U.S. Precious Metals Adds New Member to Board of Directors.LITHIA lith·i·a n. See lithium oxide. [New Latin, from lithion, from Greek, diminutive of lithos, stone.] , Fla. -- U.S. Precious Metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : USPR USPR Unidirectional Path Switched Ring (SONET) ) today announced the election of Brian Russell to the company's Board of Directors. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Peter Toscano, Chairman of U.S. Precious Metals, "Mr. Russell brings extensive expertise in the field of geology and chemistry and will be instrumental in finding a Joint Venture partner for our gold, silver and copper properties in Mexico." Mr. Russell qualifies as an independent director as defined under the Sarbanes Oxley Act of 2002. Mr. Russell, graduated from the University of Witwatersrand in 1951 with degrees in geology and chemistry. He worked for nineteen years with the Council for Mineral Technology (MINTEK) in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. doing analytical research, established an X-Ray Fluorescence X-ray fluorescence (XRF) is the emission of characteristic "secondary" (or fluorescent) X-rays from a material that has been excited by bombarding with high-energy X-rays or gamma rays. Section and directed the Development Metallurgical Process Technology. While at MINTEK he presented and published many scientific papers and supervised several masters and doctorate degrees. In 1974 he was appointed Director of the South African Minerals Bureau and represented South Africa on the International Standards Organization See ISO. Committee for the standardization of Ferro alloys and received an award for meritorious service from the American Institute for Mining, Metallurgical and Petroleum Engineers. Mr. Russell is presently a Director of American International Ventures, Inc., a company trading on the Over the Counter Bulletin Board. About U.S. Precious Metals, Inc: U.S. Precious Metals, Inc. (USPR) is a gold exploration company operating in Mexico. On March 13, 2003, the Company acquired Solidaridad I (175 hectares), also received on March 27, 2003, the exploration concession from the Mexican government for Solidaridad II (2,164 hectares). On July 22, 2003, the Company acquired the exploration concession for Solidaridad III, (294 hectares) and Solidaridad IV (149 hectares). On May 25, 2004, the company received the exploration concession from the Mexican government for Solidaridad V (La Ceiba 921 hectares). In the month of February 2006 USPR's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. U.S. Precious Metals de Mexico claimed a gold mine Concession Lot named "La Sabila"(surface of 12,987 hectare) that surrounds Solidaridad in order to protect the future exploration and exploitation of the Solidaridad gold mines. This now brings the total to 16,690 hectares. One hectare equals 2.47 acres. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Act Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward- looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. |
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