Gold Letter Alert

Here is a company we wrote up last year, but held off passing on to subscribers awaiting a significant event. Well, maybe that significant event has arrived. Read the 2 following press releases below.

”DENVER--(BUSINESS WIRE)--July 29, 2005--U.S. Gold Corporation (OTCBB: USGL) is pleased to announce that Rob McEwen has purchased by way of private placement with the Company, 11.1 million shares for $4,000,000 BECOMING THE COMPANY'S LARGEST SHAREHOLDER WITH 33.3% INTEREST. It is planned that Mr. McEwen will be assuming the role of Chairman and CEO shortly following the planned resignation of current management.”

"Rob McEwen is one of the noted visionaries and entrepreneurs in the gold-mining sector. As my brother David and I close out our last chapter in the U.S. Gold story, a company we founded 28 years ago, we are very pleased to be turning the next chapter over to Rob. Rob's vision for building U.S. Gold is exciting," said William Reid, U.S. Gold's outgoing President.”

“As part of the transition, four of the six current directors of U.S. Gold have agreed to resign from the board. Pending regulatory filings, the current board intends to replace the resigning members with nominees of Mr. McEwen.”

“Over the past twelve years, Mr. McEwen turned Goldcorp Inc. (NYSE: GG) (TSC: G) from an investment company with a market capitalization of $50 million into a mining company with a market value of $5.4 billion today. He has been honored with such awards as the Northern Miners Man of the Year Award, Ernst & Young's Ontario Entrepreneur of the Year Award in the Energy Category, PDAC's Developer of the Year, and under his leadership, Goldcorp was named one of Fast Companies 50 Companies of Innovation and Business Week's selection as one of the 50 most innovative companies on the web.”

"U.S. Gold's Tonkin Springs property is exciting. Its 36-square-mile property position, strategically located on the Cortez Gold trend in Nevada, is in the heart of a promising exploration play. Tonkin Springs has an existing gold resource of 1.4 million ounces within the upper 250 feet over a relatively small area of the property. The exploration potential of this property has increased over the past few years as Placer Dome, which adjoins our property to the north, has continued to discover several multi-million ounce gold deposits, some of which have reached to a depth of 2,000 feet. Tonkin Springs is a great asset, and I INTEND TO AGGRESSIVELY EXPLORE THIS INTERESTING PROPERTY," SAID ROB MCEWEN, U.S. Gold's incoming Chairman and CEO.”

And the 2nd press release below also read.

“NovaGold Purchases Shares of U.S. Gold Corporation
29 July 2005 – Vancouver, NovaGold Resources Inc. (AMEX, TSX: Symbol NG) NOVAGOLD IS PLEASED TO ANNOUNCE THAT IT HAS PURCHASED 5,374,544 COMMON SHARES OF U.S. GOLD CORPORATION FOR US$2,687,272. U.S. Gold is a Colorado corporation with its shares trading on the OTC BB under the symbol “USGL”. U.S. Gold has mineral property interests in the United States and Mexico.”

Now we have no inside information about why US Gold has just been taken over by Goldcorp so this is pure speculation. But we do know that Goldcorp has just sunk 4 million dollars to take a controlling interest in this company & their property. And we know that Nova Gold has just sunk - at precisely the same moment - over 2.5 million dollars.

Never forget that mines are MADE. And we are confident that the land area has excellent potential so we are going to call this a very worth while speculation.

"Once-in-a-lifetime" opportunities are out there. We're already building a portfolio of them at Gold Letter, Inc. Again, it is predicted that 2007 will be the year the gold bull begins in earnest.

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I encourage you to JOIN US today

David Vaughn
Publisher & Editor, Gold Letter Alert

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David N. Vaughn Gold Letter, Inc. David4054@charter.net | Disclaimer

Steve Todoruk, P.Geo.
Global Resource Investments Ltd.
Investment Executive
stodoruk@gril.net
(800) 477-7853

© Gold Letter, Inc. All rights reserved. The material presented above is based on information and sources believed to be reliable but its accuracy or completeness cannot be guaranteed. Gold Letter, Inc accepts or assumes no liability for the foregoing material. There can be no assurances of the company reaching sales forecasts or projections as outlined in this report. Gold Letter, Inc. has relied on management for information and data presented in this report and has not verified its accuracy. The analysis contained herein does not purport to be a complete study of the featured company and any views expressed are as of the date hereof and are subject to change without notice. This report is for information only and is not intended as an offer or solicitation with respect to the purchase or sale of any security, nor should any information or opinions expressed in this report be construed as investment advice. Companies mentioned herein may carry a high investment risk; and readers should carefully review the companies thoroughly with their registered investment advisor or registered stockbroker.