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TORONTO, ONTARIO– April 27, 2012 – Moly Mines Limited (TSX:MOL)(ASX:MOL) is pleased to announce the highlights of their Quarterly Activities Report and Quarterly Cashflow Report for the period ending March 31, 2012 available on the Company website (www.molymines.com) and on SEDAR (www.sedar.com).

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HIGHLIGHTS (all amounts are in A$ unless otherwise stated)

Spinifex Ridge Iron Ore Mine (unaudited)

• 222,354 wet ore tonnes mined for the quarter
• 261,457 wet ore tonnes shipped (sold) for the quarter
• 58% Fe average grade of ore shipped
• Global iron ore prices stabilize following sharp fall of 4^th quarter 2011
• Gross sales revenue:
• March quarter: $27.1M
• Operating costs:
• March quarter: $65.7/t
• Mine EBITDA:
• March quarter: $4.3M
• High grade stocks on hand: 103,000 tonnes

Spinifex Ridge Molybdenum / Copper Project

• Project development on hold awaiting improvement in macro-economic factors
• Sale of primary crusher completed for gross proceeds of US$13M, with two ball mills and ancillary equipment available for sale

Corporate & Finance (unaudited)

• Cash on hand: $49.3M

Summary

Moly Mines is searching for a new mining project to supplement the Spinifex Ridge Iron Ore Mine and to replace the Spinifex Ridge Molybdenum / Copper Project (Moly Project). The decision to defer the Moly Project was made in December 2011.

With approximately $72 million of net current assets on balance sheet at quarter end, which will be enhanced by the forecast production and cashflow performance from the Spinifex Ridge Iron Ore Mine, Moly Mines considers it has the financial standing to grow its asset base in a challenging equity markets environment.

Moly Mines hopes to identify and acquire mining projects including those that can be financed through the Chinese commercial banking process, drawing upon the relationship with the Hanlong Group and the Strategic Alliance between Moly Mines and China Development Bank (CDB). Hanlong have agreed to assist Moly Mines arrange new debt facilities and provide credit support to enhance the finance packages and minimize funding costs.

Moly Mines is currently assessing a number of significant opportunities in a variety of commodities and geographical locations.

This news release includes “forward-looking statements” as that term within the meaning of securities laws of applicable jurisdictions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are in some cases beyond Moly Mines’ control. These forward- looking statements include, but are not limited to, all statements other than statements of historical facts contained in this news release, including, without limitation, those regarding Moly Mines’ future expectations. Readers can identify forward-looking statements by terminology such as “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “risk,” “should,” “will” or “would” and other similar expressions. Risks, uncertainties and other factors may cause Moly Mines’ actual results, performance, production or achievements to differ materially from those expressed or implied by the forward-looking statements (and from past results, performance or achievements). These factors include the failure to complete and commission the mine facilities, processing plant and related infrastructure in the time frame and within estimated costs currently planned; variations in global demand and price for molybdenum and copper; fluctuations in exchange rates between the U.S. dollar and the Australian dollar; failure to recover the resource and reserve estimates of the Project; the failure of Moly Mines’ suppliers and service providers to fulfill their obligations under construction, supply and tolling agreements; unforeseen geological, physical or meteorological conditions, natural disasters or cyclones; changes in the regulatory environment, industrial disputes, labor shortages, political and other factors; the inability to obtain additional financing, if required, on commercially suitable terms; and global and regional economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. We assume no obligation to update such information.

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TORONTO, ONTARIO– April 27, 2012 - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(AIM:NUS) today announced that its common shares are now trading on the OTCQX International for greater access to the U.S. capital markets.

Nautilus Minerals’ began quotation today on International OTCQX, under the ticker NUSMF. Investors can find real-time quotes, disclosure and financial information at www.otcqx.com.

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“We’re extremely pleased to be trading on the OTCQX offering greater visibility and superior access to U.S. capital markets,” said Stephen Rogers, CEO, Nautilus Minerals. “The OTCQX marketplace will allow us to have a closer engagement with our U.S. investors who will be able to take advantage of the timely financial and trading information provided there.”

U.S. investment bank, Dahlman Rose & Company, serves as Nautilus Minerals’ Principal American Liaison (“PAL”) on the OTCQX International, responsible for providing guidance on the company’s OTCQX International trading requirements.

“The OTCQX platform supports a transparent marketplace for high quality issuers such as Nautilus Minerals, offering financial information disclosure and efficient trading for U.S. investors,” said Stephen Nash, Managing Director and Co-Head of Dahlman Rose’s OTCQX Advisory Group. “We are pleased to welcome Nautilus to OTCQX.”

About Nautilus Minerals Inc.

Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits and is developing its first project at Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The company has been granted all necessary environmental and mining permits.

Nautilus also holds approximately 600,000 km² of highly prospective exploration acreage in the western Pacific; including PNG, the Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific.

A Canadian registered company, Nautilus is listed on the TSX:NUS and AIM:NUS stock exchanges and has its corporate office in Brisbane, Australia. Its major shareholders include Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 21% holding, global mining group Anglo American, which holds an 11% interest and MB Holdings, an Oman based group with interests in mining, oil & gas, which holds a 9.98% interest.

About Dahlman Rose & Co.

Dahlman Rose & Co., LLC (MEMBER: FINRA/SIPC) is a research-driven investment bank focused on energy, transportation, infrastructure, and other industries that compose the global supply chain. The firm’s industry-leading analysts, bankers, and traders offer unique insight into the companies and markets that provide the building blocks of the global economy. Dahlman Rose provides institutional sales and trading, equity research, mergers and acquisitions advisory, and underwriting services. For more information regarding Dahlman Rose, please visit www.drco.com.

About OTCQX International

The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter (OTC) market, providing investors with an objective measure to distinguish the best OTC-traded companies. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their investors a level of marketplace services formerly available only on a U.S. exchange. OTCQX provides the highest level of visibility and access to U.S. investors possible in the OTC Market. For more information, please visit www.otcqx.com.

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VANCOUVER, BRITISH COLUMBIA– April 26, 2012 - Huldra Silver Inc. (TSX VENTURE:HDA) (the “Company” or “Huldra“) is pleased to announce that it has entered into a Lead Silver Ore Purchase Agreement (the “Agreement“) with a smelter whereby Huldra has agreed to sell approximately 35 to 40 tonnes of ore from the East Zone to the smelter in exchange for payment that is tied to monthly prices for lead and silver as published by the Metal Bulletin, less certain deductions. The approximate grade of the ore removed from surface in the East Zone last September was 66% Pb and 194 oz/ton Ag. Based on the terms of the Agreement and current market prices, the approximate total payment for contained lead and silver is expected to be between $200,000 and $250,000.

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The East Zone is located approximately 800 metres east of the easternmost “C” vein exposure in the open cut above Level 1 of the Treasure Mountain mine and is in apparent proximity to the Mine Dyke (?) and Treasure Mountain Fault. A small open cut from surface was completed in September 2011 to follow up on the 2010 exploration program. A 7 metre wide and 7 metre high section of the vein was removed and machine and hand sorted into bags for shipment off site. The material was put through a portable concrete and gravel crusher to reduce the size to 1/4″ and bagged for storage. There was no milling or concentration required for the material to be accepted as smelter grade. An additional 500 tonnes of material was bulk shipped from the East Zone to the Company’s Merritt Mill site for further processing.

The Company also wishes to announce that it is currently conducting further metallurgical testing on the recently completed 10,000 tonne underground bulk sample. The purpose of this testing is two-fold. The first objective is to provide a representative sample of both lead silver and zinc silver concentrates to the smelter laboratory to enable the terms of a Long-Term Agreement to be completed. The second is to provide an additional sample of tailings material to the Company’s engineering staff to determine if manganese can be recovered from the tailings using non-chemical methods. The metallurgical test work is being conducted at Inspectorate Exploration & Mining Services Ltd. of Richmond, BC an ISO 17025 accredited Laboratory.

Technical information in this news release has been reviewed and approved by Al Beaton, P.Eng., a Qualified Person as defined in NI 43-101. For more information see the Company’s technical report entitled “Technical Report, Project Update, Treasure Mountain Property” dated June 15, 2011, available on SEDAR at www.sedar.com.

About Huldra

Huldra is currently working on plans to put its Treasure Mountain Project, located 3 hours east of Vancouver, BC, into development, subject to permitting and financing utilizing an offsite mill being constructed at the Company’s property outside of Merritt, BC. The Company is also actively assessing other opportunities for acquisition and development.

