Category: Exploration and Development

Candente Gold Corp. is pleased to announce that the Company has fulfilled all requirements necessary to complete the exercise of its second option to earn an undivided 70% interest in the El Oro Gold Project located in Mexico and Michoacan States of Mexico, from Goldcorp S.A. de C.V. (“Goldcorp Mexico”, formerly Luismin S.A. de C.V.) a subsidiary of Goldcorp Inc.

Camino Minerals Corporation is pleased to announce that a soil geochemical survey has outlined a large area, approximately 1.5 km by 2 km, of anomalous gold and silver values at the recently optioned El Secreto Gold, Silver and Copper Project located Sinaloa State, Mexico. The area, known as the El Secreto Zone is located in the northeastern part of the property. Rock samples taken from the ELZ have returned up to 6.31 g/t gold and up to 178 g/t silver.

Yale Resources Ltd. is pleased to report it has sold its interest in the Guadalupe Property to Exploraciones Minera Parreña S.A. de C.V., a company owned by Industrias Peñoles S.A. de C.V. for the gross amount of US$ 135,920.

Focus Ventures Ltd. is pleased to announce encouraging results from surface sampling at the Don Blas target located on its Santa Cruz property, Durango, Mexico. The results of Focus’s initial sampling were announced on March 19, 2012 and included a 22m section that averaged 377.8 g/t Ag.

Pobladores de los municipios de Tetela de Ocampo y de la comunidad de Xochicuautla, en el municipio de Ahuacatlán, denunciaron afectaciones a consecuencia de la explotación de minas a cielo abierto en la Sierra Norte, por lo que se mantendrán en resistencia.

NWM Mining Corporation announces that it has agreed to purchase a SART plant from BioteQ Environmental Technologies, Inc., located at its Lluvia de Oro property in Sonora, Mexico, for US$650,000. The Company will make a cash payment of US$650,000 by June 22, 2012, and ownership of the equipment will be transferred to the Company on an “as is” basis.

Southridge Enterprises Inc. is pleased to announce that Southridge Minerals, Inc., its wholly owned subsidiary, today has executed an agreement with Duvernoi Capital Investments Inc. providing for a $3,500,000 financing. This financing is in the form of a convertible debenture with terms stipulating an interest rate of 8.8% and a loan repayment term of 32 months from the date of execution of the agreement, by way of cash or through the conversion of shares of Southridge stock. The repayment terms of the financing are amenable to the Company’s property development schedule and to future financings plans to retire the debt.

Riverside Resources Inc. and its partner, Guerrero Exploration have agreed to terms on a transaction that will result in Guerrero owning a 100% interests in the Cerro Azul and Chapalota Projects with Riverside receiving $2,000,000 in Guerrero shares. After the transaction is complete, Riverside will become the largest single shareholder of Guerrero.

Victory Resources Corp. is pleased to announce that it has reached an agreement with Minera Copper Canyon S.A. de C.V., a private Mexican corporation, which will allow the Company to acquire up to a 100% interest in a property known as ‘el Boleo’. El Boleo is located adjacent to the historic Reforma Mine, the Santo Tomas Copper-Gold deposit, and in close proximity to the Bahuerachi Copper Deposit.

International Northair Mines Ltd. is pleased to announce assay results from three infill core drill holes completed in the Las Carolinas Zone and four infill core holes completed in the San Gregorio Zone at its La Cigarra silver project, located in north central Mexico.