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Wednesday, November 26, 2008

Hunt Gold Corporation -- Disposal of American Molygold Corp

Company Confirms Completion of American Molygold Corp Sale in January 2009


Hunt Gold Corporation (PINKSHEETS: HGLC) announced on November 14, 2008 the sale of its " Molybdenum" interests held through its subsidiary company, American Molygold Corp.

The sale amount is US$620 million to be settled in shares of Common Stock of a USA quoted Company focussed exclusively on the business of Molybdenum. The sale will be completed upon the transfer of title of the various claims held by American Molygold Corp, to the Purchaser.

This transaction will be completed by mid January 2009.

The value of this disposal equates to US$0.0021 per 1 share of Hunt Gold Corporation Common Stock. The Company's stock is currently trading at US$0.0003 in the market.

Once the value of the Company's 14 (fourteen) Gold Mining Properties, already significantly increased by the steady rise in the price of Gold, to this value, clearly demonstrates and reflects the huge discount to Net Asset Value at which the Company's stock is currently trading in the market.

As announced on August 15, 2008, the Company announced that it intended to distribute all of the proceeds from the sale of American Molygold Corp to its stockholders upon receipt of these proceeds. This Stock Dividend has been approved in writing by stockholders holding in excess of 75% of this Company's Common Stock.

This will result in a Stock Dividend payout to stockholders valued at US$0.0021 per 1 (one) share of Hunt Gold Corporation Common Stock.

Stockholders will be advised once the "Record Date" and "Pay Date" of this Stock Dividend has been declared.

Hunt Gold Corporation intends to focus exclusively on the Exploration and Mining of its existing Gold properties. The Company does not need to place any shares for cash, nor does it need to retain any of the proceeds from the sale of American Molygold Corp, as it is funding the exploration of its Gold Mining interests through traditional Bank Mortgage Finance.

Molybdenum has become very important as demand for moly is tied to demand for steel used in the petroleum industry (e.g. drill pipe, pipeline construction), which will benefit from accelerated petroleum exploration and development in an era of high oil prices.

The molybdenum assets held by American Molygold Corp and disposed of by your Company; are as follows:


1. American Molygold. The American Molygold property is in the Cherry Mining District in Yavapai County, Arizona approximately 10 miles from Jerome. This 1,900 acre property includes the two major historic gold producing mines in the district, Monarch and Logan, as well as a probable resource of 150,000 tons and an inferred resource of 5,000,000 tons, based on work by the prior owner, Alanco. It is a Precambrian deposit in a Bradshaw Granite intrusion into Yavapai Schist, located along the Verde Fault. There is a large, partially stripped gold-bearing zone of alteration with vein lets of copper and molybdenum mineralization that has been interpreted as being the outer layer or shell of porphyry copper / moly mineralization on the eastern portion of the claims. The vein systems may warrant underground development and there is potential for an open pit low gold content target with associated moly and base metals production.

2. Rochester Molygold. The Rochester Molygold property is in the Rabbit Mining District in Madison County, Montana, approximately 30 miles from Butte and comprises approximately 2,250 acres. The project includes a majority of the former FMC Gold project, which reported an 850,000 ounce gold resource. It also includes the former US Steel moly project. This is also a Precambrian deposit with the gold found in well defined veins that strike north or northeast and dip steeply west, usually associated with granite dikes. Additionally, there are placer gold workings along Rochester Creek, and a possible method of mining would use water from dewatering the underground workings for placer mining downstream. The moly is found in a recambrian quartz monzonite stock , which is altered to a greisens -- like vuggy aggregate of muscovite, quartz, and clots and disseminated grains of pyrite and molybdenite, as well as quartz veins containing same.


ABOUT HUNT GOLD CORPORATION

Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will," or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner

Tuesday, November 25, 2008

Where You Can Get Small Quantities of Gold Right Now!

Anyone buying physical gold knows how expensive it is, and also how difficult it is to find it at this time. Especially when you want to buy it in smaller quantities.

Daily Wealth mentions a couple places in Canada you can get it immediately, and at decent premiums.

Here's what they say:

"The Bank of Nova Scotia is one of the world's largest precious-metals dealers. If you go to the Hollis Street branch in Halifax, Nova Scotia, or the King Street West branch in Toronto, they'll sell you Canadian Maple Leaf coins at a 3.7% premium to spot and one-ounce wafers at a 2.6% premium to spot."

Friday, November 21, 2008

Gold Futures Close Friday at $791.80 - Highest Level in Over a Month

Gold futures went over the $800 an ounce mark for the first time since October 16, closing the session at $791.80 an ounce on the Comex division of the NYMEX. It went as high as $801.90 before settling to the closing numbers.

For the week, gold futures were up by 6.7 percent, the best performance since the week ending September 19. In dollars that was a $43.10 increase.

Investors are starting to ask themselves if this is the beginning of gold performing in its usual role as a haven of safety. The ongoing plunge in oil prices, decoupling from the movement of gold for the first time in a long time, may also signal a return to normal activity for the yellow metal.

Forced liquidation has been a major factor in holding the metal back from its usual upward movement in times like these.

Other factors have been prices falling and a stronger U.S. dollar, which has also put downward pressure on gold.

But the U.S. dollar strength is partly the result of some governments selling gold to prop up the dollar, as well as the forced liquidation coming from funds needing access to cash.

It doesn't seem that even with the beginning of the decoupling of gold from oil, that it means the forced liquidation period is over. I don't think we've reached that point yet. It is possible it may be the beginning of the end though, and that would definitely be a positive signal for gold investors.

MonArc Corporation (MONA) Completes Peru Visit Andrea SA Gold Mine

BEIJING, Nov 21, 2008 /PRNewswire-FirstCall via COMTEX/ -- Mon Arc Corporation www.monacorporation.com PINKSHEETS: MONA.PK management representatives have completed their on-site inspection of the Andrea Gold mine operation in Peru.

While the MonArc team is still traveling they have been able to provide a top line summary of the results of their field work. The have had the opportunity to view the current operations of the mine, led by a geologist familiar with this particular gold play.

In addition, they were fully briefed on the status of the assays to date, and the progress being made to complete its form 43-101 filing, which will provide an analysis of the proven and probable reserves of the mine based on industry standard requirements.

MonArc CEO, Mr. Yong Chan advises; "Based on these initial reports, all parties are eager to finalize this acquisition. We are currently drawing up the necessary documents to complete the acquisition, and anticipate that the deal can close very shortly." Mr. Alex Diaz President of Andrea SA Mine in Peru (targeted merger company) said "We are pleased to have met the MONA management and their advisors and I'm particularly pleasantly impressed with MONA executive management and its corporate Secretary Mr. Winters. While we were approached by others for the merger and business cooperation Andrea SA and its managers feel that MONA is the best fit for all concerned."

The Company will provide additional updates as information continues to come in from the field, and expects to have the team back next Wednesday, the 26th of November.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.

Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.

CONTACT: For corporate matters contact: corporate@monacorporation.com
CONTACT: corporate@monacorporation.com
SOURCE MonArc Corporation (MONA)
Copyright (C) 2008 PR Newswire. All rights reserved

Silverstone Completes Purchase of Life of Mine Gold and Silver From Sherwood Copper Corporation's Minto Mine

VANCOUVER, BRITISH COLUMBIA, Nov 21, 2008 (MARKET WIRE via COMTEX) -- Silverstone Resources Corp. ("Silverstone") (CA:SST) is pleased to announce that it has closed its previously announced transaction (November 7, 2008) with Sherwood Copper Corporation to purchase all of the payable gold and silver from the Minto Mine in the Yukon, Canada, over the life of the mine starting December 1, 2008.

Silverstone will purchase all of the payable gold and silver from the Minto Mine and, in exchange, Sherwood received an up-front payment from Silverstone of US$37.5 million, plus a further payment of the lesser of (a) US$300 per ounce of gold and US$3.90 per ounce of silver (subject to a 1% inflationary adjustment after three years and each year thereafter) and (b) the prevailing market price of gold and silver quoted on the London Bullion Market Association, for each ounce delivered. If production from the Minto Mine exceeds 50,000 oz of payable gold in the first two years of the agreement or 30,000 oz of payable gold per year thereafter, Silverstone will be entitled to purchase only 50% of the amount in excess of those thresholds. Kutcho Copper Corp., Sherwood's wholly owned subsidiary that owns the Kutcho copper-zinc-silver-gold project in British Columbia, has also granted Silverstone a right of first refusal to purchase any gold and/or silver streams from the Kutcho project, should Kutcho Copper elect to sell such, on terms and conditions to be agreed by mutual consent. Sherwood and Silverstone have now signed definitive purchase agreements with respect to the above described transaction.

In order to fund the US$37.5 million cash payment, in addition to US$28 million in cash on hand, Silverstone has drawn on its US$15 million revolving line of credit through Scotia Capital.

"Silverstone is very pleased to add the Minto Mine gold and silver production which more than doubles silver equivalent production in 2009 to 4.5 million ounces of silver(1). This transaction provides leverage to both gold and silver," said Darren Pylot, President and CEO of Silverstone Resources Corp.

ABOUT SILVERSTONE

Silverstone is a silver and gold mining company with 100% of its revenue from precious metal production. Silverstone expects to have 2008 silver sales of approximately 1.9 million ounces and increasing to 4.5 million silver equivalent(1) ounces in 2009. More information is available online at: www.silverstonecorp.com.
(1) Silver equivalent ounces are calculated by using a ratio of 1 ounce of gold is equivalent to 70 ounces of silver.