On behalf of the Board of Directors

Ryan Sharp, MBA, President, CEO & Director

Disclaimer for Forward-Looking Information

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events related to the Agreement, the Company’s proposed exploration plans and its plans to put the Treasure Mountain Property into production. Such forward-looking information can include statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as the Company’s ability to produce ore sufficient to meet its obligations under the Agreement; the Company’s ability to finance its planned exploration; the Company’s ability to source the necessary infrastructure to effect its exploration plans; current economic conditions and the state of mineral exploration and mineral prices in general. These risks and uncertainties could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. The Company can offer no assurance that its exploration and development plans will be completed in the time expected or at all. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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MONTREAL, QUEBEC– April 26, 2012 - Midland Exploration Inc. (“Midland”) (TSX VENTURE:MD) is pleased to announce the intersection of a new gold zone at shallow depth on its Casault gold property. This new gold-bearing zone was identified during an extensive regional exploration program involving nineteen (19) diamond drill holes totalling 4,562 metres recently completed along a series of sections spaced approximately one kilometre from one another. The Casault property, currently held 100% by Midland, is located about 40 kilometres east of the Detour Lake gold deposit, which currently hosts 23.3 million ounces of gold in measured and indicated resources (43-101) and 5.8 million ounces of gold in inferred resources (43-101), including 15.6 million ounces of gold in near-surface proven and probable mineral reserves (43-101) (Source: press release by Detour Gold Corporation dated January 25, 2012).

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During the recent winter 2012 drilling campaign, drill hole CAS-12-07 intersected a high-grade zone at 10.4 g/t Au over 1.45 metre, from 176.60 to 178.05 metres depth, including a local interval grading 13.05 g/t Au over 0.75 metre from 177.30 to 178.05 metres depth. This new gold-bearing zone appears to be positioned along the Sunday Lake Deformation Zone and is characterized by the presence of 10-15% disseminated pyrite in a structure with strong quartz-sericite-calcite alteration. The gold-bearing zone occurs along the contact between a granodiorite intrusion and enclosing mafic volcanic rocks. It remains open and untested in all directions. The orientation of the zone (strike and dip) and its true thickness are not known at this time. Planning of the next phase of work is in preparation.

The Casault gold property consists of 324 claims wholly owned by Midland, for a total surface area of about 178.4 square kilometres. Midland controls the extension, over more than 20 kilometres strike length, of the Sunday Lake Deformation Zone, which hosts the major Detour Lake gold deposit. The Casault property is also adjacent to the west of the Martiniere property held by Balmoral Resources Ltd, where drill intersections grading 11.42 g/t Au over 9.3 metres were recently reported in the Martiniere East zone (Source: press release by Balmoral Resources Ltd dated March 29, 2012).

Maps showing the location of this new gold discovery may be consulted using the following links:

For Figure 1 – Map of the Abitibi showing the location of the Casault project, click here: http://media3.marketwire.com/docs/Figure1_Casault_Abitibi_Geology.pdf

For Figure 2 – Map showing the discovery hole CAS-12-07 on the Casault property, click here: http://media3.marketwire.com/docs/Figure2_Casault_Regional_Mag.pdf

Terms of Exploration Agreement

Osisko can earn 50% of Midland’s interest in the property by spending a total of $6,000,000 in exploration work and making payments totaling $600,000 over a period of five years. Midland will be the operator during the first year of the option agreement. Upon acquiring a 50% interest, Osisko will have the option during a three year period to acquire an additional 15% interest by delivering a bankable feasibility study or by solely assuming all exploration, development and mining operations on the Casault Property, earning a 1% additional interest for every $1,000,000 spent on the property (up to 15% by spending $15 million).

Quality Control

The exploration program on the Casault project is supervised by Mario Masson, VP exploration for Midland and Qualified Person as defined by National Instrument 43-101. Assay samples are taken from NQ-size drill core sawn in half; one half is shipped to a commercial laboratory and the other half is kept for future reference. Analyses are conducted by ALS Chemex-Chimitec in Val-d’Or. Significant assay results are duplicated at the original laboratory and at a second independent laboratory, Lab Expert in Rouyn-Noranda. Quality control samples, standards, blanks, and duplicates, are systematically inserted in the sample stream. Drill intersections are reported as core lengths and their true thickness remains to be determined.

About Midland

Midland targets the excellent mineral potential and the favourable investment climate of Quebec to make the discovery of new world-class deposits of gold, base metals and rare earth elements. Midland is proud to count on reputable partners such as Osisko Mining Corporation, Agnico-Eagle Mines Limited, Aurizon Mines Limited, North American Palladium Limited, Japan Oil, Gas and Metals National Corporation and SOQUEM Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Midland is currently evaluating new opportunities and other projects in order to increase the portfolio of the Company.

This press release was prepared by Mario Masson, VP exploration for Midland and Qualified Person as defined by NI 43-101. For further information, please consult Midland’s website.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

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LA PRAIRIE, QUEBEC– April 26, 2012 - Vanstar Mining Resources Ltd. (the “Company”) (TSX VENTURE:VSR) is pleased to announce the signing of an exploration and option agreement with Murgor Resources Inc. (“Murgor”) for Murgor’s wholly-owned Fancamp project, located in the Chapais-Chibougameau mining camp, in the province of Québec, and consisting of 43 mining claims covering approximately 1,712.69 hectares (the “Fancamp Property”).

