Day: July 18, 2011

On June 24, 2011, ECU Silver Mining Inc. and Golden Minerals Company announced that they had entered into an agreement to effect a “merger of equals” transaction structured as a plan of arrangement pursuant to the Quebec Business Corporations Act. ECU is pleased to report that the Quebec Superior Court has issued an interim order authorizing ECU to, among other things, call a special meeting of its securityholders to obtain their approval of the Plan of Arrangement.

The Board of Directors of Excellon Resources Inc. is pleased to announce the appointment of a new President and Chief Executive Officer Jeremy Wyeth as well as the appointment of a new Chief Financial Officer Steve Poad.

CANGOLD LIMITED (TSX-V: CLD, the “Company”) reports that it has closed the first tranche of its non-brokered private placement financing announced on April 26, 2011. On closing, the Company issued 5,192,000 units at $0.50 per unit for gross proceeds of $2,596,000. Each unit comprises one common share and one-half of one non-transferable Series Q share purchase warrant.

Vancouver, British Columbia – July18, 2011. Colibri Resource Corporation (“Colibri” or the “Company”) (TSX.V-CBI) is pleased to announce the appointment of Dr. Paul J. Bartos as Director. Dr. Bartos is a noted authority on epithermal deposits and currently is the Vice President/ Chief Geologist of Esperanza Resources Corp. where he was instrumental in the discovery of the San Luis bonanza vein deposit. This deposit, which was recently sold to Silver Standard Resources, has proven and probable reserves of 503,313 tonnes averaging 17.95 g/t Au, 446.14 g/t Ag (290,484 ounces gold, 7,219,435 ounces silver). San Luis represents one of the highest grade precious metal deposits found in recent years. Prior to this, Dr. Bartos was with ASARCO Inc., with his most recent position as Latin American Exploration and Business Development Manager. Among other accomplishments, he was responsible for the discovery and development of the San Bartolome silver deposit in Bolivia. This deposit, containing an estimated 107 million ounces of proven and probable silver reserves, is currently in production by Coeur d’Alene Mines Corp., and is now one of the world’s largest pure silver mines.