Canasil Resources Inc. announces that in 2011 the Company completed exploration programs on 7 precious and base metal projects, 5 in Mexico and 2 in BC, Canada, including diamond drilling, airborne geophysical surveys, satellite imaging and geological mapping and sampling programs. Total expenditures by Canasil and partners in 2011 amounted to over $1.75 million. The 2012 exploration program has started with MAG Silver resuming drilling at the La Esperanza silver-lead-zinc project in Zacatecas, Mexico, to complete up to 5,000 metres of diamond drilling. Pan American Silver is also expecting approval of the drill permit for the Carina silver-gold-base metal project in Durango State, Mexico, and plans to start a drill program following receipt of the permit for up to 2,900 metres of diamond drilling. These drill programs will provide for an immediate start during this quarter to Canasil’s 2012 exploration activities.

Galore Resources Inc announces the acquisition of surface rights to 110 hectares of privately owned land known as Rancho Duraznillo that cover an important portion of the Dos Santos project Los Gemelos gold target.

Vista Gold Corp. is pleased to announce the results of its initial drilling program for the Guadalupe de los Reyes gold-silver project in Sinaloa, Mexico. In November 2011, Vista initiated an exploration drilling program on the project. With the results of the first 10 core holes, we have begun to achieve our objectives of:

Torex Gold Resources Inc. is pleased to report numerous high grade gold intercepts at its El Limon deposit. These step-out drill results extend the known mineralization to the east and west of the El Limon deposit and defined several areas requiring additional step-out drill testing, which will be conducted over the next four weeks. The 2011 drill program north of the Balsas River was extended into 2012 and is expected to be completed within the next four weeks. The very successful results of the 2011 drill program on all three known deposits north of the Balsas River will be combined with previous drill results to allow the preparation of new ‘North of the Balsas River’ resource estimates, which are expected to be completed in late March of this year.

Animas Resources Ltd. has closed on $1.2 million of the financing with Ernesto Echavarria as the sole participant. Mr. Echavarria may fund Animas with additional funds at a future date as approved by the shareholders for up to a 39.1% interest in Animas. Mr. Echavarria now owns approximately 27.7% of the issued and outstanding common shares of Animas.

Santa Fe Metals Corp. is pleased to report assay results from the November/December 2011 phase of the ongoing sampling program on its Don Indio project at Cuatro Ciénegas, Coahuila, Mexico.