Category: Exploration and Development

Goldgroup Provides Update on Change of Soil Use Permit Status at Caballo Blanco

Goldgroup Mining Inc. has had its Change of Soil Use Permit, also known as the “Estudio Técnico Justificativo para Cambio de Uso de Suelo”, returned to the Company, for its 100% owned Caballo Blanco gold project, from the Ministry of Environment and Natural Resources, also known as the Secretaría de Medio Ambiente y Recurso Naturales (“SEMARNAT”). Goldgroup submitted the ETJ to SEMARNAT, which is the federal environmental regulatory agency in Mexico, on December 16, 2011. The ETJ is evaluated by the regional office of SEMARNAT in Veracruz. Comments by SEMARNAT request that the Company provide further details on the following information for its ETJ application:

Yale Continues to Encounter Encouraging Results at Urique

Yale Resources Ltd. is pleased to report additional gold and silver results from its ongoing comprehensive work program at the 290 square kilometre Urique Project, located in Chihuahua State, Mexico, immediately north of Goldcorp’s El Sauzal gold mine and immediately south of Kimber Resources’ Monterde Property. Work at Urique is being performed on behalf of optionee Mammoth Resources Ltd.

Golden Tag Commences 5,000 Metre Drilling Program on San Diego Property, Mexico

Golden Tag Resources Ltd. is pleased to announce that a 5,000 metre diamond drilling program has commenced on the San Diego Property, Velardena Mining District, Durango State, Mexico. The program, which is the 6th phase of drilling on the property, is budgeted at $US1.8 million and is being wholly-funded by Golden Tag as part of a recently revised joint venture agreement with Golden Minerals Company whereby Golden Tag has the right to increase its interest in the joint-venture from 50% to 60% by funding the next $US3 million of exploration expenses. Golden Tag is the operator.

Silver Bull Increases the Shallow Silver Zone Silver Resource by 39% to 72.13 Million Ounces of Silver in the Measured and Indicated Category and 10.49 Million Ounces of Silver in the Inferred Category at the Sierra Mojada Project, Coahuila, Mexico.

Silver Bull Resources, Inc. is pleased to provide the results that will be reported in the updated NI43-101 Technical Report currently being completed by SRK Consulting Inc. on the silver mineralization of the “Shallow Silver Zone” at the Sierra Mojada Project in Coahuila, Mexico.

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