LevelStock.com: U.S. Precious Metals, Inc. Announces Main Zone Expansion Drilling Assay Results

U.S. Precious Metals, Inc. (OTCBB: USPR) ("USPR" or the "Company") Chairman and Chief Executive officer, Michael Jack Kugler announced today that the Company has received final assay results on holes LS10-001 and LS10-002 at the La Sabila Project in southern MichoacAin. The Company has completed a total of 8 drill holes in the current drilling campaign and is in the process of drilling hole LS10-009. Initial review of drill holes LS10-003 through LS10-008 show consistent mineralized intercepts but we will have more detailed information once we have received assay results for those holes. We also found that, LS10-005 intercepted significant mineralization at 211 meters and 231 meters, deeper than previously observed.

Results from hole LS10-001 show significant intercepts beginning at 16.6 meters (54 feet) with a grade of 14.4 gpt (0.42 opt) gold, 72.7 gpt (2.1 opt) silver and 1.74% copper. Drill hole LS 10-001 intercepted a total of 10.7 meters (see the Table below for the mineralized intercepts) grading 1.52 gpt (0.044 opt) gold, 36.1 gpt (1.05 opt) silver and 0 .744% copper. Drill hole LS10-002 intercepted mineralized material at 2.1 meters (7 feet) with a grade of 29.46 gpt (0.859 opt) gold, 42.6 gpt (1.24 opt) silver and 0.482% copper. LS10-002 intercepted a total of 8.7 meters of 5.42 gpt (0.158 opt) gold, 15.9 gpt (0.46 opt) silver and 0.344% copper. Both holes were drilled in the same location south of the Main Zone and within east-west trending quartz sulfide veins. The detailed results are shown below.

Weighted Average Grades

--------------------------

Drill From to Interval Au Ag Cu

Hole (m) (m) (m) gpt gpt %

-------- -------- -------- -------- --------------------------

LS10-001 16.6 18.1 1.5 14.4 72.7 1.74

LS10-001 28.8 29.9 1.1 0.91 28.4 0.739

LS10-001 34.8 36.4 1.6 0.21 132.2 2.3

LS10-001 41.5 42.7 1.2 0.04 14.5 0.556

LS10-001 43.5 44.1 0.6 0.5 28.3 0.372

LS10-001 57.1 60.1 3 0.04 17.7 0.279

LS10-001 63.4 65.1 1.7 0.18 92 1.98

LS10-002 2.1 3.6 1.5 29.46 42.6 0.482

LS10-002 54.3 56.7 2.4 2.07 11.4 0.447

LS10-002 60.4 62.2 1.8 1.92 24.1 0.512

LS10-002 69.2 70.7 1.5 10.8 46 1.2

LS10-002 74.1 75.6 1.5 2.96 14.4 0.353

LS10-002 76.8 79.2 2.4 2.71 18.6 0.254

LS10-002 87.2 88.4 1.2 1.7 7 0.336

Mr. Kugler said, "We have completed 4,000 meters of the planned 2010 10,000 meter drilling program. With continued success of the drilling we plan to extend the drilling program into 2011 with another 10,000 meters."

The drilling company is maintaining a drilling rate of 75 meters per day while USPR has expanded its campaign to include the construction of new roads and drilling pads, maintenance of existing roads, and construction of new drill sites. USPR is also continuing surface exploration. Dave Burney, President and Chief Geologist of USPR states that the Company "has identified and is investigating additional significant exposed oxidized quartz sulfide veins. Some of these veins contain solid runs of high grade mineralization. This find is consistent with our belief that the property has excellent potential." Mr. Burney also stated that the Company is in the process of completing its laboratory, which will enable it to complete on-site assay work on exploration samples and move forward on metallurgical testing in the core lab. Our independent assayer, ALS Chemex, will continue to assay our core samples.

Mike Floersch is the qualified person as defined by National Instrument 43-101 and supervised the preparation of the technical information in this release.

About U.S. Precious Metals, Inc

USPR is a mineral exploration company headquartered in Lake Mary, Florida and operating in Mexico through its Mexican subsidiary, U.S. Precious Metals de Mexico, S.A. de C.V. USPR owns significant exploration and exploitation rights to approximately 37,000 acres of land in Michoacan, Mexico. USPR's common stock is quoted on the OTC Bulletin Board under the symbol "USPR."

Statements contained herein that are not based upon current or historical fact are forward-looking statements. Such forward-looking statements relate to future events and future operating results, performance, prospects and opportunities. The use of terms such as "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to USPR, or its management, identify forward-looking statements. These forward-looking statements are based on information currently available to USPR and USPR's current plans, intentions and expectations. Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause USPR 's actual results, performance, prospects and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in USPR 's Annual Report on Form 10-K for the fiscal year ended May 31, 2009, filed with the U.S. Securities and Exchange Commission on September 16, 2009. Except as required by the Federal securities law, USPR does not undertake any obligation to revise or update any forward-looking statements contained herein after the date hereof.

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