U.S. Canadian Minerals, Inc. Closes Acquisition of Controlling Interest in Juina Mining.

Business Editors

LAS VEGAS--(BUSINESS WIRE)--April 1, 2004

U.S. Canadian Minerals, Inc. (OTCBB:UCAD) announced today that the company has closed its acquisition of controlling interest in Juina Mining Corporation.

Rendal Williams and Alejo Bermudz have been appointed the directors of Juina.

Juina Mining Corporation, a Nevada corporation, has a 49% interest in a joint venture partnership with DIAGEM International Resource Corp. (DGM) in the Brazilian company Juina Mining Mineracao, Ltd. (JMML) JMML holds an 86% working interest in the mining and mineral rights to approximately 1000 hectares (2,471 acres) of diamond bearing land in the District of Juina, Mato Grosso, Brazil -- the "Property 1000." Property 1000 is located in the District of Juina, at the southern region of the Amazon Basin.

Further details relative to this project, and other potential upcoming projects, will be forthcoming in future press releases, and in SEC filings issued by UCAD.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations 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.