Category: Investor’s Corner

Source Exploration Corp. announced today that Gorden Glenn, B.Sc., has been appointed Chairman of the Board of Directors. Mr. Glenn has extensive experience in the mining sector, having held senior positions with a number of major Canadian Banks and Securities firms focused on large, medium and small cap mining and exploration companies. His financial market experience includes mine finance, M&A, and project evaluation. Mr. Glenn also served as President & CEO of Foran Mining Corporation and is currently Interim President, CEO and Director of Auriga Gold Corp. He holds an Honours Bachelor of Science degree in Geological Sciences from Queen’s University, and has considerable experience in directing and executing exploration programs gained during his employment with Kennecott Canada Inc and Inmet Mining Corporation. Mr. Ewan Downie will step down as Chairman of Source but remain a Director of the Company.

Southridge Enterprises Inc. is pleased to announce that it has recorded milestone mineral production and revenues for the fourth quarter and year ending August 31, 2012, from its 60 ton per day mill site at Cinco Minas in Jalisco, Mexico. In fiscal 2012, the Company processed over 9,000 tons of ore and recorded revenues of $3.14 Million.

AuRico Gold Inc. is providing an update on operational guidance.

Torex Gold Resources Inc. announced today its financial results for the three and nine months ended July 31, 2012.

MAG Silver Corp. is pleased to announce that it has closed its private placement offering of 3,526,210 common shares at a price of C$9.40 per share for gross proceeds of approximately C$33.1 million. The common shares issued are subject to a four month hold period under applicable Canadian securities laws.

Baja Mining Corp said its South Korean partners for the Boleo project in Mexico were unable to decide on the second stage of financing for the copper-cobalt-zinc project.

Mercator Minerals Ltd. is pleased to announce the results of an updated feasibility study to the feasibility study completed November 2011, which further enhances the potential development of a robust, large-scale, low-cost copper mine at the El Pilar project (“Project”), located in a mining friendly jurisdiction of the northern Mexican state of Sonora.

Torex Gold Resources Inc. is pleased to report that its Board of Directors has accepted the Morelos Gold Project’s bankable feasibility study dated August 30, 2012, and has instructed management to initiate procedures that will, pending the arrangement of acceptable project financing, lead to the implementation of BFS recommendations to develop and bring the Morelos Gold Project to commercial production.

Scorpio Gold Corporation is pleased to announce the appointment of Mr. Steve Roebuck, P.Geo., as President of Scorpio Gold effective September 4, 2012. Peter Hawley will remain as CEO and will become Executive Chairman of the Company.

261% Increase in Net Present Value Reduction in Operating and Capital Costs, Coupled with Improved Recoveries