Drilling Returns Significant Grades At El Gallo 

TORONTO, ON  US Gold reported the results of a significant new core hole at the El Gallo Project in Sinaloa State, Mexico. This hole intersected 22.9 ounces of silver per ton (opt) over 34.1 feet (ft) (785.7 grams per tonne silver (gpt) over 10.4 meters (m). The intersection occurs 1,150 ft (350 m) southwest of all previous core drilling in a new area named the "Southwest Zone" and starts just 29.5 ft (9.0 m) below surface.

"This is a fantastic hole and it opens up a completely new area for exploration! Additional drilling will look to connect this mineralization to the Main Zone and try to extend it further to the southwest, which is untested. US Gold is now establishing what I feel is an excellent platform for growth: a significant silver discovery at El Gallo in Mexico, an advanced stage gold project at Gold Bar in Nevada, large prospective land holdings and a large treasury with no debt," stated Rob McEwen, Chairman and CEO. The company's address is 99 George St., 3rd Floor Toronto, ON M5A 2N4.