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USPR Announces Engagement of Investment and Consulting Firm

Wed. August 26, 2009; Posted: 04:45 PM
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LAKE MARY, FL, Aug 26, 2009 (MARKETWIRE via COMTEX) -- USPR | Quote | Chart | News | PowerRating -- U.S. Precious Metals, Inc. (OTCBB: USPR | Quote | Chart | News | PowerRating) ("USPR" or the "Company") announced that it has engaged the services of a well-established international investment and consulting firm in connection with exploring its financial and strategic options relating to the exploration and production of minerals at La Sabila mining concessions. M. Jack Kugler, Chief Executive Officer and Chairman of the Board, said that he is optimistic that this engagement will substantially help USPR to access its resources and further develop its business.

About U.S. Precious Metals, Inc.:

USPR is a mineral exploration company headquartered in Lake Mary, Florida and operating 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 37,000 acres of land in Michoacan, Mexico. USPR's common stock is quoted on the OTC Bulletin Board under the symbol "USPR."

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. 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, such factors, including risk factors, discussed in USPR's Annual Report on Form 10-K/A for the fiscal year ended May 31, 2008, filed with the U.S. Securities and Exchange Commission on February 23, 2009. 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.

CONTACT:
U.S. Precious Metals, Inc.
M. Jack Kugler
Chairman of the Board/CEO
(407) 566-9310
http://www.usprgold.com


SOURCE: U.S. Precious Metals, Inc.

http://www.usprgold.com
For full details for USPR click here.

    


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