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    • Running Fox Resources (TSXv:RUN) and Uranium City Resources (TSXv:UCR) Enter into an Option Agreement in New Mexico, USA
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    Latest Press Releases

    • Geovic Mining (TSX:GMC) Increases Cash Position
    • Commerce Resources Corp: Exploration Update for Blue River Tantalum & Niobium Project in British Columbia
    • Uracan Resources Ltd. - 20 M lb Uranium And Growing
    • Ucore Uranium Updates Board at Annual Meeting
    • Columbia Metals Report - Lluvia de Oro Mine Update

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    Press Releases

    Geovic Mining (TSX:GMC) Increases Cash Position

    Submitted by Press Release on Wed, 11/19/2008 - 9:37pm
    • Cameroon
    • Cobalt
    • Commodities
    • Geovic Mining Corp
    • Mining

    How many junior mining companies are seeing an increase in cash these days? What if it's a NON-DILUTIVE cash infusion? Even better!

    Geovic Mining Corp (GMC-TSX) actually increased its cash position by US$7 million to US$73.3 million in Q3 2008, ending September 30.Geovic's quarterly news release read "The increase was principally due to a $15.2 million minority interest contribution from the Cameroonian shareholders, who have contributed approximately $20 million to Geovic Cameroon Plc ("GeoCam") through September 30th."

    So that is great news for their shareholders.

    Just as wildly implausible – their stock responded! It went up! To reflect the new cash value. You might not think that is a big deal, but it is. There are many companies trading well below their cash value. In this market, every asset is a liability. It's just something that drains cash. Assets that don't produce cash flow have NO value. There is no value for metal in the ground.

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    Geovic Mining (TSX:GMC) Increases Cash Position

    Submitted by Press Release on Wed, 11/19/2008 - 9:36pm
    • Cameroon
    • Cobalt
    • Commodities
    • Geovic Mining Corp
    • Mining

    How many junior mining companies are seeing an increase in cash these days? What if it's a NON-DILUTIVE cash infusion? Even better!

    Geovic Mining Corp (GMC-TSX) actually increased its cash position by US$7 million to US$73.3 million in Q3 2008, ending September 30.Geovic's quarterly news release read "The increase was principally due to a $15.2 million minority interest contribution from the Cameroonian shareholders, who have contributed approximately $20 million to Geovic Cameroon Plc ("GeoCam") through September 30th."

    So that is great news for their shareholders.

    Just as wildly implausible – their stock responded! It went up! To reflect the new cash value. You might not think that is a big deal, but it is. There are many companies trading well below their cash value. In this market, every asset is a liability. It's just something that drains cash. Assets that don't produce cash flow have NO value. There is no value for metal in the ground.

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    Commerce Resources Corp: Exploration Update for Blue River Tantalum & Niobium Project in British Columbia

    Submitted by Press Release on Mon, 08/11/2008 - 12:05pm
    • Blue River
    • Commerce Resources Corp
    • Commodities
    • Mining
    • Niobium
    • Resources
    • Tantalum

    Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) ("the Company") is pleased to provide the following progress report from the Company's Blue River tantalum and niobium project in east-central British Columbia.

    Drilling
    The initial target of the 2008 program is the Upper Fir deposit where 36 holes totaling 8,053 metres have been drilled to date this year. Beaupre Diamond Drilling Inc. of Princeton, British Columbia is currently operating two diamond drills achieving +95% recoveries, with the possibility of a third machine being added later this month.

    In response to higher than anticipated progress in drilling, onsite crews have been augmented to avoid delays in sawing, and preparing the core for shipment. To further reduce lead times, on a regular basis samples are driven directly to Acme Analytical Laboratories Ltd. in Vancouver, BC, for sample preparation and analysis. All technical work is being conducted under the supervision of geologist John Gorham, P.Geol. of Dahrouge Geological Consulting Ltd., a qualified person as defined by National Instrument 43-101.

    Bulk Sample

    The Company has in hand the necessary permit to collect a bulk sample of up to 10,000 tonnes of mineralized material. Based on its ongoing metallurgical test work, the Company has located up to eight potential sites for the extraction of representative samples. A contract has been signed with Process Research Associates Ltd. ("PRA") of Richmond, BC, to process these samples. This work will extend the characterization program previously completed as well as provide information which will support the development of a preliminary flow sheet for a pilot plant program to be conducted at PRA's facility in Osoyoos, BC.

