Dear US Gold Shareholders,

US Gold personnel are now working at full capacity and construction continues to remain on schedule for Phase 1 production.

Highlights include:

* Pre-stripping continues at Samanegio open pit

* Earthwork for new crushing plant continues

* Heap leach pad expansion now underway

* Haul road construction to Sargrado Corazon deposit is complete

To view the El Gallo Development Photo Update, please click here .

For further information contact:
Jenya Meshcheryakova
Investor Relations
Tel: (647) 258-0395 ext 410
Toll Free: (866) 441-0690
Fax: (647) 258-0408
Mailing Address
181 Bay Street Suite 4750
Toronto ON M5J 2T3
P.O. Box 792