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Q1: PotashCorp Reports Record First-Quarter Earnings on Stronger Prices and Volumes

Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported record first-quarter earnings of $0.84 per share1 ($732 million), 71 percent above the $0.49 per share ($444 million) earned in the same period last year. Strong demand and improved prices for all three nutrients resulted in record first-quarter gross margin of $1.1 billion, significantly above the $729 million earned in last year’s first quarter. Earnings before finance costs, income taxes and depreciation and amortization (EBITDA)2 of $1.1 billion and cash flow prior to working capital changes2 of $899 million substantially exceeded the first-quarter 2010 totals of $776 million and $633 million, respectively.

Ringbolt receives “first drill permit” for Lisbon Valley Utah potash project

Ringbolt Ventures Ltd. (the "Company" or "Ringbolt") (TSX VENTURE:RBV)(OCTBB:RNGTF)(FRANKFURT:3OZ) is pleased to announce that it has received a permit to carry out an initial drilling program. The State of Utah, Department of Natural Resources, Division of Oil, Gas, and Mining has approved a "Notice of Intent of Conduct Exploration" for drilling. The planned exploration will primarily consist of drilling to a depth of approximately 5,000 feet to test the potash and salt horizons on one of its state leases.

28 People Arrested in Diamond-Smuggling Ring Bust

Chinese police said they have shut down a Hong Kong-based diamond-smuggling ring, in three months of arrests and confiscations. Twenty eight people were arrested between January and March and diamonds worth $31 million were confiscated, making it one of the largest busts in diamond history.

North American Palladium updates gold mineral reserves at Vezza project and Sleeping Giant project

North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL)(NYSE Amex:PAL) today released an updated mineral reserve and mineral resource estimate for its Vezza gold project and Sleeping Giant gold mine, located in the Abitibi gold district in Quebec. "We are pleased to see the Vezza gold project advance in accordance with the budget and timeline, as this supports our strategy to organically grow our gold division," said William J. Biggar, President and CEO. "Future growth will come from the continued exploration and development of our advanced gold projects in the Abitibi region, where we have a significant land position and an underutilized mill."

Reliance Steel & Aluminum Co. reports first quarter results

Reliance Steel & Aluminum Co. (NYSE:RS) reported today its financial results for the first quarter ended March 31, 2011. For the 2011 first quarter, Reliance reported net income of $92.3 million, up 107% from 2010 first quarter net income of $44.7 million, and up 134% from $39.5 million in the 2010 fourth quarter. Earnings per diluted share were $1.23 in the 2011 first quarter, up 105% from 2010 first quarter earnings per diluted share of $.60 and up 132% from $.53 for the 2010 fourth quarter. Sales for the 2011 first quarter were $1.91 billion, up 32% from 2010 first quarter sales of $1.45 billion, and up 21% from 2010 fourth quarter sales of $1.58 billion.

Wolverine plans to spend $5 million on Yukon properties

Wolverine Minerals Corp. (TSX-V:WLV) min is pleased to announce that after a comprehensive review of historical information and analysis of the results of last year's programs, it has now finalized its work program and budget for the 2011 field season on the Company's Yukon properties optioned from Strategic Metals Ltd ("Strategic"). Estimated expenditures will be approximately $5 million, with the majority of this work to be focused on eight of the Company's core properties. Through Archer, Cathro & Associates (1981) Limited ("Archer Cathro"), all crews, camps, equipment, drills, helicopters and other necessary supplies have been arranged and the following programs will begin on June 1, 2011: Image by Wolverine Minerals Corp.: DDD-Shamrock property.

Quantum files NI 43-101 report on Elk Creek Niobium Deposit

Quantum Rare Earth Developments Corp. (TSX-V:QRE) is pleased to announce the filing of an NI 43-101 resource report on the Elk Creek Carbonatite project in Nebraska. The report specifically deals with the core Niobium zone, and does not reflect results of any of the Rare Earth Element zones also located on the property. The report, prepared by Wardrop, A Tetra Tech Company ("Wardrop") will be available on SEDAR and the Company's website shortly. Image by Quantum Rare Earth Developments Corp.

$8.5 million capital raising to accelerate the Roper River Iron Ore Project, Northern Territory, Australia

Sherwin Iron Limited (ASX: SHD) is pleased to announce that it has successfully undertaken a $8.5 million share placement at 16 cents a share to institutional and sophisticated investors as part of its strategy to accelerate drilling and development of its Roper River Iron Ore Project (Project) in the Northern Territory. Image by Sherwin Iron Limited