US Gold - News

US GOLD PROVIDES MEXICO & NEVADA EXPLORATION UPDATE

US GOLD CORPORATION is pleased to announce continuing exploration success from the Magistral Mine in Sinaloa State, Mexico.

US Gold Appoints Perry Ing as Chief Financial Officer

US Gold Corporation is pleased to announce the appointment of Perry Y. Ing (CA, CPA, CFA) as the Company's Chief Financial Officer effective March 31, 2008.

Mexico exploration update results from three exploration targets 0.093 opt gold over 101 ft; 0.204 opt gold, 30.08 opt silver, 1.5% lead & 0.2% zinc over 9.8 ft; 9.33 opt silver over 44.9 ft

Denver, Colorado - US GOLD CORPORATION is pleased to announce results from its Magistral Mine and surrounding regional projects in Sinaloa State, Mexico. Exploration from the Magistral Mine intersected 0.093 opt (ounces per ton) gold over 101 ft. (3.17 gpt (grams per tonne) gold over 30.8 meters). Projects outside the mine area continue to deliver interesting results. Highlights from the Shakira Project include 0.204 opt gold, 30.08 opt silver, 1.5% lead and 0.2% zinc over 9.8 ft. (7 gpt gold, 1030 gpt silver, 1.5% lead and 0.2% zinc over 3 meters). Drill results from the Palmarito Silver Project returned 9.33 opt silver over 44.9 ft. (319.6 gpt silver over 13.7 meters).

Mexico Delivering Positive Results. Magistral Mine Exploration-0.541 opt gold over 40 ft. within 0.144 opt gold over 165 ft.

Denver, Colorado - US GOLD CORPORATION is pleased to announce results from several projects within Sinaloa State,Mexico. Drilling at the Magistral Mine has intersected significant gold mineralization. The first drill result from the La Prieta vein returned 0.541 opt (ounces per ton) gold over 40 feet (ft.) (18.53 gpt (grams per tonne) gold over 12.2 meters) within a longer interval of 0.144 opt gold over 165 ft. (4.93 gpt gold over 50.3 meters). Exploration at the Shakira Project continues to deliver encouraging drill results; 0.036 opt gold, 1.74 opt silver over 147.6 ft. (1.24 gpt gold, 59.6 gpt silver over 45.0 meters), including 0.454 opt gold, 20.99 opt silver over 9.8 ft. (15.55 gpt gold, 719 gpt silver over 3 meters).