The Company would like to thank Messrs. Shklanka, Hills, O’Rourke and Bradshaw for their service as directors to the Company and wish them well in their future endeavours.

On behalf of the Board of Directors

KOBEX MINERALS INC.

Alfred Hills, President and CEO

]]>Kobex Minerals Inc.
Alfred Hills
President
604-688-9368
604-688-9336 (FAX)
investor@kobexminerals.com
www.kobexminerals.com
]]>

“On behalf of our Board, I would like to thank Mr. Sonnenreich for his commitment and service to the Company. He has been integral in the development of the Company since 2010, and was vital in maneuvering it through these difficult markets. Under his leadership, the Company made several promising exploration property acquisitions, leaving the company well-positioned for future growth. Mr. Sonnenreich has made invaluable contributions to the Williams Creek Board and we wish him continued success in his future endeavours,” said Mr. Wyant.

“Williams Creek remains committed to expanding its property portfolio with quality assets in North America in addition to leveraging positive exploration results from our existing properties. The Company will continue to execute on this strategy moving forward, supported by an experienced Board and management team. I look forward to the opportunity to lead Williams Creek in advancing its properties and believe the Company is poised to capitalize on its growth initiatives,” added Mr. Wyant.

James Wyant has served on the Board of Williams Creek Gold since 2010. He was President of Wyant &Company, a public corporation listed on the NASDAQ, and presided over its successful sale to Cascades Inc. in 2000. Mr. Wyant also served as the Chairman for Vermont Public Television and was awarded the PBS Leadership Award in 2003.

About Williams Creek Gold Limited (WCX)

Visit http://www.WilliamsCreek.ca to learn more about Williams Creek Gold Limited.

Williams Creek Gold Limited is a Canadian company with the primary purpose of participating broadly in the natural resource sector, with an emphasis on the gold subsector, through exploration, joint ventures or other equity investments, royalty and finance agreements.

Williams Creek Gold Limited owns twenty-eight Crown Granted mineral claims known as the Barkerville Project in the immediate vicinity of Barkerville, BC in the Cariboo mining division. The Cariboo gold belt and the Barkerville Camp have a long history of gold production dating back to the 1800s. Historically the Barkerville Camp has reported gold production of 3.8 million ounces, including 2.6 million ounces from surface placer and 1.2 million ounces from lode mining. When placer gold production peaked in the late 1890s, Williams Creek Gold’s Black Jack (District Lot 1B), Home Stake (District Lot 4B), Cornish (District Lot 1F) and Wintrip (District Lot 32F) Crown Granted mineral claims were among the first acquired in the early search for lode gold.

Williams Creek Gold Limited also owns a block of four mineral claims 17km west of Barkerville known as the Pine Properties. The Company has three Crown Granted mineral claims in the Kamloops Mining Division, two of which are adjacent to New Gold’s New Afton project. Williams Creek Gold Limited also owns the Ahbau Creek, Chubby Bear and Ahbau Lake claim groups in Central British Columbia, as well as the BOPS claims in Nevada.

Williams Creek Gold is earning a 50% interest through a joint venture with Tyhee Gold Corp. in the Big Sky Property north of Yellowknife, NWT.

Additionally, Williams Creek Gold Limited has a net 30% interest in the ATW diamond property in the MacKenzie Mining District of the Northwest Territories. Williams Creek also holds the BOPS Project consisting of 32 unpatented lode mining claims in Pershing County, Nevada.

On behalf of the Board of Directors,

James A. Wyant, Chairman and Interim CEO

This news release may contain forward-looking statements including management’s assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

]]>Williams Creek Gold Limited
James A. Wyant
514.983.6194
www.WilliamsCreek.ca
]]>

The Company also announces it wishes to re-price 14,221,923 incentive stock options issued to directors, officers, employees and consultants of the Company, to reflect current market conditions. The options were originally granted in 2009, 2010, 2011, 2012 and 2013 at prices ranging from $0.10 to $0.28. The new exercise price for these options will be $0.10 per share. As required by TSX Venture Exchange policies, all re-priced options held by insiders are subject to disinterested shareholder approval at the Company’s 2013 annual general and special meeting of shareholders on June 25, 2013.

