Friday, October 12, 2012

Brigus Gold Corp. Announces Bought Deal Private Placement of Flow-Through Shares

Brigus Gold Corp.
TSX : BRD
NYSE MKT : BRD
NYSE Amex : BRD
October 11, 2012 16:28 ET

HALIFAX, NOVA SCOTIA--(Marketwire - Oct. 11, 2012) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Brigus Gold Corp. (TSX:BRD)(NYSE MKT:BRD)(NYSE Amex:BRD) ("Brigus" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Haywood Securities Inc., Fraser Mackenzie Limited, Primary Capital Inc., and Casimir Capital Ltd. (collectively the "Underwriters"), pursuant to which the Underwriters have agreed to act in connection with the offer and sale of 8,264,500 flow through shares ("Flow-Through Shares") of Brigus (the "Offering") on a private placement basis. The Flow-Through Shares shall be offered at a price of $1.21 per share (Ed note: Todays price $1.00) for aggregate gross proceeds of approximately $10.0 million.

The closing of the Offering is expected to occur on or about November 1, 2012 and is subject to the completion of formal documentation and receipt of regulatory approval, including the approval of the TSX.
The proceeds received by the Company from the sale of the Flow-Through Shares will be used to incur Canadian exploration expenditures that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the Corporation's properties in the Province of Ontario, which will be renounced to the subscribers with an effective date no later than December 31, 2012, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of Flow-Through Shares. The funds are intended to be used to explore areas within the Black Fox Complex in the Timmins Gold District of Ontario, Canada.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.

About Brigus Gold
Brigus is a growing Canadian gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox Mine and Mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine, the new Grey Fox property and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. The Black Fox Mine is in production and the Grey Fox Mine, located four kilometres from Black Fox is in development. Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects.

Cautionary Statements
Statements in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements reflect the Company's view with respect to future events (including completion of the Offering and the intended use of proceeds) and 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 these forward-looking statements include factors disclosed under the heading "Risk Factors" in Brigus Gold's most recent Annual Information Form and Management Discussion and Analysis filed under the Company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov and elsewhere in Brigus Gold's documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

Contact Information

Brigus Gold Corp.
Jennifer Nicholson, CA
Executive Vice President
(902) 442-7186
jnicholson@brigusgold.com

Brigus Gold Corp.
Kate Wood
Manager, Stakeholder Relations
(902) 442-7184
kwood@brigusgold.com

Thursday, October 11, 2012

San Gold Reports Record Q3 Gold Production of 27,084 oz

San Gold Corporation

TSX : SGR
OTCQX : SGRCF

October 11, 2012 07:00 ET

WINNIPEG, MANITOBA--(Marketwire - Oct. 11, 2012) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) today announced preliminary results of operations at its Rice Lake Mining Complex in Manitoba, Canada for the quarter ended September 30, 2012.
Q3 Production Highlights

Record gold production of 27,084 ounces.
Mill production of 191,105 tons.
Mine production of 143,949 tons.

Third Quarter 2012 Preliminary Operating Results
rSan Gold produced 27,084 ounces of gold in the third quarter, bringing year-to-date production to 67,487 ounces. The operation milled a record 191,105 tons in the quarter at an average daily throughput of 2,077 tons per day, a 53% increase over the third quarter of 2011. Mill recovery was 93.3%. Milled grade was 5.21 grams per tonne which is slightly below the previous quarter.

"The quarterly milled grade and mine production reflect a slight delay in extracting ore from our higher grade stoping blocks. However, the Company remains on track to achieve our guidance of 95,000 to 105,000 ounces of gold in 2012," said San Gold President and Chief Executive Officer George Pirie.

Underground mine operations remain focused on developing an extensive mining complex that will facilitate access to the down dip extensions of the L10 and 007 deposits from the 16 and 26 Levels of the Rice Lake shaft infrastructure. This will allow the company to increase the number of working stopes in the Rice Lake Mine Complex and will also provide an ore handling infrastructure utilizing the Rice Lake shaft for ore generated from the L10 and 007 deposits. The company completed 1,632 metres of lateral development and 276 metres of vertical development during the quarter. The Company also completed a raise bore to improve ventilation capacity for mining operations.

