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To: ms.smartest.person who wrote (1551)	10/7/2006 12:54:24 PM
From: ms.smartest.person	Respond to of 3198

2005/09/27 - U.S. Energy Corp. ANNOUNCES SALE OF ECUADORIAN MINERAL CLAIMS BY SUTTER GOLD RIVERTON, Wyoming (September 27, 2005) – U.S. Energy Corp. (USE) (NASDAQ: (Small Cap) “U.S. Energy Corp. ) announced today that Sutter Gold Mining Inc. (TSX-VX: SGM) announced that it has entered into a letter agreement with Dynasty Metals & Mining Inc. (“Dynasty”; TSX-V: DMM) to sell Sutter’s three concessions located in the Portovelo region of southern Ecuador to Dynasty. These concessions were held by Globemin Resources prior to its reverse acquisition by Sutter. Dynasty is a Canadian based exploration company focused on gold exploration and development in southern Ecuador. Dynasty, through its indirect wholly owned subsidiary Elipe S.A., owns a 100% interest in three gold projects in Ecuador including a project comprising 41 concessions in the Portovelo region of Southern Ecuador (the “Zaruma Project”). Given that Sutter’s Ecuador properties border Dynasty’s Zaruma project and that Dynasty has an experienced exploration team in Ecuador lead by its president Robert Washer, the two companies agreed that the sale of the these concessions to Dynasty was the best way to advance exploration on the properties. Sutter can now focus its efforts on the Sutter Gold project in California. Sutter has agreed to sell to Dynasty 100% of all right, title and interest in and to the three concessions free and clear of all encumbrances for 30,000 common shares of Dynasty. Dynasty will also be responsible for making all necessary payments to bring the properties into good standing. Sutter will retain a 2% NSR royalty on the properties, 50% of which Dynasty may purchase at any time from Sutter for $500,000. Sutter has retained a right of first refusal to re- acquire the properties from Dynasty in the event Dynasty elects to abandon them. The agreement is subject to TSX Venture Exchange approval. Mr. Hal Herron, Sutter's CEO said, "The sale of the Company's Ecuador gold properties allows management to concentrate on moving the Sutter Project in California forward. The Dynasty group is an aggressive, focused and well managed gold company in Ecuador. We are pleased to work with them as they expand their gold resources to include the Company’s Ecuador properties." About Sutter Gold Mine The Sutter Gold project is situated on a contiguous 535-acre block of mining claims 45 miles east-southeast of Sacramento, California, in the central part of the 121-mile-long Mother Lode gold belt. The Sutter Gold project has been the subject of considerable modern exploration activity, most of it centering on the Lincoln and Comet zones, which are adjacent to each other and together referred to as the Lincoln project. A total of 85,085 feet of drilling have been accomplished in 190 diamond drill holes, and modern underground development consists of a 2,850-foot declined ramp with 2,400 feet of crosscuts plus four raises. U. S. Energy Corp. owns approximately 65% of the outstanding shares in SGM. For additional information on Sutter Gold, please visit www.SutterGoldMining.com. For U. S. Energy Corp., please visit: www.usnrg.com usnrg.com ECUADORMINING