One Step Ahead

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UCAD News

2004-08-31 18:13:05

U.S. Canadian Minerals' Management Team Completes Successful Ecuador Site Visit


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Business Editors LAS VEGAS--(BUSINESS WIRE)--UCAD-- U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that members of the company's management team have recently returned from Ecuador, where several of its operational employees are working diligently to increase the efficiency of the current operation. During this trip, management met with local attorneys to resolve all outstanding regulatory and tax matters and bring the facility's reporting system up to UCAD approved standards. In addition, management reached an agreement with Nevada Minerals' Ecuadorian subsidiary for joint operations in the Yellow River region. Rendal Williams, UCAD's CEO, stated, "We are extremely excited to have confirmation that all governmental and regulatory issues have been resolved and that the company is in good standing." Williams continued, "I am confident in the expertise of our joint operational partner here in Ecuador." Alejandro Diaz Silvia, geologist and operations manager for Nevada Minerals' Ecuadorian subsidiary, commented, "This further enhances the company's ability to increase its extraction and processing of gold ore from the Yellow River mine." Further details relative to this project will be forthcoming in future press releases and at http://www.uscanadian.com/ and http://www.yellowriver.com/. Safe Harbor Stat