San Gold Reports 2013 Q2 Increase in Production Results

San Gold Corporation

TSX : SGR
OTCQX : SGRCF

July 11, 2013 09:03 ET

WINNIPEG, MANITOBA--(Marketwired - July 11, 2013) -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 June 30, 2013.
Second Quarter 2013 Production Highlights

• Gold production of 22,476 ounces.
• Mine production of 173,350 tons.
• Mill production of 162,344 tons.

Second Quarter 2013 Preliminary Operating Results
San Gold produced 22,476 ounces of gold in the second quarter, bringing total production for the first six months of the year to 39,830 ounces. The operation mined 173,350 tons of ore at an average daily rate of 1,905 tons per day and milled 162,344 tons in the quarter at an average daily throughput of 1,765 tons per day. Mill recovery was 94.0% and milled grade was 5.05 grams per tonne. The company ended the quarter with approximately 11,000 tons in a low grade stockpile in addition to a blended stockpile of approximately 4,200 tons.
During the second quarter, the Company implemented a number of operational changes and cost cutting initiatives in response to adverse market conditions. Specifically the company has changed the mining mix with a continued strong reliance on the 007 mine and an increase of mining in the Rice Lake mine with less dependence on the Hinge mine. Beginning in June 2013 the company began to stockpile lower grade ore on a surface stockpile and has deferred mining some lower grade material throughout the operation pending an improvement in the price of gold.
"I am extremely pleased with the progress we have made in the last quarter. We exceeded our expectations for gold production, improved grade and curtailed unnecessary spending. The company has now accessed the 007 ore zones from 26 Level in the Rice Lake mine which is providing a supplemental ore feed for the mill. We have cancelled or deferred non-critical capital expenditures and San Gold has taken over responsibility from the contractor for capital development in the 007 mine. 16 Level in Rice Lake remains a top development priority, with the mining contractor pushing the lateral development out to intersect the down-dip extensions of both the Hinge and 007 mines," said Ian Berzins, San Gold's President, CEO and Chief Operating Officer.
The Company remains on track to produce between 75,000 and 90,000 ounces of gold in 2013 with cash costs between $800 and $900 per ounce.

About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Rice Lake Mining Complex near Bissett, Manitoba. The Company employs more than 420 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
Ian Berzins
President and CEO
Chief Operating Officer
Toll Free: 1 (855) 585-4653

San Gold Corporation
Tim Friesen
Communications Director
Toll Free: 1 (855) 585-4653
sgr@sangold.ca
www.sangold.ca

Flinders Resumes Graphite Sales From the Woxna Graphite Project, Sweden

Flinders Resources Limited

TSX VENTURE : FDR
PINKSHEETS : FLNXF

July 09, 2013 08:30 ET

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 9, 2013) - Flinders Resources Limited ("Flinders") (TSX VENTURE:FDR)(PINKSHEETS:FLNXF) announces that the first truckload for 2013 of reprocessed graphite from Flinders' Woxna Graphite Mine in Sweden was recently delivered to Germany.
The drying, screening and packing circuits of the Kringel processing plant were successfully restarted in May after the winter break and production of graphite from stockpiled material is underway. Several hundred tonnes of graphite remain from a stockpile that was built up when Woxna was last mined up to 2001.
So far this year, Flinders has delivered commercial volumes of graphite to Swedish and German customers and has orders for the balance of Woxna's stockpiled graphite.
Mr. McFarlane states: "The resumption of graphite processing and sales has reinstated awareness of the Woxna Graphite brand in Europe. Discussions are underway with customers about secure future graphite supply from Woxna once mining resumes. Feedback from customers is that the Woxna brand invokes positive recognition for its consistent performance and close proximity of the mine to customers, supporting the view that Woxna graphite will find a receptive European market."

On behalf of the Board
Martin McFarlane, President and CEO

About Flinders Resources
Flinders Resources Ltd. (TSX VENTURE:FDR) owns 100% of the Woxna Graphite Mine, a unique and strategic European graphite project in central Sweden. The Woxna Mine, with rated capacity of 10,000+ tonnes per year of flake graphite, operated from 1996 to 2001 when production was halted due to falling graphite prices. Since then, the Woxna Project has been held on care and maintenance.

