Capstone Updates Mineral Resource Estimate for Footwall Zone at Cozamin Mine

Capstone Mining Corp. today announced the result of an updated National Instrument 43-101 compliant mineral resource estimate for the Mala Noche Footwall Zone at its Cozamin Mine in Zacatecas, Mexico. Follow-up drilling in the MNFWZ in the second half of 2011 has added an additional 28 million pounds of copper resource in the measured and indicated categories. At a US$35 NSR copper cut-off grade, total measured and indicated mineral resources at the Cozamin Mine at the end of 2011 was 419 million pounds of copper. A tabulation of total mineral resource by classification is appended at the end of this news release.

Cortez Arranges Private Placement

Cortez Gold Corp announces that it has arranged a non-brokered private placement of up to 4,500,000 units at a price of $0.10 per Unit, for gross proceeds of up to $450,000.

Goldcorp Chair Telfer Cited in OCS Probe

Goldcorp chairman Ian Telfer has been cited by the Ontario Securities Commission in a recent insider trading probe. The allegation is that Telfer helped participants (including his long-time friend Eda Marie Agueci) in an alleged illegal insider tipping and trading scheme to hide their trading activities.

Golden Minerals Appoints Vice President of Exploration

GOLDEN, CO, Feb 7, 2012 (Marketwire via COMTEX) –Golden Minerals Company (NYSE Amex: AUMN) (TSX: AUM) (“Golden Minerals” or “the Company”) is pleased to announce the appointment of Warren Rehn to the position of Vice President of Exploration. Golden Minerals also announces the planned retirement of Robert Blakestad, the Company’s Senior Vice President of Exploration, effective February 29, 2012.

Lone Star Gold (LSTG) Tailings Project Could Generate $800,000 per Month

NEW YORK, NY — (Marketwire) — 02/07/12 — Lone Star Gold, Inc. (OTCBB: LSTG) announced the development plan for their Mexican Tailings Project in the City of Hidalgo Del Parral in Chihuahua Mexico. Other companies operating near the tailings project include, GoldCorp, Inc. (NYSE: GG), Silver Standard Resources, Inc. (NASDAQ: SSRI) and Coeur d’Alene Mines Corp. (NYSE: CDE).

Serengeti Identifies Compelling Gold-Silver Target at Cuates; Plans Follow-up Drilling

Serengeti Resources Inc. announces that it’s Mexican subsidiary Cia. Minera FB Integral SA de CV has identified an attractive gold-silver target on it’s Cuates property located on the north edge of the Parral mining district in the state of Chihuahua, Mexico. Selected rock samples collected from mineralized structures at Cuates have assayed up to 7.2 g/t Au and 111 g/t Ag and a recently completed Induced Polarization (IP) geophysical survey has outlined a strong, associated IP chargeability anomaly. Detailed mapping and sampling is underway and reverse circulation (RC) drilling of this compelling target is planned as part of a multi-property drill program starting in March.

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