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Anaconda Mining reports record gold production at Pine Cove: 344.2 troy ounces in a single pour

Anaconda Mining Inc. ("Anaconda") - (TSX: ANX) is pleased to announce that, on May 4, 2011, it shipped a record amount of gold, 344.2 troy ounces, in a single pour at its Pine Cove gold mine ("Pine Cove"). The production was during an approximately 7-day period from April 25ththrough May 1st. In addition, overall recovery rates at the Pine Cove mill continue to improve. In the press release dated May 2, 2011, Anaconda reported that overall recovery had reached the low to mid 70% range. During the period from May 1st through May 15th, overall mill recovery was approximately 80%.

Lakeside Steel completes $23m bought deal offfering

Lakeside Steel Inc.today announced that it has completed its bought deal short-form prospectus offering of 44,275,000 common shares at a price of $0.52 per Common Share for total gross proceeds of $23,023,000. The Offering includes the exercise of the underwriters' over-allotment option in full.

Scorpio Mining reports record silver production in Q1 2011 and increases mine operating earnings by 123% from Q4 2010

Scorpio Mining achieved record mine operating earnings of $12.5 million in Q1 2011, an increase of 823% over mine operating earnings in Q1 2010 and 123% over mine operating earnings in Q4 2010. Net earnings were $6.6 million or $0.03 per share (basic) for Q1 2011 compared to $18.6 million or $0.17 per share (basic) for Q1 2010. The Q1 2010 net earnings included a $19.8 million gain on dilution and deconsolidation of Scorpio Gold Corporation ("Scorpio Gold"). Basic earnings per share of $0.09 in Q4 2010 was due to the inclusion of $12.4 million of non-cash corporate tax recoveries.

Vulcan Minerals Inc. to spin out new company focussed on potash exploration

Vulcan Minerals Inc. ("the Company")(TSX VENTURE:VUL) is pleased to announce its intention to undertake a corporate re-organization whereby the Company will spin-out certain of its mineral exploration assets into a separate publicly traded subsidiary company (NewCo). These assets consist of the mineral rights in the Bay St. George basin of western Newfoundland where the Company has discovered the Captain Cook potash deposit. The Captain Cook potash discovery was made with a core hole in 2002 and consists of a 5 meter gross interval grading up to 20.40% potassium oxide (K20) at a depth of 287 meters. It occurs in rocks which are geologically similar to those containing the Sussex potash mine in New Brunswick operated by the Potash Corporation of Saskatchewan. (Visit www.vulcanminerals.ca for further information.)

Allana Potash intersects highest grade potash to date with 52.40 % KCl over 0.80 metres

Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that it has further extended the potential of its Dallol deposit with the completion of additional drilling and assay activity in areas beyond those included in the original resource estimate completed in 2008. This work is part of the upcoming update to Allana's National Instrument 43-101 ("NI 43-101") technical report. Drill hole DK-11-15 ("Hole 15") has intersected significant potash mineralization up to 52.40% KCl over 0.80 metres. Hole 15 intersected two strong zones of potash mineralization which appear to correlate with the Sylvinite Zone and Kainitite Zone.

Noront inks $17.4m deal with Baosteel in Ontario Ring of Fire

Noront Resources has completed a brokered placement worth $17.4 million, the Toronto-listed junior explorer announced yesterday. The deal will give Baosteel the right to increase its stake in Noront to 19.9%. It will also give Baosteel, a large steel producer owned by the Chinese government, a seat on Noront's board of directors. Proceeds from the placement will be used for feasibility studies on Noront's Eagle's Nest nickle-copper-palladium property and the Blackbird chromite deposit in the Ring of Fire poly-metallic mining district in northern Ontario, Canada.

Barrick receives investment Canada clearance for Equinox acquisition

Barrick Gold announced today that it has received confirmation that the Investment Canada Act does not apply to Barrick's proposed acquisition of all of the issued and outstanding common shares of Equinox Minerals Limited. This confirmation has been obtained in connection with the previously-announced offer by Barrick's wholly-owned subsidiary, Barrick Canada Inc., to acquire, subject to the terms and conditions of the Offer, all of the Equinox Shares at a price of C$8.15 per Equinox Share.

Encanto shares surge on resources announcement

Encanto Potash Corp said it is on track to meet its target of doubling resources at its flagship Saskatchewan project after a First Nation council transfers mineral rights to Canada, sending the company's shares up 18 percent in afternoon trade. Encanto, which explores and develops potash properties, expects further drilling at its Muskowekwan property to commence after a referendum by First Nation on transferring the mineral rights on the reserved land to Canada.

Richmont Mines reports strong results in the first quarter of 2011

Richmont Mines Inc. (TSX:RIC)(NYSE Amex:RIC) is pleased to announce financial and operational results for its first quarter ended March 31, 2011. Financial results are based on International Financial Reporting Standards ("IFRS") and dollars are reported in Canadian currency, unless otherwise noted.