VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 2, 2012) - Orex Minerals Inc. (TSX VENTURE:REX) (“Orex“) is pleased to announce that it has signed a definitive Association Agreement with Fresnillo Plc (LSE:FRES) (“Fresnillo“) to explore and develop as one large project their respective mineral concessions in the Coneto gold-silver mining district in northern Durango State, Mexico.

Together, Orex and Fresnillo hold extensive contiguous mineral concessions totaling over 17,600 hectares in the heart of the historic Coneto mining district. These concessions cover more than 40 known mineralized epithermal quartz veins. The project will be managed by a technical committee in which both Orex and Fresnillo will have representation.

Gary Cope, President of Orex, says, “We are very excited about entering into an agreement with Fresnillo to advance the Coneto gold-silver project. Entering this agreement was a logical step, as both companies will bring land and expertise to the project and Fresnillo will contribute exploration funds. Fresnillo’s management is also showing their confidence in Orex by taking an equity position in Orex. We are looking forward to successful exploration together at Coneto.”

David Giles, Vice-President Exploration of Fresnillo Plc states, “We are pleased to have signed an agreement with Orex to evaluate the Coneto property using the combined experience of our exploration teams.”

Terms of the Coneto Association Agreement

1. Fresnillo will spend a minimum of US$2 million on exploration during the first year after the necessary exploration permits are obtained. A minimum of 70% of this exploration must be conducted on Orex’s concessions.
2. Fresnillo will have the option to spend an additional US$2 million per year on exploration for each of the following two years. A minimum of 70% of this exploration must also be conducted on Orex’s concessions.
3. Upon Fresnillo spending an aggregate of US$6 million on exploration activities, Orex and Fresnillo will each contribute their respective Coneto mining concessions to a new company (NewCo) that initially would be owned 55% by Fresnillo and 45% by Orex.
4. Fresnillo will have the right to increase its ownership of NewCo to 70% by either completing a prefeasibility study or spending up to an additional US$21,000,000 in the process of preparing a prefeasibility study.
5. If Fresnillo chooses to not exercise the right to increase its ownership of NewCo to 70%, the costs incurred to complete a prefeasibility study will be shared by Fresnillo and Orex in proportion to their ownership of NewCo; 55% by Fresnillo and 45% by Orex.
6. Any additional funding required by NewCo will be provided by Orex and Fresnillo in proportion to their respective ownership interests in NewCo at that time.
7. Fresnillo will have a right of first refusal to acquire Orex’s ownership interest in NewCo if Orex receives an offer for its interest in NewCo that it proposes to accept.
8. During the life of the Association Agreement, in the event that Orex, or any of its subsidiaries, enters into a transaction to acquire an interest in any additional mineral properties in Mexico and then later decides to sell or option out that interest to a third party, Fresnillo will have a right of first refusal to participate in such transaction on the same terms and conditions as offered to the third party.

About Orex Minerals Inc.

Orex Minerals Inc. is a junior mineral exploration company, comprised of highly qualified mining professionals with a focus on the exploration of prospective gold and gold-silver properties in Sweden and Mexico.

About Fresnillo PLC

Fresnillo Plc is the world’s largest primary silver producer and Mexico’s second largest gold producer, listed on the London Stock Exchange under the symbol FRES. Fresnillo has five producing mines, three development projects and five advanced exploration prospects, all of them in Mexico, as well as a number of other long term exploration prospects. In total, it has mining concessions covering approximately 2.1 million hectares in Mexico. Fresnillo has a strong and long tradition of mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for both silver and gold. Fresnillo’s goal is to maintain its position as the world’s largest primary silver company, producing 65 million ounces of silver and over 400,000 ounces of gold by 2018.

Ben Whiting, P.Geo., is the Qualified Person as defined in NI43-101 and takes responsibility for the technical disclosure in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope, President

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties including the non-consummation of the transactions herein contemplated. Actual results may differ materially from those currently anticipated in such statements and Orex undertakes no obligation to update such statements, except as required by law.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 1, 2012) - Rye Patch Gold Corp. (TSX VENTURE:RPM)(OTCQX:RPMGF) (“Rye Patch Gold” or the “Company”) is pleased to announce assay results of its wholly owned subsidiary, Rye Patch Gold US Inc., from the 100% owned Gold Ridge Project located along the Oreana trend in Pershing County, Nevada. The Gold Ridge project is located approximately 1.6 kilometres west of Lincoln Hill and was acquired in 2007 by staking unpatented lode mining claims.

HIGHLIGHTS:

• Shallow mineralization in GR-014 returned 0.49 g/t Aueq. over 24.4 metres starting at 15.2 metres, and GR-015 returned 0.70 g/t Aueq. over 38.1 metres starting at 9.1 metres;
• Significant gold and silver assays including 3.93 g/t Au and 20.1 g/t Ag over 3 metres along stacked, multiple, low-angle fault zones and hangingwall silicification (jasperoids);
• Encouraging gold and silver assay encountered over a 1.2 kilometre long trend suggesting potential for a large, near-surface, bulk-tonnage gold and silver deposit; and
• Near-surface gold and silver intercepted in multiple stacked mineralized zones.

