United Development (fka UDVE)

[hundred to one]

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

United Development International Confirms Reserve and Mine Assets
via COMTEX

January 27, 2005

LAS VEGAS, Jan 27, 2005 (BUSINESS WIRE) --

United Development International (Pink Sheets: UDVE) confirms today that reserve calculations were to delivered to the company in the form of sworn affidavit by a certified mining supervisor who assisted in the exploration and operation of the mining property in central British Columbia, Canada. Data delivered conformed to the Canadian Institute of Mining, Metallurgy Standards on Mineral Resource and Mineral Reserve Definitions and Guidelines.

Also, the purchase agreement includes all assets of the mine which mining company officials have stated to have a replacement value of up to $40,000,000 USD.

The mine has previously produced and has approximately 800,000 ounces of gold that are classified as proven reserves which at today's closing spot price has a gross value of over $300,000,000.

The company is committed to increasing shareholder value.

Additional information about this exciting purchase will follow.

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

CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.

SOURCE: United Development International Inc.

United Development International Staff, 250-319-3442

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