1. U.S. Precious Metals, Inc. ('USPR'
) is a publicly traded company in the United States and subject to
regulation by the United States Securities and Exchange Commission (the 'SEC'
). U.S. reporting requirements
for disclosure of mineral properties are governed by SEC Industry Guide 7 ('Guide 7'
). Canadian and Guide 7
standards are substantially different. The SEC permits mining companies, in their filings with the SEC, to disclose
only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in
this website such as 'resources,' 'geologic resources,' 'measured,' 'indicated,' and 'inferred,' that the SEC
guidelines prohibit us from including in our filing with the SEC. U.S. investors are urged to consider closely the
disclosures in the Company's filings with the SEC located on the SEC's website at http://www.sec.gov/edgar.shtml