Year: 2016

Fred Davidson, President and CEO, stated, “Our production performance during the fourth quarter 2015 continues to demonstrate IMPACT Silver’s success and viability as a proven explorer and producer as it continues to manage its costs and mining grades. With a decade of production history, this quarter we continue to generate some of the highest grades in the Company’s history at 190 g/t silver. Despite lower silver prices persisting in 2015, our focus on profitability and higher grade zones of silver especially at San Ramon and Mirasol resulted in revenue per tonne of $91.68 compared to $68.75 in the comparative quarter for 2014. IMPACT is currently free from long-term debt and our operations are primarily funded by production cash flow. However, if the price of silver remains at current low levels, the Company may consider opportunities to improve its balance sheet and fund future developments through financing and/or acquisition or merger.”

San Marco Resources Inc. announces it proposes to carry out, subject to TSX Venture Exchange approval, a private placement of up to 3,000,000 units at $0.05 per unit for gross proceeds of up to $150,000.

Canarc Resource Corp. is pleased to announce that it has closed the second tranche of its private placement equity financing that was announced in the Company’s news release dated February 16, 2016.

As also announced on May 5, 2015, the Company still intends to dispose of all of its current mineral assets to Commander Resources Ltd. Completion of the Commander Transaction remains subject to regulatory approval. The Company is also continuing to evaluate other opportunities and intends to provide an update to its shareholders in the near future.

Jorge A. Ganoza, President and CEO, commented, “Our 2015 operational and financial results reflect Fortuna’s capacity to perform soundly in a challenging metal price environment. Adjusting for a $25.0 million impairment at our Caylloma Mine, the company delivered $6.7 million of adjusted net income.” Mr. Ganoza continued, “San Jose exceeded its silver and gold production guidance while Caylloma successfully shifted mining to high grade polymetallic zones in the Animas Vein, resulting in increased zinc and lead output that helped improve margins.”

Avino Silver & Gold Mines Ltd. is pleased to report the completion of the previously announced brokered public offering through Noble International Investments, Inc., doing business as Noble Financial Capital Markets of Boca Raton, Florida as sole placement agent to an institutional investor. Total gross proceeds of US$800,000 were raised through the sale of 800,000 Common Shares at a price of US$1.00 (approximately Canadian $1.325) per Common Share.

Geologix Explorations Inc. is pleased to announce its common shares have been conditionally approved for listing on the TSX Venture Exchange. Geologix has applied to the Toronto Stock Exchange for a voluntary delisting of its common shares since, as a result of the Company’s current share price and lack of exploration activity in 2015, it no longer meets the TSX’s continued listing requirements.

“2015 was a successful year for McEwen Mining! Our production increased by 22% to 154,529 gold equivalent ounces and our all-in cost decreased by 29% to $1,055 per gold equivalent ounce. Our treasury grew with cash flow from our operations, while at the same time we were able to return capital to our shareholders for the first time and buy-back our stock while prices were low. We are forecasting continued strong performance from our El Gallo mine and our San José mine is poised for better financial performance this year as Argentina once again embraces mining. We are well positioned with a healthy balance sheet to grow and create value for share owners, we have $40 million in our treasury and no debt!” said Rob McEwen, Chairman and Chief Owner.