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U.S. Gold Corp.

10:23 AM EST - U.S. Gold Corp. : Announced that its wholly-owned subsidiary, Gold King Corp., has received formal acceptance of the previously submitted reclamation bond, from the Director of the Wyoming Department of Environmental Quality. With this acceptance, two of the three conditions associated with the recently granted Surface Gold Mine Permit for the CK Gold Project have been met. In commenting on the acceptance, George Bee, President, CEO and Director of U.S. Gold said, "WDEQ's acceptance of the reclamation bond, along with the issuance of the Water Discharge Permit announced last week, satisfies two of the three conditions associated with the Mine Operating Permit, further cementing that major milestone, as U.S. Gold progresses along the pathway to development. The remaining condition, receipt of the Air Quality Permit, is anticipated shortly. We believe that the Air Quality Permit submission is technically complete having been through rigorous review. The application is with the WDEQ Air Quality Division following the remaining statutory steps prior to consideration for approval. We remain on track to receive unconditional approval of the Mine Operating Plan in hand, around mid-year, as per prior guidance." U.S. Gold Corp. shares N.USAU are trading off 1 cent at $5.96.

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