Day: March 15, 2011

Vancouver, British Columbia CANADA, March 15, 2011 /FSC/ – BCY Resources Inc. (BCY – TSX Venture), announces that further to the news release dated February 10, 2011, its name has changed to Mexigold Corp. The Company will commence trading under its new name and symbol, MAU, at the open on March 16, 2011 and will trade on a post-consolidated basis of one (1) new common share for every four (4) common shares currently issued and outstanding.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 15, 2011) – Farallon Mining Ltd. (“Farallon”) (TSX:FAN) today announced that Nyrstar Canada (Holdings) Ltd. (“Nyrstar Canada”), an indirect wholly owned subsidiary of Nyrstar NV (“Nyrstar”), had completed its Compulsory Acquisition (the “Compulsory Acquisition”) of 32,637,786 common shares of Farallon (the “Common Shares”), at a price of $0.80 in cash per Common Share pursuant to the Notice of Compulsory Acquisition made under Section 300 of the Business Corporations Act (British Columbia), and mailed to the holders of Common Shares who did not accept its offer dated 23 November 2010 to purchase all of the issued and outstanding Common Shares of the Company. On 5 January 2011, Nyrstar Canada acquired 462,400,996 Common Shares of the Company representing approximately 93.75% of the Common Shares of the Company. As of 15 March 2011, Nyrstar Canada owns 495,038,782 Common Shares of the Company representing 100% of the Common Shares of the Company.

Gold Resource Corporation (GORO) (NYSE Amex: GORO) today announced financial results for the fourth quarter and year ended December 31, 2010. CEO conference call is scheduled March 16, 2011. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.

Leading natural resources fund manager Dr Markus Elsässer thinks investors need to be careful when buying into the rare earth story, and believes there are now better commodity opportunities elsewhere.

Capital Gold Corporation today reported a 51% increase in revenue for the quarter ending January 31, 2011, compared to the prior year’s period. Net income for the six months ended January 31, 2011 and 2010 was approximately $8,242,000 and $5,884,000, respectively, representing an increase of approximately 40% over the prior period. During the quarter, 14,573 ounces of gold were sold at an average price of $1,375 per ounce.

Toronto stocks plummeted at open Tuesday amid a global sell-off after Japan warned of further radiation leaks. The S&P/TSX Composite Index was down 272.12 points or 2.00 percent to 13,347.07.