Gold Investing

Avino Silver & Gold Mines Ltd. ASM

Avino's news release dated for the 2011 outlook and it's recent sampling release explain why I bought this company years ago and held on to it. The resources just at the Gonzalos Mine area alone make this company a real winner. The Gonzalos Mine will be going back into full production after upgrades in both the mine and the milling operation and exploration of it further at the precise time when silver will be making it's real major advance in price. Avino has many years of reserves on location at the Gonzalos Mine in ground and a large tailings resource just waiting for processing that Wardrop Engineering concluded the oxide tailings held a silver and gold resource with an implied value of US43.7 million and estimated net revenue of $31.4 million. These values were calculated using a silver price of US$8.00 per ounce for silver and $500 per ounce for gold, so today's values will be a lot higher(do the math). This company has it all and has weathered the manipulated collapse of both silver and gold prices in previous years by wisely using their time and resources to prepare for this great bull market in the precious metals in the post manipulation period when the true value of the metals will shine through. When full production begins the stock price on this company will come out of the stocks like a race horse and make even it's recent run look small. Four important factors about Avino will make this company one of the great pure silver producers and big stock price appreciation companies of the junior producers in the next few years.

(1) The company has just been upgraded to the NYSE which in itself is a major event for a company of Avino's size: Avino Silver & Gold Mines Ltd. (the "Company" or "Avino") is pleased to announce that its common shares have been authorized for listing on the New York Stock Exchange Amex ("NYSE Amex"). The Company expects the shares to begin trading on the NYSE Amex on Tuesday, August 2, 2011 under the trading symbol "ASM". The Company will retain its primary listing on the TSX Venture Exchange under the same trading symbol "ASM".
"Avino's increased exposure from this upcoming NYSE Amex listing will bring additional value to Avino's broadening shareholder base and we look forward to introducing Avino to a wider audience of investors as our Company profile expands," said David Wolfin, President of the Company.
Founded in 1968, Avino's mission is to create shareholder value through profitable organic growth at the historic Avino property near Durango, Mexico. We are committed to managing all business activities in an environmentally responsible and cost-effective manner, while contributing to the well-being of the community in which we operate.
Our primary goal is to become a multi-million ounce-per-year silver producer. Our specific objectives are to achieve full time commercial production as soon as possible, expand resources, reserves and the mines output as well as to identify, explore and develop new targets on the property.
For further information contact us at ir@avino.com or visit our website at
www.avino.com.
(2) Avino has only Shares Issued: 26,157,227 Shares Issued and 32,973,227 Fully Diluted which makes it an exraordinary company for such current asset base and life time of the company. Someone is obviously doing something right here which brings into account point 3.

(3) Avino's management team have to be a well diverse and far seeing group to pull off what they have done. Their closing operations down to refit and upgrades the total operation when silver prices plunged a couple years ago shows real leadership and their method of exploration of the San Gonzalos mine area as they put it back into production shows their under standing of the assets in ground. Their expansion out also into other regions of the world where it is politically stable and resources rich shows real leadership and an eye to the future.

(4) The San Gonzalos Mine area goes over 4 centuries of production and the resources there have not even been scratched yet. The San Gonzalos mine area combined with all the other prospects the company has makes Avino a major player for many years to come.

Avino Provides Year End Summary and Outlook for 2011
2010-12-23 08:00 ET - News Release
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 12/23/10
Avino Silver & Gold Mines Ltd. (TSX VENTURE: ASM)(OTCBB: ASGMF)(BERLIN: GV6)(FRANKFURT: GV6) -
Dear Shareholder,
I am pleased to present a review of Avino's achievements in 2010 and outlook for 2011. With precious metals prices at all times highs and continuing to climb, we are working aggressively to bring the San Gonzalo property into production and capitalize on the opportunities presented by the current markets.
Management remains focused on the following key objectives:
1. Complete the San Gonzalo bulk sample program
2. Continue developing the San Gonzalo resource
3. Resume production as quickly as possible
4. Expand resources, reserves and the mines output
5. Identify and explore new targets on Avino's property

The Avino mine was once described by Spaniards as "a mountain of silver." The mine first opened in the 1500s and reportedly supplied considerable wealth to Spain for hundreds of years. It has operated intermittently ever since, including for 27 years under Avino Silver & Gold Mines beginning in 1974. During the three decades that the mine was in production under Avino, silver grades averaged from 3 to 7 ounces per ton with more than 16 Moz of silver, 96,000 oz of gold and 24Mlb of copper produced through both open pit and underground mining. The mine shut down in 2001 due to low silver prices and closure of a key smelter. As metals prices are once again favorable, Avino is working to re-open the mine through exploration and development of high potential zones close in proximity to its 1250 tpd mill.

San Gonzalo zone
The San Gonzalo zone is located 2 km from the original Avino mine and beneath the shallow workings of an old mine from the colonial period. In 2007-08 Avino conducted a 42-hole, 9,204 meter drill program that produced very encouraging results, including 3908 g/t silver and 13.71 g/t gold over 1.45m. In late 2008, Orequest Consultants completed an NI 43-101 resource calculation for San Gonzalo, and estimated the zone contained 4.75 million ounces of silver and 37,300 ounces of gold.

Avino Vein and the Elena Tolosa Zone
The Avino vein served as Avino's primary source of ore during the 27 years of production. The vein is 1.6km long and 60M wide on the surface and has yet to be mined at depth. To date, the deepest level mined was at the 2,070m level (330m below surface). Currently, the company is exploring an area of the Avino Vein called the Elena Tolosa or ET zone that has a target potential of 2Mt with grades historically averaging over 100 g/t silver.

Tailings Resource
We continue to explore options for exploiting the mine's large tailings resource. This asset includes both oxide and sulphide tailings, with each requiring separate treatment methods. In a 2006 study, Wardrop Engineering concluded the oxide tailings held a silver and gold resource with an implied value of US43.7 million and estimated net revenue of $31.4 million. These values were calculated using a silver price of US$8.00 per ounce for silver and $500 per ounce for gold, so today's values will likely be higher. However, our priority at this time is to take a more long-term perspective by first expanding reserves and re-opening the mine.  
The company has just completed it's modernization and capacity increase of the milling operation for the mine.

Avino is exploring five high-quality mineral projects in Canada and Mexico. Other than the Avino mine, which is owned 99.28%, all the company's properties are owned 100%. In Mexico, Avino has over 30 years of operating history and long-standing business relationships

Location: Bralorne region, SW British Columbia
Minerals:Gold, silver, zinc
Ownership:100%
Status:Exploration - diamond drilling

Recent History
Avino has held the Minto Property since 1985, when the company conducted geological, geochemical and geophysical surveys as well as trenching. A number of targets were identified, and these were investigated with trenching in 1987. Due to low gold prices, subsequent work was limited until 2006-2007.

Early History
Minto Gold Mines Ltd. mined the property for gold, copper and lead between 1934 and 1940. Historic production was reported as 17,558 ounces of gold (0.20 opt Au recovered grade), 21,327 lbs. of copper and 124,421 lbs. of lead.

Location: Yukon Territory, Canada
Minerals: Silver, Gold, Indium
Ownership: 100%
Status: Exploration

Located in the Keno Hill mining camp north of Whitehorse, the Eagle Property continues to offer exciting potential. In 2009, through an option agreement with Avino, Mega Silver Inc. drilled six holes over 1900 meters. The program successfully identified strong silver, gold, enriched zinc and lead mineralization hosted in the Eagle vein fault (0.3g/t Au, 284.3 g/t Ag, 3.16%Pb, 7.11% Zn. over 1.3m)

The work also established that the rare earth metal indium, used in plasma screens, is present in significant concentrations of up to 285.4 g/t indium (In) over 1.8m. Despite the strong results, Mega Silver returned the property to Avino so it could focus on its Red Lake project in Ontario. Avino is excited about future exploration at the Eagle property, as more work is needed to fully expose the potential for both silver and indium.

The property has produced very high assays for silver since exploration first occurred there in the 1950s. In 1950-51, the vein was exposed by bulldozer trenching. In 1963-64, Jersey Consolidated Mines Ltd. exposed over 120 metres of the vein. An 11.6 metre section, based on 9 chip samples at 1-to-2 metre intervals, reportedly averaged 442.3 g/t silver, 6.5% lead and 3.9% zinc across an average width of 0.46 metres (including a 1.2 metre section averaging 1,570.3 g/t silver across 0.55 metres; cited by: Archer, 1979).

Part of the Historic Keno Hill Mining Camp
The Keno Hill mining camp is one of Canada's most productive for silver, lead and zinc. Between 1920 and 1988, the total reported production was 4,787,423 tonnes with recovered grades of 1.3 kg/t silver, 5.6% lead and 3.1% zinc. Subsequent exploration in the district has led to the discovery of additional large mineral deposits which may become productive in the near future

Parallel to Structures of the Historic Hector-Calumet Mine
The Eagle Vein is located roughly 1.5 kilometres south of, and parallel to, the vein structures of the Hector-Calumet Mine, which generated almost half of all metal produced in the Keno Hill camp from 1935 to 1972. The Eagle vein varies from 0.6 to 4.9 metres in width with mineralized lenses of silver-rich galena, sphalerite and tetrahedrite in a siderite, pyrite and quartz gangue.

Location: Bralorne Region, British Columbia
Area: 662 hectares (1600 acres)
Minerals:Silver, gold
Ownership:100%
Status:Phase II exploration: diamond drilling
Technical Report (PDF. 25 Kb)

The Olympic-Kelvin Property is located on the south side of Carpenter Lake, five kilometres northeast of Goldbridge in the Lillooet Mining Division, British Columbia. The property is easily accessible by all-weather, publicly-maintained roads.

Testing Two Prospective Zones
Drilling began on the Olympic-Kelvin property in January 2004, following up on work completed in 1988 that outlined two prospective areas for gold and silver: Margarita and Enigma. Three diamond drill holes, totaling 480 metres, are planned to test the Margarita Zone, while one diamond drill hole will test the Enigma Zone.

Location:Southern British Columbia, Canada
Area:10 sq. km
Minerals:Silver, gold
Ownership:100%
Status:Phase I exploration: geochemical, sampling proposed
Technical Report (PDF. 26 Kb)

Prospecting on the very large Aumax Property since 1999 has resulted in high-grade silver and gold assays in soil, rock and trench samples. Silver values have ranged as high as 18 oz/ton with gold assays up to .30 oz/ton.

With the probable opening of the nearby Bralorne gold mine in 2004, the possibility exists for custom milling of any ore discovered on the Aumax property.

Proposed Mapping and Soil Sampling
Geological studies conducted late in 2002 concluded that the discoveries to date lie downslope of the mineral source. A subsequent report recommended a Phase 1 program of more prospecting, geological mapping and additional soil sampling to determine the source of the mineralization. Based on the results of this program, Phase 2 exploration would include trenching and possible diamond drilling.

AMERIX PRECIOUS METAL APMFF

Amerix Precious Metals Corporation, based in Toronto, Canada, is a mineral exploration and development company, that is focused on gold projects in the Tapajos Region in Brazil. The Company is currently carrying out an exploration program on its 100%-owned Limão gold property where a high-grade gold deposit has been established at a historical past-producing open pit. The Company recently sold its interest in the Ouro Roxo project to a Brazil consortium but retains a 2.5% Gross Royalty on gold production from the project, with production expected to commence by Q3/2010.The Company expects to receive 18,750 oz of gold(2.5% royalty of 750,000 told oz), from the Ouro Roxo project over the next 12 to 15 years. This should yield about $3,125,000 per year with an average gold price of $2000 per oz. The first payment is expected as soon as the project commences production and reach fully production payment in the 3-4th year.

The Limão Project is located in the central-northeast portion of the Tapajós Gold Province approximately 180 kilometres south of the city of Itaituba (pop. 70,000) and 30 kilometres east-north-east of the oldest and most important prospecting community in the region Cuiu-Cuiu. Access to the property is exclusively by air from Itaituba. The Limão property has great potential to become a significant gold project with high-grade historic intercepts, including 47 g/t gold over 13 metres. Early in 2010, the Company announced the review of a confirmation of high-grade gold potential on the Limão property. The confirmation was rendered by an independent geologist – Clinton Davis. Mr. Davis confirmed the historical data taken from eleven samples on Limão, indicating 2.37 grams per tonne gold to 106.6 per tonne gold. The average grade of the samples was 38.5 grams per tonne gold (1.22 oz per tonne gold). Historical drill results in the 1990s identified two high-grade bedrock intercepts, 13 m @ 47 g/t gold; and 6.8 m @ 18.7 g/t gold. Mineralization at the Limão project is similar to that of Malartic and McDermott Gold deposits in Quebec; West Timmins in Ontario; the
Cripple Creek project in Colorado; and Rattlesnake Hills in Wyoming. Successful development of this project will significantly change its intrinsic value, which should have a beneficial effect on the Company’s stock price. The Limão and Ouro Roxo projects are located in the mining-friendly Tapajos Region of Brazil, which is one of the largest under-developed alluvial gold areas in the world. The region is estimated to have produced between 20 and 30 million oz of gold over the past 20 years.

Management has demonstrated the ability to survive the credit-constrained period when low commodity prices and the weak global economy drove investors’ interest away from risky assets, especially high-risk junior mining companies. Management also possesses expertise in resource exploration and development and the ability to develop a long-term relationship with the partners like the Brazilian consortium who are financially stronger to take on the development of the Ouro Roxo project. Going forward, it is expected that Amerix will continue to seek a strategic partnership to develop the Limão property. With only 45,493,434 Common Shares outstanding As at May 31, 2011 and a low financial burn rate of about $43,000 per month (slightly more for future Ouro Roxo development) and the cash flow from the Limão Project for the next 12-15 years the company is in good shape to further expand at the beginning of this massive gold bull market. With it's current dirt cheap price, it is a juniors that has the potential to be a largwe percentage gainer with little effort and at this current low price it has no down side risk.

Initial Technical Report filed for Limao Gold Property, Tapajos District, Brazil

05/20/2011 [ACCESSWIRE]

Amerix Precious Metals Corporation (APM: TSXV) (“Amerix” or the “Company”) is pleased to announce that it has filed a National Instrument 43-101 (“NI 43-101”) Technical Report for its Limao Gold Property, located in the Tapajos gold district, Para State, in Central Brazil. The report was prepared by Mr. Clinton Davis, P. Geo., who is a “qualified person” under the definition of NI 43-101. The Limao Gold Property is at an early stage of exploration, with no estimate of resources. A copy of the Technical Report can be found at SEDAR and on the Company’s website at http://www.amerixcorp.com/reports_and_presentations.php.  

 

Amerix owns a 100% interest in the 12,730 hectare Limao Gold Property located along the “Tocantizinho gold trend” that also hosts Eldorado Gold Corporation’s Tocantinzinho gold deposit and Magellan Minerals Ltd.’s Cuiu Cuiu and Coringa projects. The Company’s geological crew is completing detailed geochemical sampling along grids that fill-in geochemical survey work from the previous year that outlined several anomalous gold targets. In addition, geologists are sampling historic pits and current-day shallow shafts that occur at the property. Amerix expects to continue its 2011 work program to define priority drill targets at the Limao Gold Property.  

 

Jeff Reeder, P. Geo., Chairman of Amerix, is a Qualified Person as defined in National Policy 43-101, and is responsible for all technical information contained in this news release.

Caledonia Mining CALVF

I have watched this company for years and have always been amazed the tenacity of the management in dealing with the politics of what ever dictator is running the country it has operations out of. Their stand against the Zimbabwe government along with the other mining companies freed them from the grips of confiscation by the government of gold mined. Africa and it's dictators will in the next few years learn from this and when that happens there will be fortunes made on the continent by the small mining companies like Caledonia that have stayed the course and expanded under difficult conditions. Caledonia is an exploration, development and mining corporation focused on Africa. The Corporation’s primary assets are a gold operation in Zimbabwe, a base metals exploration project in Zambia (Nama), platinum group and base metals (PGE) projects in South Africa (Rooipoort/Mapochs) and a non-producing gold mine in South Africa (Eersteling) which has been identified for possible disposal. Caledonia also has diamond projects in Zambia and South Africa. Now that Blanket has been returned to a production level of approximately 550 tonnes per day (“tpd”) the focus is now on completing the No. 4 Shaft Expansion Project to achieve the planned 40,000 ounces of gold production per annum. In addition to the No. 4 Shaft Expansion Project, judicious expenditure on the essential sustaining capital expenditure will continue to progressively remedy the lack of investment over the last few years due to foreign currency shortages. Activity at Nama and Rooipoort/Mapochs properties will be determined by available cash resources.

Provided a satisfactory investment climate is created in Zimbabwe and the Zimbabwean indigenization requirements and obligations are finally clarified and economically viable, Caledonia intends to make the significant capital investments in Blanket, which are required to sustain gold production at 40,000 ounces per annum. At the Nama base metals exploration project in Zambia, the ongoing field work supports their current understanding of the geological structure and the possible continuation into the Nama Project area of the Copperbelt style mineralization that exists on neighboring properties. Tenders have been called for an initial multi-hole, deep-level diamond drilling program to explore for Copperbelt style mineralization. This program is expected to commence in 2011 as soon as the ground conditions permit after the rainy season. Discussions with the South African Department of Mineral Resources continue regarding the extension of the period of the exploration plan previously submitted in respect of the Company’s exploration projects at Rooipoort and Mapochsgronde.”

Financial highlights for the Quarter and the nine months ended September 30.

For the quarter ended September 30, 2010 Caledonia generated revenue of $6.331 million from the sale of 4,934 ounces of gold at an average sale price of US$1,241 per ounce and a cash cost of US$651 per ounce, realizing a gross profit of $2.878 million and a net profit of $1.647 million. Commenting on the quarter’s performance, Stefan Hayden, President and CEO said: “I am pleased to report that gold production at the Blanket mine was 45% higher than in the previous quarter. This was an outstanding and highly commendable performance by the Blanket and Caledonia management teams. This increase in production was also due to the implementation of a revised mine plan, improved recoveries from the

metallurgical plant and the installation of the first standby generator in late June. The generator has allowed underground operations to continue during interruptions to the normal electricity supply.

Blanket’s cash costs decreased significantly from US$816 per ounce in the second quarter to US$651 per ounce in the third quarter. We expect that Blanket’s cash costs will continue to decrease as production increases to an annualized level of approximately 40,000 ounces of gold per annum by the end of 2010, following the commissioning of the No. 4 Shaft Expansion Project at the end of third quarter.

Caledonia will be big in Africa within 5 years and at it's current depressed price it is a bargain that will make you rich in the future. Their management as stated above is the key along with their diverse asset base that will make this a company you wished you would have bought at these very low prices.

CANALASKA URANIUM LTD. CVVUF

CanAlaska Uranium Ltd. is undertaking uranium exploration in twenty-one uranium projects across 4,000 sq. miles of territory in Canada’s prolific Athabasca Basin - home to the world’s richest uranium deposits and supplier of 25% of its uranium known as the "Saudi Arabia of Uranium". Since September 2004, the Company has aggressively acquired one of the largest land positions in the region, comprising over 2,500,000 acres (approx. 10,000 sq. km or 4,000 sq. miles). To-date, CanAlaska has expended over Cdn$70 million exploring its properties and has delineated multiple uranium targets.

CanAlaska's geological expertise and high exploration profile has attracted the attention of major international strategic partners. Among others, Japanese conglomerate Mitsubishi Corporation is a 50% joint venture partner in the West McArthur Project and has provided the Company with over Cdn$12.5 mil. in exploration funding. Exploration of CanAlaska's Cree East Project is also progressing under a Cdn$19 mil. joint venture with a consortium of Korean companies led by Hanwha Corp., and comprising Korea Electric Power Corp., Korea Resources Corp. and SK Energy Co., Ltd. Exploration commenced in 2009 with Chinese mining partner East Resources Inc. on the Poplar Project, comprising a potential 100,000 metres of drill testing. Canadian explorer Kodiak Exploration has recently optioned the Company's McTavish Project to advance exploration with the goal of attaining a 60% project interest earn-in by delineating a minimum of 35 million pounds U₃O₈. CanAlaska has also pioneered collaboration in uranium exploration with Canada's native First Nations. At its Fond Du Lac Project, the Company is a 50% partner with the Fond Du Lac Denesuline First Nation, undertaking exploration on the community's Reserve Lands where the Company believes there exists significant potential to increase the size of an existing 1 million pound historical uranium resource. .

CONCLUSION: Canada indisputably has the richest Uranium deposits in the world and CanAlaska has been quietly laying claims to a large part of it. This company will be the best pick of the junior Canadian companies once Uranium takes off again in price and that is not far off. With the current price for oil at $92 per barrel and coal shortages world wide the eyes of industry will again be looking at Uranium. The earth quake and tsunami that cause the melt down of the nuclear reactors in Japan has put a real hurting on the uranium junior companies out of pure fear. In this fear comes opportunities for investors of experience that step in and buy up shares of companies like CanAlaska.

Favorable fundamentals support aggressive uranium exploration

Led by power-hungry countries such as China and India, the number of nuclear power plants worldwide is expected to increase from 436 units today to over 550 within the next two decades. As the world’s existing sources of mined uranium supply presently meets only 2/3 of outstanding demand, significant new sources of uranium need to be discovered to fill this growing deficit. Correspondingly, the long-term price of uranium has increased from US$9 per pound in 2003 to approx. US$60 per pound present-day.

Company Highlights

�� The Athabasca Basin contains the world’s most potent supply of uranium The large high-grade uranium deposits in the Athabasca Basin produce the richest uranium mines in the world. The Cigar Lake and McArthur River mines of Cameco and AREVA each hold resources exceeding 200 million pounds, grading between 17-25% U3O8 (uranium oxide). These deposits possess gross realizable values in excess of $20 billion. Uranium ore mined from McArthur River or Cigar Lake is worth in excess of $30,000 per tonne as compared with approx. $25 - $150 per tonne from other major uranium production regions around the world. CanAlaska has positioned itself well for the discovery of one or more of these “mega” uranium deposits.

�� Aggressive Exploration CanAlaska’s exploration team comprises seasoned geologists and geophysicists with considerable uranium exploration experience. It is headed by Mr. Peter Dasler, P.Geo., President, and Dr. Karl Schimann, P.Geo., V.P. Exploration. Dr. Schimann spent 20 years with uranium-giant Cogema/AREVA, where he participated as a member of the exploration team that discovered and developed the giant Cigar Lake uranium mine. CanAlaska ranks among the most active uranium exploration companies operating in the Athabasca Basin. Since 2004, CanAlaska has expended over Cdn$70 million in the exploration of its projects and is poised for discovery success.

�� Global Strategic Partnerships Led by Mr. Emil Fung, V.P. Corp. Development, CanAlaska has built long-term relationships with international strategic partners to provide exploration funding. Japan’s Mitsubishi Corporation has funded C$12.5 million towards exploration on the West McArthur Project as a 50% joint venture partner. Similarly, a Korean consortium led by Hanwha, and comprising KEPCO, KORES and SK Energy, has invested C$14.3 mil. in the Cree East Project under a C$19 mil. option to earn a 50% ownership interest. Canadian miner Kodiak Exploration is working on the Company’s McTavish Project under a C$4 mil option to earn a 50% interest. As a result of these global funding partnerships, the Company is able to maintain an aggressive exploration profile despite the depressed state of the global financial markets.

CONCLUSION: Canada indisputably has the richest Uranium deposits in the world and CanAlaska has been quietly laying claims to a large part of it. This company will be the best pick of the junior Canadian companies once Uranium takes off again in price and that is not far off. With the current price for oil at $92 per barrel and coal shortages world wide the eyes of industry will again be looking at Uranium. This stock will be the best percentage gainer of all the juniors.

CANARC RESOURCE CRCUF

Canarc's effort is to be a producer on the short term and with both the Tay LP gold property in south-central Yukon and the 1.1 million oz, high grade, underground, New Polaris gold mine project in north-western British Columbia as future developments. Canarc's management is expanding their options now as either a producer that will stay independent or as a take over by a larger company. With Barrick Gold Corp. as a shareholder in Canarc and the coming year funding in place for 2011 and an expanding asset base in projects, Canarc stands as a good buy out target for a major company like Barrick. The buying out of junior companies like Canarc by the big producers that are hungry for resource base replacement will increase into a frenzy in the next two years until it ends in a bidding war for the junior exploration companies. With this in mind you can be sure that Canarc will be a prime target and that it's share price will reflect this. Canarc needs to hold out as long as possible to bid up it's share price before a buy out offer is made which will give the best share swap ratio with the new big company stock that current share holders will get. It is possible that Carnac will keep forming joint ventures with smaller companies but I expect that the frenzy for resource asset base will mushroom and Canarc will be capture by a large company like Barrick which will be a major plus for the current stock holders of Canarc.

Canarc Resource Corp. is a growth-oriented, gold exploration company listed on the TSX (CCM) and the OTC-BB (CRCUF). Canarc is currently focused on exploring its recently acquired Tay LP gold property in south-central Yukon and seeking a partner to advance its 1.1 million oz, high grade, underground, New Polaris gold mine project in north-western British Columbia to the feasibility stage. In the third quarter of 2010, Cap-Ex Ventures Ltd. (TSX-V: CEV), ("Cap-Ex") who have an option on Canarc's Tay-LP property in the Yukon completed a 470 kilometer, helicopter-borne, VTEM geophysical survey over the Tay-LP gold property. Upon receipt of the geophysical data and interpretive maps from the geophysical contractor, Cap-Ex will prioritize the most favourable targets for follow-up in 2011 with more detailed ground geophysics, geological mapping and diamond drilling.

Canarc's management continues to seek strategic alternatives such as a joint venture or other means to advance the New Polaris high grade gold project to mine development and a full feasibility study. The New Polaris project is situated in northwestern British Columbia, 100 km south of Atlin, B.C., and 60 km east of Juneau, Alaska consists of 100% interest in 61 crown granted mineral claims and 1 modified grid claim totaling 2,956 acres. Historically, the Polaris Mine operated at a rate of 200 tons per day. Ore was crushed through primary and secondary crushers, and ground in a ball mill. A standard flotation circuit was used to concentrate the ore prior to being shipped off site. Historical gold recoveries averaged 90% and concentrate grades ranged from 3.5 - 5.0 oz per ton gold. New Polaris lay dormant for 30 years until exploration resumed in 1988. Canarc acquired New Polaris in 1992 and since has drilled 241 holes totaling 64,000 m of core, outlining significant new ore below and beyond the old mine workings. Canarc constructed a new office complex at the New Polaris mine site and the camp is now capable of supporting 35 people. Several existing buildings have been refurbished and serve as both sleeping quarters and the kitchen facility. The machine shop has also been maintained as a maintenance facility. In recent weeks, Canarc has initiated discussions with a number of interested parties regarding a possible strategic or financial partnership to advance the New Polaris gold mine project through a mine development and feasibility program to a production decision.

On Feb. 2, 2011 Canarc announced that it has commissioned an updated NI 43-101 preliminary economic assessment report ("PEA") for the New Polaris gold mine project in northwestern British Columbia.The updated study will be done by Moose Mountain Technical Services (Moose Mountain") who completed the previous PEA studies for Canarc to build an 80,000 oz per year gold mine at New Polaris. The revised PEA will review capital and operating cost estimates and examine the effects of higher gold prices and lower cutoff grades on gold production, mine-life and project economics compared to the previous PEA report dated December 23, 2009.The previous study, based on a gold price of $US900 per oz, $CA/$US exchange rate of 0.95 and cash costs of US$383 per oz, resulted in a discounted (5%) after-tax Net Present Value ("NPV") of CA$68.6 million with an after-tax Internal Rate of Return ("IRR") of 25.8% and a 2.7 year pay-back period. The year-old study also included an after-tax cash-flow sensitivity analysis that, based on a US$1100 gold price and all other factors held constant, resulted in a discounted (5%) after-tax Net Present Value ("NPV") of CA$130 million.The lead Qualified Person ("QP") for Moose Mountain pursuant to NI 43-101 for both the previous and proposed preliminary economic assessment reports is Jim Gray, P. Eng.

INVESTOR INFORMATION

Stock Exchange	TSX: CCM, OTC:BB: CRCUF, Frankfurt: CAN
Shares Issued	90.4 million
Closely Held	20.0 million
Warrants and Options	16.6 million
Fully Diluted	107.0 million
Share Price	CA $0.15 – 0.17

GOLD PROJECTS

New Polaris – Canarc’s core asset is the 100% owned, past-producing, high-grade New Polaris gold mine project located in north-western British Columbia. Based on an updated NI 43-101 resource estimate using a 6 gpt gold cutoff grade, the property currently contains measured and indicated resources of 519,000 oz gold contained in 1,288,000 tonnes grading 12.5 gpt gold and inferred resources totaling 636,000 oz gold contained in 1,628,000 tonnes grading 12.2 gpt gold, still open for expansion in other veins and at depth. Drill results from the 2006 exploration program include 44.7 gpt over 6.2 m (1.30 opt over 20.3 ft) and 23.1 gpt over 16.5 m (0.67 opt over 54.1 ft).

Using base case parameters of a US$1200 gold price, 1.00 $CA/$US exchange rate, US$100 million capital costs and US$481 per oz cash cost, the preliminary economic assessment generates a pre-tax undiscounted life-of-mine cash flow totaling CA$280.8 million with a 38.1% IRR and a 2.4 year pay-back period. Discounted at 5%, the after-tax Net Present Value (“NPV”) is CA$68.6 million with an after-tax IRR of 25.8% and a 2.7 year pay-back period. Canarc is now seeking a partner to complete pre-production mine development, pursue a feasibility study, government permitting, and project construction to achieve production within three years.

Tay-LP – Canarc holds an option to purchase a 100% interest in the Tay-LP gold property, well located within the Tintina Gold Belt in south-central Yukon where several exciting new gold discoveries have recently been made.  The Tay–LP property consists of 413 claims covering a 20 km-long by 4 km-wide belt of gold prospects (8,000 hectares) on which several million dollars have been spent on exploration since 1984.  The property enjoys good road access, favourable gold geology, multiple exploration targets, historic drill intercepts and strong potential to expand the known gold zones and make new gold discoveries. 

Canarc’s 2009 drill program successfully extended the gold mineralization along strike and/or down dip from three areas with previous drill intercepts on the property. Drilling highlights include 3.6 gpt gold over 24.3 m, 1.3 gpt gold over 31.8 m and 4.0 gpt gold over 10.5 m. In 2010, an airborne geophysical survey was completed, several new EM conductors and magnetic anomalies were identified in prospective geological settings, and additional drilling is planned in 2011. Canarc is currently reviewing whether to seek a partner for Tay LP or carry out the next drill program itself.

Windfall Hills – Canarc’s latest acquisition is located 65 kilometers (km) south of Burns Lake and 90 km northwest of Richfield Ventures’ Blackwater gold discovery in central BC. The Windfall Hills gold project consist of claims totalling 3879 hectares situated within the same geological belt of Tertiary volcanic rocks as Richfield’s Blackwater gold discovery. Gold mineralization is associated with quartz stock-works and alteration zones of silica, pyrite, K-feldspar, sericite and clay within rhyolite to dacite volcanic flows, breccias, tuffs, sediments and hypabyssal intrusions of the Ootsa Lake Group.

During the 1980’s and 1990’s, various junior exploration companies carried out more detailed geological, geochemical and geophysical surveys to define a broad, northeast-trending anomalous zone 2 km long by 1 km wide, marked by elevated gold and multi-element soil geochemistry, and several conductive or resistive IP geophysical targets. Atna Resources proposed a diamond drill program in 1997 to test the IP targets but never carried it out. Canarc has also staked the 960 hectare Windfall East property 20km east of the Windfall Hills properties as well as both the 13,870 hectare “Devil’s Thumb” and 2,345 hectare Devil East properties northeast of the Windfall Hills properties. These properties targeted geochemical anomalies within the favorable Ootsa Lake Group rhyolitic volcanic rocks where they are cut by northeast and northwest-trending structures, similar to the Blackwater-Davidson gold discovery. All of these properties are accessible via gravel logging roads so exploration should be rapid and cost-effective.

MANAGEMENT AND DIRECTORS

Bradford Cooke, M.Sc, P.Geo., Chairman and CEO, is a professional geologist with 32 years experience in project management and financing, including Shell, Chevron, Noranda, Endeavour.

Garry Biles, P. Eng., President and COO, is a professional engineer with 34 years experience, most recently as the General Manager of the Bellavista gold mine for Glencairn Gold.

James Moors, B.Sc., P.Geo., VP Exploration is a professional geologist with 20 years experience exploring ore deposits for Homestake and others.

Philip Yee, M.Eng (Mining), MBA, CPA, VP Finance and CFO, is a professional accountant with over 15 years experience as Controller and Officer of public companies.

Gregg Wilson, M.SCI. — Manager, Investor Relations – is an investor relations professional with over 15 years experience and an extensive background in administration and management.

Leonard Harris, P.Eng., Director, is a retired metallurgical engineer who was President of Newmont Peru responsible for the development of the huge Yanacocha mine.

Derek Bullock, P.Eng., Director, is a retired mining engineer who was President of IAMGOLD responsible for joint venturing with AngloGold the development of the profitable Sadiola mine.

William Price, Director, is the retired Chief Investment Officer for Allianz Global Investors, one of the largest global investment fund companies with over US$500 billion under management.

Bruce Bried, P.Eng., Director, is a professional engineer with 32 years experience operating high grade, underground gold-silver mines, including Homestake and Dickenson Mines.

CONTACT INFORMATION

Head Office:	Gregg Wilson, Investor Relations Suite 301-700 West Pender Street, Vancouver, B.C., Canada, V6C 1G8 Tel: (604) 685-9700 Fax: (604) 685-9744 Toll Free: 1-877-684-9700 E-mail: info@canarc.net          Website: www.canarc.net
Legal Counsel:	Stewart Lockwood, Vector Corporate Finance Lawyers
Auditors:	Smythe Ratcliffe LLP
Bankers:	Royal Bank of Canada
Transfer Agent:	Computershare Investor Services Inc.

2011-05-31 11:27 ET - News Release

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 05/31/11

Canarc Resource Corp. (TSX: CCM)(OTCBB: CRCUF)(DBFrankfurt: CAN) announces that it has staked two more gold properties located northeast of Canarc's recently acquired Windfall Hills properties, south of Burns Lake and northwest of Richfield Ventures' Blackwater gold discovery in central BC.