About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba, approximately 235 kilometres northeast of Winnipeg, Manitoba, Canada. The Rice Lake Project has a permitted, modern gold mill currently processing ore at a capacity of 2,500 tons per day, modern surface infrastructure including a licensed tailings management facility, and is connected to the Manitoba power grid system. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
For further information on San Gold, please visit www.sangold.ca.

Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking 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 the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such 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.

Contact Information

San Gold Corporation
George Pirie
President and CEO
Toll Free: 1 (855) 585-4653

San Gold Corporation
Manish Grigo
Director Investor Relations
Toll Free: 1 (855) 585-4653
info1@sangold.ca
www.sangold.ca

Wednesday, October 10, 2012

Canadian Junior Miners report higher production

Silver bars from the Dennis s.k collection (Photo credit: Wikipedia)

Trio of Canadian miners report higher production (Thomson Reuters)

Oct 10 (Reuters) - Canada's First Majestic Silver Corp reported a 29 percent jump in quarterly silver production, setting a company record, while production at two other Canadian miners, Great Panther Silver Ltd and Brigus Gold Corp, rose as well.

First Majestic said total silver production at its mines in Mexico reached about 2.2 million ounces in the third quarter, crossing the 2 million threshold for the first time in a single quarter. The Vancouver-based company expects to reach the 3 million mark over the next several quarters as it steps up production.

Great Panther Silver, another Vancouver-based silver miner, said silver production was up 8 percent at 371,857 ounces in the quarter, but it brought down its metal production forecast to 2.2 to 2.4 million equivalent silver ounces, from 2.5 to 2.75 million it had forecast earlier.

Halifax-based Brigus Gold Corp. (BRD-TSX) produced 19,526 ounces of gold in the third quarter, up 7 percent from the second quarter. The company also secured C$30 million in debt financing.

Brigus Gold Reports Q3 Production and Goldstream Repurchase

(bwire)

HALIFAX, Nova Scotia (Business Wire) -- Brigus Gold Corp. (BRD-TSX) (“Brigus” or the “Company”) produced 19,526 gold ounces in the third quarter of 2012 – an increase of 7 percent over second quarter production of 18,254 ounces.
The Company is also pleased to announce that it has secured $30 million in debt financing. $26.4 million of the debt proceeds will be used to repurchase 4 percent of the existing 12 percent goldstream with Sandstorm Gold Ltd. (“Sandstorm”). The debt financing was arranged by Casimir Capital and a finance structure fee is payable in exchange for Casimir's services.

Under the agreement with Sandstorm, the Company may repurchase up to 6 percent of the goldstream until January 1, 2013. Brigus will make a decision on the remaining 2 percent prior to the end of the year.
“We are pleased with the growth in gold production at Black Fox during the third quarter.” said Wade Dawe, Brigus' President and CEO. “Gold production continues to increase quarter over quarter as expected. Brigus' repurchase of the goldstream is an accretive transaction providing an immediate and advantageous increase in cash flow."

Production from the underground portion of the Black Fox mine is steadily increasing as crews develop and access larger ore zones at depth.

The open pit continues to perform as expected. Phase 3 overburden removal has commenced and production from Phase 3 is scheduled to begin in 2013.

The mill processed 190,879 tonnes of ore at an average grade of 3.34 grams of gold per tonne and an average recovery of 95.1 percent in the quarter. Throughput averaged 2,075 tonnes per day.

	Ounces Produced	Average Grade
Q1	16,922	3.04
Q2	18,254	3.30
Q3	19,526	3.34
Total	54,702	3.23

OUTLOOK
Brigus continues to forecast full year gold production of 77,000 to 85,000 ounces for 2012:

2012	Low	High	Actual
Q1	15,500	17,000	16,922
Q2	18,000	21,000	18,254
Q3	21,500	23,000	19,526
Q4	22,000	24,000
Total	77,000	85,000

Cash costs are targeted at $775-$825 per ounce for the year, declining to approximately $700 per ounce by the end of 2012.

About Brigus Gold
Brigus is a growing Canadian gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox Mine and Mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine, the new Grey Fox property and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. The Black Fox Mine is in production and the Grey Fox Mine, located four kilometres from Black Fox is in development. Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects.

