Over three months ago the following details were shared by management via press release: Certainly something of reportable value (material benefit) should be made public after more than three months of activity in the following areas:

1) The company has hired Gerado Tarin Zapata as its Senior Geologist.

His experience is of value to UC as the company initiates its mapping, channel sampling and imminent drilling program on the XORA and La Pinta concessions, closely adjacent to the La Yesca mill operations.

2) Mill upgrades have been initiated at La Yesca and management has already witnessed some improvements in processing of material.

New precipitate handling and smelting procedures have also been implemented. As upgrades are completed and mill operations are improved to maximize run rates, it is very important that management can trust every element of the smelting and recovery process. The procedures have been implemented to ensure that this is the result and help move the company to commercial production status.

3) With the focus on Mexico the company believes that excellent project/property opportunities will arise.

We are currently evaluating new projects with the intention of enhancing shareholder value. UC Resources has sufficient capital reserves to be able to selectively choose those opportunities that will best suit the company and its plan to acquire near term production assets and grow the company.