LAKE MARY, FL -- (Marketwire) -- 08/16/10 -- U.S. Precious Metals, Inc. (OTCBB: USPR) ("USPR") announced today that its Board of Directors had appointed Mr. Jack Wagenti as the Chairman of the Board, effective immediately. Also, the board has appointed board member and Acting Chief Executive Officer, Mr. Sheldon Baer to the Chief Operating Officer position. Mr. Baer's appointment to this newly created position leaves vacant the Chief Executive Officer position and the Board is considering industry qualified candidates to fill that vacancy. Mr. Wagenti had previously served as USPR's Chief Financial Officer, Chief Executive Officer and as a member of its Board of Directors until he retired in April 2008. Mr. Wagenti was instrumental in leading USPR's financing activities during its first exploration campaign in 2007-2008 and in spearheading initiatives that led the Company to increase shareholder value. Mr. Baer, a seasoned and well experienced Contractor, was instrumental in spearheading the 2007-2008 exploration campaign including hiring personnel, signing new leases for warehouse and laboratory facilities, contracting drillers and overall project development.

Mr. Dave Burney, President and Chief Geologist and Board member, said, "We are excited with these changes, as it brings people who had spearheaded a positive start for this company during 2007-2008. With these changes, the Board of Directors reassures the shareholders and potential investors its commitment to establish an organization that is conducive to executing the Company's goals and objectives in a focused and efficient way. We believe in the potential of our Mexican concessions and will make every attempt to ensure that this board and the management team are equipped with the best professional caliber to execute its plan and increase shareholder's value."

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 rights to approximately 37,000 acres of land in Michoacán, 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 and include statements regarding the potential of the Mexican concessions. 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, our ability to raise the funding necessary to retain the professionals necessary to execute our plan and the other factors, including risk factors, discussed in ours Annual Report on Form 10-K/A for the fiscal year ended May 31, 2009, filed with the U.S. Securities and Exchange Commission on September 16, 2009 as well as the quarterly 10-Q Reports filed during the last three quarters of fiscal year 2010. 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.