This press release contains "forward-looking information" that is based on Silverstone's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Silverstone's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Silverstone's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: projected sales or production rates; uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Silverstone disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange has neither approved or disapproved of the contents herein.

Contacts:

Silverstone Resources Corp.
Chris Tomanik
(604) 637-8151
Email: ctomanik@silverstonecorp.com

Silverstone Resources Corp.
Mark Patchett
(604) 637-8151
(604) 688-2180 (FAX)
Email: mpatchett@silverstonecorp.com
Website: www.silverstonecorp.com


SOURCE: Silverstone Resources Corp.
mailto:ctomanik@silverstonecorp.com
mailto:mpatchett@silverstonecorp.com
http://www.silverstonecorp.com

Copyright 2008 Market Wire, All rights reserved

Friday, November 14, 2008

Yukon-Nevada Gold Corp. Reports Third-quarter Results

VANCOUVER, Nov 14, 2008 /PRNewswire-FirstCall via COMTEX/ -- Yukon-Nevada Gold Corp. (CA:YNG) has released results for the three and nine months ended September 30, 2008. All amounts in this news release are in United States dollars, unless otherwise stated.

For the three and nine months ended September 30, 2008, the Company reported a net loss of $77.2 million and $91.8 million, respectively, primarily arising from a non-cash impairment charge of $69.4 million taken on mineral properties and $4.5 million of restructuring costs incurred in the third quarter due to the closure of the mine site at Jerritt Canyon and the subsequent workforce reduction. These actions were taken due to the ongoing negative cash flow of the underground mining operations resulting from an unprofitable mine plan.

The Company was also forced to suspend mill operations in August to perform repair work and has been working closely with the Nevada Division of Environmental Protection to recommence milling operations. When the Company returns to full operations management will pursue additional toll milling contracts to increase the cash flows at Jerritt Canyon. The Company has contracted a third party to run the operations at the mill and has been working closely with them to ensure quick startup once approval is received.

While the Company intends to recommence mining once a profitable mine plan has been developed and sufficient financing becomes available, it was determined that as enough uncertainty exists regarding the Company's ability to do so the Company has taken a $69.4 million charge in the third quarter for the impairment of the Jerritt Canyon mineral properties.

In the third quarter at Ketza River in the Yukon, the Company continued its focus on completing the geotechnical work required for mine planning, metallurgical test work and on completing its highly successful exploration program. The expansion of deposits within the projected open pits will add value to the Pre-feasibility Study. The project is continuing to focus efforts on the completion of that study.

Details of the Company's financial results are described in the unaudited consolidated financial statements, and management's discussion and analysis, which will be available on the Company's website, www.yukon-nevadagold.com and on SEDAR, www.sedar.com.

We seek Safe Harbor.

Yukon-Nevada Gold Corp. is a North American gold company in the business of discovering, developing and operating gold deposits. The Company holds a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia in Canada and in Arizona and Nevada in the United States. The Company's focus has been on the acquisition and development of late stage development and operating properties with gold as the primary target. Continued growth will occur by increasing or initiating production from the Company's existing properties.

If you would like to receive press releases via email please contact nicole@yngc.ca and specify "Yukon-Nevada Gold Corp. releases" in the subject line.

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

WARNING: The Company relies upon litigation protection for "forward-
looking" statements.

This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from
such registration is available.


SOURCE Yukon-Nevada Gold Corp.
Copyright (C) 2008 PR Newswire. All rights reserved

Philex Gold Completes Pre-Feasibility Study on Boyongan Cu/Au Deposit

TORONTO, ONTARIO, Nov 14, 2008 (MARKET WIRE via COMTEX) -- Philex Gold Inc. (CA:PGI) ("Philex" or "Company") is pleased to announce that the Pre-Feasibility Study (the "PFS") on the Boyongan Cu/Au Porphyry Deposit ("Deposit" or "Project") has been completed. The study, completed by Independent Resource Estimations ("IRES") of South Africa, concluded that the Project is economically viable.

In June 2008, the Company engaged the services of IRES of South Africa, to complete the PFS using appropriate parameters and assumptions of a mining company operating within the Philippines. As the initial part of this PFS, IRES had completed a new Mineral Resource estimate using drill hole data up to Dec 31st, 2007.

The Company is pleased to announce that this study, using long-term metal prices of $2.75/lb for Cu and $700/oz for Au for the base case, shows a positive NPV of US$150M and a payback of 3.5 years. The life of mine ("LOM") production schedule includes 2 years of pre-stripping to allow a mine life of 14 years at a constant millfeed rate of 5M tonnes of ore per year. In addition, the PFS has highlighted an opportunity of accessing additional mineralized ground in the northwest portion of the orebody via the future in-pit ramp. This additional mineralized material has not been included in the Mineral Resource nor the Mineral Reserve statements and, as such, is currently classified as Inferred Mineral Resources.

The PFS has determined a Proven Mineral Reserve of 65.8Mt at 0.87%Cu and 1.39g/t Au, and a Probable Mineral Reserve of 1.9Mt at 0.85%Cu and 0.52g/t Au; for a total Proven and Probable Mineral Reserve of 67.8Mt at 0.87%Cu and 1.37g/t Au; at 0.60%Cu and 0.80g/t Au cut-offs.

These current Mineral Resource and Reserve figures are reported in accordance to NI43-101 guidelines and conform to CIM Standards. The full PFS will be published in the Company's website and in SEDAR.

Cautionary Note Concerning Resource Estimates

The mineral resource figures referred to in this press release are estimates and no assurances can be given that the indicated levels of copper or gold will be produced. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. While the Company believes that the resource estimates included in this press release are well established, by their nature resource estimates are imprecise and depend, to a certain extent, upon statistical inferences which may ultimately prove unreliable. If such estimates are inaccurate or are reduced in the future, this could have a material adverse impact on the Company.

The Resource and Reserve Estimates and the PFS were prepared by Dexter S. Ferreira of IRES. Mr. Ferreira is a senior geostatistician with over 18 years experience in project evaluation internationally, including extensive involvement with mineral projects throughout Canada, South America and Africa; he is a member of the South African Council for Natural Scientific Professions, and qualifies as a 'Qualified Person' and 'Competent Person' as defined in National Instrument 43-101, the JORC Code.

Mr. Ferreira has given his consent to the release of this press statement, the contents of which he has reviewed and has found to be consistent with the above technical reports and compliant with the rules and guidelines as set forth in NI 43-101.

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

Contacts:
Philex Gold Inc.
Rogelio G. Laraya
President
(632) 746-8756
(632) 631-9498 (FAX)
Email: rglaraya@yahoo.com
Website: www.philexgold.com



SOURCE: Philex Gold Inc.
mailto:rglaraya@yahoo.com
http://www.philexgold.com

Copyright 2008 Market Wire, All rights reserved

Northern announces acquisition of additional equity interest in High Desert Gold

TORONTO, Nov. 14, 2008 (Canada NewsWire via COMTEX) ----Northern Financial Corporation ("Northern") (TSX: NFC) announced that it acquired today an additional 308,500 common shares of High Desert Gold Corporation ("HDG"; TSX: HDG) representing approximately 0.75% of the total issued common shares of HDG. The HDG shares were acquired on the Toronto Stock Exchange for investment purposes. The highest price paid per HDG share was $0.20 and the average price paid per HDG share was $0.193. Combined with the HDG shares previously owned, Northern now owns a total of 8,807,400HDG shares, representing approximately 21.5% of the total issued HDG shares, based on the number of issued and outstanding HDG shares disclosed in HDG's press release on November 3, 2008.

Northern commenced an offer to acquire all of the HDG shares on October 30, 2008 (the "Offer"). Copies of the Offer documents are available on SEDAR at www.sedar.com.

During the currency of the Offer, Northern has acquired an aggregate of 1,512,500 HDG shares on the Toronto Stock Exchange at an average price per HDG share of $0.182.

About Northern Financial Corporation

Northern Financial Corporation wholly owns Northern Securities Inc., a full service investment dealer that provides financial advisory services to retail and institutional clients and investment banking services to small capitalization companies. Northern's head office is at 145 King Street West, Toronto, Ontario.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under Northern's control which may cause actual results, performances
or achievements of Northern to be materially different from those implied by such forward looking statements.

This press release does not constitute an offer to purchase shares of HDG. Such an offer can only be made through an offer to purchase and circular filed with applicable securities regulatory authorities. Northern urges shareholders of HDG to read the Offer documents which are available on www.sedar.com as they contain important information.

SOURCE: Northern Financial Corporation

Vic Alboini, Chairman & Chief Executive Officer, (416) 644-8110; or Kyler Wells, General Counsel, (416) 644-8177

Thursday, November 13, 2008

Seabridge Gold Files Third Quarter Financial Statements and MD&A

Seabridge Gold (TSX: SEA)(NYSE-A:SA) announced today that it has filed its Third Quarter Financial Statements and its Management's Discussion and Analysis for the period ended September 30, 2008 on SEDAR (www.sedar.com). To review these documents on the Company website, please see Seabridge Gold.

3rd Quarter Highlights

- Seabridge agreed to sell Noche Buena to Fresnillo/Newmont joint venture

- Positive metallurgical test work results obtained for KSM project

- 17,000 meter core drill program completed at KSM

- New drilling at Sulphurets zone confirmed and extended higher grade breccia target

- KSM drill results continued to upgrade and expand Mitchell zone

Financial Results

During the three month period ended September 30, 2008, Seabridge posted a net loss of $895,000 ($0.02 per share) compared to a loss of $1,473,000 ($0.04 per share) for the same period last year. During the third quarter, Seabridge invested $6,960,000 in mineral interests, primarily at KSM, compared to $4,042,000 during the same period last year. At September 30, 2008 net working capital was $10,532,000 compared to $25,019,000 at December 31, 2007.

