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USCorp, a Junior Gold Exploration Company, Signs Major Joint Venture Agreement


10/18/2010 | Press Release

LAS VEGAS–(BUSINESS WIRE)–USCorp (OTCBB:USCS) has signed an Agreement to form a Joint Venture that will initially provide USD$25 million in loans and loan guarantees for development of USCorp’s mining properties. The Agreement also calls for raising USD$100 million publicly or privately.

USCorp announced in a previous press release dated September 9, that USCorp had signed a Letter of Intent with a Chinese Agricultural, Industrial and Mining Conglomerate with over USD$700 million in annual revenues.

USCorp will release additional details shortly.

About USCorp

USCorp has two mineral exploration projects in the United States: the gold and silver Twin Peaks project located in Yavapai County, Arizona, and the gold Picacho Salton project located in Imperial County, California.

About Measurements

Technical Reports and Feasibility Studies on our projects are presented in accordance with Canadian and internationally recognized standards. The terms “Mineral Resource,” “Measured Mineral Resource,” “Indicated Mineral Resource” and “Inferred Mineral Resource” are Canadian mining terms and are not defined terms under standards of the United States Securities and Exchange Commission (SEC). Under SEC standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically produced and permitted in order to be legally produced or extracted at the time the reserve calculation is made. USCorp cautions readers not to assume that all or any part of Measured, Indicated or Inferred Resources will ever be converted into Mineral Reserves as defined by the SEC.

Forward Looking Statements

Statements contained in this release that are not historical facts are forward-looking and involve risks and uncertainties. See “Risk Factors” in the company’s filings with the U.S. Securities and Exchange Commission. The actual results that the company achieves may differ materially from any material forward-looking statements due to such risks and uncertainties. The company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

Contacts

USCorp
Robert Dultz, Chairman and CEO
robert@uscorpnv.com
or
Martin E. Janis & Company, Inc. Public Relations
Beverly Jedynak, 312-943-1123
bjedynak@janispr.com



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