Category: Exploration and Development

Chesapeake Gold Corp. is pleased to announce the results of a new NI 43-101 compliant resource estimate for its 100% owned Metates gold-silver project located in Durango State, Mexico. The resource estimate was prepared by Independent Mining Consultants (“IMC”) of Tucson, Arizona and incorporates 53 core holes totalling 23,500 meters completed by Chesapeake in 2011. The previous resource estimate for the Metates deposit was announced in April 2010 and was based on a gold equivalent cutoff grade of 0.40 g/t gold and assumed metal prices of $900 per ounce gold and $14 per ounce silver. The new resource is based on assumed metal prices of $1,200 per ounce gold and $24 per ounce silver and a cutoff grade of 0.35 g/t gold equivalent(i).

El Tigre Silver Corp., which has almost touched 20-day SMA 28 cents at yesterday’s close, announced today that its 2012 core drilling program at its El Tigre silver project is now scheduled to test the Gold Hill target with an anticipated start of around mid-March.

SilverCrest Mines Inc. is pleased to announce that it continues to validate the results of 56 historic core holes drilled on its La Joya Property between 1979 and 2003 by previous operators. The historic holes included 37 holes on the Main Mineralized Trend, 6 holes on the adjacent Coloradito target and 4 and 1 on each of the Santo Nino and Esperanza targets respectively, and 8 holes outside of target areas. Archived core is available and being split for geochemical analysis for the entire length of the drill holes at Coloradito. Due to low metals prices at the time of the historical drilling, only sections of potentially high grade mineralization were of interest and assayed while large lower grade intercepts were ignored and not assayed. As announced on January 5, 2012, SilverCrest’s drilling on the Main Mineralized Trend to date has demonstrated intercepts of potentially economic mineralization over widths up to 230 metres. Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.

Goldgroup Mining Inc. is pleased to announce the updated National Instrument 43-101 compliant mineral resource estimate for its flagship 100%-owned Caballo Blanco gold project in Veracruz, Mexico. Based on a 0.2 g/t Au cut-off grade, the Company’s indicated mineral resources at the La Paila Zone at Caballo Blanco grew by 314% from 139,000 to 575,000 ounces of gold (28.9 million tonnes grading 0.62 g/t Au). The inferred mineral resources summed to 419,000 ounces of gold (24.0 million tonnes grading 0.54 g/t Au). This Technical Report also adds silver mineral resources to the mineral resource estimate at Caballo Blanco, including 2,150,000 ounces of silver indicated mineral resources (28.9 million tonnes grading 2.32 g/t Ag) and 1,930,000 ounces of silver inferred resources (24.0 million tonnes grading 2.5 g/t Ag). The Technical Report was prepared for the Company by Jim Cuttle, P. Geo. and Gary Giroux, P. Eng. of Giroux Consultants Ltd., each an independent Qualified Person under NI 43-101 standards.

Intercepts of 8.65 Meters of 13.02 g/t Gold and 7.75 Meters of 29.51 g/t Gold Among Best Ever Drilled by Paramount in Palmarejo District

Cream Minerals Ltd. is pleased to provide results for seven exploration drill holes completed on Cafetal-Veta Olvidada, The Cafetal-Veta Olvidada zone is located to the east of Once Bocas South and trends SE/NW. This new zone is not included in the current NI 43-101 Inferred Mineral Resource.

Vancouver, BC, February 16, 2012 — Geologix Explorations Inc. (TSX: GIX) (the “Company”) is pleased to announce remaining drill assay results from the latest resource expansion and infill drilling program at its 100% owned Tepal property in Michoacán state, Mexico. All drill assay data from the 160 holes drilled in the latest program are now being compiled in preparation of the forthcoming updated resource estimation.

On August 11, 2011, we, along with our joint venture partner Pan American Silver Corp. released a Preliminary Economic Assessment for the La Preciosa project. The results of the PEA were very favorable for the project, showing an after-tax net present value at a 5% discount rate of US$315 million (assuming prices of US$25/oz silver and US$1,250/oz gold). The project generates a 24.3% IRR assuming the above metal prices.

North Springs Resources Corp. is pleased to announce that it has initiated negotiations to acquire an interest in an option on multiple producing gold properties and a related mill operation in Chihuahua, Mexico.

Highvista Gold Inc. is pleased to report that it has identified several zones of high grade gold and silver mineralization at the La Republicana target on its 100% owned Canasta Dorada Gold Project, located within the Sonoran Gold Belt, in Sonora State, Mexico.