The 2,345 hectare Devil East property is contiguous with and immediately east of Canarc's recently staked Devil's Thumb property and the 960 hectare Windfall East property lies 20 km east of the recently optioned Windfall Hills properties.

Both new properties are situated within the same geological belt of Tertiary volcanic rocks as Richfield Ventures recent Blackwater-Davidson gold discovery. Richfield is currently the subject of a friendly take-over bid by New Gold for $10.38 per share, valuing the company and the discovery at more than $550 million.

The staking targeted geochemical anomalies within the favorable Ootsa Lake Group rhyolitic volcanic rocks where they are cut by northeast and northwest-trending structures, similar to the Blackwater-Davidson gold discovery. All four properties are accessible via gravel logging roads so property exploration should be rapid and cost-effective.

James Moors, B.Sc., P.Geo, Vice President, Exploration for Canarc, is the Qualified Person who reviewed the historic data and approved this news release.

Canarc Resource Corp.

Bradford Cooke, Chairman and CEO

About Canarc Resource Corp. - Canarc Resource is a growth-oriented, gold exploration company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently focused on exploring its four gold properties in central BC and the Tay LP gold property in the Yukon Territory. Canarc is also seeking a partner to advance its 1.1 million oz, high grade, underground, New Polaris gold mine project in British Columbia to the feasibility stage.

Contacts:

Canarc Resource Corp.

Gregg Wilson

Manager Investor Relations

Toll Free: 1-877-684-9700 or (604) 685-9700

(604) 685-9744 (FAX)

info@canarc.net

www.canarc.net

Canarc Sells Relief Canyon Assay Lab to Great Basin Gold

2011-05-19 11:29 ET - News Release

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 05/19/11

Canarc Resource Corp. (TSX: CCM)(OTCBB: CRCUF)(DBFrankfurt: CAN) announces that it has sold the Relief Canyon assay lab near Lovelock Nevada to Great Basin Gold for US$600,000 plus expenses of approximately US$25,000, which represents full recovery of Canarc's total costs for the lab. Proceeds of the sale will be added to working capital.

Canarc Resource Corp.

Bradford Cooke, Chairman and CEO

About Canarc Resource Corp.

CARNAC RESOURCE OWNS 8% OF AZTEC METALS CORP.

As stated in in my revised CARNAC ANALYSIS dated 2/5/2011, an email confirmation from Greg Wilson of Carnac on 10/21/2010, states that Carnac owns 8% of Aztec Metals Corporation. Below is the profile of Aztec that he attached in his email to me.

CORPORATE PROFILE

Aztec Metals Corp. is an early-stage mineral exploration company focused on acquiring and exploring district-scale poly-metallic properties with precious metal credits in Mexico. Our goal is to create shareholder value by developing mineral projects that have the potential to become large new mineral discoveries and ultimately, profitable mines.

Aztec currently holds three district-scale exploration properties in northern Mexico totalling approximately 93,000 hectares. Two properties have now been optioned to Parallel Resources for drilling in 2010. The Company intends to advance its Viesca property as soon as possible so that it can seek a public listing in 2010.

Exploration Targets – Aztec’s business model entails “elephant-hunting” for poly-metallic mineral discoveries with precious metal credits through the acquisition and exploration of “district-scale” properties in Mexico. Two recent examples of such discoveries within 80 km of Aztec’s properties include the massive new Penasquito mine of Goldcorp (26.8 million oz gold and 1.79 billion oz silver combined reserves/resources) and the exciting new Camino Rojo discovery of Canplats Resources (4.0 million oz gold and 68 million oz silver) who were recently taken over by Goldcorp in a $238 million friendly transaction.

Initial Properties - The Company owns three early-stage, poly-metallic mineral properties in Mexico: Matehuala and Charcas West in San Luis Potosi state, and Viesca in Coahuila state.

The Matehuala property (25,000 hectares) is Aztec’s most advanced exploration project. It is attractively located only 50 km east of the recent Camino Rojo gold-silver-lead-zinc discovery of Canplats Resources in Zacatecas within the same favourable geological belt. These properties cover several small historic mines located at the junction of two major structural trends that have potential to host large, silver-gold-zinc-lead, breccia pipe orebodies (Penasquito or Camino Rojo-type) and carbonate replacement deposits (Naica or Santa Eulalia-type). Following geological mapping, rock chip sampling and geophysical IP and MAG surveys, a 1500 m drill program was initiated in May of this year.

The Charcas West property (65,900 hectares) adjoins Camino Rojo about 50 km to the south and also covers similar favourable geology. Initial prospecting surveys have been completed and multiple virgin prospect areas were discovered, including two areas of quartz float assaying up to 0.4 gpt gold, one area containing widespread argillic alteration, iron enrichment and anomalous pathfinder elements, and one area with massive sulfide potential as evidenced by outcropping, geochemically anomalous barite-chert beds.

The Viesca property (2,325 hectares) may be the most intriguing of all. It covers more than 50 small historic mine pits, shafts and workings along an 8.5 km long trend that includes three styles of mineralization: CRD-type zinc-lead-silver manto replacements in limestone; Vein-type copper in quartz-carbonate-hematite veins; and copper-silver-lead strata-bound replacements of a 10-20 m thick tuff or sandstone unit that can be traced for several kms. Sampling of the main 300 m long mine workings and dumps returned average grades of

1.98% Cu, 1.78% Pb and 62 gpt Ag. The extensive surface showings suggest that this style of mineralization could have major tonnage potential – up to 8 km along strike by 1 km down dip.

Current Status - An NI 43-101 report was prepared on the Matehuala project for a draft Prospectus in 2008 but due to poor market conditions, Aztec had to delay the proposed IPO and elected to enter into an option agreement with Parallel Capital Corp. whereby Parallel can earn a 50% interest in the Matehuala property by paying $45,000 cash, issuing 500,000 shares and spending $322,000 on exploration. Aztec recently reached a second agreement with Parallel to option a 50% interest in the Charcas West property for $150,000 cash and $425,000 in exploration expenditures.

Management and Directors

Bradford Cooke, M.Sc., P.Geo. – Chairman and CEO, Professional geologist with 32 years experience in project and company management and financing, has worked with Shell, Chevron, Noranda, Endeavour Silver and Canarc Resource.

David Thornley-Hall, B.A. – President and COO, Previously Managing Director, Exco-Shorcan UK, with 20 years experience in corporate finance, bond brokerage and investor relations.

James Moors, BSc, P.Geo. - Vice President, Exploration, Professional Geologist with over 20 years experience in the mining sector, specializing in exploration for base and precious metal deposits.

Philip Yee, M.Eng, MBA, CPA – CFO, Professional Accountant with over 20 years experience in accounting, management, regulatory affairs and taxation.

J. Patricio Varas, P.Geo. – Director - CEO of Western Potash Corp. with more than 20 years experience in mineral exploration and project management.

Stewart Lockwood, LLB, MBA – Corporate Secretary and Director, Partner in Vector Corporate Finance Lawyers, with 20 years experience in corporate and securities law.

Leonard Harris, P.Eng. – Director, Former President of Newmont Peru, responsible for developing the huge Yanacocha gold mine, 50 years experience as professional engineer.

Investor Information

Shares Issued: 27.5 million

Warrants: 2.5 million

Fully Diluted: 30.0 million

Management Holdings: 15%

Canarc Holdings: 8%

Contact: Gregg Wilson

Manager – Investor Relations

Suite 301, 700 West Pender Street, Vancouver, BC, V6C 1G8

Phone: (604) 685-9770, Fax: (604) 685-9744, Email: info@aztecmetals.com

Caza Gold Corp. TSX.V: CZY

January, 2011

Caza Gold Corp. (TSX.V: CZY; CZ6: FSE) is a new gold resource company focused on acquiring, exploring and developing prospective gold mining properties in Mexico and Nicaragua. Caza currently holds two attractive gold exploration projects in Mexico and Nicaragua, and plans additional key acquisitions.

	INVESTOR INFORMATION	(post-IPO)
	Shares Issued	36.3 million
	Warrants and Options	8.7 million
	Fully Diluted	47.7 million
	Insider Shares	3.1 million
	Working Capital	CA$1.3 million

GOLD PROJECTS

Santiago, Chihuahua – The “Santiago” gold project (962 hectares) is located 12 km east of the town of Batopilas, a famous high-grade silver district, and 20 km east of Goldcorp's multi-million ounce El Sauzal Gold Mine, about 230 km southwest of Chihuahua City in Chihuahua State, Mexico.

The Santiago project has been owned by the same family for over 100 years and was never explored by modern methods. Recent rock-chip sampling by Caza geologists returned consistently high grade gold assays from several veins including 30.3 gpt gold over 2.3 m (0.88 opT over 7.5 ft) in the Veta Blanca, 144.0 gpt over 1.5 m (4.2 opT over 4.9 ft) in the Veta Tajos and 17.7 gpt gold over 2.5 m (0.52 opT over 8.2 ft) in the Veta Verde. Pathfinder elements are elevated in the alteration zone and may be indicators of better gold grades at depth, along the strike of the high grade vein zone. An NI 43-101 report was completed and is available at www.cazagold.com.

Moris District, Chihuahua – The “Moris” gold project (16,209 hectares) is located in the Moris district of western Chihuahua State, Mexico about 250 kilometers west of Chihuahua City. Western Chihuahua is a prolific mineralized region with multiple gold-silver epithermal vein deposits, including the Moris (Hochschild), Ocampo (Gammon Lake), Pinos Altos (Agnico Eagle) and Dolores (Minefinders) mines. Access is by paved and all-weather gravel roads from the town of Ocampo 20 km to the east. The town of Moris has good infrastructure and is serviced by a 1,500 foot airstrip. Caza controls several prospective mineralized zones within the Moris District including possible extensions to the Moris mine and both recent and historic gold prospects in the Tecolote and Balleza-La Cienega sub-districts.

The Balleza-La Cienega area provided most of the historic gold-silver production from the Moris district. Multiple small mines exploited high-grade veins along structural zones several kilometers in length. The Balleza target within the La Cienega sub-district consists of a wide zone of silicification and quartz stock-works within and near a large dacite dike similar to the Dolores deposit of Minefinders’. Previous sampling results are quite encouraging. Sampling collected a total of 135 samples, including silicified dike, stockwork zones, and veins and 74 were above a 0.3 gpt cutoff grade and averaged of 2.27 gpt Au. Twenty four silicified dike samples averaged 1.66 gpt Au. Two continuous chip samples have been collected from the dike zone with silicification and stockwork veining. One sample was 16.5 m containing 1.75 gpt Au (Hochschild) and another over 15 m contains 1.715 gpt Au (Caza). These chip samples are 180 meters apart in similar silicified dike rocks along strike. The resistant silicified knob of the dike is 500 m long by 150 m wide bounded by a well defined fault zone. Car-sized mineralized boulders with strong stockwork quartz veining cover the hill below the silicified knob. Hochschild drilled two holes to the south of the silicified dike outcrops in opposite directions. One hole intersected a wide mineralized interval of 62.4 meters grading 0.53 g/t Au (203 ft of 0.02 opT Au) 100 meters below the outcropping dike. No follow-up drilling was ever conducted on these properties and the mineralized zones remain open along strike and down dip.

The Tecolote vein system outcrops west of the Moris mine and includes numerous gold bearing vein, stock-work and silicified zones up to dozens of meters in width over a 2.5 km strike length and 500 m in vertical extent. The three holes drilled in 2006 by Hochschild intersected a strong gold mineralized system, including 0.6 gpt gold over 40.8 m (0.02 opT over 133 ft) and 1.1 gpt over 17.1 m (0.032 opT over 56.1 ft).

Los Andes, Nicaragua - The Los Andes property covers approximately 6,575 hectares and is strategically located within the Central Nicaragua Gold Belt between the El Limon and La Libertad Mines of B2 Gold. The high sulfidation gold system is exposed on surface as an extensive alteration zone of hydrothermal vuggy quartz, pervasive silification, and alunite associated with highly anomalous gold, silver, and trace elements.  The alteration zone covers a 45 square kilometer area and measures 12 kilometers long by up to 6 kilometers wide.  It is similar in size, nature, intensity, and trace element geochemistry to world class gold deposits such as Yanacocha and Pierina in Peru.

Surface samples grading up to 2.5 grams per tonne gold within alunite-altered and silicified volcanic breccias, were collected by Caza during recent due diligence sampling.  The property was previously held years ago by First Point Minerals, who conducted extensive surface rock sampling. 

Detailed mapping and sampling of known highly anomalous gold mineralized zones will commence shortly and take about 6 months in order to identify high priority gold targets for drilling.  A more general reconnaissance mapping and sampling program in 2011 will attempt to outline the overall extent of the epithermal gold and silver mineralization.

Caza Gold Corp Symbol C : CZY Shares Issued 35,955,639 Close 2011-01-07 C$ 0.55 Recent Sedar Documents Caza Gold samples up to 11.8 g/t Au at Moris 2011-01-11 09:13 ET - News Release Mr. Gregg Wilson reports CAZA GOLD CORP.: MEXICAN GOLD TARGET DOUBLES IN SIZE Caza Gold Corp. has provided the results of a recent rock sampling program at the Balleza gold target on Caza's Moris property, located 20 kilometres west of Gammon Gold's Ocampo gold mine in Chihuahua state, Mexico. Caza Gold is very encouraged by the initial assay results received from the rock sampling program at Balleza that commenced in November and December, 2010, after completion of the company's recent listing on the TSX Venture Exchange. Assay results from the first 176 samples effectively double the size of the Balleza gold target area. The new chip and channel sampling results assay from nil up to 11.8 grams per tonne (g/t) gold. Ninety-one of the 176 samples grade more than 0.3 g/t gold and average 1.1 g/t gold. Two continuous channel samples on road cuts over the Balleza gold target returned assays of 0.43 g/t Au over 18.5 metres (6.9 metres true width) and 0.60 g/t Au over 89.5 metres (33 metres true width) including an average assay of 0.83 g/t Au over 53.5 metres (20 metres true width). The Balleza gold target area is now over 1,200 metres long and up to 400 metres wide, which doubles the area of the previously known mineralized zone. A total of 310 samples from the Balleza zone have been collected by Caza, Exmin and Hochschild in recent years and 134 of these samples assay higher than 0.3 g/t Au and average 1.6 g/t gold. The Balleza gold target lies within the much larger Balleza-La Cienega district on the Moris property that covers a mineralized structure zone over seven kilometres long. The district hosts at least 14 historic mine workings and 30 additional mineralized zones discovered to date. Sampling in the Balleza zone has identified two types of gold mineralization: quartz stockworks and disseminated sulphides, both types hosted within silicified rhyolite dikes. The higher grade stockworks outcrop in an area approximately 900 metres long and up to 40 metres wide. The hillside below the stockworks is covered with up to house-size mineralized boulders, which also carry higher grade gold values. The boulder field extends from the ridgeline, where the stockworks outcrop, north to a creek approximately 300 metres away and 150 metres lower in elevation. Detailed mapping and sampling of the Balleza gold target will continue to further explore the extent of the silicified dikes, stockworks and disseminated zones of mineralization in order to define drill targets for drilling within the next three months. The Balleza project is part of the Moris property (16,209 hectares) located about 250 kilometres west of Chihuahua City. The property is situated within the Sierra Madre gold-silver belt, a prolific mineralized region with multiple gold-silver epithermal vein deposits, including the Moris (Hochschild), Ocampo (Gammon Lake), Pinos Altos (Agnico Eagle) and Dolores (Minefinders) mines.

Caza Gold samples anomalies on Los Andes

2011-01-18 09:25 ET - News Release

Dr. Greg Myers reports

CAZA GOLD IDENTIFIES STRONG TRACE ELEMENT ANOMALIES ASSOCIATED WITH HIGH GOLD VALUES AND HIGH SULFIDATION ALTERATION ON THE LOS ANDES GOLD PROPERTY, NICARAGUA

Caza Gold Corp. has identified several strong trace element anomalies associated with high gold values and high sulphidation alteration on the recently acquired Los Andes gold property in Nicaragua. The property covers approximately 6,575 hectares and is strategically located within the Central Nicaragua gold belt between the El Limon and La Libertad gold mines of B2 Gold.

The Los Andes high sulphidation gold system is exposed on surface as an extensive alteration zone of hydrothermal vuggy quartz, pervasive silification and alunite associated with highly anomalous gold, and trace element anomalies in copper, molybdenum, bismuth, barium, selenium, tellurium, mercury, arsenic and antimony. The alteration zone covers at least a 45-square-kilometre area and measures over 12 kilometres long by up to six kilometres wide. It is similar in size, intensity and trace element geochemistry to the alteration zones of world-class gold deposits such as Yanacocha and Pierina in Peru.

Overall surface rock chip samples returned low gold values, but when compared with associated trace element geochemical results two interesting areas of anomalous gold values are identified. The strongest gold anomaly, with values ranging from nil to 2.5 grams per tonne (g/t), is approximately two km in diameter in the Cerro Quisaltepe area. This gold anomaly has the highest and most widespread selenium values. A second gold anomaly, with lower values (nil to 0.086 g/t Au) occurs four km to the east in the Cerro el Corral area in the northeast area of the Los Andes claim, and although the gold values are low they occur in a clay-dominant, lower temperature alteration zone which is about 4.8 km long by 3.7 km wide and occur with strong arsenic, bismuth and selenium geochemical anomalies. The strongest gold anomalies occur in areas of rock chip samples within alunite-altered and silicified volcanic breccias.

Barium values are elevated over the entire area of sampling and cover an area over 10 km long and 5.5 km wide, with values ranging from low parts per million (ppm) values to 2,032 ppm, indicating a well-developed hydrothermal system. Gold anomalies are closely associated with anomalous selenium, bismuth, molybdenum and copper. Selenium values are very interesting and show at least three highly anomalous areas and are spatially related to areas with elevated gold values. Selenium values range from nil to greater than 100 ppm, with values above 25 ppm considered to be highly anomalous. Bismuth is also an indicator element for these systems with a close gold association. Los Andes samples contain from 0.1 to 74 ppm, with values above five ppm considered to be highly anomalous. Sampling along the ridge in the eastern portion of the claims defined a bismuth anomaly five km long by 1.3 km wide, and a second anomaly focused around the gold anomaly at Cerro Quisaltepe.

Detailed mapping and sampling of the Los Andes property are now under way to outline the most favourable host rocks and mineralized zones and delineate the different alteration types and associated trace element geochemical anomalies in order to prioritize targets for drilling.

A more regional reconnaissance mapping and sampling program is also under way and additional, highly prospective high-sulphidation-type gold systems have been identified for acquisition outside of the Los Andes property.

Dr. Greg Myers, PhD, PGeo, is the qualified person who reviewed and approved the contents of this news release. Sample collection by Caza Gold was supervised by Dr. Myers and all samples were prepared and analyzed at Inspectorate analytical labs in Reno, Nev. Analyses confirmed assay values obtained from sampling programs completed by previous companies in the Los Andes area.

We seek Safe Harbor.

Caza Gold Stakes Eleven New Properties Covering Multiple Large Hydrothermal Alteration Zones within the Central Nicaragua Gold Belt

Vancouver, Canada – February 21, 2011 – Greg Myers, Ph.D., President and CEO of Caza Gold Corp. (CZY: TSX-V; CZ6.F: DBFrankfurt) is pleased to announce that the Company has identified and acquired by staking 100% interests in eleven new properties covering multiple large hydrothermal alteration zones similar in size and nature to the high sulfidation gold alteration system found on the Company’s Los Andes gold property in Nicaragua. The new claims are strategically located within the Central Nicaragua Gold Belt between the El Limon and La Libertad gold mines of B2 Gol

Caza now holds approximately 100,000 hectares spanning 77 km long by 25 km wide within this newly identified high-sulfidation epithermal gold trend. Caza has commenced reconnaissance mapping and sampling of these alteration systems to prioritize them for detailed gold exploration. The alteration zones occur in the same Tertiary volcanic belt that hosts multiple epithermal precious metal deposits from Mexico all the way to Panama.

The Los Andes property hosts an extensive alteration system of hydrothermal vuggy quartz, pervasive silification, and alunite associated with highly anomalous gold, and trace element anomalies in copper, molybdenum, bismuth, barium, selenium, tellurium, mercury, arsenic, and antimony. Los Andes quartz-alunite alteration covers at least 45 square kilometers and is over 12 kilometers long and up to 6 kilometers wide. The Los Andes alteration footprint is similar in size, intensity, and trace element geochemistry to the alteration zones of world class gold deposits such as Yanacocha and Pierina in Peru.

“Caza believes the Central Nicaragua Gold Belt has not been well explored for high sulfidation epithermal gold mineralization because most of the historic and current gold mines are of the low sulfidation type. Caza’s highly experienced team of exploration professionals in Nicaragua continue to advance early stage exploration on both the Los Andes Property and the newly acquired gold properties,” commented President and CEO, Dr. Greg Myers.

Greg Myers, Ph.D., P.Geo., is the Qualified Person who reviewed and approved the contents of this news release.

Caza Gold Corp., is a recently listed exploration company focused on the acquisition and exploration of strategic gold properties in Mexico and Latin America.

CHINESE MINERALS MINING HWTHF

The two Hawthorne deposits have more than sufficient to make this company stock price rise quickly. What investors want to see is the actual production again on the existing mines at both locations of which one was in operation as late as 2007 by Cusac Gold and shut down then due to the gold price collapse because of Central bank gold manipulation. Cusac who I originally owned shares in then sold the who operation out to Hawthorne in a stock swap where I came into the Hawthorne shares. Hawthorne needs to get off its ass and quit drilling and start producing again with the now high gold prices and then in conjunction with the mining do the drilling. They have great resources to drive the stock prices into the $100 plus level in the next two years, they just need to become a producers again which is easy for them because the whole operation is just sitting there. With the Chinese take over of the company and with plenty of cash now I expect the company to once again start producing on their claims. The Chinese have there own rhythm in doing things and generally do not make big news releases or Hollywood productions in their companies so don't expect it here either since they have controlling share interest in the company. He have installed all chinese as board of directors but kept the American CEO as a puppet to prevent any problems with regulations about foreign owned control. Chinese are smart operators and know how to get around the loop holes. What all this boils down to is that this company is destined for big things as a piece of a larger Chinese company of global scale as the below introduction from the new HWTHF website copied below states. The Chinese do no fool around, as I told you before he think in one dimension and his case it is planar meaning spread out like the plague in one level over a wide area. If you look at their economic development thus far world wide you will see this. They will do this with HWHF and will bring he two big mines back up on production and I will drive he stock price up to high prices and I sill expect this one to be a $100 stock some day but not right away. The price on this one will take off when the product begins or on a sound direction to production. As stated above I owned Cusac Mining which owned the two projects and it was bought out by Hawthorne at a less than favorable stock swap for the old Cusac owners like me. I think I had about 70,000 shares of Cusac at about .05 per share. The governments massive gold/silver suppression scam from 2007 to 2009 crushed Cusac that was just getting back on its feet again from the previous government scam and finally threw in the towel and sold out to Hawhorne who just sat on the claims waiting for their sugar daddy to come along and the Chinese showed up. The Corporate Officers and Directors of the old Hawthorne Gold were seasoned miners but more important business men in the industry and they knew it was a mater of time before their sugar daddy showed up and the Chinese did. I have no doubt that HWTHF will blow through this price on the up side before the Summer of 2012 so just hold on. The Chinese are cash rich so there will be plenty of cash coming in to put the mines in operation with out further share dilution.

(As at April 29, 2011)

Shares Outstanding	189,873,268
Options (Exercise Price: $0.40 - $1.60)	4,564,000
Warrants (Exercise Price: $0.39 - $0.50)	17,425,397
Fully Diluted	211,862,665

FROM THE WEBSIE OF HWTHF http://www.chinamineralsmining.com/s/Home.asp

"Where the combination of knowledge, experience and culture brings mineral exploration and development to a new level"

When two well known patriarchs of the Canadian mining industry were asked to visit Beijing a year and a half ago they didn't know what to expect from their hosts but knew it was a meeting they couldn't afford to miss. Founders of Bema and Eldorado Gold Corporations, Richard Barclay and Michael Beley found themselves in a meeting with a major shareholder of their most recent entry into the sector. The meeting culminated in the creation of a new entity that truly personifies the "East meets west" adage.

CMMC is the offspring of Canada's Hawthorne Gold Corp. and its new parent; a private Beijing based Development Company Skyocean Holding Co. Ltd. Plans call for the creation of a significant mining concern, global in scale and encompassing the acquisition and development of a wide range of precious and base metal projects. The Company which currently trades publicly on the Toronto Venture Exchange (TSX-V "CMV") hopes to meet the necessary requirements and list on the Hong Kong Exchange as soon as possible. The Company believes that its presence in Hong Kong is a very important dynamic to future growth.

The new entity now based in Beijing with Canadian offices located in Vancouver also sees itself opening a branch office in Hong Kong sometime soon. Management expertise has been drawn from both sides with appointments from Beijing, David Bo to Chairman and Ling Zhu to the position of Chief Executive Officer. From the West, Michael Beley will serve as Director and Executive Advisor to the Chairman and Richard Barclay will serve as Director and Executive Vice President.

The Company plans further development at two gold projects previously held by Hawthorne located in the famous Cassiar Mining Region of British Columbia. The Table Mountain Gold Project is a fully permitted camp with onsite milling capacity of 250 tonnes of ore per day. The Company is moving toward re-opening the mine and bringing gold production on line as soon as feasible. The nearby Taurus Project boasts a one million ounce gold resource that will also be the focus of ongoing development. The door is now open to accept project submissions and a metals trading division will open soon.

In bringing these two worlds together, Chinese wisdom and Western knowledge a new approach to mining has been conceived.

China Minerals Increases the Board of Directors

Tuesday May 31, 2011 - 17:51 PM EDT

Marketwire

Released By China Minerals Mining Corporation

Share:

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 31, 2011) - China Minerals Mining Corporation ("China Minerals" or the "Company") (TSX VENTURE:CMV)(PINK SHEETS:HWTHF) is pleased to announce the Company's Board of Directors has been increased from eight board seats to nine and the Company's former Chairman Mr. Jian Zhang will remain as a Director of the Company and has been appointed as special advisor to the Chairman.

About China Minerals Mining Corporation

China Minerals Mining Corporation is a China based exploration and development company with offices located in both Beijing and Vancouver. China Minerals Mining Corporation's ambition is to build an international mining company through project acquisitions and the further development of the Table Mountain Gold Mine Project along with continued resource development at the nearby Taurus deposit in British Columbia.

ON BEHALF OF THE BOARD OF DIRECTORS

Richard Barclay, Executive Vice President

Tuesday, January 12, 2010

Hawthorne Gold sees potential for higher grade ore shoots at Taurus Deposit

Hawthorne Gold ("Hawthorne")(TSX VENTURE:HGC)(PINK SHEETS: HWTHF) released assay results from two step-out diamond drill holes, TA09-41 and TA09-42, on the Taurus West Shear Zone in the Liard Mining Division of northern British Columbia, Canada.

The two holes were drilled 70 meters north and south of mineralization intercepted in historic drill hole T95-13, and were designed to test the continuity of mineralization. Significant intercepts included 87.59 meters (m) grading 1.43 grams per tonne (g/t) Au in drill hole TA09-41 starting at a down hole depth of 238.55 m, and 46.77 m grading 0.91 g/t Au in drill hole TA09-42 starting at a depth of 210.43 m.  Significantly, both holes contained multiple intercepts of higher grade gold, suggesting potential for “defining higher ore shoots within the zone”.

Hawthorne has already reported a National Instrument (NI) 43-101 compliant inferred resource of 33 million tonnes grading 1 g/t gold (approximately 1.06 million ounces of gold).  The company is now seeking to target higher grade zones in 2010.

“The new Taurus West drilling intercepts, recognition of similar mineralization at the Taurus mine, and the recent drill holes at Wing's Canyon suggest that the Taurus area has the potential to host broad areas of auriferous pyritic mineralization in associated shear zones,” Hawthorne summarized. “During 2010, the Company intends to continue to evaluate the potential of these significant results, as well as to test the potential of other areas for this style of mineralization.”

Hawthorne also confirmed that assay results are pending for drilling recently completed in the Wing's Canyon area, approximately two kilometres to the southeast of Taurus.

Thursday, October 14, 2010

Hawthorne Gold to raise up to $10m for projects in British Columbia

Hawthorne Gold (TSX-V:HGC)(PINK SHEETS:HWTHF) said Thursday it will raise up to $10 million through a non-brokered private placement.

The company has agreed to sell up to around 90.9 million common shares. Skyocean Ventures Investment, a company associated with Hawthorne shareholder China Mineral Holdings, has already agreed to purchase approximately 68.2 million common shares at a price of $0.11 per common share for gross proceeds of $7.5 million.

China Mineral currently holds about 14.3 million special warrants of Hawthorne, with each special warrant good for a unit, consisting of one common share and one half of one transferable common share purchase warrant.

Hawthorne is required to obtain majority shareholder approval for the placement and possibly minority approval, due to Skyocean becoming a controlling holder.

The new funds will be used for the exploration and development of Hawthorne's Table Mountain Mine in northern British Columbia, as well as for general working capital purposes.

Canada-based Hawthorne is working towards becoming a junior gold producer through its Table Mountain mine and the continued resource development at the nearby Taurus deposit.

http://www.hawthornegold.com/i/pdf/tablemountain-43101.pdf

TABLE MOUNTAIN PROPERTY

Liard Mining District

British Columbia

Prepared for

HAWTHORNE GOLD CORP.

Vancouver, B.C. Canada

Report for NI 43-101

May 18th, 2010

Cassiar Gold Camp = Table Mountain property and Taurus Property

The Table Mountain Property is comprised of 106 contiguous mineral claims and 12 Crown Grants,

covering an area of 37,123 hectares. These claims are located in the Liard Mining District of

northwestern British Columbia, some 117 km north of Dease Lake, B. C. The Property is centered on a 15 km long, northerly trending system of mesothermal gold-bearing shear zones and quartz veins. This gold rich system developed in late Jurassic age, along and adjacent to the Erickson Creek Fault Zone. The mineralised system on the Table Mountain property hosts a number of past producing, high

grade underground mines, open pits and placer workings. Estimated total gold production from this

property is 316,000 oz (9,828 kg), with an additional 35,000 oz (1,089 kg) reported production from

the adjoining Taurus Property (also owned by Hawthorne Gold). These two properties combined are

known as the Cassiar Gold Camp. In addition, placer gold production in the Cassiar Gold Camp has

been estimated at 74,500 oz (2,317 kg) Total gold production for the Cassiar Gold Camp is calculated

at over 425,000 ounces (13,219 kg)

Hawthorne Gold Corp. presently controls the majority of the mining claims in the Cassiar Gold

Camp, Liard Mining District, NTS 104P. Hawthorne claims comprise two properties; the Table Mountain Gold Property and the Taurus Property . There are 106 claims on the Table

Mountain Property owned by Hawthorne Gold Corp. including those acquired through the merger

with Cusac Gold Mines . Twelve Crown Grants located on the Table Mountain property .

Hawthorne Gold Corp. controls the mineral rights to a total of 59,165 hectares (146,200 acres) in the

Cassiar Gold District. Hawthorne’s Table Mountain Gold property mineral claims cover

approximately 39,183 hectares and are contiguous. Hawthorne’s adjacent Taurus Property covers

19,982 hectares. The claim group purchased from American Bonanza Gold Corp. covers 915

hectares. The properties have been acquired by direct staking, outright purchase, and option

agreements. Most of the claims are owned outright, with only a few subject to option payments

and net smelter royalties, or net profit interests.

The total recorded production for the entire Cassiar Gold Camp, (Table Mountain, Taurus and Placer

operations) is 425,151 oz (13,224 kg).

The wholly-owned Table Mountain gold mine is a high-grade, underground mining operation located in northern British Columbia. The historic Cassiar Gold Belt is a 23 kilometre long greenstone hosted quartz carbonate formation that stretches from Mount McDame in the north to Juniper Mountain in the southeast. The historic mining operations and McDame River have produced close to 500,000 ounces of gold from various mills and placer operations.

Numerous small mines processed high-grade ore starting in 1934. This was followed in 1978 by larger-scale underground mining and processing, first as the Erickson gold mine, then the Cusac gold mine. During this period, mine operators opened 13 portals to access Table Mountain's widespread gold mineralization. The operation and support facilities at the Cassiar Gold Mine, which shut down in October 2007, and consists of a fully permitted 270 tonne per day, gravity and flotation mill, power plant, assay laboratory and tailings impoundment facility.

Gold mineralization at Table Mountain is hosted in a greenstone quartz carbonate gold system that is typical of some of Canada's largest gold camps, including Timmins, Kirkland Lake and Val d'Or. In June 2009 Hawthorne commenced an exploration/development program, with the goal of working towards gold production.

Finley Bakker the Company's Qualified Person as defined by NI 43-101, has reviewed and approved the technical information.

