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This blog was created to publish news on argentinean mining, thus complementing our website and presence in social networks. As all of our activities, it intends to connect the mining community in Argentina and provide a place to promote the activity in the world, developing business opportunities.

30 ago 2010

Troy Forecasts Doubling of Production and Builds the Foundation for Future Growth


PERTH, WESTERN AUSTRALIA--(Marketwire - Aug. 27, 2010) - Troy Resources NL (TSX:TRY)(ASX:TRY) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

HIGHLIGHTS FOR FY2010


*Gold production of 61,453 ounces
*Net loss after tax of A$6.7 million
*Construction of the Casposo gold/silver project in Argentina within budget and on schedule to pour first gold in September 2010
*32% increase in the Casposo Mining Reserve
*Andorinhas moving into higher grade Reserves and the commissioning of Casposo leading to a forecast increase of more than 100% in gold equivalent production for FY2011 compared to FY2010
*LOI signed to monetise the Andorinhas iron ore
*The Sandstone mine forecast to complete processing of low grade stockpiles and move to care and maintenance in September 2010
*Net cash and bullion of over A$11 million as at 30 June
*Total Debt facility of A$25 million, A$3 million drawn to 30 June
*Unhedged gold position

Growing junior gold producer, Troy Resources NL today announced a loss of $6.7m for the financial year ended 30 June 2010. This result compares to a profit of $16.7m in FY 2009.

The loss for the year came from gold production of 61,453oz and gold sales revenue of $75.2m (FY2009: 61,786 oz and $75.4m).

Commenting on the results Troy's CEO, Paul Benson, said: "FY2010 continued to be one of transition for Troy as we move Sandstone to closure, care and maintenance and build Casposo. With the commissioning of Casposo and the processing of higher grade ores at Andorinhas, we expect production will more than double in FY2011.

"A lot of hard work has been invested in FY2010 which will be better reflected in future financial results, the most obvious being the construction of Casposo. We only approved construction of the project in August last year and we are on track to pour first gold in September; 13 months from commencing earthworks to first pour is a considerable achievement.

"Although it doesn't make the same headlines, we have made excellent progress at Andorinhas. The June quarter saw a 17% increase in gold production and a 15% reduction in unit cash costs. We expect to see continued improvement over the coming financial years as the focus on minimising dilution and moving into wider, higher grade parts of the orebody should see production increasing to over 40,000oz in each of the next two years.

"Coincidentally, in the same month we are opening our new mine in Argentina, we will be closing Sandstone in Australia. Sandstone has historically been the backbone of the Company. Although never having had a forecast mine life of more than three years, it recently celebrated its 11th anniversary of continuous production for the Company. We hope that Casposo will be able to break that record.

"Sandstone will go into care and maintenance while nickel exploration will continue through the joint venture with Western Areas. We will re-evaluate what we do with the property next calendar year once we have greater clarity from the nickel exploration program.

"The Board will make a final decision on an annual dividend in October after Casposo is commissioned."

A copy of the ASX Appendix 4E Preliminary Financial Results for the year ended 30 June 2010 can be accessed via the Troy Website www.try.com.au under "Latest News". The report can also be found under the Company's profile on the SEDAR website www.sedar.com.

This report contains forward-looking statements, statements, including those relating to expected production levels. These forward-looking statements reflect management's current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. A number of factors could cause actual results, performance, or achievements to differ materially from the results expressed or implied in the forward looking statements. Such factors include, among others, future prices of gold, the actual results of current production, development and/or exploration activities, changes in project parameters as plans continue to be refined, variations in ore grade or recovery rates, plant and/or equipment failure, delays in obtaining governmental approvals or in the commencement of operations.

ABOUT TROY RESOURCES

Troy Resources (TSX:TRY)(ASX:TRY) is a dividend-paying junior gold producer, with a clear growth strategy. The Company has two producing gold operations; at Sandstone in Western Australia and the Andorinhas Mine in Para State, Brazil and a gold silver development project, Casposo, in San Juan province, Argentina.

Troy has an experienced Board and management team with a portfolio of successful, fast-track mine development and low-cost operations.

Troy has an annual exploration budget of $5 million and a proven track record in exploration discoveries and strategic acquisitions.

Troy is currently focused on developing its Casposo Project, which it acquired in May 2009. With the acquisition and development of Casposo, Troy is entering a renewed growth phase which will again lift the Company's annual gold production above 100,000 ounces of gold per annum.

The Company maintains a robust balance sheet, and its current assets are forecast to continue to generate strong cash flow. Troy's gold production is unhedged, allowing its shareholders access to the full benefit of current and future gold price upside.

With the recent Casposo acquisition, Troy is positioned to continue its path of strong growth and profitable operations and is well on track to achieve its vision of becoming a highly profitable mid-tier gold producer with a portfolio of quality long-life assets.

Troy is a responsible corporate citizen, committed to the best practice of health and safety, environmental stewardship and social responsibility.

ABN 33 006 243 750

For more information, please contact
Troy Resources NL
Mr. Paul Benson
Chief Executive Officer
(618) 9481 1277
troy@troyres.com.au
www.try.com.au
or
Purple Communications
Annette Ellis / Warrick Hazeldine
Media Relations
(618) 6314 6300
aellis@purplecom.com.au


26 ago 2010

Lithium Americas Corp. Completes Exploration Program at Cauchari-Olaroz

Highlights

- The 53 drill hole exploration program has been completed

- Lithium grade results of the last 6 holes exceed previous results

- Company has begun a production drilling program to test the productive capacity of the aquifers

- Upgraded resource estimate expected in fourth quarter of 2010

TORONTO, ONTARIO--(Marketwire - Aug. 26, 2010) - Lithium Americas Corp. (TSX:LAC) ("Lithium Americas" or the "Company"), is pleased to report it has completed its advanced exploration program on its Cauchari-Olaroz properties in Argentina. The Company's 2009 exploration program was focused in the central part of the 43,451 hectares (ha) covering the vast majority of the Cauchari Salar (salt lake) and approximately one third of the Olaroz Salar.

"Our 2009 drilling programs have identified a significant lithium/potassium resource and provided us with a vast amount of information on the production qualities and geochemistry of our salares," stated Waldo Perez, President and CEO of Lithium Americas Corp. "With the completion of the 2010 advanced exploration phase of our program, the completion of our on- site labs and our pilot-scale evaporation facility, we are now ready to move to the next phase of development with the initiation of our production drilling program. Our team in Argentina is working closely with ARA WorleyParsons to aggressively develop our world-class lithium deposit and move the project to feasibility."

Drilling Results Summary

The Company's 2010 drilling program included a total of 24 reverse circulation ("RC") drill holes and 29 diamond drill holes ("DDH"). In total, Lithium Americas' exploration team has drilled an aggregate of 53 holes, totalling 9,899 meters ("m"). Most of the holes were located in and around the area of Cauchari, where the Company's lithium/potassium inferred resource estimate was completed, in order to increase the size and the confidence of the resource. The deepest hole is a diamond drill hole that tested the salar to a depth of 450m and continues encountering salt and sandstones layers.

The 2010 RC and DDH holes were drilled in locations that enabled the Company to obtain lithium/potassium brine results from an area that is approximately double the width (from 2 kilometres ("km") in width to 4 km in width) of the original area used in calculating the inferred resource estimate. Additionally, the new 2010 RC and DDH holes achieved depths that were on average 230m (approximately 40 percent deeper than the 2009 holes).

Geochemical results in the last six holes received from Alex Stewart Laboratories are listed below. Results for two more holes are pending. The lithium grade in the brine ranges between 991 milligrams per litre (mg/l) and 645 mg/l with a weighted average in all holes of 709 mg/l lithium and 0.64 percent potassium. These results exceed previously reported results, indicating higher grade zones within the aquifers.



Air lift tests done on RC holes PE-14, PE-17, PE-19, PE-20, PE-21 and PE-22 prove an average yield of 5.2 litres per second over the entire hole, maximum yields of 13 litres per second, and minimum of two litres per second. All six holes have increasing yields at depth. These encouraging results suggest that production-level yields can be achieved across the aquifers. Porosity tests in the diamond drill cores continued to yield drainable porosity values between 6 percent and 25 percent, comparable to the results published before.

