UC Resources Provides Information Update

UC Resources Ltd. ("UC" or the "Company") (TSX VENTURE:UC) is pleased to provide
this information update to its shareholders, stakeholders and interested
parties.


On November 10th, 2011, UC Resources announced that it had entered into a
definitive agreement (the "Purchase Agreement") with Freewest Resources Inc.
("Freewest"), a wholly owned subsidiary of Cliffs Natural Resources Inc.
(NYSE:CLF)(PARIS:CLF) ("Cliffs"), for Freewest to acquire 100% of the UC owned
55% Joint Venture Interest in the McFaulds Lake area property (the "Joint
Venture Interest"), subject to and in accordance with the Joint Venture
Agreement dated as of July 26, 2011 (the "Joint Venture Agreement") between KWG
Resources Inc. ("KWG"), Spider Resources Inc. (now named Cliffs Chromite Far
North Inc.), a wholly owned subsidiary of Cliffs ("Spider"), and UC. 


Within the definitive agreement, the purchase price payable to UC by Freewest is
$6,000,000 CDN ($6 Million), payable by deposit of $850,000 on the signing date
followed by the balance on the closing date. 


On November 11th, 2011, UC received notice from Cliffs Chromite Far North Inc.
of an election to exercise their pre-emptive right in accordance with the Joint
Venture Agreement under the same terms as the definitive purchase agreement. 


On November 14th, 2011, KWG issued a press release that they were "analyzing the
matter carefully". As of today's date KWG has not made their intention known,
but in accordance with the Joint Venture agreement, has 45 days from receipt of
the notice of November 10th, 2011 to participate in the pre-emptive right,
proportionally to its present interest in the joint venture. 


UC Resources has received conditional approval on the definitive purchase
agreement from the TSX venture exchange on November 28th, 2011. UC Resources is
awaiting the final outcome subject to the pre-emptive rights and following that,
the subjects of acceptance and approval of the TSX Venture Exchange on the final
ownership of the Joint Venture Interest.


Assuming successful close of all conditions of the sale of McFaulds Lake, the
company will be enabled to press forward to its major resource area of Mexico
where the majority of its assets exist, with a high level of focus and begin to
leverage its projects in Mexico for the benefit of shareholders. 


La Yesca:

The La Yesca tailings mill runs 24/7 and the company came very close to having
the ability to be able to claim commercial production, but then ran into
equipment, temporary power grid and flooding issues and other ongoing plant flow
issues. These issues have been addressed ongoing, but will be addressed
substantially through the injection of capital required to augment the flow
process at the mill to a more final production solution in the first quarter of
2012. Following this period, the goal of the company is to operate the mill at a
consistent run rate of 200+ Tonnes per day, which will result in the type of
long term revenue run rates that will assist the company in achieving a number
of goals in a number of areas. 


Xora:

The Xora claim is within approximately 1 Kilometre of the La Yesca mill and is a
significant exploration asset with an inferred mineral resource of 11,730 tonnes
grading 0.70 g/t gold and 619 g/t silver. Within the Xora claim is the La
Colorado mine, a past producing gold and silver mine, tonnage mined is unknown.
Lower grade gold and silver found immediately east of the La Colorada mine
opening suggests that a zone of bulk mineable material may exist on the
property, within which there may be additional high grade mineralization similar
to the La Colorada vein. Mapping and sampling of the Xora claim will commence in
the first quarter of 2012 followed by drilling of the more interesting areas
based on the new sampling, mapping, and previous ground IP geophysics. Assuming
grades of success for silver and gold would allow for the expansion and
extension of materials supplied to the La Yesca production mill site. 


La Pinta: (Newly Acquired Property)

The La Pinta claims were issued to UC Resources on April 20, 2011 by the
Secretary General of Mining in Mexico and consist of three land packages
totalling approximately 64 hectares. This land package is again within 1
Kilometre of the La Yesca mill. It is a virgin land package which will also be
mapped and sampled prior to drilling. As with the XORA claim the Pinta claim
could provide fresh mill feed to the La Yesca Mill.


Mar: 

In May 2006, we followed up the Minera Silver Creek agreement by adding the
acquisition of the MAR Project, consisting of a property concession amounting to
approximately 10 square kilometers. The property has a history of small scale
mining activity and is easy to access and develop. The property is approximately
one hour away from Guadalajara and has access from major roadways with excellent
access. 


