U.S. Global Investors Updates FY10 Earnings Outlook

U.S. Global Investors, Inc.

today reported that earnings for the fiscal year ended June 30, 2010 improved more than 300 percent from the same period a year earlier. The company has scheduled a webcast for 10 a.m. Central time on Friday, September 10, 2010, to discuss the company's key financial results for the fiscal year and for the fourth quarter. Frank Holmes, Chief Executive Officer and Chief Investment Officer, will be accompanied on the webcast by Susan McGee, President and General Counsel, and Catherine Rademacher, Chief Financial Officer. For fiscal year 2010, U.S. Global reported net income of $5.35 million, or 35 cents per diluted share, on revenue of $35.03 million. This compares to a net loss of $2.24 million, or 15 cents per diluted share, on revenue of $23.14 million in fiscal year 2009.