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Pele Mountain Engages Advisor for Strategic Process to Separate Gold Assets from Eco Ridge Mine Rare Earths and Uranium

Pele Mountain Resources Inc. (TSXV: GEM)( OTCQX: GOLDF) ("Pele" or the "Company") announced today that it has engaged Foundation Opportunities Inc. ("FOI") of Toronto, on a non-exclusive basis, to assist and advise Pele with its evaluation of strategic alternatives regarding its Ontario gold assets. Pele's gold assets, which are held in its wholly-owned subsidiary, Pele Gold Corporation ("Pele Gold"), include a 100-percent interest in the East & West Highland Gold projects, as well as a 49-percent interest in the Ardeen Gold project.

Perlite Canada announces results for second quarter of 2011

For the second quarter that ended April 30, 2011 the Company generated revenues of $2,188,504 compared to revenues of $2,316,293 during the second quarter ended April 30, 2010 and revenues of $2,343,452 during the second quarter ended April 30, 2009. For the six months period ended on April 30, 2011, Company's business revenues were $3,788,906 compared to $3,924,464 for the same six months period in 2010 and $3,684,912 in 2009.