Fortuna Silver Mines Inc. is pleased to announce that the transaction to acquire the Taviche Oeste Concession (Fortuna news release January 24, 2013) has now closed. Fortuna has acquired a 55 percent interest in the property for a US$4 million cash payment and entered into an option agreement whereby upon announcement of a production decision, Fortuna may purchase the remaining 45 percent interest for a US$6 million payment. The Taviche Oeste concession is subject to NSR royalties totaling 2.5 percent.

Geologix Explorations Inc. is pleased to announce that recent prefeasibility study optimization metallurgical test work indicates the potential to increase overall gold recovery in the sulphide mill design by 16.4% and silver recoveries by 31.4% compared to the April 2011 Preliminary Assessment Study completed by SRK Consulting (Canada) Inc. Sulphide processing material in the PA accounted for 90% of the total processed material (10% Oxide).

Patriot Minefinders Ltd. is pleased to announce that it has engaged Arseneau and Associates to conduct a review and update of the historical NI 43-101 technical report on KM 66 that was prepared by Wardrop Engineering (now Tetra Tech) for Great Panther Silver Ltd., with the goal of establishing a current NI 43-101 compliant resource estimate in the La Gloria and Las Palmitas areas.

Chesapeake Gold Corp. is pleased to release the positive results of a Pre-Feasibility Study on its 100% owned Metates gold silver project located in Durango State, Mexico. The NI 43-101 compliant PFS incorporates significant scope changes and updated engineering work as well as updated capital and operating cost estimates since the Preliminary Economic Assessment dated April 25, 2011. Both the PEA and the PFS were prepared by M3 Engineering & Technology of Tucson, Arizona and other prominent consultants who have recent project development experience in Mexico. All costs are in US Dollars.

Skeena Resources Limited is pleased to provide the results of metallurgical test work on drill core from the Company’s 100% owned Tropico copper-platinum-palladium-gold Project, located 25 km north of Mazatlan, Sinaloa State, Mexico.

Lake Shore Gold is selling all of its Mexican properties to Revolution Resources in order to keep its management team and finances focused on its Canadian assets.