Seabridge holds a 100% interest in several North American gold resource projects. The Corporation's principal assets are the KSM property in British Columbia, one of the world's largest undeveloped gold/copper projects, and the Courageous Lake gold project located in Canada's Northwest Territories. For a breakdown of the Corporation's mineral resources by project and resource category please visit the Corporation's website at http://www.seabridgegold.net/resources.php.

All resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

Statements relating to the estimated or expected future production and operating results and costs and financial condition of Seabridge, planned work at the Corporation's projects and the expected results of such work are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur. Information concerning exploration results and mineral reserve and resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable at the time they are made, are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from logistical, technical or other factors; the possibility that results of work will not fulfill projections/expectations and realize the perceived potential of the Corporation's projects; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold reserves and resources; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of environmental issues at the Corporation's projects; the possibility of cost overruns or unanticipated expenses in work programs; the need to obtain permits and comply with environmental laws and regulations and other government requirements; fluctuations in the price of gold and other risks and uncertainties, including those described in the Corporation's Annual Information Form filed with SEDAR in Canada (available at www.sedar.com) for the year ended December 31, 2007 and in the Corporation's Annual Report Form 20-F filed with the U.S. Securities and Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml).

Forward-looking statements are based on the beliefs, estimates and opinions of the Corporation's management or its independent professional consultants on the date the statements are made.

ON BEHALF OF THE BOARD

Rudi Fronk, President & C.E.O.

For Seabridge Gold investor relations needs, investors can visit the Seabridge Gold IR Hub where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to sea@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

Contacts:

Seabridge Gold Inc.
Rudi P. Fronk
President and C.E.O.
(416) 367-9292
(416) 367-2711 (FAX)
Email: info@seabridgegold.net
Website: Seabridge Gold

Tuesday, November 11, 2008

Gold Futures Settle at $732.80 on the COMEX Division of New York Mercantile Exchange

Even though gold futures for December delivery settled at $732.80 an ounce on the Comex division of the New York Mercantile Exchange, a drop of $13.70, taking into consideration the current economic climate, it's not too bad, as most market forces are working against the yellow metal at this time.

Even so, we may test new recent lows before we see gold start to rise steadily again.

Deleveraging continues to strengthen the U.S. dollar, and gold probably won't be behaving like it normally does until that starts to unwind at a mature level. That's still a relative unknown, even at this stage of the economic crisis.

As the crisis starts to reach its apex, we should also help gold gain in price. We may be nearing the center of the storm in the U.S. soon, but it's impossible to tell because we really haven't any past experience to measure it by. It does seem that we're nearing the eye of the economic hurricane, and that will bode well for gold.

To me the important question for gold isn't when we begin to reach bottom, but how long we're going to stay there. It looks like it will be for some time, and that will definitely be positive for gold prices going ahead.

Sunday, November 9, 2008

An Ounce of Gold Buys Most Barrels of Oil Since January 2007


While gold has partaken in the fall of commodities, it has held better than most during the worldwide credit crisis. Even so, it has dropped by 16 percent since October when large funds started to deleverage their positions.

One of the measures used to measure the purchasing power of gold is how many barrels of oil it can buy. As of Friday, it bought 12 barrels of oil per ounce of gold, the strongest performance since January 2007.

When oil reached close to $150 a barrel in July, the ratio of gold-to-oil dropped to 6.6. Over the long haul the average ratio comes in at close to 15.

The normal historic behavior of gold in relationship to oil is rise in price along with it, usually performing as an inflation hedge.

With consumer demand falling and companies cutting back on purchases, gold has also risen against metals like copper and nickel. The gold-to-nickel ratio is another indicator used to measure economic performance, and last month Deutsche Bank asserted it could fall into single digits if economic conditions continue to worsen.

As tight credit markets ease, we should see gold return to its usual use as an inflation hedge and flight to safety. So far inflation has been somewhat contained, but the inevitable printing of more money to fund all the billions in bailouts will put upward pressure on prices of goods and services.

In the short term safety will be the key issue driving gold prices as more liguidity enters the markets. Liquidity is the key driver now, not safety.

So far this year gold has fallen by 12 percent, while crude oil has plunged 36 percent.

Saturday, November 8, 2008

Nevada Copper-High Grade Copper-Gold Results From Pumpkin Hollow Continue

Significant high grade intercepts including 46 Meters (152 ft) of 2.5% copper and 0.5 g/t gold; and 36 meters (119 ft) of 2.44% copper and 0.2 g/t gold


VANCOUVER, BRITISH COLUMBIA, Nov 07, 2008 (MARKET WIRE via COMTEX) -- Nevada Copper Corp. (CA:NCU) ("Nevada Copper" or "Company") is pleased to announce exceptionally high grade copper-gold drilling results from the Company's E2 and East Deposits at its Pumpkin Hollow Copper Development Property located in Nevada. These results represent initial assays from the Company's recently completed 2008 drilling program which totaled over 26,000 meters of resource, geotechnical and hydrological drilling. To date, results from only 23 of 71 holes drilled have been received and reported. An updated resource estimate is scheduled to be completed by the first quarter of 2009.

"Nevada Copper's Project Team continues to deliver exceptional stepout and infill drilling results at Pumpkin Hollow," stated Joe Kircher, Vice President and COO of Nevada Copper "The high grade copper and gold results reported here from the E2 and East underground deposits demonstrates strong continuity, thickness, expansion potential and high grade nature of the deposits. These characteristics will positively contribute to the already robust economics of the project."

Specifically drill hole NC08-28 intersected 46.5 meters (152.5 ft), 32.6 meters true thickness, averaging 2.50% copper and 0.514 g/t gold. NC08-28 was drilled to test the up-dip extension of KM-44 (48.5 meters averaging 3.41% copper). Within this intercept, NC08-28 contained 29.2 meters (96 ft), 20.5 meters true thickness, with mineralization averaging 3.36% copper and 0.720 g/t gold. The drill hole confirmed copper mineralization continuity and will result in resource expansion up dip.
E-2 DEPOSIT - Underground: Assays greater than 1.0% Cu
-------------------------------------------------------------------------
-------------------------------------------------------------------------
True
Drill From To Length Length Length Copper Gold Silver Fe
Hole # (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
-------------------------------------------------------------------------
NC08-28 357.4 403.9 46.5 152.5 32.6 2.50 0.514 11.3 24.1
-------------------------------------------------------------------------
Including 374.0 403.2 29.2 96.0 20.5 3.33 0.720 14.8 28.8
-------------------------------------------------------------------------
-------------------------------------------------------------------------


Drill holes NC08-13 and 14 were drilled in the southern portion of the underground East Deposit. NC08-14 was designed as an infill hole to establish continuity and convert inferred resources to measured and indicated resources. Hole NC08-14 intersected 36.2 meters (119 ft) averaging 2.44% copper and 0.22 g/t gold. The hole was drilled between drill holes C-5 and C-8, 45 meters east and 36 meters west respectively. Hole C-5 intersected 19 meters averaging 6.5% copper and hole C-8 intersected 6 meters averaging 2.2% copper. Drill results announced here represent true thicknesses.

EAST DEPOSIT - Underground: Assays greater than 1.0% Cu
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Drill From To Length Length Copper Gold Silver Fe
Hole # (m) (m) (m) (ft) (%) (g/t) (g/t) (%)
-------------------------------------------------------------------------
NC08-13 502.9 504.4 1.5 5.0 1.8 0.055 2.0 18.0
-------------------------------------------------------------------------
642.8 649.1 6.3 20.7 2.08 0.193 4.8 18.4
-------------------------------------------------------------------------
681.2 681.5 0.3 0.9 6.41 0.254 11.0 8.1
-------------------------------------------------------------------------
NC08-14 546.8 560.8 14.0 46.0 1.78 0.196 8.3 20.5
-------------------------------------------------------------------------
572.7 574.2 1.5 5.0 2.21 0.316 10.6 37.2
-------------------------------------------------------------------------
628.0 664.2 36.2 119.0 2.44 0.223 4.8 21.0
-------------------------------------------------------------------------
-------------------------------------------------------------------------


The E2 and East deposits can be mined concurrently utilizing common underground access. As of October, 2007 the combined NI 43-101 compliant resource classifications and average copper grades at a 1% copper cutoff for the deposits stood at: Measured, 6.5 million at 1.91% copper; Indicated, 19.6 million at 1.78% copper; and Inferred, 13.7 million at 1.58% copper. Management expects this resource estimate to measurably expand based on the positive 2008 drilling results to date.
A plan map and cross section for the E2 and East deposits is available at: http://www.nevadacopper.com/s/PumpkinHollow.asp?ReportID=186139.

To date 71 exploration, hydrologic, and geotechnical holes have been drilled for a total of 26,000 meters. Further drill results will be released as they become available throughout the remainder of 2008 and prior to the updated resource estimate scheduled for release in the first quarter of 2009.

About Nevada Copper

Nevada Copper is an emerging copper company, responsibly developing its advanced stage Pumpkin Hollow copper-iron property into Nevada's next copper mine.