About Seafield Resources Ltd.

Seafield Resources Ltd. (TSX VENTURE:SFF) is a mineral exploration company currently focused on advancing its Miraflores Gold Deposit towards feasibility level. Seafield’s 6,757-hectare Quinchía Gold Project is located in the Department of Risaralda of Colombia. SRK Consulting Inc.’s (Denver) Preliminary Economic Assessment on the Miraflores Deposit indicates robust economics with a pre-tax internal rate of return of 50% and a pre-tax net present value (8%) of $249M. The Company cautions that mineral resources that are not mineral reserves and do not have demonstrated economic viability. Miraflores currently has a NI 43-101 compliant Measured and Indicated resource estimate of 1,816,000 ounces gold at 0.78 g/t Au and 3,555,000 ounces silver at 1.5 g/t Ag (72.6 million tonnes at a cut-off of 0.27 g/t Au) and an Inferred resource estimate of 62,000 ounces gold at 0.51 g/t Au and 275,000 ounces silver at 2.3 g/t Ag (3.8 million tonnes at a cut-off of 0.27 g/t Au). Additionally, the Company has a NI 43-101 compliant resource estimate for its Dosquebradas Deposit, also part of the Quinchía Gold Project, with an Inferred resource estimate totaling 920,772 ounces gold at 0.5 g/t Au (57Mt at a cut-off of 0.3 g/t Au). Seafield Resources Ltd. trades its shares on the TSX Venture Exchange (TSX-V) under the symbol SFF and in the United States using CUSIP 81173R101. For more details on the Company, please visit www.sffresources.com.

Forward-Looking Statement

This news release includes certain “forward-looking statements” within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management’s current views with respect to possible future events and conditions and, by their nature, are based on management’s beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of commodities, general market conditions, risks inherent in exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the “Risk Factors” section of our annual and interim Management’s Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law. The Company relies on litigation protection for forward-looking statements.

]]>Seafield Resources Ltd.
David MacMillan
Investor Relations
(416) 361-3434 ext. 202
dmacmillan@sffresources.com
www.sffresources.com
]]>

Elgin Mining Inc.

Elgin Mining is a Canadian based company focused on production at the Björkdal Gold Mine in Sweden, and on advancing the Lupin gold mine, located in Nunavut, Canada, to a production decision. In addition, Elgin Mining’s portfolio includes the Ulu gold project located approximately 155 kilometers north of the Lupin gold mine in Nunavut, Canada, a 29.5% interest in Auracle Resources Ltd., which is exploring the Mexican Hat property in Arizona, an exclusive right and option to earn a 60% interest in Lincoln Mining Corporation’s Oro Cruz (California) and La Bufa (Mexico) gold projects and an option to earn a 60% interest in North Arrow Minerals Inc.’s Contwoyto gold project located adjacent to the Lupin gold mine in Nunavut, Canada. Elgin Mining also selectively reviews opportunities to add advanced stage development projects to its portfolio. The Company has a strong balance sheet, generates cash flow from gold sales, and remains un-hedged.

For further information, please visit the Company’s web site at www.elginmining.com.

]]>Elgin Mining Inc.
Patrick Downey
President and Chief Executive Officer
(604) 682-3366
(604) 682-3363 (FAX)
info@elginmining.com
www.elginmining.com
]]>

1. To receive the consolidated audited financial statements of the Company for the year ended December 31, 2012, together with the report of the auditors thereon;
2. To fix the number of directors at six (6);
3. To elect directors for the ensuing year;
4. To appoint auditors for the Company for the ensuing year, at a remuneration to be fixed by the directors of the Company;
5. To confirm and approve an advance notice policy;
6. To approve certain amendments to the Company’s stock option plan; and
7. To transact such further or other business as may properly come before the meeting and any adjournments thereof.

