"UC Resources Ltd. has arranged a non-brokered private placement by the sale of five million shares at eight cents per unit to raise $400,000. The unit will consist of one share and one-half purchase warrant, with each whole warrant exercisable at 10 cents for a period of one year. Proceeds from the private placement will be used for Xora exploration and working capital purposes.

Jim Voisin, president and chief executive officer of UC Resources, states, "This hard-dollar placement will allow management to begin exploration of the Xora property now and bumps up the 2010 Mexican exploration strategy by six months at least." As per the recent news release (see Stockwatch, Jan. 25, 2010), the Xora exploration plan has now been completed and will focus on the sample area that yielded up to four grams per tonne (g/t) to seven g/t gold and 250 g/t to 600 g/t silver, with highs of 980 g/t to 1,900 g/t silver (see Stockwatch, March 17, 2009)."

Just passing some time like everyone else...I would also make a calculated guess that we will be drilling on this property within a month...Again JMHO.