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UC Resources Hires Source One Capital Corp.
February 15, 2006
UC Resources Ltd.: Torreon, Coahuila, Mexico/Vancouver, British Columbia; Trading Symbol: UC: TSXV (the “Company”) UC Resources Ltd. has retained Source One Capital Corporation to assist in the investor relations and corporate communications efforts to the investment community on behalf of the company to channels of communications between the corporation and its retail investors with the objective of increasing the company's visibility in the marketplace.
Source One Capital Corporation is in the business of providing investor relations and corporate communication services to a variety of public companies for a number of years. The company has engaged Source One for an initial 6 month period commencing February 15th, 2006. In consideration of the services to be provided, the company has agreed to pay a monthly retainer of $4,000 to Source One. In addition, the company has granted incentive stock options to acquire up to 50,000 common shares of the company's capital stock, exercisable over five years, at a price of $0.15 per share. These options were included in the totals the company disclosed in its Jan. 31, 2006, news release and will be subject to the applicable conditions and trading restrictions required by the policies of the exchange.
UC Resources has made several significant corporate achievements of recent and is currently underway on Phase 2 of the Exploration Program on its 100% interest in the 19,269 hectare (192 sq km’s) historically productive gold and silver Copalquin Project. Copalquin, the company’s flagship property has returned both high-grade gold and silver results from recent drilling in Phase 1 exploration program in early 2005.
UC’s Copalquin mining District is located in the heart of Mexico’s prolific Sierra Madre Mining belt in the NW Durango State and is UC’s flagship property. It has returned both high-grade gold and silver results from recent drilling in Phase 1 exploration program in early 2005. Phase 2 of UC exploration program is currently underway and developments on the program will announced throughout the program.
UC is focus solely in Mexico and is actively searching for additional quality assets for UC to become a producing gold and silver exploration and development in Mexico in 2006.
On behalf of the Board of Directors,
Richard J. Hamelin, President/Director
For further information: William Elston, VP Corporate Development, Officer
#1000, 355 Burrard Street Vancouver, B.C. V6C2G8 Canada
Toll Free: 1-800-366-8566 (Canada & USA)
Website: www.ucresources.net
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company’s registered filings what are available at www.sedar.com.
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