Moss Gold-Silver Project Independently Confirmed As 590,400 Ounces Gold Equivalent Resource

Moss Gold-Silver Project Independently Confirmed As 590,400 Ounces Gold Equivalent Resource

Additional infill drilling to render 'inferred resources' into the 'indicated' category, scheduled to begin in November 2011.

Continued scoping and baseline studies to advance the permitting process.

Comprehensive metallurgical testing to determine precious metal recoveries.

Commencement of a multi-phase 25,000 foot drill program to test the western extension of the Moss deposit.

Preliminary pit design for open-pit, heap-leach mining.

Initiation of environmental impact and feasibility studies.

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's web site at http://www.sec.gov.