Golden Minerals Announces $4.8 Million In Exploration Property Sales

Golden Minerals Company is pleased to announce the sale of most of its exploration properties in Peru for approximately $4.8 million. The Company has entered into an agreement to sell most of the properties to Compania de Minas Buenaventura S.A.A. for $4.3 million, and has completed transactions for approximately $3.5 million of that amount. The sale of the remaining $0.8 million in exploration properties to Buenaventura is conditioned on the receipt of third party consents by February 28, 2013. In addition, the Company sold other exploration properties in November 2012 to another third party for $0.5 million. The Company has closed its exploration office in Peru.

First Majestic Considering Superior Offer from Coeur to Acquire Orko Silver

First Majestic Silver Corp. announces that it has received a notice from Orko Silver Corp. that Coeur d’Alene Mines Corporation has made an acquisition proposal for all of the issued and outstanding shares of Orko pursuant to a plan of arrangement. Orko has further advised First Majestic that the board of directors of Orko has determined that the Coeur Proposal constitutes a “Superior Proposal” as defined in the Arrangement Agreement dated December 16, 2012 between First Majestic and Orko and that Orko intends (subject to First Majestic’s right to match the Coeur Proposal) to enter into an agreement with Coeur to implement the Coeur Proposal.

Silver Bull Announces Closing of Public Offering of Units

Silver Bull Resources, Inc. announced today that it has closed its previously announced offering of units. A total of 22,912,500 units were sold at a price of US$0.40 per unit. The Offering was fully subscribed and the agents partially exercised their over-allotment option. Each unit is comprised of one share of common stock of Silver Bull and one-half of one Common Share purchase warrant, with each whole warrant exercisable to purchase one Common Share, at an exercise price of US$0.55, for a period of 18 months from the closing of this Offering. Silver Bull received gross proceeds from the Offering, before deducting commissions to the agents and estimated offering expenses payable by Silver Bull, of approximately US$9.2 million. The remaining US$0.8 million over-allotment option is exercisable by the agents for a period of 30 days following the closing of the Offering.

Victory Resources Corp Announces Completion of the Agreement to Earn a 70% Interest in the Reforma Property

The agreement was entered into on March 3rd, 2010 between the Company’s Mexican subsidiary, VicRes Mining Mexico S.A. de C.V., and collectively, Aztec Zinc de Mexico S.A. de C.V. and Copper Canyon S.A. de C.V. The terms of the Agreement included a schedule of payments and work programs to earn its 70% interest. The Company successfully completed the terms by paying to the Owners $300,000 and issuing a total of 14,000,000 common shares. The Company was also required to conduct work programs aggregating $2,500,000. As part of the terms of the agreement, the company will now proceed to enter into a joint venture agreement reflecting the 70% undivided interest of the Reforma property.

Northair Provides Update on its La Cigarra Silver Project, Mexico

International Northair Mines Ltd. is pleased to provide a review summarizing the project and corporate highlights completed by the Company on its La Cigarra silver project, located in north central Mexico. Also included is a timeline outlining key objectives of the Company’s Strategic Plan for the current 2013 calendar year.

Coeur d’Alene Mines Corporation Makes Proposal to Acquire Orko Silver Corp. for Cad$2.70 Per Share in Cash and Stock

Coeur d’Alene Mines Corporation today confirmed that it has submitted a binding proposal to acquire all of the issued and outstanding common shares of Orko Silver Corp. in a transaction with a total value of approximately CAD$384 million. Orko today announced that its Board of Directors has unanimously determined, after receiving the advice of its financial and legal advisors, that Coeur’s Proposal constitutes a “Superior Proposal” pursuant to its arrangement agreement with First Majestic Silver Corporation. Orko has provided notice of such determination to First Majestic. Orko also announced that under the arrangement agreement, First Majestic now has five business days, expiring at 11:59 p.m. PST on Tuesday, February 19, 2013, to offer to amend the terms of that agreement to match Coeur’s Proposal, failing which Orko will terminate the arrangement agreement with First Majestic and enter into a definitive agreement with Coeur reflecting Coeur’s Proposal.

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