U.S. Energy Corp. Sells Interest in Sutter Gold Mining

RIVERTON, WY - U.S. Energy Corp. reported that it has completed the sale of an aggregate of 39,062,720 common shares of Sutter Gold Mining Inc. representing approximately 49.9% of the outstanding common shares of SGMI to RMB Resources Ltd.
``With the sale of our controlling equity position in SGMI we continue to successfully execute our strategy to monetize non-core assets to support investment in other areas of our business,'' stated Mark Larsen, President of U.S. Energy Corp. ``In this instance, however, we have chosen to enhance our residual equity position by making an additional investment in SGMI's private placement so we can participate to a greater extent in any future upside potential,'' he added.
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