Year: 2012

Pan American Goldfields Ltd. is pleased to announce the production results for the last two months of operation at its 80% owned Cieneguita project, Chihuahua, Mexico. The Cieneguita project is currently being operated on a pilot basis under an agreement between The Company and Minera Rio Tinto, a private Mexican company. The terms of the agreement were recently re-negotiated as discussed in The Company’s release on September 12th -2012. The Cieneguita project as operated by MRT produces a bulk sulfide flotation concentrate or pre-concentrate at the Cieneguita plant. This concentrate is then shipped to Choix where it is treated to produce a lead concentrate that contains the majority of the valuable metals gold and silver. This lead concentrate is then sold under contract to Trafigura who then ships the concentrate to various smelters for final metal recovery.

NWM Mining Corporation announced today that Mr. John Van De Beuken has resigned as the COO of the Company following the completion of the initial commissioning phase for the Lluvia de Oro project. He will remain as a director of NWM.

Energold Drilling Corporation, a leading worldwide operator and manufacturer of mineral exploration and energy drilling rigs, today announced the appointment of Mr. Craig Geier as Managing Director, Dando Drilling Services, effective immediately. DDS is an affiliate of the Company’s wholly owned rig manufacturer Dando Drilling International based in the United Kingdom and will be initiating the Energold Groups global water drilling services business segment. Mr. Geier was previously the Company’s Chief Financial Officer and Vice President of Corporate Development. In parallel with Mr. Geier’s appointment, the Company has appointed Mr. Steven Gold as interim CFO, who was previously Director — Corporate Development. The Company has initiated an external search for a permanent replacement of the Chief Financial Officer.

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce that the Board of Directors has appointed Mr. Brendan Cahill to the position of President of the Company. Mr. Peter Crossgrove will continue in his roles as Executive Chairman and Chief Executive Officer.