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United Resource Holdings Group, Inc. Acquires Pershing County Metal, Inc. and Dun Glen Mining Corp.

^{Published on 2011-05-11 18:40:26 - Market Wire}
 

RENO, Nev.--([ BUSINESS WIRE ])--United Resource Holdings Group, Inc. (OTCPK:URHG) announced today that it has acquired Pershing County Metal, Inc. (aPershinga) and Dun Glen Mining Corp. (aDun Glena), each to be held as a wholly owned subsidiary of URHG.

"Both acquisitions will allow URHG to begin our exploration and development initiatives in 2011 and URHG will continue to seek mineral exploration and development opportunities."

The acquisition of Pershing was made with URHG exchanging one million two hundred thousand (1,200,000) shares of URHG common stock for six hundred thousand (600,000) shares of Pershing common stock. Pershing is a Nevada corporation that holds mining equipment as its primary assets.

The acquisition of Dun Glen was made with URHG exchanging fifteen million (15,000,000) shares of URHG common stock for six hundred thousand (600,000) shares of Dun Glen common stock. Dun Glen is a Nevada corporation that holds mining equipment and leases on certain mining claims located in the Dun Glen Mining District.

URHG intends to announce a detailed 2011 exploration and development project plan for its recent acquisitions in the near term. URHGa™s CEO, Mark A. Kersey, stated, aBoth acquisitions will allow URHG to begin our exploration and development initiatives in 2011 and URHG will continue to seek mineral exploration and development opportunities.a

About United Resource Holdings Group, Inc.:

United Resource Holdings Group, Inc. is a U.S.-based exploration and development company, focused on the acquisition of mining equipment and the development of gold and other precious commodity projects that demonstrate a reasonable probability for near term production. The company is quoted on the OTCPK under the symbol aURHG.a

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the accomplishment of any of our plans listed for 2011 such as any acquisitions, geophysics, drilling programs or results from such programs, and the timelines within which such items may be accomplished, as referred to in this news release.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and that which is made publicly available by us from time to time.