DISCUSSION:

The 2011 drill campaign completed 2,462 metres in 12 reverse circulation drillholes centered on the Silver Ridge target at Gold Ridge. The drill program tested two geologic targets along a 1.2 kilometre long mineralized zone. The first geologic target drilled is a low-angle thrust fault zone with quartz breccia and veins containing gold and silver mineralization. The second target consists of deformed jasperoid layers (silicified rock) in the hangingwall of the main north-south oriented thrust structure. The main jasperoid body is stratabound and is 10- to 30-metres in true thickness.

“The Gold Ridge drilling indicates another shallow, near-surface deposit may exist along the Oreana trend, and additional drilling is clearly warranted,”stated William C. Howald, President and CEO of Rye Patch Gold.

In the northern portion of the Silver Ridge target, drillholes GR-004 and GR-005 extend mineralization 200 metres down dip from GR-002 (drilled in 2010). GR-004 encountered 0.41 g/t Aueq over 54.9 metres, and a second zone returned 0.77 g/t Aueq over 19.8 metres. Both mineralized zones are within stacked, folded jasperoid layers within the axial zone of a north-south oriented anticline. GR-006 was drilled from the same site as GR-002 toward the northeast to test the northern extension of mineralization. GR-006 encountered two zones – 0.50 g/t Aueq. over 21.3 metres and 2.1 g/t Aueq. over 3 metres.

Along the southern portion of the Silver Ridge target, drilling results show mineralization is shallow and dominantly related to jasperoid formation. GR-014 returned 0.49 g/t Aueq. over 24.4 metres starting at 15.2 metres, and GR-015 returned 0.70 g/t Aueq. over 38.1 metres starting at 9.1 metres. The jasperoids have significant strike length along the limbs of the anticline with oxide potential that remains untested. The low-angle fault lies beneath the jasperoid zones at a depth of approximately 175 metres. Additional drilling is required to test the low-angle fault to the east where the zone should daylight.

Along the 1.2 kilometres length drilled to date, the low-angle fault zones show high-grade silver. Drillhole GR-010 returned 75 g/t Ag over 1.5 metres, and GR-004 returned 20 g/t Ag and 3.93 g/t Au over 3 metres. Additional drilling to east will test the up-dip portion of the low-angle fault zones at shallower depths. Table 1 summarizes the Gold Ridge drilling results.

The Gold Ridge project has three target areas – Silver Ridge, Red Hill and Porphyry. In 2011, the Silver Ridge target was drilled.

As announced on May 18, 2010, May 11, 2009, and June 2, 2009, in respect of the Lincoln Hill, Wilco, and Jessup projects, Rye Patch Gold’s resource inventory along the Oreana trend now totals 1,182,780 ounces of gold and gold equivalent in the measured and indicated category plus 2,727,100 ounces of gold and gold equivalent in the inferred category. Table 2 summarizes Rye Patch Gold’s precious metal inventory in Nevada, USA excluding any resources within the LH claims. The LH claims contain five new discoveries and include the lands containing up to 20% of Rochester’s published proven and probable silver and gold reserve along with a significant portion of the published silver and gold resource, based on Coeur d’Alene Mine’s December 5, 2011, news release.

Rye Patch Gold maintains a strict quality control program at all of its projects. All reverse circulation and core samples are submitted to American Assay with prep-blanks, assay blanks, and gold and silver standards. Rye Patch Gold inserts approximately one quality control or quality assurance samples for every twenty samples submitted to the assay laboratory. The RC chips are logged and photographed on site. American Assay collects the samples and transports them to their preparation and analytical facility located in Reno, Nevada. Gold analyses are conducted on 1-assay ton prepped samples with gold determined using industry standard fire assay methods with an atomic absorption finish. Gold values above 10 g/t gold (over limits) are confirmed using fire assay with a gravimetric finish. Silver is analyzed using a four-acid digestion and an AA finish. Silver values over 100 g/t silver are re-analyzed using volumetric dissolution.

Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold’s CEO and President, is a Qualified Person as defined under National Instrument 43-101. He has verified the information contained in, and has reviewed and approved the contents of, this news release.