Nevada Copper announced robust economic results from an NI43-101 compliant Preliminary Economic Assessment ("PEA") in March, 2008. The PEA evaluates an integrated underground and open pit mining operation with a standard milling and floatation plant that will produce high-grade copper concentrates. Annual production will average 95,000 tons of copper per year over a mine life exceeding 20 years. Highlights from the PEA at copper prices from $1.75 to $3.00 per lb. copper are as follows:

- Net present Value $784 Million to $1.9 Billion with an 8%
discount rate;
- Internal Rate of Return 20.6% to 29.4%;
- Operating Cost $0.57/lb of copper, direct and $1.02/lb
total, net of by-product credits;
- Capital Cost Estimate $665 Million before contingencies and
working capital, $780 inclusive;
- Project payback from
start of construction 3.1 to 4.8 years


The designed mining operation would have a 60,000 ton per day concentrator throughput. Metallurgical recoveries are estimated at 89% for copper, 70% for gold and 68% for silver.

In November 2007, Nevada Copper updated its National Instrument 43-101 compliant resource estimate. At a 0.2% copper cutoff grade, the measured and indicated copper resource is 3.96 billion pounds of copper, contained in 343 million tons grading 0.58% copper and 635 thousand ounces of gold and 26.6 million ounces of silver. An inferred copper resource of 3.91 billion pounds of copper is contained in 438 million tons grading 0.45% copper and 647 thousand ounces of gold and 30.1 million ounces of silver. Additionally, there are also potentially open-pittable iron resources of 144 million tons of contained iron in 656 million tons at an average grade of 22% iron at an iron cut-off of 10%.

Within these large resources is a significant high grade copper resource in the East and E2 deposits. Using a 0.75% copper cutoff grade, the measured and indicated resources contain 1.2 billion pounds of copper in 41.6 million tons of material grading 1.46% copper and, in addition, the inferred resource contains 635 million pounds of copper within 25.3 million tons grading 1.25% copper.

Nevada Copper continues its systematic fast-track program to develop its advanced stage Pumpkin Hollow Property with the resource delineation drilling program, metallurgical, geotechnical, hydrological, condemnation data and environmental baseline data for purposes of a Feasibility Study planned to commence in 2009.

The Pumpkin Hollow project is under the supervision of Gregory French, CPG #10708, a Qualified Person as defined in Canadian National Instrument 43-101, who is responsible for the preparation of the technical information in this news release. All assaying and whole rock geochemistry is processed at the American Assay Laboratories (AAL) in Reno, Nevada. Samples are delivered from the project core logging facility to AAL by Nevada Copper or AAL personnel. A Quality Assurance and Quality Control Assay Protocol have been implemented whereby blanks and standards are inserted into the assay stream and check samples are sent to Chemex-Reno and Inspectorate-Reno laboratories.

Nevada Copper has 40.6 million shares outstanding and is well financed with no debt. For additional information about Nevada Copper please visit our website at www.nevadacopper.com.

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com.

Contacts:
Nevada Copper Corp.
Giulio T. Bonifacio
President & CEO
(604) 699-0023
Email: info@nevadacopper.com
Website: www.nevadacopper.com



SOURCE: Nevada Copper Corp.
mailto:info@nevadacopper.com
http://www.nevadacopper.com

Copyright 2008 Market Wire, All rights reserved.

Almaden Minerals Ltd.: Rock Samples Return Significant Gold, Copper and Silver from the Willow Gold-Silver Property, Nevada

VANCOUVER, BRITISH COLUMBIA, Nov 07, 2008 (MARKET WIRE via COMTEX) -- In Brief
In October 2008 Almaden Minerals Ltd. (CA:AMM) (NYSE-A: AAU) ("Almaden") initiated a follow-up mapping and rock chip sampling program on its wholly owned Willow project in Nevada. The 100% owned Willow project was acquired by staking in 2007. The new work has confirmed that the Willow Project area represents a preserved high sulphidation gold system. Rock samples from exposed breccia zones and veining returned values as high as 0.58 g/t, 289 g/t silver and 4.9% copper.

In Detail

Past geologic and alteration mapping outlined a roughly 2 by 2 kilometer area of intense hydrothermal alteration characterized by silicification, brecciation and alunite, kaolinite and dickite alteration, all features typical of high sulphidation systems. The October 2008 program focussed on an east-west band through this area which included an erosional window through a tabular zone of massive silicification thought to represent the original top of the high sulphidation system. The general geology of the Willow Property consists of an underlying "basement" of argillically-altered rocks of uncertain protoliths that have been protected from erosion by an overlying resistive and extensive cap rock of generally massive silica. Above the silica is a thin sequence of andesitic flows which is overlain by post mineral volcanic rocks. In addition to massive silicification, cross cutting vertical silicified hydrothermal breccias have been identified. These breccias are interpreted to represent the top portion of the feeder structures to the mineralising system and are the target for future exploration. Rock chip samples taken during the course of mapping returned encouraging results.

A total of 45 rock chip, grab and float samples were taken and returned gold values from below detection up to 0.58 g/t gold. The highest gold value came from a float sample of silificed breccia material taken from the northwest end of the property where past soil samples returned values up to 1 g/t gold (see Almaden news release of August 28, 2008). Six samples returned gold values above 100 ppb or 0.1 g/t gold. Silver values ranged from below detection up to 289 g/t silver including three samples over 100 g/t silver. Significant arsenic, barium, mercury and antimony values were returned as well, consistent with the interpretation that the property represents high levels of exposure in a well preserved system. One grab sample of quartz-veined material located on the east end, and lowest elevation of the project, returned 0.11 g/t gold, 162 g/t silver and 4.9% copper. Covellite was identified in the material sampled, a common mineral in high sulphidation systems. The presence of this copper mineral is interpreted to be very encouraging because it suggests that the late brine pulse necessary to form well mineralised high sulphidation systems occurred at the Willow project.

Almaden has initiated an IP geophysical survey now underway and designed to identify high resistivity silica-rich breccias and feeder zones beneath the area of massive silicification. Results will be reported upon their receipt.

Morgan J. Poliquin, President and COO of Almaden and a qualified person under the meaning of National Instrument 43-101 has reviewed the technical information in this news release. Samples were analysed at ALS Chemex labs of North Vancouver using industry standard fire assay, agua regia and ICP methodologies.

On Behalf of the Board of Directors

Morgan J. Poliquin, M.Sc., P.Eng., President, COO and Director
Almaden Minerals Ltd.

Statements contained in this news release that are not historical facts are forward looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filing with the Securities and Exchange Commission.

The Toronto Stock Exchange and NYSE Alternext US have not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management.

Contacts:

Almaden Minerals Ltd.
Morgan J. Poliquin, M.Sc., P.Eng.
President, COO and Director
(604) 689-7644
(604) 689-7645 (FAX)
Website: www.almadenminerals.com



SOURCE: Almaden Minerals Ltd.

Copyright 2008 Market Wire, All rights reserved.

Friday, November 7, 2008

Hunt Gold Corporation -- Company to Commence Stock Purchases

Hunt Gold Corp. confirms will start purchasing its shares

NEW YORK, NY -- (Marketwire) -- 11/07/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC)announced on November 4, 2008 that it had been resolved that the Company will commence with the purchase of shares of its own Common Stock in the market.

The Company is now in a position to confirm that it will commence these purchases early next week as the necessary arrangements have been made with Brokers to purchase these shares for and on behalf of the Company.

The Company is confident that it will be in a position to accumulate fairlysubstantial amounts of stock at the current very low price levels as itappears that there are significant sellers or "weak holders" at these price levels, based upon our observations of this week's trading patterns in the market.

The Company stresses that these purchases of its shares of Common Stock in the market are for investment purposes only; once purchased, they will beheld in Treasury and will not be cancelled.

The Company intends to sell these shares in the market in due course and at what Management believes will be at a substantial profit, and only at such time as the Company's stock price corrects itself to reasonable and accurate prices.

The Company will account for these profits as an Extraordinary Item in its Financial Statements.

ABOUT HUNT GOLD CORPORATION

Hunt Gold Corporation is a Gold Mining & Exploration Company focused on thedevelopment and exploration of its Gold properties, namely "Mockingbird,""Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "LookoutSilver," "Starlight," "American flag," "Venezia," "Stormcloud," "Cherry,""Buffalo Limecap," "Red Cloud" and "Federal." The Company has completedthe sale of its "American Molygold" interests and will be distributing theentire sale proceeds through a Stock Dividend to its stockholders, this tobe announced shortly.

This release contains "forward-looking statements" within the meaning ofSection 27A of the Securities Act of 1933, as amended, and Section 21E theSecurities Exchange Act of 1934, as amended and such forward-lookingstatements are made pursuant to the safe harbor provisions of the PrivateSecurities Litigation Reform Act of 1995. "Forward-looking statements"describe future expectations, plans, results, or strategies and aregenerally preceded by words such as "may," "future," "plan" or "planned,""will" or "should," "expected," "anticipates," "draft," "eventually" or"projected." You are cautioned that such statements are subject to amultitude of risks and uncertainties that could cause future circumstances,events, or results to differ materially from those projected in theforward-looking statements, including the risks that actual results maydiffer materially from those projected in theforward-looking statements as a result of various factors, and other risksidentified in a companies' annual report on Form 10-K or 10-KSB and otherfilings made by such company with the SEC.