The record date for the Annual and Special Meeting was May 17, 2013.

Following the meeting, Mr. William Lamb, President and CEO, will present an update on the Company’s operations and be available to answer any questions.

The Company also announces that it has granted an aggregate of 2,625,000 incentive stock options to certain officers, directors and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of $0.70 per share.

About Lucara

Lucara is a well-positioned new diamond producer. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company’s two key assets are the Karowe Mine in Botswana and the Mothae Project in Lesotho. The 100% owned Karowe Mine is in production. The 75% owned Mothae Project has completed its trial mining program.

On Behalf of the Board,

William Lamb, President and CEO

Lucara’s Certified Advisor on NASDAQ OMX First North is Pareto Öhman AB.

]]>Lucara Diamond Corp.
Sophia Shane
Corporate Development
+1 (604) 689-7842

Lucara Diamond Corp.
Robert Eriksson
Investor Relations, Sweden
+46 701-112615
www.lucaradiamond.com
]]>

Freeport-McMoRan Exploration Corporation (‘FMEC”) has been funding and directing Southern Silver’s subsidiary, Minera Plata del Sur, S.A. de C.V. (“MPS”) to explore the property pursuant to an earn-in agreement since October 2012 and has advanced the $250,000 option payment together with a previous payment of $750,000 due November 18, 2012, together with applicable IVA taxes with such amounts being credited toward potential expenditures of $25 million required to earn an indirect 70% interest in the property.

Since execution of the earn-in agreement, FMEC has directed MPS to conduct soil and vegetation geochemistry and geophysical surveys over the 15,125 hectare property and to explore the property with diamond drilling utilizing two core rigs in order to advance the project quickly through this initial discovery and evaluation stage.

Approximately 1300 metres of the planned +3500 metres drill program has been completed to date. Logging and sampling of the core continues. Assays are pending and will be reported upon the completion of the drill program.

Current plans are to test deeper offsets of known mineralized zones at the South Skarn, Blind Zone and Santo Nino targets and several geophysical and geochemical targets identified in recent surface exploration by FMEC. The current drill program is targeting a deep seated porphyry/skarn mineral system similar to the historic San Martin deposit (60Mt of 118g/t silver, 0.9% copper and 3.9% zinc) located about 100 kilometres to the south of the Cerro Las Minitas project. See news release NR-07-13, April 2, 2013 for further details of exploration to date and the proposed drilling program.

President Lawrence Page commented, “The renegotiation of the option agreement provides greater flexibility to explore the property systematically within a reasonable time frame. $2.25 million has been paid on the $4 million purchase price to earn a 100% unencumbered interest in the property with FMEC having contributed $1 million as a credit towards its earn in threshold. FMEC may elect to make additional payments as they become due and as FMEC continues its exploration program.”

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is a precious and base metal exploration and development company and a member of the Manex Resource Group; a private company comprised of an exceptional multi-disciplinary team of professionals with specific expertise in all areas of exploration, development, corporate finance and public company administration.

The company’s growth strategy is to acquire, explore and develop either directly or through joint venture relationships high-quality mineral properties in progressive jurisdictions within North America including Southern Silver’s silver-lead-zinc Cerro Las Minitas project located in Durango, Mexico. Freeport-McMoRan Exploration Corporation currently holds an option to earn a 70% indirect interest in the project by making staged purchase payments and funding exploration and development expenditures of $25 million on the project over a ten year period.

Desert Star Resources Ltd. has the option to earn up to a 70% interest in the gold-silver-copper Oro project in New Mexico by making cash payments to underlying optionors, issuing one million shares, completing a preliminary economic assessment and incurring exploration expenditures of $6 million on the property over a period of 66 months. Southern Silver is currently advancing the porphyry copper-molybdenum Dragoon project in Arizona and the Minas de Ameca silver, lead-zinc project in Jalisco, Mexico.

