Torex Gold Resources Inc. announced today that it has received final acceptance of the Environmental Impact Assessment and The Change of Land Use (ETJ) Permits for its Morelos Gold Project in southwestern Mexico. The environmental protection programs, required during construction, have been requested by the regulator (SEMARNAT) and have been submitted by Torex. Upon acceptance of these submissions, construction is anticipated to start in July of this year.

Santacruz Silver Mining Ltd. is pleased to report the first six holes totaling approximately 1,000 meters of the 16,000 meter Phase II drilling campaign on the 100% owned Gavilanes Silver project in Durango, Mexico. The 7,347 hectare Gavilanes property hosts a low sulphidation epithermal system, where seven high grade silver veins and a stockwork area have been identified to date. The Phase II drill program is designed to test the continuation of three of the seven known silver-bearing veins, each of the veins average 1-kilometer in length, and a stockwork area identified in previous drilling. The drill results reported herein are from the GSA vein, GSA Lower vein and Stockwork area of El Hundido. To date, the GSA vein has been drill tested over a strike length of 500 meters showing clear upside potential for an additional 500 meters of identified strike length which is visible at surface. The stockwork area of El Hundido has been successfully drilled over 250 meters on its identified 500 meters of known strike length to date.

Galore Resources Inc. announces a non-brokered private placement of up to 15 Million units at a price of 0.05 per unit to raise gross proceeds of up to 750,000. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable into one additional common share at a price of 0.10 per share for a period of two years from the date of closing of the financing.

Alta Vista Ventures Ltd. is pleased to report that it has terminated the Option Agreement with Overlord Capital Corp. for the 7,979 hectare (79.8 km²) Orofino Property, located 135 km southeast of Hermosillo, Sonora. The property has now returned 100% to Alta Vista.

Oceanus Resources Corporation announces the initial results from underground and surface channel samples collected within the Santo Nino zone, one of seven mineralized zones on the La Lajita property, have returned high grade gold over significant widths. Highlighted assay results include the following;