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Wednesday, June 27, 2007 8:42:37 AM
Wednesday June 27, 8:30 am ET
The Company Is Now Well Positioned With Its Territories; Laurentide 1 and 2, Chibougamau, Ungava Bay 1 and 2, in Northern Quebec and U.S. Toiyabe Peaks
NEW YORK, NY--(MARKET WIRE)--Jun 27, 2007 -- U Mining Resources Inc. (Other OTC:UMNG.PK - News) today announced the imminent nomination of new Board Members and Line Officers.
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Seeing as to how U Mining Resources Inc. has grown at a faster rate than expected with high quality properties in three different areas of Northern Quebec in the Uranium field, and pursuant to the recent addition of the 50% Venture agreement in the Nevada Property Toiyabe Peaks, the present Board of Directors has determined that additional members must be obtained to support the active progression of the Company. During the past few weeks management has interviewed several candidates to fulfill necessary needs of the Board and to identify highly experienced individuals to act as line officers. These candidates will meet the demands required for a continuous steady growth and obligations of a reporting Company.
The NI-43101 report requested for Laurentide 1 and 2 properties is due shortly which will have an immense impact on the Company, meaning value concerning both share price and company value. It was noted by our explorers that Uranium Claims have now become a scarcity in North America. For this reason we are more than pleased with our present Uranium assets. Once having obtained NI-43101s in all areas and with Scope of Work Directions from the Geologists this company will be well situated amongst other uranium companies.
For more information 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 (800) 953-3350.
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.
Contact:
Investor Relations:
Equiti-trend Advisors
(800) 953-3350
http://www.umining.com
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