Category: Exploration and Development

International Northair Mines Ltd. (TSXV: INM) (the “Company” or “Northair”) is pleased to announce that two core holes have been completed in its current drill program (see Northair press release dated May 29, 2012) at the Sierra Rosario silver/gold project located in Sinaloa State, Mexico. Results from these holes will be reported once assays have been received and interpreted by the Company.

VVC Exploration Corporation is pleased to announce the results of a geological mapping, rock and soil geochemical exploration program in the southern segment of its Cumeral Property, located 70 km to the south of the US border, in Sonora State, Mexico. The exploration program was carried out by independent geological consultants and a National Instrument 43-101 report on the property is being prepared by Michel Boily, PhD, P. Geo. It will be released when completed.

Goldgroup Mining Inc. is pleased to announce that it has completed the next stage of its permitting process at the Caballo Blanco project by submitting responses to the list of comments from the Secretaría de Medio Ambiente y Recurso Naturales, also known as the Ministry of Environmental and Natural Resources, received on March 13, 2012, regarding its previously submitted Environmental Impact Statement. Goldgroup’s responses were filed within the 60 working day timeframe provided by SEMARNAT. The responses are standard procedure in the environmental permitting process and are meant to clarify certain aspects of Goldgroup’s permit application, as well as facilitate SEMARNAT’s review of the EIS. The environmental permitting process is governed by Mexican federal law and regulations.

Silver Bull Resources Inc. is pleased to provide an update on a planned 3,000 meter underground drill program to target a high grade zone of silver within the “Shallow Silver Zone”.

Soltoro Ltd. and Argentum Silver Corp. are pleased to announce assay results from eight additional diamond drill holes recently completed on the El Tajo and Bocancha veins at the Coyote silver gold property, located in Jalisco State, Mexico.

Argentum Silver Corp. is pleased to announce assay results from eight additional diamond drill holes recently completed on the El Tajo and Bocancha veins at its Coyote property, located in Jalisco state, Mexico.

Oro Mining Ltd. is pleased to announce that the Company has received the Preliminary Economic Assessment for its 100% held Taunus project in Sinaloa, Mexico. The PEA was prepared by SRK Consulting (U.S.) Inc. and was based on the following Mineral Resource Statement dated November 29, 2011:

Cangold Limited is pleased to announce that metallurgical testing for the Ixhuatan Gold-Silver Project in Chiapas, Mexico has been advanced to a pre-feasibility level. Phase 1 metallurgical testing at SGS Lakefield, Canada consisted of a scoping level gold recovery test program to define the plant process flowsheet. Testwork results indicated recoveries averaging 87% (range of 82-93%). The average grade obtained by SGS Lakefield for the four drill core samples tested (see news release May 1, 2012) was 2.77g/t gold.

International Northair Mines Ltd. is pleased to announce that Coeur d’Alene Mines Corporation has agreed to terms for a $3 million investment in Northair.

Patriot Minefinders Inc. is pleased to announce the appointment of four new Directors in concert with its focus on the exploration of the La Buena mining project located 5.6 miles north of Goldcorp’s Penasquito Mine and less than 2.5 miles from Goldcorp’s Noche Buena resource area, located in the mining friendly jurisdiction of Zacatecas, Mexico.