Diagnos Inc.
TSX VENTURE : ADK

Diagnos Inc.

January 29, 2008 14:30 ET

US Gold Uses Again DIAGNOS' Artificial Intelligence Technology to Target Gold and Silver on the Magistral District in Mexico

BROSSARD, QUEBEC--(Marketwire - Jan. 29, 2008) - DIAGNOS inc. ("DIAGNOS" or the "Corporation") (TSX VENTURE:ADK), a leader in the use of artificial intelligence ("AI") and advanced knowledge extraction techniques, is pleased to announce today that, through its Natural Resources Business Unit, US Gold (AMEX/TSX: UXG) will use again DIAGNOS' technology to identify new targets for gold and silver on the Magistral district in Mexico. The area to be analyzed represents approximately 1,580 square kilometres.

Highlights of the business contract:

- The right to use the service for a fee of $230,000 CDN;

- A bonus of 100,000 common shares of US Gold for any new economic discovery made on a DIAGNOS target;

- An extra success bonus for each economic discovery made on unclaimed land acquired by US Gold using DIAGNOS' technology will be granted to DIAGNOS in the form of a NSR of 2%, of which 1% can be bought back at any time for $1,000,000 CDN;

- In the case that US Gold makes an economic discovery on a property it acquires or joint-ventures based on DIAGNOS' technology, and to which an NSR is already attached, an extra bonus of 500 000 common shares will be paid instead of a NSR.

DIAGNOS' president, Mr Andre Larente, is very pleased that US Gold reiterates its interest in DIAGNOS' technology with this contract. "We have a strategic relationship with US Gold and Rob McEwen and we look forward for future positive results. The DAGNOS team and US Gold team are determined to make this project a success."

About DIAGNOS

DIAGNOS, a multidisciplinary corporation, can count on a 20-people team among which seven professionals in geophysics and geology; artificial intelligence specialists, mathematicians, imagery and remote sensing. This team is helped by a dynamic administration and marketing and sales force to help serve its mining sector clientele at its very best. In addition to the data mining and the predictions of the best drilling targets, the Natural Resources Business Unit acquires and sells properties and offers project management services. This horizontal integration makes DIAGNOS, the leader in its sector of industry.

For further information, please visit our Website at www.diagnos.ca. The Corporation's objective is to develop a royalty stream by significantly enhancing and participating in the exploration success rate of mining and oil and gas companies.

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

Contact Information

  • DIAGNOS inc.
    Andre Larente, President
    450-678-8882, ext. 24
    alarente@diagnos.ca
    or
    DIAGNOS inc.
    Jacqueline Monfourny, Vice-President -
    Natural Resources Business Unit
    450-678-8882, ext. 35