October 2010 Corporate presentation http://www.hawthornegold.com/

http://www.hawthornegold.com/i/pdf/HGC-Corporate-Presentation.pdf TSX-V: Oct 2010

Experienced Management , Operational and Technical Team

•Led by respected company builders Michael Beley and Richard Barclay

üCo-founded both Bema Gold and Eldorado Gold

•Strong board of directors and advisory team

Dedicated to Growth through drilling, development and acquisitions

•Apply Bema/Eldorado Model (short term cashflow)

üAdvance towards cashflowat profitable mining operation within 4 years from Company inception

ØOn track for production at Cassiar Gold Mine, British Columbia

•Aggressive 10,000 metre diamond drill program at Cassiar Gold Camp 2010

üBuild resource portfolio and develop priority exploration targets for upside potential

Issued and Outstanding82,115,113

Special Warrants ($0.29)14,338,801

Stock Options ($0.40 -$1.60)6,787,000

Warrants ($0.40 -$0.51)11,342,857

Fully Diluted114,583,791

American Bonanza Gold Corp.5,750,000~(8%)

Institutional Ownership~25,000,000~(26%)

Market Capitalization (as at April 29, 2010) ~$13M

HGC

UTable Mountain and Taurus Deposits

Progress To Date

•Increased land position by 245%

•Purchased remaining 70% of Taurus Deposit

•Completed geological compilation model of 40 years of data

•Completed 12,000 metre surface diamond drill program 2008/9

•Rehabilitated underground access workings at Cassiar Gold Mine

•Re-established exploration and mining 75 man camp

•Completed property-wide geophysics program

SHigh-Grade Gold System

•NI 43-101 Mineral Resource Estimate

•Deposits hosted in extensive quartz-carbonate-gold vein systems similar to some of Canada’s largest gold camps, including Timmins, Kirkland Lake and Val d’Or

2009 Exploration & Development Program

•Completed 12,000 metre diamond drill program focused on:

üPriority zones identified at Table Mountain and Taurus that will increase resource base

üRegional targets to identify new zones

•Underground pre-development at Table Mountain to prepare for production at Cassiar Gold Mine

Taurus Gold Deposit24Highlights

•NI 43-101 Mineral Resource Estimate

•High-grade zones identified within resource selected high grade open pits

•Open pit, bulk tonnage opportunity

•Historical production of 32,700 ounces from high grade zones within deposit 2010 Exploration & Development Program

•Plan 2010 10,000 meter surface exploration drill program to bring Taurus inferred resource to measured and indicated status

•Metallurgical studies on mineralized zones for compatibility with mill flow sheet

•Potential for multi million ounce open pit and underground bulk mineable gold deposit

Oro

TABLE MOUNTAIN AND TAURUS GOLD DEPOSIT

•Continue resource development through surface drilling during 2010 summer/fall; exploration program will consist of 10,000 metres of diamond drilling, trenching, mapping and soil sampling

•Complete engineering and mine planning

•Complete pre-production mine development leading towards production at Cassiar Gold Mine

Clifton Mining Company CFTN

An observation of the Clifton properties made by Canadian mining expert Charlie Pitcher of Mining House, speaking of the rich array of gold, silver, copper, tungsten and a plethora of other minerals, he said, “This property is a veritable jewel box of minerals.” This sums up Clifton's future well. With the 20 year production agreement with Desert Hawk to mine all Clifton's resources with a maximum net smelter of 15% for gold when gold price exceeds $1500 and 15% for silver when it exceeds $25, Clifton can just sit back and point and collect the money. Their vast array of old mines they have patiently collected over 30 years and the yet un-touched variety of metal resources they will drill and expose in the coming years make Clifton a very long term play and nothing but a steady increase in stock price over the years. They are entering their sweet spot and will be there for at least 2 decades and need no outside help or funding. This stock will not top out for at lest 3 years an probably 5 or more. From this point there is no down side only the progressive increase in the company stock. When the small juniors like Clifton finally come into the spotlight the company stock price will go parabolic. A producing company with no debt and enough in ground assets all 100% owned to last for the next 20 years. It is very possible for a large mining company to step in and buy up both Clifton and Desert Hawk which for them would be a huge asset resource base for a small price in comparison for what they will get. This would be good and allow the resources to be mined in 10 years or less instead of 20 years. If this happens expect it in the next 12 months as the big companies grab as much as they can. The area owned by Clifton is the type the big companies like, unlike the small individual claims of some of the companies in the mountains like in Idaho where it is more difficult for a big company to run an operation on the economy of scale operation. This is what happened recently with NJMC when Newmont pulled out of a Joint Venture with them. Good mineral claims but better handled by a smaller more innovative company. CFTN assets are all in one area on flat land and easy for a big company to centralize a massive operation for it all. http://www.americanbiotechlabs.com/ Clifton Mining Company owns approximately 23% of ABL.

Clifton Mining Company Mining Operations

PR Newswire Posted 10:37 AM 05/18/11

ALPINE, UT, May 18 /PRNewswire/ - Clifton Mining Company is in the process of a successful transition from exploration to operations and income.  Desert Hawk, Clifton's mining partner, completed the overhaul and renovation of the Gold Hill mill last year, spending approximately $2.5 million on the mill and the surrounding properties. New crushing and grinding circuits have been put in place as well as additional banks of float cells and new gravity separation tables, upgrading capacity and recoveries. A new automated crusher has been placed at the mine so that ore can be crushed before being shipped to the mill for processing. The pipeline is now filling and Clifton has now received its first check for ore processed and sent to the smelter for refining. Clifton expects to receive checks on an ongoing basis from operations.

With both float cells and also gravity separation processing, the mill can now accept a wide range of different ores from different areas of the property, not only the copper/gold ores, but potentially also the lead/silver ores from the Shear Zones. With the current prices of both silver and lead, the Shear Zone ores may prove very profitable at this point. Timing to switch the mill to processing the silver ores may be moved up to take advantage of the premium silver prices.

Work still continues in regard to obtaining the leach pad construction permits, which will allow the planned large scale gold leaching project to begin operations. Silver ore from Clifton may also be placed on the pad from the lower grade areas of the silver laden Shear Zones.

Technology

We are continuing to make progress on use of the New microwave technology on refractory ores.

Clifton trades on the U.S. OTC: (CFTN). 

Note: Any statements released by Clifton Mining Company that are forward looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Editors and investors are cautioned that forward looking statements invoke risk and uncertainties that may affect the company's business prospects and performance.

SOURCE Clifton Mining Company

PRESS RELEASE - Clifton Mining Company Inc. (OTC : CFTN)

2010-11-04 07:00 ET - News Release

ALPINE, UT, Nov. 4 /PRNewswire/ - Clifton Mining Co .(Clifton) has been informed by its partner, Desert Hawk Gold Corp. (Desert Hawk), that production has begun at its Gold Hill mill facility.  The initial mill testing phase is complete and the operation is moving into full production.  The plant has started producing gold, silver, copper and tungsten.   

Construction finished on Clifton's Gold Hill mill last month.  The entire mill was upgraded with new crushing and grinding systems as well as adding a tungsten extraction system.  For pictures of the mill and operations please see Clifton's website at www.cliftonmining.com.

Said Ken Friedman President of Clifton, "We were pleased to see the mill construction finish and ore start running through the plant.  We look forward to a mutually profitable relationship with Desert Hawk and to the start of an income stream from our net smelter returns." 

The venture is planning to open up two more operations within the next year.  Both of these will be heap leach operations.

Coeur d’Alene Mines Corp. CDE

There is no way but up for this company to go. It will top out in about 4-5years in price in the $100 to $300 current dollar per share price. In it's last year of price topping you will need to watch it closely to squeeze out the last dollar from it as that year will be rounded slow bowl shape of a large price dome. Look for this company to top out in price after 2012 and probably 2013-14. Largest silver only producer in the world. Following it's weekly and monthly movements up and news releases is not important for this company. Expect the Reverse Split to be undone at least partially in the next 2 years as the price goes up. They need a price range that trades easily in the markets.

2011-08-08 09:00 ET - News Release

Company Website: http://www.coeur.com
COEUR D’ALENE, Idaho -- (Business Wire)

Coeur d’Alene Mines Corporation (NYSE:CDE) (TSX:CDM) today announced record quarterly metal sales of $231.1 million and operating cash flow¹ of $115.8 million. The Company’s strong second quarter results were led by its Palmarejo silver and gold mine in Mexico, which produced a record 2.4 million ounces of silver and 33,389 ounces of gold.

2^nd Quarter 2011 Highlights:

• Record net metal sales of $231.1 million represents 16% increase over prior quarter and is 129% higher than last year’s second quarter

• Record $115.8 million of operating cash flow¹ represents 29% jump over prior quarter and 425% increase over last year’s second quarter

• Adjusted earnings² of $58.0 million, or $0.65 per share, versus an adjusted loss of ($8.9) million, or ($0.10) per share during last year’s second quarter

• Silver production of 4.8 million ounces, up 16% compared to prior quarter and 15% over last year’s second quarter

• Record gold production of 60,656 ounces, up 14% over prior quarter and 162% compared to last year’s second quarter

• Consolidated cash operating costs of $3.39 per silver ounce³, down 59% compared to prior quarter and 58% versus last year’s second quarter

• Average realized prices of $39.11 per ounce of silver and $1,504 per ounce of gold

• Cash and equivalents were $106.8 million at June 30, 2011, up 159% from June 30, 2010

Coeur to expand gold production by 135% to 170,000 ozs

With three new precious metals mines in place, Coeur says it is well positioned to take advantage of very strong gold and silver prices.

Author:Dorothy Kosich
Posted: Friday , 05 Nov 2010

RENO

Coeur d'Alene Mines reported a 105% increase in gold production during the third quarter, primarily as a result of initial gold production at the Kensington mine in Alaska and a 49% increase in Palmarejo gold production.

The company produced 4.3 million ounces of silver and 47,514 ounces of gold during the quarter, compared to 5.2 million ounces of silver production and 28,955 gold ounces during the third quarter of 2009. The third quarter of 2010 marked the first full quarter with all three of the company's new mines in production.

During a conference call with analysts Thursday, Coeur CFO Mitchell Krebs said, "This past quarter, we demonstrated the beginning results of our strategic plan, investing in three new precious metals mines, which are now gaining momentum, delivering higher production in metal sales and cash flow and lower operating costs."

"This momentum will continue building through the remainder of 2010, with an expected 135% increase in full-year gold production over the last year along with 17 million ounces of silver production at an average cash cost of about $5.50 per ounce of silver,"he added. "All three of our new mines are now in production and 2011 will represent the first year all three mines will contribute production in cash flow for a full year at the same time."

Krebs also noted that the expansion of the Rochester mine in Nevada will add a fourth major contributor to the company's three new mines.

"Our production, sales and cash low are climbing rapidly, while our operating costs and capex are declining leading to a growing cash balance,"he added.

2010-11-04 09:00 ET - News Release

Company Website: http://www.coeur.com
COEUR D’ALENE, Idaho -- (Business Wire)

Coeur d’Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC) today announced strong third quarter financial and operational results driven by its three new long-life gold and silver mines, along with record precious metals prices. This marked the first full quarter with all three new mines in production, leading to accelerating metal sales and cash flow while operating costs per ounce and capital expenditures continue declining.

Third Quarter Highlights:

• Gold production doubled from prior quarter; silver production increased 4%

• Cash operating costs¹declined 40% to $4.87 per silver ounce

• Record metal sales of $118.6 million, up 17% from previous quarter and nearly $30 million over last year’s third quarter

• 58% increase in operating cash flow²to $34.7 million compared to last quarter

• Capital expenditures declined to its lowest level in over four years

• Operating income jumped to $10.5 million, up from $1.9 million last quarter

• Palmarejosilver production increased 41% to 1.5 million ounces; gold production increased 49% to 29,823 ounces versus the second quarter

• Higher silver and gold grades and larger gold by-product credit led to reduced cash operating costs of $0.15 per silver ounce versus $10.78 during the prior quarter

• San Bartolomésilver production of 1.8 million silver ounces consistent with prior quarter; cash operating costs dropped 9% to $7.05 per silver ounce

• Kensingtonproduced 15,155 gold ounces in its initial quarter

• Expecting full-year silver production of over 17 million ounces; cash operating costs of $5.50 per silver ounce; 135% increase in gold production to approximately 170,000 ounces

“Over the past three years, Coeur has been executing its strategic plan to transition the Company to three new long-life silver and gold mines. Along with exceptionally strong metals prices, the results from the third quarter demonstrate the momentum being created by these new operations,” said Dennis E. Wheeler, Chairman, President and Chief Executive Officer. “As metal sales and cash flow increase, the Company’s cash operating costs and capital expenditures continue to decline.”

Mr. Wheeler continued, “The third quarter also marked a major milestone for the Company’s Kensington gold mine, as it logged its first full quarter of operations. With a substantial reserve base, exciting exploration potential and record gold prices, Kensington has a very bright future.”

“Finally, our Rochester silver and gold mine in Nevada is experiencing a rebirth as it moves ahead with a planned expansion of mining operations. Just last week, this expansion plan received a boost with the issuance of a positive Decision Record by the Nevada Bureau of Land Management (BLM). This expansion will begin adding to production levels in the fourth quarter of 2011 and will increase total average annual silver and gold production to over 2.4 million ounces and 35,000 ounces, respectively. Rochester will soon become a fourth major contributor along with the Company’s three new mines. Rochester contains a large mineral resource base, which provides for additional opportunities to further expand operations beyond this initial expansion. Since commencing production in 1986, Rochester has produced over 127 million ounces of silver and 1.5 million ounces of gold, making it one of the world’s most prolific silver and gold mines. The Company extends its appreciation to the BLM, the State of Nevada and the Nevada Congressional Delegation for its support and assistance, which will help lead to the creation of 200 new jobs at Rochester,” Mr. Wheeler added.

Coeur CEO: Global Silver, Gold Mine Supply ‘Inelastic;’ Consolidation Likely

21 October 2010, 10:57 a.m.
By Allen Sykora
Of Kitco News
http://www.kitco.com/

(Kitco News) -Global gold and silver output may be limited to current levels, with the industry unlikely to ramp up output significantly despite historically high prices, according to the chief executive of Coeur d’Alene Mines Corp.

There also is potential for further industry consolidation as mining companies look to increase their reserves, said Dennis E. Wheeler, chairman, president and chief executive officer of the company, which is based in Coeur d’Alene, Idaho.

Coeur has opened three major new mines in the last two years. Now, the company’s immediate focus is to “fine-tune” its new operations, Wheeler told Kitco News.

Demand is metals markets’ focus as gold hits record highs and silver three-decade highs. But the supply picture is also significant, Wheeler said.

“We are seeing inelastic supply curves for both silver and gold mine production,” the chief executive said. “I think we will look back and probably say 2010 was about the year we saw the total supply of silver and gold just about reach their high points. We’re seeing very few discoveries of (major new mines for) both metals.”

Potential new mines may be on the “sidelines” and ready to begin production, but the number is likely limited, Wheeler said. Furthermore, even as new mines come on line farther down the road, production will wind down at older ones.

Meanwhile, Wheeler said he looks for some mining companies to seek growth through acquisitions or other combinations, as well as undertaking investments aimed at finding new deposits.

“You’re clearly seeing that’s it’s challenging for the major gold and silver companies to maintain their reserve levels,” Wheeler said. “That basically means they are turning to…strategic decisions that the best way to grow may be through combinations with other companies.”

This no doubt will be helped along by higher revenues for mining companies due to the historically high prices they are receiving for their metals.

Wheeler said he would not be surprised to see silver in the $25 to $30 range over the next 12 months and for gold to hit $1,500 an ounce.

Coeur’s Immediate Focus Is Efforts To “Fine-Tune” Three New Mines

Coeur opened three major new mines in the last two years, and the company’s immediate focus is a continuing effort to improve these operations, more-so than future projects and exploration efforts.

“I think we’re heading into 2011 with a good wind behind our back,” Wheeler said. “Our goal three years ago was to transform Coeur into a larger-scale silver producer…We’re going to complete that mission by the end of this year.”

Coeur projects full-year silver output of 17.3 million ounces and gold output of 170,000, Wheeler said. These figures are up from 2007 totals of 11.5 million ounces of silver and 92,014 ounces of gold, as reported in the company’s fourth-quarter 2007 earnings, to compare output from three years ago. Coeur has become one of the largest primary silver-producing companies in the world.

Coeur opened the Kensington gold mine in Southeast Alaska in June, roughly two months ahead of schedule. For the first partial year, Coeur projects gold output of some 50,000 ounces, Wheeler said. The mine, which is a tunneling effort into the side of a mountain from roughly 800 feet to 2,000 feet in elevation, is then projected to provide some 125,000 ounces for 12 1/2 years. Once in full production, cash costs are forecast to average around $490 per ounce over the mine life, according to Coeur’s Web site.

This start-up came after Coeur opened two major mines in Bolivia and Mexico in the last two years.

Coeur is projecting 6.5 million ounces of silver will be mined from the San Bartolome mine in Bolivia this year. The current reserves of 120 million are in gravel deposits at the base of mountains, lending themselves to free-digging mining that can be extracted without drilling or blasting, according to Coeur’s Web site. Second-quarter production rose 79% to 1.9 million ounces from 1 million in the first.

“We’re basically near design capacity,” Wheeler said. “We do have some additional capacity there to expand production. I expect that when the final plan comes in for 2011, we will have a trajectory of higher production.”

Whereas the Kensington launch “exceeded my expectations,” San Bartolome initially had a “disappointing” start-up, Wheeler said.

“But we made steady improvements there in terms of staffing and some modifications to the plant,” he said. “Consequently, we’ve seen a ramp-up in production and a lowering of our costs. It’s well on the way to being a steady-state producer for Coeur for a number of years.”

Meanwhile, Coeur’s guidance for the Palmarejo mine in Mexico is for 6.3 million ounces of silver output this year.  The operating cost is projected at $3 an ounce, after by-product credits for gold production, Wheeler reported.

Palmarejo has the capacity to produce an average of 120,000 ounces of gold and 9 million ounces of silver annually, said the company’s Web site. Second-quarter production increased to 1.1 million ounces from 587,716 in last year’s second quarter, which was the mine’s first quarter of operations. Gold production rose to 19,950 from 9,730 in the year-ago period.

By Allen Sykora of Kitco News; asykora@kitco.com

FIRST MAJESTIC SILVER AG

First Majestic Silver is one of those companies that I bought years ago for .19 cents when it was called First Silver Reserve and had only the San Marin Mine. I knew by looking at it then it was going to be a winner. I could ramble on about the company but instead will let the below news release staste the facts on it . See thee website and decide. In my opinion this is now becoming one of the great pure silver producers and will be so for many years. For silver mining companies I give this one and others like Avino Silver also referenced herein my highest rating for future long term production and stock appreciation because of this.

FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or “First Majestic”) is pleased to announce the unaudited consolidated interim financial results for the Company for the second quarter ending June 30, 2011. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's web site at www.firstmajestic.com or on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov.

All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in US dollars unless otherwise indicated. All Cash Costs information is now being presented on a payable ounces basis consistent with the recommendations of the Silver Institute. All prior period information has been restated or reclassified for comparative purposes unless otherwise noted.

2011 Second Quarter Highlights

Cash Flow per share (non-GAAP) of $0.37 representing a 199% increase from Q2 2010

Earnings per share (basic) amounted to $0.30 representing a 150% from Q2 2010

Gross Revenue of $68 million showing a 148% increase from Q2 2010

Net Earnings after Taxes amounted to $30.6 million, a 179% increase from Q2 2010

Mine Operating Earnings of $46.8 million showing an increase of 270% from Q2 2010

Total Cash Cost were US$8.32 per ounce, up 7% compared to Q2 2010

Silver ounces produced increases by 16% to 1,780,379 compared to 1,538,798 ounces in Q2 2010

2011 production guidance remains unchanged at 8.0 million ounces of silver equivalent

Fully un-hedged to silver prices as treasury exceeds $105 million

Generated Revenues of $68.0 million for the second quarter of 2011, an increase of $12.8 million or 23% compared to $55.3 million in the first quarter of 2011 and an increase of 148% or $40.6 million compared to the second quarter of 2010. Smelting and refining charges and metal deductions decreased to 2% of gross revenue in the second quarter of 2011 compared to 6% of gross revenue in the second quarter of 2010 and 3% in first quarter of 2011. Average smelting charges for doré in the second quarter of 2011 were $0.39 per silver ounce produced whereas for concentrates they were $5.43 per silver ounce produced.

Recognized Mine Operating Earnings of $46.8 million for the second quarter of 2011 compared to $12.6 million in the second quarter of 2010, an increase of $34.1 million or 270%, and an increase of $11.2 million or 31% compared to the first quarter of 2011. The increase was attributed to a 13% increase in sales volume from the second quarter of 2010, and a 4% increase in sales volume since the first quarter of 2011. There was also an increase in realized silver prices in the second quarter of 2011, from $18.38 in the second quarter of 2010 to $39.08 in the second quarter of 2011. In comparison, the Comex average in the second quarter of 2011 was $38.42 per ounce of silver.

Earned cash flows from operations of $37.9 million ($0.37 per share) (a non-IFRS measure) for the second quarter of 2011 compared to $11.4 million ($0.12 per share) for the second quarter of 2010, an increase of 234%.

The Company generated net earnings of $30.6 million for the second quarter of 2011 compared to net earnings of $11.0 million in the second quarter of 2010 and net earnings of $23.9 million in the first quarter of 2011.

EPS for the second quarter of 2011 was $0.30, compared to EPS of $0.12 for the second quarter of 2010 and $0.24 for the first quarter of 2011.

Increased production from 1,656,165 silver equivalent ounces in the second quarter of 2010 to 1,843,830 silver equivalent ounces in the second quarter of 2011, an increase of 11%. Production was consistent with the first quarter of 2011 with a 1% increase in silver production.

Total Cash Costs per ounce (a non-IFRS measure) increased by 1% from $8.26 in the first quarter of 2011 to $8.32 in the second quarter of 2011, due to increased costs of cyanide, electricity and diesel, and a 3% appreciation of the Mexican Peso relative to the US dollar.

Cash and cash equivalents increased to $105.0 million compared to $41.2 million as at December 31, 2010 and improved working capital to $100.9 million from $46.1 million as at December 31, 2010. As of today, the current cash balance is $110 million.

IN SUMMARY

First Majestic has experienced a new record for quarterly earnings for the second quarter of 2011 due to a 113% increase in average realized silver prices over the second quarter of 2010 and a 13% increase in ounces of silver sold from the second quarter of 2010. Silver equivalent production remained steady with a 1% increase over the first quarter to a total of 1,843,830ounces in the second quarter of 2011, which is up 11% over the same quarter of 2010.

In addition to the Company’s record production and profitability, management has been focused on the current expansion taking place at the La Parrilla operation. This expansion which started in December 2010 is progressing well and the expanded flotation circuit is anticipated to start production in September while the expanded cyanidation circuit is expected to begin production in November.

At the Del Toro Silver Mine, steady progress is being made with the Company’s newest construction project. In addition, the drilling and development program which commenced in April has begun to define a large oxide resource not previously anticipated and which will be outlined in detail in an upcoming NI 43-101 compliant economic evaluation. In the interim, the re-engineering of this construction project is underway to incorporate a cyanidation circuit of 1,000 tpd running in parallel to the already permitted 1,000 tpd flotation circuit. Foundations for this new mill are scheduled to commence to be laid in September 2011.

Mr. Keith Neumeyer, President and CEO of First Majestic states, “We are witnessing before our eyes the dramatic re-rating of silver as the world awakens to its importance as a fundamental metal for the continued development of the human race. Management’s long standing belief of the importance of silver has focused First Majestic into an aggressive expansion plan, originally launched in 2004, and which continues today. We are maintaining our production target of eight million equivalent ounces of silver for fiscal 2011; however, shareholders should expect higher cash costs due to the weakness in the US dollar, higher cyanide, petroleum and electrical prices, and extra security costs. We remain very focused on reducing, as much as possible, the approaching cost increases inherent in the current mining environment, but we also realize that a greater focus on our aggressive growth strategy will mitigate these cost increases to yield economies of scale which is of greater importance in the longer term.”

First Majestic is a producing silver company focused on silver production in México and is aggressively pursuing its business plan of becoming a senior silver producer through the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its aggressive corporate growth objectives.

FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807.

Goldrich Mining Company OTC.BB:GRMC

This press release says it all with estimates of 30,000 oz/year for a mine life of 13 years, do the math just plug in the current and future gold price. The mine is in operation as a large scale placer operation with little overhead cost of deep hard rock mining operations. They know the area well and no one up there to bother them. Clear sailing for the next 13 years with increased production every year. Potential to expand this to more placer deposits exist along with the shallow shaft hard rock mining of the deposits where the placer gold came from also which could be done year round as an under ground operation. Potential is excellent for many years. Expect huge price gains in the net two years. With 69300 shares I purchased at .048 cents per share the profit margin is tremendous. This will end in the $10 to $50 dollar a share in current dollars before the gold mania settles to it's highs in the next few years. These people have struggle in the far Alaskan north above the article circle for years when the company use to be called Little Squaw Mining Company. They are tough and the pay off will come in the next few years. This is one of those companies do to the limited seasonal operation that you can trade in and out of as the winter time after they have sold their concentrate in the Fall months, the price will drop down some. As the Gold prices go more parabolic in the next few years and as the company learns more how to mine in extreme weather and particularly when they go under ground more for the hard rock aspect, then these price fluctuations will tapper off. I was up there myself in that area before you were born and prospected it myself but found they had already filed the claims on it. With only Shares Outstanding 48,255,603 a/o Aug 23, 2010, which is a tiny amount of shares and increasing income from production for expansion and no debt that I know of, this will be one of the big percentage gainers two years from now.

INSIDER BUYING

As of 05/16/2011 there are 76,763,514 shares outstandaing

CEO of (GRMC) William V Schara buys 510,000 shares of GRMC on 05/27/2011 at an average price of $0.21 a share.

.

CEO Recent Trades:

• Buy: CEO William V Schara bought 20,833 shares of GRMC stock on 12/13/2010 at the average price of 0.23. William V Schara owns at least 1,220,833 shares after this.

CFO Recent Trades:

• Buy: CFO Ted Riley Sharp bought 160,000 shares of GRMC stock on 05/27/2011 at the average price of 0.21. Ted Riley Sharp owns at least 413,182 shares after this.

Directors and Officers Recent Trades:

• Buy: Director James K Duff bought 25,000 shares of GRMC stock on 05/27/2011 at the average price of 0.21. James K Duff owns at least 237,903 shares after this.

• Buy: Director, 10% Owner David Atkinson bought 20,833 shares of GRMC stock on 12/13/2010 at the average price of 0.23. David Atkinson owns at least 6,402,765 shares after this.

• Buy: Director Kenneth S Eickerman bought 20,833 shares of GRMC stock on 12/13/2010 at the average price of 0.23. Kenneth S Eickerman owns at least 70,833 shares after this.

• Buy: Director William Orchow bought 20,833 shares of GRMC stock on 12/08/2010 at the average price of 0.23. William Orchow owns at least 203,333 shares after this.

• Buy: Director Kenneth S Eickerman bought 20,833 shares of GRMC stock on 12/08/2010 at the average price of 0.23. Kenneth S Eickerman owns at least 70,833 shares after this.

Press Release Source: Goldrich Mining Company On Tuesday October 19, 2010, 9:20 am EDT

SPOKANE, WA--(Marketwire - 10/19/10) - Goldrich Mining Company (OTC.BB:GRMC - News) (the "Company") completed its first season of commercial gold production at its Little Squaw Creek gold mine, Chandalar, Alaska. The Company produced 1,522 ounces of gold (plus 259 ounces of silver) for the season, which ended on September 23rd.

Gold production progressively increased as mine infrastructure improved and overburden was removed. Goldrich produced approximately 346 ounces in July, 498 ounces in August, and 678 ounces in September, of which 523 ounces, or 34% of the season's total production, was produced in the last 15 days. The normal season for alluvial gold production in Alaska is from mid-June to mid-September plus two additional months for stripping of over-burden in May and October.

The Company had originally planned a larger scale operation but lack of sufficient financing at the beginning of the season prevented this. However, with the finances that were raised, Goldrich moved forward to mobilize a beginning mining equipment fleet, completed a mine infrastructure compliant with MSHA, stripped sufficient overburden to expose pay gravel, and began producing gold.

Information from this year's operating season will be used to update the 2009 preliminary assessment report. The preliminary assessment shows a 13-year mine life with production reaching 30,000 ounces of gold per year. Drilling has established the deposit contains more than 10.5 million cubic yards of mineralized material at an average grade of 0.02456 ounces gold per cubic yard. The deposit is open for expansion with additional drilling.

William Schara, CEO of Goldrich, notes, "We finished the season strong. We took the first steps in making the mine a long-lived profitable operation for Goldrich and its shareholders. This year's operation further confirmed the nature of the alluvial gold deposit, and we are well poised to resume production and benefit from the experience we have gained."

GREAT BASIN GOLD

Great Basin Gold is a mining company engaged in the development and exploration of Gold properties. The company is currently in late stage development at two projects in the world’s two most well known gold producing regions, with a substantial resource base of 13 million ounces in the measured and indicated category. The Hollister project is located on the Carlin Trend in Nevada, USA and the Burnstone project, is located on the Witwatersrand Basin in South Africa. Great Basin Gold plans to become a mid-tier gold producer through a well-defined strategy of developing their near term production projects into high margin mining units while increasing reserves and resources base through focused exploration programs.

For the past four years Great Basin has focused on two advanced stage gold projects, the 1Hollister Property on the Carlin Trend in Nevada, USA, where underground exploration and development has been underway on a portion of the property called the Hollister Development Block (“HDB”) and also at the 1Burnstone Project in the Witwatersrand goldfield in South Africa. Feasibility studies have been completed on both projects, and they are in the underground access and pre-production phase. The company announced that the Burnstone Metallurgical Plant project achieved a major milestone with the first gold pour completed on October 31, 2010. Ferdi Dippenaar, President and CEO, commented: "Good progress continues to be made with the commissioning of the Burnstone Metallurgical Plant. The first gold pour is always a significant milestone and attention has now shifted to the commissioning of the CIL process and the remaining infrastructure. Operationally, the metallurgical plant commissioning has gone well with no major incidents causing significant delays."

On November 9, 2010, Vancouver, BC the company announced that trial mining in the Blanket Zone above the Main Clementine vein #18 at its Hollister project in Nevada has encountered bonanza grades of gold and silver. The Company cautions investors and readers that we are making this announcement out of an abundance of concern over interpretation of this information and, as the information may be known locally in the region of the mine site, the Company felt obligated to make it public. Channel sampling carried out in conjunction with trial mining in the Blanket Zone has encountered the bonanza grades over a strike distance of 170 feet (57 meters). Channel samples taken every 10 feet (3 meters) gave values ranging from a low of 1.5 oz/ton (52.0 g/t) Au and 3.2 oz/ton (111.9 g/t) Ag to a high of 2,560.4 oz/ton (88,845.9 g/t) Au and 1,829.8 oz/ton (63,494.1 g/t) Ag over channel widths from 0.3 to 2 feet wide. The current stope is continuously mineralized along its 180-foot (60-meter) length. Diluted over 3.5 feet (the width of the stope development), the average sample values were 66.4 oz/ton (2,404 g/t) Au and 78.5 oz/ton (2,723.9 g/t) Ag. Muck piles have also been sampled; grabs are taken over the pile to collect as representative a sample as possible (between 10-15 lb. Are collected every 10 feet). The fully diluted value of the muck samples taken from the stope to date averages 22.3 oz/t (773.8 g/t) Au and 23.4 oz/ton (811.9 g/t) Ag.

CONCLUSION

The Company is currently focused on bringing two mines in the world’s two richest gold producing regions into production. The Hollister gold project is located on the Carlin Trend in Nevada, USA and the Burnstone gold mine is located in the Witwatersrand Basin goldfield of South Africa that is now in operation. With 13 million oz in reserve at the minimum this company will be at the top of the list of premier precious metal mining companies in the world and stock price is expected to be well over a $100 per share within 3 years considering the precious metal boom has only really just begun.

Great Basin Gold provides operational update

Canada NewsWire VANCOUVER, Aug. 4, 2011

REPORTS 100% INCREASE IN REVENUE

VANCOUVER, Aug. 4, 2011 /CNW/ - Great Basin Gold Ltd. ("Great Basin Gold" or the "Company"), (TSX: GBG; NYSE Amex: GBG; JSE: GBG) reports an operational update for the 3 months ended June 30, 2011. The Company will file its interim financial statements for Q2 2011 on August 15, 2011 and will hold an earnings call on August 16, 2011 at 9 am (EST).

Great Basin Gold returned a much improved quarter in respect of Au and Ag ounces sold which combined with an expected improvement in cash costs should allow the Company to report adjusted earnings per share for the quarter (Q1 2011: adjusted loss per share of $0.01).

Hollister
The Nevada operations recorded $49 million in revenue during the quarter on record sales of 34,522 Au eqv¹ oz, an increase of 100% quarter on quarter. During the continuing construction and installation of the acid wash and carbon regeneration system at the Esmeralda Mill, loaded carbon is sent to the refiner as opposed to dore. Improved refining terms resulted in a decrease of approximately 5,000 Au eqv oz in inventory held at the refiner from Q1 2011. The Esmeralda Mill treated 22,237 tonnes during the quarter (Q1 2011:21,634) with a marked improvement in Au and Ag recoveries of 95% and 75%. Cash production costs for the quarter is expected to improve a further 8% quarter on quarter to approximately $611 per Au eqv oz  in Q2 2011.

Underground exploration and stope delineation drilling continued during the quarter, with a record footage of 45,000 feet or 13,636 meters completed from 84 boreholes. The focus has been on completing phases of drilling on the Blanket Zone and south east Gwenivere targets, providing further data for incorporation in the upcoming mineral resource update (anticipated release date September 2011). The stope delineation drilling has continued to tighten up controls for short interval trial stope planning. Surface exploration has continued collating geological and geophysical data as well as reviewing surface expressions of interpretations with structural and geological observations.

Burnstone
Operational efficiencies at Burnstone improved significantly with mechanized ore development increasing by 33% quarter on quarter to 1,550 meters in addition to 1,872 meters of waste development completed during the quarter. The increase in ore development allowed for an increase of 36% in the square meters stoped quarter on quarter. Despite the relatively close drill spacing in the current mining area, the exact position and orientation of geological faults could not be identified earlier as most of these are of a graben nature. Additional infill and delineation drilling as well as extensive mapping and interpretation of the structural information from the over 10 kilometers of underground development, now provides management with more detailed data to incorporate these faulting into the mine plan. An additional 66% waste development was completed during the 6 months ended June 30, 2011 in response to the geological faulting encountered compared with the original planned meters.

Excellent progress has been made with long hole stoping as the mining method, with the efficiency of the teams improving on a monthly basis. The improved hanging and footwall conditions experienced in the C block allowed for a significant improvement in decreasing the stoping width which was measured as low as 67 cm in some stopes. This also had a positive impact on the mining grade of stope material which improved 60% from Q1 2011.

The Metallurgical Plant is performing in line with expectation with approximately 202,660 tonnes processed during the quarter (Q1 2011:199,878 tonnes).Tonnes processed however remain predominantly from development ore which includes more dilution than stoped material and negatively impacts on the mill head grade. Recoveries for the quarter improved to 85% (Q1 2011:83%) although still impacted by the low head grade ore delivered to the mill.

