“Colibri is happy to invite Silver Spruce into this mutually beneficial opportunity. The El Mezquite project is highly prospective, and the deal structure will allow the project to be further advanced and see Colibri still maintain a 50% ownership. The agreement negates the Company’s to need to project finance the El Mezquite and incur share dilution, it reduces the Company’s exploration risk, and it significantly cuts the level of liability on our balance sheet”, says Ron Goguen, President & CEO of Colibri.

“This latest MoU is from one of China’s state champions whose geological team has extensively analyzed all of Sonoro’s data and approved it as a project they would like to proceed with,” said the Company’s representative, Dr. Wei Qian. “It’s a very good endorsement and clear indication that business in China is resuming,” Dr. Qian added.

Mr. Daniel Earle, President & CEO, commented, “We are very proud to have the continued support of Lundin among our strategic shareholders. The Lundin brand is renowned for environmentally and socially responsible resource development in Ecuador, an approach wholly embraced by Solaris.

“This new silver stream gives First Majestic significant upside potential to higher silver prices while minimizing risks and costs,” said Keith Neumeyer, President and CEO of First Majestic Silver.

Pete Dougherty, President & CEO stated: “Magino is truly a valuable and strategic asset given existing project infrastructure, the already-known mineral endowment of the orebody and the existing exploration potential, its location within the mining-friendly jurisdiction of Ontario, Canada and its proximity to other strong cash flowing operations such as the Island Gold mine.”

Placement of 190.0 million Shares to raise $0.57 million on the same terms as the recently completed Entitlement Issue.

“We are pleased to be debt free again and can now direct our positive cash flow to improving production at the San Martin mine,” stated Robert Eadie, CEO and President.