U.S. Precious Metals Inc. Engages New York Based Investment Bankers DME Securities

LITHIA, Fla.--(BUSINESS WIRE)--U.S. Precious Metals, Inc. (OTCBB: USPR.OB), announced that it has retained the investment banking firm DME Securities LLC (“DME”) a New York based investment bank and broker dealer, to provide a broad range of investment banking, strategic and financial advisory services.

“The engagement of DME represents an important step in the continued execution of our business initiatives going forward. We are pleased to have partnered with DME and are confident in their ability to assist us in executing on strategic alternatives designed to help us maximize our Company's potential value.”

Dave Burney, President of U.S. Precious Metals, Inc., stated, "The engagement of DME represents an important step in the continued execution of our business initiatives going forward. We are pleased to have partnered with DME and are confident in their ability to assist us in executing on strategic alternatives designed to help us maximize our Company's potential value.”

“Over the past 2 years we have conducted additional drilling on the La Sabila property (Solidaridad 1) and have announced the drilling assay results, and more recently we have had an independent 43-101 report completed, all of which we believe shows significant value in the property. As we consider all of our options, it is clear that we will need an investment bank with the expertise and experience to support our ongoing strategic needs. We are pleased that DME has joined us as a partner to assist us in achieving our goals. We believe the La Sabila property is ready to enter the next stage of its development. By hiring DME, we can explore the various options to move forward,” commented Shelly Baer, Chief Operating Officer of U.S. Precious Metals.

"We are very excited to have the opportunity to work with U.S. Precious Metals management and Board of Directors to provide strategy advice and financial advisory services as they move forward with the development of the La Sabila property. My team and I have conducted the initial stages of due diligence on the La Sabila property and we feel very confident that the opportunities, including but not limited to a possible joint venture and/or sale of a portion or the entire property can be attained in a relatively short period of time," said David Elias, CEO of DME Securities.

About DME Securities LLC

DME Securities is a member firm of the NYSE, FINRA and a licensed broker-dealer. DME provides publicly trading companies with a full suite of investment banking services, including capital raises and mergers and acquisitions. DME Securities operates a full trading and brokerage operation on the floor of the New York Stock Exchange. Clients include some of the largest hedge funds, investment banks, pension and retirement funds and brokerage firms in the world.

About U.S. Precious Metals Inc.

USPR is a precious metal exploration company headquartered in Lithia, Florida and operates in Mexico through its Mexican subsidiary, U.S. Precious Metals de Mexico, S.A. de C.V. USPR owns significant exploration and exploitation rights to approximately 37,300 acres of land in the State Michoacan, Mexico. USPR's common stock is quoted on the OTC Bulletin Board under the symbol "USPR."

For more Information about U.S. Precious Metals, Inc. please visit: www.USPRGOLD.com.
The 43-101 report is available online at: http://www.usprgold.com/pdfs/2011_05_17_43-101Final.pdf or contact Andrew Barwicki at 516-662-9461 / [e-mail].

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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 . 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.