Additional information on the location of the drill holes can be found in the updated corporate presentation in the investors section of the Company's web site at www.lithiumamericas.com.

Production Drilling Program

The Company has already initiated a large diameter rotary production drilling program with the objective of establishing the aquifer hydrological parameters that will allow the Company to design the production well field.

The program, which began mid-August, is expected to be completed at the end of Q4, 2010 and includes three 17 inch production wells and fifteen 5 ¼ inch piezometric wells used to monitor the production wells as they drain down the aquifers.

At the conclusion of the program, the Company will have the data necessary to establish the fundamental economic and operational parameters of the project such as pumping rates in the aquifers, number of holes required to enter into production and estimated production rates. This data will be used to calculate the "extractable reserves" and convert the resource estimation into a reserve estimation by adding economic parameters.

About the Company

Lithium Americas Corp. is an exploration company focused on the exploration of lithium, potassium, borax and other minerals in South America. The Company's principal and most advanced property comprises a significant portion of two adjacent Argentinean dry salt lakes (salares), Cauchari and Olaroz, covering 43,451 ha located in the Puna Plateau. The Puna Plateau is the most prolific brine reserve region globally, hosting approximately 84 percent of the world's lithium brine reserves. Based on an NI 43-101 compliant inferred in situ resource estimate of 1.58 x 1012 litres with average grade of 584 mg/L lithium and 4,860 mg/L potassium (equivalent to 4.9 million tonnes of lithium carbonate and 7.7 million tonnes of potassium), Lithium Americas' principal property is one of the largest known lithium brine deposits in the world. The Company believes the Cauchari and Olaroz property has the potential of becoming a world-class lithium deposit in both size and quality.

John Kieley, P. Geo. is the internal Qualified Person on the project who has reviewed this news release and is responsible for the technical information reported herein.

Certain information contained in this news release is based on the Company's NI 43-101 compliant technical report titled "Amended Inferred Resource Estimation Of Lithium and Potassium at the Cauchari and Olaroz Salares, Jujuy Province, Argentina" dated February 15, 2010, prepared for Lithium Americas Corp. by Mark King, a "qualified person" pursuant to NI 43-101, which can be viewed on the Company's website or at www.sedar.com, under the Company's profile. Inferred resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or prefeasibility studies, except in rare cases. Investors are cautioned not to assume that part or all of an inferred resource can be upgraded to an indicated or measured resource or is economically mineable.

Sampling and Analytical Protocols: Sampling and analytical protocols were implemented and supervised by or under the direction of John Kieley, the Corporation's internal Qualified Person as defined by National Instrument 43-101. All of the geochemical samples were collected by geologists taking into account the nature of the material being sampled. The brines samples were collected from the cyclone in a plastic container and then transferred into a new 1-litre plastic bottle which was then tightly closed. All samples were tagged with a pre-numbered ticket and stored in a secure location at the field office for no more than 10 days in cold dark storage. The samples were transported by Alex Stewart Assayers Argentina S.A. ("ASAA") laboratories from the field office site to their facilities in Mendoza (Argentina) where they were analyzed. ASAA is an ISO 9001-2000-certified laboratory with headquarters in England. The brine samples were analyzed by ICP analysis. All samples were assayed for 13 elements by ICP and AA. Accuracy and precision of results is tested through the systematic inclusion of blanks, standards and duplicates. Sulphate was assayed using the gravimetric method, chloride by the argentometry method and volumetric analysis (acid/base titration) was used for carbonates (alkalinity as CaCO3). Laboratory measurements were conducted for Total Dissolved Solids ("TDS"), density, and pH. Drainable porosity tests were carried out on intact diamond drill core every 3 meters on all undisturbed samples through the "Relative Water Release Capacity" method ("RWRC")" analysed by Daniel B. Stephens Inc. Laboratory (DBS) in New Mexico, USA. The method calculates changes in volumetric moisture content as samples (initially fully saturated) drain over a three-day period under a vacuum suction. The drainable porosity is considered to be equal to the difference between volumetric moisture contents at the start and finish of the test .The samples were collected in a plastic tight container and shipped from Jujuy Province, Argentina by DHL to the DBS labs in the USA.

This press release contains forward-looking statements, which can be identified by the use of statements that include words such as "could", "potential", "believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other similar words or phrases. The Company does not intend, and does not assume any obligations, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws. Readers should not place undue reliance on forward-looking statements. Readers should review the Company's prospectus dated May 6, 2010, for a list of risks associated with the Company and its business.

For more information, please contact
Lithium Americas Corp.
Mike Cosic
VP Corporate Development
(416) 360-1921
mcosic@lithiumamericas.com
www.lithiumamericas.com


25 ago 2010

Brigadier Gold (TSX-V: BRG) Announces Argentina Property Transaction and Private Placement of $2.0 Million


TORONTO, ONTARIO--(Marketwire - Aug. 24, 2010) - Brigadier Gold Limited (TSX VENTURE:BRG) announced today that it had signed a letter of intent to acquire an option in a gold property known as the INCAMAYO project consisting of 3,495 hectares located in Salta province in North western Argentina. The Option is held by 1534185 Alberta Inc. Brigadier will acquire all the issued and outstanding shares of 1534185 Alberta Inc. in exchange for the treasury issuance of 3 million common shares, and the payment of $100,000 cash to the current shareholders of the company subject to regulatory approval and successful completion of a private placement described below.

The Option

The Option is issued to 1534185 Alberta Inc. by Salta Exploraciones SA of Argentina and SESA Holdings LLC in Nevada and calls for the issuance of an additional 500,000 treasury shares of Brigadier and $1,000,000 over a 36 month period. The Option calls for the expenditure of an aggregate of $2 million over the next three years on the property and upon completion of those requirements Brigadier would acquire a 70% interest in the Property.

The Property

INCAMAYO is a "high sulphidation Au-Cu" prospect that forms the south easterly part of the Argentine epithermal precious metal-tin systems. Mineralization appears structurally controlled in vein and stockwork systems trending northeast. It is located at approximately 3500 metres elevation in the Salta Province of north western Argentina and can be easily accessed by road. Past trenching, sampling and drilling have identified significant Au and Cu mineralization associated with an alteration zone that extends for several kilometres. The alteration zone is quite evident from satellite imagery.

The best intersection from a total nine shallow RC holes is 150 metres grading 0.68% Cu, 6.0 gpt Ag and 0.61 gpt Au (includes 57 metres of 1.01% Cu, 10.1 gpt Ag and 1.06 gpt Au). Results of up to 9.55 gpt Au, 6.98% Cu, and 75.8 gpt Ag were obtained from separate intersections. Best result from trenches is 72 metres grading 1.40 gpt Au (includes 18 metres of 5 gpt Au). Up to 876.6 gpt Au over 2 metres was obtained from trenching. Surface grab samples yielded up to 14.06 gpt Au and 157 gpt Ag in separate samples. Surface oxidation and leaching is apparent. The prospect is hosted in hydrothermally altered metasedimentary rocks.

Historic work includes a single diamond drill hole for 303 metres, 9 RC holes totalling 2413 metres, 21 trenched for an aggregate of 5067 metres, and surface grab sampling and mapping. No geophysical methods have been applied to the prospect. The work was concentrated over a 2 kilometre area of the 8 kilometre striking alteration zone. Highlights from the historic work include the following.


To view a map that accompanies this release, please click the following link: http://cnrp.marketwire.com/cnrp_files/20100824-824BRGm.pdf

The Private Placement

Concurrent with and conditional upon completing the proposed purchase of the Option, Brigadier proposes to raise $2.0 million by way of a private placement to fund the first portion of the exploration program for the Option and general corporate purposes. The private placement will consist of the issuance of units (each, a "Unit" and collectively, the "Units") at a price of $0.15 per Unit, where each Unit consists of one common share, and one-half of a common share purchase warrant, with each whole warrant entitling the holder to purchase one common share over a one-year period at a price of $0.25 per common share. In the event that the common shares close at a price in excess of $0.70 for 20 consecutive trading days, Brigadier may reduce the exercise period to 30 days after giving notice of same.

William Dynes, P.Eng., a qualified person under National Instrument 43-101 has reviewed and approved the contents of this news release.