Robert Macdonald (P.Geo) is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release.

On behalf of the Board of Directors

Lawrence Page, Q.C., President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver’s website at www.southernsilverexploration.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company’s projects, and the availability of financing for the company’s development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

]]>Southern Silver Exploration Corp.
Liana Shahinian
1.888.456.1112
liana@mnxltd.com
www.southernsilverexploration.com
]]>

The property islocated within excellent infrastructure; a paved road and railway cross the property and a town with basic services is located within 3 kilometers of the prospect.

The property was acquired through a public bidding process from Companhia Baiana de Pesquisa Mineral (CBPM) in December, 2012 and in January 2013, the Company’s Brazilian subsidiary signed an option agreement with CBPM to acquire a 100% interest in the property.

CBPM recently carried out an airborne geophysical survey followed by a program of geological mapping, soil and rock geochemistry and an induced polarization (IP) survey directed at evaluating selected targets.

The focus of the drill program is to test a nickel-copper occurrence within a mafic-ultramafic igneous complex that is defined by co-incident anomalous nickel and copper values in soil and rocks and a 1300 meter-long IP anomaly.

A program of 3 diamond drill holes totalling an estimated 700 meters is planned to test the IP anomaly. Drilling is expected to start during the last week in May.

On behalf of the Board of Directors

PACIFIC IMPERIAL MINES INC.

H. Leo King, President and Director

]]>Pacific Imperial Mines Inc.
Leo King
President
604-669-6332
604-688-9336 (FAX)
investor@pacificimperialmines.com
]]>

Filo del Sol is a high sulphidation epithermal copper-gold-silver system that overlies a porphyry copper-gold system. It is part of the Vicuña Project which includes the nearby Los Helados and Josemaria copper-gold porphyry deposits. Filo del Sol is a very large mineralized system, with minimum dimensions, based on wide spaced drill holes, of 2.8 kilometres in a north-south direction and 1 kilometre in an east-west direction (see attached Copper-equivalent Grade x Thickness map and location map, available at the following link: http://media3.marketwire.com/docs/ngq0523.pdf). The system includes both disseminated and stockwork mineralization and is open in all directions. Leaching and secondary enrichment of this mineralized system has created a high-grade copper-silver zone, further adding to the potential of the deposit. New maps and sections prepared for Filo del Sol are available on the NGEx website http://www.ngexresources.com/s/FiloDelSol_Maps.asp.

Today’s results combined with previously released drilling are encouraging and support plans for a larger drill program next season that could, if successful, lead to a maiden resource estimate for the project. The exploration season is during the South American summer and drilling is expected to restart in late 2013.

A total of 819.6 metres were drilled in 5 holes during the program. The table below summarizes the mineralized intersections from this season’s drilling. Highlights from the results reported today include: FSDH08 with 38.1m of 1.23% copper, 0.21 g/t Au and 10.9 g/t Ag and FSDH11 with 65m of 0.77 g/t Au.

Drilled lengths are interpreted to be representative of the true width of the mineralized zone, based on geological interpretation using data from previous reverse circulation and diamond drill holes.

The 2012/2013 drill program focused on expanding the high-grade copper-silver zone which occurs in the northern part of the mineralized system and has been traced by previous drilling over a distance of at least 1,200 metres (see attached map). The holes reported here were drilled along a northeast-southwest oriented line spanning a distance of 950 metres within the overall 1,200 metre strike length. Previous drilling had tested this zone along a 250 metre wide northeast-southwest corridor and holes FSDH08, FSDH09/09A and FSDH11 were drilled along the western margin of this corridor.

The high-sulphidation epithermal part of the Filo del Sol system has an upper zone of vuggy and sandy silica that has proved to be a challenge to drill though with diamond drills. Unfortunately all of this season’s holes were abandoned due to poor ground conditions in this material above the target depth for the high grade zone. Nonetheless, FSDH08 was successful in partially testing the zone and confirming its extension 150 metres to the west of previous hole VRC-53. FSDH08 ended in strong mineralization grading 1.33% copper.

