Day: February 27, 2012

Goldgroup Mining Inc. is pleased to announce that the assay results from the initial 175 metres of underground tunnel development at the Company’s 100%-owned Caballo Blanco gold project in Veracruz, Mexico, confirm past drilling results, thereby providing additional confidence to the Company’s mineral resources announced on February 16th, 2012. The tunnel at the La Paila Zone is being driven to collect bulk-sample material for ongoing metallurgical test work. The tunnelling also provides direct access to the mineralized zone allowing the Company to enhance its understanding of the geological and geotechnical characteristics of the mineralized silica body. Assay highlights from the tunnel include 34.2 metres of 0.77 g/t Au and 30.9 metres of 0.68 g/t Au from channel sampling in the main tunnel, and 42.2 metres of 0.46 g/t Au from sampling in the cross cut off the main tunnel. The results to date show good correlation between the channel sample results and blast material sample results. Moreover, the average gold grades of the mineralized zones in the tunnel correspond well with the grades of the drill holes completed in the area surrounding the tunnel.

Silver Bull Resources, Inc. is pleased to provide the results for another 10 drill holes targeting the “Centenario Zone”, a new zone of silver mineralization that lies to the north and immediately adjacent to the “Shallow Silver Zone”.