Cautionary and Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the ability of the Company to achieve its production, total cash costs, steady state annual production and mining rate estimates; estimated average gold grades for the open pit and underground operations; increase in gold production; increase in profitability; exploration drill results and resource additions, are forward-looking statements and estimates that involve various risks and uncertainties. This forward-looking statements include, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the outcome of legal proceedings, the issue of permits, the size and quality of the Company's mineral resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, and the financial results of the Company.
Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading “Risk Factors” in Brigus' most recent Annual Information Form and Management Discussion and Analysis filed under the Company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov as well as elsewhere in Brigus' documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex Equities, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

Brigus Gold
Jennifer Nicholson, CA, 902-442-7186
Executive Vice President
jnicholson@brigusgold.com
or
Kate Wood, 902-442-7184
Manager, Stakeholder Relations
kwood@brigusgold.com

Wednesday, October 3, 2012

International Lithium Corp. Options Blackstairs Project and Arranges Loan with Strategic Partner, Jiangxi Ganfeng Lithium Co. Ltd.

VANCOUVER, British Columbia, Oct. 2, 2012 /PRNewswire/ -- International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) is pleased to announce that, further to its news release on July 30, 2012, the Company has signed a formal option agreement (the "Option Agreement") with GFL International Co. Ltd ("GFL"), an investment company wholly owned by Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium"), to earn up to a 100% interest in ILC's Blackstairs project (the "Blackstairs Project") in Ireland.
Under the terms of the Option Agreement:
GFL can earn a 51% interest (the "First Option") in the Blackstairs Project by:

incurring a minimum of $300,000 in exploration expenditures within 18 months of signing the Option Agreement (the "Effective Date"); and
paying ILC an aggregate of $500,000 in cash within one year from the Effective Date - $25,000 on the Effective Date and $475,000 on the first anniversary of the Effective Date.

GFL can earn an additional 24% interest (the "Second Option") in the Blackstairs Project by incurring up to an additional $10,000,000 in exploration expenditures or producing a positive Feasibility Study no later than 10 years from the Effective Date.
At any time during 6 months from the Effective Date, GFL can acquire a 100% interest in the Blackstairs Project by:

paying ILC an aggregate of $2,000,000 in cash - $400,000 within 6 months of the Effective Date and $1,600,000 on the date ILC's 100% interest in the Blackstairs Project has been transferred to GFL or a nominee of GFL; and
granting ILC a 2% net smelter royalty on the Blackstairs Project.