Rye Patch Gold Corp. is exploring well-known mineral trends in Nevada – the world’s fourth-richest gold region. Starting with 150,000 inferred ounces of gold in mid-2007, this well-funded Company now has 1.2-million ounces of gold and gold equivalent in the measured and indicated category, plus 2.7-million ounces of gold and gold equivalent in the inferred category. Rye Patch Gold is a Tier 1, Nevada-focused and discovery-driven company seeking to build a sizeable inventory of gold and silver resource assets in the mining friendly state of Nevada, USA. The Company’s seasoned management team is engaged in acquisition, exploration, and development of quality resource-based gold and silver projects. Rye Patch Gold owns and controls over 175 square kilometres of prime mineral claims and leases along the Oreana and Cortez trends. The Company is developing gold and silver assets along the emerging Oreana trend, located in west-central Nevada, and is exploring 65 square kilometres along the Cortez trend adjacent to Barrick’s two new gold discoveries. The Company has established gold and silver resource milestones and time frames in order to build a premier resource development company. For more information about Rye Patch Gold, please visit our website at www.ryepatchgold.com.

On behalf of the Board of Directors

William C. (Bill) Howald, CEO & President

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control. These factors include: the availability of funds, the financial position of Rye Patch to pursue legal undertakings; the outcome of legal action relating to the Rochester property and the LH unpatented claims, the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions. Litigation is inherently uncertain and factors that could cause actual results to differ materially from those in forward-looking statements include unexpected judicial findings of fact, previously unknown facts arising, and decisions which depart from past legal precedent and similar events.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 1, 2012) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Brixton Metals Corporation (TSX VENTURE:BBB) (the “Company” or “Brixton“) is pleased to announce that it has entered into an agreement to complete a brokered private placement financing (the “Private Placement“), on a “best efforts” agency basis, through a syndicate of agents led by Euro Pacific Canada Inc. and Fraser Mackenzie Limited (the “Agents“). The Private Placement provides for the issue of up to 14,285,715 flow-through shares of Brixton (the “FT Shares“) at a price of $0.21 per FT Share for gross proceeds of up to 3,000,000. The closing of the Private Placement is scheduled to occur on or about February 22, 2012. All FT Shares issued pursuant to this Private Placement will be subject to a four month and one day hold period. The Private Placement is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals.

In connection with the Private Placement, the Agents will receive a cash commission of equal to 7.0% of the gross of the Private Placement. The gross proceeds from the sale of the FT Shares will be used for exploration expenditures which will constitute Canadian exploration expenses (as defined in the Income Tax Act (Canada)) and will be renounced for the 2012 income tax year. These expenditures will be used on the Company’s Thorn property.

About Brixton Metals Corp.

Brixton is an exploration company engaged in the acquisition and exploration of precious metal assets. Brixton’s management is focused on advancing large-scale metal deposits to feasibility. The Thorn Project is Brixton’s flagship property and is centered on a network of silver-gold-copper-lead-zinc-bearing veins, breccia and porphyry mineralization. The Thorn property is located in northwestern British Columbia, Canada, about 50 km from the past producing Golden Bear Mine and 130 km southwest from the village of Atlin, BC. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB and BBB.WT. For more information about Brixton please visit our website atwww.brixtonmetals.com.

On Behalf of the Board of Directors

Mr. Gary R. Thompson, Chairman and CEO

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the closing date, use of proceeds and exercise of the Company’s option agreement, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSXVenture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and Excelsior undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Midas Gold Corp. today announced further assay results from its ongoing exploration and definition core and reverse circulation (“RC”) drilling program on the Hangar Flats and Yellow Pine deposits at its Golden Meadows Project, Idaho. Previously reported 2011 assay results can be reviewed on the Corporation’s web site. Newly received results are summarized in Table 1, below, and highlight the discovery of new areas of high grade gold-silver-antimony +/- tungsten mineralization within the Hangar Flats and Yellow Pine deposits. Complete results are tabulated in Table 2 attached at the end of this news release.

HIGHLIGHTS

--  MGI-11-057 intersects 175.9m of 2.56g/t Au, 2.4g/t Ag and 0.22% Sb,
    including higher grade intervals
--  MGI-11-134 intersects 23.3m of 2.12g/t Au and 332g/t Ag including 2.4m
    of 1.4g/t Au, 3,160g/t Ag, 0.15% Sb and 0.85% W
--  MGI-11-152 intersects 22.9m of 4.91g/t Au and 1.9g/t Ag
--  MGI-11-159 intersects 44.2m of 2.04g/t Au, 4.7g/t Ag and 0.43% Sb

Read the full news release

TORONTO, ONTARIO–(Marketwire – Feb. 1, 2012) – Continental Gold Limited (“Continental” or the “Company”) (TSX:CNL) is pleased to announce results for nine diamond drill-holes from the Company’s ongoing program at its 100%-owned Buritica Project in Antioquia, Colombia. Ten drills are currently on site as part of the Company’s Phase III, 60,000-metre diamond drill program for 2012.

