Source Exploration Corp. Announces Increase in Non Borkered Private Placement to Raise up to $2,990,000

Source Exploration Corp. is pleased to announce that due to strong investor demand for its recently announced non-brokered private placement of up to 10,000,000 units of the Company at a price of $0.26 per Unit, the Company has agreed to increase the size of the Offering to raise up to $2,990,000. The Offering will now include the issuance of an additional 1,500,000 Units, for a total of up to 11,500,000 Units.

AuRico Gold Provides 2012 Operational Guidance

AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (“AuRico” or “AuRico Gold” or the “Company”)provides operating and capital expenditure guidance for 2012. All amounts are in U.S. dollars unless otherwise indicated.

Fortuna Silver mine protester killed

A dispute over a water pipeline in San José del Progreso, a municipality in the Ocotlán district of the southern Mexican state of Oaxaca, turned deadly on Jan. 18 when supporters of Mayor Alberto Mauro Sánchez Muñoz reportedly opened fire on demonstrators. Protesters Bernardo Méndez Vásquez and Abigail Vásquez Sánchez were wounded; Méndez Vásquez died the next day in a hospital in Oaxaca city, the state capital. Both were members of the United Peoples of the Ocotlán Valley Coordinating Committee (COPUVO), which has been engaged in a three-year struggle against the Trinidad silver mine owned by Compañia Minera Cuzcatlan S.A. de C.V., a subsidiary of Vancouver-based Fortuna Silver Mines Inc.

Riverside and Mexigold Commence Drilling at the Pedernal Gold-Silver Project in Durango, Mexico

Riverside Resources Inc. is pleased to report that an initial five hole drill program has commenced at the Pedernal Project in Durango, Mexico. The main focus of the program will be the Tablones Norte Vein, where the recent trenching and soil sampling returned encouraging results (News release January 24, 2012). The program also proposes to test the Milpas Vein structure with at least a single drill hole. Drill holes will vary from 200 to 400 metres in depth with angles of -50 degrees to -60 degrees.

Northair Outlines 2012 Work Programs for Precious Metal Projects in Mexico

International Northair Mines Ltd. is pleased to announce that its Board of Directors has approved a significant exploration budget for the coming year. Work will focus on the Company’s 100% owned La Cigarra silver project, located in the state of Chihuahua and its 50% owned Sierra Rosario silver/gold project located in the state of Sinaloa, Mexico.

Goldgroup Drilling Continues to Extend the La Paila Zone at Caballo Blanco

Goldgroup Mining Inc. is pleased to announce that additional diamond drill holes at the Company’s 100% wholly owned Caballo Blanco gold project in Veracruz, Mexico have yielded significant gold intercepts. All diamond drill holes are contained in completely oxidized, vuggy and siliceous rock occurring within and peripheral to the La Paila Zone, which lies within the Northern Zone. All 11 drill holes reported below (see Tables 1 and 2 and the drill hole location map) are above the established cut-off grade and are part of the ongoing drilling program intended to increase mineralized resources at Caballo Blanco. Of the 11 drill holes reported below, six of these drill holes further define the La Paila mineral resource, and the remaining five drill holes expanded the southwestern flank of the La Paila Zone. The zone currently remains open to the south and southwest.

Galena Appoints Craig Lindsay as President and CEO

Vancouver, British Columbia, Canada (January 27, 2012) – Galena Capital Corp. (TSX.V: FYI), (“Galena” or the “Company”) is pleased to announce the appointment of Mr. Craig Lindsay as President and Chief Executive Officer.

Lincoln Mining Announces Private Placement of Up to $300,000

Lincoln Mining Corporation announces its plans to conduct a non-brokered private placement of up to 4,000,000 units at a price of $0.075 per unit for total proceeds of up to $300,000. Each Unit will be comprised of one common share of the Company and one half of one non-transferable common share purchase warrant. Each whole purchase warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.10 per share for a period of one year from closing.

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