This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Brigadier, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Brigadier's expectations are disclosed under the heading "Risk Factors" and elsewhere in Brigadier's documents filed from time-to-time with regulatory authorities.

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

For more information, please contact
Brigadier Gold Limited
Herb Kokotow
President & CEO
(416) 410-7956
(905) 707-1520 (FAX)
www.brigadiergold.com

Extorre Reports Major Extensions to Silver-Gold Mineralization at Gabriela Vein, Cerro Moro Project


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2010) - Extorre Gold Mines Limited (TSX:XG)(FRANKFURT:E1R)(OTCQX:EXGMF) ("Extorre" or the "Company") is pleased to report that results from 26 new drill holes on the Gabriela vein has extended silver-gold mineralization over 400 metres (1,312 feet) beyond the south-eastern limit of the current National Instrument 43-101-compliant Inferred Resource. This drilling is the first to be completed at Gabriela since 2008. Drilling is continuing with four rigs to test extensions at Gabriela and Escondida Far West, as well as at the recent discovery reported at Martina. The primary focus of the discovery drilling is the delineation of additional high grade gold-silver shoots for inclusion (and/or reclassification) in the next Cerro Moro resource statement. Extorre's 100% owned Cerro Moro Project is located in Santa Cruz Province, Argentina.

The Gabriela vein is located approximately three kilometres (9,840 feet ("ft")) north east of the high grade Escondida Central zone. Fifteen of the 26 diamond drill holes completed to date returned significant results as outlined in the table below. Results from an additional three holes are awaited. Highlights of the current drilling include the following three of the highest grade gold-silver intercepts returned to date from Gabriela:

MD868 intersected 2.93 metres ("m") @ 4.1 g/t gold + 469 g/t silver (11.9 g/t gold equivalent*) and
2.19 m @ 7.2 g/t gold and 1,220 g/t silver (27.6 g/t gold equivalent*)
MD875 intersected 2.35 m @ 6.9 g/t gold + 986 g/t silver (23.3 g/t gold equivalent*)
MD928 intersected 2.89 m @ 7.4 g/t gold + 1,216 g/t silver (27.7 g/t gold equivalent*).



Eric Roth, Extorre´s President and CEO, stated, "Gabriela is a key vein in the Cerro Moro vein field and, in contrast to the Escondida vein, is predominantly silver-rich. Results to date indicate that approximately 70% of the precious metal content of the Gabriela vein occurs as silver, whereas in the Escondida vein, silver accounts for around 40% of the total precious metal content of the vein.

"Our current drill program at Gabriela has been successful in extending silver-gold mineralization over 400 metres to the south-east, in addition to confirming the presence of higher grade silver-gold ore shoots within, and adjacent to, the relatively lower grade, potentially open pittable, Inferred Resource at Gabriela.

"The south-eastern extension to the Gabriela vein remains open both at depth and along strike, with drill testing of this area expected to continue during the second half of 2010.

"Extorre is planning expeditious development of the Cerro Moro project, with potential development commencing early 2011. The plant has been designed in a modular form to facilitate expansion, and these new discoveries will allow the Company to increase gold and silver production going forward."

Click Here for the long sections and plans: http://www.extorre.com/pdf/release/diagram_05.pdf

In April, 2010, Extorre announced a National Instrument 43-101 compliant Inferred Resource of 521,000 metric tonnes @ 2.4 g/t gold and 347 g/t silver (for 40,000 ounces of gold and 5.8 million ounces of silver) at Gabriela. The primary goal of the current diamond drill program at Gabriela will be to increase the global gold-silver resource, with follow-up infill drilling designed to assist with the conversion of a portion of the gold-silver resource from the Inferred to Indicated resource category.

Quality Control and Assurance

Drill widths presented above are drill intersection widths and may not represent the true widths of mineralization.

Gold assay results presented above are preliminary with no cutting of high grades. All diamond drill core samples are split on regular metre intervals or on geological contacts and represent sawn half HQ-size core. Reverse circulation drill samples are collected using a cyclone in one metre intervals. Samples were prepared at the Acme Analytical Laboratories ("AcmeLabs") preparation facility in Mendoza, Argentina and assayed by fire assay (50 gram charge) at the AcmeLabs laboratory in Chile, both ISO-9001:2000 certified laboratories.

Check assaying of all samples assaying greater than 1.0 g/t gold is completed by Acme Labs. Samples returning greater than 10 g/t gold and/or greater than 100 g/t silver are assayed using gravimetric analyses. Standard and blank samples are used throughout the sample sequence as checks for the diamond drilling reported in this release. Standard, blank and duplicate samples are used throughout the sample sequence as checks for the RC percussion drilling.

Assaying by the screen fire assay method has been implemented in conjunction with standard 50 gram fire assaying, for diamond drill cores that contain visible gold. The procedure for screen fire assaying involves crushing and sieving of a nominal 1,000 gram sample to a particle size of 100 microns. All material which does not pass through the 100 micron sieve is then assayed. Two fire assays are undertaken on the undersize material as a check on homogeneity. The total gold content is then calculated.

Matthew Williams, Extorre's Exploration Manager and a "qualified person" within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has supervised the preparation of the technical information contained in this news release.

About Extorre

Extorre is a Canadian public company listed on the Toronto Stock Exchange (symbol XG) and on the OTCQX (symbol EXGMF). Extorre's assets comprise approximately $15 million in cash, the Cerro Morro and Don Sixto projects, and other mineral exploration properties in Argentina.

On April 19, 2010, Extorre announced an updated National Instrument 43-101 compliant mineral resource estimate for Cerro Moro:

Indicated Category: 357,000 oz. gold + 15.3 million oz. silver (612,000 oz. gold equivalent*), plus Inferred Category: 190,000 oz. gold + 12.0 million oz. silver (390,000 oz. gold equivalent*)

The 612,000 ounce gold equivalent* indicated resource, has an average grade of 32.3 g/t gold equivalent*, a grade considered exceptional by industry standards. The silver contribution is high, accounting for over 40% of the metal value. Additional inferred resources of 390,000 ounces gold equivalent* are also reported from Cerro Moro.

The updated resource model for the Escondida vein has been delivered to Santiago-based NCL Ingenieria y Construccion, Extorre's consultants for mine design and ore scheduling. The results will be used in a Preliminary Economic Assessment (PEA) for the project which is scheduled to be completed in Q3-2010. The PEA will provide estimated mine operating and capital costs for a potential 100,000 ounce/year (gold equivalent) mine. The submission of an Environmental Impact Assessment to Provincial authorities for permitting is also scheduled for Q3-2010.

You are invited to visit the Extorre web site at www.extorre.com.

Safe Harbour Statement – This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including our belief as to the extent and timing of its drilling programs, various studies including the PEA and the Environmental Impact Assessment, and exploration results the potential tonnage, grades and content of deposits, timing, establishment and extent of resources estimates, potential production from and viability of its properties, and permitting submission and timing. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, the effects of general economic conditions, the price of gold and silver, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgments in the course of preparing forward-looking information. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; uncertainties and risks related to carrying on business in foreign countries; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain of our officers, directors or promoters of with certain other projects; the absence of dividends; currency fluctuations; competition; dilution; the volatility of the our common share price and volume; tax consequences to U.S. investors; and other risks and uncertainties, including those relating to the Cerro Moro project and general risks associated with the mineral exploration and development industry described in our interim financial statements and MD&A for the fiscal period ended March 31, 2010 filed with the Canadian Securities Administrators and available at www.sedar.com. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

Cautionary Note to United States Investors - The information contained herein and incorporated by reference herein has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States securities laws. In particular, the term "resource" does not equate to the term "reserve". The Securities Exchange Commission's (the "SEC") disclosure standards normally do not permit the inclusion of information concerning "measured mineral resources", "indicated mineral resources" or "inferred mineral resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves" by SEC standards, unless such information is required to be disclosed by the law of the Company's jurisdiction of incorporation or of a jurisdiction in which its securities are traded. U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. Disclosure of "contained ounces" is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures.

