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Warrants

US Gold Warrants trade in Canadian dollars on the Toronto Stock Exchange (TSX) with the symbol UXG.WT. The Warrants were issued as part of the US$75.15 million financing announced in February, 2006.

There are 8,851,000 Warrants outstanding with each whole Warrant allowing an investor to purchase one Common Share of US Gold at a price of US$10.00 per share until February 22, 2011.