Year: 2016

Corex Gold Corp. further to its release of November 2, 2015 wishes to advise that it shall commence a non-brokered private placement of up to 20,000,000 units at a price of CAD$0.05 per unit, for aggregate gross proceeds of up to CDN $1,000,000. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will be exercisable by the holder to acquire one additional common share at a price of CAD$0.15 for a period of twenty four months following the closing of the financing.

“Management is pleased with the performance of both operations in the first quarter of 2016,” stated Arturo Préstamo, CEO of Santacruz. “The Rosario Mine has now reached Level 4 and we are confirming a strong vein system, which together with improved mining methods has resulted in less dilution yielding improved head-grades at Rosario. At the Veta Grande Mine we are seeing significant progress both in terms of the milled tonnes and mine development, which will set us up very well for the second quarter.”

Almaden Minerals Ltd. announces that as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure. The review identified filing and disclosure issues with the technical report titled, NI 43-101 Technical Report Preliminary Economic Assessment of the Ixtaca Project, Mexico filed on January 22nd, 2016. The Company has amended the report accordingly, which has now been refiled on SEDAR as an amended report. The Company wishes to clarify that the amendments are not material changes and the Report’s data, inputs, interpretation, conclusions and results all remain unchanged. The items amended according to NI 43-101 are listed below in order of appearance in the original report.

“We are very pleased with this strong show of support from our existing long-term shareholders as we continue to move forward with our strategy to further delineate the San Acacio Silver Deposit,” stated Bruce Winfield, President and CEO. “San Acacio and the surrounding region is a prolific silver producing area which has a long history of silver production. We are encouraged by the results we have realized to date and with our strengthened balance sheet, expect to continue to move the asset forward and demonstrate its significant resource potential.”

Arturo Bonillas, President of the Company, stated, “Gold production this quarter was strong mainly due to higher grades and lower waste stripping. Grades were 17% higher and strip was 18% lower than the same quarter last year. We remain on track to achieve our objectives for 2016.”

“Great Panther’s first quarter production of 1.01 million silver equivalent ounces is in-line with our annual guidance, and reflects our plans for modest growth and further focus on operational efficiency in 2016 after achieving 30% growth last year”, stated Robert Archer, president & CEO. “The increase in gold production and decrease in silver production are a direct result of the rising production from San Ignacio, which has a higher gold to silver ratio, and pillar recoveries at the Guanajuato mines. Our team’s continued pursuit of greater efficiencies and better grade control is another important factor in the overall success for the quarter and is reflected in more ounces produced from less tonnes.”

Jorge A. Ganoza, President and CEO, commented: “Silver and gold production exceeded guidance for the quarter. San Jose’s outperformance was driven by higher head grades, increase in milled tonnes, and better metallurgical recoveries. Caylloma reached the new mill throughput rate of 1,430 tpd at the end of March.” Mr. Ganoza continued, “Mill expansion from 2,000 tpd to 3,000 tpd is progressing as planned with commissioning scheduled for July 2016. At that point, the San Jose Mine will rank among the top thirteen primary silver producing mines in the world, increasing Fortuna’s consolidated silver and gold annual production to approximately 9 -10 million ounces of silver and 52 – 53 thousand ounces of gold.”

Golden Tag Resources Ltd. is pleased to announce that it has signed a letter of intent with Golden Minerals Company allowing Golden Tag to purchase Golden Mineral’s 50% interest in the San Diego Silver Project, Mexico. On completion of the formal purchase agreement, the Company will hold a 100% interest in the project. The proposed terms of purchase call for the payment of $Cdn Five Hundred Thousand Dollars and the issuance of Two Million, Five Hundred Thousand common shares of Golden Tag. Golden Minerals will also be granted a 2% NSR on the property. Completion of the purchase is subject to the negotiation and execution of binding legal agreements, Golden Tag raising the cash portion of the price (which it is currently seeking to secure) and TSX Venture Exchange acceptance. The LOI contemplates closing must all occur by June 17, 2016.

Macarthur Minerals Limited is pleased to announce that it has closed the previously announced non-brokered private placement for aggregate gross proceeds of CAD$300,000 for 15,000,000 units at a price of CAD$0.02 per Unit to Rare Earth Minerals Plc. The Unit Price is equal to the closing price of the Company’s TSX Venture Exchange listed shares on February 3, 2016, the date the Company announced the Offering.

“We delivered a solid operational quarter due in large part to the restructuring plan we put in place earlier this year combined with our continued focus on cost reductions and productivity improvements despite lower lead grades at the Galena Complex,” said Americas Silver President and CEO Darren Blasutti. “For the remainder of the year, our focus will be on improving our Cosalá Operations mine planning, securing financing for our San Rafael project and increasing mining in higher lead grade areas at the Galena Complex in order to maintain our momentum on lowering costs to achieve or exceed our stated guidance for the year.”