United Mining Group Issues Stock Options

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Thu, May 13, 2010

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[ Tue, May 11th 2010 ]: Market Wire

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Infinera Deploys Transatlantic Route for Major Global Telecommunications Service Provider

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United Mining Group Issues Stock Options

//science-technology.news-articles.net/content/2 .. 10/united-mining-group-issues-stock-options.html

Published in Science and Technology on Monday, May 10th 2010 at 18:00 GMT by Market Wire
^{🞛 This publication is a summary or evaluation of another publication}

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 10, 2010) - United Mining Group, Inc. (the "Company"), (CNSX:UMG) wishes to announce that the Company has granted 2,800,000 incentive stock options to certain directors and officers. The options are exercisable at $0.80 per share and will expire on May 10, 2015. Such options will be subject to the vesting schedule as per the Company's stock option plan.

About United Mining Group

United Mining Group is a profitable, vertically integrated mining company with operations in Idaho, USA combining both mining services and mining.

The Company offers a full suite of mining services including: Contract Mining, Contracting/Construction (including Mine Remediation), and Fabrication and Machine Services. In 2009, Mining Services earned $15.7 million revenue and $3 million operating income.

The Crescent Mine is located in the Silver Valley, Idaho the second largest silver district in the world. It has a 43-101 resource of 10.2 million ounces silver. The Crescent Mine has historically produced 25 million ounces silver at an average grade of 27.3 opt (SRK Consulting 43-101 Report, March 1, 2010).

For more information about the Company, please visit: [ www.unitedmininggroup.com ].

In compliance with National Instrument 43-101, Lawrence Dick, Ph.D., P.Geo., is the Qualified Person responsible for the accuracy of this news release.

On behalf of the board of directors of United Mining Group, Inc.,

Greg Stewart President, CEO and Director