Day: January 23, 2013

Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has issued a corporate update for shareholders of the Company to address questions arising from a recently announced joint partnership with respect to Cinco Minas. Southridge would like to inform shareholders that the joint partnership is no longer valid, and the Company is pursuing other joint partnership opportunities at this time. Although there have been a number of questions that have arisen from the events that followed our joint partnership announcement, the Company maintains that it has signed agreements and communications to verify all of its claims. The Company is currently working with its legal representation and has no further comment at this time.

Newmont Mining Corporation announced preliminary attributable gold and copper production and costs applicable to sales within the Company’s 2012 outlook.

Aurizon Mines Ltd. unanimously recommended that shareholders reject the hostile take-over bid received from Alamos Gold Inc.

Primero Mining Corp. today announced production and estimated cash costs for 2012 and provided production and cash cost guidance for 2013 with a three year outlook.

Guerrero Exploration Inc. announces that Mr. David Stadnyk has resigned, effective today.

Santacruz Silver Mining Ltd. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp., pursuant to which the Underwriters have agreed to purchase, on a bought deal basis pursuant to a short form prospectus, 16,250,000 common shares of the Company at a price of C$1.85 per Common Share for gross proceeds of C$30,062,500. In addition, the Company has granted the Underwriters an option to purchase additional Common Shares at the Offering price to raise additional gross proceeds of up to 15% of the Offering, exercisable for a period of up to 30 days after the closing date.

Santacruz Silver Mining Ltd. is pleased to announce that, in connection with its previously announced short form offering led by Canaccord Genuity Corp. and including Raymond James Ltd. and Cormark Securities Inc., it has increased the Underwritten Offering from C$30,062,500 to C$35,150,000. The Company has granted the Underwriters an option to purchase up to an additional 15% of the Offering, exercisable for a period of up to 30 days after the closing date. If the Over-Allotment Option is fully exercised, the total gross proceeds from the Offering will be C$40,422,500.