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US Gold Corporation
TSX:	UXG
AMEX:	UXG
FRANKFURT:	US8

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December 4, 2007
Rob McEwen Increases Ownership in US Gold to 21.5%
DENVER, COLORADO--(Marketwire - Dec. 4, 2007) - (All amounts in Canadian Dollars) US Gold Corporation (TSX:UXG)(AMEX:UXG)(FRANKFURT:US8) is pleased to announce that Rob McEwen, Chairman and CEO, has increased his beneficial ownership in the Company to 21.5% (20,687,427 shares) from 19.8% (18,635,348 shares) through the exercise of Warrants of US Gold Canadian Acquisition Corporation. This additional investment in US Gold totals $3,903,107. The Company wishes to state that the recent senior management changes are part of a deliberate plan to tighten the focus and improve the product of our exploration efforts. The duties of the former president have been assumed by Rob McEwen and other members of management. Also, Bill Pass, Vice-President and Chief Financial Officer, has notified the Company that after 20 years of loyal service to US Gold that he will retiring as of March 31, 2008. The Company wishes to thank Bill for all his hard work and dedication. The Warrants were issued in 2005 by two companies by way of private placement. Subsequently, these companies were acquired earlier this year by US Gold (Nevada Pacific Gold and Tone Resources). After giving effect to share exchange ratios for these two companies the average exercise price of the Warrants was $1.90 per share and were exercised into shares of US Gold Canadian Acquisition Corporation which are exchangeable at any time on a one for one basis into common shares of US Gold Corporation. The shares were issued from the treasury of US Gold Canadian Acquisition Corporation. ABOUT US GOLD US Gold Corporation is a United States based gold exploration company aggressively exploring in Nevada. The Company has a large land position, a strong treasury and an experienced exploration team. US Gold's shares trade on the American and Toronto Stock Exchanges under the symbol UXG.

CONTACT INFORMATION:

US Gold Corporation
William F. Pass
Vice President and Chief Financial Officer
(303) 238-1438
Fax: (303) 238-1724
Email: bill@usgold.com

or

US Gold Corporation
Ian J. Ball
(416) 346-4680
Fax: (647) 258-0408
Email: info@usgold.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Utah Uranium Corp.

	EXPLORATION STAGE
	CODE : UTUC.OB

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Utah Uranium is a uranium exploration company based in United states of america.

Its main exploration property is POTASH in Canada.

Utah Uranium is listed in United States of America. Its market capitalisation is US$ 6.5 millions as of today (€ 4.2 millions).

Its stock quote reached its highest recent level on December 31, 2007 at US$ 1.98, and its lowest recent point on July 30, 2008 at US$ 0.17.

Utah Uranium has 38 279 200 shares outstanding.

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Utah Uranium Corp.

Rob McEwen Increases Ownership in US Gold to 21.5%

Utah Uranium Corp.