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Bravo arranges $5.0 million flow-through financing; updates pre-development and exploration plans

Bravo Gold reported today that the company proposes to issue up to a total of 39 million Units at a price of $0.13 per Unit for gross proceeds of $5.0 million. Each Unit consists of one flow-through common share and one-half non flow-through transferable share purchase warrant; each whole share purchase warrant is exercisable to purchase one additional non flow-through common share at a price of $0.20 for a period of two years. Finder's fees may be payable. The private placement and finder's fees are subject to regulatory approval.

SouthGobi Resources announces Soumber coal deposit officially registered with Government of Mongolia

SouthGobi Resources announced that it has been notified by the Mineral Resource Authority of Mongolia (MRAM) that the company's Soumber coal deposit has been officially registered. The registration process includes calculation of resources to Mongolian standards, review of the calculations by MRAM-appointed industry experts, and defense of the calculations before the Minerals Resource Committee. Mineral deposit registration is a prerequisite for applying for a Mining License.

Orvana announces commissioning of El Valle-Boinas/Carles gold/copper mine, northern Spain

Orvana Minerals announced the commissioning of its El Valle-Boinás/Carlés ("EVBC") gold-copper mine in northern Spain by Kinbauri España S.L.U. ("Kinbauri"), a wholly owned subsidiary of Orvana. EVBC initiated the start-up and commissioning of the mill May 31, 2011, with the first shipment expected in June. EVBC will initially produce at 70% capacity, increasing to its full annual target production levels of over 100,000 ounces gold, 3,900 tonnes copper and over 150,000 ounces of silver once the shaft is completed in early 2012.

Mammoth Energy Group continues to acquire Chilean lithium assets

Mammoth Energy Group, a lithium and alternative energy mining company, announced today that its wholly owned subsidiary Compania Lithium Investments Limitada of Chile has signed a Letter of Intent to acquire six concessions for a total of 2471 acres (1000 hectares) of lithium concessions located in the Salar de laco in northeast Chile. "The Salar de laco is approximately 10 miles from the border of Argentina and approximately fifty miles away from the Salar de Atacama, Chile's largest mined lithium reserve," said William Lieberman, President of Mammoth Energy Group.

Grande Cache Coal earns net income of $27.7 million during fiscal 2011

Grande Cache Coal announced its financial and operating results for the three and twelve months ended March 31, 2011. Net income for fiscal 2011 was $27.7 million ($0.28 per basic and diluted share) representing a 38% increase from $20.1 million ($0.21 per basic share and $0.20 per diluted share) in fiscal 2010. Fourth quarter net income was $5.1 million ($0.05 per basic and diluted share) compared to $1.4 million ($0.01 per basic and diluted share) in the same period last year.

Commander options gold property in the Yukon

Commander Resources Ltd. (TSX VENTURE:CMD) has negotiated an option agreement for a package of claims located in the Little Highland River Valley, Watson Lake mining district in the Yukon. Recently, this region has seen a great deal of gold exploration activity following the success of the 3Ace property, owned by Northern Tiger, which is situated immediately south of Commander's new claims. 2010 reported drill results on the 3Ace property included intercepts of up to 14.8 g/t gold over 10.9 m, including 145 g/t over 1.05 m.

Ethiopian Potash appoints new director

Ethiopian Potash announced the appointment of Robert J. Metcalfe as a director of the Company and the simultaneous resignation of Wally Rudensky from the board of directors.

BonTerra assays up to 42.6 grams/tonne gold

BonTerra Resources is in receipt of gold assays for an additional four drill holes on the Eastern Extension Gold Project. Hole BA- 11-23 assayed 8.95 grams/tonne ("g/t") gold (0.26 Oz/ton) over 6.2 metres (20.46 Feet). Gold is concentrated in mineralized and altered quartz veins. Visible gold was observed in two samples in BA-11-23.

Crystallex advised of legal action by certain noteholders; company notified of Amex panel appeal decision

Crystallex International reported today that it has been served with a Notice of Application by certain holders of the senior unsecured notes of Crystallex that are due December 23, 2011. The noteholders are seeking a declaration from the Court that there has been a "Project Change of Control" event as defined in the First Supplemental Indenture made as of December 23, 2004 which would require Crystallex to purchase all of the notes of each note holder who has so requested at a price equal to 102% of the principal amount of the notes, together with accrued and unpaid interest to the date of purchase.

Seymour Ventures announces launch of 2011 exploration program on the Mount Bisson and Xeno rare earth properties

Seymour Ventures' wholly owned subsidiary Rare Earth Industries Ltd. (REI) is pleased to announce that it has commenced the exploration work program on the Mt. Bisson and Xeno rare earth properties, located in the Omineca Mining Division, approximately 50 kilometers NW of Mackenzie in central BC. REI has the right to earn a 60% interest in the properties from Paget Minerals by spending $1,050,000 over three years to develop the property, including $350,000 in 2011. The initial discovery of rare earth element mineralization on the Mount Bisson property was made by Halleran in 1986 with total rare earth element (TREE) contents as high as 13.5 wt.% in grab samples from the Laura occurrence.

Timminco announces amended and extended long-term contract for silicon metal supply

Timminco Limited ("Timminco") (TSX:TIM) announced today that its wholly-owned subsidiary, Bécancour Silicon Inc. ("Bécancour Silicon"), has signed a new, long-term silicon metal supply contract with one of its long-standing silicon metal customers. This new contract, which replaces all previous commitments with this customer for the years 2011 to 2014, provides for revised pricing retroactive to January 1, 2011 and extends the supply commitments through to the end of 2015. "The contract amendment with this long-standing customer will provide additional liquidity to Bécancour Silicon in the near term through higher pricing," said Mr. John Fenger, President and Chief Operating Officer of Timminco.