Day: February 8, 2012

Argonaut Exploration Responds to Dissident Director Materials

On January 26, 2012, three dissident directors of Argonaut Exploration Inc. (“the Company” or “Argonaut”; ‘AGA’ TSX-Venture exchange) delivered to shareholders an information circular, accompanied by a cover letter dated January 24, 2012 (“the Dissident Materials”), representing the views of the Dissident Directors, being Ray Cook, Brad Bakuska and Tell Stephen.

Capstone Updates Mineral Resource Estimate for Footwall Zone at Cozamin Mine

Capstone Mining Corp. today announced the result of an updated National Instrument 43-101 compliant mineral resource estimate for the Mala Noche Footwall Zone at its Cozamin Mine in Zacatecas, Mexico. Follow-up drilling in the MNFWZ in the second half of 2011 has added an additional 28 million pounds of copper resource in the measured and indicated categories. At a US$35 NSR copper cut-off grade, total measured and indicated mineral resources at the Cozamin Mine at the end of 2011 was 419 million pounds of copper. A tabulation of total mineral resource by classification is appended at the end of this news release.

Cortez Arranges Private Placement

Cortez Gold Corp announces that it has arranged a non-brokered private placement of up to 4,500,000 units at a price of $0.10 per Unit, for gross proceeds of up to $450,000.

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