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News: 1999

U.S. Gold Reports Excellent Progress at Tonkin Springs

December 7, 1999 - DENVER, COLORADO- U. S. Gold Corporation (OTC BB: USGL) today announced that the exploration program at its 40%-owned Tonkin Springs Mine in Nevada has identified six new high-priority exploration targets located outside the defined "mine corridor." The 36 square mile Tonkin Springs property covers some 12 linear miles on the Cortez Trend, south of and ontrend with the Pipeline Mine, operated by Placer Dome Inc., which is one of the largest and lowest cost gold mines in North America.

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U.S. Gold Reports 1st Quarter Profits, Exploration Activity Begins at Tonkin Springs

May 17, 1999 - DENVER, COLORADO- U.S. Gold Corporation (USGL: OTC Bulletin Board) reported a $7,764 profit on revenues of $227,834 in the first quarter of 1999 which compares to a loss of ($238,408) on revenues of $5,713 in the first quarter of 1998.

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Continued Positive Drilling Results At Tonkin Springs

March 1, 1999 - DENVER, COLORADO - U.S. Gold Corporation (USGL: OTC Bulletin Board) is pleased to announce that it has a new participant at its Tonkin Springs Mine in Eureka County, Nevada. A subsidiary of Sudbury Contact Mines Limited (SUD: TSE), which itself is a subsidiary of Agnico-Eagle Mines Limited (AME: NYSE), has purchased Gold Capital Corporation's 60% interest at Tonkin Springs where Gold Capital has been U.S. Gold's joint venture partner.

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