The Day Shorters Room

[lasombra]

CMKX / UCAD


LAS VEGAS--(BUSINESS WIRE)--July 28, 2004--U.S. Canadian Minerals Inc. (OTCBB: UCAD - News) announced today that it has purchased all of the interest in Yellow River Mining S.A. held by Juina Mining Corp. (Pink Sheets: GEMM - News), which is majority owned by UCAD. UCAD exchanged 50,000 shares of its common stock for 80% of Yellow River Mining S.A. as part of the initial steps to reorganize its corporate structure.
Rendal Williams, CEO of UCAD, stated, "This is only the first step in our efforts to have revenue produced in UCAD and to maximize the value of the assets we have already purchased."