Vancouver, British Columbia – United Mining Group, Inc. (the “Company”) (CNSX: UMG) wishes to announce that the company has 2.8 million incentive stock options granted to certain directors and officers . The options are exercisable at $ 0.80 per share and will expire on May 10, 2015. These options will be subject to the vesting schedule of each Company option plan.
About United Mining Group
United Mining Group is a profitable, vertically integrated mining company with operations in Idaho, USA combination of both mining and mining services.
The company offers a full range of services, including mining: Contract Mining, Contracting / Construction (including mine rehabilitation), and Manufacturing and Machine Services. In 2009, Mining Services revenues earned $ 15,700,000 and $ 3,000,000 in operating income.
The Crescent Mine is located in the Silver Valley, Idaho’s second largest silver districts in the world. It has a 43-101 resource of 10.2 million ounces of silver. The Crescent Mine has historically produced 25 million ounces of silver at an average grade of 27.3 opt (SRK Consulting three forty to ten hundred and one report, 01/03/2010).
For more company information, visit: www.unitedmininggroup.com.
In accordance with National Instrument 43-101, Lawrence Dick, Ph.D., P. Geo., Is the Qualified Person responsible for the accuracy of this press release.
On behalf of the Board of Directors of the United Mining Group, Inc.
Greg Stewart, president, CEO and Director
For more information please contact
United Mining Group, Inc.
Jason Birmingham
778.331.2022
jason.birmingham @ barongroupintl.com
or
United Mining Group, Inc.
Greg Stewart
208.682.9018
gstewart@unitedmininggroup.com
www.unitedmininggroup.com
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