On December 23, 2008, the Board of Directors of U.S. Precious Metals, Inc. ("USPR") announced the appointment of Jesus Oliveras as Secretary and Treasurer of USPR to serve until his successor is duly appointed. Mr. Oliveras (age 49) has been USPR's Chief Financial Officer since April 25, 2008.

Mr. Oliveras was also the Chief Financial Officer for International Power Group, Ltd. (OTC BB: IPWG.OB) ("IPWG") from July 1, 2007 until December 3, 2008. Prior to that he was the Controller for IPWG since September 7, 2007. Mr. Oliveras has also held positions of Director of Operations and Adjunct Professor for Ana G. Mendez University System from February 2005 until December 2006, Utilities Accountant for Orange County Utilities from November 2004 until February 2005, and a Loan Officer for Centex Mortgage Company from March 2003 until November 2004.

Mr. Oliveras attended the Wayne Huizenga School of Business and Entrepreneurship and Nova Southeastern University where he received his Masters in International Business Administration. Mr. Oliveras also attended the Inter American University where he received his Bachelor of Business Administration, Accounting & Finance.

There are no family relationships between Mr. Oliveras and any other executive officers or directors of USPR. There have been no transactions since the beginning of USPR's last fiscal year, or any currently proposed transaction, in which USPR was or is to be a participant, in which the amount involved exceeds $120,000 and in which Mr. Oliveras had or will have a direct or indirect material interest.

USPR has not executed a formal employment contract with Mr. Oliveras. At this time, it has been agreed that he will not receive a salary for his services as Secretary and Treasurer.

On December 29, 2008, USPR issued a press release in which it announced that Jesus Oliveras was appointed as Secretary and Treasurer of USPR.

A copy of the Press Release, dated December 29, 2008, is attached to this Form 8-K as Exhibit 99.1. Such press release is incorporated by reference into this Form 8-K in its entirety.

Item 9.01

(d)   Exhibits


             Exhibit Number   Description
             --------------   ---------------------------------------

                  99.1        Press Release, dated December 29, 2008.