Vancouver, B.C. — January 19, 2012: San Marco Resources Inc. (SMN: TSX-V) has completed its non-brokered unit private placement announced December 16, 2011. The private placement was oversubscribed and a total of 5,176,250 units at $0.10 per unit were issued in two tranches for gross proceeds of $517,625. The shares, including any shares issued on exercise of the warrants and as finder’s fees, are subject to transfer restrictions until April 24, 2012 (first tranche of 1,226,250 Units) and May 20, 2012 (second tranche of 3,950,000 Units).

Further to the Company’s news releases dated November 28, 2011 and January 6, 2012 announcing a private placement of 2,866,666 units, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed the private placement of 2,866,666 units, at a price of $0.12 per unit each with half a warrant at $0.15 excisable for two years, to raise proceeds of $344,000.

VANCOUVER, BRITISH COLUMBIA, Jan 18, 2012 (MARKETWIRE via COMTEX) — Baja Mining (otcqx:BAJFF) today announced that its 70 per cent-owned Mexican subsidiary, Minera y Metalurgica del Boleo S.A de C.V. (MMB) drew a further US$ 100 million on January 17, 2012, the third draw on its senior debt facilities to date.

Production Report for the 12 months ended 31 December 2011

Argonaut Gold Inc. is pleased to announce gold production for Q4 2011 of 19,700 ounces and a total of 72,000 ounces for 2011. These are records for both quarterly and annual production. The Company is also providing production guidance range for 2012 of 85,000 to 95,000 ounces of gold.