Today graphite prices are significantly higher than in 2001 underpinned by strong growth in graphite demand driven by a combination of steady growth in traditional uses such as steel production, lubricants, brake linings and batteries as well as double digit growth from new applications, in particular batteries for portable electronics and hybrid and electric vehicles.

Materially better graphite price today and forecast growth in graphite demand is why Flinders is evaluating re-starting the Woxna graphite mine. Flinders' Woxna mine is substantially funded, fully permitted, constructed and with moderate capital investment is ready to be brought back to production. The Woxna Project is unique due to its high quality large graphite flake, long life expandable resource, first class existing infrastructure, potential to upgrade to value added lithium battery graphite and its strategic position within the European Union.

Certain information set out in this news release may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "Forward-Looking Statements"). All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are Forward-Looking Statements. Forward-Looking Statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", and "intend" and statements that an event or result "may", "will", "can", "should", "could", or "might" occur or be achieved and other similar expressions. Forward-Looking Statements are based upon the opinions and expectations of the Company based on information currently available to the Company. Forward-Looking Statements are subject to a number of factors, risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the Forward-Looking Statements including, among other things, the Company has yet to generate a profit from its activities; there can be no guarantee that the estimates of quantities or qualities of minerals disclosed in the Company's public record will be economically recoverable; uncertainties relating to the availability and costs of financing needed in the future; competition with other companies within the mining industry; the success of the Company is largely dependent upon the performance of its directors and officers and the Company's ability to attract and train key personnel; changes in world metal markets and equity markets beyond the Company's control; mineral reserves are, in the large part, estimates and no assurance can be given that the anticipated tonnages and grades will be achieved or that the indicated level of recovery will be realized; production rates and capital and other costs may vary significantly from estimates; unexpected geological conditions; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; all phases of a mining business present environmental and safety risks and hazards and are subject to environmental and safety regulation, and rehabilitation and restitution costs; the Company does not maintain insurance against environmental risks; and management of the Company have experience in mineral exploration but may lack all or some of the necessary technical training and experience to successfully develop and operate a mine.

Although the Company believes that the expectations reflected in the Forward-Looking Statements, and the assumptions on which such Forward-Looking Statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on Forward-Looking Statements, as there can be no assurance that the plans, intentions or expectations upon which the Forward-Looking Statements are based will occur. Forward-Looking Statements herein are made as at the date hereof, and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these Forward-Looking Statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS SUCH TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

Contact Information

Flinders Resources Limited
Jim Powell
+1 647-478-5806
info@flindersresources.com
www.flindersresources.com

MIT performance report supports Beryllium Nuclear Fuel and SiC fuel technology

Published Tuesday, July 9, 2013 6:05 am

VANCOUVER, BC – July 9^th, 2013 – IBC Advanced Alloys Corp. (TSX-V: IB; OTCQX: IAALF) (“IBC” or the “Company”) reports that the Massachusetts Institute of Technology (“MIT”) has completed its initial review and delivered a fuel performance report validating the feasibility of IBC’s patented beryllium oxide (“BeO”) nuclear fuel technology combined with Ceramic Tubular Products, LLC (“CTP”) silicon carbide cladding. As reported in June 2012, IBC entered into a sponsored research agreement with MIT to analyze the performance of the BeO enhanced fuel and how it would perform with the addition of silicon carbide ("SiC) cladding.

IBC’s partnerships with CTP and MIT regarding a SiC based ceramic composite cladding complement IBC’s ongoing nuclear fuel R&D being conducted at Purdue and Texas A&M universities. The fuel performance report validates the characteristics of the fuel technology and further demonstrates how IBC’s BeO enhanced fuel, combined with CTP’s SiC cladding, could result in reduced fuel operating temperature and improve fuel operating characteristics leading to a safer and more accident tolerant fuel.

