Day: January 9, 2012

Goldgroup Mining Inc. announces that the technical report on the updated mineral resource estimate on the San José de Gracia project titled “NI 43-101 Technical Report on the San José de Gracia Project – Updated Resources Estimates on the Tres Amigos, San Pablo, La Union, La Purisina Zones – Northeast Sinaloa, Mexico” effective September 5, 2011 and dated January 3, 2012, has been filed on SEDAR in compliance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects requirements. This filing is further to the Company’s previously announced updated mineral resource estimate on November 23, 2011.

Axiom Gold and Silver Corp. is pleased to announce it has entered into a letter of intent for the acquisition of the Morelos Project located in western Chihuahua State, Mexico.

Prospero Silver Corp. is pleased to announce the acquisition (through staking) of an additional 9,771 hectares in the Santa Maria del Oro gold/silver district. The new ground lies to the west, south and east of the historic, high-grade Magistral vein system. With this addition, Prospero holds 16,124 hectares that virtually surround the historic Magistral del Oro mines, records for which indicate historic grades exceeded 15 g/t Au from oxides ores mined through the mid 20th century.

Alamos Gold Inc. reports fourth quarter and full year 2011 operating results. The Company is also providing its 2012 production guidance and operating, development and exploration budgets.

Argonaut Gold Inc. is pleased to announce the results from a new National Instrument 43-101 compliant, Preliminary Economic Assessment for the 100% owned La Colorada gold-silver project, located 45 km southeast of Hermosillo, Mexico. The updated PEA was completed by SRK Consulting Inc. of Denver, CO. Argonaut acquired the La Colorada project (along with the San Antonio Gold Project) through the acquisition of Pediment Gold Corp. in February of 2011. (All dollar values in this release are expressed in $US).