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    Uracan Resources Ltd. - 20 M lb Uranium And Growing

    Submitted by Press Release on Mon, 07/07/2008 - 11:17pm
    • Commodities
    • Mining
    • Resources
    • Uracan Resources
    • Uranium

    VANCOUVER, July 7 /CNW/ - Uracan Resources Ltd. (the "Company") is pleased to announce a National Instrument 43-101 compliant inferred resource
    calculation has been completed on the Double S zone, part of Uracan's 100% owned 1,000 Km(2) North Shore Uranium Property in Quebec.

    This resource estimation, presented in Table 1 (see below) outlines the initial inferred resource contained in the Double S zone as defined by diamond drilling up to December 2007. 51 diamond drill holes totaling 13,555.7 meters were used to create the model used in the resource calculation.

    Based on a cut off of 0.009% U3O8, 74,215,000 tonnes averaging 0.012% U3O8 containing approximately 9 million kilograms (19.97 million pounds) of U3O8 has been outlined. This resource falls into the inferred mineral resource
    category under NI 43-101 reporting requirements.

    Details of the new resource estimate are as follows:

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    Ucore Uranium Updates Board at Annual Meeting

    Submitted by Press Release on Mon, 06/09/2008 - 8:27pm
    • Ucore Uranium
    • Uranium

    (Vancouver, BC. June 9, 2008) Ucore Uranium Inc. (TSX-V: UCU) is pleased to report the completion of its annual general meeting of shareholders on June 3, 2008. There were 8,920,688 shares represented at the meeting and all items of business were approved as proposed. Shareholders authorized the election of all nominated Board members, appointed KPMG LLP as the auditor and approved the Company’s amended and restated stock option plan. The board is now composed of James McKenzie, Brian MacEachen, Stephen Stares, Dr. Jaroslav Dostal and Jos De Smedt.

    The Company's stock option plan is presented in the Management Information Circular dated May 5, 2008, and may be viewed on SEDAR at www.sedar.com or downloaded from the Investor Centre section of its website at www.ucoreuranium.com.

    For further information, please contact Mr. Jim McKenzie, President and Chief Executive Officer of Ucore Uranium Inc. at:

    Telephone: (604) 484-9402
    Fax: (604) 484-9407

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    Columbia Metals Report - Lluvia de Oro Mine Update

    Submitted by Press Release on Wed, 06/04/2008 - 1:21pm
    • Columbia Metals
    • Commodities
    • Lluvia de Oro Mine
    • Mining
    • Natural Resources
    • NWM Mining

    (TSX:COL) - Shares Outstanding: 92,956,427

    Material from Open Pit Added to Leach Pad - Freshly-crushed material on the leach pad currently amounts to approximately 70,000 tonnes, 25,000 tonnes from the Open Pit, 8,000 from the El Pozo prospect, and 37,000 tonnes from the heap proper. Ore continues to be added to the heap from El Pozo. No further tonnage is planned to be trucked from the Open Pit at this time.

    Crusher Operations - A large rock fell from the crusher feed hopper on May 23, and landed on one of the travel wheels, breaking the leaf springs on both sides and necessitating the detachment of the entire wheel assembly. Down time was minimal, the spring package will be replaced shortly.

    Accessing More Mineable Material - About 15,000 mineable tonnes is estimated to remain at El Pozo to be transported to the crusher. There are about 2,000 tonnes uncrushed on the ground at the crusher. A second lot of samples was delivered to Jacobs' Assay Lab in Tucson on Monday morning, June 2.

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    ST. ELIAS MINES LTD. - Bulk Sample Results - Tesoro Gold Project, Peru

    Submitted by Press Release on Thu, 05/22/2008 - 10:17am
    • Commodities
    • Gold
    • Mining
    • Natural Resources
    • Peru
    • St Elias Mines
    • Tesoro

    Lori McClenahan, President of St. Elias Mines Ltd. (the "Company" or "St. Elias"), is pleased to provide the following update with respect to recent bulk sampling and ongoing underground exploration and development at the Tesoro Gold Project (the "Property") located in southwestern Peru. In the most recent bulk sample, a total of 81.4 tonnes of material from the A4 Vein and the C1 Vein returned a weighted average grade of 0.76 oz/t gold. Total underground development on the A4 and C1 Veins completed by the Company to date is approximatley 1,000m (3,280 feet).

