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U Mining Resources Inc. Acquires Control Position of TSX Venture Corporation


Acquisition Facilitates Financing of Exploration via Flow-Through Share Program

NEW YORK, June 7, 2007 /PRNewswire-FirstCall via COMTEX/ -- U Mining Resources Inc. (Pink Sheets: UMNG - News), today announced that it has acquired the control position of a TSX Venture Corporation.
Management explained that pursuant to receiving the results of the NI-43-101 Reports, there is a very high probability that geologists will recommend a major drilling program to tripod and circumvent the key areas and to quantify the concentrations and values of the deposits.

The total cost of a major drilling program is estimated up to $2 to $3 million. U Mining's acquisition of the control position of the TSX Venture Corporation will allow it to raise exploration capital through the Canadian Corporation without stock dilution. Furthermore, this acquisition will increase investor and market awareness of U Mining by effectively capturing the attention and interest of a large group of potential shareholders who primarily invest in TSX Venture listed companies.

Management intends to prepare all the documentation and filings for a flow-through share prospectus, and fulfill all the reporting requirements of the TSX Venture Exchange. Canadian investors will be able to claim a tax deduction equal to 140% of their investment in the flow-through shares. There is no minimum investment requirement in order to take advantage of this tax benefit. U Mining will also be able to consolidate the TSX Venture Corporation's financial statements with its own statements. The Company will disclose the details of this transaction next week.

Management stated: "We firmly believes that this key strategic decision will be very beneficial to our corporation and shareholders."

Management also reiterated that all the results of the NI-43-101 reports will be published as soon as the geologists complete their analysis.

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.

SOURCE U Mining Resources Inc.



CONTACT: 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 1-800-953-3350.

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