Recoveries are expected to improve to the planned 95% as the head grade increases. The impact of the lower head grade is reflected in the 5,619 Au ounces sold (Q1 2011:2,794 Au eqv oz) as well as the cash production cost per ounce of approximately $1,450 (ZAR 10,130) expected for the quarter. During the build-up phase a more accurate measurement is cost per tonne which improved 12% to approximately $60 (ZAR420) (Q1 2011:$68) per tonne for the quarter.

_________________________
¹ Au eqv oz is calculated based on US$1,400Au and US$30Ag.

Corporate
The Company, with the assistance of RBC Capital markets, offered a $0.07 per warrant early exercise discount to holders of the $1.25 warrants expiring November 2011. Ten million of the warrants were exercised prior to June 30, 2011 with another 9.2 million warrants exercised subsequently, leaving approximately 223,000 warrants to be exercised prior to expiry on November 15, 2011.

The Company had approximately $38 million in cash reserves on June 30, 2011 and has also negotiated a US$40 million standby debt facility with Credit Suisse AG. This facility will be available in the event that additional working capital is required at Burnstone as a result of the slower than planned production build-up. Legal documentation is nearing completion with the targeted signature date being mid-August, 2011.

Ferdi Dippenaar, Great Basin Gold President and CEO, commented: "Although experiencing the usual challenges with bringing a new mine into production, Burnstone is settling into a production rhythm and although the progress made by the team on a monthly basis is reassuring, it is not yet at planned levels.   The need for additional waste development to access the mining blocks impacted negatively on ore development which in turn impacts on stopes available for mining. Production for the remainder of the year will unfortunately be impacted by this approximate 3 month delay in ore development and we expect to recover between 50,000 to 60,000 Au oz for the second half of the year and an estimated 60 000 to 70 000 ounces for the 12 month period. The Nevada operations showed improvements in a number of areas during the quarter, notably in ounces extracted through trial mining as well as the improved recoveries at our Esmeralda Mill. The latter improvement is especially pleasing with the impact already evident in the reduced cash costs and the increased ounces delivered to the refinery. The current performance from our Nevada operations and the standby debt facility provides the Company with adequate cash resources to fund the delayed production build-up at Burnstone. Our short to medium term focus at both of these operations remains to increase production, manage costs and unlock the intrinsic value of these quality projects."

Johan Oelofse, Pr.Eng., FSAIMM, Chief Operating Officer of Great Basin Gold, and Phil Bentley, Pr. Sci. Nat., Vice President: Geology & Exploration, Qualified Persons as defined by regulatory policy, have reviewed and assumed responsibility for the technical information contained in this release.

IAM GOLD IAG

IAMGOLD (www.iamgold.com) is a leading mid-tier gold mining company producing approximately one million ounces annually from six gold mines (including current joint ventures) on 3 continents. IAMGOLD is uniquely positioned with a strong financial position and extensive management and operational expertise. To grow from this strong base, IAMGOLD has a pipeline of development and exploration projects and continues to assess accretive acquisition opportunities. IAMGOLD's growth plans are strategically focused in West Africa, select countries in South America and regions of Canada. IAMGOLD also operates Niobec, a niobium mine in the Canadian province of Quebec.

IAMGOLD Reports 223% Increase in Second Quarter Net Earnings From Continuing Operations

2011-08-10 17:45 ET - News Release

TORONTO, ONTARIO -- (MARKET WIRE) -- 08/10/11

All amounts are expressed in U.S. dollars, unless otherwise indicated.

Footnotes have been placed below the last table in the release.

IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) today reported its unaudited consolidated financial and operating results for the second quarter ended June 30, 2011.

Net earnings attributable to equity shareholders were $478.9 million ($1.28 per share) in the quarter, including the gain of $402.6 million from the sale of the Tarkwa and Damang mines. Adjusted net earnings from continuing operations attributable to equity shareholders(1), which excludes the Tarkwa and Damang mines as well as the Mupane mine reclassified as a discontinued operation, were $69.7 million ($0.19 per share) compared to $19.3 million ($0.05 per share) in the second quarter of 2010.

IAMGOLD's Rosebel Gold Mine Resumes Operation

2011-08-03 08:56 ET - News Release

TORONTO, ONTARIO -- (MARKET WIRE) -- 08/03/11

IAMGOLD Corporation (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) ("IAMGOLD" or the "Company") announced that a 36-hour work stoppage of the mill at the Company's Rosebel Gold Mine in Suriname ended this morning when agreement was reached with regard to a possible change in shift scheduling. The Company and union have committed to continue to meet, starting immediately, to resolve all outstanding issues. Rosebel has resumed operation and is on target to meet its 2011 production guidance of between 360,000 and 380,000 ounces of gold.

Infinito Gold 5000 IGFFF

THIS COMPANY HAS A LOT OF POSSIBILITIES IF IT GETS THE LATIN BANDITS OFF IT'S BACK. THE CRUCITAS MINE IN COSTA RICA IS BEING HELD UP FOR PRODUCTION BUT THE BANDITS MAY BE CRUSHED SOON. THEY HAVE 2 OPEN PIT MINES IN THE PLANNING WITH MILLION PLUS RESERVES AND MORE BEING DISCOVED IN DRILLING AND LOW COST OF PRODUCTION PER ONCE WHEN THESE OPEN PITS ARE IN OPERATION. THEY ARE NOT IN OPERATION YET BECAUSE OF THE LATIN BANDITS BUT WHEN THEY DO THEY SHOULD HAVE SMOOTH SAILING AND HOPEFULLY SOME PAY BACK IN A LAW SUIT AGAINST THE GOVERNMENT AND THE CORRUPT OFFICIALS. THE COMPANY HAS FILED BOTH CIVIL SUITS AND REQUEST FOR CRIMINAL INVESTIGATION REGARDING THE FORMER PRESIDENT AND HIS GANG OF BANDITOS AND THE SUPREME COURT OF COSTA RICA HAS SIDED WITH THE COMPANY BUT AS USUAL IN CENTRAL AMERICA THINGS MOVE SLOWLY . THE COMPANY WILL MINE EVENTUAL AND MAY GET FINANCIAL COMPENSATION FOR SEVERAL YEARS OF LOSS BUT THIS WILL WORK ITSELF OUT WHEN IT DOES.

ON TOP OF THIS IS THE CRISTINAS CLAIM IN VENUEZALA ONE OF THE GIANT ONES NOW IN ARBITATION AND IS EXPECTED TO BECOME THE SA EL DORADO OF GOLD MINES. BIG PAY BACK ON THIS IN TIME BUT THE QUESTION IS HOW MUCH TIME BECAUSE YOUR DEALING WITH YET ANOTHER EVEN BIGGER BANDITO IN CHAVES AND UNTIL HE IS GONE I EXPECT LITTLE TO HAPPEN.

65% OF THE COMPANY IS HELD BY 2 BUSINESS GROUPS AND FUNDED BY THEM AND CORPORATE OFFICERS ARE BUYING STOCK. SO YOU HAVE A COMPANY THAT I BOUGHT INTO CHEAP AT THE TIME $.28 PER SHARE THAT WAS HEADING FOR A LONG PROFITABLE LIFE AND HUGE SHARE PRICE EXPECTED AND THEN THE VENZUELA BANDITO CHAVES ILLEGALY CONFISCATED THE MASSIVE CHRISINAS PROPERTY AND SHORTLY AFTER THAT THE CORRUPT PRESIDENT OF COSTA RICA REFUSED THE IN PROGRESS DEVELOPMENT OF THE 2 OPEN PIT MINES AT THE CRUCITAS PROPERTY. TOTALLY UNEXPECTED AT THE TIME BUT NOT UN LIKE THE LATIN CULTURE. THIS IS WHY THERE IS NEVER ANY GREAT TECHNOLOGY ANDVANCEMENTS THAT COME OUT OF LATIN AMERICA, BECAUSE REAL PROPERTY OR THE RIGHTS TO IT ARE NEVER CERTAIN.

THEY RECENTLY SOLD THERE GUYANA PROPERTIES(SEE NEWS RELEASE) I EXPECT TO COVER EXPENSES AND TO FOCUS ON THE COSTA RICAN PROPERTY THAT IS BEING HELD UP.

OVER VIEW

Infinito Gold Ltd. is a publicly traded gold exploration & development company based in Calgary, Canada, in the process of transisting from junior explorer to gold producer.

The development of the company's flagship Crucitas Mine is in Costa Rica, has been delayed due to various legal challenges which the company is currently working through.

Infinito Gold has an arbitral claim against the Government of Venezuela being heard before an International Arbitration Tribunal seeking ~US$ 1 billion in damages and lost profits arising from the expropriation of its Las Cristinas deposit which contains an estimated 12 million ounces of gold.

Guyana Frontier Closes Guyanese Assets Purchase from Infinito Gold

PR Newswire Posted 4:12 PM 02/23/11

VANCOUVER, Feb. 23 /PRNewswire-FirstCall/ - Guyana Frontier Mining Corp. (TSXV: GYG) ("Guyana Frontier", or the "Company", formerly Shoreham Resources Ltd.) and Infinito Gold Ltd. ("Infinito") have closed the transactions contemplated by the definitive purchase and sale agreement (the "Agreement") executed by the parties on December 22, 2010, and reported in a news release by the Company on December 23, 2010.

Under the terms of the Agreement, Guyana Frontier has acquired (the "Acquisition") 100% of the issued and outstanding common shares of Infinito's subsidiaries in Guyana and Aruba (the "Infinito Subsidiaries"), which directly and indirectly hold 100% interests in the Marudi Mountain and Paint Mountain and the Potaro mineral concessions (the "Concessions"). The Agreement replaced and superseded existing option agreements between Guyana Frontier and Infinito in respect of the Concessions which were announced in the Company's news release dated March 27, 2007, and which were terminated on the closing of the Acquisition.

Total consideration paid by Guyana Frontier to Infinito for the Acquisition is US$500,000 in cash, of which US$100,000 was advanced as a deposit on August 17, 2010, and the remainder of which was paid on the closing of the Acquisition, and 1,600,000 common shares of Guyana Frontier, which were issued on the closing of the Acquisition.

Infinito has been granted a 2% Net Smelter Returns ("NSR") royalty for all future mineral production from the Marudi Mountain and Paint Mountain Project to a maximum of US$3,000,000, and a 2% NSR royalty for all future mineral production from the Potaro Project, to a maximum of US$2,000,000.

Infinito Gold files to annul Tribunal ruling

2011-01-18 18:41 ET - News Release

INFINITO GOLD FILES TO ANNUL THE TRIBUNAL CONTENCIOSO ADMINISTRATIVO RULING

On Tuesday, Jan. 18, 2011, Infinito Gold Ltd.'s wholly owned subsidiary in Costa Rica, Industrias Infinito S.A. (IISA), filed a request for annulment with the Administrative Law Chamber of the Supreme Court of Costa Rica (SALA I) against the sentence imposed by the Tribunal Contencioso Administrativo (TCA) on Nov. 24, 2010. In addition, several government agencies involved in the Crucitas project approval process have filed for annulment along with several individuals directly affected by the ruling.

The filing of the annulment seeks to overturn the ruling which annulled the exploitation concession of the company's Crucitas gold project. In addition, the ruling invalidated the original approval of the environmental impact study received in December of 2005 during the Abel Pacheco presidency, the amended environmental impact study received in February of 2008, and the Presidential Decree declaring the project to be in the national interest received in October of 2008. The ruling also recommended that the office of the Attorney General investigate possible criminal action against former President Arias, former environment minister Dobles, several government officials, a former employee and a former consultant of the company. The company strongly denies any allegation of wrongdoing throughout the project approval process in Costa Rica and will consider all legal options, in addition to the filing of the annulment, in defending itself and the interests of its investors and employees.

183 MILLION SHARES FULLY DILUTED

MAJOR SHARE HOLDERS

EXPLORAM -ASSOCIATED WITH R.N. MANNIX 50% OF SHARES FULLY DILUTED

AURO- ASSOCIATED WITH S.G. DEAN 15% SHARES FULLY DILUTED

DEBT C$26 MILLION CONVERTIBLE DEBENTURES – EXPLORAM AND AURO

C$11.5 PROMISSORY NOTES TO EXPLORAM

DEVELOPMENT PROJECTS

CRUCITAS PROJECT COSTA RICA

1,200,000 indicated oz Au @ 1.32 g/t

• Bankable feasibility study: 35% IRR (after tax)

• US$ 66 million capital required

• Exploitation permit in hand

• Environmental permits in hand

• 7,500 tpd mill purchased and being delivered to Costa Rica

• 18 month construction window

• Strong potential to expand resource:

  • 1,241,000 inferred oz Au @ 1.28 g/t (Crucitas)

  • 469,000 inferred oz Au @ 4.5 g/t (Conchudita area)

  • Large exploration concession area (~800 km²)

Infinito Gold recently announced revised economic numbers that show a sharp increase in total gold to be produced (from 637,000 to 940,000 oz.) and NPV (more than triples to $127,613,000). Said Morgan, “building on that [success], we contracted Micon International to work on the feasibility study; to look at the economics of putting those resources into a mine plan, looking at them as reserves and seeing what the economics would be like to extract those resources.”

Infinito published a news release on July 17, broadcasting exciting results. “We used a gold price of $750.00 an ounce,” explained Morgan, “Micon estimates that our mining costs net of silver credits will be $342.50 an ounce, which is very competitive today.”

He attributed low mining costs to the fact that the strip ratio at Crucitas is extremely low. “Micon estimates that we will have .6 of a ton of waste to move for every ton of ore that goes to the mill. So our ratio is .6 to 1; less than 1 to 1. In addition, the gold recovery will be very high.”

Micon estimates that the Company’s pre tax and pre CAPEX cash flow from the project will be over $356 million USD, and cash flow after tax and CAPEX will be approaching $200 million. “So the project is very exciting, and it looks like it’s going to be economically viable,” said Morgan, noting that new capital costs and operating costs are being used, and they’ve reflected the increased cost of all commodities, including steel. “We believe in these costs and, in fact, we built in an over $6 million contingency in our CAPEX.”

Since June, the Crucitas mine and related infrastructure have been under construction. Morgan predicted that the mill will be operational by the end of 2009; and in the first full year of production, the mine may be producing over 100,000 ounces.

“It’s the function of the relatively low capital costs, and you have your slightly higher grades and slightly higher throughput in the early years of the project, which helps with your rates of return,” Morgan explained.

Morgan pointed out that in Infinito’s resource report, it had been estimated that the Company had 1.21 million ounces of inferred resources in addition to the 1.24 million ounces of indicated. “We are going to be doing a drilling program to try to transfer that resource – from inferred to indicated, and then into a mining reserve. And we are hopeful and expectant that the total resource base that will be available for mining will expand. Obviously, the feasibility study was just done using the indicated resources as a base, and that transfers into just about 1 million ounces of mineable reserves. But we are hopeful that definition and infill drilling will actually increase that substantially.”

Located in an underdeveloped part of Costa Rica, close to the Nicaraguan border, local communities are supporting the project with the hopes that it will bring economic development. “We're improving the road, which has been a serious issue, especially during the wet season there,” said Morgan, noting that the mine will also provide power, internet and cable service, and, most importantly, over 200 jobs. “We have a commitment to hire locally to the extent that we can, and the people are very excited about this because the industries there are agriculture and the plantation forestry. So this is an area that needs economic development.”

Morgan noted, however, that Costa Rica itself is a stable, business-friendly country. “They have very strict and well-enforced environmental laws, with which we're totally compliant, and we think it’s a good place to do business,” said Morgan. “We have good relations with the relevant departments in mining and the environment and the local political infrastructure.”

The Republic of Costa Rica’s current president is Mr. Oscar Arias, who was president of the country back in the 1980s. “He was partially responsible for brokering the peace between the Sandinistas and the Contras in Nicaragua. And for that, he received a Nobel Peace Prize,” noted Morgan, adding that Costa Rica is part of the Central American Free Trade Agreement. “It’s a very progressive and competent government.”

The mine may be many months away from completion, but some on-site drilling has already begun. “We are using a small portable drill,” said Morgan, “but the full infill drilling will commence once we have the local permit that is required to remove the tree cover that covers the two ore bodies: Botija and Fortuna, because this is not virgin tropical rain forest. It has been partially harvested, but it has re grown somewhat, so we have to cut trees to get in there to get the drill rigs into position, and that requires a local permit which we are currently working on.”

A geologist trained at the University of British Columbia, Morgan joined Vannessa Ventures as its president in 2004. He spent the bulk of his 30-plus year career in mining with Manalta Coal Ltd., which was the largest coal mining company in Canada until it was taken over in the mid-‘90s. More recently, Morgan served for four years as Vice President Operations in charge of a large tonnage coal operation in Venezuela, known as the Paso Diablo mine.

Chairman and Director Steven Dean recently joined Infinito’s board of directors and is also associated with a company that is a significant shareholder as well, said Morgan. Dean formerly served as President of Teck Cominco Ltd., was the Executive Director and Chief Financial Officer of the Australian gold group Normandy Mining Ltd. and is a director and Chairman of a number of public companies.

John Thomas, VP of Operations is based in Costa Rica. “He’s fluent in Spanish, having worked in Venezuela for many years, and he’s been on site for several months now,” said Morgan. “We have a good management team, well connected and well versed in how to operate and do business in Costa Rica. “

Costa Rica recently lifted the moratorium on open mining, which had no effect on Crucitas, but Morgan acknowledged that this will add value and interest to future projects in the area. “We're excited not only in the Crucitas project, but it’s a potential we have in the land surrounding it for incremental discovery.”

INFINITO GOLD LTD.
http://www.infinitogold.com/

John Morgan
President and CEO

OTHER PROJECTS

LAS CRISTINAS - VENEZUELA

In July, 2001 Infinito Gold purchased Placer Dome de Venezuela, giving the Company a 95% interest in the Las Cristinas concession. Placer had done extensive work on the concession, confirming a reserve of at least 12 million ounces of gold.

In November, 2001, the Venezuela National Guard physically confiscated the Las Cristinas concession without compensation.

In May, 2002, Infinito Gold filed a formal notification of international arbitration under the Bilateral Trade Agreements (FIPPA). The initial value associated with the Company's claim for damages and lost profits is ~approximately US$ 1 billion. Any awards arising from the claim will be shared with other shareholders or royalty holders in accordance with pre-existing contractual rights.

Coming within sight of a legal El Dorado

JACQUIE McNISH

00:00 EDT Wednesday, October 29, 2008

The first thing employees noticed when a stream of military vehicles pulled into a Venezuelan mining

exploration camp in the late fall of 2001 were the automatic rifles carried by dozens of National Guard

soldiers. The second was the government notice ordering everyone off the site.

Some mining workers laid down their tools, others packed their belongings and one was stranded on a

nearby road after his truck was halted and seized. By the time that November day was over, the staff of

Vancouver-based Vannessa Ventures Ltd. found themselves on the outside of the remote camp looking

in at what is believed to be South America's richest gold deposit, a discovery with so much potential that it

has been compared with the fabled city of gold, El Dorado.

Today, Venezuela's storied Las Cristinas gold deposit represents another motherlode, this time a legal El

Dorado that is beginning to strengthen the weak hand of Canadian companies against fickle foreign

governments and state agencies.

Vannessa, which recently changed its name to Infinito Gold Ltd., has spent seven years and hundreds

of thousands of dollars in legal fees on nearly a dozen legal proceedings before unsympathetic

Venezuelan courts to claim more than $181-million it says it invested in the mining camp. Is it a doomed

legal quest against the entrenched populist regime of Hugo Chavez? Until a few months ago, the answer

would have been a decisive "yes."

In one of the first wins for a Canadian company against a hostile foreign state, a tribunal of the

International Centre for Settlement of Investment Disputes ruled in August that the Vancouver company

had the right under a bilateral investment treaty with Venezuela to have the merits of its claim heard

before one of its arbitration tribunals. That hearing is not expected to begin until December, 2009.

Infinito's win is just one step in a long legal journey. But, according to legal experts, it is a big step. Only

one other Canadian group of investors is believed to have successfully used the lever of a bilateral treaty

to prevail against a foreign government, this time against Hungary for improperly seizing control of a

Budapest airport terminal. That $83-million (U.S.) victory in 2006, combined with Infinito's jurisdiction win,

signals that the International Centre for Settlement is increasingly prepared to stand up against foreign

investment seizures.

"The legal system of Venezuela failed to provide protection to our clients," said Torys LLP litigator John

Laskin, who, along with his partner John Terry, has been arguing Vannessa's case for five years. "The

tribunal's decision shows the potential of these treaties to provide real protection for Canadian

businesses," he said.

At the heart of the mining company's jurisdiction win is a Bilateral Investment Treaty, one of an estimated

1,500 bilateral treaties that Canada and other industrialized countries began signing with emerging

countries in the early 1990s to provide a legal safety net to companies and investors venturing into risky

political regions. Like many bilateral treaties, Canada's 1996 accord with Venezuela was designed to

promote and protect foreign investments.

For the first decade, disputes under the treaties were rare. But as commodities prices went into orbit in

recent years, multinationals came under increasing political scrutiny in developing countries as their

profits from local resource projects soared. Some countries such as Venezuela lowered the boom and

nationalized foreign-controlled oil and gas and mining projects. Others increased taxes or demanded

more royalties.

A growing number of companies are challenging the resource grabs by filing claims with the International

Centre for Settlement, which has effectively become the global referee for companies or investors who

cry foul under bilateral treaties. Most of the arbitration decisions are public, which Torys' Mr. Terry said "is

building an important body of precedent that is helping to reinforce the rule of law" in treaty investment

disputes.

When companies take their claims to arbitration hearings, tribunal decisions tend to hang on

interpretations of corporate contracts with foreign nations and the wording of underlying bilateral treaties.

In Infinito's case, Venezuela argued that it had legally ejected the company because control of the Las

Cristinas mining claims had previously changed hands between Vancouver companies. The tribunal,

however, found that there were no provisions within the mining claims contract that entitled Venezuela to

block the transfer.

Such decisions are putting increased pressure on countries to negotiate settlements with aggrieved

investors, even pint-sized junior mining companies such as Infinito. Before the advent of bilateral treaties,

stranded Canadian companies' only recourse was on long-shot federal diplomacy.

Yves Fortier, a partner with Ogilvy Renault LLP and a respected author of many international arbitration

decisions, said "scoundrel" governments are finding it much harder to ignore arbitration hearings and

awards.

"Sooner or later, countries need to borrow money from international investors so they will only be able to

refuse to honour arbitration decisions for so long."

OTHER ASSETS

Nicaragua - Zungano Project

• Gold prospect, 25,000 ha

Brazil

• 15 exploration concessions totaling 150,000 ha

Madison Minerals MMRSF

Because of the two-decade bear market in the gold and silver sector which has now been proven by the Gate organization to have been caused by illegal collusion by the world central banks , the capital investment from the senior precious metals companies exploration programs collapsed. During that same period, only high-grade gold was mined in a process known as “high grading”. Companies fought for their very survival by mining their high grade ore that was easily assessable when gold was at historically low prices. The result is that their major reserves and resources have been severely depleted so they are constantly on the lookout for new discoveries to replenish their asset base.

The senior companies that need large deposits due to economies of scale are currently scrambling to buy up the junior exploration companies with large deposits that will be viable within their operation and organizational structures. What is just beginning and will continue for the next ten years is the last great gold rush(all precious metals) and to be followed later by the rare earth metal rush on this earth. This will build into a feeding frenzy in the next two years for the last great asset grab on earth in the metals. This is one of the compelling reasons for Madison’s ultimate success in addition to the fact that they have a management team that is proven and successful. This is a team that has made a practice of finding quality properties close to or contiguous to those successful projects operated by senior mining companies. Mergers and acquisitions will continue to dominate the industry as the senior mining companies seek to increase their depleted resource base with companies like Madison Minerals.

This company has been building a foundation for many years based in trust, projects, exploration, evaluation, and joint ventures. This long term patience in company building by Madison has built a large base of loyal shareholders who know what is going to occur when projects like the Lewis project is fully realized. Madison is going to be an overnight success once they are recognized by investors for the company has spent the last tens years reaching the point they are at now. Quality projects usually take a great deal of money and a great deal of time. Madison has expended both on their major projects and that gives them excellent value at this stage of the game. I fully expect that the company will be bought out by either Newmont or Barrick for the known resource base of Madison and that today's share holders will be owners of stock in the winning company. Madison in the coming months is just waiting of it's share price to rise for better parity stock swap from it's Prince Charming. Buy Madison at these cheap prices before it goes up and get an incredible stock swap deal from either Barrick or Newmont in the next 12 months. With only 37.4 issued and outstanding shares and a total of 41.7 fully diluted as of May 2010, the stock swap will be an incredible deal for current Madison stock holders.

Madison Minerals Inc.is a gold and silver exploration company with two key assets in its portfolio. Both projects are strategically located next to gold mining projects owned and operated by senior gold mining companies and both projects possess enormous potential.

Mt. Kare Property, Papua New Guinea

The Mt Kare project in Papua New Guinea (PNG) has a resource of approximately 2 million ounces of gold and 20 million ounces of silver. The property is contiguous with and shares a similar geological and structural setting as the world-class Porgera Mine (8.2 million ounces of gold in reserves) owned and operated by Barrick Gold. Mt. Kare hosts an NI 43-101 compliant indicated resource of 1.4 million ounces of gold contained in 18.83 million tonnes grading 2.31 g/t gold and 17.31 g/t silver, using a 1 gram gold-equivalent cutoff grade, plus another 288,000 ounces contained within an inferred resource of 5.75 million tonnes at 1.56 g/t gold and 9.5 g/t silver. Madison worked on the Mt Kare property for close to ten years and has spent in excess of $33,000,000 Canadian to date. Madison Minerals presently owns a 100% interest in the Mt. Kare Property, which includes a 10% interest held in trust for local landowners.

F.W. Lewis property in Nevada

The second asset is the F.W. Lewis property in Nevada and it directly abuts Newmont Mining’s Phoenix-Fortitude complex that has over 6,000,000 ounces of gold in its resource base, millions of ounces of both gold and silver having been already produced. The company traced the extension of the Virgin Zone north from the Newmont boundary onto the Lewis Property for at least 4.5 kilometers, of which only a small portion has been drill-tested to date. Madison's drilling has also tested a series of associated structural splays, one of which returned bonanza grades of 17.5 g/t gold and 48.1 g/t silver over 32 meters at its intersection with the Virgin Zone.

Belencillo Project, Panama

Madison Minerals, through a wholly owned Panamanian subsidiary, holds a 31.12% interest in the Belencillo Concession situated in the Petaquilla Mineral District of eastern Panama. The remaining interest is owned by Petaquilla Minerals Ltd., the operator of the nearby Molejon Gold Mine scheduled to begin production in 2009. Upon receipt of all permits, the newly constructed, 2,200-tonne-per-day Molejon Mine is expected to produce 100,000 ounces of gold in its first full year of operation. Madison is seeking to sell this interest on the most favorable terms obtainable.

Lewis Gold Property, Nevada

LOCATION: Approximately 2,225 hectares (5,500 acres) in Lander County, Nevada, within the Battle Mountain Trend, which hosts a series of gold mines (Marigold, Lone Tree, Fortitude, Phoenix, Twin Creeks, Midas, Trenton Canyon) with resources or past production collectively totaling more than 25 million ounces of gold.

OWNERSHIP: Madison operates and owns 60% of the Lewis Property. Joint venture partner Golden Predator Royalty and Development Corp. holds the remaining 40% through its wholly owned subsidiary, Great American Minerals Inc. (GAM).

OPPORTUNITY: Precious Metals. The main exploration targets are high-grade structurally controlled veins/faults and lower grade disseminated skarns and replacements associated with north-trending structures and Tertiary intrusives.

OVERVIEW

Nevada is the world's third largest gold-producing region after South Africa and Australia, accounting for 85% of US production. Most of the state's gold and silver comes from the prolific Carlin Trend and the parallel Battle Mountain Cortez-Eureka Trends. The Lewis Property is strategically located within the Battle Mountain Trend, which hosts a range of mineral deposit types including high-grade vein-hosted gold deposits, large gold-copper porphyry systems with associated peripheral gold-silver skarns, and sedimentary-rock-hosted disseminated gold deposits.

The Lewis Property is directly contiguous with the Phoenix Mine placed into production by owner Newmont Mining in late 2006. This newly expanded open-pit mine is scheduled to produce between 300,000 and 350,000 ounces of gold (with by-product copper) over at least a 15-year mine life. Previous operators at Lewis focused their exploration efforts on the Virgin Zone, a major structural-stratigraphic corridor which hosts the mineralization at Newmont's adjacent Phoenix Mine. Their programs confirmed that the Virgin Zone extends onto the Lewis Property within a similar geological environment, for up to 4.5 km of potential strike length, of which only a small portion has been drill-tested to date. Madison has also drill-tested the adjacent sub-parallel Copper Canyon-Buena Vista Structural Zone and a series of structural splays associated with the Virgin Zone.

After securing an option to earn 60% of the Lewis Property in 2002 (since earned), Madison Minerals traced the extension of the Virgin Zone north from the Newmont boundary onto the Lewis Property for at least 4.5 kilometers, of which only a small portion has been drill-tested to date. Madison's drilling has also tested a series of associated structural splays, one of which returned bonanza grades of 17.5 g/t gold and 48.1 g/t silver over 32 meters at its intersection with the Virgin Zone.

In addition to testing the extension of the Virgin Zone and its associated structural splays, Madison has drill-tested the adjacent sub-parallel Copper Canyon-Buena Vista Zone, located 500 meters west and south of the Virgin Zone. Other areas of interest include two locally mineralized zones with evidence of small-scale historic production.

From 2002 to 2008, Madison has drilled 145 reverse circulation (RC) and 29 core holes totaling 36,100 meters (118,100 feet) at the Lewis Property, 160 of which tested the Virgin Zone. All but 15 of these 174 holes interested mineralization.

The results of previous, recent and ongoing exploration programs will be used to generate an initial NI 43-101 compliant resource estimate for the Lewis Property.

HISTORIC EXPLORATION

The Lewis Property was historically mined for high-grade silver, gold and base metals and was first drilled in modern times by Hart River Mines (1980-1985). The discovery and development of a series of world-class gold deposits in the Carlin and Battle Mountain-Eureka Trends during the 1980s attracted several senior companies to intermittently explore the Lewis Property, notably Homestake Mining and the predecessor company of Barrick Gold. A subsequent round of exploration took place from 1996 to 1997, when United Tex-Sol Mines Inc. drilled holes UTX 1-16 at Lewis.

The Fortitude Mine adjacent to the Lewis Property was the most significant gold producer in the Battle Mountain Trend during the 1980s and became the flagship operation of Battle Mountain Gold Company after it was spun off from Pennzoil Company in 1985. As Fortitude's high-grade reserves declined in the early 1990s, Battle Mountain Gold diversified from its namesake district to pursue projects worldwide. From 1984 to closure in early 1993, the Fortitude skarn deposit produced 2.8 million ounces of gold and 10.8 million ounces of silver from 11 million tons of ore, with heap-leaching of lower grade disseminated ores continuing until 2006.

Newmont Mining acquired Battle Mountain through a merger process completed in early 2001, and soon after reactivated exploration of the Phoenix deposit, the lower grade outer shell of the past-producing Fortitude Mine. The newly constructed Phoenix Mine began operations in late 2006 in time to benefit from rising gold prices.

The intermittent exploration efforts of previous operators at the Lewis Property during the 1980s and 1990s focused on the strike extension of the Virgin Zone, the favorable structural-stratigraphic corridor hosting most of the known mineralization at Newmont's adjacent property. Their programs partially traced the Virgin Zone for a minimum 1,000 feet onto the Lewis Property and also outlined a virtually identical geological environment to that underlying Newmont's adjacent property.

RECENT EXPLORATION
2008-2010

The 2008 drill program — 17 core holes totaling 3,855 meters and 33 RC holes totaling 5,567 meters — targeted the central portion of the Virgin Zone and consisted of in-fill and step-out holes using 30-meter drill spacings. The core drilling confirmed the previous RC results as well as the geological and structural models, while the overall drilling program expanded the Virgin Zone by 100 meters down-dip over a 300-meter strike length. At year-end 2008, the Virgin Zone was defined over a minimum 750-meter strike length and 350 meters east-west. The zone remains open for expansion along strike to the north and south and down-dip to the west.

The 2008 drilling program also encountered significantly higher silver values. As an example, Hole MAD-145 intersected 1.21 g/t gold and 458 g/t silver over 6 meters, for a calculated equivalent of 7.17 g/t gold (at US$9 per ounce silver and US$900 per ounce gold) over the interval. These results suggest an apparent mineral zonation on the property, with silver values increasing to the north and west.

Results from the 2008 drilling program compare favorably with previously reported styles and grades of mineralization, including high-grade mineralized structural intersections, steeply oriented structural mineralization and sub-horizontal lower grade mineralization hosted by favorable Antler stratigraphy. Most of the 2008 drill-holes intersected the most common type, sub-horizontal lower-grade mineralization.

Madison's exploration programs to date have further confirmed that the Lewis Property shares a virtually identical geological environment to that underlying the Phoenix-Fortitude area, including a direct on-strike extension to the hosting Antler Sequence stratigraphy, controlling structures (Virgin and Copper Canyon – Buena Vista Structural Zones) and mineralizing styles: a sub-vertical structurally controlled type and a sub-horizontal, stratigraphically controlled type.

The southern boundary of the Lewis Property lies just 250 meters north and 100 west of Newmont's present open pit, which means any new or proposed northerly or westerly expansion of this pit would require a pushback onto the Lewis Property.

Future exploration programs will continue to test the extension of the Virgin Zone, the most advanced exploration target at the Lewis Property, as drilling to date has only tested a small portion of its potential 4.5-km-long extent. Further exploration drilling is also required to define the adjacent sub-parallel Copper Canyon-Buena Vista Zone, located 500 meters west and south of the Virgin Zone. Other areas of exploration interest include the 2-km-long, Central Virgin-Hider-White-Shiloh Zone and the easterly sub-parallel Trinity Zone. Both are known to host significant gold and silver mineralization locally, including small historic production.

Mt. Kare Property, Papua New Guinea

The Mt. Kare Gold Project covers 220 square kilometers of highly prospective ground in the central Highlands of Papua New Guinea. The property is contiguous with and shares a similar geological and structural setting as the world-class Porgera Mine (8.2 million ounces of gold in reserves) owned and operated by Barrick Gold.

Madison Minerals presently owns a 100% interest in the Mt. Kare Property, which includes a 10% interest held in trust for local landowners.