NEITHER THE TSX NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

For more information, please contact
Extorre Gold Mines Limited
Eric Roth
President and CEO
extorre@extorre.com
or
Extorre Gold Mines Limited
Rob Grey
VP Corporate Communications
604.681.9512 or Toll-free: 1.888.688.9512
604.688.9532 (FAX)
or
Extorre Gold Mines Limited
Suite 1260, 999 West Hastings St.
Vancouver, BC Canada V6C 2W2
www.extorre.com

Golden Minerals Announces a Significant Increase in the El Quevar Project Resource Estimate


GOLDEN, CO--(Marketwire - August 19, 2010) - Golden Minerals Company (NYSE Amex: AUMN) (TSX: AUM) ("Golden Minerals" or "the Company") is pleased to provide an updated resource estimate for the Yaxtché deposit of its 100% controlled El Quevar project located in the Salta Province of northwestern Argentina. The new resource estimate shows an increase of 42% from the January 2010 resource estimate. The new resource estimate is based on a Canadian National Instrument 43-101 ("NI 43-101") compliant technical report prepared by Micon International Limited ("Micon") dated August 10, 2010.

Presented in the table below is the current resource estimate for the Yaxtché deposit at the El Quevar Project, at a 100 gram per tonne silver cut-off grade:

This latest estimate is an update to the previous report issued by Chlumsky, Armbrust and Meyer ("CAM") in a NI 43-101 Technical Report dated January 2010. The major differences in the two estimates include the use in the Micon estimate of data from 12 drill holes that was not available when the CAM estimate was prepared and the geostatistical method by which the resource was estimated. In addition, the Micon resource estimate assumes a three meter minimum mining width, which results in a partially diluted resource grade, while the CAM resource estimate used the entire mineralized envelope and did not assume a minimum mining width. The Micon resource estimate also capped the grade at 3,000 grams per tonne of silver for the entire deposit. The CAM resource estimate did not cap the grade. This capping technique tends to reduce the overall grade and contained ounces. In addition, the Micon resource estimate uses an updated specific gravity (density) value, which is higher than the density value used in the CAM estimate and has resulted in an increase in total tonnes and contained ounces of silver.

Over 245 diamond drill holes have been completed to date at the El Quevar project, including 185 holes drilled on the Yaxtché deposit. Micon used data from 168 drill holes (through Hole QVD-204) from the Yaxtché deposit in the new resource estimate. The Yaxtché deposit remains open along strike and both up and down dip.

Previous drilling established that mineralization extends under a post mineral cover on the western extension of the Yaxtché zone. Hole QVD-195, drilled through the post mineral cover, included approximately seven meters of greater than 1,000 grams silver per tonne. Preparations are now underway to drill on the west side of the post mineral cover in order to test the potential extension of the Yaxtché deposit through the post mineral cover. If the mineralized zone is established on the west side of the post mineral cover, the Yaxtché deposit could more than double in length from the current 2.4 kilometer strike length.

The Company controls mineral and surface rights to approximately 64,000 hectares at the El Quevar project. Drilling to date has primarily been focused on the Yaxtché deposit, which is one of at least13 targets in the El Quevar project area. An initial six hole drill program was previously completed at the Quevar Norte target located approximately three kilometers north of the Yaxtché zone, with three of the six holes intersecting silver mineralization of greater than 100 grams per tonne, including Hole QND-002, which averaged 1,289 grams per tonne over an intercept of 28 meters.

Construction of the underground decline at the Yaxtché deposit has advanced approximately 85 of the 225 meters required to access ore and remains on schedule, with completion of the feasibility study anticipated at the end of 2010. The production sized decline will be used to confirm the mine model and mining methods, take bulk samples for metallurgical testing, and to support the feasibility study currently underway.

A drill hole location map and listing of all drill intercepts for the holes at El Quevar for which the Company has received and verified results are available at http://www.goldenminerals.com/.

Review by Qualified Person, Quality Control and Reports

The new resource estimation was performed by William J. Lewis, BSc., P.Geo, and Ing. Alan J. San Martin, MAusIMM, Qualified Persons as defined by NI 43-101, who are independent of Golden Minerals. The mineral resources in this estimate were calculated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), Standards on Mineral Resources and Reserves, Definitions and Guidelines, prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council on December 11, 2005.

Results of the Company's drilling program have been reviewed, verified, and compiled under the direction of the Company's Senior Vice President of Exploration, Robert Blakestad, M.Sc., P.Geo, L.P.G., a Qualified Person for the purpose of NI 43-101. Mr. Blakestad has over 35 years of mineral exploration experience, is a Professional Geoscientist registered in Nova Scotia and a Licensed Professional Geologist in the state of Washington.

To ensure reliable sample results, Golden Minerals uses a quality assurance/quality control program that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards in each batch of samples. Core is photographed and sawn in half with one half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at an independent ISO 9001:2001 certified laboratory in Mendoza, Argentina. Prepared samples are direct-shipped to ISO 9001:2001 certified laboratories in Santiago, Chile or Vancouver, B.C. Pulp splits of mineralized intervals are re-assayed at certified independent referee laboratories in Chile and Canada.

The independent NI 43-101 technical reports and related information are available on the Company's website, http://www.goldenminerals.com/.

About Golden Minerals

Golden Minerals is a Delaware corporation based in Golden, Colorado, primarily engaged in the advancement of its pipeline of exploration projects in Mexico and South America. The Company has a portfolio of 30 exploration projects, including the feasibility stage El Quevar project in the Salta Province of northwestern Argentina and advanced stage drilling projects in Mexico and Peru. The Company's experienced management team has proven in house ability to explore, develop and operate mining projects.

Cautionary Note to U.S. Investors concerning Estimates of Indicated and Inferred Resources: This press release uses the terms "indicated resources" and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101. We advise U.S. investors that these terms are not recognized by the United States Securities and Exchange Commission (the "SEC"). The estimation of indicated resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements regarding indicated and inferred resource estimates at the El Quevar project; the exploration results and programs at the El Quevar project; results of exploration activities; planned exploration activities; planned feasibility work, the schedule for the construction of the underground decline at the Yaxtché deposit and completion of the planned feasibility study, and planned uses of the underground decline. These statements are subject to risks and uncertainties, including results of exploration and whether the results support engineering and other feasibility work on El Quevar; changes in geological, geostatistical and other interpretations of the Yaxtché deposit including the interpretations regarding the westward extension, continuity and strike length of the Yaxtché deposit, which may include changes resulting from additional drilling, exploration and feasibility work; availability of drills; unexpected variations in ore grade, types and metallurgy; whether the resources reported will be converted to reserves and whether the resources reported, including information regarding contained ounces, will be reduced as additional exploration and feasibility work is completed, including feasibility work on processing alternatives, projected recovery rates and costs including capital costs, operating costs and taxes; results of El Quevar feasibility work and uncertainties regarding whether El Quevar project feasibility will be supported; financial market conditions; unexpected increases in costs of materials, supplies and personnel used in exploration or mining activities; fluctuations in silver and other metal prices; technical and permitting issues; changes in applicable law that might increase the cost or otherwise negatively affect the Company in advancing the El Quevar project; and the ability and success of the Company in raising adequate capital and implementing its plans. Golden Minerals Company assumes no obligation to update this information. Additional risks relating to Golden Minerals Company may be found in the periodic and current reports filed with the Securities Exchange Commission by Golden Minerals Company, including the Company's Annual Report on Form 10-K for the year ended December 31, 2009.

For additional information please visit http://www.goldenminerals.com/ or contact:

Golden Minerals Company
Jerry W. Danni
(303) 839-5060
Executive Vice President


23 ago 2010



A la opinión Pública:


Al igual que todos los ciudadanos, las Cámaras del Sector Minero nos sentimos halagadas de podernos adherir al júbilo que genera la noticia de la supervivencia de los 33 mineros chilenos en la Mina San José, Copiapó, Chile tras 17 días de esperar por su rescate.

Este hecho es un símbolo del trabajo mancomunado de todos los actores de una sociedad que siente la minería como una actividad principal de su economía, que compromete sus esfuerzos para la mejora continua y que reclama más y mejor minería para el crecimiento del país chileno. Que aprecia que los accidentes pueden ser previstos y que trata de fomentar mejores normas para proteger a sus empleados.

