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    Press Release Source: U Mining Resources Inc.   

U Mining Resources Inc. Announces Plans to Sign BOOT Agreement With the Republic of Guinea

Monday February 11, 8:30 am ET

Agreement Signing Ceremony to Be Held in Guinea Later This Month

NEW YORK, NY--(MARKET WIRE)--Feb 11, 2008 -- U Mining Resources Inc. (Other OTC:UMNG.PK - News) revealed this morning that the Republic of Guinea is the country in West Africa that it has been negotiating with recently for the BOOT (Build-Own- Operate-Transfer) Agreement in connection with that country's planned infrastructure development program. U Mining, through its newest operating subsidiary Comitrag, has been informed of plans to hold an official signing ceremony that will be scheduled before the end of February in Guinea. Present at the ceremony will be the CEO of U Mining and various government officials representing Guinea's infrastructure minister.

As per the terms of the Agreement, the Government of Guinea will grant U Mining, through its majority-owned subsidiary Comitrag -- based in Guinea, a Mining Concession for the exploration, development and production of a world-class iron ore resource in Guinea. Revenues generated from the production and sale of iron pallets extracted from the concession will assist in funding the next stage of that country's planned infrastructure upgrades, the construction and redevelopment of a railroad line and mineral seaport. Under the terms of the Agreement, U Mining's Comitrag subsidiary will be responsible for the management and operation of these major infrastructure projects.

The Mining Concession consists of an iron ore property situated in the Mount Simandou region of southeastern Guinea. The property covers a 55-km-long zone in the Simandou Mountain Range. Drill assays from previous exploration programs on the Simandou Range indicated a high-grade hematite, with a concentration of over 67% Fe (Iron), and an estimated of 3 billion plus metric tons of iron ore resources (Source: Guinea Ministry of Mines and Geology, 2005). In fact, the nearby Pic de Fon iron ore deposit has an estimated 1.2 billion metric tons of iron ore at a grade of about 65% to 68% iron. It is this fact together with the previous tests done in the area that have lead U Mining and its team to believe that this newest concession will soon be regarded as a world-class iron ore resource, and the Simandou region home to Africa's largest iron ore deposits.


  





About 98% of the iron ore mined worldwide is used to make steel -- one of the greatest inventions and most useful materials ever created. While the other uses for iron ore and iron are only a very small amount of the consumption, they provide excellent examples of the ingenuity and the multitude of uses that man has created from our natural resources. Powdered iron is used in metallurgy products, magnets, high-frequency cores, auto parts, and catalyst. Radioactive iron (iron 59) is used in medicine, and as a tracer element in biochemical and metallurgical research. Iron blue is utilized in paints, printing inks, plastics, cosmetics (eye shadow), artist colors, laundry blue, paper dyeing, as a fertilizer ingredient, in baked enamel finishes for autos and appliances, and in industrial finishes. Black iron oxide is used as pigment, in polishing compounds, metallurgy, medicine, magnetic inks, and in ferrites for the electronics industry.

While total revenues to be earned by U Mining over the long term of these projects, including from its percentage of the iron ore sales, is likely in the hundreds of millions, U Mining's preliminary agreement for the infrastructure development phase of the project alone called for U Mining to be awarded a USD $15 million retainer fee to commence operations.

To be added to U Mining's mailing list, please call and speak with the Investor Communications Representatives at 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 U Mining's recently revised 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
(858) 436-3350 Local

Source: U Mining Resources Inc.