Day: March 22, 2012

Defiance Silver Corp Adds George Gorzynski to Its Board of Directors

Defiance Silver Corp is pleased to announce that further to the Defiance news release dated August 31, 2011, George Gorzynski, P.Eng., has joined its Board of Directors. Mr. Gorzynski holds a Bachelor of Applied Science (Honours) from the University of Toronto and a Master of Applied Science from the University of British Columbia. He is a Professional Engineer registered in the Province of British Columbia. George has over 30 years experience exploring and developing mining projects in Mexico and worldwide.

Oroco Closes Second Tranche of Non-Brokered Private Placement

Oroco Resource Corp. announces it has today closed the second and final tranche of a non-brokered private placement financing (the “Financing”) it previously announced by news release dated February 27, 2012, and amended March 2, 2012. The Company has raised gross proceeds of $647,500 in this second tranche closing through the sale of a total of 2,590,000 units at a price of $0.25 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months at a price of $0.40 per share. The securities issued in connection with this private placement will be subject to a four-month hold period in accordance with applicable Canadian Securities Laws.

Goldgroup Provides Update on Environmental Permitting Status at Caballo Blanco

Goldgroup Mining Inc. has received its first set of written comments on its primary environmental permit for mining, the Environmental Impact Statement (“EIS”), at the 100%-owned Caballo Blanco gold project, from the Secretaría de Medio Ambiente y Recurso Naturales (“SEMARNAT”), also known as the Ministry of Environment and Natural Resources. The EIS was submitted by Goldgroup to SERMANAT on December 16, 2011. SEMARNAT, which acts as the federal environmental regulatory agency in Mexico, provided its first written response to Goldgroup in line with the typical response time of 60 working days.

Baja Mining Comments on ISS Recommendation

Baja Mining Corp. today commented on a report issued by Institutional Shareholder Services regarding the proxy contest initiated by dissident shareholder Mount Kellett Master Fund II A LP. A Baja shareholders’ special meeting requisitioned by Mount Kellett is scheduled for April 3, 2012.

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