Emerging producer of Gold and Silver in Mexico

Property hosts Inferred mineral resources of 225,750 tonnes of tailings with a grade of 2.0 g/t gold and 220 g/t of silver.

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Message: UC Resources Ltd.: Shares for Debt

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UC Resources Ltd.: Shares for Debt

posted on Feb 11, 11 07:04PM (Log in to use the IP Check tool) ^[?]

VANCOUVER, BRITISH COLUMBIA--(Feb. 11, 2011) - UC Resources Ltd. (TSX VENTURE:UC) -

The Company wishes to announce it has agreed to issue a total of 278,737 shares for debt, at a price of $0.095 per share, to extinguish a debt in the amount of $26,480. Trading in the shares issued for the debt will be subject to a four month and a day hold period from the date of distribution.

The issuance of shares for debt is subject to TSX Venture Exchange approval.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

FOR FURTHER INFORMATION PLEASE CONTACT:

Damien Lowry
UC Resources Ltd. - Vancouver Head Office
(604) 681-7265 or Toll Free: 1-800-366-8566 (Canada & USA)
(604) 608-6163 (FAX)
www.ucresources.net

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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