Dr. Richard Sutcliffe reports

URSA MAJOR ANNOUNCES THAT INSTITUTIONAL SHAREHOLDER SERVICES RECOMMENDS THAT SHAREHOLDERS VOTE FOR THE MANAGEMENT NOMINEES

Institutional Shareholder Services has recommended that shareholders of Ursa Major Minerals Inc. vote for the current board nominees at the upcoming annual and special meeting of shareholders to be held on June 23, 2011.

ISS is a leading independent international corporate governance analysis and proxy voting firm. Its recommendations assist shareholders to make decisions regarding proxy voting. In its analysis ISS stated: "The dissidents have not clearly established how they would ensure that changes are made, although they are keen to get Forbes & Manhattan in as an investor. We are not comfortable recommending a wholesale change of the board, which should be given the benefit of the doubt for some more time."

ISS also noted that Ursa Major's operating performance had turned around in the current year and that the dissidents had not provided any specific operating plan for Ursa Major.

"ISS's independent third party endorsement of the management nominees of Ursa Major underscores our belief that the board and management of the company is working in the best interests of all shareholders," stated Amar Bhalla, chairman, special committee.

"The dissidents have presented no operating plan for Ursa Major nor have they demonstrated their qualifications to serve as directors of our company," said Ursa Major chief executive officer, Richard Sutcliffe. Shareholders are reminded to vote their blue proxy for the management nominees before the proxy deadline of Tuesday, June 21, 2011, at 5 p.m. (Eastern Daylight Time).

Shareholders who require assistance voting their proxy should contact Kingsdale Shareholder Services Inc. at 1-866-851-2743.

We seek Safe Harbor.