Category: Exploration and Development

Pan American Goldfields Ltd. Responds to Litigation

Pan American Goldfields Ltd. acknowledges its receipt of Mr. Emilio Alvarez’s recent Delaware lawsuit which seeks to force the Company to hold an immediate Annual Meeting of Shareholders. The Company is disappointed and confused by Mr. Alvarez’s actions. Mr. Alvarez is a partner of Mr. Bruno Le Barber, a director of the Company. Messrs. LeBarber and Alvarez were both notified in writing on October 25, 2012 (more than two months prior to the filing of the Delaware lawsuit) of the Company’s intention to hold an Annual Meeting in June 2013 following the filing of its Annual Report on Form 10-K for its fiscal year ending February 28, 2013. The Company has formally selected June 28, 2013 as the date of its Annual Meeting, and will petition the Delaware court to allow the Company to hold the Annual Meeting on this date.

Aurizon Responds to Unsolicited Offer

Aurizon Mines Ltd. acknowledges the announcement made on January 14, 2013 by Alamos Gold Incorporated of its commencement of an unsolicited bid for all of the issued and outstanding shares of Aurizon that it currently does not own.

McEwen Mining Celebrates Its First Year of Production

McEwen Mining Inc. is pleased to announce the results of its first year of production and for its Fourth Quarter 2012. For the full-year 2012, the Company produced 105,050 gold eq. oz (48,876 gold oz and 2,921,242 silver oz) and in Q4 produced 32,220 gold eq. oz (17,578 gold oz and 761,377 silver oz). Silver production has been converted into gold equivalent ounces (gold eq. oz) based on a 52:1 ratio.

Santacruz Silver Confirms Continuity of GSA vein and the Stockwork area at Gavilanes; Drilling Intersects 263 g/t Ag over 5.40 m, including 2,060 g/t Ag. over 0.20 m

Santacruz Silver Mining Ltd. announces that further to its press release of November 20, 2012 the Company has received results from 18 additional diamond drill holes as part of an ongoing 6,000 meter diamond drill program at its 100% owned Gavilanes Silver project in Durango, Mexico. The current drill program is designed to test three of seven known silver-bearing veins and a stockwork area within the 7,347 hectare property.

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