Day: November 1, 2011

Cerro Resources NL is pleased to release a summary of the Company’s quarterly activities, and report significantly higher silver recoveries from the HPGR test work at Cerro Del Gallo. The detailed Quarterly Report which includes the financial statements and discussions, for the period ending September 30, 2011, has been filed on www.sedar.com and on the Company’s website, www.cerroresources.com

Starcore International Mines Ltd. has filed the results for the year ended July 31, 2011 for the Company and its mining operations from the San Martin Mine. Over the year ended July 31, 2011, the Company reports revenues of $39.5 million, earnings from mining operations of $13.8 million and a net loss of $4.0 million, which includes a net $6.6 million non-cash unrealized loss on forward sales contracts and a $234,000 non-cash stock-based compensation charge on option awards vested in the year. The basic and diluted loss per share for the year ended July 31, 2011 was $0.05.