First Point Announces Follow-on Private Placement Financing

First Point Minerals Corp. announces that Cliffs Natural Resources Exploration Inc., an affiliate of Cliffs Natural Resources Inc., has notified First Point of its intention to exercise its pre-emptive right, which was granted under the terms of the Option Agreement between the parties dated November 12, 2009, as amended, to acquire sufficient securities of the Company in order that Cliffs will hold a 15% ownership interest in First Point.

Scorpio Mining Intercepts 3.85 Meters of 2802 g/t Silver, 1.75 g/t Gold and 7.76% Combined Base Metals at the San Rafael Development Project

Scorpio Mining Corporation is pleased to report preliminary results from the recently completed drill program at its 100% owned San Rafael Project in Cosalá, Sinaloa, Mexico. The San Rafael Project is a zinc-lead-silver-copper project located approximately 16 km from Scorpio Mining’s operating Nuestra Señora plant which currently processes approximately 1,500 tonnes per day.

Kimber Announces $5 Million Bridge Loan Credit Facility

“We are pleased to have closed the $5 million Facility with SRLP at this time,” reported Gordon Cummings, President and CEO of Kimber Resources. “Kimber appreciates this supportive cash funding from the Sprott Group and will continue to advance the Monterde project in the prolific Sierra Madre gold-silver belt in Mexico.”

Tara Minerals – Don Roman District Production Action Plan Under Development

Tara Minerals Corp. is pleased to announce that work is under way to develop a district wide production plan. Tara currently has 100% ownership in over 25,770 acres in the Don Roman district. The first district project to reach commercial production is expected to be the Champinon iron ore property. The cash flow from this initial 2012 production project will be leveraged to mine the known gold, silver, zinc and lead veins within the district.

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