The Mar concession has substantial merit as a potential setting for epithermal
gold-silver deposits. Supporting evidence includes the following: 




--  The property is underlain by favourable Cretaceous-Tertiary andesite-
    rhyolite volcanic stratigraphy. These rocks are host to numerous small
    to large gold-silver deposits throughout the Sierra Madre Occidental
    physiographic province of Mexico.  
--  Major structural features (faults and lineaments) have been mapped in
    the region and in the vicinity of the Mar concession. Some of these
    features appear to be related to magnetic anomalies which may represent
    Tertiary age plutons intruded into the volcanic sequence. If so, then in
    addition to the mappable features, the intrusion of the pluton would
    have caused micro-fracturing of the volcanic rocks which would act as
    channel ways for mineralizing fluids. One such magnetic anomaly lies
    just to the east of the Mar concession.  
--  At least a portion of a past producing mine, Piedra Bola, lies within
    the concession boundaries. The style of the occurrence - veins and vein
    stockworks, the precious metals, base metals and trace metals present,
    and the associated silica, sericite, hematite and argillite alteration,
    all are consistent with the model for an epithermal precious metal
    deposit.  
--  There are several other known mineral silver - gold occurrences in the
    immediate area of the Mar concession, several of which were past
    producing mines. Silver appears to be equally important as gold. These
    mineral occurrences are hosted within the Cretaceous to Tertiary age
    andesite-rhyolite volcanic rock sequence.  
--  Work by Consejo suggests that other mineralized vein structures may
    exist within the vicinity of the main Piedra Bola vein. In addition,
    assays for 7 of 8 samples collected were on average 0.133 g/t Au and
    26.5 g/t Ag). 



Copalquin: 

The Copalquin property is a historically productive 7,000 hectare land package
located in the North Western state of Durango in Mexico. Previous drill programs
at the Copalquin Project have confirmed potentially economic mineralization at
three main target areas, Cometa, Refugio and La Soledad. All of the mineralized
zones that have been tested are open at depth and along strike and clearly
warrant additional drill testing. 


It is important to note that in addition to the zones that have been tested,
available data suggests that the extent of the epithermal system at Copalquin
may be much larger than has previously been recognized. 


The company plans to resume a more detailed exploration program after successful
commercial production at La Yesca.


It should be noted that recent historical reported results include 5.2 metres of
mineralization averaging 45 g/tonne gold and 1,563 g/tonne silver during the
Phase II drill program in 2006. Drilling clearly showed that alteration and
silicification associated with the epithermal system is pervasive and extensive.
UC historical results also included 50 ounces/tonne silver and 1.4 ounces/tonne
gold over 5 metre intersection at La Soledad.


In 2007, UC intersected 2.45 meters averaging 1.52 ounces per tonne gold and
112.1 ounces per tonne silver at La Soledad. 


Acquisitions:

With the focus on Mexico and the current condition of the economy the company
believes that excellent project/property opportunities will arise. We are
currently evaluating new projects. UC Resources will have sufficient capital
reserves to be able to selectively choose those opportunities that will best
suit the company and its plan to acquiring near term production assets. 


The Annual General Meeting of shareholders of UC Resources is to be held at the
10th Floor - 595 Howe Street, on December 15, 2011 at 10:00 AM (Pacific Time).
Gary Monaghan and Jim Voisin will be in attendance and available to answer any
questions of shareholders and plans for 2012. 


UC Resources is an active explorer and producer of precious metals in Mexico.

On behalf of the Board of Directors,

Gary Monaghan, CEO

We seek safe harbour.

Investors are invited to visit the UC Resources IR Hub at
http://www.agoracom.com/ir/UCResources where they can post questions and receive
answers or review questions and answers already posted by other investors.
Alternatively, investors are able to e-mail all questions and correspondence to
[e-mail] where they can also request to be added to the investor e-mail
list to receive all future press releases and updates in real time.


This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the terms of the
Purchase Agreement and other future plans, objectives or expectations of the
Company are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's plans or expectations include
risks relating to general economic, market or business conditions, regulatory
changes, timeliness of government or regulatory approvals and other risks
detailed herein and from time to time in the filings made by the Company with
securities regulators. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.