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Message #91
From: gapper2
Date: April 23, 2008 08:24:36 AM

news, new CEO Mr. michael Kugler

Press Release Source: U.S. Precious Metals, Inc.

U.S. Precious Metals Appoints New CEO/Director
Wednesday April 23, 8:00 am ET

CELEBRATION, Fla.--(BUSINESS WIRE)--U.S. Precious Metals, Inc. (USPR.OB OTCBB) today announced the appointment of Michael Jack Kugler as Chief Executive Officer and Director. Speaking on behalf of the Board of U.S. Precious Metals, Chairman Jack Wagenti stated, “Mr. Kugler brings over 50 years of financial administration and development experience to the Board.”

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Mr. Kugler has served as Executive Vice President and Director of Mirror Image Internet Inc. from October 2000 to his recent departure, where he was responsible for managing financial operations and investor relations for the company.

Prior to joining Mirror Image Internet Inc., since 1992, he was most recently Executive Vice President of the Government Securities Department at Daiwa Securities America Inc. From 1984 to 1992, he served as Executive Vice President and was a Member of the Board of Directors at Drexel Burnham Lambert Inc. and Chairman of Drexel Burnham Lambert Government Securities Inc. From 1977 to 1984 Mr. Kugler was Chairman of the government securities division of Merrill Lynch. Mr. Kugler also served as a General Partner in Fixed Income at Salomon Brothers for 20 years beginning 1957.

Mr. Kugler attended the Baruch School of Business at the City College of New York and received an Honorary Doctorate of Business Administration degree from Hawthorne College at Antrim, N.H. in 1980. He is a member of the Washington Quarterly Roundtable of the Center for Strategic and International Studies of Washington, D.C.

US Precious Metals, Inc. is a gold exploration company operating in Mexico through its wholly owned Mexican subsidiary, U.S. Precious Metals de Mexico. US Precious Metal’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 in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to U.S. Precious Metals, Inc., or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company'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 the Company's Registration Statement on Form SB-2, as amended, and its Annual Report on Form 10-KSB, as amended, for the year ended May 31, 2007. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect.


Contact:
U.S. Precious Metals, Inc.
Jack Kugler, CEO 407-566-9689
www.usprgold.com

Source: U.S. Precious Metals, Inc.


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