Highlights

Yaragua (Figures 1 and 2)

--  Step-out drilling to the west at the Yaragua System has extended the

    strike length of several veins between 50 to 75 metres and the veins

    remain open along strike and at depth. Significant intercepts include 25

    metres @ 13.3 g/t Gold and 16 g/t Silver (including 4.5 metres @ 52.8

    g/t Gold and 16 g/t Silver) in drill-hole BUSY224, which is outside the

    current National Instrument 43-101 ("NI 43-101") compliant resource

    estimate.

--  BUSY238, the first deep penetrating drill-hole to test the Yaragua

    System vertically, was drilled to over 1,000 metres before completion.

    Significant intercepts below the current NI 43-101 resource estimate

    include 36 metres @ 6.7 g/t Gold and 11 g/t Silver. A second deep

    penetrating diamond drill hole is nearing completion and a series of

    deep holes are planned to probe the depth extent of the Yaragua System

    in 2012.

--  Step-out drilling in eastern Yaragua demonstrated that the system

    remains open to the east and at depth. Results outside the current NI

    43-101 compliant resource model include 3.65 metres @ 13.5 g/t Gold and

    552 g/t Silver.

La Mano (Figure 1)

--  BUSY228, the second drill hole completed at La Mano target prior to the

    end of 2011, yielded several high silver/gold mineralized zones at

    shallow depths and, encouragingly, at greater depths. A significant

    intercept to the south intersected 0.6 metres @ 55.4 g/t Gold, 6 g/t

    Silver and 1.42% Zinc. Two diamond drills are presently being mobilized

    to the La Mano target with drilling expected to commence towards the end

    of February. The next assay results from La Mano will be released once

    five to ten holes have been completed and analyzed.

Veta Sur System (Figures 1 and 3)

--  BUSY231, the third deep penetrating drill hole to test the Veta Sur

    system, intersected 5.95 metres @ 125.9 g/t Gold, 66 g/t Silver and 1.6%

    Zinc before the hole ran into technical difficulty and was abandoned at

    approximately 550 metres down-hole, ending in mineralization. This hole

    extended the northern Veta Sur system by more than 100 metres of strike

    length and to a depth of approximately 500 metres from surface outside

    of the current NI 43-101 resource estimate. The reader should be

    cautioned that due to drilling difficulties, a recovery rate of 25% was

    achieved in this portion of the interval and, consequently, the result

    should only be regarded as an indication that high-grade mineralization

    occurs at this depth in the northern portion of the Veta Sur System. The

    Company intends to re-drill this hole in short order.

--  BUSY225 drilled from northern Veta Sur intersected high silver/gold base

    metal-rich mineralization (including 1.9 metres @ 0.5 g/t Gold and 326

    g/t Silver), open laterally and at depth.

--  BUSY226 encountered several broad mineralized intervals (for example 7.2

    metres @ 5.2 g/t Gold and 36 g/t Silver, including 1.55 metres @ 16.3

    g/t Gold and 115 g/t Silver) mainly outside the current resource model.

“Our exploration efforts at Buritica continue to expand the mineralized footprint of the project. The initial deep hole at the Yaragua System and the La Mano intercept bode well for an updated NI 43-101 compliant resource due to be released during the summer of 2012,” commented Ari Sussman, CEO. “The Company is well funded for its exploration and development programs with a $58 million budget for 2012.”

Details

Continental’s 100%-owned, 19,452-hectare project, Buritica, contains several known areas of high-grade gold and silver mineralization, of base metal-carbonate style (“Stage I”) variably overprinted by texturally and chemically distinctive high-grade “Stage II” mineralization. The two most extensively explored of these areas (the Yaragua system and the Veta Sur system, Figure 1) are central to this land package. The Yaragua System has been drill-outlined along 650 metres of strike and 600 vertical metres and partially sampled in underground developments. The Veta Sur system has been drill intersected along 550 metres of strike and 1,180 vertical metres. Both systems are characterized by multiple, steeply dipping veins and broader, more disseminated mineralization and both remain open at depth and along strike, at high grades. Continental recently issued a NI 43-101 compliant maiden resource for parts of the Yaragua and Veta Sur systems. See “about Continental Gold” below.

Read the full news release

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 31, 2012) - Further to its press release of January 24, 2012, Starcore International Mines Ltd. (TSX:SAM) (the “Company”) announces that it has closed its non-brokered financing for gross proceeds of $2,252,500. The financing was in the form of 9,010,000 Units at $0.25 per Unit (a “Unit”), each Unit comprised of one common share of the Company (a “Common Share”) and one-half of one transferable share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to acquire one common share of the Company at a price of $0.35 to January 30, 2014.

Finders’ fees applied in this transaction in the form of cash commissions of $87,150 and 464,800 Agent Warrants, each Warrant entitling the holder to acquire one common share of the Company at a price of $0.25 to January 30, 2013.

All securities issued pursuant to the private placement are subject to a four month hold period to May 31, 2012.

For more information on the Company visit our website at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.

Robert Eadie, President