Baja Mining Corp. today announced that its 70%-owned Mexican subsidiary, Minera y Metalurgica del Boleo S.A de C.V., drew down the first advance of funds of US$123.5 million under its US$ 759 million senior debt facilities on October 18, 2011. Senior and subordinated debt facilities total US$ 823 million.

Guerrero Exploration Inc. announces that it has issued 290,000 options on October 7, 2011 to a consultant at an exercise price of $0.16 per share for a term of 5 years. These options vest immediately. The last closing price on the TSX-V prior to October 7, 2011 was $0.16.

Toronto, October 18, 2011 – Scorpio Mining Corporation (TSX:SPM) (“Scorpio Mining” or the “Corporation”) reports that production in the third quarter ended September 30, 2011 (“Q3 2011”) from the Nuestra Señora operation totalled 604,975 silver equivalent ounces*, representing a 13% increase over Q3 2010.

Primero Mining Corp. announced today that it has filed a formal application to the Mexican tax authorities for an advance ruling on the Company’s restructuring plan that, if successful, would result in paying income taxes in Mexico based on realized rather than spot revenue. When completed, the advance tax ruling process will provide certainty and resolution to the Company’s restructuring plan. It will also ensure the Company will avoid tax penalties that could arise should the Mexican tax authorities disagree with the restructuring plan.

Alamos Gold Inc. is pleased to announce that Mr. Han Ilhan will join the Company as Vice President of Projects effective October 17, 2011. Mr. Ilhan has extensive experience providing engineering and environmental solutions to mining projects worldwide. As Vice President of Projects, Han will be based in Ankara, Turkey and will oversee development of the Company’s Turkish projects, as well as future development projects.

Grupo Mexico ordered to pay for its role in Minerva deal

VANNew Gold Inc. and Silver Quest Resources Ltd. today jointly announce a binding letter agreement whereby New Gold will acquire, through a plan of arrangement, all of the outstanding common shares of Silver Quest. Under the terms of the Arrangement, Silver Quest shareholders will receive 0.09 of a New Gold share for each Silver Quest share held and one common share in a new Yukon-focused precious metals exploration company, McIntyre Minerals Inc. for every three Silver Quest shares held. The offer values Silver Quest at $1.32 per share, representing a 52% premium based on the combination of:

Goldgroup Mining Inc. is pleased to announce that, further to its news release of September 26, 2011, Goldgroup has completed the acquisition of the remaining 30% interest in the Caballo Blanco project held by Almaden Minerals Ltd. Goldgroup now owns 100% of the Caballo Blanco project.

On 12 October, Mexican precious metals miner Fresnillo PLC, the world’s largest primary silver producer, trimmed its full-year guidance for silver production by 3 million to 41 million ounces. The revised outlook followed by a 5.80% fall in its silver production in the third quarter as the company reinforced safety conditions at all of its projects following the death of two contractors in July. The company added that it is expecting to resume with the normal operations at the Fresnillo mine by the end of October. However, the company upped its gold production target to 430,000 ounces for the year 2011, from previously estimated 400,000 ounces.

Toronto, Ontario, Canada. Zaruma Resources Inc., (TSXV-ZMR), (the “Company” or “Zaruma”) today reported that its Board of Directors has determined to proceed with the share consolidation and name change which was approved by shareholders at the annual and special meeting of the Company held on July 19, 2010 (the “2010 Shareholder Meeting”).