US Gold Provides Mexico & Nevada Exploration Update

Market Wire, May, 2008

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," and "inferred," that the SEC guidelines strictly prohibit us from including in our filing with the SEC. U.S. investors are urged to consider carefully the disclosure in our Form 10-K.

To view "Figure 1: Samaniego Pit Exploration Results", visit the following link: http://media3.marketwire.com/docs/uxg1.pdf

To view "Figure 2: Cerritos Vein Exploration Results", visit the following link: http://media3.marketwire.com/docs/uxg2.pdf

Contacts: US Gold Corporation Ana Aguirre Manager, Investor Relations (647) 258-0395 or Toll Free: 1-866-441-0690 (647) 258-0408 (FAX) Email: info@usgold.com