UNITED DEVELOPMENT INTERNATIONAL CORP. ( PINK SHEETS: UDVE)

United Development International Corp., ("UDI RESOURCES" "UDI") operates a resource operation in the country of Guyana, and another in Canada. UDI currently has offices, or affiliate offices, in South America and Canada. The corporate and legal office for the company is located in the state of Nevada.  As a resource producer, UDI benefits from the properties and contract relationships under its management that primarily mine gold and natural minerals. UDI has a strong market presence in the countries that it operates, including alliances with local companies.  The ongoing gold exploration and initial gold extraction and production business that is at the core of UDI's business model is concentrated on developing two very distinct gold properties in the Western Hemisphere.

**Breaking News** FROM UDI RESOURCES

Press Release 
Source: United Development International 
Monday December 8, 9:08 am ET 
 

LAS VEGAS--(BUSINESS WIRE)--Dec. 8, 2003 -- United Development International (Pink Sheets:UDVE - News) announces today its exclusive negotiations and first right of refusal to purchase the Mazaruni Mining Project, 15 claims on the Mazaruni River with explored gold, diamond and heavy mineral resources in excess of 1,000,000,000USD, currently owned by Tiboku Mining Overseas, Inc. 

United Development International president Robert Doherty stated, "We expect to finalize successful negotiations on this spectacular property in the next 90 days with the intent of starting up initial mining operations within a further 90 days. We look forward to creating a tremendous alliance with Tiboku Mining Overseas, Inc. plus adding benefit to United Development International and especially its shareholders." 

About the Company 

United Development International has developed a business plan that will include up to 30 dredges to continue to recover gold and diamonds from reserves on its 24.9 mile property on the Konawaruk River and its 10 mile property on the Mazaruni River in Guyana as well as initiate diamond buying/selling from our secure office in Georgetown, Guyana and continue to explore potential opportunities such as its property in the La Ronge Gold Belt in Northern Saskatchewan, Canada. 

For more information please go to www.udiresources.com to view our website and gain more insight into United Development International and its gold and diamond projects. 

United Development International is quoted on NQB Pink sheets as "UDVE". 

CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice. 

Contact: 

United Development International
Robert Doherty, 250-319-3442
rdoherty@udiresources.com

Working Dredges On The River

River Bank Drilling, Lode Nuggets, Assay Filings and Smelted Gold

MANAGEMENT

Mr. Doherty is a proud citizen of the "Commonwealth of Canada". Mr. Doherty received his Bachelor of Arts degree in 1990 from the University of Saskatchewan and went on to receive a Bachelor of Education degree from the University of British Columbia in 1994. Throughout his career, Mr. Doherty has forged sound business practices, understanding of Exchange rules and regulations, and has developed strong leadership skills. 

Mr. Knudsen is a Canadian citizen and currently resides in British Columbia. In 1988 he enrolled in, and graduated from, a Saskatchewan prospectors course.  He has been involved in working in and around numerous mines throughout Northern Saskatchewan. He was involved in building the road and site work at Contact Lake Gold Mine, Star Lake Gold Mine, McClean Lake Uranium Mine. He was also involved with the winter road into the now McCarthur River Uranium Mine. 
 

SELECTED FINANCIAL HIGHLIGHTS

For a current quote on UDI shares, click on the pink sheets logo above or click here

CONTACT

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