News: 2009

US Gold Exploration News Release: El Gallo Drilling Continues to Return Exceptional Results! June 11, 2009 - TORONTO, ONTARIO - US GOLD CORPORATION (TSX:UXG) (NYSE Amex:UXG) is pleased to announce that new core drilling from the El Gallo project in Sinaloa State, Mexico continues to deliver exceptional results. Since drilling began in November this discovery has grown dramatically and covers an area totaling 1,475 ft (450 m) long x 1,300 ft (400 m) wide and to a depth of 380 ft (115 m). The results to date suggest there is good potential for further growth. Nine new core holes were drilled since our last news release. All of the holes were designed to test for extensions of the mineralization: Four on the west end, two on the east end, one on a possible cross cutting feature and two testing for depth in the middle of the zone. Full results are listed in Appendix 1. View full details | Download PDF

Rob McEwen Invites Investors to US Gold's AGM in Toronto on June 11, 2009. 1 King West Hotel,... June 9, 2009 - Rob McEwen, Chairman and CEO of US Gold, invites you to attend the Company's 2009 Annual Meeting! Rob will be providing shareholders and interested individuals an update on US Gold's activities and his outlook for gold. View full details | Download PDF

US Gold Announces the Closing of Over-Allotment of Common Stock May 26, 2009 - TORONTO, ONTARIO-- US GOLD CORPORATION (TSX:UXG)(NYSE Amex:UXG) (the "Company" or "US Gold"), a U.S. and Mexico focused gold and silver exploration company, announced today the closing of the sale of 3.15 million shares of common stock, pursuant to the underwriters' over-allotment option to purchase 3.3 million shares of common stock, which the Company granted in connection with its recently-closed public offering of common stock. Consistent with the recently-closed public offering, the 3.15 million shares were sold to the underwriters at the public offering price of US$2.00 per share (before the underwriters' commissions and expenses). The recently-closed public offering of 22.0 million shares of common stock closed on May 19, 2009 and was made pursuant to the Company's shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC") and a shelf prospectus filed with certain Canadian securities regulatory authorities. With the sale of the additional 3.15 million shares to the underwriters, 25.15 million shares in total have been sold in connection with the offering. View full details | Download PDF

US Gold Announces the Closing of Its Public Offering of Common Stock May 19, 2009 - TORONTO, ONTARIO-- US GOLD CORPORATION (TSX:UXG)(NYSE Amex:UXG) (the "Company" or "US Gold"), a U.S. and Mexico focused gold and silver exploration company, announced today the closing of its previously announced public offering of common stock pursuant to the Company's shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC") and a shelf prospectus filed with certain Canadian securities regulatory authorities. The Company sold 22.0 million shares of common stock at a price of US$2.00 per share. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to 3.3 million additional shares of common stock to cover over-allotments, if any. The over-allotment option must be exercised prior to June 12, 2009. View full details | Download PDF

US Gold Announces Pricing of Common Stock Offering May 12, 2009 - TORONTO, ONTARIO - US GOLD CORPORATION (TSX:UXG)(NYSE Amex:UXG) (the "Company" or "US Gold"), a U.S. and Mexico focused gold and silver exploration company, announced today the pricing of its previously announced public offering of common stock pursuant to the Company's shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC") and a shelf prospectus filed with certain Canadian securities regulatory authorities. The Company has agreed to increase the number of shares sold by 10 percent to 22.0 million shares at a price of US$2.00 per share. The Company has granted the underwriters a 30-day option to purchase up to 3.3 million additional shares of common stock to cover over-allotments, if any. View full details | Download PDF

US Gold Announces Common Stock Offering April 29, 2009 - TORONTO, ONTARIO-- US GOLD CORPORATION (TSX:UXG)(NYSE Alternext US:UXG)(NYSE Amex:UXG.A) (the "Company" or "US Gold"), a U.S. and Mexico focused gold & silver exploration company, is pleased to announce that it intends to offer 20 million shares of its common stock pursuant to the Company's shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC") and a shelf prospectus filed with certain Canadian securities regulatory authorities. Rob McEwen, the Company's Chairman and CEO, intends to purchase shares of the common stock in this offering. The Company intends to grant the underwriters a 30-day option to purchase up to 3 million additional shares of common stock to cover over-allotments, if any. View full details | Download PDF

US Gold Increases Gold Resources in Nevada. Prerelease Q1 2009 Financial Summary April 28, 2009 - US GOLD CORPORATION is pleased to announce a substantial increase in the estimated mineral resource at the Company's Gold Pick, Gold Ridge North, Cabin Creek and Hunter deposits located on the property commonly referred to by the Company as Gold Bar. The new estimate increased measured and indicated resources by 64% over the resource published on December 4, 2008. The deposits are located on US Gold's 170 square mile (440 km2) property approximately 10 miles (16 km) south of US Gold's Tonkin deposit on Nevada's Cortez Trend. US Gold updated the estimate in order to incorporate new results from 20 holes drilled in 2008, and to include the Cabin Creek and Hunter deposits where there is sufficient historic drilling to define a resource. The current resource was prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards pursuant to National Instrument 43-101 ("NI 43-101") by Telesto Nevada Inc. of Reno, Nevada. Download PDF

