Mercator Provides Update on Merger Deal with Intergeo

Mercator Minerals Ltd (“Mercator” or the “Company”) announces that it has been advised by Intergeo MMC Ltd (“Intergeo”) that Intergeo does not currently expect to request or agree to an extension of the completion deadline beyond August 1, 2014 in connection with the proposed business combination between Mercator and Intergeo pursuant to the arrangement agreement (the “Arrangement Agreement”) between Mercator and Intergeo dated December 12, 2013.

Orex and Fresnillo Add a Second Drill Rig to the Coneto Silver-Gold Project in Durango

Orex Minerals Inc. in conjunction with their project partner Fresnillo PLC, have mobilized a second exploration diamond drilling rig to their Coneto Silver-Gold Project in Durango, Mexico, and a third drill rig is being planned. A joint technical committee, with both Orex and Fresnillo representation, is guiding the Coneto project, with Fresnillo as the operator.

Aurcana Appoints New Board Member

Mr. Jose Manuel Borquez has been named a director of Aurcana Corporation. Mr. Borquez is an attorney based in Santiago, Chile who has worked in the natural resources sector for 25 years. An International Natural Resources lawyer specialized in Latin America, he is a graduate of the School of Law of the Universidad de Chile with Law, Economics and International Relations studies at the graduate level at the Diplomatic Academy of Chile (1985-1986) and at Georgetown University Law Center and the School of Foreign Service in Washington, D.C. (1987/1988). He was admitted to the Bar in Chile in 1985. He has been involved in assignments throughout the Americas as well as Africa and the Middle East. Clients range from multinational mining companies to privately-owned mines, financial institutions and government agencies. Corporate clients of note have included Placer Dome Inc, Antofagasta, Xstrata and Codelco, among many other companies. His broad experience in the precious metals and base metals sectors ranges from exploration and mining to reclamation.

MAG Silver Closes $79 Million Common Share Offering

MAG Silver Corp. announces that it has completed its previously announced bought deal financing and has issued 7,712,000 common shares, including 392,000 common shares issued on partial exercise of the over-allotment option, at C$10.25 per share, for gross proceeds of C$79 million. The Offering was conducted by a syndicate of underwriters, led by BMO Capital Markets and Raymond James Ltd., and including Macquarie Capital Markets Canada Ltd., Scotia Capital Inc., H.C. Wainwright & Co. LLC, National Bank Financial Inc., TD Securities Inc. and PI Financial Corp. The Underwriters reserve the right to exercise all or any portion of the balance of the over-allotment option, 706,000 shares, at any time within 30 days following closing.

Mammoth Announces Non-Brokered Private Placement Financing

Mammoth Resources Corp. would like to announce that it intends to proceed with a non-brokered private placement of up to 9.3 million units of the Company at an offering price of $0.035 per Unit based on the company’s 20-day VWAP, for gross proceeds of up to $325,500. Each Unit consists of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one Common Share until two years following closing of the private placement, at an exercise price of $0.10. The Company has set no minimum number of Units to be distributed and no minimum dollar amount required to be raised in connection with the Private Placement.

Inversión minera caerá por segundo año consecutivo

La Cámara Minera de México (Camimex) estimó que la economía mexicana captará 6,176 millones de dólares de inversiones en el sector de la minería en 2014, lo que representa una caída de 6.1% frente año pasado.

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