An anonymous director reports

USHA RESOURCES NON-BROKERED PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURES

Subject to the approval of the TSX Venture Exchange, Usha Resources Ltd. intends to complete a non-brokered private placement of up to $500,000 through the issuance of up to 500 unsecured convertible debentures.

Each debenture will have a principal amount of $1,000, have a one-year term and be convertible into common shares of the company on the maturity date at a conversion price of five cents per share. Additionally, the debentures will bear an interest rate of 5 per cent, payable semi-annually starting six months from the closing date of the private placement, payable in shares based on the 15-day VWAP (volume-weighted average price) of the shares or cash, at the company's election.

The proceeds from the private placement will be used for general working capital. The debentures will be subject to a four-month-and-one-day statutory hold period from the date of issuance, in accordance with applicable securities laws.

About Usha Resources Ltd.

Usha Resources is a North American mineral acquisition and exploration company focused on the development of quality critical metal properties that are drill ready with high upside and expansion potential. Based in Vancouver, B.C., Usha's portfolio of strategic properties provides target-rich diversification and includes Southern Arm, a copper-gold VMS (volanogenic massive sulphide) project in Quebec, Jackpot Lake, a lithium brine project in Nevada, and White Willow, a lithium pegmatite project in Ontario. Usha trades on the TSX-V under the symbol USHA, the OTCQB exchange under the symbol USHAF and the Frankfurt Stock Exchange under the symbol JO0.

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