Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) ("Paramount") today reported some of the highest silver grades yet discovered at its 100% owned San Miguel Project in Mexico.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2012) - (All amounts in US dollars unless otherwise stated and all production figures are approximate)

YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY)(LSE:YAU) ("Yamana" or "The Company") today announced its mineral reserves and resources for the year ended December 31, 2011. The Company's total gold equivalent ounces(1)(GEO) in the proven and probable mineral reserves category increased by 2.0 million ounces to 18.6 million ounces, which represents an 11% increase over the previous year. Total measured and indicated resources were replaced and inferred GEO mineral resources increased by 39% to over 10 million ounces. The increases are net of 2011 depletion due to production of 1.1 million GEO.

YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY)(LSE:YAU) today announced that the Board of Directors approved a further 10% increase in the Company's annual dividend to $0.22 per share and declared the first quarter dividend of $0.055 per share. This represents an 83% increase over the last 12 months. The quarterly dividend declared is payable to shareholders of record at the close of business on March 30, 2012, and will be paid on April 13, 2012. The dividend is an "eligible dividend" for Canadian tax purposes.

Ironwood Gold Corp. (OTCBB: IROG) ("Ironwood" or the "Company") wishes to advise of plans to proceed with an 18-hole, 6000 meter drilling program after receiving a favorable assessment from Snowden Mining Industry Consultants Inc. ("Snowden").

Athabasca Minerals Inc. (the "Corporation" or "Athabasca") (TSX VENTURE:ABM) is pleased to announce that it has received a technical report (the "Kearl Report") dated February 15, 2012 with respect to the Kearl property (the "Kearl Property") and a technical report (the "Logan Report") dated February 15, 2012 with respect to the Logan property (the "Logan Property"). Both the Kearl Property and the Logan Property contain aggregate deposits under development by the Corporation. A copy of the Kearl Report and the Logan Report will be available on SEDAR within 45 days.

Quadra FNX Mining Ltd. ("Quadra FNX") (TSX:QUX) is pleased to announce that its securityholders have approved the previously announced plan of arrangement (the "Arrangement") involving Quadra FNX, 0929260 B.C. Unlimited Liability Company ("AcquireCo"), an indirect wholly owned subsidiary of KGHM Polska Miedz S.A. ("KGHM") (WSE:KGH), and holders of Quadra FNX's common shares ("Common Shares"), common share purchase warrants issued on March 1, 2007 ("2007 Warrants") and common share purchase warrants issued on September 9, 2009 ("2009 Warrants") together the Securityholders (the "Securityholders). At the special meeting of the Securityholders held today, the Arrangement was approved by 78.6% of the Securityholders voting together as a single class. All amounts are in Canadian dollars.

Unigold Inc. (TSX VENTURE:UGD) (the "Company") is pleased to announce that it has entered into a revised letter of engagement with Dundee Securities Ltd. (the "Lead Underwriter") together with Primary Capital Inc. as co-lead, and a syndicate of underwriters including Stifel Nicolaus Canada Inc., Clarus Securities Inc. and PowerOne Capital Markets Limited (the "Underwriters") under which the Underwriters have now agreed to purchase, on a "bought deal" private placement basis, 34,800,000 units of the Company (the "Units") at a price of $0.30 per Unit for total gross proceeds of $10,440,000 (the "Offering")

Ethiopian Potash Corp. reported a compilation of positive drilling results on its Danakil Project, Ethiopia.

Carlisle Goldfields Limited (TSX:CGJ) (the "Company" or "Carlisle") announces further assay results from the MacLellan Mine Project in Northwest Manitoba near the Town of Lynn Lake where the Company has completed a 45,000 metre diamond drilling program.

Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to announce that it has closed its private placement of 1,250,000 flow-through common shares ("Flow-Through Shares") of Pretivm at a price of $18.50 per Flow-Through Share for aggregate gross proceeds of $23,125,000 (the "Offering").

Loncor Resources Inc. (the "Company" or "Loncor") (TSX VENTURE:LN)(NYSE Amex:LON) is pleased to announce further encouraging drilling results at the Company's Makapela prospect, Ngayu Gold Project, northeastern Democratic Republic of the Congo (the "DRC").