Al efecto, también queremos señalar a la opinión pública que esta experiencia es solo posible por la respuesta a los accidentes que nuestra industria posibilita. Que se puedan cuidar vidas a pesar de las condiciones de riesgos que se enfrentan. En síntesis, que la minería puede prepararse acordemente para eliminar riesgos tanto laborales, como ambientales. Que el agua que preservó durante tantos días la vida de estos mineros, es la misma que nuestros críticos en Argentina dicen que se contamina a más no poder solo por estar en una mina; que el aire que posibilitó que estas personas supervivan a 700 m de profundidad, dentro de una mina de mediana escala y con normas de seguridad seguramente mejorables, es el mismo que los detentores de verdades a medias y falacias en Argentina dicen que la minería torna irrespirable
del otro lado de la frontera.

Nos alegramos por nuestros colegas y por sus familias, y a la vez le aseguramos a la comunidad
toda, que el compromiso de los mineros con la seguridad laboral y las normas medioambientales es una constante en nuestra actividad. Un empleado que regresa sano a su casa en cada relevo de turno es nuestro principal compromiso con la sociedad. Y es el seguro que los mismos mineros ofrecen a sus familias como respaldo de su trabajo y su convencimiento con la actividad que no solo les ofrece posibilidad de crecimiento económico digno, sino la preservación de su vida y las condiciones de su familia.

Ante la adversidad, solo la esperanza, el optimismo y la tecnología con las normas seguras que lleva adelante la minería aseguran el mejor resultado. Sigamos posibilitando que nuestra minería
segura y sustentable sea el vehículo para el crecimiento de nuestra provincia y nuestro País. Por ello, saludamos al Gran Pueblo Minero Chileno.

CÁMARA MINERA DE SAN JUAN
CAMARA ARGENTINA DE SERVICIOS MINEROS
GRUPO DE EMPRESAS EXPLORADORAS DE LA REPÚBLICA ARGENTINA


19 ago 2010

Pachamama Resources Ltd.: 2010 Work Program Initiated at Rio Grande Cu-Au Project, Argentina


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2010) - Pachamama Resources Ltd. (TSX VENTURE:PMA) ("Pachamama" or the "Company"), together with its joint venture partner, Antares Minerals Inc. ("Antares") (TSX VENTURE:ANM), announces the initiation of the 2010 work program at their 50-50 owned Rio Grande project. Rio Grande is a large copper-gold system with porphyry affinities located in Salta Province, northwestern Argentina. Drilling to date comprises a total of 33,015 metres in 78 diamond drill holes. The proposed program will include work to characterize the metallurgy over a range of mineralization types with varying degrees of oxidation. Pachamama and Antares believe that sufficient drilling has been completed to calculate an initial resource for the deposit once this metallurgical program has been completed. Mineralization at Rio Grande remains open to depth in several zones.

As operator, Antares plans to contract a geophysical consulting firm to complete a deep looking Titan IP/Resistivity survey with the objective of characterizing the entire system and defining additional drill targets. This geophysical survey is scheduled to commence upon crew availability with an estimated start date of September 2010.

In addition, the parties plan follow-up soil geochemical surveying and geological mapping on the Northeast Zone where previous work has partially defined copper-gold-zinc mineralization which has similarities to the weaker mineralized areas on the outer fringes of the Mansfield Minerals Inc.'s Lindero heap leachable gold deposit, located 7 kilometres to the southeast.

Highlights from previous drilling are summarized below:

* RGA-06-24 (Sofia Zone): 128 m with 0.47% Cu, 0.71 g/t Au and 4.4 g/t Ag

* RGA-06-26 (Sofia Zone): 158 m with 0.46% Cu, 0.51 g/t Au and 4.2 g/t Ag

* RGA-07-34 (Sofia North Zone): 189 m with 0.70% Cu and 0.67 g/t Au and 11.1 g/t Ag
o Includes 27 m with 1.16% Cu and 1.59 g/t Au
o Includes 12 m with 2.2% Cu and 1.85 g/t Au

* RGA-07-40 (Discovery Zone): 102 m with 0.58% Cu, 0.75 g/t Au, and 13.1 g/t Ag
o Includes 25 m with 1.37% Cu, 1.89 g/t Au, and 18.0 g/t Ag

* RGA-07-43 (North Zone): 151 m with 0.40% Cu, 0.46 g/t Au, and 12.4 g/t Ag

* RGA-07-48 (North Zone): 152 m with 0.44% Cu, 0.41 g/t Au and 5.32 g/t Ag
o Includes 60 m with 0.54% Cu and 0.53 g/t Au
o Within long intercept of lower grade – 428 m with 0.30% Cu, 0.29 g/t Au and 5.31 g/t Ag

* RGA-07-56 (#7 Zone): 135 m with 0.53% Cu, 0.65 g/t Au, and 8.9 g/t Ag
o Includes 48 m with 0.82% Cu, 1.28 g/t Au, and 8.7 g/t Ag

John M. Leask, President and CEO of Pachamama Resources Ltd. commented as follows:

"We are pleased to resume work at Rio Grande where drilling and trenching to date has established extensive copper-gold mineralization over a four sq. kilometer area. At least four higher grade feeder type areas have been partially delineated. The gross metal budget indicated to date is impressive, as are many of the stronger mineralized intercepts. Recently drilled molybdenum mineralization under the Sofia Zone also requires follow-up testing."

About the Rio Grande Project, Salta Province, Argentina

The Rio Grande project is very favourably located along the prominent northwest-trending Archibarca Lineament which also controls the location of the world-class giant Escondida porphyry copper deposit 150 km to the northwest in Chile. In addition, the Rio Grande project setting shares many similarities with that of the Bajo de Alumbrera porphyry copper-gold deposit which is located along a similar northwest-trending regional structural lineament approximately 300 km to the south. Copper-gold mineralization at Rio Grande occurs within a distinct two-km diameter ring fracture zone defined by IP chargeability as well as copper and gold soil geochemical anomalies. The mineralization is hosted by a complex sequence of intermediate sub-volcanic intrusive rocks with variable degrees of potassic, calcic, and propylitic alteration and local late- to post-mineral intermediate dikes. The mineralization originally consisted of chalcopyrite and magnetite as disseminations and fracture fillings. The chalcopyrite has subsequently been partially to completely oxidized to green and black copper oxides to depths of 300-400 metres or more. Oxidation is typically in situ with little to no remobilization of copper.

This news release has been reviewed by John M. Leask, P.Eng., President and CEO of the Company, and a Qualified Person ("QP") as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About Pachamama

Pachamama is a mining exploration company formed as a spin-out of Mansfield Minerals Inc. in November 2008. The mineral assets of Mansfield, with the exception of the Lindero gold deposit, were transferred to Pachamama together with certain cash and investments. The Company is currently focused on the Rio Grande copper-gold project in northwestern Argentina.

On behalf of the Board of Directors,

John M. Leask, P.Eng., President, Director and CEO

Cautionary and Forward-looking Statement Information

Certain disclosure in this release, including management's assessment of Pachamama's plans and projects, constitutes forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Pachamama's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking statements.

All diamond drilling at Rio Grande has been performed using HQ and NQ diameter core with recoveries averaging greater than 95%. Core is logged and cut with a diamond saw on site under the supervision of Antares' geologists. Sampling is done on intervals varying from 1-3 metres. All samples are transported by Antares' vehicles or contract transport, accompanied by Antares' staff, to Salta, Argentina for direct shipping to ALS Chemex Laboratories in Mendoza, Argentina. The QC/QA program includes the insertion of control samples (known standards, blanks, and duplicates) comprising a minimum of 10% of each sample batch.

All of Antares' exploration programs and pertinent disclosure of a technical or scientific nature are prepared by or prepared under the direct supervision of John Black, Antares' President and CEO, who serves as the qualified person (QP) under the definitions of National Instrument 43-101. Antares' security, chain of custody and quality control is described on their website under the section on best practices – sampling methodologies.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Press Release.