Hole FSDH09 was abandoned at a depth of 157 metres in mineralization with a grade of 0.22 g/t Au and 0.27% Cu. The drill was moved 5 metres to the south and hole FSDH09A was drilled with a tricone bit (no core recovered) to a depth of 156 metres where core recovery began. The composited interval reported here includes assays from FSDH09 to a depth of 156 metres and FSDH09A from 156 to 237.8 metres, which was the end of the hole.

Hole FSDH10 was a 200 metre step-out along the trend of the high grade zone to the north. It was abandoned above the target depth of the high grade zone but encountered significant gold mineralization in the hanging wall.

Hole FSDH11 was drilled 150 metres to the west of the high-grade zone and was abandoned at a depth of 165 metres after intersecting a gold zone which is commonly seen above the copper-silver mineralization in this area. The hole did not reach the top of the projected copper-silver mineralization.

Commenting on the results Wojtek Wodzicki, President and CEO of the Company, stated, “Although we faced challenging drilling conditions this year we are very encouraged by the results from Filo del Sol and particularly the confirmation of a potentially significant high grade copper-silver zone within a much larger area of disseminated copper-gold mineralization. It is a big system with excellent potential to add to our current resource base on the Vicuña Project.”

Collar coordinates and drill hole orientations for the holes in this news release are shown below:

About NGEX

NGEX is a Canadian mineral exploration company with exploration projects in Chile, Argentina, and Canada. The Company’s shares are listed on the Toronto Stock Exchange under the symbol “NGQ”. The Company’s focus is on advancing its Vicuña Project which includes several large copper-gold systems including the Josemaria, Los Helados, and Filo del Sol projects, located on a contiguous land package that the Company holds in Chile’s Region III and adjacent San Juan Province, Argentina. Los Helados and Filo del Sol are part of a joint venture in which the Company holds 60% and Pan Pacific Copper Co., Ltd. holds 40%. Josemaria is part of a joint venture in which the Company holds 60% and Japan Oil, Gas, and Metals National Corporation (JOGMEC) owns 40%. In addition to the Vicuna Project the Company holds an extensive portfolio of 100% owned early stage exploration projects located in Chile and Argentina. It also owns a 100% interest in the GJ copper and gold project located in British Columbia Canada. The GJ project is optioned to Teck Resources who are earning up to a 75% interest.

On behalf of the board

Wojtek Wodzicki, President and CEO

Qualified Person and Assay Methods

The drill core was logged, sawed, and half cores were sampled in their entirety in two meter intervals at the Company’s core processing facility. Samples were shipped to the ACME lab in Santiago, Chile. Samples were crushed, split and 500g was pulverized to 85% passing 200 mesh. Gold analyses were by fire assay fusion with AAS finish on a 30g sample. Copper was analyzed by digestion in three steps of a representative 1 gram from the sub-sample: 1) with a 10% sulphuric acid cold solution, 2) a 10% sodium cyanide digestion of the residue of step 1, and 3) a 3-acid digestion of the residue of step 2. Solutions from each step were analyzed by atomic absorption. Samples were also analyzed for a suite of 36 elements with ICP-ES. Copper and gold standards as well as blanks and duplicates (field, preparation and analysis) were randomly inserted into the sampling sequence for Quality Control. On average, 9% of the submitted samples correspond to Quality Control samples.

The Quality Control/Quality Assurance (QA/QC) program on the Filo del Sol Project is under the management of Diego Charchaflie MSc., P.Geo (BC), a Qualified Person pursuant to NI 43-101. Mr. Bob Carmichael, B.A.Sc, P.Eng., Vice President, Exploration for the Company, is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of NGEx Resources Inc. Forward-looking information includes, but is not limited to, statements with respect to the estimation of commodity prices, mineral reserves and resources, the realization of mineral reserve estimates, capital expenditures, costs and timing of the development of new deposits, the success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining activities, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotations thereof. All such forward-looking information is based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond the Company’s ability to control or predict.