Madison Minerals initially operated the Mt. Kare Property and conducted extensive exploration and drilling programs from 1996 to 2004. Buffalo Gold explored and drilled the project in 2006 and 2007 after securing rights to earn a majority interest through exploration expenditures and other commitments. In 2009 Buffalo returned its interest to Madison, and we are currently seeking to sell the project on the most favourable terms obtainable.

Mt. Kare hosts an NI 43-101 compliant indicated resource of 1.4 million ounces of gold contained in 18.83 million tonnes grading 2.31 g/t gold and 17.31 g/t silver, using a 1 gram gold-equivalent cutoff grade, plus another 288,000 ounces contained within an inferred resource of 5.75 million tonnes at 1.56 g/t gold and 9.5 g/t silver.

Belencillo Project, Panama

Madison Minerals, through a wholly owned Panamanian subsidiary, holds a 31.12% interest in the Belencillo Concession situated in the Petaquilla Mineral District of eastern Panama. The remaining interest is owned by Petaquilla Minerals Ltd., the operator of the nearby Molejon Gold Mine scheduled to begin production in 2009. Upon receipt of all permits, the newly constructed, 2,200-tonne-per-day Molejon Mine is expected to produce 100,000 ounces of gold in its first full year of operation.

The nearby Petaquilla Project is a world-class copper-molybdenum-gold deposit at the feasibility stage. The Petaquilla and Molejon deposits were both explored and developed in the 1980s and 1990s by Adrian Resources Ltd., which was then led by the same technical and management team presently overseeing Madison Minerals. Madison is seeking to sell this interest on the most favourable terms obtainable.

MIRANDA GOLD MINE MRDDF

Miranda Gold Corp. is a gold exploration company active in Nevada, Alaska and Colombia and whose emphasis is on generating gold exploration projects with world-class discovery potential. Miranda performs its own grass-roots exploration and then employs a joint venture business model on its projects in order to maximize exposure to discovery while minimizing exploration risk. Miranda has ongoing partnerships with Agnico-Eagle (USA) Inc., Montezuma Mines Inc., Navaho Gold Ltd., NuLegacy Gold Corporation, Ramelius Resources Ltd., and Red Eagle Mining Corporation.

Miranda Gold Corp. is in the business of creating shareholder wealth through the discovery of new gold deposits. Our focus is Nevada -- the 4th largest gold producing region in the world, and Colombia -- one of only five regions to produce a plus 10 million ounce gold discovery since 2000.

Since 2003, Miranda Gold has established itself as one of the best exploration companies in the state of Nevada. The Company consists of a highly qualified technical team with extensive Nevada-based mining experience including 10 previous gold discoveries and expertise in geology, financing and public company management.

Five of our 12 properties are located in the Cortez Trend portion of the Battle Mountain-Eureka Gold Belt, which, along with the Carlin Trend, accounts for over 80% of Nevada's total gold production. Miranda Gold's management team has been involved in over 20 million ounces of gold discovered in this area. The recent addition of Colombia as a regional focus was a strategic decision to balance the mature nature of Nevada's mining history with a more underexplored area that exhibits similar world-class potential.

As an emerging mineral exploration company, known for our expertise as a project generator, investors have the opportunity to participate in a diverse number of projects and in turn numerous possibilities to take part in a major gold discovery. With a strategic property portfolio and solid partnerships with several mining companies, our goal is to mitigate the risk of exploration through a uniquely executed Joint Venture model while increasing opportunities for discovery and preserving the treasury.

Highlights:

• Strong management team with extensive worldwide mining expertise and decades of experience in financing and public company management.

• Focused in Nevada and Colombia with emphasis on finding multi-million ounce gold deposits.

• Share project risk by joint venturing properties thus providing shareholders exposure to numerous gold exploration projects while at the same time preserving capital.

• Active Exploration Funding Agreements with Agnico-Eagle USA Limited, Montezuma Mines Inc., Navaho Gold Pty Ltd., NuLegacy Corporation, Piedmont Mining Company Inc., Ramelius Resources Ltd. and Red Eagle Mining Corporation.

• Attractive capital structure with 52 million shares issued and outstanding.

• Fully cashed up treasury with CA$9.5 million and a $2.5 million annual burn rate.

Aug 18, 2011
Drilling Underway at Miranda Gold's Coal Canyon Project

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Vancouver, BC, Canada - August 18, 2011 - Miranda Gold Corp. ("Miranda") (TSX-V: MAD) is pleased to announce that NuLegacy Gold Corporation ("NuLegacy") (TSX-V: NUG), Miranda's funding partner at Coal Canyon, is drilling a reverse circulation hole at Coal Canyon. The hole is expected to end at about 1,500 ft (460 m) depth, drilling conditions permitting. The drill is then scheduled to move to the Long Fault zone of Miranda's Red Hill project where NuLegacy will drill two additional holes.

The drill hole at Coal Canyon will attempt to further expand and define the sediment-hosted Carlin-style gold mineralization intersected in 2008 by reverse circulation hole MCC-4. This hole intersected 10 ft of 0.011 oz Au/t gold from 980 to 990 ft (3.0 m of 0.392 g Au/t from 298.8 to 301.8 m) within a sooty pyrite / silica-cemented breccia zone. This mineralization occurred within a larger, lower-grade gold zone that returned 230 ft of 0.004 oz Au/t from 970 to 1,200 ft (70.1 m of 0.140 g Au/t from 295.7 to 365.8 m).

Coal Canyon was added to NuLegacy's Red Hill exploration funding agreement with Miranda in 2010 (see Miranda news release of January 5, 2011). Through the amended agreement, NuLegacy's earn-in requirement was increased by US$1.5 million. Part of the amended agreement requires NuLegacy to drill three holes, each approximately 1,500 ft (460 m) deep, at Coal Canyon by the end of 2013. With the addition of Red Hill and Coal Canyon to the Barrick and Wilson options, NuLegacy now controls a district-sized consolidated land package of 45 sq mi (116 sq km) in the Cortez Trend and Miranda supports NuLegacy's commitment to fully explore the area over a period of years.

Project Details

The Coal Canyon sediment-hosted gold project consists of 64 unpatented lode claims in the heart of the Cortez Trend. The property is 10 mi (16 km) south of Barrick Gold Corporation's Cortez Hills gold deposit (+13 M oz) and it adjoins the northeast side of US Gold's Tonkin Springs property. Coal Canyon occupies 2 sq mi (5.2 sq km) of the Windmill lower-plate window, a feature that exposes favorable carbonate rocks that are analogous to carbonate rocks that host the Cortez Hills and Pipeline gold deposits.

Mapping and sampling has shown a high-priority target in the northwestern portion of the property where a discrete west-northwest-trending corridor of faulting, lamprophyre dikes, folding, alteration and elevated surface gold, arsenic and antimony. The fault-fold corridor is 2,600 ft by 6,500 ft (800 m by 2,000 m) in dimension and approximately half of that area has never been drilled. West-northwest-trending zones of faults, folds and dikes are known to be important controls to mineralization elsewhere in the Cortez Trend.

Five drill holes within the corridor show hydrothermal alteration and dikes in the Roberts Mountains and Hanson Creek Formations. Of particular interest was drill hole MCC-4 which intersected the 10 ft of 0.011 oz Au/t (3.0 m of 0.392 g Au/t).

All technical data disclosed in this press release have been reviewed by Vice President of Exploration, Joe Hebert, a Qualified Person as defined by National Instrument 43-101.

Aug 16, 2011
Miranda Gold And Red Eagle Sign Second Colombia Agreement

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Vancouver, BC, Canada - August 16, 2011 - Miranda Gold Corp. ("Miranda") (TSX-V: MAD) has assigned 70 of the 100 issued shares of its wholly owned subsidiary Miranda Gold Colombia IV Ltd. ("MAD IV") to Red Eagle Mining Corporation ("Red Eagle"). The Colombian branch of MAD IV is the holder of option to purchase agreements for a group of properties in Colombia collectively called the Cajamarca project. Red Eagle and Miranda have a similar arrangement in place for Miranda's Pavo Real project in Colombia.

To maintain the option agreements, payments and issuance of Miranda shares increase incrementally each December 30 anniversary year of each individual option agreement with ExpoGold Colombia S.A. Red Eagle will be responsible for paying the cash component of the ExpoGold option agreements and for each share of Miranda issued or to be issued to ExpoGold pursuant to these option agreements Red Eagle will issue one share of Red Eagle to Miranda.

Miranda and Red Eagle executed a shareholder agreement ("SA") to govern the funding and activities of MAD IV. The 70 shares of MAD IV transferred to Red Eagle are subject to forfeiture or transfer provisions back to Miranda should Red Eagle fail to spend US$4,000,000 over the first five years of the SA. Upon Red Eagle's sole funding to an aggregate US$4,000,000 then 51 of the 70 shares will not be subject to forfeiture or transfer provisions back to Miranda. These funds will be used to fund exploration programs at the Cajamarca project. Within 180 days of earning a 51% vested interest, Red Eagle can elect to further sole fund MAD IV at a minimum of US$1,000,000 per year and either complete a bankable feasibility study on any of the MAD IV projects within eight years or contribute a minimum of US$10,000,000 within 10 years. Upon completion of the funding the remaining 19 of the 70 shares will not be subject to forfeiture or transfer provisions back to Miranda. Red Eagle is required to reimburse Miranda the costs incurred by MAD IV related to any of the Red Eagle Property Group project's concession fees and exploration work authorized by Red Eagle prior to the effective date of the SPA and SA agreements.

Ian Slater is a director of Miranda and Ken Cunningham is a director of Red Eagle. This non-arms length transaction is subject to TSX Venture Exchange acceptance.

Cajamarca

The Cajamarca project covers a total of 45.1 sq. mi. (116.9 sq. km.) and lies within the department of Tolima and Quindio.

The geologic setting at Cajamarca consists of meta-sediments that have been intruded by Tertiary and Cretaceous-age stocks. Locally, the igneous stocks are both hydrothermally and tectonically altered. AngloGold Ashanti's La Colosa gold porphyry discovery (13 million ounces) lies 6.2 mi (10 km) to the southeast of the main project area. Southwest-trending structures thought to be important to the mineralization at La Colosa are projected to pass through portions of the Cajamarca project.

Exploration work has consisted of a regional stream sediment program, a detailed geophysical airborne magnetic survey and a rock chip sampling program. Public domain data shows historic gold workings in and around the application areas.

The high-resolution airborne magnetic survey was flown on 50 m line spacing with 500 m tie lines and is currently under review and interpretation. Preliminary results show a distinct north-east structure pattern with several interpreted buried intrusions following the same northeast trend. Rock chip samples average 0.006 oz Au/t (0.2 g Au/t) and range from less than detectable to 0.0141 oz Au/t (0.44 g Au/t). Preliminary mapping has revealed an unmapped multiphase intrusive breccia with very fine-grained disseminated pyrite. Anomalous gold values have been returned from both stream sediment and stream pan concentrate sampling on numerous drainages within the Cajamarca project areas. Detailed follow-up sampling is being conducted.

All technical data disclosed in this press release have been reviewed by Vice President of Exploration, Joe Hebert, a Qualified Person as defined by National Instrument 43-101.

Corporate Profile

Miranda Gold Corp. is a gold exploration company active in Nevada, Alaska and Colombia and whose emphasis is on generating gold exploration projects with world-class discovery potential. Miranda performs its own grass-roots exploration and then employs a joint venture business model on its projects in order to maximize exposure to discovery while minimizing exploration risk. Miranda has ongoing partnerships with Agnico-Eagle (USA) Inc., Montezuma Mines Inc., Navaho Gold Ltd., NuLegacy Gold Corporation, Ramelius Resources Ltd., and Red Eagle Mining Corporation.

Aug 15, 2011
Drilling Underway at Miranda's Red Canyon Project

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Vancouver, BC, Canada -- August 15, 2011 -- Miranda Gold Corp. ("Miranda") (TSX-V: MAD) is pleased to announce that its exploration funding partner at Red Canyon, Montezuma Mines Inc. ("Montezuma"), a wholly owned subsidiary of CMQ Resources Inc. (TSX-V:NV), is now drilling in the Ice target zone. Montezuma's Phase I reverse circulation drill campaign will consist of approximately 6,000 - 8,000 ft (1,830 - 2,440 m) in seven holes.

The principal target for Phase I drilling is a southeast-trending structural corridor 1,660 ft (506 m) long that has not previously been drill tested. The ends of this corridor are anchored by core hole MR09-05C in the northwest and reverse circulation hole MR10-01 in the southeast.

Drill Hole Intercept-ft Length-ft oz Au/t Length-m g Au/t MR09-05C 0 - 130 119
(11 ft no sample) 0.152 36.3 5.25 includes 56 - 95 39 0.281 11.9 9.64 MR10-01 775 - 795 20 0.050 6.1 1.714   965 - 985 20 0.086 6.1 2.949
Montezuma received approval for its Red Canyon Plan of Operations (PoO) from the Bureau of Land Management on July 25, 2011. The PoO permits up to about 125 acres (50 hectares) total disturbance and the Phase I drilling was initiated under the provisions of the PoO.

The current drill program will follow up on Montezuma's eight-hole 11,260 ft (3,433 m) reverse-circulation drill program conducted in 2010 which included vertical hole MR10-01.

Project Details

The Red Canyon project in Eureka County, Nevada, includes 254 unpatented lode mining claims (7.9 sq mi / 20.6 sq km) on the Battle Mountain-Eureka Trend and adjoins U.S. Gold's Tonkin Springs property to the west. The project covers an erosional "window" that exposes hydrothermally altered and brecciated lower-plate carbonate rocks that are age equivalent to the rocks hosting Barrick's Cortez Hills gold deposit.

All data disclosed in this press release have been reviewed by Vice President of Exploration, Joe Hebert, a Qualified Person as defined by National Instrument 43-101.

Corporate Profile

Miranda Gold Corp. is a gold exploration company active in Nevada, Alaska and Colombia and whose emphasis is on generating gold exploration projects with world-class discovery potential. Miranda performs its own grass-roots exploration and then employs a joint venture business model on its projects in order to maximize exposure to discovery while minimizing exploration risk. Miranda has ongoing partnerships with Agnico-Eagle (USA) Inc., Montezuma Mines Inc., Navaho Gold Ltd., NuLegacy Gold Corporation, Ramelius Resources Ltd., and Red Eagle Mining Corporation.

During the summer of 2005, Newcrest completed an additional 16,145 feet of reverse circulation drilling in 26 holes (R-48 through R-74). These holes continued testing for high grade quartz-gold vein continuity along strike of the Redlich fault zone as well as offsetting mineralization in hole R-43. Results of this program include a thinly-banded quartz vein with 5 feet grading 1.945 oz Au/t (1.5m of 66.610 g Au/t) in hole R-73 (Figure 4). Bonanza gold grades in R-73 represent a deeper and higher grade gold zone.

A phase three drilling campaign, completed in 2006, totaled 10,975 feet of reverse circulation drilling in 15 holes (R-75 through R-90). Significant drill hole intercepts include: 5 feet of 0.603 oz Au/t (1.5m of 20.651 g Au/t) within a 90 foot zone grading 0.056 oz Au/t (27.4m of 1.918 g Au/t) in R-76 (Figure 4). Drill results continue to verify the presence of two styles of gold mineralization: 1) high grade, banded epithermal quartz "bonanza"veins and 2) thick, lower grade disseminated gold zones.

New Gold NGD

About New Gold Inc. is an intermediate gold mining company. The company has a portfolio of three producing assets and three significant development projects. The Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexico and Peak Gold Mines in Australia are expected to produce between 380,000 and 400,000 ounces of gold in 2011. The fully-funded New Afton project in Canada is scheduled to add further growth in 2012. In addition, New Gold owns 30% of the world-class El Morro project located in Chile and, in June 2011, New Gold acquired the exciting Blackwater project in Canada. For further information on the company, please visit www.newgold.com.

New Gold Announces 2011 Second Quarter Results with Gold Sales of 95,039 Ounces at Total Cash Cost(1) of $354 Per Ounce

New Gold Second Quarter Highlights

(All figures are in US dollars unless otherwise indicated)

August 3, 2011 – New Gold Inc. (“New Gold”) (TSX:NGD)(NYSE AMEX:NGD) today announces financial and operational results for the second quarter of 2011. The company finished the second quarter with gold sales of 95,039 ounces at a total cash cost(1) per ounce sold, net of by-product sales, of $354 per ounce. The company’s ability to deliver increased gold sales at lower costs along with the continued strength in commodity prices resulted in another quarter of robust financial results. During the quarter, the company’s earnings from mine operations increased by 129% to $83 million with net earnings increasing to $79 million, or $0.19 per share, while pre-tax cash generated from operations increased by 96% to $88 million and net cash generated from operations was $44 million.

New Gold is also pleased to reiterate its production and cost guidance for 2011 with gold production of 380,000 to 400,000 ounces at total cash cost(1) per ounce sold, net of by-product sales, of $390 to $410 per ounce. The company believes that with the continued strength of silver and copper prices, the total cash cost(1) may be below the above noted cost range as it has been on a year-to-date basis.

 Second quarter total cash cost(1) per ounce sold, net of by-product sales, decreased to $354 per ounce from $481 per ounce in the same period in 2010

 Quarterly gold sales increased by 15% to 95,039 from 82,403 in the same period in 2010

 Second quarter net earnings of $79 million, or $0.19 per share

 First caving-related blast successfully completed at New Afton connecting two underground levels below the ore body

 $490 million of cash at June 30, 2011

 Completed the acquisition of Richfield Ventures Corp. (“Richfield”), and its flagship Blackwater Project in British Columbia on June 1, 2011

 Increased the exploration program at the Blackwater Project – targeting 40,000 to 50,000 metres of drilling in the second half of 2011

2 / 14

New Gold 2011 Second Quarter Consolidated - Summary Operational Results June 30,June 30,2011201020112010GoldSales (thousand ounces)95.0 82.4 199.3 162.4 Production (thousand ounces)88.5 89.9 196.1 167.1 Average realized price ($ per ounce)$1,417$1,147$1,365$1,113SilverSales (thousand ounces)602.3 505.4 1,188.1 698.9 Production (thousand ounces)520.4 547.1 1,155.7 753.8 Average realized price ($ per ounce)$38.85$18.38$35.78$18.02CopperSales (million pounds)3.6 3.0 7.5 7.1 Production (million pounds)3.4 4.0 6.9 8.0 Average realized price ($ per pound)$4.05$3.09$4.12$3.26Total cash cost(1) - net of by-product sales ($ per ounce)$354$481$353$475Average realized margin ($ per ounce)$1,063$666$1,012$638Six months endedThree months ended

“The second quarter was particularly important in the continued evolution of New Gold,” stated Randall Oliphant, Executive Chairman. “Our operating results further established our company as a low cost producer in the industry, while development at New Afton and El Morro only helped add further value to those projects. With this foundation, we were able to complete the acquisition of Richfield, adding the exciting Blackwater Project with its established gold resource base and significant exploration potential to our pipeline, all while minimizing dilution to our shareholders and maintaining our financial flexibility.”

2011 Second Quarter Operations Overview

Together, the company’s portfolio of three operating mines delivered yet another strong quarter, while New Gold’s three large exploration/development projects each made significant progress. Operationally, while the Peak Mines went through a challenging quarter as anticipated, Mesquite and Cerro San Pedro especially performed very well, leading the group to a quarter of increased gold sales at significantly lower total cash cost(1) resulting in meaningful margin expansion for New Gold’s shareholders.

New Afton, the company’s most immediate development project, continues its rapid progression towards production less than 12 months from now. The second quarter saw a number of milestones, two of which included the first caving-related blast which connected two underground levels below the ore body and the commencement of the installation of the processing equipment in the mill building. At El Morro, after the Environmental Impact Assessment (“EIA”) was received on March 16, 2011, the company’s 70% partner Goldcorp Inc. (“Goldcorp”) aggressively began work on the project’s advancement including application for additional permits, condemnation drilling, site plan optimization, detailed engineering of infrastructure and contract negotiation with key suppliers. The company’s newest project, Blackwater, was added to the portfolio on June 1, 2011. Since that time, New Gold has increased the 2011 drill program, released the results for an additional 22 holes and has been working to upgrade the mine camp to facilitate the addition of more drills while also building on a number of pre-established relationships with the local First Nations, communities, governments and other regulatory bodies.

“Our second quarter was very active and importantly it demonstrated the capacity of our various teams to deliver strong results in their respective areas,” stated Robert Gallagher, President and Chief Executive Officer. “The execution by our operating teams continues to underpin our ability to add value by advancing our development assets and adding in new and exciting projects such as Blackwater.” 3 / 14

New Gold 2011 Second Quarter Consolidated - Summary Financial Results Figures in US$ millions unless otherwise noted June 30, June 30, 2011 2010 2011 2010 Revenue 171.6 112.4 342.8 214.0 Average realized gold price ($ per ounce) 1,417 1,147 1,365 1,113 Average margin per ounce ($ per ounce) 1,063 666 1,012 638 Earnings from mine operations 83.5 36.5 164.0 73.3 Net earnings/(loss) from continuing operations 78.6 (26.0) 103.3 (13.0) Net earnings/(loss) per share 0.19 (0.07) 0.25 (0.03) Adjusted net earnings/(loss) from continuing operations 49.8 14.1 96.6 29.6 Adjusted net earnings/(loss) per share 0.12 0.04 0.24 0.08 Pre-tax cash generated from operations 87.6 44.6 148.6 76.6 Net cash generated from operations 44.0 40.4 93.7 63.4 Six months ended Three months ended Mesquite June 30, June 30, 2011 2010 2011 2010 Gold Sales (thousand ounces) 34.6 38.8 85.0 88.3 Production (thousand ounces) 33.8 38.8 82.6 82.9 Average realized prices Gold ($ per ounce) 1,241 1,083 1,240 1,063 Total cash cost (1) ($ per ounce) 654 616 588 576 Earnings from mine operations ($ millions) 15.2 9.4 44.0 26.8 Three months ended Six months ended

2011 Second Quarter Consolidated Financial Results

As a result of New Gold’s strong operating results and the continued strength in the underlying commodity prices, the company was able to realize meaningful increases in virtually all financial categories. Increased gold sales at higher average realized gold prices led to a 53% increase in revenue during the second quarter of 2011. Importantly, the company was able to couple this revenue growth with lower total cash cost(1) resulting in a $397 per ounce increase in the average realized margin leading to a 129% increase in earnings from mine operations.

Net earnings from continuing operations in the second quarter of 2011 grew significantly to $79 million, or $0.19 per share, after being in a net loss position in the same period of 2010. Adjusted net earnings from continuing operations(2) increased to $50 million, or $0.12 per share, during the quarter. Net earnings has been adjusted and tax affected for the group of costs in “Other gains and losses” on the condensed consolidated income statement. The most significant adjustment is the fair value change of the company’s share purchase warrants and convertible debentures in the second quarter of 2011 which was a pre-tax gain of $30 million, relative to a pre-tax loss of $29 million in the same period of the prior year. See the notes at the end of the release for a reconciliation of Adjusted net earnings.

Net cash generated from operations increased by 9% to $44 million when compared to the prior year quarter, however, cash flow in the quarter was negatively impacted by a $20 million increase in cash taxes related to the payment of the company’s 2010 final tax liability, which had previously been accrued, as well as an increase in the quarterly payments for 2011 instalments. The pre-tax cash generated from operations increased by 96% in the second quarter of 2011 compared to the same period of the prior year.

Mesquite Mine Steadily Delivers Growth in Earnings from Mine Operations 4 / 14

Cerro San PedroJune 30,June 30,2011201020112010GoldSales (thousand ounces)43.6 24.8 75.4 38.0 Production (thousand ounces)39.7 29.4 75.3 42.4 SilverSales (thousand ounces)602.3 505.4 1,188.1 698.9 Production (thousand ounces)520.4 547.1 1,155.7 753.8 Average realized pricesGold ($ per ounce)1,506 1,205 1,458 1,175 Silver ($ per ounce)38.85 18.38 35.84 18.02 Total cash cost(1) - net of by-product sales ($ per ounce)26 288 18 403 Earnings from mine operations ($ millions)55.7 14.7 90.1 17.9 Three months endedSix months ended

Gold sales at Mesquite in the second quarter of 2011 and year-to-date period remained relatively consistent with the prior year periods while the operating team remained focused on cost control despite year-over-year input cost pressures. By minimizing the impact of cost pressures on total cash cost(1) and through the increase in the average realized gold price, Mesquite increased earnings from mine operations by 62% to $15 million during the second quarter of 2011. Similarly, in the first six months of 2011, earnings from mine operations increased 64% to $44 million when compared to the same period of the prior year.

Gold production and sales during both the second quarter and year-to-date period were marginally lower than the comparative prior year periods due to fewer ore tonnes being placed on the leach pad as mining temporarily transitioned into an area of higher waste stripping. This was partially offset by the continued benefit of higher grade ore being placed on the leach pad during the second quarter of 2011 and year-to-date period. The change in total cash cost(1) was primarily driven by the increases in waste tonnes moved and inputs costs, such as diesel fuel, and was partially offset by increased operator efficiencies.

Cerro San Pedro Mine Has Stellar Second Quarter and Start to 2011

Cerro San Pedro has had a very strong start to 2011, with increases in gold sales and decreases in total cash cost(1) in both the second quarter and first six months of 2011 when compared to the same periods in 2010. In the second quarter, the combination of a 76% increase in gold sales, a decrease in total cash cost(1) per ounce of gold sold, net of by-product sales, to $26 per ounce and the higher realized gold price resulted in a 280% increase in earnings from mine operations to $56 million. For the six months ended June 30, 2011, with even more significant increases in gold sales and decreases in total cash cost(1), Cerro San Pedro increased earnings from mine operations by 402% to $90 million.

Gold production and gold and silver sales during both the second quarter of 2011 and year-to-date periods were higher than the comparative prior year periods due to increased ore tonnes being placed on the leach pad in the second quarter and first half of 2011. In 2010, Cerro San Pedro experienced a delay in receiving its explosives permit which resulted in less ore tonnes being moved in the prior year periods. The benefit of the additional ore tonnes in 2011 was partially offset by lower gold and silver grades due to mine sequencing. The decrease in total cash cost(1) in both the second quarter of 2011 and year-to-date periods was a result of higher by-product revenues driven by both higher silver sales and prices. This benefit was partially offset by the appreciation of the Mexican peso relative to the prior year periods. 5 / 14

Peak MinesJune 30,June 30,2011201020112010GoldSales (thousand ounces)16.8 18.8 38.9 36.2 Production (thousand ounces)15.0 21.6 38.1 41.9 CopperSales (million pounds)3.6 3.0 7.5 7.1 Production (million pounds)3.4 4.0 6.9 8.0 Average realized pricesGold ($ per ounce)1,549 1,201 1,458 1,171 Copper ($ per pound)4.05 3.09 4.12 3.26 Total cash cost(1) - net of by-product sales ($ per ounce)585 459 488 303 Earnings from mine operations ($ millions)12.6 12.4 30.1 28.5 Three months endedSix months ended

Peak Mines Through Challenging Quarter – Looks to Stronger Second Half

Gold sales at Peak Mines in the second quarter of 2011 and year-to-date periods were similar to the prior year periods, while copper sales increased. As a result of the increases in average realized gold price, and despite the cost pressures experienced in Australia, Peak Mines increased earnings from mine operations moderately in both the second quarter of 2011 and year-to-date when compared to the same periods of the prior year.

Gold and copper production during the second quarter of 2011 were lower than the prior year period as mine sequencing led to ore being sourced primarily from a new zone. As anticipated, the ore from this zone generally contained lower average gold grades with the mill also realizing lower recoveries of gold and copper. The increase in total cash cost(1) during both the second quarter of 2011 and year-to-date periods is driven by two primary factors: the appreciation of the Australian dollar and the largely fixed cost base being spread over lower gold ounces as a result of the lower grades and recoveries. The copper production and continued strength of the copper price continue to provide a meaningful offset to costs and provide for attractive operating margins despite the relative increase in total cash cost(1).

New Afton Development Moving Quickly – Close to 600 Workers on Site

New Gold's most immediate development project continued on schedule during the second quarter of 2011 with multiple areas of development and construction being advanced or completed. Both the underground development work and surface construction activities continue on schedule for the targeted mid-2012 production start. New Afton will be an underground mine and concentrator which is expected to produce an annual average of 85,000 ounces of gold and 75 million pounds of copper at low operating costs.

New Afton achieved an important milestone during the second quarter as the crews successfully completed the first caving-related blast at the base of the ore body. An area was drilled and blasted to connect the level at the base of the ore body, referred to as the undercut level, with the level directly above it, referred to as the apex level. This first caving-related blast proceeded as planned with crews now planning for the first drawbell blast, scheduled for the third quarter, which will mark the official beginning of mine production and ore delivery to surface at New Afton. 6 / 14

New Afton Second Quarter Underground Highlights

New Afton Second Quarter Surface Construction Highlights

 First caving-related blast successfully completed connecting two underground levels below the ore body

 2,166 metres of underground advance completed

 Six additional drawpoints mined on the extraction level

 ~68,000 tonnes of ore moved to surface stockpile as at June 30, 2011

 Commenced development of first ore pass from undercut to haulage level

 Commissioned two vent raises adding significant ventilation

 Received remaining equipment including longhole drills, bolters and jumbos to complete underground development

 Completed all civil works associated with coarse ore stockpile and reclaim tunnel

 Completed tie-in to 138kV power line with materials mobilized for extension of line to tailings storage facility

 Commenced construction activities for tailings pipeline corridor and tailings pond area

 Commenced installation of processing equipment with associated structural steel including conveyors and flotation cells

 Completed construction of water storage tanks and commissioned water distribution system

In the second quarter of 2011, project spending at New Afton was $83 million, including capitalized interest. On a year-to-date basis, project spending has been $127 million, including capitalized interest.

In addition to the significant progress being made at the site, negotiations regarding the New Afton concentrate were also advanced during the quarter. The off-take agreement for the last 15% of the estimated concentrate production was finalized and is currently awaiting execution. The company also established an agreement for storage of concentrate at the Vancouver wharves which, similarly, has been completed and is now awaiting execution. Further, New Gold has selected the counterparty it intends to use for the trucking of concentrate from New Afton to the wharves and the negotiation of the agreement has commenced.

The company is very pleased with the continued progress at New Afton and looks forward to additional milestones being achieved through the end of 2011 and into 2012. With the remaining capital through the mid-2012 production start now at approximately $260 million, New Gold continues to have a cash balance well in excess of the remaining capital required. Once in production, New Afton is expected to contribute significantly to New Gold's current portfolio of operating assets driving gold production growth at lower costs. At current commodity prices, the mine is expected to more than double the company's cash flow. 7 / 14

El Morro Second Quarter Highlights

El Morro Lays Foundation for Successful Development

El Morro is an advanced stage, world-class gold/copper project in northern Chile, one of the most attractive mining jurisdictions in the world. New Gold is a 30 percent partner in the project, with Goldcorp, the project developer and operator, holding the remaining 70 percent. The project is located in the Atacama region of Chile approximately 80 kilometres east of the city of Vallenar and comprises a large, 36-square kilometre land package with significant potential for organic growth through further exploration. Two principal zones of gold-copper mineralization have been identified to date - the El Morro and La Fortuna zones - and several additional targets have also been identified through a regional exploration plan. Future exploration efforts will also test the potential for bulk-mineable gold and copper production below the bottom of the current pit. Currently, New Gold’s attributable 30% share of proven and probable reserves contains 2.6 million ounces of gold and 1.8 billion pounds of copper.

During the second quarter of 2011, Goldcorp worked to prepare the project for development on numerous fronts.

 Completed an 18-kilometre road linking existing access road to the property

 Commenced condemnation drilling to verify infrastructure locations

 Commenced application process for additional construction permits

 Continued negotiations with potential providers of power and port facilities, engineering of pipelines and equipment manufacturers of long lead time items

 Continued evaluation of optimum plant and other facility configuration – updated feasibility study expected in third quarter of 2011

On a 100% basis, capital expenditures, excluding capitalized interest, during the three months ended June 30, 2011 amounted to $21 million, with year-to-date expenditures totalling $32 million. Goldcorp is responsible for funding New Gold’s 30% share of capital costs.

As disclosed on January 13, 2010, New Gold received a Statement of Claim filed by Barrick Gold Corporation ("Barrick") in the Ontario Superior Court of Justice, against New Gold, Goldcorp and affiliated subsidiaries. The claim relates to the transactions announced on January 7, 2010, the ultimate completion of which resulted in New Gold and Goldcorp becoming partners at El Morro. Barrick also subsequently filed a motion to amend its claim to add various Xstrata entities as defendants. The trial started in June 2011 and is currently recessed, but will resume in October 2011. New Gold continues to believe that the claim is without merit.

Blackwater Acquisition Completed – Aggressive Exploration Started

On June 1, 2011, New Gold closed the acquisition of Richfield thus adding the exciting Blackwater Project to the company’s pipeline. Blackwater is located in central British Columbia, with New Gold’s share of the initial mineral resource estimate including 1.8 million ounces of indicated gold resources and an additional 2.0 million ounces of inferred gold resources. The company looks forward to building on this initial resource and on June 8 / 14

Blackwater Second Quarter Highlights

15, 2011, New Gold announced an expanded drill program that will see the company drill between 40,000 and 50,000 metres in the second half of 2011.

Since acquiring the project on June 1st, the company has been very active in preparing for its continued exploration and development, highlights of which include:

 Successfully retained majority of geologic staff and consultants

 Established site safety and environmental standards consistent with New Gold standards

 Commenced implementation of sustainability program including proposed sourcing from local communities and related discussions with local First Nations, government and regulatory officials

 Added fifth drill rig on June 15th

 Completed over 6,200 metres of drilling in June (16 holes)

 Commenced upgrade of 17-kilometre access road to site

 Commenced camp expansion for accelerated drill program

 Continued environmental baseline program

 Continued trade-off studies on potential locations for site facilities

 Identified samples for further metallurgical test program

New Gold looks forward to providing further updates on the Blackwater exploration results through the third and fourth quarters as the deposit remains open in all directions and at depth. The company is targeting an updated resource estimate in early 2012.