As a result of recent events in the nuclear industry, especially the well known issues at Fukushima in 2011, industry officials and governments are developing alternative strategies and increasingly reviewing the safety benefits of accident tolerant fuels. Because of this increasing industry awareness, the Company is in discussions with a number of potential nuclear industry partners, including Japanese fuel cycle suppliers, to explore and discuss the next phase of R&D including irradiation requirements and testing of the fuel in test reactors.

“We are very encouraged with the conclusions of the MIT fuel performance report about the beneficial characteristics and capability of the enhanced BeO fuel in combination with the SiC cladding technology”, said Jim Malone, IBC’s Vice President of Nuclear Fuel. “IBC is working diligently with Purdue, Texas A&M, CTP and and other industry participants to take the next step of a full irradiation trial in a test reactor to further understand and evaluate the advantages of BeO enhanced fuel as a next generation accident tolerant fuel.”

The IBC sponsored research at MIT is led by Dr. Mujid Kazimi, the MIT Tokyo Electric Power Company (“TEPCO”) Professor in Nuclear Engineering. Dr. Kazimi is also an MIT Professor of Mechanical Engineering and the Director of the Center for Advanced Nuclear Energy Systems (“CANES”). Dr. Kazimi is an expert on fuel performance, safety and power density with a substantial body of peer-reviewed publications as well as numerous academic awards and nuclear industry honors. In addition to his MIT responsibilities, Dr. Kazimi is also a member of the Nuclear Energy Advisory Committee at the US Department of Energy.

As previously reported, IBC has extended its research agreements with Purdue and Texas A&M, to advance its BeO nuclear fuels R&D until December 2013. IBC’s nuclear fuel program is focused on developing an accident tolerant high thermal conductivity BeO nuclear fuel for both current and future nuclear power reactors that is more efficient and safer than existing nuclear fuels. The project’s objective is to commercialize the intellectual property and to position IBC as an essential part of the nuclear industry’s supply chain.

About IBC Advanced Alloys Corp.

IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of sectors including aerospace, automotive, telecommunications and a range of industrial applications. IBC has 86 employees and production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global advanced alloys company. IBC’s common shares are traded on the TSX Venture Exchange under the symbol “IB” and the OTCQX under the symbol “IAALF”.

IBC Advanced Alloys Corp.

Ian Tootill, Director of Corporate Communications

(604) 685-6263 ext 110

Email: itootill@ibcadvancedalloys.com

Website: www.ibcadvancedalloys.com

Rodinia Lithium Provides Processing Update On Progress At Diablillos

Toronto, Canada, June 11, 2013: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM) is pleased to provide an update on its small scale pilot pond system at its wholly owned Salar de Diablillos lithium-potash project, located in Salta Province, Argentina.  The small scale pilot pond system, which has been working continuously since February 2012, has been providing on site experience and allowing for several advances in the metallurgical process.  Highlights from the pilot pond system include:

• Second batch of lithium carbonate produced, increasing purity to 99.79% Li2CO3
• Additional work completed to improve removal of interfering magnesium and sulphate ions
• Developed and demonstrated an alternate method to produce caustic soda during the process
• Use of caustic soda later  in the production process, potentially reducing reagent costs
• Work continues on site to improve yield, develop separation techniques and reduce raw material costs

William Randall, President & CEO of Rodinia, commented “While we experienced delays due to a variety of factors, including a third straight year of record rainfall during January and February, we are on track to deliver an updated economic study on the project.  Results of additional work conducted on the Salar lead us to believe the updated study will be in line with our previously completed Preliminary Economic Assessment, showing very robust figures with relatively low capital expenditure.  Management believes that the high returns and low capital output of the project are attractive components in the current financial climate.”

During the first quarter of 2013, a second process run on a larger scale was completed, resulting in the production of a second batch of lithium carbonate.  The process employed remains largely the same as the Company’s initial run, but the increased quantity of lithium carbonate produced allowed for a hot water wash to improve the quality of the lithium carbonate.  This additional step in the process resulted in increased lithium carbonate purity of 99.79%.

