Rob McEwen becomes director, C.E.O. and Chairman of U.S. Gold (August 19, 2005)
U.S. Gold Corporation (OTCBB:USGL) announces that the
Board of Directors yesterday appointed Rob McEwen as
a Director of the Company and subsequently named him
CEO and Chairman of the Board of Directors. Declan Costelloe
was also appointed as a Director of the Company. The
appointments were made to fill vacancies created by
the resignations of William Reid as Director, CEO and
Chairman of the Board and David Reid as Director and
Vice President, also effective yesterday. William Reid
and David Reid will remain with U.S. Gold as consultants
on an at-will basis until September 30, 2005. The remainder
of the Company's Board of Directors remains unchanged.
These changes were discussed prospectively in the Company's
press release of July 29, 2005.
Certain statements contained herein and subsequent
oral statements made by and on behalf of the Company
may contain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements are identified
by words such as "intends," "anticipates,"
"believes," "expects" and "hopes"
and include, without limitation, statements regarding
the Company's plan of business operations, potential
contractual arrangements, receipt of working capital,
anticipated revenues and related expenditures. Factors
that could cause actual results to differ materially
include, among others, those set forth in the Company's
Annual Report on Form 10-KSB for the fiscal year ended
December 31, 2004, under the caption "Risk Factors."
Most of these factors are outside the control of the
Company. Investors are cautioned not to put undue reliance
on forward-looking statements. Except as otherwise required
by applicable securities statutes or regulations, the
Company disclaims any intent or obligation to update
publicly these forwardlooking
statements, whether as a result of new information,
future events or otherwise.
For Further Information, please contact:
U.S. Gold Corp.
William F. Pass
Tel: 303-238-1438
Fax: 303-238-1724
or
Robert R. McEwen
Tel: 416-865-0326
Fax: 416-361-5741
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