For further information contact:Hunt Gold CorporationE Mail: Email ContactTelephone: (954) 840-6956Contact:Mr. Michael G Saner

Tuesday, November 4, 2008

Hunt Gold Corporation -- Company Stock Purchases

Company Approves Purchases of Its Own Stock

NEW YORK, NY, Nov 04, 2008 (MARKET WIRE via COMTEX) -- Hunt Gold Corporation (PINKSHEETS: HGLC) has resolved to purchase shares of its Common Stock in the market, on the following basis:

-- The Company's stock price is at this time significantly undervalued and the Management of the Company is of the opinion that given the extremely positive developments in the Company's strategy coupled with the Company's position never been as strong as it is at this time; the stock price will correct itself in the short to medium term and as the Company has watched circa 70% of its market capitalization disappear over the past week for no rational nor logical reason; it presents a significant opportunity for the Company to make short to medium term investment profits which serve to increase the Company's cash reserves over the short to medium time based upon these investment profits.

-- The Company will utilize surplus cash to purchase shares of its Common Stock in the market as an Investment, these shares so purchased; will be held in Treasury and will not be cancelled.

-- The Company intends to sell these shares in the market and what Management believes will be at a substantial profit; and at such time as the Company's stock price corrects itself to reasonable and accurate prices.

-- These purchases will commence shortly and the Company undertakes to provide its stockholders with details of its stock purchases on a fortnightly basis; this being voluntary as the Company is a "Non Reporting Company" at this time and therefore has no duty to disclose its stock purchases; nor its sales and profits on these stock purchases. Upon the Company becoming a "Reporting Company" with the SEC; the Company would file the appropriate disclosures.

-- The Company is not purchasing these shares of its Common Stock in the market to increase its stock price, this is a short to medium term investment as far as the Company is concerned. Management wishes to stress that it will not be cancelling these shares of its Common Stock purchased in the market and intends to purchase its own shares of Common Stock as an
investment based upon the prevailing share price. At no time, does this Company intend to state as to what price it is prepared to pay for its shares in the market; nor at what price it will take profits on these purchases of its own shares.

-- This is a short term opportunity upon which the Company intends to capitalize upon. The Company cannot disclose the amount of shares which it intends to purchase; as this will be wholly dependent upon the price of the price of the Company's shares offered in the market from to time and at the discretion of the Management of the Company.



ABOUT HUNT GOLD CORPORATION

Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

For further information contact:

Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner



SOURCE: Hunt Gold Corporation
http://www2.marketwire.com/mw/emailprcntct?id=01FF1AA153BDCC58

Copyright 2008 Market Wire, All rights reserved.

Monday, November 3, 2008

Thunder Mountain Gold Increases Land Holdings at Its South Mountain Project

BOISE, Idaho, Nov 03, 2008 (BUSINESS WIRE) -- Thunder Mountain Gold, Inc. (THMG) (the Company) and its wholly-owned subsidiary, Thunder Mountain Resources, announced today the completion of leases on two parcels of private ranch land totaling approximately 489 acres. The land consists of both surface and mineral rights, and is prospective exploration land adjacent to their South Mountain Project in Owyhee County, Idaho. The Company and its subsidiary now control approximately 815 acres of private land and mineral rights plus 21 unpatented mining claims totaling approximately 420 acres. The acquisition of the ranchland brings the total land package under control at South Mountain to approximately 1,235 acres. The leases were obtained under reasonable terms and carry annual rental costs and a 3% royalty if the economic mineralization is discovered and future production takes place.

The geology of the newly acquired land consists of metasedimentary rocks in structural contact with Cretaceous/Tertiary granitic intrusives. The Company's geologists believe there is potential of down dip extensions of mineralization extending beneath the newly-leased land. The Company also identified a large area of structurally-controlled breccias in the metasediments and intrusive situated on the new parcels, based on previous work by South Mountain Mines, Inc., and by the Company. Select rock chip samples from brecciated zones along structures indicate zinc values ranging from 125 parts per million (ppm) to 769 ppm and gold values ranging from 0.278 ppm to 1.66 ppm gold (0.008 to 0.049 ounce per ton (opt)). A preliminary orientation soil survey has identified a 1,200' x 900' significant anomaly with gold values ranging from 0.01 ppm to 0.176 ppm (0.005 opt). These breccias are generally parallel to known mineralization on the South Mountain property, and may be indicative of larger intrusive-contact related mineralization at depth.

The 326-acre South Mountain Project was acquired when Thunder Mountain Resources, Inc acquired all of the stock in South Mountain Mines, Inc. in September, 2007. The principal metals historically recovered from the South Mountain property were silver, zinc, lead, copper, and gold. Approximately 83,653 tons of ore are reported to have been extracted from the district, principally during World War II when, based on smelter receipts, there were 53,635 tons of ore direct-shipped to a smelter with a grade of approximately 14.5% zinc, 10.5 opt silver, 1.4% copper, 0.06 opt gold, and 2.4% lead.

The Company is currently conducting a core drilling program on their patented claims at South Mountain to test the down dip extension of the significantly mineralized Texas and DMEA 2 ore zones that were encountered and mined in by historic underground workings. The drilling is targeting mineralization approximately 300 feet down dip of the Sonneman Level, the lowermost tunnel that encountered both of these favorable mineralized ore shoots as well as a number of others. The targets were refined by placing the historic data into a computer mine model. Drilling of the first hole to test the DMEA 2 ore zone commenced on September 16th. A successful drilling program during the remainder of 2008 and in 2009 could significantly increase this resource by extending the known mineralized zones down dip and along strike of current known mineralization.

Jim Collord, President of Thunder Mountain Gold, said of these developments, "We are very excited to have worked with the local private property owners and reach terms that were acceptable to all parties. The acquisition of these parcels will allow us to pursue the known targets to depth, and to pursue a new exploration model for the district. The fact that there are anomalous gold values in the large breccias zones to the south of the main mineralization suggests that there is a tremendous upside potential for the district. We look forward to expanding our exploration targets in the future."

About Thunder Mountain Gold, Inc.:

Thunder Mountain Gold is an exploration company focused on the generation of precious and base metal projects in the Western United States, Mexico, and Alaska. A 73-year old company, Thunder Mountain Gold performs its own natural resource exploration and generates value for shareholders by aggressively developing high-grade, high-quality precious and base metal resources in politically stable mining regions.

Forward-Looking Statements: Statements made which are not historical facts, such as anticipated production, exploration results, costs or sales performance are "forward-looking statements", and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals prices volatility, volatility of metals production, exploration project uncertainties, industrial minerals market conditions and project development risks. Refer to the Company's Periodic Filings for a more detailed discussion of factors that may impact expected future results. Thunder Mountain Gold undertakes no obligation to publicly update or revise any forward-looking statements.

Cautionary Note to Investors - The United States Securities and Exchange Commission ("SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce.

SOURCE: Thunder Mountain Gold, Inc.
Thunder Mountain Gold, Inc.
Investor Relations:
Eric Jones, 208-658-1037
eric@thundermountaingold.com
or Jim Collord, 208-658-1037
jim@thundermountaingold.com

Copyright Business Wire 2008

Inter-Citic Intersects 32.5 Metres Averaging 3.91 GPT Gold in Step-Out Hole at Dachang

Other Results Include 19.6 Metres Averaging 6.32 GPT Gold And 13.0 Metres Averaging 4.74 GPT Gold

TORONTO, ONTARIO, Nov 03, 2008 (MARKET WIRE via COMTEX) -- Inter-Citic Minerals Inc. (CA:ICI) ("Inter-Citic" or "the Company") President and CEO James Moore, is pleased to report results received from the fifth set of drill holes from the Company's 2008 diamond drill program at its Dachang Gold Project in China. The drill holes reported in this release include both step-out holes in new parts of the property outside of the previously reported NI 43-101 compliant inferred resource area, as well as infill holes on the Dachang Main Zone (DMZ).

Drill Highlights:

- Drill hole CJV-483 is a step-out hole on the Dachang Main Zone Extension (DMZ-X), and intersected multiple mineralized zones, including 32.5 metres of mineralization averaging 3.91 GPT contained gold.

- Drill hole CJV-495 is a step-out hole on the Dachang Main Zone Extension (DMZ-X), and intersected multiple mineralized zones, including 19.6 metres of mineralization averaging 6.32 GPT contained gold.

- Drill hole CJV-471 is an infill hole on the Dachang Main Zone (DMZ) and intersected multiple mineralized zones, including 13.0 metres of mineralization averaging 4.74 GPT contained gold.

Other results include:

- Drill hole CJV-461 intersected multiple mineralized zones, including 3.5 metres of mineralization averaging 10.67 GPT contained gold. This hole is a step-out hole in a new area of the property outside of the previously reported NI 43-101 compliant inferred resource area.

- Drill hole CJV-475 intersected 4.2 metres of mineralization averaging 7.41 GPT contained gold. This hole is a step-out hole in a new area of the property.
- Drill hole CJV-476 intersected multiple mineralized zones, including 7.1 metres of mineralization averaging 5.36 GPT contained gold. This is an infill hole to the previously reported NI 43-101 compliant inferred resource area.

- Drill hole CJV-477 intersected multiple mineralized zones, including 10.3 metres of mineralization averaging 5.16 GPT contained gold. This is an infill hole.

- Drill hole CJV-478 intersected multiple mineralized zones, including 4.0 metres of mineralization averaging 6.44 GPT contained gold. This hole is a step-out hole in a new area of the property.

- Drill hole CJV-487 intersected multiple mineralized zones, including 6.5 metres of mineralization averaging 5.03 GPT contained gold. This hole is a step-out hole in a new area of the property.

- Drill hole CJV-494 intersected multiple mineralized zones, including 9.4 metres of mineralization averaging 3.62 GPT contained gold. This is an infill hole.

