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Tuesday, 06/16/2009 10:07:11 AM

Tuesday, June 16, 2009 10:07:11 AM

Post# of 27222
Friday, June 12, 2009
President's Story
Dear shareholders,




Today, I would like to talk to you about what brought me in the mining industry.

Plastival, a plastic extrusion company, was the beginning of a series of events.
From 1984 to 1994 I was in charge of developing international markets for this company. I worked regularly with consulates, Canadian embassies throughout the world as well as with various suppliers and distributors.
My work consisted in taking part in several international trade fairs to expose the product range offered by Plastival. These trade fairs led me through Europe, Africa, South America, United States and Canada.

In 1989, Plastival develops a PVC core tray for sample of drilling for the mining industry. Originally made of wood and exposed to the elements such as termites, rain, freezing and moisture, these wooden core trays rotten quickly not counting the villagers of certain countries also using them to make shelters or houses.

This particular product led me in the largest mining trade fairs to meet the leaders of the major companies of mining exploration and various companies of drilling.
The business contacts developed during this period are still very useful for me today for
the development of Universal Mining Corporation.

Seeking always new challenges, the next step for me was to have my own company. I became market development consultant for companies wanting to export their products throughout the world.
In parallel from 1996 to 2007, the real estate market was offering excellent opportunities. Therefore I built myself a superb portfolio in real estate.
At the beginning of 2008, the real estate at the top of its value, I’ve decided to sell a major part of my buildings.

Why gold?

In 2007 and even before that, the tendencies of the world markets were aiming for gold and oil still. I started investigating these two sectors to identify the best place to invest
what real estate has brought me.
I have made several private investments in oil and natural gas companies in Oklahoma, Nevada and Texas. One company in particular had a new technology that was able to detect all sources of natural gas or oil in 8 minutes with an incredible precision. The first three wells they’ve drilled struck with exactitude the pay zone as well as the exact depth the technology had predict. Following the success of this unknown technology still, my question to the inventor was, can this technology detect precious metals too?

The answer was “YES” without hesitation.

After having invested successfully in oil and natural gas, I decided to acquire a gold mine. I spoke about the project with some friends who found the idea so exciting that they’ve decided to invest with me. It didn’t take very long seeking through my contacts to find a mining property with gold resources.
The result of my research is my joint venture with Kansalas Resources in Guinea Conakry.

In order to achieve my business plan and to put in production a gold mine, I needed a public company which would allow my friends to invest in the project and raising $3,000,000 to launch the whole project. I needed a shell already in the mining
sector with a good base of shareholders. With U Mining Resources in Guinea and already in the mining sector, it seemed to me that there was my answer.

As you know it, in the process of the takeover of U Mining some surprises came up.
I can say today that everything is now behind us and that we are progressing positively towards concrete results.

I sincerely hope that knowing a little more about my road map answers several of your questions concerning my competences to manage a mining company.

Thanks again to all of you for your support and confidence towards our common success.



Truly yours,


Rejean Morin
President
Universal Mining Corporation

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