McEwen Mining's Los Azules Copper Project Continues to Grow!

McEwen Mining Inc.

NYSE : MUX
TSX : MUX

May 15, 2013 08:15 ET

TORONTO, ONTARIO--(Marketwired - May 15, 2013) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce an updated, Canadian National Instrument 43-101 compliant ("NI 43-101") mineral resource estimate for its 100% owned Los Azules Copper Project in San Juan Province, Argentina. Key developments include the successful conversion of inferred resources into the indicated category while increasing the size of the resource. The resource remains open along strike, to depth, and laterally.

Los Azules ranks as one of the world's largest, undeveloped, high-grade, open pit copper projects, and appears to have significant growth potential.

Table 1. Los Azules Copper Project - Comparison of Previous and Current Mineral Resource Estimates

		June 2012 Resource Estimate Update						May 2013 Resource Estimate Update						% Change
Cut-off Grade (Cu%)		Tonnage (million tonnes)		Cu Grade (%)		Cu lbs (billions)		Tonnage (million tonnes)		Cu Grade (%)		Cu lbs (billions)		Contained Cu lbs
Indicated Resource
0.35		323		0.65		4.6		389		0.63		5.4		+17%
Inferred Resource
0.35		948		0.52		10.8		1,397		0.46		14.3		+32%
*Details for gold and silver resources are included in Table 2.

"This Resource Estimate Update marks the completion of our most successful drilling season at Los Azules. We discovered a new parallel zone to the west and significantly increased the Indicated Resource and Inferred Resource Estimates. Congratulations are in order to our exploration team in Argentina who set a record for the number of pounds discovered at Los Azules in one drill season," stated Rob McEwen, Chief Owner.
This season's exploration effort focused on expanding the resource base. A total of 15,800 meters of drilling was completed which produced a 17% increase in contained copper in the Indicated Resource category, to 5.4 billion lbs of copper and a 32% increase in contained copper in the Inferred Resource category, to 14.3 billion lbs of copper, since the June 2012 estimate of mineral resources. On February 5, 2013, we released an interim, mid-season resource update (to view click here). Table 1 shows a comparison of the new (May 2013) resource with the resource estimated at the end of last year's drilling program (June 2012).
This updated resource estimate will form the basis of a new Preliminary Economic Assessment (PEA), which is expected to be completed in the third quarter of 2013. This PEA will evaluate the possibility of: (1) increasing the daily throughput; (2) producing copper cathode instead of a concentrate and (3) processing low-grade mineralized material not previously considered, via a heap leach.
The advantages of being able to produce a copper cathode rather than a copper concentrate is two fold: First, it would eliminate the capital intensive, concentrate pipeline through Chile; and second, it would reduce the applicable export tax by 50%.
About Los Azules
Los Azules is a large undeveloped copper porphyry system located in western San Juan Province within a belt of porphyry copper deposits that straddles the Chilean/Argentine border. This belt contains some of the world's largest copper deposits, including Codelco's El Teniente and Andina mines, Anglo American's Los Bronces mine, Antofagasta PLC's Los Pelambres mine and Xstrata's El Pachón project, among others. Los Azules is one of the world's largest, highest grade, undeveloped copper-porphyry deposits not owned by a major base metals company.
Table 2. Los Azules Mineral Resource Estimate
In order to exhibit reasonable prospects for economic viability, the mineral resource estimate has been contained within a conceptual open pit shell generated using general technical and economic parameters that are defined at the end of this news release. For comparison purposes, resources are listed at a series of cut-off grades in Table 2. The Base Case cut-off grade of 0.35% Cu is highlighted in the table below.

