McEwen Inc. — Director's Dealing 2011

May 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: U S GOLD CORP (UXG)
CIK: 0000314203
Period of Report: 2011-05-19

Reporting Person: Ing Perry (Vice President, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-19	Common Stock, no par value	M	15000	$2.51	Acquired	45833	Direct
2011-05-19	Common Stock, no par value	S	15000	$6.55	Disposed	30833	Direct
2011-05-20	Common Stock, no par value	M	45000	$3.57	Acquired	75833	Direct
2011-05-20	Common Stock, no par value	S	59000	$6.67	Disposed	16833	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-19	Stock Option (Rt. to buy)	$2.51	M	15000	Disposed	2020-02-17	Common Stock (15000)	Direct
2011-05-20	Stock Option (Rt. To buy)	$3.57	M	45000	Disposed	2018-03-03	Common Stock (45000)	Direct

Footnotes

F1: The Stock Option is exercisable as follows: 30,000 options are exercisable on 2/17/2011, 30,000 options are exercisable on 2/17/2012, and 30,000 options are exercisable on 2/17/2013, so long as the Reporting Person remains an employee of or consultant to the Company.

F2: The Stock Option is exercisable as follows: 50,000 options are exercisable on 3/03/2009, 50,000 options are exercisable on 3/03/2010, and 50,000 options are exercisable on 3/03/2011, so long as the Reporting Person remains an employee of or consultant to the Company.