Forward-looking information is necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks and uncertainties relating to, among other things, changes in commodity prices, currency fluctuation, financing, unanticipated reserve and resource grades, infrastructure, results of exploration activities, cost overruns, availability of materials and equipment, timeliness of government approvals, taxation, political risk and related economic risk and unanticipated environmental impact on operations as well as other risks and uncertainties described under “Risks Factors” in the Company’s Annual Information Form available under the Company’s profile at www.sedar.com and the Company’s website.

Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, 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. All of the forward-looking information contained in this document is qualified by these cautionary statements. Readers should not place undue reliance on forward-looking information. Forward-looking information is provided for the purpose of providing information about management’s current expectations and plans and allowing investors and other to get a better understanding of the Company’s operating environment. These factors are not, and should not be construed as being, exhaustive. Statements relating to “mineral reserves” or “mineral resources” are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the mineral reserves and mineral resources described can be profitably produced in the future. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. The Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

]]>NGEx Resources Inc.
Sophia Shane
Corporate Development
(604) 689-7842
www.ngexresources.com
]]>

Preliminary exploration at the Pampilhal prospect has outlined highly anomalous gold mineralisation associated with silicification over a 2.4 km by 1.3 km area, including over 2.8 km combined strike length of linear, structurally-controlled gold-bearing silica ridges or “ribs”. Sampling maps have been posted on Medgold’s website at www.medgoldresources.com/vila-de-rei.asp.

• The longest exposed silica rib, named Dan’s Ridge, extends for over 1.2 km and returned anomalous gold along its entire length, with assays ranging from trace to 12.45 g/t Au and including samples of 3.48 g/t and 1.06 g/t Au. Thirty-two rock grab samples were collected along its length at roughly 40-100 m intervals.
• The Western Ridge, in the northern end of the prospect, is exposed over 300 m and returned remarkably consistent high gold assays for a first-pass sampling program. Five rock grab samples were collected along its length at roughly 75-100 m intervals, returning 2.10 g/t, 1.20 g/t, 1.45 g/t, 2.36 g/t and 1.15 g/t Au.
• In the southern end of the prospect, the Southeast Ridge is exposed over 365 m. Eight rock grab samples were collected, yielding results from 0.046 g/t to 3.76 g/t Au and including samples of 3.32 g/t Au and 1.84 g/t Au.

Dan James, the President of Medgold, said, “We’re delighted with this early work at Pampilhal which has clearly identified a major zone of gold mineralization hosted by multiple linear silica ribs. The work has substantially upgraded the huge potential of the Vila de Rei licence area, and our ongoing work will now focus on the principal prospect of Pampilhal, which covers an area of 2.4 km by 1.3 km. We believe that Pampilhal has sufficient scale and strike-length to host a potentially significant gold resource and I’ve asked our field crews to focus on detailed mapping and channel sampling of the ribs as well as continuing the licence-wide exploration program.

On a wider level, Vila de Rei is only one of a number of projects that we are developing in Portugal, Spain and Italy and we are moving all of these forward with view to having a number of quality drill targets by the end of the year.”

The Vila de Rei Gold Project

The Vila de Rei gold licence covers 300 square km focused on the Porto-Cordova lineament, a major crustal fault associated with the Hercynican Orogeny. Silica-pyrite-gold mineralization is hosted within silicified structures which have subsequently been oxidized to iron oxide boxworks liberating gold. The majority of the gold-tin-tungsten deposits in northwest Iberia are Hercynian in age and are related to this orogeny.

The recent field program in April comprised reconnaissance work over the Pampilhal and Rei anomalies, but also involved licence-wide prospecting. A total of 106 rock grab samples were collected, (including 11 QC samples), with 55 from Pampilhal prospect and 40 from Rei prospect. Fifty five rock samples were collected from the Pampilhal prospect with 41 (75%) yielding greater than 0.1 g/t Au and 11 (20%) greater than 1.0 g/t Au.

