McEwen Inc. — Director's Dealing 2011

May 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: U S GOLD CORP (UXG)
CIK: 0000314203
Period of Report: 2011-05-02

Reporting Person: Ing Perry (Vice President, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-02	Common Stock, no par value	M	16667	$0.91	Acquired	30833	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-02	Stock Option (Rt. to buy)	$0.91	M	16667	Disposed	2019-01-07	Common Stock (16667)	Direct

Footnotes

F1: The Stock Option is exercisable as follows: 16,666 options are exercisable on 1/7/2010, 16,667 options are exercisable on 1/7/2011, and 16,667 options are exercisable on 1/7/2012, so long as the Reporting Person remains an employee of or consultant to the Company.