    Of the 81.4 tonnes of bulk sample material, 66.5 tonnes were extracted from the A4 Vein from a newly discovered mineralized pod near the extraction shaft at depths of 42 to 56 meters below surface. This included a medium-grade lot of 50.2 tonnes grading 0.554 oz/t gold and a high-grade lot of 16.3 tonnes grading 1.25 oz/t gold containing common coarse-grained gold. The Company continues to pursue this pod to determine if it extends any deeper. Total underground development on the A4 Vein includes 122 meters of level drifting and 158 meters of shaft-sinking and raising.

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    Geovic Mining Announces Key Construction Management Appointments At NKamouna

    Submitted by Press Release on Tue, 05/20/2008 - 4:34pm
    • Africa
    • Cameroon
    • Geovic Mining
    • Mining
    • Natural Resources

    May 20, 2008 – Geovic Mining Corp. ("Geovic" or "The Company", TSX:GMC), on behalf of its 60%-owned subsidiary Geovic Cameroon PLC (GeoCam), is pleased to announce three key appointments as it rapidly moves toward construction of its Nkamouna Cobalt-Nickel-Manganese project in Cameroon, Africa.

    Johann du Preez has been appointed Construction Manager, and is charged with overseeing all major construction at Nkamouna, currently scheduled to commence in late 2008. Mr. du Preez has more than 30 years experience as a construction manager, principally with African mineral processing plants and infrastructure improvements. He has overseen 18 separate projects totaling U.S. $5.4 billion, last working as resident construction manager at the Kolwezi copper/cobalt project in the Democratic Republic of Congo. As Kolwezi is expected to be one of the world's largest copper/cobalt processing plants, Mr. du Preez is uniquely qualified to enhance the engineering and design of Nkamouna, and subsequently lead its construction effort.

    Anthony Mills has been appointed Engineering Project Manager to serve as GeoCam's primary liaison and representative to the engineering and design Alliance, consisting of Bateman International Projects BV, Roberts & Schaefer Australia Pty. Ltd., and Group Five Projects Pty. Ltd.. The Alliance is principally based in Brisbane, Australia where Mr. Mills recently located, and is continuing under a Professional Service Agreement that has been extended until negotiations are complete on a comprehensive engineering, procurement and construction management agreement between the Parties. Mr. Mills has more than 40 years of experience in project management, engineering, and construction, including more than 30 years with mining and mineral processing projects. Mr. Mills previously served as Project Manager with engineering and construction companies specializing in the mineral industry, including Fluor, Mineral Resource Development Inc., and Kvaerner.

    Andrew Ramcharan has been appointed Manager, Technical Services, based in the Company's home office in Grand Junction, Colorado. His primary responsibility will be optimization of the Cameroon mining plans, and secondarily to assist Geovic in the evaluation of new projects. Mr. Ramcharan has more than 10 years experience as a Mining Engineer/Analyst, specializing in three-dimensional geologic modeling, resource/reserve estimation, and all aspects of project planning/execution. A graduate of and PhD candidate from the Colorado School of Mines, he has already worked on more than 50 projects in five continents.

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    Oremex - Election of Directors and Appointment of Officers

    Submitted by Press Release on Wed, 05/14/2008 - 8:19pm
    • Mexico
    • Mining
    • Oremex
    • Silver

    VANCOUVER, B.C. (May 14, 2008) - Oremex Resources Inc. (TSX-V: ORM) (the Company) announced that Andrew Milligan, Ross Glanville, Iain MacPhail, Francisco Crespo Hernandez, Chris Marcus and Craig Thomas were re-elected as directors of the Company at the recently held 2008 Annual General Meeting of shareholders. In addition, Mr. Craig Thomas was elected Chairman of the Board and the following individuals were appointed as officers of the Company: Linda Thorstad - CEO, Chuck Jenkins - CFO, and Karyn Bachert - Corporate Secretary.

