Category: Exploration and Development

Goldgroup Mining Inc. is pleased to announce the updated National Instrument 43-101 compliant mineral resource estimate for its flagship 100%-owned Caballo Blanco gold project in Veracruz, Mexico. Based on a 0.2 g/t Au cut-off grade, the Company’s indicated mineral resources at the La Paila Zone at Caballo Blanco grew by 314% from 139,000 to 575,000 ounces of gold (28.9 million tonnes grading 0.62 g/t Au). The inferred mineral resources summed to 419,000 ounces of gold (24.0 million tonnes grading 0.54 g/t Au). This Technical Report also adds silver mineral resources to the mineral resource estimate at Caballo Blanco, including 2,150,000 ounces of silver indicated mineral resources (28.9 million tonnes grading 2.32 g/t Ag) and 1,930,000 ounces of silver inferred resources (24.0 million tonnes grading 2.5 g/t Ag). The Technical Report was prepared for the Company by Jim Cuttle, P. Geo. and Gary Giroux, P. Eng. of Giroux Consultants Ltd., each an independent Qualified Person under NI 43-101 standards.

Intercepts of 8.65 Meters of 13.02 g/t Gold and 7.75 Meters of 29.51 g/t Gold Among Best Ever Drilled by Paramount in Palmarejo District

Cream Minerals Ltd. is pleased to provide results for seven exploration drill holes completed on Cafetal-Veta Olvidada, The Cafetal-Veta Olvidada zone is located to the east of Once Bocas South and trends SE/NW. This new zone is not included in the current NI 43-101 Inferred Mineral Resource.

Vancouver, BC, February 16, 2012 — Geologix Explorations Inc. (TSX: GIX) (the “Company”) is pleased to announce remaining drill assay results from the latest resource expansion and infill drilling program at its 100% owned Tepal property in Michoacán state, Mexico. All drill assay data from the 160 holes drilled in the latest program are now being compiled in preparation of the forthcoming updated resource estimation.

On August 11, 2011, we, along with our joint venture partner Pan American Silver Corp. released a Preliminary Economic Assessment for the La Preciosa project. The results of the PEA were very favorable for the project, showing an after-tax net present value at a 5% discount rate of US$315 million (assuming prices of US$25/oz silver and US$1,250/oz gold). The project generates a 24.3% IRR assuming the above metal prices.

North Springs Resources Corp. is pleased to announce that it has initiated negotiations to acquire an interest in an option on multiple producing gold properties and a related mill operation in Chihuahua, Mexico.

Highvista Gold Inc. is pleased to report that it has identified several zones of high grade gold and silver mineralization at the La Republicana target on its 100% owned Canasta Dorada Gold Project, located within the Sonoran Gold Belt, in Sonora State, Mexico.

(402,092 Oz. Au Indicated / 740,911 Oz. Au Inferred)

DynaResource, Inc., a Resource Investment and Management Company based in Irving, Texas, with a current focus on the San Jose de Gracia Project in Mexico, targeting growth in the defining and production of gold and silver resources, is pleased to announce that it has received the results of a National Instrument 43-101 compliant resource estimate for the San Jose de Gracia Project from DynaResource de Mexico, SA de CV., the 100% owner of SJG. The current resource estimate is comprised of 372 drill holes totaling 75,878 meters.

Comstock Metals declared that it has started the first phase of a drill program on its Corona Gold-Silver Project located in the Uruachic District of Chihuahua, Mexico.

Arco Resources Corp. contracted with Micon International in the fall of 2011 to prepare a technical report under National Instrument 43-101 on its 3,181 hectare Predilecta property located in the state of Oaxaca, Mexico. The Report has now been completed, and recommends a two-phase property-wide exploration program with a budget of $290,000.