United Development (fka UDVE)

[hundred to one]

NEWS NEWS NEWS---


http://www.smallcapcenter.com/story.asp?mysection=headlines&mypage=newsalerts.asp&ticker=UDV....

United Development International: Five Ounces Gold Per Ton Discovered on La Ronge Gold Property
via COMTEX

January 18, 2005

LAS VEGAS, Jan 18, 2005 (BUSINESS WIRE) --

United Development International (Pink Sheets: UDVE) will be focusing its drilling plans on high-grade ore concentrations which have returned more than 5 ounces of gold per ton in original assay results.

At the current market price of $423 USD per ounce, each ton excavated will result in gross proceeds of $2,115 USD. Every 1,000 tons mined will result in gross revenue of $2,115,000 USD.

There is significant information to expect a sizeable anomaly with tremendous tonnage on these properties.

Initial geology reports from a small drill sampling program lead management to believe this site could generate significant gold and possibly, diamond production over the next three years. Also, early indications from the limited sampling program lead management to believe proven reserve testing will yield results sufficient to justify investment in full-scale commercial mining facilities.

The company has completed initial drill testing on the property which has yielded positive and consistent occurrences of gold of sufficient quantity to support a sustained commercial mining operation. In addition, the property is located within a short distance of a DeBeers joint venture at Fort Ala Corne, Saskatchewan, also adjacent to the La Ronge Gold Belt, which geologists have stated contains one of the single largest kimberlite deposits in the world. Kimberlite is the host rock for diamond deposits.

United Development International is quoted on NQB Pink Sheets as "UDVE."