"This joint venture with Ganfeng Lithium will help to advance our highly prospective Blackstairs Lithium project in Ireland. It also allows for ILC to build a stronger working relationship with Ganfeng Lithium on a more diverse portfolio of exploration projects. We are confident that ILC will succeed in providing our strategic partners with a source for their operations, benefiting both companies' future growth and value." Kirill Klip, President, International Lithium Corp.
In addition to the "Option Agreement", GFL has signed a formal loan agreement (the "Loan Agreement") to lend ILC a total of $2,000,000 (the "Loan") to advance the Company's Mariana Lithium-Potassium Brine project in Argentina and for general corporate purposes.
Ganfeng Lithium will advance ILC $1,000,000 (the "First Advance") on or before October 12, 2012 with the second $1,000,000 to be advanced on or before October 31, 2012. The First Advance is convertible into common shares of the Company at a price of $0.08 per common share, during the first year of the Loan Agreement, and at a price of $0.10 per common share, during the second year of the Loan Agreement. ILC will pay interest on the outstanding amount of the Loan at 10% per annum, payable quarterly.
Both the Option Agreement and the Loan Agreement are subject to approval by the Chinese Securities Regulatory and Exchange Commission, the TSX Venture Exchange and may also be subject to other Canadian regulatory approvals.
"With these agreements in hand, ILC can accelerate its operations and concentrate on the exploration and development of its Mariana Brine project in Argentina. Along with significant lithium content, this intriguing project contains some of the highest reported potassium grades from a salar in the country. ILC will seek to engage a strategic fertilizer producer to partner in the development of this potential potassium resource. As demonstrated with the lithium, the Company is dedicated to advancing its mineral properties with well-seasoned, supportive strategic partners." states Kirill Klip, President, International Lithium Corp.
"These transactions are in line with Ganfeng Lithium's long term goal to secure the raw material supply to meet the potential future demand on Lithium products" states Xiaoshen Wang, VP executive of Ganfeng Lithium.
In other business, due to current market conditions, Metron Capital Corp. has decided to terminate its option agreement on the Company's Forgan Lake property.
About Ganfeng Lithium Co. Ltd.
Ganfeng Lithium based in Xinyu, Jiangxi Province, China, is a professional producer of lithium products which has developed a comprehensive product chain, including lithium metal and alloys, inorganic and organic lithium chemicals, supplies a wide range of lithium products for primary and secondary lithium battery market, pharmaceutical and new material industries. Ganfeng Lithium's principal market is in China with international exports to Europe, Japan, the USA and India. Ganfeng Lithium was founded in the 2000 and listed on the Shenzhen Stock Exchange in August 2010, notably as the first publicly listed lithium company in China and has experienced rapid continuous growth over the last 11 years.
About the Blackstairs Project
The Blackstairs Project, comprised of eight mineral exploration licences totalling 292 square kilometres, is located 80 kilometres south of Dublin straddling the Counties of Carlow and Wicklow in Leinster, south-east Ireland. The Blackstairs Project encompasses an extensive NE-SW oriented 50 kilometre long rare metals pegmatite belt situated within the East Carlow Deformation Zone along the eastern side of the Leinster Granite. Approximately 19 significant lithium pegmatite occurrences have been discovered within the Blackstairs Project to date primarily as boulder trails with five buried pegmatites known through past trenching and drilling.
Due to the prevalent overburden cover and scarcity of outcrop, prospecting for lithium pegmatite boulders was the most successful exploration method utilised to identify priority target areas. The Aclare House occurrence, situated in the center of the Blackstairs Project was initially discovered through this exploration approach.
A pre-National Instrument 43-101 Standards of Disclosure for Minera Projectsl ("NI 43-101") historical resource of 570,000 tonnes grading 1.5% Li2O was reported at Aclare House. (A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources, the Company is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.)
Other drilling highlights include 1.85% Li2O over 5.3 metres at Stranakelly and 1.66% Li2O over 9.4 metres at Moylisha.
The observed lithium bearing pegmatites and extensive boulder occurrences within the Blackstairs Project represent a highly prospective and underexplored region. In addition, the recent discovery of a high concentration of pegmatite boulders reporting grades exceeding 4% Li2O at Moylisha only serve to highlight the exploration potential of the Blackstairs Project.
John Harrop, P.Geo, is the Company's Qualified Person on the Blackstairs Project as required under NI 43-101 and has reviewed the technical information contained in this press release.
About International Lithium Corp.International Lithium Corp. is an exploration company with a focused portfolio of projects. A strong management team with personal ownership in the company compliments robust financial support from key stakeholders. A leading China based lithium product manufacturer, Jiangxi Ganfeng Lithium Co. Ltd., is a strategic partner and keystone investor in ILC.,. The Company currently has 9 active rare metals projects, including lithium-potash brines in Argentina and Nevada, and hard-rock pegmatites in Canada and Ireland.
The Company's primary focus is the Mariana lithium-potash brine project. Mariana is located in the renowned South American 'Lithium Belt' centred on the junction of Argentina, Bolivia and Chile that is host to the vast majority of global lithium resources, reserves and production. Mariana consists of a salar or 'salt lake' covering 160 square kilometres. The project strategically encompasses the entire mineral rich basin. The Mariana lithium-potash brine project ranks as one of the more prospective salars in the region.
Complementing the Company's lithium brine projects are rare metals pegmatite properties in Canada and Ireland. Despite the excellent accessibility of these hard-rock rare metals projects, there is limited past exploration and geochemical sampling for rare metals. There is a clear potential for exploration success and added value here as the Company strives to source rare metals to help meet the increasing demand through the growth in global technologies that utilize the rare metals suite of elements.
ILC's mandate is to increase shareholder value through aggressive advancement of its core projects and to source joint venture partners to expand the scope and diversify risk of its exploration effort.
On behalf of the Board of Directors,
Kirill KlipPresident, International Lithium Corp.
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. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
620 - 650 West Georgia StreetVancouver, British ColumbiaV6B 4N9, Canada Voice: (604) 687-7551Fax: (604) 687-4670 1-800-667-4470E-mail: info@internationallithium.com
SOURCE International Lithium Corp.

