US Precious Metals, Inc. (OTCQB: USPR) is pleased to announce initial details regarding a new joint venture agreement with a South American Company to launch development plans for US Precious Metals’ Michoacan, Mexican project.

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The Joint Venture Agreement was entered into today, May 21, 2013, and the JV Company has agreed to contribute a significant amount of dollars to explore and develop 5,000 acres of our 37,000 acre Michoacan, Mexico property. Complete details regarding this joint venture agreement will be released Thursday morning by US Precious Metals, Inc. along with specific stages of development that is scheduled to commence immediately.