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    Press Release Source: U Mining Resources Inc.   

U Mining Resources Inc. Acquire's Majority Interest in Comitrag; Acquisition Will Give U Mining Total Control of West Africa Projects

Wednesday February 6, 8:30 am ET

Latest Strategic Maneuver by U Mining Will Expedite Leverage Financing for Host Country Projects

NEW YORK, NY--(MARKET WIRE)--Feb 6, 2008 -- U Mining Resources Inc. (Other OTC:UMNG.PK - News) today announced that it has made acquisition of majority interest in Comitrag, a private building and development company headquartered in West Africa. Management had formally submitted this offer to one of Comitrag's principal associates for his ownership position in the company, a position that represents 75% of the controlling shares of Comitrag. The associate, who had expressed initial interest in accepting the offer, officially agreed to U Mining's offer late last night.

This acquisition will provide U Mining with a majority interest in Comitrag, and most significantly a controlling stake in the planned large-scale mining and infrastructure projects (the "Project") in the West African nation where Comitrag is headquartered.

As reported on January 3, 2008, U Mining has signed a multi-level contract with Comitrag that involved the assignment of a management contract for the building and development of multiple infrastructures, as well as a joint venture agreement to commence a major mining extraction program in partnership with the government of the West African nation.

  





After several weeks of negotiations and project analysis, management of U Mining believes that this strategy is more beneficial to both U Mining's interests, as well as to those of the Project. Following discussions with several merchant bank advisors and equity finance groups, U Mining has concluded that it will be easier to obtain the necessary financing if the Project is controlled exclusively by U Mining.

The first phase of the Project will require approximately USD $5 - $10 million in working capital, and involves the completion of various surveys for the iron ore mining concession. This preliminary work, which Comitrag is slated to finance, will provide an accurate valuation of the proven resources, as well as facilitate the construction of the primary extraction plant. Management of U Mining has received non-binding agreements from financial institutions to provide the necessary first-phase financing, contingent on the acquisition of a controlling stake in Comitrag.

Further information related to purchasing the control position of Comitrag and the planned financing of the Project will be disclosed to shareholders this week.

To be added to the Company's mailing list, please speak with the Investor Communications Representatives at U Mining's Investor Relations firm Equiti-trend Advisors. Reps are available from 9:30 a.m. to 5:30 p.m. EST daily by calling (800) 953-3350. Interested investors are also encouraged to visit the Company's corporate website regularly for updates 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:
Equiti-trend Advisors
(800) 953-3350 U.S. & Canada

Source: U Mining Resources Inc.