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USCorp Announces Agreement with Arizona Gold Corp To Finance And Complete Exploration And Development Of 3440 Acre Twin Peaks Project


06/13/2011 | Press Release

Initial $ 2,100,000 Funding Completed; Drilling Expected To Commence Within Several Weeks

LAS VEGAS–(BUSINESS WIRE)–USCorp, Inc. (OTC:USCS), and Arizona Gold Corp (“AGC”), a private British Columbia corporation, today announced an agreement whereby USMetals, Inc. (“USMetals”, a wholly owned subsidiary of USCorp) and AGC have agreed to and financed a plan for the completion of exploration of the 3440 acre “Twin Peaks project” in Yavapai County, Arizona, USA.

The agreement includes the following:

Robert Dultz, Chairman and CEO of USCorp and USMetals, stated: “We are elated to announce this significant milestone for our stockholders and investors. Arizona Gold Corp is very excited about the field and assay work already being done. The initial contractual funding threshold of $2,100,000USD has been completed. As a result, the drilling program is moving forward and is expected to commence by the end of this quarter (June 30, 2011). The highly qualified and experienced team assembled by AGC demonstrates a very high level of experience and professionalism. We have constructed this agreement with AGC in such a way as to preserve and protect USCorp’s shareholders’ investment in the property while making it attractive for AGC and its investors. As a direct result of this initial breakthrough agreement, we expect regular and consistent updates to the investment community regarding our anticipated success.”

An 8-K filing was made with the SEC detailing the structure of the agreement. A copy of the 8-K can be viewed here: http://sec.gov/Archives/edgar/data/873185/000114420411034789/v225429_8k.htm

About USCorp

USCorp has majority interest in 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.

Information about USCorp can be found at the company’s website: http://uscorpnv.com.

SAFE HARBOR ACT DISCLAIMER NOTICE

“SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company’s entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company’s Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company’s expectations or future events.

Contacts

USCorp Robert Dultz
Chairman and CEO
robert@uscorpnv.com
or
Martin E. Janis & Company, Inc.
Beverly Jedynak
President
312-943-1123
bjedynak@janispr.com
or
Constellation Asset Advisors, Inc.,
Jens Dalsgaard
President
415-524-8500
info@constellationaa.com



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