Year: 2016

Subsequent to the 2015 year-end, on January 7, 2016, Aurcana completed a restructuring transaction with Orion Mine Finance, pursuant to which, among other things, the Company’s interest in the La Negra mine, located in Mexico, was transferred to Orion and all outstanding debt owed by Aurcana to Orion was extinguished. Aurcana is now debt free. The La Negra mine constitutes a “discontinued operation” of the Company for reporting purposes.

Alianza Minerals Ltd. is pleased to announce that the Board of Directors has appointed Mr. Geoff Chater, B. Sc. Geology, as a director of the Company.

Frederick H. Earnest, President and Chief Executive Officer, commented, “We continue to believe that our balance sheet will fund our currently planned activities into 2018, and we still have potential future sources of non-dilutive financing including the sale of our used mill equipment and our non-core Guadalupe de los Reyes gold/silver project in Mexico. Our focus remains fixed on our Mt Todd gold project where we are completing additional modelling and testing to support our request for authorization under the Environmental Protection and Biodiversity Conservation Act of 1999 (Australia); and we are analyzing recommendations from a team of technical experts that we engaged earlier this year to review key parts of the Mt Todd gold project.”

Kootenay Silver Inc. is pleased to announce that further to the joint press releases of Kootenay and Pan American Silver Corp. dated February 16, 2016 and April 26, 2016, Kootenay has closed its non-brokered private placement with Pan American and issued an aggregate of 6,793,550 shares for aggregate gross proceeds to Kootenay of CAD$1,553,431. No finders fees were paid in connection with the Private Placement. As a result of the Private Placement, Pan American owns ten percent of the issued and outstanding common shares of Kootenay.

“Despite some challenges in early 2015, we exited the calendar year of 2015 with very good operational results. We have seen significant improvement in costs at the Rosario Mine and our intention is to continue that improvement into 2016,” said Arturo Préstamo, President and CEO. “Our focus at both the Rosario Mine and now the Veta Grande Mine is to produce cost effective silver equivalent ounces. This will continue to be a priority for our operational team as we move forward.”

“On behalf of the Board of Directors, I would like to extend my sincere gratitude to Doug, Chuck and John for their many years of service and wish them the very best going forward,” said Ian Telfer, Chairman of Goldcorp. “As a director and chair of the Audit Committee, Bev has brought diverse financial, accounting and business experience to the board and I look forward to continuing to work with her as she assumes the additional responsibilities of Vice-Chair and Lead Director.”

Agnico Eagle Mines Limited today announced that, at the annual and special meeting of shareholders held earlier today, each of the twelve nominees listed in the management information circular dated March 11, 2016 were elected as directors of Agnico Eagle.

Net proceeds from the private placement will be used to fund costs associated with a three phase exploration program on the Oro property in New Mexico and specifically the sediment-hosted near surface Stock Pond gold target. A USD$300,000 exploration program on the project will include initial phases of prospecting and trenching followed by drilling planned for the fall of 2016.