US Gold News Release

Argentina - Mexico - Nevada

A high growth, low cost mid-tier silver and gold producer in the Americas

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US Gold News Release

posted on Apr 10, 2009 04:24AM

April 9, 2009

US Gold News Release

TORONTO, ONTARIO--(Marketwire - April 9, 2009) - US GOLD CORPORATION (TSX:UXG)(NYSE Alternext US:UXG)(NYSE Amex:UXG.A)(FRANKFURT:US8) advises that certain disclosure in the Company's news release of February 12, 2009 which referenced previously published resource estimates disclosed contained ounces of gold for the Magistral Property and contained ounces of silver for the Palmarito Project, should have also included the figures for tonnage and grade for the various resource categories.

The information below sets out the resource data for the Magistral Property:

Tonnes                      Grade (gpt)       Category        Ounces (gold)
-------                     -----------       --------        -------------

6,924,000                         1.89        measured          420,000 oz

2,380,000                         1.58       indicated          121,000 oz
                                             ------------------------------
                                                Total:          541,000 oz


The information below sets out the resource data for the Palmarito Project:

Tonnes                      Grade (gpt)       Category        Ounces (gold)
-------                     -----------       --------        -------------

2,654,400                         70.2        measured        5,991,500 oz

1,102,800                         70.0       indicated        2,480,500 oz
                                             ------------------------------
                                                Total:        8,472,000 oz
                                             ------------------------------
1,591,100                         65.5       Inferred:        3,349,000 oz

The Company also clarifies that the investor presentation dated February 25, 2009 on its website referenced contained ounces for the Tonkin Project, the Gold Bar Project, the Palmarito Project and the Magistral Project that combined inferred resources with measured and indicated resources, which is not permitted under National Instrument 43-101. The Company has corrected this data.

Details of US Gold's NI 43-101 resource estimates can be found at www.usgold.com or www.sedar.com.

ABOUT US GOLD

US Gold Corporation is a United States based gold exploration company exploring in north-eastern Nevada and north-central Mexico. US Gold's shares trade on the NYSE Amex and Toronto Stock Exchanges under the symbol UXG and on the Frankfurt Exchange under the symbol US8.

QUALIFIED PERSON

This news release has been viewed and approved by Steve Brown, Chief Geologist, who is a Qualified Person as defined by National Instrument 43-101.

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