Monday, October 1, 2012

US Department of Defense Contracts With Ucore for Metallurgical & SPE Studies

(ccnm)

HALIFAX, NOVA SCOTIA--(Marketwire - Oct. 1, 2012) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to announce that the United States Department of Defense (DOD) has contracted with Ucore via the Company's US operating subsidiary Landmark Alaska L.P. to conduct a mineralogical and metallurgical study on the Company's Bokan Mountain heavy REE property in Southeast Alaska. The program, to be managed by DOD under the Defense Logistics Agency (DLA) will focus on possible development of Bokan Mountain, America's largest NI 43-101 compliant heavy rare earth resource, to meet the requirements of the Department of Defense for an ongoing supply of critical heavy REE's. Under the agreement, Ucore will provide DOD with the most up-to-date data on the Bokan project's mineralogy and proprietary bench and pilot scale Solid Phase Extraction (SPE) nanotechnology research.

According to a March 2012 report from DOD, yttrium, terbium, and dysprosium are all considered to be "critical to the production, sustainment, or operation of significant United States military equipment," as well as "subject to interruption of supply, based on actions or events outside the control of the government of the United States." Yttrium, in particular, was shown to be in deficit when considering projected future domestic supply.

This announcement demonstrates strong interest by the U.S. Government in domestic mining and production of rare earth elements to support the heavy rare earth requirements of DOD. Bokan Mountain is the richest domestic source of three heavy rare earth elements -dysprosium, terbium, and yttrium - which are critical to several advanced weapon systems, such as stealth helicopters and precision-guided weapons. Currently, all of the world's commercially-available heavy rare earth elements are produced in China. Ongoing production and export quotas have limited the availability of these materials to global markets.

"The United States does not yet have the capability to produce three of the heavy rare earths that occur naturally and in abundance in Bokan Mountain," said Jim McKenzie, President and CEO of Ucore. "The Department of Defense's investment in the Bokan deposit and Ucore's proprietary SPE technology represents a significant step toward recapturing the rare earths technological lead surrendered to China decades ago. What's more, the DOD relationship adds a great deal of credibility to Ucore's domestic supply chain development, representing one of the largest purchasing capabilities amongst prospective customers worldwide."

About Ucore Rare Metals Inc.
Ucore Rare Metals Inc. is a well-funded development-phase mining company focused on establishing rare metal resources with near term production potential. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson Ridge REE property in Alaska. The Bokan - Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in developing near term production facilities and limiting the capital costs associated with mine construction.

The Bokan property is particularly enriched with heavy rare earth elements, including the critical elements Dysprosium, Terbium and Yttrium. Approximately 40% (by weight) of the rare earth elements contained on the Dotson Ridge property are heavy rare earths elements, as disclosed in the Company's NI43-101 compliant resource estimate, released in March of 2011.

Jim McKenzie, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Jim McKenzie
Ucore Rare Metals Inc.
President and Chief Executive Officer
(902) 482-5214
www.ucore.com

Thursday, September 27, 2012

TNR Gold Extends Mineralized Zones At Shotgun With 209 Metres Of 1.02 g/t Gold

(prnews)

VANCOUVER, British Columbia, Sept. 27, 2012 /PRNewswire/ -- TNR Gold Corp. (the "Company") (TSX-TNR) is pleased to announce assay results from the second hole of the 2012 drilling program on the Shotgun gold project in Alaska. Drill hole SR12-57 returned 209 metres averaging 1.02 grams per tonne gold across the full length of the targeted porphyry system. These results include several higher-grade intercepts that confirm the Company's model of mineralization where elevated gold values occur in repeating structural features through the Shotgun Ridge area.

Drill hole SR12-57 returns mineralized interval of 209 metres averaging 1.02 grams per tonne gold.
Included within this interval is 61.4m averaging 1.53 g/t Au.
Combined with SR12-56 (containing a 242m interval with 1.25 grams per tonne gold), the gold mineralization model at Shotgun Ridge is confirmed along strike and down dip.
Drill hole SR12-57 ended in mineralization at a down hole depth of 300 metres (approximately 150m below the topographic surface).

Drilling Results
Diamond drill hole SR12-57 was drilled at the same orientation as SR06-43, approximately 35m to the southwest (SR06-43 was previously reported to contain 210 metres averaging 1.3 g/t Au). SR12-57 was one of three drill holes drilled in 2012 to test continuation of the mineralized zones encountered in 06-43 along strike and to depth. 12-57 is the first drill hole in a fence below 06-43 and together enhances the Company's understanding of the controls on gold mineralization at Shotgun Ridge.