In addition to completing production of a second batch of lithium carbonate, the Company’s engineering team has been operating the small scale pilot pond system continuously in search of improvements in the process design.  The engineering department has been successful in lowering magnesium and sulphate concentration below levels achieved in previous runs.  Removal of magnesium and sulphate ions to achieve low concentration levels in accordance with the Company’s process design has been successful.

In addition, a significant development has been achieved in the production of caustic soda during the evaporation sequence.  An alternate method was tested on the Salar in an attempt to harvest caustic soda during the regular operation of the evaporation ponds.  The Company remains encouraged that the successful harvesting of caustic soda could result in lowered externally sourced reagent use, which in turn, has the potential to lead to meaningful operating cost savings.

The Company expects to provide further updates of work completed on the Salar de Diablillos over the coming months.

The project is supervised by Bob Cinq-Mars, P. Eng. Mr. Cinq-Mars is considered a Qualified Person, as defined by National Instrument 43‐101 and has reviewed and approved the scientific and technical information contained in this press release. Mr. Cinq-Mars is not independent of the Company.

About Rodinia Lithium Inc.:

Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America.  The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia’s Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent.  The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2013, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through feasibility study.

The Company also holds 100% mineral rights to approximately 15,000 acres in Nevada’s lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit.  The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.

Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com. 

For further information please contact

Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the anticipated effects of the results and the impact of such results with respect to the pilot pond system, the timing with respect to future results, timing with respect to the completion of an updated economic study; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements.  Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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 further information please contact	Aaron Wolfe
Investor Cubed Inc.	Vice-President, Corporate Development
Investor Relations	Tel: +1 (416) 309-2696
Tel: +1 (647) 258-3311

Flinders Graphite re-opening European Woxna graphite Mine in Sweden

Woxna Graphite Tests Yield Enhanced Large Flake Distribution 

 

Flinders Resources Limited ("Flinders") (TSX.V - FDR) Mr. Martin McFarlane, President & CEO is pleased to provide an update on the metallurgical test programs being conducted on graphite bearing rock from the Woxna Graphite Mine, Sweden.

A bulk sample, together with representative core samples of graphite mineralization from across the Woxna Kringel mineral resource were sent to flotation specialist Aminpro Metallurgical Laboratories ("Aminpro") in Chile. Aminpro were commissioned to complete a series of graphite processing tests that would lead to a new process flow sheet optimising graphite flake size, purity and recovery results.

A key goal of the test work program was to maximise the proportion of larger flake sizes in the flotation concentrate. Using a single stage coarser grind and rougher float has yielded an encouragingly high proportion of large flake sizes.

The following table outlines the flake size distributionsfor the current test results and historical production, and shows potential for improved flake size distribution.

 ______________________________________________________
|Graphite Flake Size |Test Results |Historic Production|
|        (µm)        |(% by weight)|   (% by weight)   |
|____________________|_____________|___________________|
|             +250 µm|        23   |             -     |
|____________________|_____________|___________________|
|         +180-250 µm|        27   |            32     |
|____________________|_____________|___________________|
|         +100-180 µm|        35   |            32     |
|____________________|_____________|___________________|
|             -100 µm|        15   |            36     |
|____________________|_____________|___________________|

Further cleaning test work is currently underway to maximise graphite purity while maintaining a high flake size distribution. The metallurgical test program concludes with locked cycle tests of the proposed new process flow sheet. This work is expected to be completed in early June.

Mining Plan
Golders of Sweden are nearing completion on the design of the Woxna mine plan and will deliver their final report at the end of May.
Having previously delivered a 4 phase 20+ year mine plan, Golders have undertaken multiple iterations to optimise the first 10 years of the plan resulting in a better than 30% improvement of the 10 year stripping ratio to 6:1 with 3:1 during the first 3 years.
The revised mine plan has then been subject to optimisation using the industry recognised Whittle optimisation software. This is anticipated to further improve ore to waste ratios by up to 15%.

Tailings and Water Management
Tailings and water management plans were presented to the regulators earlier this year. The plans will deliver substantially improved environmental performance at the Woxna mine. While no formal approval is required from the regulator, feedback to date has been positive.

Preliminary Economic Assessment
Once the final results are available from the metallurgical test work, all of the components will be available to complete a preliminary economic assessment of resuming production at the Woxna graphite mine.