Key Financial Information

New Gold’s cash balance at June 30, 2011 was $490 million. The company had $247 million of debt outstanding at the end of the second quarter comprised of $185 million of 10% senior secured notes due in 2017 (face value of C$187 million), $46 million of 5% convertible debentures due in 2014 (face value of C$55 million and C$9.35 strike price) and $16 million in El Morro project funding loans.

2011 Outlook

Through the first six months of 2011, New Gold has produced 196,100 ounces of gold at total cash cost(1), net of by-product sales, of $353 per ounce. New Gold is pleased to reiterate its production and cost guidance for 2011 with gold production of 380,000 to 400,000 ounces at total cash cost(1) per ounce sold, net of by-product sales, of $390 to $410 per ounce. The combination of operational execution and the continued strength of silver and copper prices have allowed the year-to-date total cash cost(1) to be below the guidance range despite relative foreign exchange rates and industry-wide cost inflation negatively impacting costs. 9 / 14

Looking forward to the second half of 2011, the three operations should remain relatively consistent with targeted increases in gold production from Peak Mines offsetting any potential drop in production from Mesquite and Cerro San Pedro. Depending on the relative movements of silver and copper prices versus certain input costs and foreign exchange rates, total cash cost(1) are expected to be below the guidance range thus offering shareholders superior margins. The company’s three exploration/development projects should continue to advance meaningfully with multiple catalysts anticipated in the second half of 2011.

NEW JERSEY MINING NJMC

New Jersey Mining Company is involved in exploring for and developing gold, silver and base metal resources in the Coeur d'Alene Mining District of northern Idaho. New Jersey Mining Company has a portfolio of mineral properties in the Coeur d'Alene Mining District including the Toboggan project, the Niagara copper-silver deposit, the Golden Chest project, the New Jersey mine, and the Silver Strand mine. The New Jersey mine includes a fully-permitted flotation mill and concentrate leach plant.

New Jersey common method of operation is to drive access ramps from the surface directly through ore bodies indicated as rich deposits so that they can accomplish two things at once. The Ramps are needed for surface access to further exploit the deposits and the rich ore material is extracted in the ramping process is milled at their New Jersey Mill in Kellogg and sold to pay expenses. This is a true sign of managements understanding of survival and growth of a junior exploration and now a producer. New Jersey has implemented this process at 3 of its operations, the Golden Chest Mine near Murray Idaho, the New Jersey Mine 3 miles east of Kellogg and the Silver Strand Mine about 19 kilometers east-northeast of Coeur d'Alene, Idaho. Although they state they are looking for funding to speed up the process in their developments, they also state that this will be done only if the funding terms are reasonably and to their liking. This pioneer attitude is one of the many reasons why New Jersey Mining will become a valuable company in the coming years.

The recent failure of the Toboggan Joint Venture Project with Newmont one of the 5 largest companies in the world was not due to the Toboggan property but Newmont's inability to adapt it's large economy of scale operation to the more diverse projects in Northern Idaho which is best left to the smaller companies like New Jersey. The entire project has been returned to New Jersey along with all the data collected it the Joint Venture.

June 9, 2011 New Jersey Mining Company Announces Drill Results from Golden Chest Mine

KELLOGG, IDAHO – Thursday, June 9, 2011 -- New Jersey Mining Company (OTCBB:NJMC)  and Marathon Gold Corporation (MOZ-TSX) are pleased to announce continuing results from their core drilling program underway at the Golden Chest mine in Murray, Idaho.  All drill intersections in this release are undiluted.

Surface core drilling has been focused on extending the current underground reserve block on the Idaho vein down dip and to the north, and has been successful. Drill hole GC-11-6 intersected 2.0 meters (true thickness) of the Idaho vein assaying 9.31 grams per tonne (g/t) gold.  A total of 13 holes were completed in this area of Idaho vein drilling, and the assays have been received for 8 of these holes.  Two drill rigs will now focus on the definition and expansion of open pit resources on the property.  Four of the open pit drill holes have been completed.

An underground drilling program has been completed at the project about 400 meters north of the Idaho vein drilling in an area of the mine known as the Katie-Dora.  Drilling here in GC-U11-7 returned 54.6 g/t over 1.1 meters and GC-U11-8 returned 34.44 g/t over 1.4 meters, both through what is thought to be the Katie vein.  The Katie-Dora drilling has experienced difficult drilling conditions in a zone of fractured rock that appears mineralized, but poor recovery has resulted in insufficient sample mass.

Highlights:

• GC-11-6 returned 9.31 g/t gold over 2.0 m (true thickness) about 30 meters below the existing underground reserve.

• Core drilling of the Idaho vein down dip of the No. 3 Level has been successful in increasing the area of gold mineralization down dip and to the north of the current underground reserve.

• A hanging wall vein above the Idaho vein called the “H” vein was intercepted four more times.

• GC-U11-7 and GC-U11-8, intercepted 54.6 g/t over 1.1 meters and 34.44 g/t over 1.4 meters, respectively, and confirmed the presence of high grade gold mineralization in the Katie-Dora area of the mine near existing workings.

• Drilling has started on the open pit resource drilling where two drill rigs will drill at least 56 holes with a goal of creating a NI 43-101 compliant resource by year end. 

The intercepts from the Idaho vein range from 65 to 160 meters vertically below the No. 3 level which is the lowest level developed on the Idaho vein.  The drilling completed this year on the Idaho vein has defined an area about 100 meters north and 100 meters down dip of the current underground reserve block. 

Phillip Walford, President of Marathon Gold Corp. commented “The intersections of the Idaho vein demonstrate that the structure is robust and does have high grade areas typical of lode gold veins. More work is justified in delineating the higher grade areas. The drill results in the north end of the mine are consistent with high grades which were historically mined, and so are very encouraging.  Our current drilling program, which is designed to define an open pit resource this year, is very important in the overall potential development of the property. We have really just started systematic exploration of the mine and property.”

The Golden Chest Mine

The Golden Chest Mine is located two miles east of Murray, Idaho within the gold belt of the Coeur d’Alene Mining District.  Golden Chest LLC operates the mine and is owned 50% by NJMC and 50% by MOZ.  A surface and underground drilling program of at least 10,000 meters is planned for 2011 with the goal of producing a NI 43-101 compliant resource estimate for the property.

The mine has over 3,900 meters of underground workings and has the permits necessary to drill and operate on the deposit. The property includes 24 patented mining claims and 70 unpatented mining claims covering 497 hectares. The patented claims that cover the mine workings have mineral and surface rights enabling the JV to work easily on the mine property.

Gold mineralization can be found along at least 1,500 meters of strike length along the Idaho fault on the property. The veins in the north end of the mine were historically mined at higher grades, estimated to have been 17 g/t gold, whereas the Idaho vein in the south end of the mine was thicker but lower in grade (175 m length on the main level grading 6.71 g/t gold). The lowest major level of the Golden Chest mine is the No. 3 level, which is near the valley bottom elevation.  The drilling to-date has only probed the Idaho vein about 160 meters below this level in a district known for hosting orebodies that outcrop on surface and continue at depth for 2,500 meters. 

The Idaho vein has an SEC compliant proven and probable underground reserve of 242,000 tonnes grading 5.10 g/t Au containing 40,000 ounces (ozs) of gold. The Idaho vein outcrops and a measured and indicated open pit resource of 1.2 Mt  grading 1.35 g/t Au has been estimated with an additional inferred resource of 5.5 Mt grading 0.98 g/t gold.  The open pit resource estimate was completed in early 2010 using a cutoff grade of 0.5 g/t.

There will be two drills working this summer on the surface to define the open resource on the Idaho vein.  The underground drilling has been suspended to allow the rehabilitation of the main drift of the No. 3 level to progress more efficiently.  This rehabilitation effort will consist of ground repair, the installation of services, and the excavation of drill stations in the high grade Katie-Dora area in preparation for underground drilling this winter.

All of the samples were analyzed by American Analytical of Osburn, Idaho, an ISO certified laboratory.  Samples were analyzed using lead collection fire assay with a gravimetric finish. 

About New Jersey Mining Company:
New Jersey Mining Company is involved in exploring for and developing gold, silver and base metal resources in the Coeur d’Alene Mining District of northern Idaho.  New Jersey Mining Company has a portfolio of mineral properties in the Coeur d’Alene Mining District including the New Jersey Mine which includes a fully-permitted flotation mill and a concentrate leach plant.

For more information on New Jersey Mining Company, please contact:
Grant Brackebusch, Vice President
Phone: (208) 783-1032
E-mail: ir@newjerseymining.com
Website: www.newjerseymining.com

March 16, 2011 New Jersey Mining Company Announces High Grade Intercept of 33.0 g/t Gold Over 2.6 Meters at Golden Chest Mine

KELLOGG, Idaho –Wednesday, March 16, 2011 -- New Jersey Mining Company (OTCBB:NJMC)  and Marathon Gold Corporation (MOZ-TSX) are pleased to announce the initial results from their core drilling program underway at the Golden Chest mine in Murray, Idaho.  All drill intersections in this release are undiluted.

Surface core drilling through the Idaho vein, in an area north of the current reserve, returned 33.0 grams per tonne (g/t) gold over 2.6 meters (m) true thickness including 0.9 m of 62.6 g/t in GC-11-2.  Visible gold was observed in this Idaho vein intercept.   Five surface drill holes have been completed to date with each intercepting the Idaho vein, and extending the vein to the north and down-dip into areas where no previous drilling has taken place.  Assays are pending for holes GC-11-3 to GC-11-5.

An underground drilling program is also underway at the project about 400 meters north of the surface drilling in an area of the mine known as the Katie-Dora area.  Drilling here in GCU-11-2 returned 103.4 g/t over 0.8 meters through the Katie vein.   The underground drilling is focused on exploring for high-grade ore shoots in the northern part of the mine where existing workings provide excellent access to explore the Idaho fault corridor. 

Highlights:

• GC-11-2 returned 33.0 g/t gold over 2.6 m (true thickness) in an area north of the existing reserve and down-dip of the main level – the No. 3 level.

• GC-11-1 returned 6.25 g/t gold over a 4.4 m (true thickness) further north of the GC-11-2 intercept, and within the 230m gap between the Idaho vein reserve and the Katie-Dora area where no previous drilling has occurred.

• A hanging wall vein above the Idaho vein was intercepted by both GC-11-1 and GC-11-2, grading 4.90 g/t gold over 1.3 m and 7.83 g/t gold over 1.1 m, respectively.

• GCU-11-2 intercepted 103.4 g/t gold over 0.8 meters only 5.9 meters from the existing ramp.

• GC-11-3 intercepted the Idaho vein about 158 meters vertically below the No. 3 level  and is the deepest intercept to date on the Idaho vein.  Assays are pending.

Grant Brackebusch P.E., Vice President of New Jersey Mining Co. commented,” The gold grade of GC-11-2 is the highest drilled to date on the Idaho vein, and both intercepts of the Idaho vein are significant as they indicate that the vein is extending at depth in a mining district known for its deep-seated orebodies.”

The Golden Chest Mine

The Golden Chest Mine is located two miles east of Murray, Idaho within the gold belt of the Coeur d’Alene Mining District.  Golden Chest LLC operates the mine and is owned 50% by NJMC and 50% by MOZ.  A surface and underground drilling program of at least 10,000 meters is planned for 2011 with the goal of producing a NI 43-101 compliant resource estimate for the property.

The mine has over 3,900 meters of underground workings and has the permits necessary to drill and operate on the deposit. The property includes 24 patented mining claims and 21 unpatented mining claims covering 206 hectares. The patented claims that cover the mine workings have mineral rights and surface rights enabling the JV to work easily on the mine property.

Gold mineralization can be found along at least 1,500 meters of strike length along the Idaho fault on the property. The veins in the north end of the mine were historically mined at higher grades, estimated to have been 17 g/t gold, whereas the Idaho vein in the south end of the mine was thicker but lower in grade (175 m on the main level grading 6.71 g/t gold). The lowest major level of the Golden Chest mine is the No. 3 level, which is near the valley bottom elevation.  The drilling to-date has only probed the Idaho vein about 160 meters below this level in a district known for hosting orebodies that outcrop on surface and continue at depth for 2,500 meters. 

The Idaho vein has an SEC compliant proven and probable underground reserve of 242,000 tonnes grading 5.10 g/t Au containing 40,000 ounces (ozs) of gold. The Idaho vein outcrops and a measured and indicated open pit resource of 1.2 Mt  grading 1.35 g/t Au has been estimated with an additional inferred resource of 5.5 Mt grading 0.98 g/t gold.

There are two drills working on site, one on surface and one underground. The surface drill will move up slope to drill the open pit resource in the Idaho vein when the snow is gone sometime in the second quarter. The underground drill will continue to drill in the northern half of the mine where there is high grade potential.

All of the samples were analyzed by American Analytical of Osburn, Idaho, an ISO certified laboratory.  Samples were analyzed using lead collection fire assay with a gravimetric finish. 

About New Jersey Mining Company:
New Jersey Mining Company is involved in exploring for and developing gold, silver and base metal resources in the Coeur d’Alene Mining District of northern Idaho.  New Jersey Mining Company has a portfolio of mineral properties in the Coeur d’Alene Mining District including the New Jersey Mine which includes a fully-permitted flotation mill and a concentrate leach plant.

For more information on New Jersey Mining Company, please contact:
Grant Brackebusch, Vice President
Phone: (208) 783-1032
E-mail: ir@newjerseymining.com
Website: www.newjerseymining.com

January 11, 2011 New Jersey Mining Company Finalizes Agreement to Expand Mill

KELLOGG, Idaho – New Jersey Mining Company (NJMC: OTCBB) is pleased to announce that it has signed a Definitive Agreement with United Mine Services, Inc., a subsidiary of United Mining Group, Inc. (UMG.TO) forming a joint venture that will expand the New Jersey flotation mill in order to process silver ore from the nearby Crescent silver mine as well as ore from the Company’s mines.

UMG will pay all the expansion costs, estimated to be $2.3 million, to expand the mill to a nominal processing rate of 15 metric tonnes per hour or 10,000 metric tonnes per month (mtpm).  UMG will have the right to 7,000 mtpm with NJMC retaining the right to the remaining 3,000 mtpm.  Either party may use the other’s milling capacity, if the other party is not using it. 

The agreement calls for NJMC to be the mill operator and own 66% of the joint venture.  NJMC will receive a fixed per tonne fee for acting as the manager of the milling operation.  Long lead time items such as the ball mill and cone crusher are expected to be ordered this month, and the initial schedule calls for the mill expansion to be completed in the first quarter of 2012.  Fred Brackebusch Company President commented, “The New Jersey Mill Joint Venture will be beneficial to both NJMC and UMG by reducing operating and capital costs for processing ores from both companies.”

About New Jersey Mining Company:
New Jersey Mining Company is involved in exploring for and developing gold, silver and base metal resources in the Coeur d’Alene Mining District of northern Idaho.  New Jersey Mining Company has a portfolio of mineral properties in the Coeur d’Alene Mining District including the New Jersey Mine which includes a fully-permitted flotation mill and a concentrate leach plant.

For more information on New Jersey Mining Company, please contact:
Grant Brackebusch, Vice President
Phone: (208) 783-1032
E-mail: ir@newjerseymining.com
Website: www.newjerseymining.com

PACIFIC RIM PFRMF PMU

July 27, 2011
Pacific Rim Mining Announces Fiscal 2011 Year End Results

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 PMU News Release #11-09
TSX: PMU OTCQX: PFRMF

July 27, 2011

Pacific Rim Mining Announces Fiscal 2011 Year End Results

Pacific Rim Mining Corp. ("Pacific Rim" or "the Company") reports its financial and operating results for the twelve months ended April 30, 2011. Details of the Company's financial results are provided in its audited consolidated financial statements and Management's Discussion and Analysis ("MD&A") that will be publicly filed and made available to shareholders shortly. All monetary amounts are expressed in United States ("US") dollars unless otherwise stated.

Overview
Pacific Rim is an environmentally and socially responsible exploration company focused exclusively on high grade, environmentally clean gold deposits in the Americas. Pacific Rim's most advanced asset is the high grade, vein-hosted El Dorado gold project in El Salvador, where the Company also owns several grassroots gold projects. The Company recently acquired a joint venture option on the Hog Ranch epithermal gold project in Nevada and is actively pursuing additional exploration opportunities elsewhere in the Americas. Pacific Rim's shares trade under the symbol PMU on the Toronto Stock Exchange ("TSX") and on the OTCQX market in the US under the symbol PFRMF.

The El Dorado gold project in El Salvador was the focus of virtually all of the Company's exploration work between 2002 and 2008, when efforts to advance its El Salvador projects, including El Dorado, ceased as a result of the Government of El Salvador's ("GOES") passive refusal to issue a decision on the Company's application for environmental and mining permits for the El Dorado project. The El Dorado project is now the subject of a legal dispute initiated by the Company's subsidiary and owner of the El Dorado project, PacRim, under the Dominican Republic-United States-Central America Free Trade Agreement ("CAFTA") and the Investment Law of El Salvador (the "CAFTA/ILES" action). Notwithstanding the ongoing CAFTA/ILES legal action, the Company continues to seek a negotiated resolution to the El Dorado permitting impasse and to renewing its advancement of the El Dorado project.

The Company recently commenced exploration work at it's newly acquired Hog Ranch gold project in Nevada. Assessments of the geology, structure and mineralization at Hog Ranch lead the Company to believe the property has significant potential for the discovery of underground, high-grade epithermal veins. These types of systems have been the focus of the Company's efforts for over a decade. Management is particularly excited to have secured this exceptional opportunity where we can capitalize on our expertise in a jurisdiction where regulations are clear and rule of law is assured.

The Company's business plans and management talent primarily lie in gold exploration in the Americas. Accordingly, management has renewed its focus on the acquisition of new projects of merit that fit its exploration objectives. In March 2011 the Company signed a letter of intent to acquire a 65% joint venture interest in the Hog Ranch epithermal gold property in northern Nevada. Subsequent to the end of fiscal 2011, a Definitive Agreement was executed between the Company and the Hog Ranch vendors, and exploration plans for Hog Ranch are now being coordinated. Earlier in fiscal 2011, the Company signed a letter of intent to acquire the Remance gold project in Panama. Formal acquisition of Remance remains on hold however, and is highly uncertain at this time, pending the outcome of an appeal launched by the property vendors in response to the Government of Panama's recent denial of an extension to the Remance concession term. If this roadblock is overcome, the Company will proceed with the Remance acquisition. In the meantime, the Company is focusing is exploration efforts on the Hog Ranch property and on the ongoing search for additional project acquisitions.

All references to "Pacific Rim" or "the Company" encompass the Canadian corporation, Pacific Rim Mining Corp, and its: U.S. subsidiaries Pac Rim Cayman LLC ("PacRim"), Pacific Rim Exploration Inc., and Dayton Mining (U.S.) Inc.; Salvadoran subsidiaries Pacific Rim El Salvador, S.A. de C.V. ("PRES") and Dorado Exploraciones, S.A. de C.V. ("DOREX"); and, Panamanian subsidiary Minera Verde, S.A. ("Minera Verde") inclusive.

Results of Operations
For the fiscal year ended April 30, 2011, Pacific Rim recorded a loss for the period after discontinued operations of $(4.0) million or $(0.03) per share, compared to a loss of $(5.0) million or $(0.04) per share for the fiscal year ended April 30, 2010 and $(6.3) million or $(0.08) per share for the fiscal year ended April 30, 2009. The decrease in net loss for fiscal 2011 compared to fiscal 2010 is primarily related to decreased exploration expenditures, general and administrative expenses, and costs related to the CAFTA/ILES action, offset in part by a gain on the sale of bullion during fiscal 2010 for which there is no comparable item during fiscal 2011. The decrease in net loss for fiscal 2010 compared to fiscal 2009 is primarily related to significantly decreased exploration expenses, offset in part by significantly lower net income from the Denton-Rawhide joint venture as a result of the sale by the Company of its interest in the joint venture during fiscal 2009.

Expenses
Due to the cessation of the El Dorado drilling program in July 2008 (early fiscal 2009) and the reduction of other exploration expenses at all of the Company's projects, exploration expenditures decreased significantly over the past three fiscal periods, from $5.5 million in fiscal 2009 and $1.8 million in fiscal 2010 to $1.3 million in fiscal 2011.

General and administrative expenses were reduced significantly in fiscal 2010 due to reductions in staffing as well as the generally lower level of business activity undertaken by the Company. This lower level of business activity continued during fiscal 2011. General and administrative costs were $1.2 million in fiscal 2011 compared to $1.4 million in fiscal 2010 and $3.7 million in fiscal 2009.

CAFTA/ILES-related expenses totalled $1.6 million during fiscal 2011 compared to $2.2 million during fiscal 2010 and $nil for fiscal 2009. The increase in CAFTA/ILES-related expenses between fiscal 2009 and fiscal 2010 reflects the commencement of the arbitration process and the build up to activity in advance of the Preliminary Objection phase of the arbitration. Between mid-fiscal 2010 and early fiscal 2011, arbitration-related activity decreased following the Preliminary Objection decision, and then increased again in 2011 in preparation for the hearings related to the Jurisdiction Objection which took place subsequent to the end of fiscal 2011.

During fiscal 2010 the Company realized a $0.6 million gain on the sale of bullion, and a $0.2 million financing expense associated with the extension of warrants issued during the 2008 financing, for which there were no comparable items during either of fiscal 2011 or 2009.

The Company booked a small foreign exchange gain of $0.1 million during fiscal 2011 compared to foreign exchanges losses of $0.02 million during fiscal 2010 and $0.2 million during fiscal 2009, primarily reflecting the impact of the US-Canadian dollar exchange rate on the Company's Canadian dollar-denominated investments on hand.



Unusual Items
The Company received income of $0.04 million and $3.2 million from the Denton-Rawhide operation during fiscal 2010 and fiscal 2009 respectively. The Company's interest in Denton-Rawhide was sold during fiscal 2009 though income was received into early fiscal 2010. There was no income from the Denton-Rawhide operation during fiscal 2011.

Summary
As a result of decreased exploration expenditures, general and administrative costs and CAFTA/ILES arbitration-related expenses, the Company's loss for fiscal 2011 was reduced to $(4.0) million or $(0.03) per share from previous fiscal periods ($(5.0) million or $(0.04) per share for fiscal 2010 and $(6.3) million or $(0.08) per share for fiscal 2009).

Liquidity and Capital Resources

Cash
During fiscal 2011 the Company's cash and cash equivalents decreased by $1.0 million from $1.3 million at April 30, 2010 to $0.3 million at April 30, 2011. Short-term investments increased year over year from $nil at April 30, 2010 to $0.8 million at April 30, 2011. As a result of the decreased cash and the increase in short-term investments, current assets decreased by $0.2 million year over year from $1.4 million at April 30, 2010 to $1.2 million at April 30, 2011. This decrease reflects cash spent on exploration expenses and project generation efforts, general and administrative costs associated with maintaining a public company, and expenditures related to advancing the CAFTA/ILES action, offset by the proceeds of a private placement equity financing undertaken by the Company during fiscal 2011.

The Company's financial statements have been prepared on the basis that the Company will continue as a going concern, which assumes that the Company will be able to meet its commitments, continue operations, realize its assets and discharge its liabilities in the normal course of business for the foreseeable future, there are events and conditions that cast substantial doubt on the validity of that assumption. The Company will require additional financing in the future to continue to conduct ongoing exploration programs and to meet future property commitments, for administrative purposes and for legal expenses related to the CAFTA/ILES arbitration action. The legal costs for this legal action are substantial and are anticipated to increase should the case proceed to the merits phase. The Company believes it will be able to obtain the necessary financing to meet the Company's requirements on an ongoing basis; however, there can be no assurance that the necessary financing will be obtained.

The Company's ability to continue operations and exploration activities as a going concern is dependent upon its ability to obtain additional funding. The Company will need to undertake future financings sufficient to fund ongoing exploration and administration expenses as well as anticipated costs for the CAFTA/ILES arbitration. While the Company has been successful in obtaining its required funding in the past, there is no assurance that sufficient funds will be available to the Company in the future or will be available on favourable terms. Factors that could affect the availability of financing include the outcome of any rulings pertaining to PacRim's CAFTA/ILES action, any significant progress on the El Dorado project permitting application that may develop, progress on any of the Company's exploration properties, the state of international debt and equity markets, investor perceptions and expectations and the global financial and metals markets. As it has in the past, the Company plans to obtain additional financing through, but not limited to, the issuance of additional equity.

[The foregoing two paragraphs contain forward-looking statements regarding the requirement for financing and the use of funds that may be raised. See Forward-Looking Information.]

Working Capital
At April 30, 2011, the book value of the Company's current assets was $1.2 million, compared to $1.4 million at April 30, 2010, a reduction of $0.2 million. The decrease in current assets is primarily a result of expenditures of cash, offset by the addition of cash from the sale of securities under a private placement financing. Property, plant and equipment balances at April 30, 2011 were negligibly lower than the April 30, 2010 balance ($5.46 million $5.49 million respectively).

At April 30, 2011 the Company had current liabilities of $1.64 million marginally higher than the April 30, 2010 balance of $1.58 million due to a slight increase in accounts payable and accrued liabilities. Of the accounts payable and accrued liability balances, $1.4 million at April 30, 2011 and $1.1 million at April 30, 2010 is due to one vendor associated with PacRim's arbitration action.

The $0.2 million decrease in current assets combined with the marginal increase in current liabilities, resulted in a $0.2 million reduction in working capital from $(0.2) million at the end of fiscal 2010 to $(0.4) at the end of fiscal 2011.

Subsequent Change to Working Capital
On May 3, 2011, immediately subsequent to Pacific Rim's fiscal 2011 year end, the Company closed a private placement financing through which a total of CDN $3,696,000 was raised through the issuance of 17,600,000 units ("Units"). Each Unit issued in this financing consists of one common share in the Company and one half of one non-transferable share purchase warrant ("Warrant") that entitles the holder to acquire one additional common share of the Company at a price of CDN $0.30 for a period of 24 months following the closing of the financing. Pacific Rim reserves the right to accelerate the exercise period of the Warrants should its common stock trade above CDN $0.50 for 20 consecutive trading days. The Units were subject to a four-month trading restriction that began on the day of issuance and will expire on September 3, 2011. The Company also issued 233,400 Units to certain finders (the "Finders") in connection with the private placement, in payment of a finder's fee of 6% of the proceeds raised from subscribers introduced by the Finders, and issued 716,400 warrants to Finders representing 6% of the total number of Units sold to purchasers introduced by the Finders.

Financial Condition
The Company does not intend to resume significant exploration programs in El Salvador until such time as the El Dorado environmental permit and exploitation concession are received. The Company can not judge if or when the required permits will be received and is not currently planning any exploration programs for its El Dorado, Santa Rita and Zamora-Cerro Colorado properties for fiscal 2012 beyond what is necessary to keep all of its exploration licences in good standing. Should the required permits be granted, the Company will evaluate its options for resuming full scale exploration work designed to advance its El Salvador projects.

The Company intends to commence a Phase 1 exploration program at the Hog Ranch property during fiscal 2012, including a roughly 15-hole drill program late in the fiscal year. Acquisition of the Remance project is in doubt and therefore, no exploration plans are being contemplated at this time. However, if a final acquisition agreement on Remance is signed, as per the terms of the Remance LOI the Company will be responsible for conducting a $1 million exploration program in the first year of the option period. The Company intends to continue its project generation initiatives with the aim of evaluating and possibly acquiring new exploration properties of merit that fit its exploration focus.

The Company anticipates that its fiscal 2012 exploration plans as outlined above will cost approximately $1.6 million, with a further $1 million required in the event the Remance property is acquired. With the cash balances currently on hand (as a result of the private placement financing that closed in May 2011), the Company believes it has the financial resources required to carry out its planned exploration programs but not the contingent exploration expenditures related to the potential Remance acquisition or additional CAFTA/ILES expenses. The Company anticipates the requirement for additional financing during or subsequent to fiscal 2012 in order to fund future ongoing exploration programs.

[The foregoing two paragraphs contain forward-looking statements regarding the scope and anticipated costs of exploration and generative work programs management intends to undertake during fiscal 2012. See Forward-Looking Information.]

The Company's general and administrative costs are expected to remain stable during fiscal 2012. Expenditures related to PacRim's arbitration claim are expected to continue at present or modestly higher levels during fiscal 2012, and are dependent on the level of arbitration activity. The Company has currently accumulated a liability of approximately $1.4 related to the CAFTA/ILES arbitration action, which is partly responsible for the Company's current working capital deficit. The Company is currently discussing vendor-specific alternative financing opportunities that will reduce this accounts payable position.

[The foregoing paragraph contains forward-looking statements regarding anticipated general and administrative expenses for fiscal 2012, and the requirement for additional financing to fund legal costs and/or future general working capital expenses. See Forward-Looking Information.]

The business of mining and exploration involves a high degree of risk and there can be no assurance that any of the Company's current exploration projects will result in profitable mining operations. The Company has no source of revenue, and will require additional cash to continue fund legal, exploration and administration expenses. As at April 30, 2011, the Company has a working capital deficit of $0.4 million (which has since been remediated), has incurred losses since inception and has an accumulated deficit of $90.1 million. The Company's ability to continue operations and exploration activities as a going concern is dependent upon its ability to obtain future funding. Despite the Company's successful May 2011 private placement financing, the Company will need to raise additional funds during or subsequent to fiscal 2012 to support ongoing exploration and administration expenses as well as its costs under PacRim's CAFTA/ILES arbitration action. While the Company has been successful in obtaining its required funding in the past, there is no assurance that sufficient funds will be available to the Company in the future, or be available on favourable terms. Factors that could affect the availability of financing include progress in obtaining the sought-after El Dorado mining permits, progress on or resolution of the CAFTA/ILES claim including the outcome of the Jurisdiction Objection, results from the Hog Ranch Phase 1 exploration program, the completion of the Remance project acquisition and/or the acquisition of other exploration projects, the state of international debt and equity markets, investor perceptions and expectations and the global financial and metals markets. Additional financing will require, but may not be limited to, the issuance of additional equity.

Outlook
The Company is imminently commencing a Phase 1 exploration property at it's recently acquired Hog Ranch property in Nevada, which will consist of field mapping and sampling, geophysical survey and a 10-15-hole drill program to test both the near surface and underground vein potential of this known gold district.

The Company's acquisition of the Remance property is on hold and highly uncertain at this time, pending the vendor's legal appeal of the Government of Panama's recent decision to deny extension of the Remance concession term. While the Company is keeping the Remance LOI in effect during Minera Clifton's appeal, it does not intend to sign a final agreement to acquire the Remance project unless the term of the concession is extended.

The Company will continue to curtail its exploration programs and expenditures in El Salvador until such time as PRES receives the El Dorado environmental permit and exploitation concession. The Company remains confident that it will either receive the El Dorado permit and mining concession or that it will be appropriately compensated.

The Company continues to seek new project opportunities in North and Central America.

The Company believes its principal risks are its ability to acquire new exploration projects of merit, its ability to fund the ongoing CAFTA/ILES arbitration action to a just conclusion, its ability to fund future exploration plans and ongoing general and administrative expenses and its ability to maintain its TSX listing. The Phase 1 Hog Ranch exploration program will consume the bulk of the Company's cash resources earmarked for exploration during fiscal 2012. If the Remance project is acquired, the Company will require additional financing to undertake an exploration program, as per the terms of its Remance letter of intent, that is anticipated to cost approximately $1.0 million. Additional exploration work required to keep all of its El Salvador projects in good standing, and exploration expenses related to the Company's generative programs, will continue through fiscal 2012 and for the foreseeable future. The Company anticipates that it will require additional financing in late fiscal 2012 or early fiscal 2013 in order to fund its ongoing exploration, administrative and legal expenses.

[The foregoing paragraph contains forward-looking statements regarding the Company's exploration plans and anticipated costs during fiscal 2012, its expectation of settling the El Dorado permit impasse, and its anticipated requirements for additional funding. See Forward-Looking Information.]

The Company's general and administrative costs are expected to remain stable during fiscal 2012. Expenditures related to PacRim's CAFTA/ILES arbitration action are expected to continue at present or modestly higher levels as during fiscal 2012, and are dependent on the level of arbitration activity. The Company is currently discussing vendor-specific alternative financing opportunities that will reduce its accounts payable and accrued liabilities, the majority of which are payable to a single vendor involved in the arbitration and/or for general working capital expenses and/or future expenses related to the CAFTA/ILES claim.

[The foregoing paragraph contains forward-looking statements regarding anticipated general and administrative expenses during fiscal 2012, and the potential requirement for additional financing for general working capital purposes and/or legal fees related to the CAFTA/ILES action. See Forward-Looking Information.]

The Company will continue to seek opportunities for dialogue with the GOES aimed at resolving the El Dorado permitting situation. The Company and its subsidiaries have a well-documented history of supporting local inhabitants and building relationships with all stakeholders. This is a key component of the Company's approach to exploration and development, and will continue in all jurisdictions in which it and its subsidiaries operate.

Unless these diplomatic efforts are successful, PacRim's CAFTA/ILES arbitration action is expected to proceed during fiscal 2012 and beyond. The Company is currently awaiting a ruling from the ICSID Tribunal Panel on the GOES's Jurisdiction Objection, anticipated in late calendar 2011. The Company may seek traditional or alternative financing arrangements during fiscal 2012 specifically ear-marked for legal expenses.

[The foregoing paragraph contains forward-looking statements regarding the expectation of ongoing legal undertakings. See Forward-Looking Information]

On behalf of the board of directors,

"Thomas C. Shrake"

Thomas C. Shrake
President and CEO

Shoshone Silver/Gold Mining Company

SHOSHONE IS WELL ON IT'S WAY TO A LONG LIFE OF PRODUCTION AT THE RESCUE MINE AND OTHERS AFTER IT. MEDIUM/LONG HOLD MAKING SURE THAT ON THE SALE IT HAS REACHED IT'S REAL TOP. MAY HAVE A SECOND RUN AFTER THE APPEARANCE OF A TOP. I DO NOT EXPECT IT TO BE BOUGHT OUT AS IT HAS PLENTY OF RICH CLAIMS TO MINE AND LITTLE DEBT AND PLENTY OF MACHINARY. IT'S STOCK PRICE WILL NOT TOP OUT FOR ANOTHER 2 YEARS WITH A POSSIBLE BUMP HIGHER IN THE FINAL RUN FOR A YEAR AFTER THIS AS MENTIONED ALREADY. NO SURPRISES IN THIS ONE ONLY A STEADY PRICE CLIMB ONCE PEOPLE GET TIRED OF PAYING THE HIGH PRICES FOR THE GIANT COMPANIES AND FINALLY TURN THEIR ATTENTION TO THE GOOD JUNIOR PRODUCER/EXPLORATION COMPANIES LIKE SHOSHONE.