At the Rei prospect historic sampling reported by Redcorp returned grades of 24.72 g/t, 22.85 g/t and 19.24 g/t Au from a linear zone trending over 3.7 km. (Medgold has not independently verified these results, and the reader is cautioned that they are historic in nature and as such cannot be relied upon). Medgold collected a total of 40 rock grab samples from the Rei prospect and has identified a new zone of silica-hematite mineralization, located 500 m to the north of Redcorp’s linear anomaly, covering an area of approximately 600 by 400 m, and yielded results from below detection up to 1.14 g/t, 0.84 g/t and 0.81 g/t Au.

Further work will continue in Q3 2013 and will focus on the detailed mapping and channel sampling of the silica ribs with the aim of defining potential drill targets.

Quality Assurance and Quality Control (QA-QC)

The samples were prepared by ALS Minerals at the Seville Laboratory, Spain. Samples were analysed for gold by fire assay with atomic adsorption finish by ALS Minerals at the Rosia Montana Laboratory, Romania. Multi-elements were analyzed by inductively coupled plasma mass spectrometer (ICP-MS) and inductively coupled plasma emission spectrometer (ICP-AES) on a sample split sent to the ALS Minerals laboratory in Vancouver. Certified standard reference materials, blanks and field and laboratory duplicates were routinely inserted for quality assurance and quality control.

Qualified Person

Dr. Stewart D. Redwood, Consulting Geologist to the Company, is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure or Mineral Projects. Dr. Redwood has reviewed and approved the technical information contained in this news release.

About Medgold

Medgold is aiming to become the leading Mediterranean-focused gold exploration and project development company, with an extensive pipeline of projects across Portugal, Italy and Spain, targeting economically stressed, but politically stable European countries that are seeking foreign investment to invigorate the mining sector.

Additional information on Medgold can be found on the Company’s website at www.medgoldresources.com and by reviewing the Company’s page on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD

Ralph Rushton, Director

Forward-looking statements

This news release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and other related matters. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Medgold Resources’ projects in Europe are at an early stage and all estimates and projections are based on limited, and possibly incomplete, data. More work is required before the mineralization and the projects’ economic aspects can be confidently modelled. Actual results may differ materially from those currently anticipated in this news release. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates and projections herein will be sustained in future work or that the projects will otherwise prove to be economic.

]]>Medgold Resources Corp.
Ralph Rushton (Vancouver)
Director
+1 604-801-5432
ralphr@goldgroup.com

Medgold Resources Corp.
Dan James (London)
President
+44 (0) 207 305 7050 / +44 (0) 7972 579188
dj@medgoldresources.com
www.medgoldresources.com
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David Pym CEO comments, “The continuing weakness in the nickel prices, in conjunction with permitting delays, has left the company with little option but to suspend nickel operations and commence temporary lay-offs. During the lay-off period the company will continue to concentrate on the metallurgical, environmental and engineering studies involved with assessing the viability of processing the nearby Kopsa gold copper ores through the Hitura mill.“

About Belvedere:

Belvedere Resources Ltd. is a mining company incorporated in British Columbia with a primary focus on nickel, gold, cobalt and copper in Finland. The Company currently produces 2200t of nickel in concentrate/year from the Hitura nickel mine in Central Finland. The Company has a number of advanced gold projects in close proximity to the Hitura mine.

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements, which involve known and unknown risks and uncertainties. Without limitation, statements regarding future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. It is important to note that the Company’s actual results could differ materially from those in such forward-looking statements.

BELVEDERE RESOURCES LTD.

David Pym, CEO; Suite #404, Vancouver World Trade Centre, 999 Canada Place, Vancouver. BC. V6C 3E2, Canada

]]>Belvedere Resources Ltd.
David Pym
CEO
+1-604-844-2838

Belvedere Resources Ltd.
Toby Strauss
COO
+1-604-844-2838
www.belvedere-resources.com
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