Midnight Sun Mining announced that it has entered into an agreement dated July 28, 2011 (the "Agreement") with Logwood Investments Inc., a closely held Namibian Corporation at arms length to the Company (the "Optionor"), whereby the Company has acquired the option (the "Option") to earn a 60% interest in certain mineral properties in Namibia (the "Properties").

Quantum Rare Earth Developments announced results for two additional holes of the first of five drill holes from the spring/summer 2011 exploration program at the Elk Creek Niobium – REE Project, located in southeastern Nebraska, USA. Drill holes NEC11-002 and NEC11-003 are the remaining two of three holes which were completed to test the Elk Creek Niobium Deposit.

ECU Silver Mining Inc. (TSX:ECU) reports that it has recently released its consolidated financial statements for the second quarter ended June 30, 2011 (Q2 2011) and the related management's discussion and analysis of financial position and results of operations (MD&A).

Cornerstone Capital Resources Inc. ("Cornerstone") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) today announced that the Ministry of Environment (ME) of Ecuador has granted the environmental license for Cornerstone's La Encrucijada gold-silver-copper project located in southern Ecuador (see news releases of February 17, March 29 and June 28, 2011). The environmental license is valid for the 4-year initial exploration phase of the project which covers 8,085 hectares. A reconnaissance field program has recently commenced, which includes geological mapping and prospecting of the entire property, as well as a reassessment of previously defined gold-silver anomalous areas. All project data will be integrated into Cornerstone's regional database and a mineralization model defined. Results of the initial reconnaissance work will be announced later this fall.

Southern Silver Exploration Corp. ("Southern Silver") (TSX VENTURE:SSV)(FRANKFURT:SEG) announces that it has closed the second tranche of its previously reported non-brokered private placement by issuing 4,818,206 units at a price of $0.17 per unit for gross proceeds of $819,095. Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of two years at an exercise price of $0.22 per share.

As announced on February 15, 2011, Kalimantan Gold Corporation Limited (TSX VENTURE:KLG)(AIM:KLG) (the "Company") executed a definitive option agreement (the "Deed") with Tigers Realm Minerals Pty Ltd. ("Tigers") an Australian based, privately owned resource company. Pursuant to the Deed Tigers may earn up to a 70% interest in the Company's Jelai Gold Project by meeting certain project expenditure obligations and completing a bankable feasibility study.

TORONTO, ONTARIO--(Marketwire - Aug. 16, 2011) - Kinross Gold Corporation (TSX:K)(NYSE:KGC) announced today that the Company is providing approximately US$1 million in funding for a three year endowment that will provide advanced training to mining engineering students at the University of Alaska Fairbanks (UAF). "Education is a major area of focus for Kinross, and we are pleased to support the next generation of mining engineers in Alaska by providing the UAF with a steady source of research funding over the next three years," said Tye Burt, Kinross Gold President and CEO.

Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to announce that it has executed a term sheet with Caterpillar Financial Services Limited ("Cat Financial"), pursuant to which Cat Financial has agreed to underwrite an additional mining fleet lease facility of approximately US$40 million to fund the Company's acquisition of additional Caterpillar mobile fleet equipment including two rope shovels (the "Mobile Equipment") for the Detour Lake gold project in northeastern Ontario. The additional US$40 million financing (the "Additional Facility") is in addition to the previously announced US$105 million mobile fleet equipment financing provided by Cat Financial.

Stellar Pacific Ventures announced that it was awarded by the Ministry of Mines of the Republic of Mali, an exploration authorization for the Namarana area which covers over 132 km2. This mineral title was delivered July 22, 2011 to Stellar Pacific Mail SARL, the company's wholly owned (100%) subsidiary in Mali.

In late July 2011, Manicouagan completed a follow-up diamond drill program on its Kasagiminnis Lake Project to test for the down-dip extension of the encouraging results from the drill program carried out in April this year. The current drill program consisted of five holes KAS-11-10 to 14 totalling 1,095.3 metres. Four holes (KAS-11-11 to 14) all intersected the mineralized zone at depth. Assay results are expected by the end of August. Hole KAS-11-10 had to be abandoned due to ground conditions.

Wealth Minerals Ltd. (the "Company" or "Wealth") (TSX VENTURE:WML)(FRANKFURT:EJZ) announces the completion of the first phase of diamond drilling at its Rodeo de los Molles ("Rodeo") Rare Earth Element ("REE") Project in San Luis Province, Argentina. The Phase I drilling consisted of 26 drill holes (975.5 metres) targeting outcropping, high-grade REE mineralization confirmed by channel saw sampling results (see Wealth News April 11, 2011 and July 7, 2011).

South American Silver Corp. (TSX:SAC)(PINK SHEETS:SOHAF) reports the release of its unaudited interim consolidated financial statements for the three and six months ended June 30, 2011 and the related management's discussion and analysis of financial position and results of operations ("MD&A").