Shoshone is a company with an impressive portfolio of properties including approximately 2,692 acres (1,090 hectares) in its "Silver Division", approximately 2,125 acres (896 hectares) in its "Gold Division", and approximately 200 acres (80 hectares) of "Potential Platinum" properties. Shoshone has two operational ore processing mills, one for silver and one for gold, minimal corporate debt, a large inventory of mining equipment owned by the company, and top management with over 106 years of mining industry experience. "With the Lakeview Mill back into silver production, Shoshone can now shift its focus to bringing the company's 120 ton per day mill adjacent to its Rescue Gold Mine near Warren, Idaho back into gold production as soon as possible. You have to just let this one grow as I see no worries in it. Just did a quick look at their website and they have 8 gold projects and 8 silver projects and 1 platinum project. This is a company you hang on to and wait for it to top out in a couple of years. The need no one and have survive and prospered during the toughest times of the government metal suppression scam. No worries on this one. Buy more on the pull back. Shares Outstanding 43,431,037 a/o May 13, 2011 and they have never done a Reverse Split since 1969. This tells the quality of the company. All their assets are in northern Idaho and when the country goes to hell they will be in a protected region do to location and the type of people the live there.

Established in 1969 as a silver exploration, development and production company, Shoshone Silver/Gold is located in Coeur d’ Alene, Idaho. Shoshone operated its Lakeview District mines and Lakeview mill in northern Idaho, successfully producing silver, gold, and base metals for much of the decade that followed.

With the decline of silver and other metal prices in the 1980’s, Shoshone began to focus on acquiring new properties and diversifying its interests while still developing its Lakeview properties. During this period of time, the Company remained viable when many other mining companies had to close their doors. Shoshone increased its inventory of mining equipment for the future and kept its corporate debt level to a minimum.

In April of 2010, Shoshone regained the status of being a production company once more. Shoshone signed a contract with a smelter in Canada to process the silver concentrates being produced by Shoshones Lakeview, Idaho mill. The first shipment of silver concentrates was trucked up to Trail on April 15, 2010 for smelting. A second, larger shipment of concentrates, was trucked to the same Canadian smelter on December 10, 2010.

In 2009, the Company acquired Kimberly Gold Mines, Inc. and its exceptional portfolio of gold properties in central Idaho and central Washington. After the addition of the Kimberly gold properties to Shoshone’s existing gold properties, the Company changed its name from Shoshone Silver Mining Company to Shoshone Silver/Gold Mining Company. In late 2009, Shoshone leased 35 patented mining claims known as the “Camp Project” claims from Merger Mines Corporation. These claims are located in the heart of Idaho’s famous “Silver Valley.”

Shoshone is a company with an impressive portfolio of properties, including approximately 2,803 acres (1,135 hectares) in its “Silver Division”, approximately 2,125 acres (896 hectares) in its “Gold Division”, and approximately 200 acres (80 hectares) of “Potential Platinum/Polymetallic” properties. Shoshone has two operational ore processing mills: one for silver and one for gold, minimal corporate debt, a large inventory of mining equipment owned by the company, and top management with over 106 years of mining industry experience.

Shoshone Silver/Gold, Pending Projects for 2011

2010-10-20 14:36 ET - News Release

COEUR D' ALENE, ID -- (MARKET WIRE) -- 10/20/10

Shoshone Silver/Gold Mining Company (OTCBB: SHSH) Shoshone's pending plans for 2011 include, but are not limited to, the following:

Exploration work on the patented "Camp Project" claims in the Silver Valley

Located in the center of the "silver belt" of the prolific silver-producing Coeur d' Alene Mining District, the Camp Project claims lie west of the Coeur and Galena Mines and east of the Sunshine Mine. The Camp Project claims encompass 630 acres of patented ground.

Geology of the Camp Project group of claims is similar to that of the Silver Summit (ConSil) portion of the Sunshine Mine. Prominent fault structures that have hosted millions of ounces of silver productions elsewhere, such as the Polaris fault, the Silver Summit vein fault and the Chester fault all trend through the Camp Project claims area. The north limb of the Big Creek anticline, which hosts some of the major silver deposits in the district, also trends through the Camp Project area. Results of 13,200 feet of exploration geophysics performed during 2005 indicate a high chargeability/low-resistivity anomaly indicative of sulfide mineralization. This anomaly extended from near the surface to the maximum sensitivity of the test instrumentation in a generally east-west orientation and appears to increase in depth to the east. The Silver Summit, Chester, Wire Silver, "D", and Chester-Polaris "Hook" Veins all originate in or extend into the Camp Project claims at depth. This property has been dormant for the last 20 years. With the rising silver prices, now is the time to expedite Shoshone's exploration activities.

Exploration work on Northern Idaho Mining Properties

Located in Boundary County, which is in far northern Idaho, Shoshone's properties are truly polymetallic in nature. There are two types of mineralization present on these properties. There is a low-grade, high volume copper, nickel, platinum group elements mineralization present in the basic sills, and a high-grade, low volume polymetallic (copper, lead, gold and silver) vein running through the sill.

In the past, these properties have been explored by diamond drilling, IP (induced polarization) testing, and with a magnetometer study. The results of these past tests will form the blueprint for further exploration.

Shoshone is seeking a joint venture partner for exploration of their non-developed properties.

ABOUT SHOSHONE SILVER/GOLD MINING COMPANY

Founded in 1969 as a silver exploration, development and production company, Shoshone maintains a diverse portfolio of mineral explorations projects in Idaho, Montana, Arizona and Washington. Shoshone stock trades on the Over the Counter Bulletin Boards (OTCBB) under the symbol "SHSH", and on the Frankfort Exchange under the symbol "9IT".

www.shoshonesilvergoldmining.com

Rescue Mine SHSH

This mine sould be in operation before the end of 2010 and be a big producer again for years.

Located in central Idaho, this former gold producer has been an intermittent exploration target since the 1860’s, having reported historical grades averaging nearly one ounce of gold per ton (oz/t), with roughly 60% of the mineralization in the form of free gold, and the remainder associated with sulphides. Tests performed by prior mine owners indicated that up to 88% of free gold is recoverable by a gravity circuit and that up to 80% of the sulfide-hosted gold is recoverable by either cyanide leaching or roasting.

This acquisition provides a strong foothold for establishing an operational mill in a historically mineral-rich region, affording eventual opportunity to process ores from satellite mining operations. Included in this purchase was a complement of mining equipment, including surface excavation equipment, power generators, air compressors, pneumatic drills, LHD’s, maintenance and shop equipment, ventilation fans, pumps and other essential items.

The prior owners have invested considerable resources toward indentifying specific exploration targets, developing exploratory drill programs, safety and environmental compliance, site cleanup, mine rehabilitation, and restoration of the mill facility.

Mine Highlights

• 500 Total Acres | 202.34 Hectares

• NI 43-101 Report completed

• 120 ton per day, on-site mill Mineral

Mineral Resources

Initial channel sampling conducted with the Rescue Mine returned gold assays as high as 9.6 oz/t over a two-foot width, 7.4 oz/t over a one-foot width, and 5.5 oz/t over a one-foot width.

The 43-101 Report's independent author recommended that the owners should “make the Rescue Gold Mine exploration their first priority as this property has the greatest potential to yield resources defined to an adequate degree of confidence to allow further development of the property. The geology of this property is most predictable in terms of defining additional mineralization and the potential to discover additional mineralized shoots is high thereby boosting tonnage per vertical foot and the economics for development. The Rescue Mine also has a small mill on site, with demonstrated ability to recover gold mineralization from the Rescue Mine mineralization.”

Milestone Progress

2009

• Completed merger to acquire Kimberly iiGold Mines, Inc.

• Installed Knelson concentrator

• Updated and remodeled Rescue Mine mill iito make it MSHA compliant

• Made test runs of the Rescue Mine mill using stockpiled ore

• Installed Rescue Mine tailings pond liner and pond water piping

• Completed construction of large staging building to service the Rescue Mine

• Drafted plans to reopen one or more Rescue Mine portals

2008

•Shoshone Silver Mining Company completes LOI to acquire the Rescue Mine

2007

• 21 hole, 8,090 foot diamond drill program, designed to test five specific areas

• Rehabilitation of Rescue No. 2 Portal completed

• Knelson KC-CD20MS concentrator ordered for 120 ton per day mill

2006

• Mandatory repairs and essential clean-up projects undertaken

• Access bridge refurbished

• Storage buildings refurbished

• Percolation pond dikes raised and discharge cleaned

• Water drainage ditches excavated

SHOSHONE SILVER/GOLD, SUMMER 2010 UPDATE

Coeur d' Alene, ID – October13, 2010 –Shoshone Silver/Gold Mining Company

(OTCBB:SHSH) is proud to submit the following update report for 2010.

New Adit Site Prepared For Rescue Gold Mine

Site preparation was done for a new adit in Trahl Gulch which is located approximately

1,000 feet east of the Rescue Mill portal. The new adit is designed to provide immediate

access to an unmined portion of the Rescue Gold Vein. When completed, the Trahl Gulch

adit will provide a secondary escape way for the Rescue Mine and will function as a vital

part of the mine’s ventilation exhaust loop.

Rescue Mill Work Progress

Shoshone concentrated this summer on readying the Rescue Mill for production at the

earliest date possible. MSHA compliance work is virtually complete, including the

installation of guarding devices, where required, for mill machinery and equipment.

Additionally, all electrical circuitry was inspected and installed by a certified electrical

contractor. The mill electrical system was upgraded wherever necessary to bring it fully

into compliance with MSHA guidelines. Shoshone estimates the Rescue Mill

modifications will be 97% completed before winter.

New Staging Building

Electrical work, which included installation of electrical panels, lights and power outlets,

was completed in the large staging building which was erected next to the Rescue Mill

portal last summer to service operations in the Rescue Mine. The new building is now

fully MSHA compliant. This work was completed by the electrical contractor that

upgraded the mill. Additionally, a diesel generator was installed by the contractor to

provide power to the Rescue Mine as part of Shoshone’s ongoing preparations to bring

the Rescue Mine and mill back into production.

Diamond Drilling on Rescue Gold Mine Properties

In August, Shoshone diamond drilled 6 exploratory holes from 3 different locations on

the Rescue Mine properties. The drilling program confirmed that the Rescue Vein

structure continues at depth and that it continues east and west along strike as predicted.

Assay results are pending at this time.

Silver King Lease-close to Rescue Mine

Shoshone negotiated and signed a new lease for the Silver King patented claims. The

Silver King Vein lies directly east of the town of Warren, Idaho, in close proximity to the

Rescue Mine claims. This property covers 174 acres and encompasses at least 1,500 feet

of the known strike length of the Silver King Vein which continues to the east and the

west for an as yet unknown distance.

KIMBERLY MINE

The Kimberly Mine is a past producing mine located in the Marshall Mountain Mining District of central Idaho and approximately 20 miles south of Riggins.

When originally purchased by Kimberly Gold Mines in 1999, the goal was to return the mine to production, so energy was focused on rehabilitating the mine’s access tunnels, while exploring for additional mineralization. There are several portals, and several thousand feet of underground workings across the claims. Target areas include the Kimberly / Gold Crest Vein, focusing between the Gold Crest No. 2 and new Fisher Levels, as well as the Crystal Tunnel, which provides access to the Crystal, Digger and Kimberly Veins. Shoshone intends to develop resources within the mine to provide supplemental mill feed for the nearby Rescue Mill, located a short 35 miles to the southeast.

The site also includes a historic 100 ton per day ball mill, with gravity and flotation circuits, some of which may eventually be utilized at the Rescue Mill. This mill was historically used to process the ores produced from the Gold Crest No. 2 Level in 1960.

Mine Highlights

• Nearly 500 Acres | 200.32 Hectares

• 10 separate tunnels explore 7,500 feet of previously producing workings

• NI 43-101 Report completed

Mineral Resources

Overall, the Kimberly Mine Veins are narrow, high grade, gold-silver veins, ranging from less than 1 to over 10 oz/t, in moderately to steeply dipping parallel quartz veins that range from a few inches to several feet thick, and swell and pinch along strike and down dip. Gold occurs in the free state with sulphides, with gold-enriched zones or shoots potentially continuing for up to several hundred feet in length. Geological findings indicate that it is likely the Kimberly Structure is a network of veins, braided, sub-parallel, or en echelon within a vein zone that extends roughly three miles along strike. Historic data from the Gold Crest No. 2 Level indicates grades of up to 19 ounces per ton in gold.

Milestone Progress 2008-Shoshone Silver Mining Company completes LOI to acquire the Kimberly Mine

Princeton Gulch Group

The Princeton Gulch Group is located in the mountainous terrain on the eastern slope of the Deerlodge Range in Western Montana. The area has been sporadically explored and operated by small scale owner / operators since the late 1800’s. While historical exploration and workings have shown much promise, no large-scale operations have brought modern exploration equipment and technology into the area.

Claims Highlights

120 Total Acres | 48.56 Hectares

Claim Geology

The claim group’s country rocks are folded and faulted marbles, phyllites and quartzites of Jurassic / Cretaceous Age. The Royal stock outcrops less than 1 mile east of this claim group. The metamorphism is a result of the emplacement of the Royal stock and other nearby stocks and batholiths.

The claims host placer deposits within 18’ of bedrock along the floor of the gulch. The load claims could potentially host fissure veins found and exploited on adjacent claims and properties.

Shoshone's Lakeview Mill located in Bonner County, Idaho.

SHOSHONE SILVER/GOLD TO SHIP METALS CONCENTRATES TO

SMELTER.

Coeur d' Alene, ID –March __, 2010– Shoshone Silver/Gold Mining Company

(OTCBB:SHSH) is pleased to announce that it has sold silver concentrates produced at

Shoshone's Lakeview Mill in northern Idaho to a smelter for refining. The shipment

containing approximately 14 tons of silver/gold/lead/zinc concentrates will be shipped to

the smelter in early April by truck as soon as all of the appropriate forms are completed

and a contract signed with a trucking company to transport the concentrates.

With the return of favorable metals prices, Shoshone has aggressively pursued the

transition back from being an exploration company to being a silver and gold producing

company once more. This first shipment of metals concentrates produced at the Lakeview

Mill since the early 1980's is a milestone for Shoshone because it signals Shoshone's

reemergence as a production company after a long hiatus.

"With the Lakeview Mill back into silver production, Shoshone can now shift its focus to

bringing the company's 120 ton per day mill adjacent to its Rescue Gold Mine near

Warren, Idaho back into gold production as soon as possible," stated Shoshone's

President, Lex Smith.

ABOUT SHOSHONE SILVER/GOLD MINING COMPANY

Shoshone is a company with an impressive portfolio of properties
including approximately 2,692 acres (1,090 hectares) in its "Silver Division",
approximately 2,125 acres (896 hectares) in its "Gold Division", and
approximately 200 acres (80 hectares) of "Potential Platinum" properties.
Shoshone has two operational ore processing mills, one for silver and one
for gold, minimal corporate debt, a large inventory of mining equipment
owned by the company, and top management with over 106 years of mining
industry experience.

SILVER BUCKLE MINES SBUM

I received the below email from the management of Silver Buckle Mines on November 5^th 2010 in response to my inquiry about the status of the company and the known mineral claims it has. As the this email shows all the mineral claims of the company are leased to U.S. Silver Corp that expires on 3/21/2017. The full details of the lease are provided in the email. Silver Buckle Mines in Wallace, Idaho is one of the oldest companies in the rich Silver Valley Mining District of Northern Idaho. The 87 mineral claims are prime silver deposits just waiting to be produced on. The 87 claims was formerly leased in 1997 to Coeur d'Alene Mines Corporation, the largest silver mine producer in the world. Coeur d'Alene in the years after the lease expanded so rapidly that it had to shed some of it's long term assets like the Silver Buckle lease to concentrate on the projects in current operation and thus the sale to U.S Silver Corporation.

With the rapidly rising demand and price for silver world wide it is reasonable to expect that attention will so be brought to the production on the claims. As the management says in the email, they will be inquiring into the future status of the lease activity. It is just a mater of time before this company takes off in price. As silver prices rise steadily as they have been and then go parabolic so will all companies involved. Silver Buckle Mines has no debt, no financial out put and a lease for all of their 87 mineral claims for production. Theirs is a total win situation and for investors who are in no rush. Buy this company now at such low prices and put it on your retirement shelf as it's stock price will ripen as the months and years go by.

U.S. Silver Corporation, the formerly private firm headquartered in Wallace, has completed its merger into Chrysalis Capital III Corporation, a publicly traded Canadian company. Shares are trading on the TSX under the new symbol “USA”. Last summer, the firm bought the Silver Valley properties of Coeur d'Alene Mines. This included one asset that’s now operating: the Galena Mine… and two that aren’t: the Coeur Mine and the 5,000-foot deep Caladay exploration shaft. U.S. Silver has said it plans to boost spending on exploration and development, but there’s no official word on expected production levels at the Galena this year. Outfits with property under lease around the Galena include American Silver (PinkSheets:ASLM)… Sterling Mining (OTCBB:SRLM)… and Silver Buckle Mines (PinkSheets:SBUM).

SILVER BUCKLE MINE EMAIL

I received you inquiry regarding Silver Buckle Mines, as you stated the Company has 87 unpatented mining claims near the Galena Mine and the Caladay shaft.

These claims were leased in 1997 to Coeur d'Alene Mines Corp, at that time the operator of the Galena Mine and owner of the Caladay. I think in 2006 Coeur d' Alene Mines sold this operation and the Silver Buckle lease to a new entity U.S Silver Corp (USSIF). Silver Buckle Mines does not have a web site. But, base on our communications with US Silver last year and in the first part of 2010, they had no intention of exploring on the Silver Buckle properties in the near future. At that time, they had limited funding, major repairs on going on their shaft and closer less expensive targets to explore. Since that time, silver prices and US Silver Corp's stock price and financial conditions have improved greatly. Our board will be visiting with U.S. Silver management soon to review their plans for our properties. Our lease with U.S. Silver Corp expires 3/21/2017. The lease provides for a minimum 20% net profits royalty, which increases based on the price of silver up to a 40% when silver is above $16.50 / ounce. The leaser also pays the annual BLM fees, pays a monthly advance royalty which is currently $600, and has to perform $125,000 of work on or for the benefit of our property every five years.

Dennis O'Brien-Silver Buckle Mines

Silver Falcon Mining, Inc. SFMI

This company is moving fast to go in full production on existing mine that is on long term lease from another company with smelter percent. They have large tailing piles from previous operations that they are reworking in their mill to supply the funds for opening up the mine again. I like this company and the energy exhibited by those involved.

Silver Falcon Mining, Inc.'s (SFMI) CEO Releases Milling Assays and Updates Its $7.2M Funding Arrangement

Marketwire Posted 9:45 AM 06/13/11

BRADENTON, FL -- (Marketwire) -- 06/13/11 -- Silver Falcon Mining, Inc. (OTCBB: SFMI) is very pleased to report on four random assays on the material mill feed at its Murphy, Idaho, 100% owned Diamond Creek Mill facility. The assay reports on the tables below.

The Company, also reports on the filing of its Form S-1, finalizing the initial steps of its $7.2 million equity agreement with Centurion Private Equity, LLC.

Table #1-Throughput Feed

Four Random Assays of Tailings Fed (FEED) to the Mill on the Listed Dates

Sample Test Au/grams Ag/grams Total Troy

Size (g) Weight %Au %Ag per ton per ton ounces Date

----------------------------------------------------------------------------

29.16 .68 2% 98% .42296 20.72504 .68 5/2/11

29.16 .99 1% 99% .30789 30.48111 .99 5/10/11

29.16 .42 20% 80% 2.6124 10.4496 .42 5/17/11

29.16 .9 6% 94% 1.6794 26.3106 .9 5/23/11

NOTE: Gold and Silver grades (Au and Ag) are expressed both as a percentage and in grams. Samples are collected at set times during the day and night shifts. As can be seen above, quantities of precious metals vary greatly from day to day as can be expected in tailings that were dumped haphazardly more than a century ago.

Table #2-Concentration Outputs*

Four Random Assays of CONCENTRATE from the Mill on the Listed Dates

Sample Au/grams Ag/grams Total Troy

Size (g) %Au %Ag per ton per ton ounces Date

----------------------------------------------------------------------------

29.16 68% 32% 107.8548 50.7552 5.1 5/2/11

29.16 25% 75% 108.85 326.55 14 5/10/11

29.16 23% 77% 71.53 239.47 10 5/17/11

29.16 29% 71% 261.551 640.349 29 5/23/11

NOTE: It should be noted that the sampling above represent ONLY a spot check of the concentrate accumulated daily. Only upon smelting of this material will the quantities of BULLION DORE produced provide accurate contents of Gold and Silver.

*Since our closed circuit milling process keeps material in circulation in the mill until the concentrator removes the precious metals and sends them to the concentrate tank, we cannot precisely gauge the amount of Gold and Silver as separate items until the concentrate reaches the smelting process.

CEO's Statement

"Every time I look at the performance of the market and look back at the assays coming out of our onsite laboratory, I am nonplussed at the market reaction to what is, in my opinion, an unqualified success, given the fact that we are processing 100 year old tailings from which Gold and Silver had already been extracted. Comparing ore extraction methods at that time, to that of today's standard, they were less than 60% efficient. It is a testament to both the exceptional quality of original ore content of precious metals and our employees' ability to extract the amount of Gold and Silver left in those tailings; this should be even more apparent as we move towards production of precious metal from the ore contained in the underground veins," said Pierre Quilliam, CEO of SFMI.

He further states,"The mill circuit, as configured, will allow SFMI to create capital from the sale of ore, as well as ready the whole production line to handle prime ore from the underground veins of the War Eagle Mountain property. Our near-term efforts include augmenting our production capacity to produce more Gold and Silver from the old tailings atop War Eagle Mountain and our long term efforts in the identification, exploration, development, and extraction of the ore bodies remaining inside the mountain."

Exploration and Development QA/QC Protocols

Silver Falcon's exploration and development program is supervised by the Company's President, Mr. Roger Scammell, P. Geo. Exploration will be conducted under strict quality assurance and quality controls (QA/QC) protocols, including mineralized standards. Half of all sampled core will be retained for future reference at the Company's core shack, and analyses will be performed by the Company's on-site laboratory and by an Independent laboratory, to be named at the beginning of core drilling operations.

Funding Arrangement

On March 11, 2011, the Company announced it secured a $7.2 million equity purchase funding Commitment from Centurion Private Equity, LLC, an Affiliate of Institutional Investor Roswell Capital Partners. SFMI filed, on June 3, 2011 an S-1 registration with the United States Securities and Exchange Commission regarding this equity agreement with Centurion Private Equity, LLC.

Mr. Paul Gorski, Senior Investment Officer at Roswell Capital, said, "I am very excited at the progress made by Silver Falcon Mining (SFMI) and we are standing by to provide them with the necessary capital and support for them to achieve their full potential, now and in coming years."

About Silver Falcon Mining, Inc.

SFMI has mineral rights to approximately 2,000 acres on War Eagle Mountain in southern Idaho; its Diamond Creek Mill is situated at the foot of War Eagle Mountain and is serviced by 6.2 miles of paved roads from State Highway 78. It maintains year round access to the Sinker Tunnel which will facilitate underground mining of the rich veins that crisscross the mountain. The Company hires and has access to a mining oriented local workforce.

On behalf of the Board of Directors of Silver Falcon Mining, Inc.:

Pierre Quilliam, Chief Executive Officer

Further Information, contact Mr. Rich Kaiser, Investor Relations, 757-306-6090 and/or www.silverfalconmining.com.

SFMI cautions that the statements made in this press release constitute forward-looking statements, and makes no guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.

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Contact:

Mr. Rich Kaiser

Investor Relations

757-306-6090

Silver Falcon Mining, Inc.'s (SFMI) President Provides Operational Update

Marketwire Posted 9:25 AM 06/02/11

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MURPHY, ID -- (Marketwire) -- 06/02/11 -- Silver Falcon Mining, Inc. (OTCBB: SFMI) acquired the War Eagle Mountain property mining rights on the basis of its extensive gold/silver vein systems through a multi-year lease agreement from GoldLand Holdings, Co. (OTCBB: GHDC). These properties are well documented in historical archives, and many mineralized zones are over one mile in length. Over the last 7-months, due to lack of geological expertise and access to the mountain due to weather inaccessibility, the Company's focus shifted from the exploration potential of the mountain to the processing of tailings. Realizing the need for personnel with mining experience, the Company hired Roger Scammell, a great asset, with over 40 years of experience in the Northern and Central American mining industries. Roger has been associated with four exploration successes, two of which are now producing mines.

From management's perspective, the processing of the current tailings stockpile is of secondary importance to that of the exploration potential. It was, and is intended to prepare and fine tune the mill to extract gold and silver for further production and future acquisition. At the current throughput and anticipated grades, any cash flow that the mill generates is intended to augment the Company's finances. In the interim, it is the intention of the Company, to secure higher grade material from the existing dumps/tailings to increase the Company's cash flow. Once it has been re-determined which dumps contain economic mill grades, a program of removal and transport will be closely monitored to ensure that QA/QC (quality assurances and quality controls) is strictly enforced. The Company intends to ensure that only worthwhile material for processing is delivered to the plant to ensure quality and promote further revenue streams.

Beginning July 2011, the Company will embark on a two-year aggressive exploration program. This project will focus primarily on the Sinker Tunnel (Sinker) and the surface of War Eagle Mountain. On the surface of War Eagle Mountain, the Company will begin with its Great Western property, located at the northern portion of the Oro Fino-Mahogany/Red Bird Mineral Trend Zones. Since last year, due to snow cover, there has been no opportunity to advance the surface exploration. Once the mountain is accessible, the company will conduct a geological and sampling mapping program. This will lead to the definition of favourable veins and mineralized structures that will require follow-up diamond drilling later in the year. The Company is in the process of acquiring necessary permits, which are being processed expeditiously. In preparation, for the exploration program, available data is being compiled on the claims currently leased by SFMI from the BLM (Bureau of Land Management) and GoldLand Holdings, Co. At the same time, another key aspect to the growth of the Company is the acquisition of additional mineral claims and lease agreements for the numerous other existing areas on the mountain.

The re-habilitation of the Sinker is well underway and the entire tunnel and cross-cuts are now accessible. The vein structure is very well exposed along the cross-cut extending along the tunnel from the Oro Fino in the north to the Mahogany/Redbird in the south, a distance of approximately 7,720 feet. The Sinker will not only provide year- round access to this principal vein but also allows an opportunity to explore it and other parallel structures. Since the Sinker is located below and along the Oro Fino, Golden Chariot, Cumberland, Minnesota, Mahogany and Red Bird vein structures, this would allow the development of these mines below the existing workings.

President, Mr. Roger Scammell said, "At a recent Board of Director's meeting, management was given full support and the budgets were approved to proceed with the Company's business plan for the coming year and I wish to thank them personally. The Company is well financed to achieve its objectives and I look forward to the upcoming exploration programs which should give this Company the necessary requirements for obtaining listings on other North American and European stock exchanges. As always, I thank all shareholders at SFMI for their on-going support."

Silver Falcon Mining, Inc. (OTCBB: SFMI) is a developer and explorer of mineral resource properties, primarily in Owyhee County, Idaho, USA, with the objective of being a profitable, low-cost, precious metal producer and creating significant growth in shareholder value.

Further Information contact: Rich Kaiser, Investor Relations, 757-306-6090 and/or visit http://www.silverfalconmining.com.

Starfield Resources Inc. OTCBB:SRFDF

Starfield Resources Inc. is an advanced exploration and development stage company focused on its 100%-owned Ferguson Lake property in Nunavut, Canada. With claim blocks spanning over 625,000 acres, and resources containing over 44 million tonnes, the Ferguson Lake project is the largest base metal (nickel-copper-cobalt) and PGE (platinum-palladium-rhodium) project in Nunavut.

Starfield Resources Inc. is an advanced exploration and development stage company.  The Company's primary asset is its Ferguson Lake nickel-copper-cobalt-platinum-palladium property in Nunavut, Canada.  Additional assets include a nickel-copper-cobalt-PGE-chrome project in the Stillwater district of Montana with historic copper, nickel, chromite resources (non 43-101 and not to be relied on); the Moonlight copper project in California with significant NI 43-101 copper resources; and two gold properties currently leased/joint ventured in Nevada.

Starfield has also funded the development of a novel, environmentally friendly and energy efficient hydrometallurgical flow sheet to recover metals from massive sulphides.

Hydromet Compatibility Of Ferguson Lake Massive Sulfides

Contract Signed to Build & Operate Hydromet Mini-Pilot Plant

Toronto, Ontario – May 24, 2011 – Starfield Resources Inc. (TSX: SRU) (OTCBB:

SRFDF) (“Starfield”, “the Company”) today announced positive preliminary test results

on the processing of Ferguson Lake ore.

The hydrometallurgical technology being developed is engineered to recover base metals

from massive sulphides at the Company’s Ferguson Lake project in Nunavut in an

environmentally friendly, cost effective and energy efficient manner.

Testing has been performed by SGS Canada Inc. in Lakefield, Ontario. Phase I testing,

completed in the summer of 2010, successfully demonstrated continuous operation of the

oxidation and hydrolysis sections of the hydrometallurgical process using a synthetic feed

(primary leach solution). Phase II testing began in the fall of 2010 and concluded

successfully in April 2011, successfully demonstrating the oxidation and hydrolysis

sections using actual feed made from Ferguson Lake massive sulphides.

Results from testing of the primary and secondary leach circuits show recoveries of 97%

copper, 96% nickel, and 88% cobalt from a bulk sulphide concentrate produced from

Ferguson Lake ore into the leach solution. The remaining metals, including PGEs, were

left in the leach residue.

“These are excellent results, far better than any of us could have hoped for at the outset of

this last round of test work,” said André Douchane, President and CEO of Starfield.

“We’ve now taken the next step and contracted SGS to build and operate a mini-pilot

plant at their facilities in Lakefield.”

Leach solution generated from the bulk Ferguson Lake concentrate was used to

successfully demonstrate stable, continuous, simultaneous operation of the two enabling

steps in the hydrometallurgical technology, i.e. oxidation and hydrolysis. The solution

from the primary leach was continuously oxidized and the oxidized solution was sent

directly to continuous hydrolysis. Two campaigns of one week each were run. The

target oxidation level (80% of the ferrous iron in the leach solution) was achieved and in

both campaigns reached up to 90%.

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120 Adelaide Street West, Suite 900, Toronto, Ontario, Canada M5H 1T1

The extent of hydrolysis achieved also substantially exceeded expectations - the expected

extent was about 30% per pass, compared to just over 70% achieved, with the operation

of the hydrolysis reactor remaining stable.

The solution from the oxidation and hydrolysis campaigns was used in a continuous

secondary leaching campaign, and the solution from the secondary leach was re-oxidized

in a secondary oxidation step in which 97% to 98% of the ferrous iron was oxidized.

Targeted oxidation of the same material at 80% for a single pass was achieved in 18

hours of residence time, with the oxidation level increasing to as much as 90% in the

subsequent 30 hours of residence time.

Hydrolysis tests on synthetic solution altered its content to produce from 20% to 26%

hydrochloric acid. Higher acid levels in the range of 34% could be produced, but

unacceptably high amounts of iron oxide were generated as a by-product. Interim

filtration of the solution was used to remove iron oxide, along with acid washing of the

same iron oxide to reduce the residual chlorine to less than 1%. The overall efficiency of

the oxidation and hydrolysis circuits now approach 100%.

The mini-pilot plant is expected to be operational by early calendar 2012. Including

operational testing and construction costs, it is expected that the cost of the plant will be

between $4.2 and $4.8 million, depending on how quickly the plant achieves

continuously efficient operation. The mini pilot plant will be of sufficient size that a

facility capable of processing up to 5,000 tonnes of Ferguson Lake material per day could

be engineered.

The technical information in this news release has been reviewed by Ray Irwin, BSc,

P.Geo, a Qualified Person in accordance with National Instrument 43-101.

About Starfield

Starfield Resources Inc. is an advanced exploration and development stage company.

The Company’s primary asset is its Ferguson Lake nickel-copper-cobalt-platinumpalladium

property in Nunavut, Canada. Additional assets include a nickel-coppercobalt-

PGE-chrome project in the Stillwater district of Montana with historic copper,

nickel, chromite resources (non NI 43-101 and not to be relied on); the Moonlight copper

project in California; and two gold properties currently leased/joint ventured in Nevada.

Starfield has also funded the development of a novel, environmentally friendly and

energy efficient hydrometallurgical flow sheet to recover metals from massive sulphides.

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120 Adelaide Street West, Suite 900, Toronto, Ontario, Canada M5H 1T1

About SGS

The SGS Group is the global leader and innovator in inspection, verification, testing and

certification services. Founded in 1878, SGS is recognized as the global benchmark in quality

and integrity. With more than 59,000 employees, SGS operates a network of over 1,000

offices and laboratories around the world.

Starfield Reports Results For The Fourth Quarter And

Year Ended February 28, 2011

Toronto, Ontario – May 3, 2011 – Starfield Resources Inc. (TSX: SRU)(“Starfield”,

“the Company”) today announced that its financial results for the fourth quarter and year

ended February 28, 2011 have been filed on SEDAR.

For the three and 12-month periods ended February 28, 2011, Starfield incurred costs for

exploration and related equipment totaling $0.5 million and $3.9 million, respectively.

The expenditures in the fourth quarter were directed toward property maintenance and

assay from this year’s drilling program. Administrative expenditures amounted to $0.7

million and $2.0 million for the three and 12 months ended February 28, 2011,

respectively.

During the quarter ended February 28, 2011, as previously reported, Starfield raised $5.1

million through private placements, and at February 28, 2011, the Company had

approximately $3.9 million of cash on hand.

The annual audited financial statements, management’s discussion and analysis and

additional information are available on the Company’s website and on SEDAR.