    For more information, please contact:

    Linda Thorstad, M.Sc., P.Geo.
    Chief Executive Officer
    T: (604) 683-5651
    E: linda.thorstad@oremex.com

    The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

    Oremex Resources Inc.
    1001 - 1030 West Georgia Street
    Vancouver, B.C. V6E 2Y3
    Tel: 604-683-5651
    Fax: 604-630-0141
    Toll Free: 1-866-248-7069

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    Ucore Uranium News: Bokan Mountain Drill Mobilization Underway

    Submitted by Press Release on Wed, 05/14/2008 - 5:08pm
    • Mining
    • Natural Resources
    • Ucore Uranium
    • Uranium

    (Vancouver, BC. May 14, 2008) Ucore Uranium Inc. (TSX-V: UCU) is pleased to provide an update on its 2008 exploration activities at the Bokan Mountain uranium exploration project in southeast Alaska.

    Following the receipt of drill permits from the US Forest Service, exploration crews have been mobilized to Bokan Mountain. A floating barge camp for crew accommodations is being set up, with a capacity of 30 personnel. Fuel storage facilities are being installed, and drill pads are being constructed at the I&L zone. Two drills will be moved from Ketchikan to Bokan Mountain later this week by barge.

    The exploration work continues to be completed through Ucore’s wholly owned US subsidiary, Landmark Alaska Limited Partnership. The 2008 exploration program is being managed by Aurora Geosciences (Alaska) Ltd. of Juneau, Alaska, under the supervision of Ucore’s senior geological staff. The goals of the work are to (1) verify uranium and REE reported from 2007 and earlier drilling, (2) test Ucore’s geological model for the style of mineralization, (3) explore previously untested portions of the I&L zone, and (4) determine if the I&L zone mineralization persists to depth and/or along strike, especially to the southeast where radiometric data suggest high radioactivity levels for a strike length of 3 km.

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    Linear Metals Announces New Discovery at Cobre Grande Copper-Molybdenum Silver Project

    Submitted by Press Release on Tue, 05/13/2008 - 1:33pm
    • Copper
    • Linear Metals
    • Mining
    • Molbdenum
    • Natural Resources

    Toronto, Ontario – Linear Metals Corporation (TSX: LRM) is pleased to report a new discovery on the Northwest Skarn target, located 600 metres west of the Main Zone, at its Cobre Grande Project, in Oaxaca, Mexico. The recently announced 49.8 million tonne resource estimate from the Cobre Grande Project did not include any mineralization from the Northwest Skarn, which now represents a priority target for significant expansion of the Cobre Grande Project’s initial resource. The second hole, in this previously undrilled target, has produced the following discovery intercept and highlights the excellent exploration potential remaining to be tested at Cobre Grande:

    • CG-68: 228 metres of 0.91% copper equivalent starting at 29 metres.

    Linear is also pleased to announce that it has received assays from the bottom of hole CG-60 which include:

    • CG-60: 72 metres of 0.073% molybdenum

    Added to the previously reported intercept of the hole the new assays document the longest molybdenum-rich intercept to date on the property of 332 metres of 0.058% molybdenum starting at 4 metres depth.

    Details of the drill-hole CG-68 discovery intercept are provided in the table below. A drill hole location map is available on the Company’s website at www.linearmetals.com.

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    Rusoro Mining Press Release

    Submitted by Press Release on Mon, 04/28/2008 - 10:17am
    • Gold
    • Rusoro Mining

    Rusoro Reports On Postive Meetings and Tour of Projects with Venezuela Mines Minister

    (TSX-V): RML

    Vancouver, Canada – Rusoro Mining Ltd., is pleased to report on the positive nature of recent meetings and a subsequent tour of Rusoro's mining projects with Venezuelan Mines Minister, Mr. Rodolfo Sanz.

    The Company met with the Mines Minister in Caracas on April 17, 2008, to discuss Rusoro's development and gold production expansion plans in both the El Callao and El Dorado districts of Bolivar State. The discussions focused on sound environmental practices, as well as job creation and a number of social programs and initiatives in which the Company is currently involved. The Mines Minister emerged from the meetings, held with Rusoro's Chairman, CEO and in-country government liaisons, with a more enlightened view of Rusoro and the Company's contributions and commitment to the region over the years.

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