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    Press Release Source: U Mining Resources Inc.   

U Mining Resources Inc. Provides Updates on Company's Financial Strategy and Operational Plan

Tuesday April 1, 8:00 am ET

NEW YORK, NY--(MARKET WIRE)--Apr 1, 2008 -- U Mining Resources Inc. (Other OTC:UMNG.PK - News) today provided a corporate update to investors:
Since 2006, U Mining has been building its portfolio of key assets by strategically acquiring: (a) promising, uranium-rich mining prospects, and; (b) a unique, proprietary "green energy" technology to be used in the production of bio-fuels, specifically through a mixture of crude oil, water and this proprietary surfactant. The capital required for these acquisitions was raised through the sale of restricted (144) shares of UMNG stock to private investors. Here is a summary update of all activities U Mining has been engaged in over the last few years:

Uranium Prospects

In regards to our uranium assets division, we have received advice from geologists that the Company's best route of development is to first conduct radioactivity surveys on our properties. This phase one of development represents a capital cost of approximately USD $250,000 to $400,000. These surveys will allow us to identify the key areas in which to concentrate our extraction efforts. Surveys are tentatively scheduled to commence this summer.

Green Energy

In regards to our green energy, bio-fuel development, the Company has conducted further lab testing over the last three months utilizing crude oil obtained from local sources here in Canada. Our team has developed a viable surfactant product that will be marketed to diesel processing plants worldwide. More details of this revolutionary mixture will be made available as we roll it out to market. The plan is to expand based on demand, keeping U Mining's up front costs to a minimum.

  





Republic of Guinea

From the earliest stages of our relationship with the Comitrag S.A. team in Guinea, we were certain this was an extraordinary opportunity for the Company; a chance for a relatively small, emerging company to be involved in a very large project with vast implications. We have assembled our proposition for this project by leveraging strategic financial commitments from organizations and banks who have envisioned the same potential as we have. These financial commitments have allowed us to bid on and be awarded at least the first phase of Guinea's long-term infrastructure re-development project. U Mining intends to release further information on the financing aspect of this project when it becomes available, and as it is prudent.

Financials

Finally, U Mining is happy to announce that it will soon make available financial statements for the last two fiscal years. This is being done in an effort to greatly increase U Mining's transparency. Interested parties will soon be able to view how we have financed our activities and paid for our strategic acquisitions.

CEO Jean de Montigny commented on the filings: "I strongly believe that our efforts in this area will illustrate to our shareholders that U Mining is here for the long-term, and that investment in our company constitutes a great opportunity."

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. EDT 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
(858) 436-3350 Local

Source: U Mining Resources Inc.