Fortuna Reports Silver Production Increase of 31% for 2011 and Issues Production Guidance for 2012

VANCOUVER, Jan. 26, 2012 — /PRNewswire/ – Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (BVL: FVI) is pleased to announce 2011 production figures from the San Jose Mine located in Mexico and the Caylloma Mine located in Peru. The mining operations of the Company performed strongly in 2011 delivering our fifth consecutive year of silver production growth and sustained low cash cost per silver ounce. For 2012, Fortuna is scheduled to produce 3.7 million ounces of silver and 17,400 ounces of gold production or 4.6 million Ag Eq ounces plus base metal credits.

Canasil Resources Inc. : MAG Silver Initial Drilling Intersects La Esperanza Vein – Assays Pending

Canasil Resources Inc. announces that MAG Silver Corp. has completed three drill holes to date at the La Esperanza silver project in Durango and Zacatecas States, Mexico, and all three holes have intersected quartz vein and quartz vein breccia. Visible base metal sulphides have been noted. A fourth hole is in progress as part of a planned 4,000 metre drill plan for 2012. Assay results for these intercepts have not been received and will be announced when available.

Kimber Intercepts 7 Metres of 18.3 g/t Gold and 374.3 g/t Silver in New Structure Discovered at Monterde

Kimber Resources Inc. is pleased to announce ongoing drill results from an additional 14 drill holes at its Monterde gold/silver project in Mexico, including eight holes drilled at Carmen and six holes drilled at Veta Minitas. Of particular interest is drill hole MTC-142A, which intersected a new structure containing 7 metres of 18.3 g/t gold and 374.3 g/t silver. This wide and high-grade gold-silver intersection is located northeast of other known structures in the Carmen deposit and is believed to be a parallel or semi-parallel structure to the current structures that make up the Carmen deposit. The new structure has been named “Cocos” and is geologically different from the other structures at Carmen being characterized by bright white quartz and quartz breccia, not the silicification seen in other gold-silver mineralized structures at Carmen. In addition, from the review of Cocos core samples, the base metal sulphides occur as thin veinlets and are finer grained than the sulphides encountered in the Carmen structure in hole MTRD-476 (which intersected 4.9 metres of 78.4 g/t gold and 127.9 g/t silver, as announced May 31, 2011). Also significant is hole MTRD-512 which intersected 8.6 g/t gold and 326.2 g/t silver over 5m in the footwall of the Cob structure.

Dia Bras Announces Appointment of Steven Dean as Chairman

Dia Bras Exploration Inc., a Canadian listed mining company focused on precious and base metals in Peru and Mexico, today announced the appointment of Mr. Steven G. Dean as Chairman and Mr. Alberto Arias as Vice-Chairman of its Board of Directors. Mr. Dean and Mr. Arias are both current members of the Company’s Board. These appointments follow the resignation of Mr. Philip Renaud as Chairman. Mr. Renaud was Chairman of the Company since November 23, 2009.

San Marco Prepares Los Carlos for Drilling

San Marco Resources Inc. is continuing exploration on its Los Carlos gold/silver prospect in Sonora, Mexico. The property is located 40 km west of the town of Trincheras, 18km south of GoldGroup’s Cerro Colorado mine and 85 km west of Timmins Gold’s San Francisco mine.

Torex Reports Year End Results

TORONTO, Ontario, January 26, 2012 — Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) announced today its financial results for the year ended October 31, 2011.

International Millennium Sells Remaining Interest in Sonora Mexico Property to First Mexican Gold Corp for Shares and Royalty

International Millennium Mining Corp. is pleased to announce that First Mexican Gold Corp has completed its 80% option earn-in on the Hilda/Guadalupe property in Sonora State, Mexico, from the Company’s wholly owned subsidiary, Minera Internacional Milenio S.A. de C.V. The option agreement was subject to FMG spending a total of US$4 million dollars on the project.

Amex Completes Permitting and Road Access on Chivas Property, Sonora Mexico

Amex Exploration inc. is pleased to announce that all necessary permitting have been obtained and all road access have been completed on the Chivas property in Sonora, Mexico. The Chivas property, optioned to Bowmore Exploration Inc., is composed of two claims covering over 24,841 hectares situated at 15 kilometres to the west of the Dolores Mine owned by Minfinders Corporation Ltd. Geologically, the property is located within the Sierra Madre Occidental gold belt of Mexico wich hosts reserves of more than 40 million ounces of gold and 2 billion ounces of silver.

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