- Drill hole CJV-498 intersected multiple mineralized zones, including 9.0 metres of mineralization averaging 7.00 GPT contained gold. This hole is a step-out hole in a new area of the property.

- Drill hole CJV-504 intersected multiple mineralized zones, including 8.1 metres of mineralization averaging 5.73 GPT contained gold. This hole is a step-out hole in a new area of the property.

- Drill hole CJV-506 intersected multiple mineralized zones, including 1.0 metre of mineralization averaging 14.2 GPT contained gold and another of 3.3 metres of mineralization averaging 5.58 GPT contained gold. This hole is a step-out hole in a new area of the property.

Detailed drilling results are set out in the chart below:

-----------------------------------------------------------------------
----
Diamond Section/ Dip/ From To Drill Gold
Drill Hole Location Azimuth (Metres) (Metres) Width Assay
No. (Degrees) (Metres) (grams
Per
tonne)
---------------------------------------------------------------------------
CJV-457 3065E / DMZ-X -88/20 21.70 23.70 2.00 0.75
CJV-457 70.70 71.90 1.20 1.19
CJV-457 81.20 82.30 1.10 1.61
CJV-457 92.60 93.40 0.80 1.62
CJV-457 106.10 107.10 1.00 1.87
CJV-457 124.80 126.00 1.20 4.98
CJV-461 3065E / DMZ-X -45/20 28.50 33.50 5.00 2.16
CJV-461 40.50 41.70 1.20 1.46
CJV-461 47.50 48.90 1.40 1.25
CJV-461 51.00 52.00 1.00 0.93
CJV-461 90.50 91.50 1.00 0.61
CJV-461 106.50 110.00 3.50 10.67
CJV-465 3234E / DMZ-X -88/20 assays pending
CJV-466 11100 /DMZ -48/20 52.50 53.50 1.00 2.29
CJV-466 66.60 71.60 5.00 1.74
CJV-466 79.20 82.60 3.40 1.83
CJV-466 95.00 95.70 0.70 5.23
CJV-466 98.20 101.00 2.80 2.68
CJV-466 110.90 114.30 3.40 1.15
CJV-470 3234E / DMZ-X -45/20 assays pending
CJV-471 10150 / DMZ -80/20 17.00 18.00 1.00 0.91
CJV-471 46.10 59.10 13.00 4.74
CJV-471 68.00 71.00 3.00 1.44
CJV-472 2900E / DMZ-X -74/20 assays pending
CJV-473 10150 / DMZ -45/20 assays pending
CJV-474 3400E / DMZ-X -80/20 assays pending
CJV-475 3400E / DMZ-X -50/20 114.10 118.30 4.20 7.41
CJV-475 142.30 143.40 1.10 1.64
CJV-476 11300 / DMZ -83/20 41.40 42.40 1.00 0.65
CJV-476 71.40 72.40 1.00 1.34
CJV-476 74.80 75.40 0.60 6.55
CJV-476 88.00 89.00 1.00 12.00
CJV-476 93.50 94.50 1.00 3.81
CJV-476 98.00 98.70 0.70 0.81
CJV-476 115.60 119.30 3.70 1.01
CJV-476 135.40 136.40 1.00 2.58
CJV-476 144.90 145.50 0.60 1.52
CJV-476 164.50 166.50 2.00 10.90
CJV-476 173.50 179.30 5.80 1.98
CJV-476 187.00 188.00 1.00 0.52
CJV-476 196.80 203.90 7.10 5.36
CJV-477 11700 / DMZ -53/20 82.80 83.80 1.00 1.28
CJV-477 87.80 89.80 2.00 1.37
CJV-477 95.50 100.60 5.10 2.42
CJV-477 104.00 105.00 1.00 1.25
CJV-477 115.00 125.30 10.30 5.16
CJV-477 133.90 134.90 1.00 2.12
CJV-478 2900E / DMZ-X -88/20 39.60 43.60 4.00 6.44
CJV-478 99.30 100.70 1.40 3.20
CJV-478 142.50 144.70 2.20 2.13
CJV-478 156.20 158.20 2.00 1.81
CJV-479 3400E / DMZ-X -45/20 49.50 52.60 3.10 0.93
CJV-479 75.00 77.00 2.00 0.58
CJV-479 87.00 88.30 1.30 0.86
CJV-480 12100 / DMZ -61/20 60.00 61.00 1.00 0.99
CJV-480 73.50 74.50 1.00 1.33
CJV-480 87.50 89.50 2.00 3.66
CJV-480 102.90 105.00 2.10 1.61
CJV-480 109.50 119.00 9.50 1.31
CJV-480 135.00 141.90 6.90 2.77
CJV-480 149.50 152.60 3.10 2.00
CJV-481 1300W / PVZ -45/20 17.50 19.00 1.50 0.64
CJV-481 24.00 25.00 1.00 0.61
CJV-481 70.00 75.00 5.00 1.28
CJV-481 94.00 98.00 4.00 1.19
CJV-481 171.00 173.30 2.30 1.60
CJV-481 177.20 179.50 2.30 2.29
CJV-481 191.00 192.00 1.00 0.67
CJV-481 198.00 199.00 1.00 1.00
CJV-481 211.70 212.50 0.80 0.66
CJV-482 12100 / DMZ -76/20 63.50 64.80 1.30 1.00
CJV-482 90.50 93.60 3.10 3.15
CJV-482 105.50 107.50 2.00 0.54
CJV-482 112.80 114.30 1.50 2.30
CJV-482 122.00 125.00 3.00 0.90
CJV-482 135.50 137.60 2.10 2.95
CJV-482 152.00 154.00 2.00 1.51
CJV-482 159.00 160.00 1.00 0.89
CJV-482 170.00 174.00 4.00 2.65
CJV-483 3565E / DMZ-X -65/20 32.00 64.50 32.50 3.91
CJV-483 71.50 73.50 2.00 0.85
CJV-483 107.50 108.50 1.00 0.60
CJV-484 11700 / DMZ -78/20 114.50 116.00 1.50 0.53
CJV-484 120.30 125.30 5.00 0.73
CJV-485 3565E / DMZ-X -48/20 32.50 34.50 2.00 0.81
CJV-485 42.50 49.50 7.00 1.64
CJV-485 53.00 54.00 1.00 2.01
CJV-485 76.70 85.30 8.60 0.91
CJV-485A 3565E / DMZ-X -45/20 36.50 38.50 2.00 0.50
CJV-486 3900E / DMZ-X -65/20 24.00 26.00 2.00 0.70
CJV-486 66.90 68.60 1.70 2.11
CJV-487 1300W / PVZ -90/20 2.00 3.00 1.00 0.60
CJV-487 9.70 10.70 1.00 0.52
CJV-487 24.70 31.20 6.50 5.05
CJV-487 101.50 102.40 0.90 5.68
CJV-487 120.20 121.20 1.00 1.47
CJV-487 147.80 148.50 0.70 1.08
CJV-487 155.80 158.80 3.00 2.71
CJV-487 172.00 173.00 1.00 0.50
CJV-487 175.80 176.80 1.00 1.16
CJV-487 198.00 201.00 3.00 1.68
CJV-488 12500 / DMZ -45/20 30.50 33.50 3.00 5.01
CJV-488 37.90 42.90 5.00 0.90
CJV-488 62.00 63.00 1.00 0.77
CJV-488 67.50 71.00 3.50 4.26
CJV-488 78.00 80.00 2.00 1.40
CJV-488 86.00 87.20 1.20 2.50
CJV-488 90.00 92.00 2.00 4.79
CJV-489 12000 / DMZ -54/20 81.20 88.80 7.60 1.16
CJV-489 91.50 95.50 4.00 2.76
CJV-489 98.50 102.00 3.50 1.43
CJV-489 105.30 108.30 3.00 1.10
CJV-489 120.80 127.00 6.20 3.10
CJV-489 135.80 139.80 4.00 1.14
CJV-489 145.50 147.70 2.20 2.97
CJV-489 159.80 163.60 3.80 2.45
CJV-490 12500 / DMZ -70/20 37.90 40.00 2.10 1.64
CJV-490 42.20 43.70 1.50 0.65
CJV-490 59.60 61.60 2.00 2.22
CJV-490 68.90 73.30 4.40 0.55
CJV-490 91.50 93.50 2.00 3.39
CJV-490 114.70 115.70 1.00 1.23
CJV-491 1300W / PVZ -90/20 23.20 24.30 1.10 2.52
CJV-491 102.00 103.10 1.10 2.26
CJV-492 1300W / PVZ -60/20 16.20 19.20 3.00 0.92
CJV-492 87.00 88.00 1.00 0.50
CJV-492 145.30 146.40 1.10 0.67
CJV-492 147.40 148.40 1.00 0.59
CJV-493 3900E / DMZ-X -45/20 126.60 127.60 1.00 0.90
CJV-494 12500 / DMZ -88/20 33.50 34.40 0.90 1.01
CJV-494 37.50 40.70 3.20 0.80
CJV-494 47.20 48.20 1.00 1.20
CJV-494 55.00 56.00 1.00 0.90
CJV-494 98.20 99.20 1.00 0.58
CJV-494 108.90 111.40 2.50 2.86
CJV-494 117.30 126.70 9.40 3.62
CJV-494 142.90 143.70 0.80 0.54
CJV-494 151.70 152.50 0.80 0.78
CJV-494 157.60 158.30 0.70 1.90
CJV-495 3565E / DMZ-X -88/20 33.00 37.00 4.00 1.58
CJV-495 65.70 85.30 19.60 6.32
CJV-495 90.30 91.30 1.00 0.51
CJV-495 103.10 103.80 0.70 0.62
CJV-496 12000 / DMZ -77/20 72.40 76.40 4.00 0.59
CJV-496 108.50 109.50 1.00 0.62
CJV-496 118.70 119.70 1.00 0.73
CJV-496 122.00 123.30 1.30 1.15
CJV-496 127.00 130.00 3.00 1.96
CJV-496 161.30 162.80 1.50 1.60
CJV-496 170.00 173.20 3.20 0.91
CJV-496 181.50 182.70 1.20 1.36
CJV-496 186.60 188.60 2.00 0.85
CJV-497 2250E / DMZ-X -45/20 30.00 31.00 1.00 2.54
CJV-498 1100W /PVZ -45/20 3.70 7.60 3.90 0.50
CJV-498 23.00 32.00 9.00 7.00
CJV-498 45.60 47.10 1.50 0.99
CJV-498 92.00 93.00 1.00 1.04
CJV-498 142.00 143.00 1.00 0.59
CJV-498 156.70 161.10 4.40 1.51
CJV-498 167.60 169.60 2.00 1.80
CJV-499 12500 / DMZ -70/20 53.10 55.40 2.30 3.27
CJV-499 70.50 73.00 2.50 4.16
CJV-499 86.00 87.20 1.20 2.40
CJV-499 121.10 129.00 7.90 2.23
CJV-499 131.60 133.50 1.90 2.49
CJV-499 141.00 142.00 1.00 0.51
CJV-500 3065E / DMZ-X -45/20 no significant assays
CJV-501 3900E / DMZ-X -88/20 147.00 148.00 1.00 0.51
CJV-501 163.50 164.50 1.00 0.65
CJV-502 8500 / DMZ -45/20 39.00 49.00 10.00 1.84
CJV-502 67.40 69.80 2.40 2.99
CJV-502 97.00 100.00 3.00 1.51
CJV-503 3565E / DMZ-X -80/20 22.00 23.50 1.50 1.33
CJV-503 49.00 49.90 0.90 0.51
CJV-503 56.20 57.80 1.60 3.74
CJV-503 72.00 73.00 1.00 1.27
CJV-503 75.70 78.00 2.30 2.49
CJV-503 110.70 111.70 1.00 0.96
CJV-503 125.50 126.30 0.80 2.03
CJV-503 138.30 139.30 1.00 0.75
CJV-504 3565E / DMZ-X -70/20 93.40 101.50 8.10 5.73
CJV-505 12500 / DMZ -70/20 58.00 59.00 1.00 0.75
CJV-505 73.00 75.10 2.10 2.47
CJV-505 131.00 132.00 1.00 1.12
CJV-505 138.80 141.80 3.00 4.65
CJV-505 148.50 151.70 3.20 0.99
CJV-505 158.30 159.30 1.00 1.74
CJV-505 171.50 172.50 1.00 1.41
CJV-506 1100W /PVZ -89/20 30.00 34.00 4.00 0.70
CJV-506 65.00 66.00 1.00 1.02
CJV-506 129.40 130.40 1.00 1.51
CJV-506 145.20 146.20 1.00 14.20
CJV-506 175.80 179.10 3.30 5.58
CJV-506 208.30 209.30 1.00 1.60
CJV-506 213.30 214.30 1.00 0.58
CJV-506 217.30 218.65 1.35 0.67
CJV-507 2250E /DMZ-X -89/20 no significant assays
CJV-508 8500 / DMZ -65/20 lost in fault zone
CJV-509 3565E / DMZ-X -45/20 48.00 57.30 9.30 1.02
CJV-509 71.80 74.50 2.70 0.93
CJV-510 1100W /PVZ -68/20 13.70 16.70 3.00 1.39
CJV-510 38.00 39.00 1.00 2.88
CJV-510 49.00 50.00 1.00 1.19
CJV-510 64.00 67.00 3.00 1.66
CJV-510 84.40 85.60 1.20 4.53
DMZ: Dachang Main Zone - The original 2km long zone of mineralization
defined by the 2006 DDH program
DMZ-X: Dachang Main Zone Extension - A 1.5 km long zone of mineralization
extending off the eastern end of the DMZ as defined by the 2007 DDH
program
PVZ: Placer Valley Zone - A south dipping mineralized fault 1 km south of
the DMZ


