U.S. Precious Metals, Inc. (OTC-BB:USPR)(USPR or Company) today reports
that over the past several months, USPR has hosted a number of site
visits to its 37,000 acre mining concessions located in Michoacán,
Mexico. The visits were undertaken by mining, consulting and investment
banking entities, and were carried out by USPR's President and Senior
Geologist, Mr. David Burney.
Mr. Burney expressed his gratitude for the efforts of the various
parties. "Personally, I am delighted with the site visits by industry
professionals. Both our property and lab facilities were extensively
appraised by these parties, and I believe that they stood up to the very
in-depth examinations. It is always rewarding to have your work and
findings examined by your peers and especially pleasing when your
findings are verified."
Mr. Jerry Pane, interim Chief Executive Officer, also expressed his
gratitude to the companies that visited the property and also to Mr.
Burney. Mr. Pane stated "I would like to thank the groups that visited
for their time and for the manner in which they dealt with USPR. I also
would like to express gratitude to Dave for organizing and ensuring the
visits were conducted in a professional manner. It is extremely
encouraging to have our property vetted by industry professionals and to
have your views on the property reinforced."
USPR is currently evaluating its potential options resulting from the
various site visits so as to maximize shareholder value going forward.
The company recently has undertaken a strategic restructuring of its
management (See Form 8-K of the Company filed on December 6, 2011).
In order to further facilitate the maximization of shareholder value,
USPR has entered into a definitive agreement with a major institutional
investment bank. This agreement is a major step for USPR as it provides
expertise that the company requires to execute its business plan in the
coming months. Please refer to the Company's Form 8-K dated as of this
date for more information on the investment banking agreement.
About US Precious Metals, Inc.
USPR is a precious metal exploration company headquartered in Lithia,
Florida and operates in Mexico through its Mexican subsidiary, U.S.
Precious Metals de Mexico, S.A. de C.V. USPR owns significant
exploration and exploitation rights to approximately 37,300 acres of
land in the State Michoacán, Mexico. USPR's common stock is quoted on
the OTC Bulletin Board under the symbol "USPR."
For more Information about U.S. Precious Metals, Inc. please visit: www.USPRGOLD.com.
Safe Harbor Statement
Statements contained herein that are not based upon current or
historical fact are forward-looking statements. Such forward-looking
statements relate to future events and future operating results,
performance, prospects and opportunities. The use of terms such as
"anticipate," "believe," "estimate," "plan," "intend" and "expect" and
similar expressions, as they relate to USPR, or its management, identify
forward-looking statements. These forward-looking statements are based
on information currently available to USPR and USPR's current plans,
intentions and expectations and include statements regarding the
potential of the Mexican concessions. Forward-looking statements are
subject to a number of risks, uncertainties and other factors that could
cause USPR's actual results, performance, prospects and opportunities to
differ materially from those expressed in, or implied by, these
forward-looking statements. Factors that could cause or contribute to
such differences include, but are not limited to, our ability to raise
the funding necessary to retain the professionals necessary to execute
our plan and the other factors, including risk factors, discussed in
ours Annual Report on Form 10-K . Except as required by the Federal
securities law, USPR does not undertake any obligation to revise or
update any forward-looking statements contained herein after the date
hereof.