New and reused equipment will be specified for the final modified process flow sheet. Operating and capital costs will then be calculated as will revenue based on the metallurgical test results.It is anticipated that the preliminary economic assessment of the Woxna graphite project will be completed in July.

The qualified person for the Woxna project, Mr. Chris Stinton of GBM Minerals Engineering Consultants of the United Kingdom, has reviewed and verified the contents of this release.

On behalf of the Board
"Martin McFarlane" Martin McFarlane, President and CEO
Certain information set out in this news release may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "Forward-Looking Statements"). All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are Forward-Looking Statements. Forward-Looking Statements are often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. Forward-Looking Statements are based upon the opinions and expectations of the Company based on information currently available to the Company. Forward-Looking Statements are subject to a number of factors, risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the Forward-Looking Statements including, among other things, the Company has yet to generate a profit from its activities; there can be no guarantee that the estimates of quantities or qualities of minerals disclosed in the Company's public record will be economically recoverable; uncertainties relating to the availability and costs of financing needed in the future; competition with other companies within the mining industry; the success of the Company is largely dependent upon the performance of its directors and officers and the Company's ability to attract and train key personnel; changes in world metal markets and equity markets beyond the Company's control; mineral reserves are, in the large part, estimates and no assurance can be given that the anticipated tonnages and grades will be achieved or that the indicated level of recovery will be realized; production rates and capital and other costs may vary significantly from estimates; unexpected geological conditions; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; all phases of a mining business present environmental and safety risks and hazards and are subject to environmental and safety regulation, and rehabilitation and restitution costs; the Company does not maintain insurance against environmental risks; and management of the Company have experience in mineral exploration but may lack all or some of the necessary technical training and experience to successfully develop and operate a mine. Although the Company believes that the expectations reflected in the Forward-Looking Statements, and the assumptions on which such Forward-Looking Statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on Forward-Looking Statements, as there can be no assurance that the plans, intentions or expectations upon which the Forward-Looking Statements are based will occur. Forward-Looking Statements herein are made as at the date hereof, and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these Forward-Looking Statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS SUCH TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
SOURCE: Flinders Resources Limited
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2013/28/c2684.html
SOURCE: Flinders Resources Limited

Jim Powell +1 647-478-5806 info@flindersresources.com

Focus Graphite reports High-Grade Graphite Mineralization at the Lac Guinecourt Property, Quebec:

Focus Graphite Inc.

TSX VENTURE : FMS
OTCQX : FCSMF
FRANKFURT : FKC

May 22, 2013 08:19 ET

 Best Grab Sample Assays Ranging From 6.36% to 45.90% Graphitic Carbon

OTTAWA, ONTARIO--(Marketwired - May 22, 2013) - Focus Graphite Inc. ("Focus" or the "Company") (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is pleased to report the final assay results from the summer 2012 reconnaissance exploration program at its 100%-owned Lac Guinécourt graphite property (the "Property") located in the South Manicouagan Reservoir area of northeastern Québec,17 km to the South of Mason Graphite's Lac Guéret graphite deposit.

A total of 32 grab samples were collected from historical and new graphite-bearing outcrops related to the Graphi-Centre showing area. Twenty-one (21) of the samples returned high-grade graphitic carbon (Cgr*) assays ranging from 6.36% to a high of 45.90% Cgr (high-grade assays are defined as greater than 5% Cgr; Table 1). The historical Graphi-Centre showing was formerly part of the Lac Guéret-Sud property of SOQUEM Inc.-Quinto Technology Inc. Numerous graphite-bearing outcrops showing potential for significant lateral continuity and width are recorded within the 2 km by 3 km area hosting the showing.
Gary Economo, President and CEO of Focus Graphite, stated: "Our preliminary exploration results at the Lac Guinécourt property indicate potential for significant economic-grade graphite mineralization. The high-grade graphite grades recorded at Lac Guinécourt together with the excellent results on our near-by Lac Tétépisca project place Focus in a very good position to discover the next economic-grade graphite deposit after Lac Guéret. The Lac Guinécourt mineralization grades compare favorably to those of our Lac Knife deposit. We will be planning a comprehensive follow-up exploration program for Lac Guinecourt in 2013 in order to confirm the full extension and thickness of the graphitic mineralization following the defined linear HLEM anomalies."

