Silver Sun Announces Option Grant

Silver Sun Resource Corp. announces today that it has granted an aggregate of 1,300,000 stock options to a director, officer and consultants of the Company. Each option is exercisable at $0.32 per common share, the Company’s closing price on December 12th, 2011 and is exercisable at any time until December 12th, 2016. All of the options granted vest immediately and are exercisable in accordance with the terms of the Company’s stock option plan.

Golden Goliath Resources Ltd.: Agnico-Eagle Options Las Bolas/Los Hilos Property

Golden Goliath is very pleased to announce that it has signed the final Earn-in and Shareholders Agreement with a Mexican subsidiary of Agnico-Eagle Mines Limited (“Agnico”) for the exploration and development of the Company’s Las Bolas/Los Hilos property (see map: http://www.goldengoliath.com/pdf/URUACHIC%20MINING%20DISTRICT%20Dec%2013%202011%20gng%20maps%20%282%29.pdf ). Under the terms of the agreement, which is subject to conditions, including TSX-V approval, Agnico’s Mexican subsidiary has the right to earn a 51% interest in the property by spending $5,000,000 on the property over a period of 5 years. The first year’s work commitment is a firm commitment of $500,000 with expenditure requirements increasing each year thereafter. Upon exercising its option, Agnico will have the right to earn an additional 20% interest by spending $4 million over another period of four years and completing a feasibility study or by spending $10 million over a longer period of eight years.

U.S. Precious Metals, Inc. Provides Shareholder Update

U.S. Precious Metals, Inc. today reports that over the past several months, USPR has hosted a number of site visits to its 37,000 acre mining concessions located in Michoacán, Mexico. The visits were undertaken by mining, consulting and investment banking entities, and were carried out by USPR’s President and Senior Geologist, Mr. David Burney.

Lone Star Gold, Inc. Provides Map, Longitude and Latitude Drill Target Coordinates & 1st Stage Drilling Update for La Candelaria Gold-Silver Project

Lone Star Gold, Inc. is please to provide an update on the Company’s 1st stage drilling progress on its Mexico-based La Candelaria gold-silver project. Lone Star has a 70% Working Interest in the project, which comprises ~1,976 acres (~800 hectares) of mining concessions located roughly 125 miles (200 km) southwest of the capital city of Chihuahua State, Mexico.

El Gallo Complex Regional Drill Results Gearing Up for the Next Phase of Growth in Mexico

US Gold Corporation is pleased to announce results from regional drilling at the El Gallo Complex, in Sinaloa, Mexico. Results contained in this release are focused on the Mina Grande area (Fig. 1), where earlier in 2011 drilling discovered several zones of encouraging near-surface gold and silver mineralization. New drill highlights include: 3.2 grams per tonne (gpt) gold over 14.0 meters (m), 1.8 gpt gold over 19.4 m and 7.7 gpt gold, 2070 gpt silver over 1.0 meter.

Aurcana Discovers New Silver Mineralization at Depth at La Negra Mine

Aurcana Corporation is pleased to announce that underground drilling at the La Negra Silver-Copper-Lead-Zinc Mine, located in Querataro State, Mexico, has intersected new deeper mineralization below the 1920 m. level of the mine. This is the first time Aurcana has indentified significant amounts of mineralization at this depth.

Silver Bull Closes Common Stock Offering for Gross Proceeds of $US 10.4 Million

Vancouver, British Columbia — Silver Bull Resources, Inc. (AMEX: SVBL, TSX: SVB) (“Silver Bull”) has received commitments from various investors for the sale of 21,050,000 shares of common stock at a price of $US 0.50 per share. Silver Bull is pleased to announce the closing of the sale of 20,755,000 shares of common stock at a price of $US 0.50 per share for gross proceeds of $US 10,377,500. Silver Bull expects to close the sale of the remaining 295,000 shares of common stock this week.

Kootenay Announces Mr. Jon Morda Appointed to Board of Directors

VANCOUVER, Dec. 12, 2011 /CNW/ – Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce the appointment of Mr. Jon Morda, CA to the Company’s Board of Directors. Mr. Morda brings Kootenay over 20 years of experience in the mining industry, having served as Chief Financial Officer for several mineral exploration and gold producing companies. As a senior executive, Mr. Morda is highly adept in all areas of strategic corporate planning, operations, budgeting, accounting and taxation functions.

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