Kootenay Silver Inc. is pleased to announce that further to the joint press releases of Kootenay and Pan American Silver Corp. dated February 16, 2016 and April 26, 2016, Kootenay has closed its non-brokered private placement with Pan American and issued an aggregate of 6,793,550 shares for aggregate gross proceeds to Kootenay of CAD$1,553,431. No finders fees were paid in connection with the Private Placement. As a result of the Private Placement, Pan American owns ten percent of the issued and outstanding common shares of Kootenay.

“Despite some challenges in early 2015, we exited the calendar year of 2015 with very good operational results. We have seen significant improvement in costs at the Rosario Mine and our intention is to continue that improvement into 2016,” said Arturo Préstamo, President and CEO. “Our focus at both the Rosario Mine and now the Veta Grande Mine is to produce cost effective silver equivalent ounces. This will continue to be a priority for our operational team as we move forward.”

“On behalf of the Board of Directors, I would like to extend my sincere gratitude to Doug, Chuck and John for their many years of service and wish them the very best going forward,” said Ian Telfer, Chairman of Goldcorp. “As a director and chair of the Audit Committee, Bev has brought diverse financial, accounting and business experience to the board and I look forward to continuing to work with her as she assumes the additional responsibilities of Vice-Chair and Lead Director.”

Agnico Eagle Mines Limited today announced that, at the annual and special meeting of shareholders held earlier today, each of the twelve nominees listed in the management information circular dated March 11, 2016 were elected as directors of Agnico Eagle.

Net proceeds from the private placement will be used to fund costs associated with a three phase exploration program on the Oro property in New Mexico and specifically the sediment-hosted near surface Stock Pond gold target. A USD$300,000 exploration program on the project will include initial phases of prospecting and trenching followed by drilling planned for the fall of 2016.

Argonaut Gold Inc. is pleased to announce that it has entered into a $30 million revolving credit facility. Additionally, the Company is pleased to highlight results of an updated Preliminary Economic Assessment for its 100% owned San Agustin gold project in Durango, Mexico prepared by Kappes, Cassiday & Associates, Resource Modeling Inc. and Argonaut Gold’s management team. In accordance with National Instrument 43-101, a Technical Report will be filed within 45 days. The Company also announces it has received approval on the San Agustin Environmental Impact Study from the Mexican Environmental Authority (SEMARNAT). All dollar amounts are in United States dollars unless otherwise stated.

Revenue of (US)$1.5 million in the first quarter 2016 compared to $2.3 million in the first quarter 2015
Loss from operations of $2.3 million compared to a loss of $5.0 million in the first quarter 2015
Net loss of $6.3 million in the first quarter 2016, including $3.9 million of noncash expenses related to the Company’s warrants and convertible loan, compared to a net loss of $3.4 million in the first quarter 2015 that included $0.7 million in noncash income related to the Company’s warrants
Cash and equivalents balance of $2.1 million as of March 31, 2016