Cut-off Grade (Cu%)		Tonnage (million tonnes)		Cu Grade (%)		Cu lbs (billions)		Au Grade (grams per tonne)		Au Oz (millions)		Ag Grade (grams per tonne)		Ag Oz (millions)
Indicated Resource
0.15		627		0.49		6.74		0.06		1.13		1.7		34.9
0.20		584		0.51		6.57		0.06		1.08		1.8		32.8
0.25		523		0.54		6.27		0.06		1.02		1.8		29.7
0.30		450		0.59		5.83		0.06		0.92		1.8		25.9
0.35		389		0.63		5.39		0.07		0.84		1.8		22.9
0.40		338		0.67		4.97		0.07		0.76		1.9		20.2
0.45		293		0.70		4.55		0.07		0.68		1.9		17.7
0.50		253		0.74		4.13		0.07		0.60		1.9		15.5
0.55		217		0.78		3.72		0.07		0.52		1.9		13.4
0.60		184		0.81		3.29		0.08		0.45		1.9		11.3
0.65		151		0.85		2.84		0.08		0.38		1.9		9.2
0.70		120		0.90		2.38		0.08		0.30		1.9		7.2
Inferred Resource
0.15		4,141		0.32		29.47		0.05		6.02		1.6		214.3
0.20		3,583		0.35		27.32		0.05		5.43		1.7		190.1
0.25		2,785		0.38		23.36		0.05		4.46		1.7		154.9
0.30		2,016		0.42		18.72		0.05		3.46		1.8		118.0
0.35		1,397		0.46		14.30		0.06		2.58		1.9		85.8
0.40		910		0.51		10.30		0.06		1.79		2.0		58.5
0.45		576		0.57		7.18		0.06		1.20		2.1		38.1
0.50		360		0.62		4.93		0.07		0.79		2.1		24.1
0.55		233		0.68		3.47		0.07		0.54		2.1		15.8
0.60		157		0.73		2.52		0.08		0.39		2.1		10.8
0.65		110		0.77		1.87		0.08		0.28		2.2		7.7
0.70		76		0.81		1.36		0.08		0.20		2.2		5.5
* "Tonnes" is stated in metric and is equivalent to 2205 lbs.
** Estimated contained metal values may be subject to rounding errors.

Details on the parameters of the resource estimate are as follows:

• The resource estimate is based on data from 185 drill holes comprising a total length of 59,518 meters of drilling completed to the end of March 2013.
  
  
• There were a total of 27,688 individual samples selected for analysis. The samples were collected and analyzed in accordance with industry standards. Splits from the drill core samples were submitted to either Alex Stewart in Mendoza or ALS Chemex or ACME in Santiago, Chile for fire assay and ICP analysis. Accuracy of results is tested through the systematic inclusion of standards, blanks and check assays.
  
  
• The May 2013 mineral resource estimate for the Los Azules Copper Project was prepared under the direction of Robert Sim P.Geo. of SIM Geological Inc. The mineral resource estimate uses drill hole sample assay results and the interpretation of a geologic model that relates to the spatial distribution of copper in the deposit. Interpolation characteristics were defined based on the geology, drill hole spacing and geostatistical analysis of the data. Block grade estimates were done using Ordinary Kriging (OK) with a nominal block size measuring 20 meters long, 20 meters wide and 15 meters high. Resources are classified according to their proximity to sample data locations and are reported, as required under NI 43-101, according to the CIM Definition Standards for Mineral Resources and Mineral Reserves.
  
  
• Mineral resources, which are not mineral reserves, do not have demonstrated economic viability.
  
  
• The quantity and grade of reported Inferred resources are uncertain in nature and there has been insufficient exploration to classify these inferred resources as Indicated or Measured, and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured category.
  
  
• As required under NI 43-101, reasonable prospects for economic viability of the mineral resources has been exhibited by the application of a resource limiting pit shell built about copper grades in the model using a projected metal price of US$2.75 per lb. Cu, mining costs of US$1.00 per tonne, milling and G&A costs of US$4.25 per tonne, 100% recoveries and an average pit slope of 34 degrees.
  
  