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Under the terms of the option agreement, Vanstar will have the option to earn a 70% ownership interest in the Fancamp Property by paying an aggregate amount of $150,000 in cash and issuing an aggregate of 1,000,000 common shares over a period of three years, and incurring exploration expenditures on the Fancamp Property in the aggregate amount of $1,200,000 over a period of four years. During the option period, Vanstar will be the operator on the Fancamp Property. The transaction is subject to regulatory approvals, including that of the TSX Venture Exchange.

When Vanstar will earn the 70% interest, a joint venture will be formed with each party having the right to maintain its respective interest by funding its share of exploration costs.

“We are pleased to have signed this agreement with Murgor. It gives us the opportunity to acquire an important interest in their Fancamp project which is located within the Fancamp deformation corridor in the Chapais-Chibougamau mining camp. We are convinced that this area will become a privileged area for gold project exploration and development. Many gold showings and gold deposits are known in this area which makes us very positive about its potential. Murgor’s Fancamp property also contains many promising gold showings,” said Mr. Guy Morissette, CEO of Vanstar.

To view location map: http://media3.marketwire.com/docs/Vanstar_Chapais_property.pdf

The option agreement also provides that Murgor shall receive, subject to certain conditions, up to a maximum of 2,000,000 additional common shares of Vanstar, in the event Vanstar discloses gold resource on the Fancamp Property compliant with the standards of National Instrument 43-101 Standards of Disclosure for Mineral Projects. The foregoing additional Vanstar shares would be issued in tranche of up to 200,000 shares for each 250,000 ounces of new gold resources disclosed by Vanstar.

The Fancamp Property

Location:

The Fancamp Property is located approximately 30 kilometers southeast of the town of Chapais, and 55 kilometres south of the town of Chibougamau, in north-western Québec.

Geology:

The Property lies in the Archean, Abitibi Greenstone belt and is underlain by NE-striking mafic to intermediate/felsic volcanic rocks that are flanked to the east by the syntectonic Verneuil Pluton (granodiorite/tonalite) and, to the west, by the smaller Chico Stock. The Property covers a six kilometre strike length of the Fancamp Deformation Zone (FDZ) and subsidiary shear zones. The NE-trending, 20 kilometres long, FDZ, is host to at least 15 gold deposits and occurrences, including the Chevrier (1.1 Mt @ 6.4 g/t Au) and Chevrier South (230 Mt @ 0.3 g/t Au) deposits (located 5 kilometers northeast and on strike with the Fancamp Property). Other important gold deposits in the area include the Joe Mann Mine (6.65 Mt @ 8.54 g/t Au) 12 kilometers to the southeast.

Mineralization:

Five (5) gold mineralized zones have been discovered to date on the Fancamp Property. In the mid-80′s, Murgor identified Zones “A” and “B” through drilling and underground development.

Results included:

Zone “A”: 8.22 g/t Au over 6.10 m, 5.14 g/t Au over 3.36 m and 4.60 g/t Au over 3.05 m

Zone “B”: 9.3 g/t Au over 8.2 meters

Following the current compilation of previous works, Vanstar will plan a drilling program for the coming months.

Current Drilling Update

Vanstar also holds two additional projects in this area: the Nelligan and Little Monster projects. Little Monster is a joint-venture with Northcore Resources. A drilling campaign is currently underway on the Nelligan project and Vanstar is planning a drilling program on Little Monster following the Nelligan drilling.

Mr. Daniel Kelly, Engineer and Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects read and approved this press release. The Nelligan drilling program is under his supervision.

This news release includes certain “forward-looking statements”. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Vanstar, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Vanstar’s expectations are exploration risks detailed herein and from time to time in the filings made by Vanstar with securities regulators.

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Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.

Trench Results Include 8.0 Metres Grading 6.35 g/t Gold and 12.8 Metres Grading 1.27 g/t Gold

VANCOUVER, BRITISH COLUMBIA– April 26, 2012 - Calibre Mining Corp. (TSX VENTURE:CBX) (“Calibre” or the “Company”) is pleased to announce results from an initial prospecting, geological mapping, soil sampling and trenching program on the Minnesota gold-copper project within the B2Gold Corp. (TSX:BTO)(OTCQX:BGLPF) (“B2Gold”) Joint Venture on the Borosi concessions in northeast Nicaragua. Recent trench assay results include: 6.40 metres grading 5.56 g/t Au (BRTR11-044), 8.00 metres grading 6.35 g/t Au (BRTR11-047), 12.80 metres grading 1.27 g/t Au (BRTR11-057), 6.00 metres grading 2.12 g/t Au (BRTR11-054), and 4.65 metres grading 1.51 g/t Au (BRTR11-053). These initial trenches were excavated over a 900 metre strike length within the Minnesota gold-copper project area.

