US Gold Completes Three Takeover Bids

On March 23, 2007, US Gold Corporation successfully completed simultaneous takeover bids for three gold exploration companies, Nevada Pacific Gold Ltd., Toné Resources Limited and White Knight Resources Ltd. Each of the target companies is based in Vancouver and listed on the TSX Venture Exchange. The total consideration for the three transactions was approximately US$160 million. US Gold, which is based in Denver and Toronto and listed on the TSX and AMEX, is a gold exploration company with one of the largest holdings of gold exploration claims in the Cortez Trend in Nevada.

US Gold was represented in Canada by Fraser Milner Casgrain LLP with a team led by Michael Melanson, which included Ralph Shay, Brian Carr, Gary Sollis, Colleen Cebuliak, Christopher Steeves, Catherine Pham, Kim Willey and Chantal Da Silva. In the US, US Gold was represented by Dufford & Brown, PC with a team led by David Babiarz, which included Jessica Browne, and by Hogan & Hartson LLP with a team led by George Hagerty, which included Dan Davidson, Christopher Walsh, Michael Hammell, Tara Dunn and Seth Belzley.

Nevada Pacific was represented by Koffman Kalef LLP with a team that included Bernard Poznanski, Wendy Lee, Calvin Leong and David Pedlow. Toné Resources was represented by Davis LLP with a team that included Campbell Fitch and Alan Monk. White Knight was represented by Farris, Vaughan, Wills & Murphy LLP with a team that included Cameron Belsher, Ronald Murray, Catherine Anderson and Robert (Bo) Rothstein.