About McEwen Mining (www.mcewenmining.com)
The goal of McEwen Mining is to qualify for inclusion in the S&P 500 by creating a profitable, mid-tier gold producer focused in the Americas. McEwen Mining's principal assets consist of the San José Mine in Santa Cruz, Argentina (49% interest); the El Gallo Complex in Sinaloa, Mexico; the Gold Bar Project in Nevada, US and the Los Azules Project in San Juan, Argentina.
McEwen Mining has 297 million (common + exchangeable) shares issued and outstanding. Rob McEwen, Chairman, President and Chief Owner, owns approximately 25% of the shares of the Company. As of April 29, 2013, McEwen Mining had cash and liquid assets of approximately US$50 million, remains debt free, and is listed on the New York and Toronto stock exchanges.
Technical Information
Robert Sim, P.Geo., a Qualified Person and independent of McEwen Mining as defined by National Instrument 43-101 ("NI 43-101") has reviewed and approved the technical content of this news release related to the mineral resource estimate presented herein. Bruce Davis, PhD, FAusIMM, who is a Qualified Person and independent of McEwen Mining, as defined by NI 43-101 and responsible for the quality control for the assaying of the Los Azules drill core has reviewed the assay quality control information. All samples were collected in accordance with industry standards. Splits from the drill core samples were submitted to the ACME sample preparation laboratory in Mendoza, Argentina, and then transferred to ACME's laboratory in Santiago, Chile for fire assay and ICP analysis. Accuracy of results is tested through the systematic inclusion of standards, blanks and check assays. The mineral resource estimate referenced in this press release was prepared in April and May 2013 by Robert Sim, P.Geo. and Bruce Davis, PhD, FAusIMM.
For additional information about June 2012 resource estimate and the Los Azules project generally see the Technical Report titled "Los Azules Porphyry Copper Project, San Juan Province, Argentina" dated August 1, 2012, with an effective date of June 15, 2012, prepared by D. Ernest Winkler, P.Eng., Robert Sim, P.Geo., Bruce Davis, PhD, FAusIMM and James K. Duff, P.Geo., all of whom are qualified persons and all of whom are independent of McEwen Mining, each as defined by NI 43-101. The foregoing report is available under the Corporation's profile on SEDAR (www.sedar.com).
Cautionary Note to U.S. Investors
McEwen Mining reports its resource estimates in accordance with standards of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in Canadian National Instrument 43-101 ("NI 43-101"). These standards are different from the standards generally permitted in reports filed with the SEC. Under NI 43-101, McEwen Mining reports measured, indicated and inferred resources, measurements which are generally not permitted in filings made with the SEC. According to Canadian NI 43-101 criteria, the estimation of measured resources and indicated resources involve greater uncertainty as to their economic feasibility than the estimation of proven and probable reserves. Under SEC Industry Guide 7 criteria, measured, indicated and inferred resources are considered Mineralized Material. The SEC considers that in addition to greater uncertainty as to the economic feasibility of Mineralized Material compared to proven and probable reserves, there is also greater uncertainty as to the existence of Mineralized Material. U.S. investors are cautioned not to assume that measured or indicated resources will be converted into economically mineable 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.
Caution Concerning Forward-Looking Statements
This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2012 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement.

The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management of McEwen Mining Inc.

Contact Information

• 
  
  McEwen Mining Inc.
  Jenya Meshcheryakova
  Investor Relations
  (647) 258-0395 ext 410 or Toll Free: (866) 441-0690
  (647) 258-0408 (FAX)
  
  McEwen Mining Inc.
  Mailing Address
  181 Bay Street Suite 4750
  Toronto, ON M5J 2T3
  PO box 792
  info@mcewenmining.com
  
  McEwen Mining Inc.
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  Twitter: www.twitter.com/mcewenmining
  Store: www.mcewenmining.com/store

Great Panther Silver Appoints New Director and Strengthens Senior Management Team in Mexico

Great Panther Silver Limited

TSX : GPR
NYSE MKT : GPL

May 14, 2013 08:00 ET

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 14, 2013) - GREAT PANTHER SILVER LIMITED (TSX:GPR)(NYSE MKT:GPL) ("Great Panther"; the "Company") today announced the appointment of Mr. Geoff Chater to its Board of Directors, effective immediately, and the recent addition of two senior personnel to the management team in Mexico.

Mr. Chater holds a B.Sc. in Geology and has more than 24 years of experience in the mineral and mining industries operating in North America, South America and Africa. He is the principal of Namron Advisors, a consultancy that provides corporate strategy, transaction related business development and capital markets relationship development, financing and communications advice. Recently he served as President of Valley High Ventures Ltd., and from 1999 to 2008, he was Manager of Corporate Relations for First Quantum Minerals Ltd. Prior to joining First Quantum he held positions with Nevada Pacific Gold Ltd., Eldorado Gold Corporation, Ivanhoe Capital Corporation, Fairbanks Gold Ltd. and Cornucopia Resources Ltd. He is currently a Director of Bearing Resources Ltd., Kiska Metals Ltd., Lara Exploration Ltd., Luna Gold Corp. and Reservoir Minerals Inc.