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The Minnesota gold-copper project is located 20 kilometres northwest of the Primavera gold-copper project where an on-going B2Gold/Calibre drill program has intersected significant porphyry-style gold-copper mineralization including: 261.70 metres grading 0.78 g/t Au, 0.30% Cu (PR-11-002) and 172.35 metres grading 0.48 g/t Au and 0.24% Cu (PR-12-008). The Minnesota area was selected as a high priority target during regional evaluation of the entire Borosi Joint Venture area.

Work completed to date includes; 25.5 line kilometres of soil sampling (449 samples), 138 rock samples, 339.55 metres of face sampling of artisanal workings (189 samples), detailed geologic mapping over 15 square kilometres, and reconnaissance geologic mapping over 52 square kilometres.

This work was highly successful in outlining porphyry-style alteration and mineralization delineated over 1.75 km by 1.25km area with an associated central gold and copper soil anomaly measuring 500 metres by 250 metres. The area is also variably anomalous in Mo, Pb and Zn. A second gold in soil anomaly located 500 metres to the north-east measures 750 metres by 250 metres and has returned initial trench results of 8.00 m grading 6.35 g/t Au and 6.40 metres grading 5.56 g/t Au. Surface rock samples at the Minnesota target have returned results up to 34.2 g/t Au, 90.4 g/t Au, and 0.261% Cu. The target consists of a favourable multi-phase intrusive centre with peripheral epithermal vein sets and widespread alteration. Numerous small-scale artisanal gold miners are active in the Minnesota region.

Douglas Forster, Chairman of Calibre, stated: “We are very encouraged by the initial mapping, soil geochem and trenching results at the Minnesota gold-copper project. B2Gold and Calibre are currently planning the next phase of exploration at this high priority target which will include detailed mapping focusing on delineating intrusive centres and alteration as well as additional trenching over areas with newly defined gold/copper soil anomalies.”

Additional maps and results as well as current information on the Minnesota gold/copper project can be found at www.calibremining.com.

Quality assurance and quality control procedures include the systematic insertion of blanks, standards and duplicates into the rock sample strings. Samples are placed in sealed bags and shipped directly to Inspectorate Labs in Managua, Nicaragua for sample preparation and then to Inspectorate Labs in Vancouver, Canada for gold and silver fire assay and ICP multi element analyses. The technical content in this news release was read and approved by Gregory Smith, P.Geo, Vice President, Exploration and a Qualified Person (“QP”) as defined by NI 43-101.

About Calibre Mining Corp.

Calibre Mining Corp. is a TSX Venture Exchange listed company (TSX VENTURE:CBX) that is focused on the acquisition, exploration and development of gold and silver deposits in Central America. The Company is focused its 100% owned Riscos de Oro gold-silver project, the drilling program at the Primavera gold-copper project in conjunction with B2Gold Corp., and the drilling program on the Rosita copper-gold-silver project in conjunction with Alder Resources Ltd. Major shareholders of Calibre include gold producer B2Gold and investment fund Sun Valley Gold.

CALIBRE MINING CORP.

Douglas Forster, M.Sc., P.Geo., Chairman

Cautionary Note Regarding Forward-Looking Statements

Safe Harbour Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements including but not limited to those with respect to the price of gold, silver or copper, potential mineralization, reserve and resource determination, exploration results, and future plans and objectives of the Company involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Calibre Mining Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

John Pentony
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Tel: 469-252-3031
Email: [email protected]

Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.

TORONTO, ONTARIO– April 26, 2012 - Further to its press releases dated December 5, 2011, January 23, 2012 and March 5, 2012, United Reef Limited (TSX VENTURE:URP) (“United Reef“) is pleased to announce that it has entered into a pre-amalgamation agreement (the “Agreement“) with Black Widow Resources Inc. (“Black Widow“), which contemplates the amalgamation of United Reef and Black Widow by way of reverse take-over (the “Amalgamation“) pursuant to the policies of the TSX Venture Exchange (“TSX-V“).

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The Amalgamation will be effected in accordance with the terms of the Agreement. The security exchange ratios under the terms of the Agreement have been negotiated and agreed to on an arm’s-length basis. Pursuant to the terms of the Agreement, each security of United Reef will be exchanged for an equivalent security of the amalgamated entity (“Amalco“) on the basis of 17.061 United Reef securities for one (1) equivalent Amalco security (subject to adjustment), and each security of Black Widow will be exchanged for an equivalent security of Amalco on the basis of one (1) Black Widow security for two (2) equivalent Amalco securities.