El GALLO: LONGER, DEEPER & RICH. 12.3 OPT SILVER OVER 34.4 FT, WITHIN 3.9 OPT SILVER OVER 316.6 FT April 24, 2009 - TORONTO, ONTARIO US GOLD CORPORATION (NYSE Amex:UXG) (TSX:UXG) (FRANKFURT:US8) is pleased to announce that core drill results from the El Gallo project in Sinaloa State, Mexico have returned the widest intersection to date and extended the mineralization at depth: 12.3 ounces of silver per ton (opt) (423.3 grams per tonne (gpt)) over 34.4 feet (ft) (10.5 meters (m)), including 33.8 opt silver (1,160.0 gpt) over 2.8 ft (0.9 m). This interval was inside of a wider zone that averaged 3.9 opt silver (135.4 gpt) over 316.6 ft (96.5 m). Another high-grade intercept was: 64.5 opt silver (2,210.0 gpt) over 1.3 ft (0.4 m). View full details | Download PDF

News Release April 9, 2009 - Toronto, Ontario (April 9th, 2009) - US GOLD CORPORATION (NYSE.A: UXG - TSX: UXG - Frankfurt: US8) advises that certain disclosure in the Company's news release of February 12, 2009 which referenced previously published resource estimates disclosed contained ounces of gold for the Magistral Property and contained ounces of silver for the Palmarito Project, should have also included the figures for tonnage and grade for the various resource categories. View full details | Download PDF

Complete El Gallo Results March 18, 2009 - Complete El Gallo Results Download PDF

US Gold Corporation: El Gallo Returns Deepest High-Grade Intercept 20.8 opt Silver Over 14.3 ft March 18, 2009 - TORONTO, ONTARIO- US GOLD CORPORATION is pleased to announce that core drilling at the El Gallo project in Sinaloa State, Mexico, has returned the deepest high-grade silver intersection to date. Testing below the previous limits of the mineralization returned: 20.8 ounces of silver per ton (opt) (713.1 grams per tonne (gpt)) over 14.3 feet (ft) (4.4 meters (m)). View full details | Download PDF

US Gold Corporation: El Gallo Delivers Exceptional High-Grade Core Drill Results From Surface!... March 2, 2009 - TORONTO, ONTARIO - US GOLD CORPORATION is pleased to announce new step out drilling has intersected exceptional high-grade mineralization over excellent widths at the El Gallo project in Sinaloa State, Mexico! View full details | Download PDF

El Gallo Drill Results Continue to Shine. Initial Four Core Holes All Intersect Significant... February 12, 2009 - Toronto, Ontario - US GOLD CORPORATION is pleased to announce results for the first four core holes at El Gallo in Sinaloa State, Mexico. Each hole intersected significant high-grade mineralization with three of the four holes returning +30 ounces per ton (opt) silver (+1000 grams per tonne (gpt silver)). A fourth hole returned grades of 19.5 opt silver (669.0 gpt silver) and 0.42 opt gold (14.25 gpt gold), demonstrating the high-grade nature of this discovery. View full details | Download PDF

Complete El Gallo Results February 9, 2009 - Complete El Gallo Results Download PDF

El Gallo Continues to Grow, Delivering More High-Grade Silver 27.0 opt Silver over 15 ft & 17.3... February 9, 2009 - Toronto, Ontario - US GOLD CORPORATION announces new high-grade results from its El Gallo project in Sinaloa State, Mexico. Best intersections return 27.0 opt silver (925.3 gpt silver) over 15.0 ft (4.6 m) including 38.2 opt silver (1310.0 gpt silver) over 5.0 ft (1.5 m) and 17.3 opt silver (593.8 gpt silver) over 50.0 ft (15.2 m) including 41.4 opt silver (1420.0 gpt silver) over 5.0 ft (1.5 m) with mineralization all within 150.0 ft (45.7 m) of surface. View full details | Download PDF

Complete El Gallo Results January 6, 2009 - Complete El Gallo Results View full details | Download PDF

El Gallo: Two New High-Grade Areas Discovered. Best Result: 34.6 opt Silver, 0.51 opt Gold over... January 6, 2009 - TORONTO, ONTARIO - US GOLD CORPORATION announces more exciting results from its El Gallo project in Sinaloa, Mexico. High-grade mineralization has been encountered at four separate locations. View full details | Download PDF

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