I had a question or two for Jim and here is his response - best of luck in Mexico!!! bring home the gold (or the silver) :) QQ

XXXXX, thank you for your note.

UC Resources is an Exploration Company that is in the unique position of going into production, as well as exploring in the hottest exploration area in North America, if not the World. Both of these fronts that we are focused on require a tremendous amount of concentration, funds and commitment! Please keep in mind that these placements were negotiated at a premium when they were done, which has wound up at a discount today.

We have done a placement that will fund UC through the 40% level of earn in on the McFaulds property in the James Bay Lowlands and assured preservation of hard cash dollars to bring the La Yesca mill on line early in the new year.

Being in two places at the same time is truly a challenge but we are well equipped to handle both projects.

We have only raised the funds that we require with a small buffer, as I expect the LaYesca mill to be in production in the first quarter and profitable by the end of the first quarter. We did turn away funds from the present placement, and in today's environment of financial restraint I feel this bodes well for our company. I understand that other exploration companies are having some difficulty in raising funds. We are quite privileged that we are one of the few companies that has the ability to raise funds.

I don't like the dilution any more that anyone else, but for this moment it was the proper decision for the company and will benefit us greatly. Our company has had a couple of key objectives this year and we are quite optimistic we will achieve them.

As for your question on the shares: The shares in the placement are subject to the standard 4 month hold period.

I look forward to hearing from you again. I will be out of touch from Sunday to Thursday of this week in the field on the Xora claim in Mexico.

My Best
Jim Voisin