Assay cut-off for the above table was at 0.5 gpt Au, however, intervals were determined by geological interpretation of consistent mineralized zones. Broader intervals may include waste intervals of up to 2m. There was no evidence of nugget effect and none were topcut. True widths for the intervals above have yet to be determined.

Step-out drill holes are in new areas of the Dachang Gold Property adjacent to the Company's existing NI 43-101-compliant inferred resource area on the DMZ, and on the Placer Valley anomaly (PVZ), a mineralized fault zone identified approximately 1 km to the south of the DMZ. Infill holes are testing continuity of the Company's existing NI 43-101-compliant inferred resource area on the total 3+ km extent of the Dachang Main Zone as described in the Company's press release of April 10, 2008. The sulphide mineralization of the DMZ is open to depth along most of this defined fault structure and is still open to the east. A visual representation of the location of the drill holes in this release can be seen at:

http://www.corebox.net/properties/dachang/ or as a map on the Company's website.
Seven drills are currently operating at Dachang to complete up to 50,000 metres of drilling this year aimed at increasing much of the existing inferred resource inventory to an indicated level as well as resource expansion in new areas of the property. Inter-Citic has now completed the majority of its infill program and is currently drilling in new areas outside the Company's existing NI 43-101-compliant inferred resource area.

More than 100 additional drill holes have been completed at Dachang and are pending assay results, which will be reported as they become available.

Inter-Citic is also pleased to report that its third quarter financial statements for the period ending August 31, 2008, shows Inter-Citic had in excess of $20 million CDN in cash. The Company's third quarter financial statements dated October 10, 2008 are available on Inter-Citic's website and SEDAR.

Sample Methodology:

Drill core samples were taken at geologically significant intervals, typically over one metre. Core recovery was in excess of 90%. The designated sample intervals were cut with a diamond saw by qualified technicians. One half of the cut core was selected for assay with the remaining half being placed back into the core box. Care was taken to ensure that neither half of the core represents a bias with respect to the nature and mineral content of the sample. The sample interval and methodology are consistent with industry standards. Drill core samples were shipped to SGS Geochemical Laboratories ("SGS") located in Kunming and Tianjin, China for sample preparation and 50g fire assay with AA finish. SGS is the world's leading inspection, verification, testing and certification company. Analytical work is performed in accordance with recognized standards such as ASTM, ISO, JIS, and other accepted industry standards. Accuracy of the results is tested through the systematic inclusion of reference samples and duplicate samples.

Security of Samples: All of the samples collected at Dachang are stored in a restricted secure storage area. Samples are shipped by truck to Golmud and delivered to Inter-Citic's courier agent in Golmud for shipment to the various laboratories for analysis. Inter-Citic's courier agents are present at all transshipment points between Golmud and the laboratories. Exploration at Dachang was conducted with the assistance of the numerous professionals from the Qinghai Geological Survey Institute, working in co-operation with Inter-Citic's technical team on site and supervised by Mr. Garth Pierce, Vice-President of Exploration.

Subject to regulatory approval, the Company also announces that the Board has approved the grant of 100,000 stock options to Mr. Patrick Gorman pursuant to the terms of Inter-Citic's Stock Option Plan, at an exercise price of $0.50 with an expiry date of November 3, 2010. As reported in the Company's press release of July 22, 2008, Mr. Gorman is a chartered mining engineer and is a competent/qualified person as defined by the NI-43-101 and AIM rules, and has been engaged to oversee the preparation and drafting of a Preliminary Scoping Study for Inter-Citic's Dachang Gold Project.

Mr. Michael W. Leahey, P.Geo., the Company's internal Qualified Person under the requirements of National Instrument 43-101, has reviewed a copy of this press release.

Mr. B. Terrence Hennessey, P.Geo., of Micon International Limited is a Qualified Person under the requirements of National Instrument 43-101 and has reviewed a copy of this press release.

On Behalf of the Board:

James J. Moore, President & CEO

ABOUT INTER-CITIC:

Toronto-based Inter-Citic Minerals Inc. is an exploration and development company with properties in the People's Republic of China, including its Dachang Gold Project in Qinghai Province. Inter-Citic is listed on the TSX under the symbol ICI. Inter-Citic's website is www.inter-citic.com.

Investors are encouraged to review "Risk Factors" associated with the Dachang project as outlined in the Company's 2007 Financial Statements and Annual Information Form available on the SEDAR website at www.sedar.com. The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contacts:

Inter-Citic Minerals Inc.
Stephen Lautens
Vice President, Corporate Communications
(905) 479-5072 x 227
Email: stephen@inter-citic.com
Website: Inter-Critic



SOURCE: Inter-Citic Minerals Inc.
mailto:stephen@inter-citic.com
http://www.inter-citic.com

Copyright 2008 Market Wire, All rights reserved.

Gold Resource Corporation Intercepts 1.4m of 55.30 g/t Gold Within 7.8m of 20.34 g/t Gold at El Rey

Gold Resource Corporation (GRC) (OTCBB: GORO) (FRANKFURT: GIH) is pleased to report 1.4 meters of 55.30 g/t gold within 7.8 meters of 20.34 g/t gold at El Rey. El Rey is one of 4 properties in the state of Oaxaca, Mexico in which GRC has 100% interest. El Rey is being evaluated for development where high-grade gold ore could potentially be trucked 95 kilometers to GRC's El Aguila mill, currently under construction. GRC targets production at its El Aguila Project Q1, 2009, subject to obtaining remaining permits, regulatory approvals, equipment delivery and construction schedules.

