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Rare earth metals: fad or phenomenon? Technology metals expert Jack Lifton speaking in Winnipeg

The Winnipeg office of Union Securities Ltd. is hosting a special presentation on technology metals by the man who coined the term "Rare Earth Metals" four years ago. Jack Lifton, a 48-year veteran of the mining industry, Founding Principal of Technology Metals Research LLC, and a leading adviser to the high tech industry and the global institutional-investment community, will be speaking at the Winnipeg Free Press News Café, 237 McDermot Avenue on Saturday, June 11 at 9 a.m.

Ethos acquires 1,460 additional claims by staking in the White Gold District, Yukon

Ethos Capital Corp. (TSX VENTURE:ECC)(OTCQX:ETHOF)(FRANKFURT:1ET) is pleased to announce that it has acquired option rights to an additional 1,460 claims by staking in the highly prospective White Gold District approximately 120 km south of Dawson City, Yukon. The new claims are contiguous with and adjacent to the Betty Property (see November 30, 2010 news release) and the Bridget Property (see March 3, 2011 news release) acquired by option from Shawn Ryan and Wildwood Exploration Inc. A total of 166 new contiguous claims were added to the Betty property which adds 30% to the area of the property.

Crescent Gold Limited: Maiden gold reserve of 54,000oz near surface at New Apollo deposit in Laverton

Crescent Gold Limited is pleased to announce a maiden probable gold reserve of 54,000 ounces near surface at its newly acquired Apollo Deposit in Laverton, Western Australia. Mining operations have been fast tracked and are scheduled to commence in the third quarter of this year. New drilling results and resource modelling had confirmed the probable gold reserve of 770,000 tonnes and at average grade of 2.2 grams per tonne Au (g/t gold) at the company's newly acquired Apollo deposit, less than 10 kilometres southwest of Laverton. Crescent Gold acquired the project last year from the former owners, Barrick Gold and Carbon Energy.

Minera Andes announces first quarter 2011 financial results and restated financial results for 2010

Minera Andes announced net income of $17.0 million ($0.06 per share basic and diluted) for the quarter ended March 31, 2011, an increase of $19.9 million compared to a net loss of $2.9 million ($0.01 per share loss basic and diluted), as restated, for the same period in 2010. The increase is primarily attributable to the strong performance of the San José Mine where our 49% ownership interest is reflected in our Income from Investment in Minera Santa Cruz S.A. ("MSC") which increased from $0.1 million in Q1 2010 to $11.7 million in Q1 2011. Comparing Q1 2011 to Q1 2010, silver ounces sold at MSC increased from 739,000 ounces ("oz") to 1,342,000 oz and gold ounces sold increased from 14,000 oz to 18,000 oz, reflecting increases of 82% and 29%, respectively.

Quantum Rare Earth Developments adds new director and advisory board members

Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(OTCQX:QREDF)(FRANKFURT:BR3) ("Quantum", the "Company") is pleased to announce the addition of David C. Beling, P.E. to the Board of Directors, and the additions of James E. Reynolds, Chemical Engineer, and David R. Shoemaker, Mining Engineer to the Technical Advisory Board.

Orvana completes US$15 million bridge loan

Orvana Minerals Corp. (TSX:ORV) announced today that, as contemplated in the agreement entered into with Fabulosa Mines Limited ("Fabulosa") on May 16, 2011 and previously announced by Orvana, it has entered into an agreement with Fabulosa for a six-month, secured convertible US$15,000,000 bridge loan from Fabulosa, which bears interest at a rate of 8% per annum.

Ucore acquires new strategic rare earth properties in Alaska

Ucore Rare Metals acquired significant additional rare earth-prospective land holdings in Alaska. D uring May, 2011, the Company completed staking of a substantial claim block in the northern Ray Mountains region of central Alaska, on lands selected for mineral potential by the State of Alaska.

Purepoint Uranium Group Inc. completes flow-through financing with MineralFields Group and others

Purepoint Uranium Group Inc. (TSX VENTURE:PTU) is pleased to announce that it has completed a private placement of 2,272,727 units ("Units") at a price of $0.22 per Unit for gross proceeds of $500,000 to a group of investors including MineralFields Group. Each Unit will consist of one flow-through common share of Purepoint and one-half of a warrant ("Warrant"). Each whole Warrant will entitle its holder to acquire one non-flow-through common share of Purepoint for a period of 24 months from the date of issuance, at a price of $0.30 per share during the first 12 months and $0.35 per share during the second 12 months. All securities issued under this private placement are subject to resale restrictions until October 4, 2011.

Monarques obtains receipt for its final prospectus for its public offering of a maximum of $6,000,000

Monarques Resources announced that it has received a receipt for its final prospectus filed with the regulatory authorities in Québec, Ontario, Alberta and British Columbia, with respect to a public offering (i) of a minimum of $2,000,000 or a minimum of 2,000,000 common shares in the capital stock of Monarques, to be issued as "flow-through shares" within the meaning of the Income Tax act (Canada) (the "Flow-Through Shares"), at a price of $0.50 per Flow-Through Share, and a minimum of 2,500,000 units (the "Units") at a price of $0.40 per Unit and (ii) a maximum of $6,000,000 or a maximum of 8,000,000 Flow-Through Shares and a maximum of 5,000,000 Units (the "Offering").

Diamonds North acquires property with high gold grades in multiple drill holes

Diamonds North Resources acquired 100% interest in the Esker gold property in Nunavut. The Esker claim covers several kilometres of gold bearing stratigraphy. Drill intercepts of gold mineralization are as high as 8.2 g/T gold over 13 metres, including 17.7 g/T gold over 5.7 metres; and, 2.4 g/T gold over 71 metres which includes several high grade zones (see table below). For a video presentation on this project visit our website www.diamondsnorth.com. "This low cost staking puts us into a project with wide zones of high grade gold mineralization and significant tonnage potential. As only a small portion of the zone has been tested, our objective is to drill along strike of the known mineralization along the host gabbro units to expand the gold-bearing mineralized zone," says Mark Kolebaba President and CEO of Diamonds North.