McEwen Inc. — Director's Dealing 2011

Jun 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: U S GOLD CORP (UXG)
CIK: 0000314203
Period of Report: 2011-06-06

Reporting Person: Spears Stefan (Vice President - Projects)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-06	Common Stock	M	10000	$0.91	Acquired	32000	Direct
2011-06-06	Common Stock	M	10000	$1.69	Acquired	42000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-06	Stock Option Right to Buy	$0.91	M	10000	Disposed	2019-01-07	Common Stock (10000)	Direct
2011-06-06	Stock Option Right to Buy	$1.69	M	10000	Disposed	2018-08-06	Common Stock (10000)	Direct

Footnotes

F1: The option vests one-third on January 7, 2010, one-third on January 7, 2011, and one-third on January 7, 2012, so long as the reporting person remains an employee or consultant of the issuer.

F2: The option vests one-third on August 6, 2009, one-third on August 6, 2010, and one-third on August 6, 2011, so long as the reporting person remains an employee or consultant of the issuer.