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United Mining Group Issues Stock Options to Consultants


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Published in Science and Technology on Thursday, May 13th 2010 at 17:20 GMT by Market Wire   Print publication without navigation


VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2010) - United Mining Group, Inc. (the "Company") (CNSX:UMG) wishes to announce that the Company has granted 300,000 incentive stock options to certain consultants of the Company. 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



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