The transaction is based on a deemed valuation of Amalco of $7,876,277 at a price of $0.15 per post-Amalgamation share (“Amalco Share“) based on the issue price pursuant to a proposed brokered private placement (the “Private Placement“) for gross proceeds of a minimum of $3,000,000 and a maximum of $5,000,000 to be completed as part of the Amalgamation. Black Widow has engaged Pope & Company Limited as lead agent with respect to the Private Placement. It is anticipated that the current shareholders of United Reef will own approximately 5,366,667 Amalco Shares representing 10.22% of the outstanding Amalco Shares and the shareholders of Black Widow will own approximately 27,141,846 Amalco Shares representing 51.69% of the outstanding Amalco Shares upon completion of the Amalgamation, with the balance of the Amalco Shares to be held by subscribers pursuant to the Private Placement. Amalco will continue operations under the name “Black Widow Resources Inc.” The percentages in relation to the ownership of Amalco Shares may vary in the event that Black Widow issues securities in conjunction with further property acquisitions prior to the completion of the Amalgamation.

As at the date of this news release, United Reef has 89,139,980 common shares, 3,140,000 common share purchase warrants and 2,650,000 stock options issued and outstanding, and Black Widow has 13,570,923 common shares and 23,750 common share purchase warrants issued and outstanding.

United Reef has also received notice from URSA Major Minerals Incorporated (TSX:UMJ) (“URSA“) advising that URSA has not met the vesting requirements to exercise its option to earn an interest in United Reef’s Nickel Offsets property near Sudbury, Ontario. The option was granted pursuant to the terms of an agreement made as of March 28, 2008 and the option lapsed effective March 28, 2012, resulting in United Reef retaining a 100% interest in the property.

All information contained in this news release with respect to United Reef and Black Widow was supplied by the parties respectively, for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.

Completion of the Amalgamation is subject to a number of conditions, including, but not limited to, TSX-V acceptance and completion of the proposed concurrent financing. Where applicable, the Amalgamation cannot close until the required shareholder approval is obtained from shareholders of both United Reef and Black Widow. There can be no assurance that the Amalgamation will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the Amalgamation, any information released or received with respect to the Amalgamation may not be accurate or complete and should not be relied upon.

The TSX-V has in no way passed upon the merits of the proposed Amalgamation and has neither approved nor disapproved the contents of this press release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed Amalgamation and the business and operations of Amalco after completion the proposed Amalgamation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, delay or failure to receive board, shareholder or regulatory approvals; and the results of current exploration and testing. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. United Reef and Black Widow disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Shares issued: 89,139,980

Fully diluted: 94,929,980

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VANCOUVER, BRITISH COLUMBIA– April 26, 2012 - Nevada Clean Magnesium Inc. (TSX VENTURE:NVM)(PINKSHEETS:MLYFF)(FRANKFURT:M1V) (“Nevada CMI”) (formerly, Molycor Gold Corp.) is pleased to announce that it has entered into an option agreement dated March 7, 2012 (the “Option Agreement”) with MillenMin Ventures Inc. (“MillenMin”) (TSX VENTURE:MVM.P), whereby MillenMin can earn up to 70% of Nevada CMI’s 100% owned undivided interest in the Windpass gold property (the “Property”) situated on the Thompson Plateau area of Central British Columbia of Canada.

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Proposed Transaction

Under the Option Agreement, MillenMin has been granted the exclusive right and option to acquire an undivided 70% interest in the Property by paying $120,000 to Nevada CMI, incurring $750,000 aggregate exploration expenditures on the Property and issuing 400,000 common shares in the capital of MillenMin (the “Shares”) to Nevada CMI over a period of four years.

MillenMin shall have the exclusive right to manage and operate all work programs carried out on the Property.

Upon MillenMin earning an undivided 70% interest in the Project, MillenMin and Nevada CMI will form a joint venture to explore and develop the Property. The participating interests in the joint venture of MillenMin and Nevada CMI shall be 70% and 30%, respectively, and each party will be responsible for funding the exploration and development activities of the Property in accordance with its proportional interest in the joint venture. The original vendors retain a 3% net smelter royalty on the Property.

Subject to the approval of the Exchange, a finder’s fee will be paid by Nevada CMI to John Chalcraft, who is an arm’s length party to the MillenMin and Nevada CMI, in connection with the Proposed Transaction. The finder’s fee payable to Mr. Chalcraft consists of a total cash payment of $2,000.