Starfield Resources Announces 2011 Programs

Toronto, Ontario – March 7, 2011 – Starfield Resources Inc. (TSX: SRU) (OTCBB:

SRFDF) (“Starfield”, “the Company”) today announced the Company’s operating plans for

2011.

The Board of Directors has approved expenditures for Starfield’s Stillwater and Ferguson

Lake projects, and for continued development of the Company’s hydrometallurgical process.

Exploration drilling at the Stillwater project is scheduled to begin in June. The plan is to

focus the initial drilling on the VEZ PGE target, and as a second priority the PGE target

referred to as the Crescent Creek dunite pipe, which is located south of the Janet 50 area of

the VEZ. Planned drilling will be accomplished with helicopter support due to access, as

well as snow cover, which will last until June.

The Company is reviewing historical data relating to its Stillwater Chrome assets and is

currently requesting price quotes to update the 1988 feasibility study to NI 43-101 standards.

“After a minor permitting delay, we are now ready to commence drilling at Stillwater,” said

Ray Irwin, Vice President of Exploration. “We believe the property holds considerable

potential and we are looking forward to this season’s work.”

At the Ferguson Lake project, plans call for three deep core holes to be drilled. The holes

will be stepped out from the current western boundary of the main deposit, where there are

indications that the mineral occurrence continues to the west and at depth. This season’s drill

program will test those geological assumptions.

The Company has also contracted Roscoe Postle Associates, Inc. of Toronto to update its

2008 scoping study on the Ferguson Lake project. Since the original 2008 scoping study, the

Company has undertaken development activities and certain market conditions have changed.

The results of this scoping study update are expected to be available by late spring 2011.

Testing of Starfield’s hydrometallurgical process using massive sulphides from Ferguson

Lake is ongoing at SGS Canada Inc. in Lakefield, Ontario. Results to date confirm that the

oxidation and hydrolysis circuits work very well with actual Ferguson Lake massive sulfides.

The results also lead the Company to believe that the process can work well with refractory

gold deposits. Definitive testing toward using the hydromet circuit in the processing of

refractory gold will begin in due course. The schedule provides for the current test work to

be completed in June 2011. Once completed, the Company intends to advance testing to the

final pilot plant stage in the second half of 2011, provided funding can be arranged.

Starfield Resources Initiates Review Of Montana Chrome Properties

Tue Oct 5, 7:30 AM

TORONTO, Oct. 5, 2010 /CNW/ - Starfield Resources Inc. (TSX: SRU.TO) ("Starfield", "the Company") today announced that, due to the recent increase in both the demand and price for chrome and chrome products, it has engaged Scott Wilson RPA ("RPA") to review and update an October 1988 feasibility study on its Montana chrome properties.

The Montana chrome properties contain the formerly operating Benbow and Mountain View Mines, which are the only chrome mines to ever produce in North America, and were last operated during the Korean War. A non NI 43-101 compliant feasibility study was completed by James Askew Associates Inc.(Askew) for Chrome Corporation of America in 1988. After an internal review of this study, Starfield believes that its chrome properties in Montana have become economic again. Consequently, Starfield is contracting a third party review in order to verify the Company's view.

Chromite ("FeCr(2)O4") is sold to the steel industry in many forms. It is sold as concentrated ore for smelter feed; as an upgraded concentrate for furnace feed; or further refined as a ferrochrome product. Chrome is an important hardener and anti-corrosive when combined with iron, and a very strategic building material.

The proposal would be to market a 44% concentrate for smelter feed from the Montana mines, which currently sells for approximately Cdn $350 per ton. The Montana chrome properties, now held by Starfield Resources, are reported to contain 50 million tons, grading approximately 22% chromite per ton. Utilizing simple and environmentally friendly gravity separation, past test work has shown that run-of-mine ore can be upgraded to a concentrate containing 44-45% chromite, with a recovery of approximately 78% of the contained chromite.

The previous feasibility study indicated that, based on a mine production rate of approximately 350,000 tons of ore per year (1000 tpd), the concentrator would have an output of approximately 135,000 tons of concentrate for sale per year, grading approximately 44% chromite.

"Starfield is actively pursuing an off-take agreement (a contract for the purchase of product) and/or joint venture agreement in an effort to move this project forward," said Andre Douchane, President and CEO. "We believe that with a positive update of the Askew feasibility study, the Benbow and Mountain View Mines could be reopened and producing within two years. Results of the updated feasibility study are expected by year-end."

THUNDER MOUNTAIN GOLD THMG

Thunder Mountain Gold was founded in 1935 and is an exploration company focused on discovering and defining quality, high-grade precious and base metal projects, primarily in politically stable regions such as the Western United States.  Thunder Mountain Gold – THMG on the OTCBB, and newly listed on the TSX Venture Exchange under the symbol THM, performs its own natural resource exploration and generates value for shareholders by demonstrating the value of its properties through comprehensive exploration, and seeking strategic partners to move its properties into production.  South Mountain, the Company's flagship property located in Owyhee County, Idaho – just north of the Nevada border - is 100% owned and controlled by Thunder Mountain Gold, Inc.  The Company's other precious metals properties include Clover Mountain in Idaho, the Trout Creek and West Tonopah in Nevada and two properties in Arizona.  For additional information please visit www.ThunderMountainGold.com.

ANALYSIS

Thunder Mountain is a junior exploration company that looks to be a long term play with very probable valuable claims but no mining planned on the near term. The latest drill results of Thunder Mountain Gold's 100 % owned flag ship property, South Mountain Mine, which has a land package consisting of approximately 1,200 acres of mostly private land - both owned outright and leased are very good and not unexpected. A new gold discovery was revealed during fieldwork at South Mountain in 2009, and THMG conducted further exploration on the new discovery to further identify the gold potential of the gold bearing intrusive breccia. Thunder Mountain planned a comprehensive drilling and exploration program at South Mountain in 2010 and 2011 as this property is the company's focus for near term production. I contacted the company regarding the referenced mine on location and they replied stating that “ Yes, the South Mountain Mine was In production in the 30`s, and 40`s” and that “This mine will be a producer in the future. We are scoping that possibility currently, and likely will be put back into production with a strategic partner. We have been exploring the down dip extensions, and indications are that the resource is quite large…..much larger than is currently reported. A date for production is not set yet.” The company has the possibility to go into rapid production on the existing mine when the price of gold jumps up as there will be plenty of money and or joint partners to do it with. Even the need for detail drilling could be put aside as the company in the short term could just follow the trend that the miners did in the 1930's and 40's and do simultaneous drilling to guide them further to the richest veins. They already have enough evidence of the richness of this massive area to put it in production again which leads me to the other possibility.

I think that they are taking their time and doing the drilling not to put the 1200 acre South Mountain Mine into operation but to fluff themselves up for a buy out of the company by one of the big mining companies. There has been this past year a rush by the big companies to pick up as many in ground assets as possible and as fast as possible. The quickest way is to buy out the junior exploration companies with large high grade deposits like Thunder mountain has. I believe that before the end of 2011 one of the big boys will have all of Thunder Mountain and the shares holders will do well by then owning shares in the big company. Thunder Mountain wants to increase their bargaining potential with the new drill results and by allowing their own share price to increase at a more rapid pace than the big take over company which would make for a handsome exchange for Thunder Mountain holders including management. To bolster this theory is their December 6^th news release in further acquisitions, “Elko, Nevada and Boise, Idaho – December 6, 2010: Thunder Mountain Gold, Inc. (Company) (OTCBB: THMG; TSX-V: THM), a U.S.-based exploration company focused on discovering and defining high grade, high quality precious and base metal resources, announced today that it has optioned a prospective cobalt/gold property in the Idaho Cobalt Belt Trend, located 15 miles southeast of Formation Metal`s cobalt project in Lemhi County, Idaho.

The cobalt/gold CAS claims are in the Iron Creek Mining District of the Idaho Cobalt Belt. It consists of 46 unpatented lode claims located on U.S. Forest Service managed lands. The property has had extensive geophysical work completed from 2003 through 2006, plus 19 drill holes in some of the anomalous zones.

Under the terms of the option, the Company has until July 31, 2011 to finalize an agreement on the property to acquire 100% interest in the property. Financial terms have not been disclosed.

Jim Collord, President and CEO of Thunder Mountain Gold Inc. commented, “This property has the potential to add significant value to our portfolio of properties, with cobalt and gold mineralization similar to Formation Capital`s proposed mine, and the Blackbird Mine along the same trend.  Our objective with this property would be to advance the potential of the mineralization and to understand the significance of any of the possible rare earth elements."

Thunder Mountain is playing this for the long term whether they mine themselves of sell out at a handsome stock swap to a big company. With only about 27 million common shares issued and outstanding as of September 2010 and no know debt and funding for their drill program through the Spring of 2011 already there, this company has it all in their favor. Either one of the big companies with rush to propose or the individual investors will and the company will do a quick start of their existing mine. Either way they come out a winner. At these low stock prices this company alone can be your retirement package.

Mr. Burdge:

 

Thanks for your interest in Thunder Mountain Gold.  To answer your questions:

 

1)    Yes, the South Mountain Mine was In production in the 30`s, and 40`s.

2)    This mine will be a producer in the future. We are scoping that possibility currently, and likely will be put back into production with a strategic partner. We have been exploring the down dip extensions, and indications are that the resource is quite large…..much larger than is currently reported. A date for production is not set yet.

 

Please stay tuned. I will add you to our targeted email list.

 

All the best,

 

 

Eric T. Jones

Thunder Mountain Gold Inc.

5248 W. Chinden

Boise, ID  83714

208-761-3857 cell

208-658-1037 off

208-322-5626 fax

Eric@ThunderMountainGold.com

Overview

Thunder Mountain Gold owns 100% of the South Mountain Mine, which has a land package consisting of approximately 1,200 acres of mostly private land - both owned outright and leased. A new gold discovery was revealed during fieldwork at South Mountain in 2009, and THMG conducted further exploration on the new discovery to further identify the gold potential of the gold bearing intrusive breccia.

A soil grid survey was completed with over 400 soil samples, along with over 100 rock chip samples to better define the size of the anomalous gold mineralization in the intrusive breccia area to the south of the main part of the South Mountain Mine. The anomalous gold at South Mountain was discovered through rock chip sampling and a soil orientation survey on private land leased by the Company.

The gold mineralization occurs in a multi-lithic intrusive breccia located approximately 2,500' south of the main sulfide replacement mineralization, and covers an area of at least 60 acres. Rock chip samples obtained from outcrop and float in the mineralized area were anomalous with gold values ranging from 0.047 ppm to 5.81 ppm. The Company is upgrading the South Mountain Technical Report to a NI 43-101 compliant resource report in preparation for the TSX-V listing. This report will include all new drilling and sampling on the property.

Thunder Mountain plans a comprehensive drilling and exploration program at South Mountain in 2010 and 2011 as this property is the company's focus for near term production.

History:

South Mountain Claim Group was purchased by Thunder Mountain Gold in 2007 from a private landowner. This flagship property was first mined in the late 1800s. Mineralization consists of skarn-hosted polymetallic sulfide ore bodies hosted in a Paleozoic and/or Mesozoic carbonate unit. The principal metals at South Mountain are silver, zinc, lead, copper, and gold. The property was mined underground extensively during World War II, and smelter records for direct ship from the mine during the periods 1940 through 1954 showed a total of 53,642 tons of ore that contained 15,593,000 pounds of zinc (14.5%), 2,562,300 pounds of lead (2.4%), 1,485,200 pounds of copper (1.4%), 566,439 ounces of silver (10.6 ounces per ton)(opt) and 3,120 ounces of gold (0.058 opt). In addition to the direct ship ore, a flotation mill operated on the property during the mid-1950s, and processed in excess of 20,000 tons of ore.

Clover Mountain - Thunder Mountain Gold controls forty unpatented lode mining claims, covering approximately 800 acres, near Clover Mountain in Owyhee County, Idaho. Historic records indicate limited production of gold and silver ore occurred in the Clover Mountain area in 1917. More recent rock chip sampling has revealed anomalous gold values to 0.058 ounces per ton, with base metal values ranging from a trace to1.25% copper and from a trace to 1.54% zinc in areas of veining near the contact between the granitic stock and northwest trending rhyolitic dikes.

The Trout Creek target in the Reese River Valley area south of Battle Mountain, Lander County, Nevada, was staked by Thunder Mountain in 2007. The target consists of a total of 60 unpatented lode mining claims, and is defined by a regional gravity high-low flexure and also by a magnetic anomaly confirmed through ground magnetic survey initiated by the Thunder Mountain during the summer of 2007. The anomaly is located in the pediment of the Shoshone Range and is covered by what is interpreted to be fairly shallow alluvial fan deposits. Trout Creek is located on an important trend with Newmont's Phoenix Mine and the Gold Acres, Pipeline, and Cortez Mine lie to the southeast.

Thunder Mountain's West Tonopah Property consists of eight unpatented lode mining claims totaling 160 acres in the Tonopah Mining District, Esmeralda County, Nevada. The target is projected to be 500 to 800 feet deep and would initially be tested by surface drilling. The typical veins in this area are projected to be 10-20 feet thick, with ore shoots up to 50 feet thick. Historic mining in the area produced 15 to 20 ounces per ton (opt) silver and 0.15 to 0.20 opt gold. From 1900 to 1952, the Tonopah District produced 174,153,600 ounces silver and 1,861,000 ounces of gold from 8,798,000 tons of ore for an average grade of approximately 20 opt silver and 0.21 opt gold.

Portland Claim Group

Located in Section 12, T.23N.; R.21W. Gila Salt River Base & Meridian, Mohave County, Arizona

Latitude: 35 23' 50" North
Longitude: 114 28' 47" West

Approximately 65 air miles SE of Las Vegas, Nevada and approximately 30 mile NW of Kingman, Arizona

19 unpatented mining claims (380 acres)

Target: Low Angle Detachment Structures Between Tertiary Rhyolite and Precambrian Intrusives

Gold Hill Claim Group

Located in Sections 1 and 12, T.4N.; R.13W. Gila Salt River Base & Meridian, La Paz County, Arizona

Latitude: 33 42' 42" North
Longitude: 113 32' 54" West

Approximately 100 air miles NW of Phoenix, Arizona and approximately six mile SE of Salome, Arizona

22 unpatented mining claims (440 acres)

Target: Low Angle Detachment Structures Between Paleozoic Metasediments and Precambrian Intrusives  

2010 Drilling Program Underway at Thunder Mountain Gold's South Mountain Project

More News related to THMG October 4, 2010 12:18 PM EDT

ELKO, Nev. and BOISE, Idaho, Oct. 4 /PRNewswire/ -- Thunder Mountain Gold, Inc. (OTC Bulletin Board: THMG; TSX-V: THM), a US-based exploration company focused on discovering and defining high grade, high quality precious and base metal resources is pleased to announce that the initial drilling program has begun on its 100 percent owned South Mountain Project located in Owyhee County, Idaho.  The primary focus for this season's drilling is the gold anomaly in the Intrusive Breccia target that covers an area approximately one mile long by nearly one-half a mile wide.  The zone is located approximately 2,500 feet south of the historic South Mountain polymetallic mine area.  Envirotech Drilling of Winnemucca, Nevada has been contracted to drill approximately 3,000 to 6,000 feet (925 to 1,850 meters) of reverse circulation drilling.  The total drilled for this season will depend upon the weather conditions as the Project is located at elevations of up to 7,800 feet (2,400 meters) above sea level.

The initial round of drilling is to test the four main targets associated with the mile-plus long gold breccia zone.  If time allows, additional drill holes are also being designed to test the down dip extensions of the Texas and DMEA 2 sulfide replacement ore zones in the main mine area.  Although these two areas are being targeted separately, the Company believes that there is a relationship between them due to a common mineralizing event.  Although the initial round of drilling will be completed by reverse circulation drilling, any favorable geology and mineralization results encountered will be either simultaneously core drilled or followed by core drilling.  

Jim Collord, President of Thunder Mountain Gold, commented, "The Thunder Mountain Team is excited to begin drilling at the South Mountain Project to test the potential extent and grade of this large gold anomaly.  The recent sample results taken from the road cuts were outstanding and as a result we believe the target has the potential to be more extensive than we initially expected.  With our recently completed $1.2 million private placement we are well positioned to complete this drilling program at South Mountain starting this season and finishing early next year."

About South Mountain

The 100% owned South Mountain Mine was purchased by Thunder Mountain Gold in 2007. This flagship property was first mined in the late 1800s through the 1950s, and consists of a land package of approximately 1,200 acres of mostly private land – both patented and leased.  A new gold target was revealed during fieldwork at South Mountain in 2009, and additional exploration was conducted on the new target to further identify the gold potential of this gold bearing intrusive breccia.

About Thunder Mountain Gold, Inc.

Thunder Mountain Gold was founded in 1935 and is an exploration company focused on discovering and defining quality, high-grade precious and base metal projects, primarily in politically stable regions such as the Western United States.  Thunder Mountain Gold – THMG on the OTCBB, and newly listed on the TSX Venture Exchange under the symbol THM, performs its own natural resource exploration and generates value for shareholders by demonstrating the value of its properties through comprehensive exploration, and seeking strategic partners to move its properties into production.  South Mountain, the Company's flagship property located in Owyhee County, Idaho – just north of the Nevada border - is 100% owned and controlled by Thunder Mountain Gold, Inc.  The Company's other precious metals properties include Clover Mountain in Idaho, the Trout Creek and West Tonopah in Nevada and two properties in Arizona.  For additional information please visit www.ThunderMountainGold.com.

Thunder Mountain Gold, Inc. to Begin Trading on the TSX Venture Exchange on September 24, 2010; Completes US$1.2 Million Private Placement

ELKO, Nev. and BOISE, Idaho and VANCOUVER, British Columbia, Sept. 23 /PRNewswire-FirstCall/ -- Thunder Mountain Gold, Inc. (OTC Bulletin Board: THMG; TSX-V: THM-pending), is pleased to announce that its common shares will commence trading on the TSX Venture Exchange (the "TSX-V") on Friday, September 24, 2010 under the trading symbol "THM".  The Company's common shares will continue to trade in the U.S. on the OTC Bulletin Board.  

Upon closing of the private placement, the Company will have approximately 27 million common shares issued and outstanding.  As part of the Company's listing requirements, an aggregate of 4,799,239 common shares controlled by Company Officers and Directors will be subject to the TSX-V's value security escrow requirements, applicable to a Tier 1 issuer, and will be released from escrow as follows: 25% of the escrowed shares at the time of listing and 25% of the escrowed shares every six months thereafter.

The Company's President, Jim Collord, stated, "We are pleased to finalize our listing on the TSX-V in order to gain access to the Canadian capital markets.  It has been a long process and we are confident that the listing will greatly benefit our shareholders.  We are also pleased to successfully close our latest financing, with the proceeds to be used on our flagship South Mountain Project located in southwestern Idaho.  Drilling is scheduled to commence by early October on the extensive gold anomaly identified by the Company."

As a result of Thunder Mountain's receipt of TSX-V listing approval and commencement of trading, the Company is now in a position to close its previously announced non-brokered private placement.  The Company will receive proceeds of US$922,330 (CAD$950,000) remaining from the sale of 6,208,271 Units.  A finder's fee will be payable to Haywood Securities Inc. on the CDN$950,000, equal to a cash commission of 10 percent and share purchase warrants equal to 10 percent of the Units sold in the Offering.  Proceeds of the private placement will be used for exploration on the Company's South Mountain Project, along with maintenance of other properties.

The securities were offered and sold in connection with applicable exemptions under U.S. and Canadian securities laws; and cannot be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Thunder Mountain Gold, Inc.

Thunder Mountain Gold was founded in 1935 and is an exploration company focused on discovering and defining quality, high-grade precious and base metal projects, primarily in politically stable regions such as the Western United States.  Thunder Mountain Gold performs its own natural resource exploration and generates value for shareholders by demonstrating the value of its properties through comprehensive exploration, and seeking strategic partners to move its properties into production.  South Mountain, the Company's flagship property located in Owyhee County, Idaho – just north of the Nevada border - is 100% owned and controlled by the Company and consists of a majority-private land package of over 1,200 acres.  The Company's other precious metals properties include Clover Mountain in Idaho, the Trout Creek and West Tonopah in Nevada and two properties in Arizona.

THUNDER MOUNTAIN GOLD OPTIONS COBALT/GOLD PROPERTY

IN THE IDAHO COBALT TREND

 

Elko, Nevada and Boise, Idaho – December 6, 2010:  Thunder Mountain Gold, Inc. (Company) (OTCBB: THMG; TSX-V: THM), a U.S.-based exploration company focused on discovering and defining high grade, high quality precious and base metal resources, announced today that it has optioned a prospective cobalt/gold property in the Idaho Cobalt Belt Trend, located 15 miles southeast of Formation Metal`s cobalt project in Lemhi County, Idaho.

 

The cobalt/gold CAS claims are in the Iron Creek Mining District of the Idaho Cobalt Belt.  It consists of 46 unpatented lode claims located on U.S. Forest Service managed lands.  The property has had extensive geophysical work completed from 2003 through 2006, plus 19 drill holes in some of the anomalous zones. 

 

Under the terms of the option, the Company has until July 31, 2011 to finalize an agreement on the property to acquire 100% interest in the property.  Financial terms have not been disclosed.

 

Jim Collord, President and CEO of Thunder Mountain Gold Inc. commented, “This property has the potential to add significant value to our portfolio of properties, with cobalt and gold mineralization similar to Formation Capital`s proposed mine, and the Blackbird Mine along the same trend.  Our objective with this property would be to advance the potential of the mineralization and to understand the significance of any of the possible rare earth elements."

 

Selected assay results from previous drilling are shown below:

 

Diamond Drill Hole	Orientation	Depth (Ft.)	Total Footage (Ft.)	Gold (O.P.T)	Cobalt (%)
IC0302	N10E/-500	254.5 to 275.0	20.5	0.241	0.510
IC0303	N10E/-450	239.0 to 252.0	13.0	0.106	0.260
IC0304	N10E/-500	420.0 to 435.0	15.0	0.243	0.340
IC0307	N50W/-550	125.0 to 155.0	30.0	0.102	0.040

 

 

In addition to the above drill results, a number of anomalous values have been obtained from surface and road cut samples within sulfide-bearing zones.

 

Thunder Mountain Gold will immediately begin reviewing the existing core sample pulps to verify the results above, and to look for the occurrence of rare earth elements. The Company will conduct more detailed surface work (particularly trenching) and additional exploration of specific targets early next field season and upon completion of an agreement with the owner of the claims.

 

Qualified Person – G. Peter Parsley, Professional Geologist, is the Qualified Person as defined by National Instrument 43-101 responsible for the technical data reported in this news release.

 

About Thunder Mountain Gold, Inc.
Thunder Mountain Gold was founded in 1935 and is an exploration company focused on discovering and defining quality, high-grade precious and base metal projects, primarily in politically stable regions such as the Western United States.  Thunder Mountain Gold – THMG on the OTCBB and OTCQB, and newly listed on the TSX Venture Exchange under the symbol THM, performs its own natural resource exploration and generates value for shareholders by demonstrating the value of its properties through comprehensive exploration, and seeking strategic partners to move its properties into production.  South Mountain, the Company’s flagship property located in Owyhee County, Idaho – just north of the Nevada border - is 100% owned and controlled by Thunder Mountain Gold, Inc.  The Company’s other precious metals properties include Clover Mountain in Idaho, the Trout Creek and West Tonopah in Nevada and two properties in Arizona.  For additional information please visit www.ThunderMountainGold.com.

THUNDER MOUNTAIN GOLD DRILLS HIGH GRADE ZINC AND CONFIRMS

EXTENSION OF MINERALIZATION AT HISTORIC SOUTH MOUNTAIN MINE

 

Elko, Nevada and Boise, Idaho – January 10, 2011 - Thunder Mountain Gold, Inc. (Company) (OTCBB: THMG; TSX-V: THM), a U.S.-based exploration company focused on discovering and defining high grade, high quality precious and base metal resources, released the final results of the 2010 drilling program at its South Mountain Project, Owyhee County, Idaho which includes the interception of high grade zinc and confirms the extension of the historic ore zones at the South Mountain Mine. 

 

In addition to the five holes drilled into the new intrusive breccia target to the south of the historic mine area, two reverse circulation holes were drilled to test the down dip extensions of two of the nine historic carbonate-hosted polymetallic ore zones at the historic mine.  The last hole, LO 7, which was placed to test the down-dip extension of the Laxey ore shoot, intercepted 25 feet (600-625 feet) of 8.56% zinc and 1.15 ounce per ton (opt) silver.  This intercept proves the extension of the Laxey ore zone approximately 120 feet below the maximum depth mined during World War II when over 51,000 tons of sulfide ore were mined and direct shipped to the Anaconda Smelter in Utah.  The grade of this ore mined over the 800 feet of shaft and stope mining was 15% zinc, 10 opt silver, 0.06 opt gold, 2.3% lead and 0.7% copper. 

 

Drillhole LO 6 was placed to test the down dip extension of the historic DMEA 2 ore shoot.  As previously reported, this hole proved the down dip extension of the sulfide mineralization to at least 415 feet below the Sonneman Level of the underground workings.  This hole cut 30 feet (760-790 feet) of 3.55% zinc, 1.87 opt silver and 0.271% copper, and 15 feet of 0.06 opt gold internal to the 10 foot intercept. 

 

“We have been particularly pleased with the portion of the 2010 drilling program that tested the extensions of the sulfide ore zones at South Mountain,” said Jim Collord, President and CEO of the Company.  “The positive intercepts demonstrate that the high-grade mineralization continues and is open to depth.  We are planning our detailed core drilling at South Mountain for 2011 to target the extensions of the historic high-grade polymetallic ore zones in order to expand our base and precious metal resource.”

 

The reverse circulation drilling was done under contract with EnviroTech Drilling of Winnemucca, Nevada.   Samples were shipped directly to ALS-Chemex for sample preparation and assaying with insertion of appropriate standards and blanks.  Assay results from the 2010 drill program at South Mountain will be used to update resource categories in the South Mountain NI 43-101 Technical Report.

 

Qualified Person – G. Peter Parsley, Professional Geologist, is the Qualified Person as defined by National Instrument 43-101 responsible for the technical data reported in this news release.

 

About Thunder Mountain Gold, Inc.:

Thunder Mountain Gold, founded in 1935, is an exploration company focused on discovering and defining quality, high grade precious and base metal projects, primarily in politically stable regions such as the Western United States.  Thunder Mountain Gold performs its own natural resource exploration and generates value for shareholders by demonstrating the value of its properties through a comprehensive drilling program and then seeking strategic partners to move the properties into production.  South Mountain, its flagship property located in Owyhee County, Idaho – just north of the Nevada border, is 100% owned/controlled with a mostly private land package of over 1,200 acres.  The Company’s other precious metals properties include Clover Mountain in Idaho, the Trout Creek and West Tonopah in Nevada, along with two properties in Arizona. 

VISTA GOLD VGZ

Vista Gold Analysis

This once tiny company that bought up slews of gold-rich properties for pennies on the dollar years ago when gold was so out of favor nobody would touch them. People thought they were crazy, but now with gold firmly above $1,000, the shoe’s on the other foot. Properties which were virtually worthless when gold was down around $300 an ounce have suddenly become immensely valuable. This once-shunned tiny penny gold, is now sitting on 17.3 million ounces of gold. The street value of that much gold is $17.4 BILLION at $1000 per oz. Now, this tiny penny gold is starting to cash in its chips and bring two of its mines into production. When you have a tiny company bringing tons, of gold to market, you know the shares are ready to move up. This company will be one of the great price percentage gainers in the next 5 years. A bargain at it's current price for a long term hold to sell in 3-5 years from now. See company website for current updates. AMEX www.vistagold.com

Global Gold Resources

Vista Gold Corp. Announces Second Quarter Financial Results and Conference Call With Management

Aug 9, 2011

DENVER, Aug. 9, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex:  VGZ) ("Vista" or the "Corporation") announced today its financial results for the second quarter and the three and six months ended June 30, 2011, as filed today with the United States Securities and Exchange Commission (the "SEC") and the relevant securities regulatory authorities in Canada, in the Corporation's Quarterly Report on Form 10-Q, and announced that a management quarterly conference call is scheduled for Thursday, August 11, 2011 at 10:00 a.m. MDT.

Recent Highlights

• The Corporation recognized an unrealized gain of $77.8 million (before tax) upon the completion of the combination (the "Combination") of Vista's and Midas Gold, Inc.'s assets in the Yellow Pine-Stibnite District in Idaho resulting in the formation of Midas Gold Corp. ("Midas");

• The fair value of the Corporation's consolidated investment in Midas was estimated at $82.5 million at June 30, 2011;

• Midas successfully completed its Initial Public Offering on July 14, 2011; and

• Vista remains debt free and has $33 million in cash at June 30, 2011.

We reported net income of $47.8 million, or $0.69 per basic and diluted share, for the three months ended June 30, 2011.  This is compared to a net loss of $7.3 million, or a $0.16 loss per basic and diluted share, for the same period in 2010.  Year-to-date, we reported net income of $43.9 million, or $0.67 per basic share and $0.66 per diluted share, compared to a net loss of $10.8 million, or a $0.24 loss per basic and diluted share, for the six months ended June 30, 2010.  These improved results are attributable to the unrealized gain of approximately $78 million that we recognized upon the completion of the Combination that was offset by approximately $23.6 million in net deferred taxes.

Our balance sheet at June 30, 2011 benefited from our investment in Midas, which we recorded at fair value estimated at $82.5 million on that date.  This increase was offset by the deferred tax liability of about $29.7 million associated with unrealized gain, which was reduced by $6.1 million for the release of the valuation allowance on our deferred tax asset generated from our net operating losses.  Also reflected in our June 30, 2011 balance sheet is the nearly $29 million we raised on April 20, 2011 in our public offering of 9,000,000 shares of our common stock, offset by $10.3 million in other net expenses for the six-month period then ended.

The following table summarizes selected financial data of Vista.  To review the Corporation's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2011, including Management's Discussion & Analysis, visit any of the following websites:  www.sedar.com, www.sec.gov or www.vistagold.com.  

All dollar amounts in the following table are in thousands of United States dollars, except per share data.

	Three Months Ended		Six Months Ended
Selected Financial Data	June 30, 2011	June 30, 2010	June 30, 2011	June 30, 2010
Results of operations:
Net income/(loss)	$            47,764	$                       (7,278)	$         43,887	$        (10,766)
Basic earnings/(loss) per share	0.69	(0.16)	0.67	(0.24)
Diluted earnings/(loss) per share	0.69	(0.16)	0.66	(0.24)
Net cash used in operating activities	(5,523)	(6,075)	(9,991)	(9,689)
Net cash provided by/(used in)
investing activities	(3,567)	(117)	(3,324)	241
Net cash provided by/(used in)
financing activities	29,395	(2,233)	6,468	(2,233)

Financial Position	June 30, 2011	December 31, 2010
Current assets	$            35,171	$                      42,625
Total assets	157,478	82,972
Current liabilities	1,808	24,630
Total liabilities	25,397	24,630
Shareholders' equity	132,081	58,342
Working capital	33,363	17,995

Management Conference Call

A conference call with management to review our financial results for the quarter ended June 30, 2011 and to discuss corporate and project activities is scheduled for Thursday, August 11, 2011 at 10:00 a.m. MDT.

Toll-free in North America:  1-866-443-4188

International:  1-416-849-6196

This call will also be web-cast and can be accessed at the following web location: http://www.snwebcastcenter.com/event/?event_id=2051

This call will be archived and available at www.vistagold.com after August 11, 2011.  Audio replay will be available for three weeks by calling in North America:  1-866-245-6755, passcode 291097.

If you are unable to access the audio or phone-in on the day of the conference call, please feel free to email questions to Connie Martinez, Manager - Investor Relations, (email: connie@vistagold.com), and we will try to address these questions prior to or during the conference call.

About Vista Gold Corp.

Vista is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer.  After Midas' IPO, Vista holds approximately 30% of Midas, which has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California.

For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

Midas Gold Corp. IPO Values Vista Gold Investment at Cdn$103 Million

Jul 14, 2011

DENVER, July 14, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) ("Vista" or the "Corporation") today announced that Midas Gold Corp. ("Midas") has successfully completed an IPO, issuing 12,307,700 common shares of Midas ("Midas Shares") for gross proceeds of Cdn$40,000,025 million.  Midas Shares began trading on the Toronto Stock Exchange today under the symbol "MAX."  Vista owns 31,802,615 Midas Shares, which following the completion of Midas' IPO represents 30.7 % of the issued and outstanding shares of Midas.  Based on the IPO price of Cdn$3.25 per share, Vista's investment in Midas is expected to have a value of Cdn$103,358,499 and based on the number of issued common shares of Vista, this is equivalent to Cdn$1.45 per Vista share.

In April 2011, through a combination transaction, Vista and Midas Gold, Inc. consolidated their respective mineral properties in the Stibnite-Yellow Pine gold district in Idaho to form what is now called the Golden Meadows Project.  The combination transaction resulted in Midas owning the Golden Meadows Project.

Fred Earnest, Vista's President and COO, commented, "We congratulate Stephen Quin and the Midas team on a well-executed IPO. We believe that the consolidation and IPO confirms our view of the significant value of our prior holdings in the Yellow Pine district.  We also believe that the Golden Meadows Project has substantial upside potential.  Midas has announced that they will be undertaking a major exploration program in 2011 designed to increase the confidence level of the known mineral resources, expand the known deposits, and test for potential new deposits in the district.  Our investment in Midas is an important asset for Vista and its shareholders and represents a potential return worth many times our investment in the Yellow Pine property. We hope our investment in Midas will continue to grow as Midas experiences expected continued successes as it accelerates the exploration and development of the Golden Meadows Project."

About Vista Gold Corp.

During the period 2002-2006, Vista acquired a number of gold properties containing well understood and defined mineral resources, at low prices compared to today. In 2007, Vista completed a transaction, in which Vista contributed its extensive Nevada gold mining interests to form Allied Nevada Gold Corp. ("ANV"). Following the formation of ANV, Vista made a substantial return to its shareholders in the form of common shares of ANV. Since that time, Vista has been adding value to its remaining properties through transactions and advancing the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, towards a production decision. Recently, Vista has added substantially to its balance sheet through its investment in Midas Gold Corp. In April 2011, Vista participated in a transaction that combined Vista's holdings in Idaho with that of Midas Gold, Inc. to form Midas. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.