On October 1, 2009, the Board of Directors (the "Board") of U.S. Precious Metals, Inc. ("USPR") elected David W. Burney as a member of the Board, effective immediately, filling an existing vacancy on the Board. Mr. Burney has been USPR's President since December 20, 2007.

Mr. Burney was a consulting geologist to USPR from August 2007 to December 2007. Between January 2007 and August 2007, he was USPR's Chief Operating Geologist. Mr. Burney holds a Master's Degree in Geology, Ore Deposits Exploration, from New Mexico Institute of Mining and Technology. Mr. Burney was an underground mine geologist for Amax Lead Company of Missouri, Buick Mine, and was later assigned to the mine's exploration group. During the 1990's, as adjunct faculty with Cochise College, Sierra Vista, AZ, Mr. Burney taught geology courses while continuing exploration for mineral resources in the southwest United States. In addition, Mr. Burney worked for U.S. Antimony Corporation, Thompson Falls, Montana and Kennecott Exploration, Tucson, Arizona. Mr. Burney is a member of the Society of Economic Geologist and the Mining and Metallurgical Society of America.

There are no arrangements or understandings between Mr. Burney and any other persons pursuant to which Mr. Burney was selected as a director. Mr. Burney has not been named, and at this time, not expected to be named, to any committee of the Board.

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. Burney had or will have a direct or indirect material interest.

Mr. Burney is not a party to, nor does he participate in, any material plan, contract or arrangement in connection with his election.

In connection with Mr. Burney's election, the Board approved a grant of 250,000 shares of common stock, par value $0.00001 (the "Common Stock"). This grant is in lieu of cash compensation for services to be rendered to the Company during calendar year 2009. The Company is currently scheduled to issue the shares of Common Stock sometime in the first calendar quarter of 2010.

The Board also approved a grant to M. Jack Kugler, Chief Executive Officer and Chairman of the Board, of stock options to purchase 3,000,000 shares of Common Stock for his services as the Chairman of the Board and Chief Executive Officer.

On October 8, 2009, USPR issued a press release in which it announced that David W. Burney was elected to the Board of USPR.

A copy of the Press Release, dated October 8, 2009, 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 October 8, 2009.