El Rey recent drill highlights include:

Hole # 208018


-- 1.4 meters of 55.30 g/t gold, 70.7 g/t silver and
-- 1.0 meter of 23.70 g/t gold, 164.0 g/t silver and
-- 1.4 meters of 14.30 g/t gold, 56.2 g/t silver within
-- 7.8 meters of 20.34 g/t gold, 78.3 g/t silver


Hole # 208036


-- 1.0 meter of 29.10 g/t gold, 27.0 g/t silver and
-- 1.0 meter of 23.70 g/t gold, 35.8 g/t silver


El Rey previous and recent drill highlights include:


Hole Deg From Length Au Ag AuEq* AgEq*
Number Meters Meters g/t g/t g/t oz/tonne
---------------------------------------------------------------------------
2007 Highlights
---------------------------------------------------------------------------
7802 -40 72.0 1.0 20.30 13.6 20.57 0.66
7802 -40 73.0 1.0 66.40 86.2 68.12 2.19
7802 -40 74.0 1.0 3.94 60.2 5.14 0.17
7802 -40 75.0 1.0 3.97 83.1 5.63 0.18
7802 -40 76.0 1.0 31.80 118.0 34.16 1.10
7802 -40 77.0 1.0 3.81 100.0 5.81 0.19
7802 -40 78.0 2.0 6.90 84.4 8.59 0.28
7802 -40 80.0 1.0 30.30 43.6 31.17 1.00
------------ -------- -------- -------- -------- -------- -------- --------
Average 72.0 9.0 19.37 74.8 20.87 0.67
------------ -------- -------- -------- -------- -------- -------- --------
Including 72.0 2.0 43.35 49.9 44.35 1.43
------------ -------- -------- -------- -------- -------- -------- --------
Including 73.0 1.0 66.40 86.2 68.12 2.19
------------ -------- -------- -------- -------- -------- -------- --------
7808 -45 56.0 0.5 3.84 101.0 5.86 0.19
7808 -45 56.5 0.5 5.78 44.6 6.67 0.21
7808 -45 57.0 0.5 13.85 134.0 16.53 0.53
7808 -45 57.5 0.5 16.25 1585.0 47.95 1.54
7808 -45 58.0 0.5 3.55 1240.0 28.35 0.91
------------ -------- -------- -------- -------- -------- -------- --------
Average 56.0 2.5 8.65 620.9 21.07 0.68
------------ -------- -------- -------- -------- -------- -------- --------
Including 57.5 1.0 9.90 1412.5 38.15 1.23
------------ -------- -------- -------- -------- -------- -------- --------
7810 -40 27.0 1.0 132.50 88.0 134.26 4.32
---------------------------------------------------------------------------
2008 Highlights
---------------------------------------------------------------------------
208001 -45 33.0 1.5 3.22 74.0 4.70 0.15
208001 -45 34.5 1.5 18.65 272.0 24.09 0.77
------------ -------- -------- -------- -------- -------- -------- --------
Average 33.0 3.0 10.94 173.0 14.40 0.46
------------ -------- -------- -------- -------- -------- -------- --------
208002 -60 38.0 1.0 5.66 120.0 8.06 0.26
208008 -60 39.0 1.0 12.70 14.5 12.99 0.42
208010 -60 114.0 1.0 2.66 19.5 3.05 0.10
208010 -60 115.0 1.0 13.50 55.0 14.60 0.47
------------ -------- -------- -------- -------- -------- -------- --------
Average 114.0 2.0 8.08 37.3 8.83 0.28
------------ -------- -------- -------- -------- -------- -------- --------
208011 -45 50.0 1.0 8.96 9.1 9.14 0.29
208011 -45 51.0 1.0 23.30 19.7 23.69 0.76
208011 -45 52.0 3.0 31.50 48.5 32.47 1.04
------------ -------- -------- -------- -------- -------- -------- --------
Average 50.0 5.0 25.35 34.9 26.05 0.84
------------ -------- -------- -------- -------- -------- -------- --------
Including 52.0 3.0 31.50 48.5 32.47 1.04
------------ -------- -------- -------- -------- -------- -------- --------
208011 -45 59.0 1.0 6.75 83.6 8.42 0.27
208012 -60 58.0 1.0 4.26 13.3 4.53 0.15
208012 -60 59.0 1.0 3.07 12.4 3.32 0.11
208012 -60 60.0 1.0 21.80 57.0 22.94 0.74
208012 -60 61.0 1.0 3.98 52.7 5.03 0.16
208012 -60 62.0 1.0 5.64 95.0 7.54 0.24
208012 -60 63.0 1.0 0.98 19.7 1.37 0.04
208012 -60 64.0 1.0 4.63 83.3 6.30 0.20
208012 -60 65.0 1.0 6.15 22.0 6.59 0.21
------------ -------- -------- -------- -------- -------- -------- --------
Average 58.0 8.0 6.31 44.4 7.20 0.23
------------ -------- -------- -------- -------- -------- -------- --------
208013 -45 73.0 1.0 23.90 204.0 27.98 0.90
208013 -45 74.0 1.0 2.03 43.2 2.89 0.09
208013 -45 75.0 1.5 6.04 42.8 6.90 0.22
208013 -45 76.5 1.5 0.74 57.2 1.88 0.06
208013 -45 78.0 1.5 13.95 191.0 17.77 0.57
------------ -------- -------- -------- -------- -------- -------- --------
Average 73.0 6.5 8.77 105.2 10.88 0.35
------------ -------- -------- -------- -------- -------- -------- --------
208018 -45 96.2 1.4 55.30 70.7 56.71 1.82
208018 -45 97.6 1.4 14.30 56.2 15.42 0.50
208018 -45 99.0 3.0 9.25 72.1 10.69 0.34
208018 -45 102.0 1.0 23.70 164.0 26.98 0.87
208018 -45 103.0 1.0 9.80 52.5 10.85 0.35
------------ -------- -------- -------- -------- -------- -------- --------
Average 96.2 7.8 20.34 78.3 21.91 0.70
------------ -------- -------- -------- -------- -------- -------- --------
Including 96.2 2.8 34.80 63.5 36.07 1.16
------------ -------- -------- -------- -------- -------- -------- --------
Including 96.2 1.4 55.30 70.7 56.71 1.82
------------ -------- -------- -------- -------- -------- -------- --------
208023 -45 27.2 1.0 5.98 9.9 6.18 0.20
208023 -45 28.2 1.0 9.32 18.5 9.69 0.31
------------ -------- -------- -------- -------- -------- -------- --------
Average 27.2 2.0 7.65 14.2 7.93 0.26
------------ -------- -------- -------- -------- -------- -------- --------
208023 -45 55.7 0.8 3.86 251.0 8.88 0.29
208024 -60 59.0 1.0 63.20 44.0 64.08 2.06
208024 -60 60.0 2.0 65.70 156.0 68.82 2.21
208024 -60 62.0 1.0 19.75 94.0 21.63 0.70
208024 -60 63.0 1.0 11.85 164.0 15.13 0.49
------------ -------- -------- -------- -------- -------- -------- --------
Average 59.0 5.0 45.24 122.8 47.70 1.53
------------ -------- -------- -------- -------- -------- -------- --------
Including 59.0 3.0 64.87 118.7 67.24 2.16
------------ -------- -------- -------- -------- -------- -------- --------
208036 -60 87.0 1.0 29.10 27.0 29.64 0.95
208036 -60 91.0 1.0 23.70 35.8 24.42 0.78
------------ -------- -------- -------- -------- -------- -------- --------
*AuEq = Au @ $650, Ag @ $13. Assays by ALS Chemex, Vancouver, BC Canada


Mr. William W. Reid, President of Gold Resource Corporation, stated, "El Rey's high-grade gold intercepts are impressive with 1.4 meters of 55.30 grams, (or 1.78 ounces) gold per tonne within 7.8 meters of 20.34 grams gold per tonne and with previously drilled high grade intercepts included 1 meter of 132.50 grams, (or 4.26 ounces) gold per tonne and 3 meters of 64.87 grams, (or 2.08 ounces) of gold per tonne."

Mr. Reid continued, "With multiple high-grade intercepts of one ounce gold or greater we are optimistic about the potential of El Rey becoming a mine. Mineralization is relatively shallow and could facilitate an easy startup. We are currently analyzing this vein system for possible development."

"Though our main focus has been and will continue to be bringing the Company's flagship El Aguila Project into production, we are evaluating the possibility of blending El Rey's high-grade gold mineralization into the second half of our first 12 month production schedule. The permitting process for El Rey is underway and initial metallurgical tests recovered 94% of the gold and 75% of the silver," stated Mr. Reid

Mr. Reid stated, "The ability to truck ore from multiple properties to feed the strategically located Aguila mill could potentially add to longevity of operations, maintain the highest head grade through the mill and hold capital costs of developing additional projects to a minimum."

About GRC

Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 34,324,619 shares outstanding and no warrants. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan," "target," "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that commercial production at the El Aguila Project will be achieved in the time frames estimated, at the rates and costs estimated, or even at all. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-K and Form S-1 filed with the Securities and Exchange Commission.

Contact:
Jason Reid
VP / Corporate Development
303-320-7708