Evrim Starts Exploration in the Trans Mexican Volcanic Belt

Evrim Resources Corp. is pleased to announce the commencement of exploration work in the Trans Mexican Volcanic Belt in Mexico. The program is being jointly operated and funded by Evrim and regional exploration partner Newmont Ventures Limited.

Aurcana Increases Ownership of La Negra Mine to 99.86%

Aurcana Corporation is pleased to report it has increased its ownership in Real de Maconi S.A. de C.V. from 92% to 99.86% as a result of a recent capital restructure of Real de Maconi. Real Maconi holds a 99.99% interest (one share representing a .00002% interest is held by a third party) in Minera La Negra S.A. de C.V. which has a 100% interest in the La Negra Mine.

Canasil $675,000 Non-brokered Private Placement Fully Subscribed

Vancouver, February 17, 2012 – Canasil Resources Inc. (Canasil, TSX-V: CLZ) announces that the previously announced non-brokered private placement of 3,000,000 units at $0.225 for a total of $675,000 is fully subscribed and the Company is processing documentation for immediate closing of the placement.

Federal Mining Agency Can’t Find Work

A federal agency created by the Conservative government to mediate complaints about Canadian mining operations abroad has spent more than $1.1 million in the past two years, but has yet to mediate anything.

Oro Mining Completes Brokered Private Placement

Oro Mining Ltd. (“Oro Mining” or the “Company”) (TSX VENTURE:OGR) is pleased to announce that it has closed its private placement financing previously announced on February 2, 2012 and February 15, 2012 (the “Private Placement”). The Company issued 71,837,000 units for aggregate gross proceeds of $7,902,070. Each unit, priced at $0.11, consists of one common share and one-half of one non-transferable common share purchase warrant; each whole warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.20 until February 17, 2014.

Lincoln Mining Closes Private Placement of $358,000

The Company issued a total of 4,774,000 units at a price of $0.075 per unit (“Units”) for total proceeds of $358,050. Each Unit is comprised of one common share of the Company and one-half of one non-transferable common share purchase warrant. Each whole purchase warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.10 per share until February 17, 2013.

Orko Silver says new PEA for La Preciosa expected by mid 2012

Orko Silver Corp. (CVE:OK) provided Thursday an update on activities at its La Preciosa silver-gold deposit in the State of Durango, Mexico, with the company expected to deliver a new preliminary economic assessment (PEA) by the middle of this year.

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.