Recently joining the Great Panther Senior Management Team in Mexico is Mr. Juan Manuel Flores, Vice President, Operations and Mr. Cesar Epifanio, Vice President, Safety, Health and Environment (SH&E). Both executives are based in Guanajuato. Mr. Flores has over 35 years of industry experience and holds a B.Sc. in Mining and Metallurgical Engineering and a Master of Science, Mineral Economics. Mr. Epifanio has a long history of success in SH&E with multi-national companies and holds a degree in Industrial Engineering with an additional degree in Health and Safety. Great Panther's Mexican subsidiary was recently awarded the distinction as a "Socially Responsible Company" by CEMEFI (Centro Mexicano para la Filantropia), for a third consecutive year and is committed to maintaining this status.
Mr. Chater's addition to the Board will provide increased depth in the mining industry with particular emphasis on the capital markets sector. Mr. Flores and Mr. Epifanio have already strengthened the in-country management team that oversees Great Panther's existing operations and will take San Ignacio into production next year in a socially and environmentally responsible fashion with safety of our personnel as our number one priority.

ABOUT GREAT PANTHER
Great Panther Silver Limited is a profitable, primary silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE MKT trading under the symbol GPL. The Company's current activities are focused on the mining of precious metals from its two wholly-owned operating mines in Mexico, Topia and Guanajuato. Great Panther is also in the process of developing its San Ignacio Project and has two exploration projects, El Horcon and Santa Rosa. The Company is also pursuing additional mining opportunities within Latin America, with the goal of adding to its portfolio of mineral properties.
For further information, please visit the Company's website at www.greatpanther.com.

Contact Information

Great Panther Silver Limited
Robert Archer
Chief Executive Officer
1-888-355-1766

Great Panther Silver Limited
Rhonda Bennetto
Vice President Corporate Communications
1-888-355-1766
info@greatpanther.com
www.greatpanther.com

Lithium Patents - Western Lithium Receives USA Patent for Lithium Extraction Process

Western Lithium USA Corporation

TSX :WLC
OTCQX : WLCDF

May 09, 2013 09:30 ET

RENO, NEVADA--(Marketwired - May 9, 2013) - Western Lithium USA Corporation (the "Company") (TSX:WLC)(OTCQX:WLCDF) is pleased to announce that it has been awarded a Patent from the United States Government (US 8,431,005) for its lithium extraction process that was filed in June 2011. The invention relates to the separation of lithium and potassium compounds from lithium-containing materials, primarily ores such as hectorite and other lithium-rich clays. The process is summarized in Western Lithium's NI 43-101 compliant Pre-Feasibility Study that was filed on SEDAR in January 2012. The Pre-feasibility Study demonstrated a pre-tax net present value of US$552 million with an internal rate of return of 24% at an 8% discount rate. The Company believes that the patent will help to protect the intellectual property that has been developed by the Company through comprehensive engineering and pilot testing over the past several years.

A lithium demonstration plant is the next step to determine operating parameters that are commercially scalable to support the detailed design of a lithium production facility. The Company recently engaged an engineering design firm based in Denver, USA to assist in the design of the demonstration plant. The Company is also seeking technical partners and equipment manufacturers to participate in building and operating the demonstration plant. The Company has received US$11 million from first tranche of the Royalty Financing (see the Company's news release dated February 6, 2013), of which US$1 million is allocated to advance the lithium demonstration plant design. A further US$9 million second tranche of the Royalty Financing will be funded to build the demonstration plant, once certain regulatory milestones are achieved in Nevada.

Update on Hectatone™ Organoclay for Oilfield Applications
In the near term, the Company has focused its attention on developing a product line of Hectatone™ organoclay drilling products to sell into the oil and gas drilling markets. Hectatone™ is a thermally stable drilling mud additive that can be used under high pressure and high temperature (HPHT) environments. HPHT environments are encountered for certain shale and deep offshore oil and gas deposits. 

During the next week, the Company expects to place its first order for major lead-time equipment items to construct the planned 10,000 ton per year organoclay facility in Nevada. The construction of the organoclay plant is expected to be complete and ready for commissioning in early 2014. The Company recently completed pilot scale Hectatone™ production at facilities in North Carolina and St Louis during the month of April to test and refine product performance in diesel and mineral oil.

