U.S. Gold Corp. Issues Letter to ShareholdersOutlining Recent and Expected Milestones

Source:  U.S. Gold Corporation 5/8/19

U.S. Gold Corp. (NASDAQ: USAU) today announced that it hasissued a letter to its shareholders outlining the Company's recent and expected milestones, as it continues toadvance its Copper King and Keystone assets. As U.S. Gold Corp. lays the groundwork for future success,highlights of the Company's recent initiatives include: 

Key Achievements:

• Regained full compliance with NASDAQ listing requirements, as USAU share price has traded above the $1.00 mark for the required time period
• Recently appointed The Honorable Ryan K. Zinke to the Board of Directors
• Competed district-wide geochemical surveys on the Keystone project
• Engaged Datamine for a new Copper King exploration model
• Completed a Fall 2018 Keystone targeted drill program
• Sponsored and published an exhaustive academic study on Keystone
• Received approval of the Keystone Environmental Assessment and Plan of Operations

U.S. Gold Corp. Chairman, President and CEO Edward Karr stated, "We at U.S. Gold Corp. are extremely optimisticabout the Company's prospects. We know it has been a challenging time for many investors in the junior explorationsector, including our shareholders, but U.S. Gold Corp. believes in gold as a long-term asset and investment. Thepotential rewards of gold exploration can be substantial if a discovery is found, and our entire highly experiencedteam is working diligently to achieve exploration success.

To read the Letter to Shareholders in full, please visit:  www.usgoldcorp.gold/May2019Shareholderletter

About U.S. Gold Corp.U.S. Gold Corp. is a publicly traded U.S.-focused gold exploration company. U.S. Gold Corp. has a portfolio ofexploration properties. Copper King is located in Southeast Wyoming and has a Preliminary Economic Assessment(PEA) technical report, which was completed by Mine Development Associates. Keystone is an exploration propertyon the Cortez Trend in Nevada. For more information about U.S. Gold Corp., please visit www.usgoldcorp.gold.