For more information, please contact
Pachamama Resources Ltd.
John M. Leask, P.Eng.
President, Director and CEO
(604) 681-4462
(604) 681-0180 (FAX)
info@pachamamaresources.com
www.pachamamaresources.com

Antares Announces Initiation of 2010 Work Program at the Rio Grande Cu-Au-Ag Project, Argentina


WATERDOWN, ONTARIO--(Marketwire - Aug. 17, 2010) - Antares Minerals Inc. ("Antares") (TSX VENTURE:ANM), together with its joint venture partner, Pachamama Resources ("Pachamama", PMA.TSX-V), is pleased to announce the initiation of the 2010 work program at the Rio Grande Project, a large Cu-Au-Ag system with porphyry affinities located in Salta Province in northwestern Argentina. The 2010 program at Rio Grande will consist of 1) test work to characterize the metallurgy over a range of mineralization styles with varying degrees of oxidation, 2) geochemical sampling and geological mapping at the NE target, an area with many similarities to the nearby Lindero Au deposit of Mansfield Minerals, and 3) completion of a deep-imaging Titan IP/Resistivity survey to acquire a better understanding of the known mineralization to depth. Antares believes that sufficient drilling has been completed to allow the calculation of an initial resource for the deposit once the metallurgical test work has been completed.

A total of 33,015 m in 78 drill holes has been drilled to date at Rio Grande with encouraging results. Mineralization identified to date occurs in a steeply inward dipping conical ring zone and consists of a chalcopyrite-magnetite assemblage that has been partially to completely oxidized to depths of approximately 300-400 m. Sulphide mineralization remains open to depth. Additional untested targets remain including 1) the NE zone with geological and geochemical similarities to the nearby Lindero Au deposit of Mansfield Resources and 2) a distinct zone containing higher grade molybdenum which is spatially separate from the Cu-Au zones identified to date.

Highlights from previous drilling are summarized below:

* RGA-024: 128 m with 0.47% Cu, 0.71 g/t Au and 4.4 g/t Ag
* RGA-026 158 m with 0.46% Cu, 0.51 g/t Au and 4.2 g/t Ag
* RGA-034: 189 m with 0.70% Cu, 0.67 g/t Au and 11.1 g/t Ag
* RGA-040: 103 m with 0.58% Cu, 0.75 g/t Au and 13.1 g/t Ag
o Includes 25m with 1.37% Cu, 1.89 g/t Au and 18.0 g/t Ag
* RGA-043: 151 m with 0.40% Cu, 0.46 g/t Au and 12.4 g/t Ag
* RGA-048: 152 m with 0.44% Cu, 0.41 g/t Au and 5.3 g/t Ag
* RGA-050: 111 m with 0.42% Cu, 0.41 g/t Au and 8.5 g/t Ag
* RGA-056: 135 m with 0.53% Cu, 0.65 g/t Au and 8.9 g/t Ag
o Includes 48m with .82% Cu, 1.28 g/t Au and 8.7 g/ Ag
* RGA-064: 114 m with 0.56% Cu, 0.58 g/t Au and 10.6 g/t Ag
o Includes 28 m with 1.10% Cu, 1.22 g/t Au and 20.6 g/t Ag
* RGA-065: 146 m with 0.60% Cu, 0.57 g/t Au and 7.2 g/t Ag
o Includes 46 m with 1.16% Cu, 1.18 g/t Au and 10.4 g/t Ag

John Black, President and CEO of Antares Minerals Inc. commented as follows:

"We are very pleased to resume work at Rio Grande. The project has always warranted more work, however over the last two years we have focussed our financial and human resources on our more advanced Haquira Cu-Mo-Au discovery in Peru. To date we have found widespread Cu-Au-Ag mineralization at Rio Grande and the system hosts an impressive total metal budget. We have sufficient drill data to allow the calculation of an initial resource estimate, but would like to complete some metallurgical test work first to better define what economic factors are appropriate for the system (processing methods, recoveries, reagent consumption, etc.). The system also shows evidence of significant vertical extent and we plan to complete a deep-imaging Titan IP/resistivity survey to better delineate drill targets at depth. This type of survey has been very successful at identifying mineralization in other similar systems."

The 2010 Rio Grande work program

The work program will consist of 1) test work to characterize the metallurgy over a range of mineralization styles with varying degrees of oxidation, 2) geochemical sampling and geological mapping at the NE target, an area with many similarities to the nearby Lindero Au deposit of Mansfield Minerals, and 3) completion of a Titan IP/Resistivity survey to image better the continuation of mineralization to depth.

Metallurgical test work is underway and will consist of sequential copper leach, bottle roll, flotation and flotation/tail leach testing designed to characterize the metallurgy of the known mineralization. Parameters established by this test work will provide a context for a resource calculation to be completed later this year, or in early 2011. Initial results of this metallurgical work should be available in the next few months with final results by the end of the year.

Geochemical sampling and geological mapping will be completed at the NE target to see if drilling is warranted to test for mineralization similar in style to the nearby Lindero Au deposit of Mansfield Minerals. This work will be completed by the Pachamama staff who discovered the Lindero deposit.

Mineralization at Rio Grande remains open to depth and Antares plans to complete a deep-imaging Titan IP/Resistivity survey to better characterize the full system and define additional drill targets. This work is programmed to commence when the contract survey crew and equipment becomes available in approximately September.

About the Rio Grande Project, Salta Province, Argentina

The Rio Grande project is very favourably located along the prominent northwest-trending Archibarca Lineament which also controls the location of the world-class giant Escondida porphyry copper deposit 150 km to the northwest in Chile. The Rio Grande project setting shares many similarities with that of porphyry Cu-Au systems such as the Bajo de Alumbrera porphyry copper-gold deposit which is located along a similar northwest-trending regional structural lineament approximately 300 km to the south. However, the system also displays similarities in alteration and mineralization styles with IOCG (Iron Oxide Copper Gold) systems like Candelaria in Chile. The IOCG systems often have higher grades and can present significant vertical extents to mineralization.

Copper-gold mineralization at Rio Grande occurs within a distinct two-km diameter ring fracture zone defined by IP chargeability as well as copper and gold soil geochemical anomalies. The mineralization is hosted by a complex sequence of intermediate sub-volcanic intrusive rocks with variable degrees of potassic, calcic, and propylitic alteration and local late- to post-mineral intermediate dikes. The mineralization originally consisted of chalcopyrite and magnetite as disseminations and fracture fillings. The chalcopyrite has subsequently been partially to completely oxidized to green and black copper oxides to depths of 300-400 m or more. Oxidation is typically in situ with little to no remobilization of copper.

Antares holds a 50% interest in the Rio Grande project pursuant to a joint venture agreement with Pachamama Resources Ltd. ("Pachamama", PMA.TSX-V). Antares is the operator of the project.

Additional information about the Rio Grande project is available on our website at www.antaresminerals.com

This news release has been prepared and approved by John Black, President and CEO of Antares, and a Qualified Person ("QP") as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About Antares

Antares is a successful mineral exploration company with highly experienced technical and management teams. The Company is focused on precious- and base-metal exploration properties in Latin America that can be quickly and cost-effectively advanced to the discovery and production stage.

In addition to the Rio Grande project, Antares' flagship project is the Haquira project located in southern Peru which offers excellent potential for the development of a large copper mine with production from both near-surface secondary copper mineralization amenable to SX-EW leaching and from a larger, underlying body of higher grade primary porphyry copper-molybdenum mineralization to be processed by a conventional mill/concentrator operation. Haquira is located contiguous to, and immediately south of, Xstrata Copper's Las Bambas Cu-Au project and consists of two blocks of property acquired or optioned under separate agreements as well as additional concessions acquired by Antares for a total of 20,635 hectares of area. Antares has recently announced an update Resource Estimate (Feb 2010) and integrated Preliminary Economic Assessment (PEA - July 22, 2010) for the project. Highlights from the PEA include:

* After-tax NPV of US$ 1.07 billion for base case with US$2.25/lb Cu and 8% discount rate
* After-tax IRR of 16.4% for base case with US$2.25/lb Cu – payback of capital in 4.8 yrs
* Process rate of 130,000 t/day (30,000 t/day SX-EW leach and 100,000 t/day mill/flotation)
* Twenty year mine life
* Initial capital expenditure of US$ 2.06 billion (including working capital and a contingency of 20%)
* Average production of 425 million lbs Cu/yr (193,000 t Cu/yr) for life of mine
* Total production of 8.3 billion lbs Cu, 97 million lbs Mo, 522,000 oz Au, and 24.3 million oz Ag
* Cash cost of US$ 0.89 for first ten years and US$ 1.04 for life of mine (C1, includes transport and TCRC charges and is net of by-product credits)
* Strongly leveraged to price of Cu (based on price range of $2.00-3.00/lb)
o After-tax IRR ranges from 12.4% to 26.3%
o After-tax NPV(8%) ranges from $516 million to $2,730 million

Cautionary and Forward-looking Statement Information

Certain disclosure in this release, including management's assessment of Antares' plans and projects, constitutes forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Antares' operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking statements.

