SOURCE: U.S. Canadian Minerals, Inc.

March 13, 2007 15:53 ET

U.S. Canadian Minerals, Inc.'s New Management Team Announces Filing of March 31, 2005 and June 30, 2005 10-QSBs

LAS VEGAS, NV -- (MARKET WIRE) -- March 13, 2007 -- U.S. Canadian Minerals, Inc. (OTCBB: USCA) announced today the filing of the June 30, 2005 10-QSB. Last week the Company filed the March 31, 2005 10-QSB.

This filing reaffirms management's commitment to the aggressive time line previously set for achieving SEC reporting compliance and reinstatement onto the OTC-BB. Simultaneously, USCA continues to seek financing to initiate production in the range of 1,500 to 4,000 cubic meters per day on the Company's recently announced option on 1,200 Hectares of Chilean gold claims. These claims, covering some 5 km of paleo channel, are graded at above 2 grams gold per cubic meter and, once financed, the Company expects to be in production within 90-120 days.

Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions. These statements are subject to uncertainties and risks including, but not limited to, economic conditions, the impact of competition and pricing, government regulation, and other risks. All forward-looking statements made by or on behalf of the Company are qualified. The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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