Table 1. Summary of best grab sample graphitic carbon (Cgr) assays (> 5.00% Cgr) and related sulfur assays from the 2012 Graphi-Centre showing area reconnaissance survey.
# Sample	Cgr %	S %
232415	45.90	0.32
232382	43.00	>10.00
232381	39.20	>10.00
232390	34.70	9.74
232386	31.90	>10.00
232384	30.30	7.00
232388	27.60	3.33
232403	27.50	8.55
232407	27.50	>10.00
232375	27.40	0.09
232413	27.30	>10.00
232391	26.50	2.12
232385	21.40	>10.00
232398	21.10	1.59
232387	13.80	0.99
232402	12.80	4.70
232393	11.45	6.87
232414	9.19	0.52
232408	7.65	3.12
232392	6.96	4.67
232412	6.36	>10.00

* All rock sample carbon analyses performed by ALS Laboratory Group in this survey (ALS code C-IR06) are delivered as organic carbon (Corg) assays but are expressed here as graphitic carbon (Cgr) based on the assumption that all carbon contained in the highly metamorphosed rocks is held within graphite with no carbon as organic matter.

Following to the initial reconnaissance, the Graphi-Centre showing area was the subject of a 37.8 line-km horizontal loop electromagnetic ("HLEM") ground geophysical survey conducted by G.L. Géoservices Inc. of Rouyn-Noranda, Québec. The interpreted HLEM conductors (submitted by Géophysique Camille St-Hilaire of Rouyn-Noranda) suggest the presence of km-scale graphite-bearing structures within the survey area. They will also help to assess the width of the mineralization found in the Graphi-Centre showing area.

Lac Guinecourt graphite property
The Lac Guinécourt graphite property consists of seventy-four (74) map-designated mining claims covering a total of 4012.31 ha and is held 100% by Focus. The Property is located 20 km southwest from the Manicouagan Reservoir, about 220 km north from the city of Baie-Comeau in the Côte-Nord administrative region, of Québec. The property is easily accessible year-round through a network of main logging roads starting from Highway 389. The portion of the Property surveyed in 2012 holds the historical Graphi-Centre graphite showing discovered by SOQUEM Inc. and Quinto Technology Inc. (now Cliffs Natural Resources) in 2002 while exploring the geological corridor hosting the Lac Guéret deposit which is located 17 km north. The Lac Guéret deposit held by Mason Graphite Inc. (Mason) hosts a National Instrument (NI) 43-101 compliant Measured and Indicated mineral resource of 7.6 Mt grading 20.40% Cgr (Source: Roche, 2012: Technical Report on the Lac Guéret Graphite Project; available at www.sedar.com) which formed the basis of a recent positive Preliminary Economic Assessment study (see Mason press release dated April 22, 2013 available at www.sedar.com).

Geological settings and mineralization
The Lac Guinécourt property is located in the Grenville geological Province. The Property is underlain by sedimentary rocks of the Nault Formation which were metamorphosed to quartz-feldspar-biotite schists and paragneisses. Metamorphism associated with the Grenvillian orogeny has resulted in the formation of economic grade concentrations of graphite dominated by value-enhanced large flakes. Fine to coarse graphite flakes and associated sulphides make up 10-40% of the rocks with up to 40% in strongly mineralized zones. In the area of sampling, up to 21 samples containing more than 5% Cgr are enclosed in a regionally interpreted 2 by 3 km fold structure. Samples were analyzed for organic carbon, sulfur and traces elements.
Maps showing the location of the Lac Guinécourt project as well as the Graphi-Centre showing area are available on the Company's website at www.focusgraphite.com.

