Minaurum Commences Drill Program at Corazonada Silver-Zinc Project and Launches New Website

Minaurum Gold Inc. is pleased to announce the beginning of a minimum 2,500-metre diamond-drilling program on its 5,800-ha Corazonada silver-zinc skarn project in Morelos State, Mexico. The Corazonada project is an intrusion-centered skarn system hosted by carbonate rocks identical to those of the numerous gold deposits of the 15 Moz Guerrero Gold Belt as well as Esperanza Resources’s nearby 1 Moz Cerro Jumil Gold deposit. Drilling at Corazonada will both test a prominent aeromagnetic anomaly in the southwest portion of the project and follow up on strong silver and zinc values from surface rock-chip sampling.

Starcore International Mines Ltd. – Hedge Is Gone!

Starcore International Mines Ltd. announces that it has closed out the hedge contracts between its wholly-owned Mexican subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., and Investec Bank plc. Funds advanced to Starcore through the $11 million credit facility arranged with Sprott Resource Lending Corp. were used to settle Starcore’s outstanding forward sales contracts with Investec (see news release of May 10, 2012).

Timmins Gold reports profit from operations of $12.7 million for Q1 2012

Timmins Gold Corp. is pleased to report its first quarter of 2012 financial results for the period ended March 31, 2012. For comparative purposes, Q1 2011 below refers to the three months ended March 31, 2011. All results are presented in United States dollar unless otherwise stated. Readers should refer to the Q1 2012 management discussion and analysis and consolidated financial statements for more complete information.

Elgin Mining Reports First Quarter 2012 Results

Elgin Mining Inc. released today financial results for the first quarter of 2012. The Company’s unaudited interim consolidated financial statements for the quarter ended March 31, 2012 and 2011 and notes thereto, along with its Management’s Discussion and Analysis are available at www.sedar.com and www.elginmining.com . Unless otherwise noted, all financial information is expressed in U.S. dollars.

El Gallo Complex Exploration Update

McEwen Mining Inc. is pleased to provide an exploration update for its El Gallo Complex in Sinaloa State, Mexico. Recent exploration drilling has focused on two targets. The first is a new gold vein that returned multiple intersections of high-grade gold over narrow intersections, including 27.5 gpt gold over 2.1 meters. The second target is located inside of the Phase 1 area, which is permitted for mining and scheduled to begin production during the second half of 2012, where wide intersections of low-grade gold mineralization have been encountered including 0.45 gpt gold over 77.6 meters.

Southridge Signs Letter of Intent to Purchase El Horconcito Gold Mine

Southridge Enterprises Inc. is pleased to announce that the Company has signed a Letter of Intent with San Dimas Mineria S.A. to acquire a 100% interest in the El Horconcito Gold Mine, in the state of Durango, Mexico. El Horconcito is located in the San Dimas mining municipality of Durango, close to the Sinaloa border.

Dia Bras expands silver mineralization at the Promontorio and Santa Eduwiges mines, Cusi Property

Dia Bras Exploration Inc. is pleased to report that continued surface and underground drilling at its Promontorio mine (figure 1:Cusi Project Map View) has expanded the Promontorio disseminated silver deposit and the El Gallo veins while development work on Level 9 of Promontorio mine has encountered good grades of silver in the disseminated zone. Additionally, drilling at Santa Eduwiges has cut several new zones of high grade silver mineralization.

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