Three zones are identified by more intense brecciation and increased gold grades within the porphyritic intrusive and correlate well between all 2012 drill holes. These new results, combined with those previously released for SR12-56, significantly reinforce confidence in the specific orientation of the higher-grade southwest dipping mineralized zones and provide a basis for future drill targeting. The strongest mineralization encountered in hole SR12-57 is coincident with interpreted geophysical anomalies. The hole, drilled at a 45 degree angle down the side of the ridge, ended in mineralization at a down hole depth of 300m which is approximately 150m below the topographic surface.

	From	To	Width	Au g/t
Entire intrusive	91.00	300.00	209.00	1.02

including (SW-zone)	91.00	148.00	57.00	1.24
which includes	91.00	131.00	40.00	1.49

including (NE-zone)	170.45	300.00	128.60	1.04
which includes	220.00	281.40	61.40	1.53
containing	244.00	276.00	32.00	1.72

Cross section and plan map images showing SR12-57 and SR06-43 are available on the Company's website http://www.tnrgoldcorp.com/i/pdf/TNR_Shotgun_MAY2012_Public.pdf or to view the latest summary video of this news release please select the following TNR_VitralNetworkNews

Drill targeting was aided by geophysical surveys conducted in 2011. The IP/Resistivity surveys were successful in identifying the position of important, mineralization controlling structures and contacts. The geophysical surveys were expanded in 2012. The Company believes that the new drill results confirm the orientation of these key structures and the correlation with geophysical anomalies provide a clear targeting method for continued drill programs and future resource delineation.

"We are encouraged by the uniformity of gold grades across the reported intersections and that the averages are not supported by narrow, high grade intervals. The results build on the success of the 2011 geophysical surveys, and establish an exploration method that can locate buried targets at the Shotgun property. This is a key step in being able to apply geophysical results from 2012 to planning for the next season of exploration," comments John Harrop, VP Exploration

"The positive results from this year's drilling have significantly elevated the projects' potential and is a major turning point in the exploration at Shotgun Ridge. A previous interpretation of the mineralization at Shotgun showed limited room for expansion. Confirmation of our new model greatly increases the size potential of Shotgun and opens up a number of new zones that will be tested next season," Gary Schellenberg, President and Executive Chairman."

About the Shotgun Gold Project
TNR holds a 100% interest in the Shotgun property located 175 kilometres south of Donlin Creek within the Kuskokwim Gold Belt in southwestern Alaska. This area is emerging as a world-class, multimillion ounce gold district. The Shotgun property includes a number of prospects, including Shotgun Ridge and nearby Winchester. Donlin is an intrusion-associated system and represents one of the largest undeveloped gold deposits in the world. The Company believes that there are several key similarities between prospects on the Shotgun property and that of the Donlin Creek gold deposit as well as other important intrusion-associated deposits.

Analytical work was conducted by Inspectorate (A Bureau Veritas Group Company) with prep work performed in their Fairbanks Alaska facility. Fire assay with ICP-ES finishing was conducted by Acme Analytical laboratories (A Bureau Veritas Group Company) in Vancouver, Canada. Samples with greater than 10 g/t Au were automatically reanalysed using fire assay with a gravimetric finish. Both of these laboratories are ISO 9000 certified and in addition Acme has ISO 17025 certification. TNR Gold inserts certified reference materials and blanks in a quality control procedure that follow industry current best practices.

John Harrop, PGeo, FGS, a Qualified Person for TNR Gold Corp. as defined by NI 43-101 has reviewed the technical information contained in this report.

About TNR Gold Corp.
Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.

TNR's recently listed subsidiary, International Lithium Corp. (TSX:ILC.V), demonstrated the successful application of TNR's business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects. Gangeng Lithium Co. Ltd. Is a leading China based, multi-product lithium manufacturer, and strategic partner and investor in ILC. TNR remains a large shareholder in ILC at 25.5% of outstanding shares.

At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR's commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value.

On behalf of the board,Gary SchellenbergPresident

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. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Symbol: TNR:TSXVCUSIP: #87260X 109SEC 12g3-2(b): Exemption #82-4434
620 - 650 West Georgia StreetVancouver, British ColumbiaV6B 4N9, Canada Voice: (604) 687-7551Fax: (604) 687-4670 1-800-667-4470E-mail: info@tnrgoldcorp.comWebsite: http://www.tnrgoldcorp.com

SOURCE TNR Gold Corp.

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