USCorp (OTCMarkets: USCS) today announced it has launched its updated website: http://www.uscorpgold.com. Included on the new site, in a letter to shareholders, is a recap of one of the most successful years in the company’s history. The letter to shareholders can be found at http://uscorpgold.com/wp-content/uploads/2011-Shareholders-Letter.pdf. In the letter, USCorp said that the past fiscal year, ending September 30, 2011, has been among the most active and productive in the company’s history.

In the letter to shareholders, Robert Dultz, Chairman and CEO of USCorp said, “With the last stages of the Twin Peaks Project exploration program fully underway, we are now turning our attention to the Picacho Salton property” (in California), noting that the company has secured the services of Image2Map Services. We also expect retain the services of Pincock Allen & Holt. “Our MPO [Mining Plan of Operations] for conducting exploratory drilling has been reviewed by the Bureau of Land Management and we look forward to keeping you apprised of our progress in this promising property going forward.”

During the past year, USCorp took significant steps to bringing about shareholder value as it relates to the company’s interests in the Twin Peaks Property in Arizona. Among the achievements during the past year were:

  • Renegotiation and reduction of corporate debt
  • Strategic business relationship formed with Arizona Gold Corp. (“AGC”) to carry out activities at Twin Peaks: Exchanged the Twin Peaks claims for 66.82% of the issued and outstanding shares of AGC.
  • Established strategic business relationships with world-class mining professionals and mining services providers for the project including Pincock, Allen & Holt (PAH, Boart Longyear Drilling and Image2Map Services, Inc.
  • AGC added 104 new lode mining claims to the Twin Peaks project bringing total claims to 276 on 5,520 acres in Yavapai County Arizona.
  • $2.1 million in funding for Twin Peaks Project.
  • The PAH report on a portion of the Twin Peaks property stated it has definite upside potential with a potential five million tons or more of resources residing in three extensive mineralized quartz vein structures, including two discovered during PAH’s site visit and confirmation that other gold and silver mineralization also occurs at fault intersections and still exists in known historical workings on the property.
  • After PAH’s site visit two additional quartz vein structures were discovered. The quartz vein structures all together total almost 8 miles in length, and exposed portions show over 400 feet in depth. November’s drilling program is expected to confirm actual depth and determine values.
  • Arizona Bureau of Land Management approved a revised Mining Plan of Operations (“MPO”) that allows for completion of the third phase of previously approved MPO and conduct drilling on the newly added mining claims.
  • Announced that drilling on the Twin Peaks Property for Phase 3 will commence in November with Boart Longyear contracted to conduct the program.

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.

More information on USCorp can be found at the company’s website:. http://www.uscorpgold.com

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