The Proposed Transaction is subject to the approval of the TSX Venture Exchange (the “Exchange”) and will constitute MillenMin’s Qualifying Transaction (the “QT”) pursuant to the Exchange Policy 2.4 concerning capital pool companies (the “CPC Policy”). MillenMin is a capital pool company and will become a Tier 2 mining issuer listed on the Exchange upon completion of the QT.

Completion of MillenMin Venture Inc.’s proposed Qualifying Transaction is subject to a number of conditions, including but not limited to Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the proposed Qualifying Transaction cannot close until the required shareholder approvals are obtained. There can be no assurance that the proposed Qualifying Transaction will be completed as proposed or at all.

Windpass Gold Property

The Windpass Gold Property is located approximately 8 km east of Little Fort in Central British Columbia, between Dunn Lake and Baldy Mountain. The Property is comprised of seven Mineral Leases covering 354.34 hectares and one Mineral Claim covering 382.78 hectares for a total of approximately 737 hectares. All of the Mineral Tenures are 100% owned by Nevada CMI. Access to the Property is provided by paved and well-maintained gravel roads.

The Property is situated within the Fennel Formation of volcanic and sedimentary rocks of Permian Age. Into the Fennel Formation and passing through the center of the Property is a broad sill, some 720 meters in width, of hornblende pyroxene diorite. The mineralization is controlled by southeast trending shears which open up as they are refracted by the diorite, allowing the development of shear veins. The mineralization is classified as a low sulphidation, epithermal, gold quartz veins.

The previous geological work had been conducted within the Property in the past 70 years from 1916 to 1987. Two underground mines were operated and produced 32,026 ounces of gold.

In 2009, Nevada CMI drilled twelve diamond drill holes totaling 1,287 meters and completed nine trenches totaling 856 meters. The drill holes and trenches encountered several areas of gold mineralization with a width of 0.61-6.00 meters and a range of 0.43-19.65 g/t gold. The Property contains at least twenty shear vein structure zones, which warrant exploration work. The types of deposits that can be expected are high grade shoots within the shear vein structures.

About Nevada CMI

Nevada CMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee, President

For all Nevada CMI investor relations needs, investors are asked to visit the Company website at www.nevadacmi.com.

This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission. We seek safe harbor.

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Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.

SPOKANE, WASHINGTON– April 26, 2012 - Josephine Mining Corp. (TSX VENTURE:JMC) (the “Company” or “JMC”) announces progress on the Turner Gold project in southwestern Oregon, and an update on the program going forward at Turner for Q2 to Q4 2012. The Company has been working diligently for the past year to prepare for permit applications, further delineate the mineral resource, and optimize plans for mining the Turner Gold resource. Eleven core holes totaling approximately 12,000 feet of diamond drilling provided infill information to be included in the next iteration of the resource block model. It was also used as a source of new data for geotechnical evaluations currently in progress and provided sample material for metallurgical testing. Assays from core intercepts in the new holes were commensurate with those collected in multiple prior programs. Details of the new drilling are included in prior press releases that may be found on the JMC website: www.josephinemining.com.

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JMC intends to change the mining method from Avoca, as proposed in the 2010 PEA, to post-pillar cut-and-fill. Both methods are dependent upon backfilling of the underground mining void to maintain high levels of stability. Both methods provide adequate support of the surrounding ground, but post-pillar is much more flexible, allowing more selective recovery of the ore body, a factor which should reduce dilution and optimize the recovered ore grade. CEO Robert L. Russell said, “Our staff has been successful in employing the post-pillar method in a number of mines in the US and abroad, and with good resource recovery and low dilution. The method leaves little ground unsupported, and where employed, has provided the safest possible working conditions.”

The Turner project program has also concentrated upon consolidation of the Company’s land position, resulting in a tripling of acreage, all of which remains on private ground. JMC is focused on making the final $1.35 million payment to General Moly to complete the purchase of the Turner property.

The new drilling results have provided additional information that will be used in refining our understanding of the Turner mineralization. Work has commenced on an updated resource block model and on a geo-technical evaluation. Additional metallurgical test work will be initiated shortly, using samples collected during the 2011 drilling program. Environmental work continues in support of ongoing permitting efforts. JMC will incorporate the results of this work into a pre-feasibility study on the Turner project. The study is expected to be completed during the first quarter of 2013.

Disclaimer for Forward-Looking Information

This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events, such as the statements regarding mineralization and assay results. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.

These forward-looking statements reflect management’s current views and are based upon certain expectations, estimates and assumptions that may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, such as the current economic conditions and the state of mineral exploration and mineral prices in general. These risks and uncertainties could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. The Company can offer no guarantee that the goals and objectives detailed above will be accomplished, in part or at all.

These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the “Risks Factors” section in the Annual Information Form of the Company dated April 2, 2012 and available on www.sedar.com.

