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Press
Release Source: U Mining Resources Inc.
U
Mining Resources, Inc. Announces Acquisition of Uranium Mining Claims
in James Bay Region of Northern Quebec
Wednesday November 14, 9:45 am ET
Presence of Uranium Confirmed by Technical Reports Submitted to
Quebec Ministry of Natural Resources
NEW YORK, NY--(MARKET WIRE)--Nov 14,
2007 -- U Mining Resources, Inc. (Other OTC: UMNG.PK
- News)
today announced the acquisition of a 100% interest in 12 mining
claims located in the James Bay region of Northern Quebec, Canada.
The claims cover approximately 660 hectares in the 33H12 area. According
to past Geological Technical Reports on the claims (MRNQ File GM-34038,
GM-34039, etc.), uranium grades from surface samples were in the
range of 81.5 to 128.5 PPM U3O8.
This acquisition provides U Mining with a strong foothold in an
area with a documented occurrence of uranium mineralization, and
it is a major milestone towards the Company's ultimate goal of becoming
a uranium-producing and profitable company. U Mining plans to conduct
further exploratory work to determine the amount of uranium reserves
on the claims. Further details on the claims, including the Uranium
Grade Chart, will be furnished to shareholders in short order.
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About the James Bay Region
The James Bay region is characterized by two important volcanic
belts, namely Eastmain and La Grande. Due to the development of
large hydroelectric dams over the past 25 years, the region is
endowed with an important infrastructure that offers accessibility
by road on an annual basis, as well as supplying valuable services
such as electricity, airports and hotels. The claims are situated
roughly 1/2 km. from a paved road leading to the LG-4 Airport,
which is 25 km. to the northeast. In addition, the claims are
approximately 100 km. west of Hydro-Quebec's LG-4 power station.
To receive information letter and be added on the Company's mailing
list, speak with one of the Investor Communications Representatives
at U Mining's Investor Relations firm Equiti-trend Advisors. Reps
are available on market days from 9:30 a.m. to 5:30 p.m. EST by
calling (800) 953-3350.
Or visit the Company's corporate website at www.umining.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical
data, constitute forward-looking statements that involve risks
and uncertainties that could cause actual results to differ materially
from those stated or implied by such forward-looking statements.
The potential risks and uncertainties include, among others, potential
volatility in the company's stock price, increased competition,
customer acceptance of new products and services offered by the
company, and uncertainty of future revenue and profitability and
fluctuations in its quarterly operating results. Please also be
advised that the company's stock is not currently registered with
the Securities and Exchange Commission.
Contact:
Investor Relations
Equiti-trend Advisors
(800) 953-3350
Source: U Mining Resources Inc.
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