USCorp Discloses Additional Details of Proposed $125 Million Joint Venture

USCorp (OTCBB:USCS) today provided further details with regard to its
recently announced agreement to form a joint venture to fund up to $125
million to develop gold and silver properties.

USCorp has signed an agreement with a fully reporting public US company,
which is the holding company of a major Chinese-based conglomerate with
revenues in excess of $700 million (USD) annually, to form a joint
venture to complete exploration and begin development of USCorp′s mining
properties. The US company, holding Chinese assets, has requested
confidentiality until the joint venture is funded with an initial $25
million, which must take place on or before January 15, 2011.

The agreement calls for USCorp to contribute to the joint venture the
claims it presently owns in Arizona and California once the $25 million
has been received by the joint venture. It is the responsibility of the
US company, holding Chinese assets, to secure the $25 million in funding
for the joint venture. In the event that the necessary initial funding
is unable to be raised, the agreement provides that it can be cancelled
and neither USCorp nor the Chinese partner will be obligated to perform
under the Agreement. Each entity will own 50 percent of the joint
venture. Initially the joint venture is expected to carry out the
following:

• 
  Completion of the drilling program at Twin Peaks in Arizona
  
• 
  Initiating the drilling program at Picacho Salton in California
  
• 
  Updating the mineralization estimates in the Company′s Technical
  Reports
  
• 
  Completion of all engineering and permitting on the two projects
  
• 
  Retirement of all existing debt
  
• 
  Commencement of mining operations.
  

This newly-formed joint venture entity will seek to raise an additional
$100 million (USD) to expand its asset base but no assurance can be
given that either funding will be successful.

Upon the completion of the funding the claims will be transferred to the
joint venture and the joint venture is expected to complete the drilling
and development of the properties. Reports from previous drilling show
significant gold and silver mineralization on the properties. This joint
venture should enable completion of the drilling programs in Arizona and
California. USCorp′s Twin Peaks property in Yavapai County, Arizona is
near to, and on the same fault zone as the world famous Freeport-McMoRan
mine in Arizona. USCorp′s Picacho Salton Property, in California, is
adjacent to both NewGold′s open pit gold mine and the Goldcorp claims
group in Imperial County California.

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. Information about USCorp can be found at the company′s
website: http://uscorpnv.com.

About Measurements

Technical Reports and Feasibility Studies on USCorp 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 & Exchange Commission (SEC). Under SEC
standards, mineralization may not be classified as a 'reserve? unless
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.

SAFE HARBOR ACT DISCLAIMER NOTICE

'SAFE HARBOR′ STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995: The statements contained in this release which are not
historical facts are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those set forth in or implied by forward looking
statements. These risks and uncertainties include the Company′s entry
into new commercial businesses, the risk of obtaining financing,
recruiting and retaining qualified personnel, and other risks described
in the Company′s Securities and Exchange Commission filings. The forward
looking statements in this press release speak only as of the date
hereof, and the Company disclaims any obligation to provide updates,
revisions or amendments to any forward looking statement to reflect
changes in the Company′s expectations or future events.

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