Glen Mine Retrofit Nearing Completion

MCCARRAN, NV--(Marketwired - June 10, 2015) -

Operations
United Resource Holdings Group, Inc. (OTC PINK: URHG) announces that Phase 1 of the Dun Glen Mine retrofit will begin commissioning with final parts ordered and on schedule to be delivered by this Friday so that once phase 1 commissioning is completed 100 tons per hour can be processed using the new 42' Super Scrubber trammel with custom 2" by 6" herring bone patterned screens, powered by a heavy duty 16 wheel drive unit. The new circuit also includes a sluice box with custom designed riffles specific to the material found at the Dun Gen site.

The company also announces the beginning of phase 2 of the retrofit has begun, which includes the addition of the Feed Hopper grizzly, Wet Mag separator, dual jigs, hydro cyclones and a full size Wilfley table. Phase 2 will require an additional $250,000 in capital and will have a dewatering plant to provide additional processed water for the circuit to increase capacity and recovery by 20-50%.

Debt Settlements
Due to the increase in the share price, the Company also announces that it has entered into a debt settlement agreement with an arm's length creditor, pursuant to which the Company has settled a debt of $697,088 through the issuance of 6,000,000 Common Shares.

This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contact Information

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