Day: March 25, 2011

CALGARY, ALBERTA–(Marketwire – March 25, 2011) – BACANORA MINERALS LTD. (the “Corporation” or “Bacanora”) (TSX VENTURE:BCN) is pleased to announce the appointment of Mr. Colin Taylor of Saskatoon, Saskatchewan as the Vice President, Corporate Development for Bacanora. Mr. Taylor is the founder of Valour Consulting Corp. and serves as its Chief Executive Officer and President. Valour Consulting services the junior resource industry with focus on corporate development and management. From March 2010 to March 2011 he was employed with BEC International Corp., where he was exposed to a wide range of managerial roles within the resource industry in both Canada and abroad. From December 2005 to March 2010, he served as a commissioned officer and pilot in the Canadian Forces. The preceding balance of 2005 he was employed with Pacific and Western Bank of Canada, corporate headquarters, London Ontario. Prior to 2005 he was employed with Claude Resources Inc. at the Seabee gold mine and operated several successful sole proprietorships. Mr. Taylor graduated with a B.A in Philosophy from the University of Western Ontario in 2001.

VANCOUVER, BRITISH COLUMBIA — (MARKET WIRE) — 03/25/11 — Minerals Inc. (“Aura Minerals” or the “Company”) (TSX: ORA) today announced that Patrick Downey, President & Chief Executive Officer, will be leaving the Company.

Shares of Yamana Gold (AUY) saw unusually high trading volume on Friday. Approximately 9,180,826 shares changed hands during mid-day trading, an increase of 8.11% from the previous session. The stock last traded at $12.41.

Timmins Gold Corp. has stepped up a war of words in the battle to buy New York’s Capital Gold Corp.

After receiving a positive preliminary assessment for its Monterde property in the Sierra Madre gold-silver belt in Mexico in 2010, Kimber Resources (TSX: KBR) has stepped up the project’s exploration and development program starting with a 30,000-metre drill program launched in January, which will be followed by a pre-feasibility study during 2011. Kimber Resources Inc is based in Vancouver, British Columbia and trades on the NYSE AMEX under the symbol KBX and on the Toronto Stock Exchange under the symbol KBR. Gordon Cummings, President and CEO, discusses the path to turning the company’s assets into profitable mining operations and why Kimber is ripe for a major revaluation.

Mr. Holmes brings over 20 years of experience in the mining industry to the Company. He began his career with NovaGold Resources Inc. (TSX:NG) in 1987 where he was Vice-President, Finance and Secretary-Treasurer. From 1997 to 2009 Mr. Holmes was Chief Financial Officer and Vice-President Finance of Etruscan Resources Inc. (TSX:EET). Mr. Holmes joined NSGold Corporation in 2010 as Vice President and Chief Financial Officer. His work experience includes structured project debt financings, corporate acquisitions, mining feasibility studies and financial restructurings. Mr. Holmes is a member of the Institute of Chartered Accountants of Nova Scotia.

Paramount Gold and Silver Corp. (AMEX:PZG) reported the fall of 5.13% and closed at $3.88 whereas overall traded volume stood at 2.09 million shares for the day as compare to its average volume stood at 1.99 million. The current market price is 3.94% more than its last 50 days simple moving average.

Canaco Resources Inc. (TSX VENTURE:CAN) (“Canaco” or the “Company”) is pleased to announce it has completed the sale of an additional 3,330,000 common shares of the Company following the exercise in full of the underwriters’ over-allotment option granted by the Company in connection with its previously announced bought deal financing by Canaccord Genuity Corp. and TD Securities Inc. The common shares were sold at a price of $5.40 per share for additional gross proceeds to Canaco of $17,982,000. With the over-allotment option, aggregate gross proceeds of $137,862,000 were raised for the Company.

Capital Gold Corporation today urged stockholders to consider all the facts when voting on the approval of the amended merger agreement with Gammon Gold, Inc., which will provide CGC stockholders with a substantial premium and a superior value to the proposal made by Timmins Gold.

The Board of Directors of Capital Gold has made various unsubstantiated statements about the comparative attributes of the Timmins proposal versus the Gammon Gold deal.

The Capital Gold Board of Directors argues that Gammon offers a better deal than Timmins. It’s time to take a hard look at the facts.