All diamond drilling at Rio Grande has been performed using HQ and NQ diameter core with recoveries averaging greater than 95%. Core is logged and cut with a diamond saw on site under the supervision of Antares geologists. Sampling is done on intervals varying from 1-3 metres. Reverse-circulation drilling at Haquira typically has recoveries averaging greater than 90% with some exceptions in areas of difficult drilling conditions. All samples are transported by Antares vehicles or contract transport, accompanied by Antares staff, to Salta, Argentina for direct shipping to ALS Chemex Laboratories in Mendoza, Argentina. The QC/QA program includes the insertion of control samples (known standards, blanks, and duplicates) comprising a minimum of 10% of each sample batch.

All of Antares' exploration programs and pertinent disclosure of a technical or scientific nature are prepared by or prepared under the direct supervision of John Black, Antares' President and CEO, who serves as the qualified person (QP) under the definitions of National Instrument 43-101. Antares' security, chain of custody and quality control is described on their website under the section on best practices – sampling methodologies.

Mineral resources do not have demonstrated economic viability and future in-fill drilling and scoping, pre-feasibility and feasibility studies will determine what percentage of the inferred resource can be placed into the mineable category. Antares is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing or other issue which may materially affect this estimate of mineral resources.

All information contained in this press release relating to the contents of the preliminary economic assessment (PEA) for the Haquira project, including but not limited to statements of the project's potential and information under the headings " Key highlights from the study " and "Summary of key financial parameters for the Haquira project PEA" are "forward looking statements" within the definition of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved".

The PEA was prepared to broadly quantify the project's capital and operating cost parameters and to provide guidance on the type and scale of future project engineering and development work that will be needed to ultimately define the project's likelihood of feasibility and optimal production rate. It was not prepared to be used as a valuation of the project nor should it be considered to be a pre-feasibility study. The capital and operating cost estimates which were used have been developed only to an approximate order of magnitude based on generally understood capital cost to production level relationships and they are not based on any systematic engineering studies, so the ultimate costs may vary widely from the amounts set out in the Study. This could materially and adversely impact the projected economics of the project. As is normal at this stage of a project, data are incomplete and estimates were developed based solely on the expertise of the individuals involved. At this level of engineering, the criteria, methods and estimates are very preliminary and result in a high level of subjective judgment being employed.

The following are the principal risk factors and uncertainties which, in management's opinion, are likely to most directly affect the conclusions of the PEA and the ultimate feasibility of the project. The mineralized material at the project is currently classified as resources and it is not reserves. The mineralized material in the PEA is based only on the resource model developed by the mineral resource and mining division of Tetra Tech, Inc. ("Tetra Tech"), a professional mining engineering firm in Golden, Colorado in February, 2010. Considerable additional work, including in-fill drilling, additional process tests, and other engineering and geologic work will be required to determine if the mineralized material is an economically exploitable reserve. There can be no assurance that this mineralized material can become a reserve or that the amount may be converted to a reserve or the grade thereof. Final feasibility work has not been done to confirm the mine design, mining methods, and processing methods assumed in the PEA. Final feasibility could determine that the assumed mine design, mining methods, and processing methods are not correct. Construction and operation of the mine and processing facilities depends on securing environmental and other permits on a timely basis. No construction or operation permits have been applied for and there can be no assurance that required permits can be secured or secured on a timely basis. Data are incomplete and cost estimates have been developed in part based on the expertise of the individuals participating in the preparation of the PEA and on costs at projects believed to be comparable, and not based on firm price quotes. Costs, including design, procurement, construction, and on-going operating costs and metal recoveries could be materially different from those contained in the PEA. There can be no assurance that mining can be conducted at the rates and grades assumed in the PEA. The PEA assumes specified, long-term price levels for copper. The price for copper is historically volatile, and Antares has no control of or influence on the price, which is determined in international markets. There can be no assurance that the price of copper will continue at current levels or that it will not decline below the prices assumed in the PEA. The price of copper has been below the price range assumed in the PEA at times during the past ten years, and for extended periods of time. The project will require major financing, probably a combination of debt and equity financing. Interest rates are at historically low levels. There can be no assurance that debt and/or equity financing will be available on acceptable terms. A significant increase in costs of capital could materially and adversely affect the value and feasibility of constructing the project. Other general risks include those ordinary to large construction projects including the general uncertainties inherent in engineering and construction cost, the need to comply with generally increasing environmental obligations, and accommodation of local and community concerns.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Press Release.

For more information, please contact
Antares Minerals Inc.
John Black
President and CEO
(720) 514-9036 office or (303) 618-7797 mobile
john.black@antaresminerals.com
or
Antares Minerals Inc.
Mark Wayne
CFO
(403) 705-4968
www.antaresminerals.com


Malbex Q3 Highlights


TORONTO, ONTARIO--(Marketwire - Aug. 16, 2010) - Malbex Resources Inc. (TSX VENTURE:MBG) has filed its unaudited financial statements and MD&A for the third quarter of fiscal 2010 ended June 30, 2010 on SEDAR (www.sedar.com).

"Our solid balance sheet and first-rate technical team put us in a strong position to advance our gold discovery at Del Carmen," said Tim Warman, President and CEO. "Currently, we are planning the coming field season, which commences in October at our three El Indio Gold Belt projects. Our top priority is to complete sufficient drilling to outline potentially economic mineralization at Del Carmen."

Recent highlights include:

* Discovery of gold mineralization at Del Carmen Norte included a diamond-drill intersection in hole 32 of 142 metres (m) grading 0.88 grams per tonne (g/t) gold (Au) and 13.7 g/t silver (Ag) (1.11 g/t Au equivalent)
o Hole 32 ended in strong mineralization with the lowermost 40.15 m averaging
1.45 g/t Au and 19.6 g/t Ag (1.78 g/t Au equivalent)
o The Rojo Grande drill results are comparable to reserve grades at Barrick Gold Corporation's nearby Veladero (0.8 g/t Au) and Pascua-Lama (1.4 g/t Au) mines
* Generation of promising drill targets from magnetometer & CSAMT geophysical surveys at all three projects
* Dr. Richard Sillitoe, one of the world's leading experts in epithermal and porphyry deposits, conducted a visit to the Del Carmen Norte prospect. Dr. Sillitoe highlighted the potential of the central area of Del Carmen Norte alteration system to contain bulk-tonnage gold-silver mineralization. The mineralization intercepted to date occurs in sub-horizontal and sub-vertical silicified ledges that appear to be oxidized to at least 150m depth and are therefore likely to be amenable to heap-leach processing.
* Completion of an over-subscribed equity financing on June 22 for $12.6 million, ensuring Malbex is well-funded for the upcoming 2010/2011 field program
* Working capital of $12.4 million and cash-on-hand of $12.9 million at June 30, 2010

Peter Stewart, PhD, Vice-President Exploration of Malbex Resources Inc., is a Professional Geoscientist in the Province of Ontario, and is the Qualified Person as defined by NI 43-101 responsible for the technical information presented in this news release.

