March 31, 2008 US Gold Appoints Perry Ing as Chief Financial Officer DENVER, COLORADO--(Marketwire - March 31, 2008) - US Gold Corporation (TSX:UXG)(AMEX:UXG)(FRANKFURT:US8) is pleased to announce the appointment of Perry Y. Ing (CA, CPA, CFA) as the Company's Chief Financial Officer effective March 31, 2008. Perry holds a Bachelor of Commerce Degree from the University of Toronto and is a Chartered Accountant in Canada, Certified Public Accountant in the US and Chartered Financial Analyst. He brings extensive financial management and reporting experience in the mining sector having previously served as Corporate Controller for Goldcorp Inc. and as a consultant to Barrick Gold Corp. Perry also spent six years at the mining practice of PricewaterhouseCoopers LLP where his responsibilities included managing the audits of large international mining companies as well as a variety of junior mining companies. As announced in December, Bill Pass will be retiring from his post on March 31, 2008, after 20 years of loyal service to US Gold. Bill will continue to serve US Gold in a consulting capacity to assist in the transition. The Company wishes to thank Bill for all his hard work and dedication. ABOUT US GOLD US Gold Corporation is a United States based gold exploration company that is exploring in northeastern Nevada and recently began exploration in Mexico. The Company has large land holdings and a strong treasury. US Gold's shares trade on the American and Toronto Stock Exchanges under the symbol UXG.

CONTACT INFORMATION: US Gold Corporation Ana E. Aguirre Manager, Investor Relations (647) 258-0395 or Toll Free: 1-866-441-0690 Fax: (647) 258-0408 Email: info@usgold.com INDUSTRY: Manufacturing and Production - Mining and Metals