Category: Investor’s Corner

Elgin Mining Inc. and Gold-Ore Resources Ltd. jointly announced completion of the business combination which took effect May 1, 2012, whereby Elgin Mining acquired all of the issued and outstanding common shares of Gold-Ore by way of plan of arrangement. The Arrangement has resulted in a well-funded, growth-oriented gold producer which owns the producing Bjorkdal gold mine in Sweden and the Lupin and Ulu gold development projects in Nunavut, Canada. Patrick Downey will continue in his role as President and Chief Executive Officer of Elgin Mining. Gold-Ore directors, David Mullen, Ronald Ewing, Glen Dickson and Robert Wasylyshyn will join the expanded board of directors of Elgin Mining with immediate effect.

Goldgroup Mining Inc. is pleased to announce the appointment of Mr. Chester F. Millar to the Board of Directors. Mr. Millar is considered a pioneer of heap leach gold production and large-scale bulk mining methods and techniques used for mining low-grade gold deposits worldwide. Considered one of the mining industry’s most successful company builders, Mr. Millar was inducted to the Canadian Mining Hall of Fame in 2008, with a career that includes being a founder and former Chairman of such notable large and successful gold companies as Glamis Gold Ltd., Eldorado Gold Corporation and Alamos Gold Inc. Under his strategic direction, these companies were able to grow from junior exploration and early production companies to world class gold producers.

Soltoro Ltd. has received an option payment from Argentum Silver Corp. whereby an additional 3,500,000 common shares and a payment of CDN $120,000 were made to Soltoro towards the acquisition of Soltoro’s Victoria and Coyote silver gold properties in Jalisco State, Mexico. Soltoro now holds a total of 6,300,000 shares of Argentum Silver (14% of the outstanding shares of Argentum Silver). Under the terms of the option agreement signed on April 25, 2011, Argentum Silver must evidence certain exploration expenditures in order to complete a 100% transfer of title interest of the Victoria and Coyote properties to Argentum Silver. On transfer of the properties, Soltoro will retain a 3% Net Smelter Return interest in each project whereby 1% can be purchased by Argentum Silver for US$1.5 million to a maximum of 2% for each project. Soltoro also retains the right to participate in additional Argentum Silver financings to maintain its percentage equity interest.

Lone Star Gold, Inc. is pleased to announce that on April 30, 2012, the Company signed an Investment Agreement with Fairhills Capital Offshore LTD outlining the terms and conditions under which the Investor has agreed to provide the aggregate amount of up to $24 million to the Company in exchange for the purchase of Lone Star’s Common Stock.

International Millennium Mining Corp. reports its financial statements and MD&A (the “Quarter and Annual Report”) for the 4th Quarter and Year Ended December 31, 2011 (BC Form 51-102F1). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the 2011 Audited Consolidated Financial Statements for the year ended December 31, 2011.

Alamos Gold Inc. reports operating and financial results for the first quarter of 2012 and provides a review of its operations, exploration and development activities.

Oro Mining Ltd. announces that at the Annual General Meeting of Shareholders held today, May 1, 2012, Messrs. Robert Kendrick, Ron Ewing, Stuart Rogers and John Brownlie were elected to serve as directors of the Company. In addition, all other motions put forth at the Meeting were approved, including the re-appointment of DeVisser Gray LLP as auditors of the Company and the ratification and re-approval of the Company’s 10% rolling stock option plan (subject to TSX Venture Exchange approval).

Amato Exploration Ltd. announced today that effective immediately, the Company has terminated its agreement with its Investor Relations consultant, Mr. Jose Perez. This action was done as a cost cutting measure to preserve the Company’s working capital. The Company thanks Mr. Perez for his service and wishes him well in his future endeavours. In the interim, all future Investor Relations activities will be handled by Amato’s President & CEO, Mr. James D. Romano.

Orex Minerals Inc. announces that it has engaged Jada Jennings as a Senior Communications & Investor Relations Consultant pursuant to an agreement dated May 1st, 2012. Ms. Jennings will be based out of the Vancouver head office, and will report to Gary Cope, President.

QRS Capital Corp. announces the closing on April 30, 2012 of the first tranche of its previously announced non-brokered private placement of units of the Company at a price of $0.40 per Unit. The first tranche represented 1,598,850 Units for aggregate gross proceeds of $639,540. Each Unit consisted of one common share and one half of one common share purchase warrant. Each such Warrant will entitle the holder to purchase one common share of the Company at a price of $0.70 per common share until April 29, 2014.