About Malbex

Malbex Resources Inc. is a gold exploration company led by experienced management and directors. Malbex holds an indirect 100% interest in three exploration projects in Argentina's El Indio Gold Belt, which hosts over 40 million ounces of gold in past production and current reserves. Two of the projects are in close proximity to Barrick's Veladero and Pascua-Lama gold deposits. For more information, please visit www.malbex.ca.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, spending commitments, future operations, results of exploration, anticipated financial results, future work programs, capital expenditures and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Company's annual information form under the heading "Risk Factors". There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact
Malbex Resources Inc.
Tim Warman
President and Chief Executive Officer
(416) 628-0215
or
Malbex Resources Inc.
Marla Gale
VP Investor Relations
(416) 628-0215
ir@malbex.ca
www.malbex.ca



Minera IRL Announces Second Quarter Financial Results


LONDON, UNITED KINGDOM--(Marketwire - Aug. 16, 2010) - Minera IRL Limited ("Minera IRL" or the "Company"), (TSX:IRL)(AIM:MIRL)(BVLAC:MIRL) the Latin American focused gold mining, development and exploration company, is pleased to announce its unaudited interim results for the 3-month period ended June 30, 2010 and its interim results for the six months ended June 30, 2010. All amounts are reported in US dollars.

Highlights for the quarter ended June 30, 2010 included:

* Gold production above budget at 8,098 ounces (15,169 ounces for 6 months to June 30, 2010)
* Sales revenue of US$10.0 million (US$18.3 million for 6 months to June 30, 2010)
* Average sales price US$1,201 per ounce in the second quarter
* Corihuarmi cash operating cost of US$365 per ounce (US$396 for the 6 months to June 30, 2010)
* EBITDA of US$3.9 million (Q2 2009 US$1.7 million)
* Profit before tax of US$3.0 million (Q2 2009 US$557,000)
* Profit after tax of US$1.6 million (Q2 2009 US$234,000)
* Cash balance of US$6.6 million at June 30, 2010 (June 30, 2009: US$ 5.1 million)
* Rapid advancement on Ollachea Project Pre-Feasibility Study
* Don Nicolas Feasibility Study progressing well
* Extensive airborne geophysical survey carried out over Patagonia exploration projects
* Acquisition of new exploration project, Killincho, in southern Peru
* $20 million debt facility put in place with Macquarie Bank




"Financial performance for the three months to June 30, 2010 was above expectations. Driven by above budget gold production at our Corihuarmi Gold Mine and a continuing strong gold price." stated Courtney Chamberlain Minera IRL Limited Executive Chairman. "The Pre-Feasibility Study at the Minapampa Zone, Ollachea Project in Peru and Feasibility Study on the Don Nicolas Project in Argentina are progressing well with two drill rigs carrying out in-fill drilling on each project. On the exploration front, we have completed a large airborne geophysical survey in Patagonia to better define and prioritize exploration targets including the new zone in Escondido. In Peru, early stage exploration commenced on the new Killincho Project."

This announcement is available from the Company's web site, www.minera-irl.com.

Minera IRL Limited is the AIM traded and TSX and BVL listed holding company of precious metals mining and exploration companies focused in Latin America. Minera IRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America. The Group operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru as well as the Don Nicolas Project in Argentina.

This press release was reviewed by Donald McIver, VP Exploration of the Company, MSc Exploration and Economic Geology, a Fellow of the Australian Institute of Mining and Metallurgy (AUSIMM), who is the designated Qualified Person for the purposes of National Instrument 43-101 and has approved the technical information in this press release.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law or regulation, Minera IRL Limited does not intend to update any forward-looking statements to conform these statements to actual results.


Chairman's Statement

A high level of activity continued within the Minera IRL Group during the June quarter of 2010. Excellent results were achieved from our Corihuarmi Gold Mine, good progress has been made on the Pre-Feasibility Study on the Ollachea Project and the Feasibility Study on the Don Nicolas Project and there have been encouraging results from exploration in Peru and Argentina.

The financial performance for the three months to 30 June 2010 was above expectations and an improvement on both the comparative second quarter of 2009 and the first quarter of 2010. Gold sales were a solid US$10.0 million on the back of a continuing strong gold price, with spot sales averaging US$1,201 per ounce. Gross profit was US$5.3 million and EBITDA US$3.9 million. Profit before tax was US$3.0 million and profit after tax was US$1.6 million. Each of these financial figures is significantly better than both the corresponding period in 2009 and the first quarter of 2010. The cash balance at the end of the quarter was US$6.6 million.

Our Corihuarmi Gold Mine continues to perform very well with gold production of 8,098 ounces, approximately 10% above budget, bringing production for the first six months to 15,169 ounces. Mining activities were largely concentrated on the Susan outcrop. Cash operating costs averaged US$365 per ounce for the quarter thus reducing the average cash operating costs for the first six months to US$396 per ounce.

At the Ollachea Project in southern Peru, the Pre-Feasibility Study has made excellent progress and remains on schedule for completion during the first half of 2011. Infill drilling in the core Minapampa Zone with 2 rigs continued throughout the period with 32 of the 40 holes completed to date. This drilling is required to raise the resource confidence level to Measured and Indicated categories compliant with NI43-101 standards. Progress was also made on other aspects of the Pre-Feasibility Study including planning for an exploration tunnel into the deposit, metallurgical test-work, geotechnical evaluations and information gathering for the environmental baseline report. Drilling will revert to the new Concurayoc discovery, approximately 500 meters west of the Minapampa Zone, when the infill program is completed.

In Patagonia, good progress has been made on the Don Nicolas Feasibility Study, due for completion in 2011. Two drill rigs completed the infill and stepout drilling in late July on the Sulfuro Vein, one of the two principal deposits at Don Nicolas. This is to be followed by infill drilling on the Martinetas deposit. Other aspects of the Study, such as more metallurgical testing, geotechnical studies and a hydrology program are in progress.

Exploration continued at a number of projects. In the large tenement package in the Deseado Massif in Patagonia, a 4,500 line kilometer helicopter-borne magnetic and radiometric survey has been undertaken to fine tune existing exploration targets and locate new ones. Highly encouraging rock chip analysis and geophysical anomalies have identified drill targets on the 700 meter long outcropping breccia zone at Escondido, contiguous to Mariana Resources Las Calandrias discovery. Scout drilling commenced at the end of July. Good progress was also made in better understanding the undrilled 1.3 kilometer vein at Pan de Azucar with further confirmatory elevated gold outcrop samples obtained. In addition, a 300 meter long, gold anomalous, breccia envelope has been identified around the southern portion of the vein.

Results of a 12 hole, 4,856 meter reverse circulation drilling program were announced in July 2010 for the Bethania porphyry gold project, which is situated approximately 10 kilometers from Corihuarmi. Extensive intersections of low grade gold, copper and molybdenum mineralization were identified in six of the holes which provide substantial encouragement to continue exploring this large alteration zone. A new exploration project in southern Peru, known as Killincho, was acquired, and exploration commenced within a known gold producing area.

The planned drilling was completed at the La Falda Project in Chile and targeted geophysical IP anomalies and auriferous banded quartz veins considered to be associated with a gold porphyry system. Encouraging gold mineralization was encountered deeper in a number of holes which may link to a substantial, largely untested magnetic anomaly. However, further testing is beyond the current funding capacity of Minera IRL. As a result, the agreement with Catalina Resources was extended to 30 September 2010 to allow time to seek another party for the next phase of exploration.

Following the successful listing of Minera IRL on the Canadian TSX in April 2010, the Company sought to issue a tranche of equity to generate liquidity in the Canadian markets and to bolster working capital. However, deteriorating market conditions resulted in the suspension of this process in favour of a US$20 million debt facility provided by Macquarie Bank. These funds are to be used to advance rapidly the Ollachea and Don Nicolas projects toward development.

In closing, I would like to extend my appreciation to our outstanding team and to our loyal shareholders. Together, I believe we continue to build toward a bright and prosperous future.

Courtney Chamberlain
Executive Chairman
Minera IRL Limited

The Directors of Minera IRL are listed in the Group's Annual report for the year ended 31 December 2009.

By order of the Board

C Chamberlain, Executive Chairman

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.

For more information, please contact
Minera IRL Limited
Trish Kent
Vice President, Corporate Relations
+511 4181230
or
Arbuthnot Securities (Nominated Adviser & Broker, London)
Hugh Field/Richard Johnson
+ 44 (0)20 7012 2000
or
The Equicom Group Inc. (Investor Relations, Canada)
James Kitchen
Account Executive
+1 416 815 0700 (ext 267)
or
Bankside Consultants (Financial PR, London)
Simon Rothschild
+ 44 (0)20 7367 8888
or
Bankside Consultants (Financial PR, London)
Louise Mason
+ 44 (0)20 7367 8888