Day: August 18, 2014

Bacanora Minerals Ltd. is pleased to announce that its joint venture partner, Rare Earth Minerals, PLC has instructed the delivery of $US1,000,000 to Bacanora in connection with the exercise of its second stage option in respect of Joint Venture #2. Upon receipt of such funds (which are en route via wire transfer) REM will have fulfilled all of its obligations in connection with the exercise of its second stage option and REM’s ownership in Megalit S.A. de C.V. (the company holding the Buenavista, Megalit and San Gabriel concessions that form part of the Sonora Lithium Project in Mexico) will be increased from 10% to 30%. Bacanora will continue to own the remaining 70% interest in Megalit following the receipt of the foregoing funds. For further information on Joint Venture #2, please refer to the Company’s press releases dated March 12 and May 26, 2014.

Newstrike Capital Inc. is pleased to announce completion of an independent NI 43-101 technical report that outlines the results of a successful exploration program on its Ejutla Property located in Oaxaca State, Mexico. Three significant mineralized structural corridors, each host to extensive gold and silver bearing low sulphidation epithermal veins, have been identified on the Property.

Kootenay Silver Inc. is pleased to announce that, further to its press release dated July 18, 2014, it has today closed the final tranche under the non-brokered private placement totaling $541,000 and issued an aggregate of 1,803,333 Units at a purchase price of $0.30 per Unit. Total gross aggregate proceeds from the Private Placement totaled $2,174,050.

Riverside Resources Inc. is pleased to announce that Dr. Greg Myers has joined Riverside’s management team as the Company’s Vice President of Exploration. Dr. Myers is a Professional Geologist with over 35 years of experience in the mining industry. Prior to joining Riverside, Dr. Myers was most recently working in Mexico and Nicaragua as the President and CEO of Caza Gold. His earlier roles included VP, Business Development at Pacific Northwest Capital, President of Mystery Creek Resources and Project Manager/Consulting Geologist for Fire River Gold Corp. Dr. Myers was also the Manager of Mine Exploration for BHP Minerals at the Tintaya copper-gold mine in Peru. During his three year tenure the mine reserves there increased from 48 million tonnes to more than 170 million tonnes. Dr. Myers holds a Ph.D. in geology from Washington State University and a M.Sc. from the University of Alaska.

GREAT PANTHER SILVER LIMITED today announced the appointment of Ali Soltani as the Company’s new Chief Operating Officer. Mr. Soltani has more than 30 years of mining experience in precious metals and copper with Newmont Mining and Phelps Dodge. In his most recent roles at Newmont he served as Vice President of Technical Services, and as Group Executive with overall responsibility for the company’s South American operations. In his new role, Mr. Soltani has responsibility for overseeing Great Panther’s operations, and will be based in the Company’s head office in Vancouver.

MAG Silver Corp., announces that it has issued 706,000 common shares at C$10.25 per share upon the remaining exercise of the over-allotment option related to the previously closed C$79 million bought deal financing. With this further exercise of the over-allotment option, which is now fully exercised, the additional gross proceeds of C$7,236,500 brings the total gross proceeds raised from the full offering to C$86,284,500. The Company’s cash position is now approximately US$90 million with no debt.

Mercator Minerals Ltd. announces, further to the August 1, 2014 press release, that its indirect wholly-owned subsidiary, Mineral Park Inc. has not reached agreement with the syndicate of lenders under the MPI credit facility to extend their forbearance in exercising any rights and remedies (as a result of continuing defaults) under the Credit Facility beyond August 15, 2014.