LAS VEGAS, May 25 /PRNewswire-FirstCall/ -- St. George Metals
(Pink Sheets: SGGM), is pleased to announce that it has entered into a Letter
of Intent to acquire all of the uranium properties owned by Mineral Energy and
Technology Corporation ("MET").
    SGGM has agreed to purchase, and MET has agreed to sell, all its uranium
properties (as described in MET's recent Form 10-KSB).  These properties
consist of 33 unpatented lode mining claims in New Mexico, known as the Rio
Puerco uranium mine, 10 unpatented lode mining claims in Nevada, known as the
Apex uranium mine, and 29 unpatented lode mining claims in Nevada, known as
the Lowboy uranium mine, and any and all future uranium unpatented lode mine
claims MET may be successful in acquiring.
    William Haseltine, President of SGGM, stated, "This Letter of Intent with
Mineral Energy and Technology adds tremendous value to our shareholders.  We
are pleased to enter this due diligence period with MET, and hope to finalize
this deal within 45 days".
    Karl F. Meyers, President of MET, added, "We have been looking for the
right partner for our company and are pleased that we have a working partner
that can help us develop and produce this very lucrative uranium opportunity.
We have proven uranium reserves of over 7 million pounds.  Once produced,
these reserves will, at the current uranium spot price of US$29, have a market
value of approximately US$200,000,000."
    These uranium reserves are well documented, and have been reviewed by many
qualified individuals, including Mr. Samuel E. Sapper, MSC, DIC, a graduate of
the College of Science, University of Baghdad and the Royal School of Mines,
Imperial College of Science in London.  Mr. Sapper, a highly experienced and
qualified Geophysicists, has represented major companies such as Inco,
Falconbridge, and Geneva Pacific and has made significant mineral discoveries
worldwide.  He was one of the first geologists to report Kimberlitic Pipes in
the Northwest Territories of Canada.
    For more information on the Uranium Mining Claims please go to:  Form
10-KSB filed by Mineral Energy and Technology Corporation on December 7, 2004,
at http://www.sec.gov.

    Forward Looking Statements:
    Certain statements in this news release may contain "forward-looking"
information within the meaning of Rule 175 under the Securities Act of 1933
and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe
harbor created by those rules. All statements, other than statements of fact,
included in this release may include forward-looking statements that involve
risks and uncertainties. There can be no assurance that such statements will
be accurate and actual results and future events could differ materially from
those anticipated in such statements.

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