Qualified Person
Disclosure of a scientific or technical nature in this news release has been reviewed and approved by Dennis Bryan, who is considered a Qualified Person under the terms of National Instrument 43-101.
Western Lithium is pursuing the opportunity to be a supplier of specialty drilling additive, hectorite clay for the oil and gas industry, and in particular, to support the growth of high pressure high temperature, deep directional drilling applications. The Company is also developing its Kings Valley, Nevada lithium deposit into a strategic, scalable and reliable source of high quality lithium carbonate. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium carbonate that is expected from the increased use of hybrid/electric vehicles.
Cautionary Note Regarding Forward-Looking Statements and Information: Certain disclosure in this release constitutes forward-looking statements and information. When used in this release, the words "will", "believes" and "expected" or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this release include, among others, the completion of the second tranche funding of the Royalty Financing and the construction and commissioning of the organoclay facility, together with the requisitioning of equipment relating thereto. Such statements and information involve the application of certain factors and assumptions by the Company that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements and information. Such risk factors include, among others, that actual results of the Company's development activities will be different than those expected by management, that the Company will be unable to obtain or will experience delays in obtaining any required government approvals, that the Company will be unable to meet all conditions required for funding under the Royalty Financing, the ability to procure required infrastructure, equipment and supplies in sufficient quantities and on a timely basis and the conditions of the markets generally. Readers are cautioned not to place undue reliance on forward-looking statements and information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise, except as required by law.

The TSX has neither approved nor disapproved of the contents of this press release. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

Western Lithium USA Corporation
Investor Relations
604-681-3071
info@westernlithium.com
www.westernlithium.com

Brigus Gold Drills Deepest High Grade Intersection to Date at Grey Fox

 May 2013 by Business Wire Brigus Gold Corp. ("Brigus" or the "Company") (NYSE MKT: BRD; TSX: BRD) is pleased to report additional results from its ongoing drill program at the 147 Zone on the Grey Fox property. Results from this drill program will increase the current gold resource and further confirm the potential for both a new open pit and underground mine. The Grey Fox property is located approximately four kilometres southeast of Brigus' Black Fox mine and boasts excellent infrastructure. Due to the close proximity of Grey Fox to the Black Fox mine, the Company sees potential for near term production growth.

"These impressive results further extend the 147 Zone orebody and it remains open for expansion at depths beyond 400 metres vertical," said Howard Bird, Brigus' Senior Vice President of Exploration. "Four drill rigs will continue resource expansion drilling on the 147, Contact and Grey Fox South zones for the remainder of the year."
The Company plans to release an updated NI 43-101 resource estimate for the Grey Fox property later in the quarter.
Highlights from the 147 Zone which remains open for expansion:

 Hole Number  From     To     Core Length Gold Assay  Gram X Tonne
             ------  ------  -----------  ----------
               (m)     (m)        (m)     gram/tonne
             ------  ------  -----------  ----------
  GF12-698   154.20  163.00         8.80       12.86           113
-----------  ------  ------  -----------  ----------  ------------
  GF13-709    99.00  144.00        45.00        1.92            86
-----------  ------  ------  -----------  ----------  ------------
             284.00  299.00        15.00        3.78            57
             ------  ------  -----------  ----------  ------------
             317.00  324.00         7.00       11.66            82
             ------  ------  -----------  ----------  ------------
  GF13-713   381.00  401.00        20.00       23.05           461
-----------  ------  ------  -----------  ----------  ------------
             467.00  481.00        14.00        5.20            73
             ------  ------  -----------  ----------  ------------
  GF13-719   396.35  403.00         6.65       12.14            81
-----------  ------  ------  -----------  ----------  ------------
  GF13-728   264.00  278.00        14.00       28.54           400
-----------  ------  ------  -----------  ----------  ------------

All assays are capped at 100 gpt gold, average gold grades over core length widths.
Details of the most recent 147 Zone drill holes are listed in Appendix 1, the 147 Zone drill-hole location map is included in Appendix 2 and a long section map can be found in Appendix 3. All drill hole data is posted on the Company's website at www.brigusgold.com.
Surface drilling was conducted by Norex Drilling and was supervised by the Brigus exploration team. All sample analyses reported herein were performed by Polymet Labs of Cobalt, Ontario, which is ISO 9001:2000 certified in North America using standard fire assay procedures. Intercepts cited do not necessarily represent true widths, unless otherwise noted. Brigus Gold's quality control checks include insertion of blanks, standards and duplicates to ensure laboratory accuracy. Senior Exploration Project Manager John A. Dixon, P. Geo., reviewed the technical exploration information in this release as the Qualified Person for the Company.

