USCorp Junior Gold and Silver Exploration Company Update on Financing Negotiations

USCorp (OTCBB: USCS) wishes to update its shareholders and interested members of the public regarding negotiations for financing development of its properties.

Robert Dultz, President, Chairman and CEO, and other members of the management and exploration teams have been involved in correspondence, conference calls, site visits, meetings and review of USCorp’s proprietary data, with a variety of people representing more than 10 mining companies, including some contacts directly with their CEOs.

The mining companies range in size from junior to major, and from regional to international in scope.

According to Mr. Dultz, “No formal written proposals have been received, although we are in advanced verbal negotiations with three companies. If this was a beauty contest we would consider one of the organizations to be ‘Miss Universe.’”

These communications have as their object completing one or more of the following: financing, joint-venture, merger, acquisition or other business combinations whose purpose is development of the Company’s California and Arizona properties by or with well-financed and highly experienced miners.

About USCorp

USCorp’s two projects: the gold and silver Twin Peaks in Yavapai County, Arizona, and the gold Picacho Salton in Imperial County, California.

About Measurements

Technical Reports and Feasibility Studies on our projects use the internationally recognized Canadian terms "Mineral Resource," "Measured Mineral Resource," "Indicated Mineral Resource" and "Inferred Mineral Resource" that 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 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 USCorp’s filings with the SEC. Actual results may differ materially from any forward-looking statements due to such risks and uncertainties. USCorp undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

USCorp (CE) (USOTC:USCS)
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