Quality assurance / Quality control
The Lac Guinécourt exploration program is supervised by Benoit Lafrance, Ph.D., géo (Québec), Focus Vice-President of Exploration and a Qualified Person under NI 43-101. Strict quality control protocols have been applied at the field sampling, sample handling and analytical stages. Mineralized internal standard and blank materials have been inserted in all samples batches. All assays were performed by ALS Laboratory Group ("ALS") at ALS' Val-d'Or and Vancouver laboratories. ALS is an ISO 9001:2008 and ISO 17025 qualified assayer that performs and makes available internal assaying controls. Organic carbon content is measured on representative 0.1-0.2 g samples digested in dilute hydrochloric acid (to remove inorganic carbon) using a LECO carbon analyzer which combines direct combustion and infrared absorption (ALS Code C-IR06). The LECO detector response is processed and displayed directly as the percentage of organic carbon (including graphitic carbon and organic matter). Sulfur and traces elements were measured by ICP-AES and ICP-MS methods following a four acids (perchloric, nitric, hydrofluoric and hydrochloric) digestion on a prepared 0.25 g sample (ALS Code ME-MS61).

About Focus Graphite
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of northeastern Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated mineral resource of 4.972 Mt grading 15.7% carbon as crystalline graphite with an additional Inferred mineral resource of 3.000 Mt grading 15.6% crystalline graphite. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29th, 2012 the Company released the results of a Preliminary Economic Analysis ("PEA") of the Lac Knife project which demonstrates that the project has an excellent potential to become a producer of graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus invests in the development of graphene applications and patents through Grafoid Inc.
The technical information presented in this press release has been reviewed by Benoit Lafrance, Ph.D., géo (Québec), Focus Vice President of Exploration and a Qualified Person under NI 43-101.
Forward Looking Statements - Disclaimer
This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com Focus Graphite disclaims any intention or obligation to revise or update such statements.

Neither 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.

Contact Information

Focus Graphite Inc.
Mr. Gary Economo
President and Chief Executive Officer
613-691-1091, ext. 101
geconomo@focusgraphite.com
www.focusgraphite.com

San Gold Announces Changes to its Board of Directors and the Acquisition of Shares in Wildcat Exploration

San Gold Corporation

TSX : SGR
OTCQX : SGRCF

May 21, 2013 18:00 ET

WINNIPEG, MANITOBA--(Marketwired - May 21, 2013) - San Gold Corporation
(TSX:SGR)(OTCQX:SGRCF) ("San Gold" or the "Company") announced today that the board of directors has appointed Ian Berzins, the President, Chief Executive Officer and Chief Operating Officer of the Company, as a director of the Company. The board of directors has also changed the role of executive vice chairman to that of lead director which continues to be filled by Dale Ginn.

San Gold also announced that it has filed an early warning report with respect to its purchase of 1,250,000 common shares ("Common Shares") of Wildcat Exploration Ltd. ("Wildcat") pursuant to a subscription agreement effective as of December 12, 2012. The Common Shares were acquired by the Company pursuant to the "accredited investor" exemption contained in National Instrument 45-106 Prospectus and Registration Exemptions.

The 1,250,000 Common Shares represent approximately 16.17% of the issued and outstanding Common Shares of Wildcat. The acquisition results in the Company beneficially owning and controlling an aggregate of 1,500,000 Common Shares of Wildcat, which represents approximately 19.4% of the issued and outstanding Common Shares of Wildcat. This represents a material change over the 250,000 Common Shares held by the Company prior to this transaction.

The purpose of the Company in effecting the transaction was to comply with its requirements pursuant to a property option agreement between the Company and Wildcat dated August 9, 2011 pursuant to which the Company has the option to acquire an 80% interest in certain mineral properties of Wildcat.
An early warning report in respect of the above-noted transaction has been filed on SEDAR and is available at www.sedar.com.

About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Rice Lake Mining Complex near Bissett, Manitoba. The Company employs more than 450 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
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 San Gold, 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.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information

San Gold Corporation
Ian Berzins
President and CEO
Toll Free: 1 (855) 585-4653
sgr@sangold.ca

San Gold Corporation
Gestur Kristjansson
Chief Financial Officer
Toll Free: 1 (855) 585-4653
sgr@sangold.ca
www.sangold.ca