Almaden Hits 17.00 Meters of 3.74 g/t Gold and 67.4 g/t Silver (5.1 g/t AuEq) on Northeast Extension Zone

Almaden Minerals Ltd.(“Almaden” or “the Company”) is pleased to announce further results from the on-going 4 drill exploration program on the Company’s 100% owned Tuligtic project, Mexico with holes TU-11-95, TU-12-97 and TU-12-99 to 105. Holes TU-12-100 and 103 were drilled on the Northeast Extension Zone, along strike and north of the Main Ixtaca Zone. Both these holes intersected significant gold grades with TU-12-103 returning the highest grades encountered to date from the Northeast Extension Zone. Holes TU-11-95, TU-12-97, 101 to 104 were drilled into the Main Ixtaca Zone. Hole TU-12-99 was drilled to the south of the Main Ixtaca Zone and hole TU-12-105 was drilled on the Southeast Extension Zone. Final assays are pending for holes TU-12-96 (Main Ixtaca Zone) and 98 (Northeast Extension Zone).

Grupo Carso’s copper refinery shuts in Mexico-sources

One of Mexico’s three copper refineries owned by Mexican billionaire Carlos Slim’s Grupo Carso shut earlier this month, causing a rash of enquiries from domestic consumers looking for material, according to U.S. and Mexico-based market participants.

Surface Drilling Continues to Intersect High-Grade Mineralization at Silvermex’s La Guitarra Project

Silvermex Resources Inc. announces surface drill results from its producing La Guitarra property, located in the Temascaltepec Mining District, in the State of Mexico. To the end of January 2012, 59 holes had been completed totaling 7,633 m in 2011 and 2,290 m in January 2012 for a total of 9,923 m of the originally programmed 7,500 m surface diamond drilling program announced in September 2011. Assay results have been received for 40 of those completed holes, eight of which were announced in November 2011. Thirty-two additional holes are presented below in Table B.

Lake Shore Gold Announces Fourth Quarter and Full-Year 2011 Financial Results, Company on Track for Rapid Production Growth by Late 2012

Lake Shore Gold Corp. today announced details of the Company’s financial and operating results for the fourth quarter and full-year 2011. Key accomplishments for 2011 include significant growth in resources, including releasing initial resources for both Thunder Creek and Fenn-Gib, doubling production from a year earlier and continuing to achieve significant exploration success with a number of new discoveries and extensions announced during the year.

Sierra Madre Signs Drilling Contract for Penoles Project, Mexico

Management of Sierra Madre Developments Inc. is pleased to announce that the Company’s wholly owned Mexican subsidiary Minera Sierra Madre Exploraciones SA de CV, has signed a contract with Procesadora de Minerales de Durango SA de CV to complete a minimum of 2,500 meters of core drilling at the Company’s Penoles Project in the Durango Silver Belt, Mexico. The Project hosts a partially defined oxide gold prospect (El Capitan), two historic silver mines (Jesus Maria and San Rafael) and multiple early stage targets in a land package that covers more than half of the historic “Penoles Mining District”. Sierra Madre has an option to earn up to a 65% interest from Riverside Resources Inc. by incurring exploration expenditures and making cash and share payments to Riverside and the underlying property owners.

Aurion Closes $3 Million Financing

Aurion Resources Ltd. is pleased to report that it has completed its previously announced non-brokered private placement, for 8,571,426 million units at a price of CDN$0.35 per unit to raise aggregate gross proceeds of CDN$3 million. Each unit consists of one common share of Aurion and one full share purchase warrant of Aurion. Each whole share purchase warrant will entitle the holder thereof to acquire one additional common share of Aurion at an exercise price of CDN$0.45 cents per share for three years. Aurion can elect to accelerate the exercise of the warrants if Aurion’s volume-weighted average share price is at or above CDN$0.70 per share, based on the preceding 20 day closing share price. Finder fees of $99,612 in cash and 310,000 units (share plus warrant) and 424,718 compensation warrants are payable in connection with this financing. These warrants have the same terms as the above share purchase warrants.

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