Day: January 24, 2012

Agnico-Eagle completes compulsory acquisition of remaining Grayd shares

Agnico-Eagle Mines Limited (“Agnico-Eagle”) announced today that it has acquired the remaining 5,032,139 common shares (the “Shares”) of Grayd Resource Corporation (“Grayd”) not already owned by Agnico-Eagle, representing approximately 5.23% of the outstanding Shares on a fully-diluted basis, pursuant to a previously announced compulsory acquisition carried out under the provisions of the Business Corporations Act (British Columbia) (the “Compulsory Acquisition”). Following completion of the Compulsory Acquisition, Agnico-Eagle now owns 96,261,039 Shares, representing 100% of the outstanding Shares on a fully-diluted basis.

First Mexican Acquires 100% Interest in the Guadalupe Property in Sonora, Mexico

First Mexican Gold Corp. is pleased to announce that it has completed its 80% option earn-in on the Guadalupe property in Sonora State, Mexico, from Minera Internacional Milenio S.A. de C.V., a wholly owned subsidiary of International Millennium Mining Corp. The option agreement was subject to First Mexican Gold having to spend a total of US$4 million dollars on the project.

Trench Results by Riverside and Mexigold Define Gold-Silver Targets for Upcoming Drill Program at the Pedernal Project in Durango, Mexico

Riverside Resources Inc. is pleased to report positive results from excavator trenching reporting assays up to 1.4 g/t Au and providing further evidence to support the model that trenching has exposed the upper levels of a newly discovered, low sulfidation epithermal district. Trench results included 3.4 metres @ 0.65 g/t Au (including 1.7m of 1.2 g/t) and 15.89 metres @ 0.18 g/t Au (including 3.1m of 0.53 g/t). Results showed very encouraging dissemination beyond vein controls. Riverside and partner Mexigold Corp. are set to commence drilling shortly on the trench and rock assay target areas.

Almaden Provides Mexico Update

Almaden Minerals Ltd. (AMM.TO), which lost more than 4% yesterday, announced results from the 2011 drilling program on the company’s 100% owned Tuligtic project, Mexico, with holes TU-11-69, 75, 77 to 80, 82 To 87 and 89 to 92.

BOWMORE Exploration Ltd.: Permitting and Road Access Completed on Chivas Property, Sonora, Mexico

Bowmore Exploration Ltd. is pleased to announce that all necessary permitting and road access has been completed on the Chivas property located in Sonora, Mexico, in preparation for the upcoming drill program. The Chivas property is optioned from Amex Exploration Inc. (AMX: TSX-V). The company completed 20 km in road maintenance and widening and also completed 12 km in road construction to allow access for a conventional drill rig to the targeted zones identified by previous work programs. Work began in early December 2011 and was recently completed with access to the Silica Cap, Mesa Blanca, and the Mesa zones. All drill pads have been prepared to test the IP and TerraSpect anomalies along the mentioned altered zones where previous exploration work in 2010 and 2011 identified a large low sulphidation epithermal system and the discovery of a large silica zone within the Chivas property (see news releases dated October 26, 2010, July 14, 2011 and November 21, 2011).

First Point Minerals Expands its Executive Team

Vancouver, January 24, 2012 — The Board of Directors of First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to announce the appointment of Mr. James S. Gilbert as President and CEO, and a Director of the Company. Dr. Peter Bradshaw, CEO of First Point since its formation, has been elected Non-Executive Chairman of the Board of Directors of the Company.

La Parrilla Mill Expansion to 2,000 tpd Completed: Del Toro Construction Update

First Majestic Silver Corp. is proud to announce that the new La Parrilla flotation/cyanidation plant was inaugurated in a ceremony at the La Parrilla Silver Mine in the State of Durango, Mexico on January 19, 2012, in which approximately 150 people attended including several Mexican Federal, State and Municipal authorities. The Federal Government was represented by the Lic. Jimena Valverde Valdez, General Coordinator of Mining for the Secretary of the Economy while the State of Durango was represented by Ing. Hector Vela Valenzuela, Secretary General of the Governor of Durango, both of whom declared the new plant as officially open.

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