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United Mining Group Announces Grant of Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 03/10/11) - United Mining Group, Inc. (TSX:UMG - News)(Pinksheets:UMGZF - News)(Frankfurt:UM8 - News) (the "Company") announces the grant of 1.1 million options to directors, officers, employees and consultants exercisable at a price of $1.05, per share for a period of five years.About United Mining GroupUnited Mining Group is a vertically integrated mining company with operations in Idaho, USA. The Company is currently earning, through development and operations, an 80% interest in the Crescent Silver Mine project in Idaho's prolific Silver Belt - directly between two of the world's historically largest silver producing properties, the Sunshine and Bunker Hill mines. The Crescent Mine has historically produced 25 million ounces of silver at an average grade of 27.3 opt (SRK Consulting 43-101 report, March 1, 2010). The Company also offers a full suite of mining services including contract mining and mine machine repair and fabrication services to silver miners in the district. UMG is committed to building a senior silver-producing mining company based on aggressive exploration and development of the highly-prospective current land position at the Crescent Silver Mine project and through the acquisition of additional precious metals interests. The Company trades on the Toronto Stock Exchange under the symbol "UMG".For more information about the Company, please visit: www.unitedmininggroup.comOn Behalf of the Board of DirectorsCharles Picher, Chief Executive OfficerThe TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.