Day: January 7, 2015

In light of the current state of the mineral exploration and mining sector and given the expertise and skill sets of the members of the Board of Directors and Management, the Management and Board of the Company believe that the ideal allocation of the Company’s working capital would be within the framework of a resources-focused investment company, while maintaining a limited number of mineral projects for direct exploration activities. For those reasons, the Management and Board have proposed that the Company complete the Proposed COB.

NSX Silver Inc. announces that it has received conditional approval from the TSX Venture Exchange to consolidate its issued and outstanding common shares on the basis of one share for every ten shares issued and outstanding. The consolidation of NSX Silver’s common shares was approved by NSX Silver’s shareholders at an annual and special meeting of shareholders held on June 19, 2014.

Argonaut Gold Inc. announced today that it had record production of 44,312 gold equivalent ounces during the fourth quarter ended December 31, 2014. This included 27,870 gold equivalent ounces at its 100% owned El Castillo Mine located in the State of Durango, Mexico and 16,442 gold equivalent ounces at its 100% owned La Colorada Mine located near Hermosillo, Mexico. Gold equivalent ounces are calculated on the basis set out below.