USCorp Gold and Silver Junior Exploration Mining Company Update

USCorp (OTCBB:USCS), today released the following information for
shareholders and interested members of the public:

Last January, USCorp entered into discussions with a European entity,
and some progress was made regarding a private placement of our Common
Class B shares in Europe. USCorp was not able to release any information
publically or privately regarding this transaction due to the ongoing
nature of the discussions. The purchasing activity in Europe of our
Common Class B shares caused a spike up to 24 cents per share in March
of our Class A shares in the U.S. Ultimately, USCorp determined that the
European entity′s expectations and structure were not appropriate for
USCorp as a U.S. based fully reporting public corporation, leading to a
mutually agreed termination of contact.

Recently the Proprietary Information about USCorp and technical
information about our properties was moved to our web site and is now
available, upon request at uscorpnv.com.
This is the same body of information that was previously available on
the Sharevault web site. Access to the proprietary data is by invitation
only after signing a confidentiality agreement and it is password
protected. The information includes:

• 
  Feasibility Studies and Technical Reports for Twin Peaks in Arizona,
  USA and Picacho Salton in California, USA, Historical Assays, Drill
  Logs and other documents from the late 1800s through 2009
  
• 
  Maps and photographs of our properties
  
• 
  Corporate Information and SEC filings
  

This information is technical in nature; it is intended for mining
industry professionals and not the general public. Summaries and reports
based on the proprietary information are available to the general public
on our web site and in our filings with the Securities and Exchange
Commission.

Meanwhile, in California we are in the final stages of obtaining
approvals necessary to conduct our planned drilling program on our
Picacho Salton Project. The Bureau of Land Management (BLM) has
determined that all necessary studies and reports have been submitted
and are complete. USCorp has entered the final step before the BLM
grants approval of our Mining Plan of Operations for the Picacho site.

During the 30 day Comment Period, during which the public was offered an
opportunity to voice concerns, the Quechan Tribe of Fort Yuma did object
to our proposed drilling program in a letter dated 8 June 2010. The
California BLM is currently working with the Quechan Tribe to resolve
those objections. We have been assured by the BLM that resolution is
progressing, although when resolution will come is not known.

The following are excerpts from an email received by USCorp from the
California Desert District BLM Office:

USCorp expects the concerns of the Quechan Tribe to be addressed and
that approval of our California drilling program will attract the
financing necessary to allow USCorp to complete the planned drilling
program at the Picacho Salton Project in California.

In late 2008 USCorp completed the first two phases of our three phase
drilling program on our Twin Peaks Project in Arizona. At that time we
received a commitment for funding our 2009 operations, including
completing the Twin Peaks drilling program as well as the Picacho Salton
Project drilling program. Due to the world financial collapse in late
2008 our funding source was unable to meet its commitment to us. After
the financial collapse most of the acceptable funding sources dried up.
The third and final phase of the Twin Peaks drilling program is designed
to generate a report that meets industry reporting standards. Without
the third phase completed we cannot say much regarding the results of
the first two phases, except to release assays results as we have done
previously. And until we receive the results of the third phase of
drilling we cannot update our technical report and feasibility study
which were written before the current drilling program. All of our
current projections have been made without including the results from
the first two phases of the drilling program.

We continue to discuss financing options with individuals and entities
regarding financing, joint-ventures, acquisitions, and other potential
business combinations in order to complete our drilling program on our
Twin Peaks project in Arizona, as well as financing our Picacho Salton
project drilling program and continued development of our properties.
This month we began preliminary due diligence discussions for raising
the necessary financing in Europe.

Given the continuing demand for precious metals and cooperation with the
BLM in California and in Arizona, USCorp expects that these issues will
be resolved soon. We thank you for your trust in USCorp, and look
forward to completing our plan to take our properties to production.

About USCorp

USCorp has two mineral exploration projects in the United States: the
gold and silver Twin Peaks project located in Yavapai County, Arizona,
and the gold Picacho Salton project located in Imperial County,
California.

About Measurements

Technical Reports and Feasibility Studies on our projects are presented
in accordance with Canadian and internationally recognized standards.
The terms 'Mineral Resource,' 'Measured Mineral Resource,' 'Indicated
Mineral Resource' and 'Inferred Mineral Resource' are Canadian mining
terms and are not defined terms under standards of the United States
Securities and Exchange Commission (SEC). Under SEC standards,
mineralization may not be classified as a 'reserve' unless the
determination has been made that the mineralization could be
economically produced and permitted in order to be legally produced or
extracted at the time the reserve calculation is made. USCorp cautions
readers not to assume that all or any part of Measured, Indicated or
Inferred Resources will ever be converted into Mineral Reserves as
defined by the SEC.

Forward Looking Statements

Statements contained in this release that are not historical facts are
forward-looking and involve risks and uncertainties. See 'Risk Factors?
in the company′s filings with the U.S. Securities and Exchange
Commission. The actual results that the company achieves may differ
materially from any material forward-looking statements due to such
risks and uncertainties. The company undertakes no obligation to revise
or update publicly any forward-looking statements for any reason.

USCorp

Robert Dultz, Chairman and CEO

robert@uscorpnv.com

or

Martin
E. Janis & Company, Inc. Public Relations

Beverly Jedynak,
312-943-1123

bjedynak@janispr.com