About Brigus Gold
Brigus is a growing 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 and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. Brigus also owns the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas.

Cautionary and Forward-Looking 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. All statements regarding the Company's ability to successfully expand the Black Fox Complex gold resource, add to Black Fox or Grey Fox resources, advance new discoveries to production, convert resource estimates into near-term production, release of an updated mineral resource estimate in 2012 and the Black Fox underground mine exploration drilling program and continue to obtain positive down dip continuity of significant gold mineralization are forward-looking statements and estimates 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 these forward-looking statements include environmental risks and other 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. Source: Brigus Gold Corp.
Appendix 1: Most recent drill hole assay results at the 147 Zone (all assays are capped at 100 gpt gold, average gold grades over core length widths):

SOURCE: Brigus Gold Corp.

Brigus Gold Corp. 
Morgan Tyghe, (416) 214-9867 
Director of Investor Relations 
mtyghe@brigusgold.com

Chinese Lithium Company Jiangxi Ganfeng may end up controlling Marianna Lithium project!

May 10, 2013

International Lithium Corp. Arranges Loan From Strategic Partner, Jiangxi Ganfeng Lithium Co. Ltd.

Vancouver B.C. May 10, 2013: International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) is pleased to announce that Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium") has agreed to lend ILC a total of $2,289,000 to advance the Company's Mariana Lithium-Potassium Brine project in Argentina and for ILC to provide the outstanding scheduled cash payments to secure an unencumbered 100% ownership of the Mariana project.  Subject to final approval by the TSX Venture Exchange and Ganfeng Lithium's shareholders, Ganfeng Lithium will advance ILC a total of USD$2,289,000 ("Loan").  USD$1,199,000 will be advanced within two business days of Ganfeng Lithium receiving shareholder approval ("First Advance"), and a further advance of USD$1,090,000 will follow in May 2014 ("Second Advance").  The Loan will mature two years following the date of the Second Advance and during the term of the loan ILC will pay interest of 10% per annum on the balance of the Loan, payable quarterly.

In lieu of receiving repayment of the loan, Ganfeng Lithium may elect to convert into an interest in the Mariana Property.  The loan agreement contemplates that Ganfeng Lithium may convert what would otherwise be ILC's repayment obligation for the First Advance into a 26% interest in ILC's rights in the Mariana Property.  Likewise, instead of receiving repayment of the Second Advance, Ganfeng Lithium may convert into a 25% interest in ILC's rights to the Mariana Property, for a total interest of 51%.  If Ganfeng Lithium elects to convert up to a 51% property interest, at that time, the parties would enter into a joint venture relationship for the operation of the Mariana Property.

"This latest transaction demonstrates the confidence and continued support ILC has received from our strategic partner Gangfeng Lithium, providing us with the resources to move in course with exploration plans and operations that will allow us to unlock the potential value in the projects that we have been advancing since the formation of the company." States Kirill Klip,  President of International Lithium Corp.   

About GanfengLithium 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 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 12 years.

About International Lithium Corp.

International Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor Jiangxi Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.

The Company's primary focus is the Mariana lithium-potash brine project in Argentina within the renowned South American 'Lithium Belt' that is host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporite basin that ranks as one of the more prospective salarsor 'salt lakes' in the region.

Complementing the Company's lithium brine projects are rare metals pegmatite properties in Canada and Ireland that have revealed through recent highly positive results a clear potential that the Company will advance with the support of its strategic partner, Ganfeng Lithium. These projects can add distinct value 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.

With the increasing demand of high tech applications in battery and vehicle propulsion technologies, lithium and other rare metals are no doubt the metals of tomorrow's green tech economy. By positioning itself with solid development partners and projects with significant resource potential, ILC aims to be the green tech resource developer of choice for investors and build value for its shareholders.

International Lithium mission is to find, explore and develop projects which have the potential to become world class lithium, potash and rare metal deposits.

On behalf of the Board of Directors,

KirillKlip 

President, 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.