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Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.

LONDON, ONTARIO– April 26, 2012 - Trueclaim Exploration Inc. (TSX VENTURE:TRM)(OTCQX:TRMNF) (“Trueclaim”) has been actively exploring the Richmond Basin Silver Claims over the last several months. In March Trueclaim started a ground magnetometer survey. Zonge Engineering of Tucson, Arizona has been contracted to coordinate, layout the survey and interpret magnetometer results. The initial focus of this survey was the known strike extent and investigating of the Barr Vein and the Black Copper Zone (Iron Nugget), which is presently in the final stages of drill permitting. To date, approximately 20km of survey has been completed on the Barr Vein, the Black Copper Zone and areas surrounding them. In the core of the Richmond Basin where the McMorris, Helena Mine and the Jumbo Vein are located, 10 kilometers of grid line have been cut and are planned to be surveyed. A summary report on both the Barr Vein and Black Copper Zone project areas is currently being prepared by Zonge Engineering. A preliminary review of the data suggests that the anomaly extends beyond our initial estimate of 400m extending the magnetic copper-silver-gold anomaly over 200m for a total minimum of 600m (1950ft). This area contains samples up to 9.39% copper, 3040g/t (88.6 oz/t) silver and 2.87g/t (0.084oz/t) gold.

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Work on the Barr Vein began in March with surface trenching, rehabilitation of underground workings and dewatering of the inclined ramp. Systematic sampling and mapping of these newly exposed areas is now underway. Preliminary observations strongly suggest mineralization continues down dip of past producing ore zones, and the existence of at least one, additionally, previously unrecognized mineralized zone along strike.

On the Barr Vein, trenching exposed an inclined ramp previously unknown to Trueclaim 40ft from known mineralization. This exposed rock contains important, measurable structural controls and the surface alteration signature that overlies zones of historically mined silver mineralization. Through trenching, a notable increase in silicification and brecciation has been seen along with elevated indicator minerals barite, ankerite, and silver chlorides. The soil sampling previously done in this area provided Trueclaim with a defined pathfinder element suite to explore prospective areas concealed by cover. High grade silver samples were located in a historical dump area that contain wires of native silver, massive argentite and other extensive indicator silver minerals representing historical documented mineralization. Dewatering of the inclined ramp located on the Barr Vein is now completed and this process should uncover the entry to the upper workings of the former main producing high grade silver areas.

Other historical adits opened up include the Ellsworth Mine and Silver Sevens Mine. The Ellsworth Mine has been mapped and sampled with assays as high as 1646.1g/t (53.0oz/t) silver.

The McMorris vein silver zone which previously identified 6.8 ounces per tonne over 59.4 meters (see press release September 15^th, 2011) was chosen for follow up with a soil sampling program that extended into the surrounding area. These results may indicate a bulk tonnage open pit mining opportunity. Future plans are to permit the area for drilling.

Permitting for a 800 to 1,500 meter (2,600 to 5,000ft) drill program that will test the magnetite hosted, copper-gold-silver mineralization at the Black Copper Zone continues to move forward. NEPA-US Forest Service required archeological and biological surveys and final reports have been completed and submitted. The revised Plan of Operations has also been submitted and approval is pending. A public scoping of the submitted Plan of Operations requiring a 30 day period should commence shortly. Once public comments, if any, are addressed, drilling operations can begin.

With the recent successful exploration on the Barr Vein, Trueclaim now plans to move forward with an additional drill program. The mineralization exposed on surface in addition to mineralization hosted within the historical workings on the Barr Vein will be the focus of the drilling in the vicinity.

We seek safe harbour.

ON BEHALF OF THE BOARD

TRUECLAIM EXPLORATION INC.

John Carter, President

Technical information in this news release has been reviewed by Ms. Lindsay Moss, P.Geo., and prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. Samples are sent for fire assay and if warranted for ICP. Assays of significance are reassayed using screen metallics to ensure accurate values. Company Management, which takes full responsibility for content, prepared this news release.

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, those concerning the proposed diamond drilling program. All statements in this news release, other than statements of historical facts, which address future production, reserve potential, exploration activities, financing plans, objectives or goals, and events or developments that the Company expects, are forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding its ability to complete its exploration and development work as expected. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company’s continued development work, technical, safety or regulatory issues, market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Actual results or developments may differ materially from those projected in the forward-looking statements, as assay intervals might not necessarily represent true width. Such risks include expectations that may be raised by discussing potential mine types and by comparing the Company’s projects to other projects. Also, in order to proceed with the Company’s exploration and acquisition plans, additional funding is necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate the Company’s plans. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

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Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.