Author: Josue Gomez

Aurion Closes $3 Million Financing

Aurion Resources Ltd. is pleased to report that it has completed its previously announced non-brokered private placement, for 8,571,426 million units at a price of CDN$0.35 per unit to raise aggregate gross proceeds of CDN$3 million. Each unit consists of one common share of Aurion and one full share purchase warrant of Aurion. Each whole share purchase warrant will entitle the holder thereof to acquire one additional common share of Aurion at an exercise price of CDN$0.45 cents per share for three years. Aurion can elect to accelerate the exercise of the warrants if Aurion’s volume-weighted average share price is at or above CDN$0.70 per share, based on the preceding 20 day closing share price. Finder fees of $99,612 in cash and 310,000 units (share plus warrant) and 424,718 compensation warrants are payable in connection with this financing. These warrants have the same terms as the above share purchase warrants.

Defiance Silver Corp Adds George Gorzynski to Its Board of Directors

Defiance Silver Corp is pleased to announce that further to the Defiance news release dated August 31, 2011, George Gorzynski, P.Eng., has joined its Board of Directors. Mr. Gorzynski holds a Bachelor of Applied Science (Honours) from the University of Toronto and a Master of Applied Science from the University of British Columbia. He is a Professional Engineer registered in the Province of British Columbia. George has over 30 years experience exploring and developing mining projects in Mexico and worldwide.

Oroco Closes Second Tranche of Non-Brokered Private Placement

Oroco Resource Corp. announces it has today closed the second and final tranche of a non-brokered private placement financing (the “Financing”) it previously announced by news release dated February 27, 2012, and amended March 2, 2012. The Company has raised gross proceeds of $647,500 in this second tranche closing through the sale of a total of 2,590,000 units at a price of $0.25 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months at a price of $0.40 per share. The securities issued in connection with this private placement will be subject to a four-month hold period in accordance with applicable Canadian Securities Laws.

Goldgroup Provides Update on Environmental Permitting Status at Caballo Blanco

Goldgroup Mining Inc. has received its first set of written comments on its primary environmental permit for mining, the Environmental Impact Statement (“EIS”), at the 100%-owned Caballo Blanco gold project, from the Secretaría de Medio Ambiente y Recurso Naturales (“SEMARNAT”), also known as the Ministry of Environment and Natural Resources. The EIS was submitted by Goldgroup to SERMANAT on December 16, 2011. SEMARNAT, which acts as the federal environmental regulatory agency in Mexico, provided its first written response to Goldgroup in line with the typical response time of 60 working days.

Baja Mining Comments on ISS Recommendation

Baja Mining Corp. today commented on a report issued by Institutional Shareholder Services regarding the proxy contest initiated by dissident shareholder Mount Kellett Master Fund II A LP. A Baja shareholders’ special meeting requisitioned by Mount Kellett is scheduled for April 3, 2012.

Rome Grants Riverside Option to Acquire Up to 75% of the Inguaran Property, Mexico

Rome Resources Ltd. is pleased to announce that it, through its wholly-owned subsidiary Roma Recursos de Mexico, S.A. de C.V. has entered into an agreement with Riverside Resources Mexico, S.A. de C.V., the subsidiary of Riverside Resources Inc., whereby Riverside Mexico can earn up to a 75% interest in six mineral concessions comprising 6,539 hectares located in the Inguaran Project, Michoacan, Mexico. In order to exercise its initial option to acquire a 51% interest in the Property, Riverside Mexico must complete at least $3,000,000 worth of exploration expenditures on the Property by March 2, 2015. If this first option is exercised, Riverside Mexico will then have a second option to increase its interest to 75% by incurring an extra $2,000,000 in exploration expenditures by the second anniversary of the date the Initial Option was exercised.

UC Resources – Message from the CEO

I recently attended the annual PDAC convention in Toronto and met with a number of shareholders. We always welcome the opportunity to directly answer questions and discuss company plans with our shareholders. We believe in being accessible, accountable and responsive.

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