UPDATE 1-China Dalian Port receives first VLCC after blast

300,000-tonne oil berth resumes operations

* Tanker discharging at a pace one third of normal rate

* Slow speed due to temporary pipeline installed after blast (Adds details of first VLCC discharging now)

HONG KONG/BEIJING, July 29 (Reuters) – China’s Dalian Port is receiving the first very large crude carrier nearly two weeks after a pipeline blast that spilled oil into the sea and forced its only 300,000-tonne berth to shut, state media said on Thursday.

The resumption of oil discharging from China-flagged tanker “Yuanshanhu” started at midnight on Wednesday but it would be at a slower pace than before the accident after PetroChina, operator of the Xingang oil terminal, installed a temporary crude line.

A Dalian-based shipping agent told Reuters that the new crude line only allowed 5,000 cubic metres of oil flow each hour. That compares with a normal rate three times as fast, which means further potential delays in offloading arriving vessels or more cargoes being diverted.

“The idea is to lighten up the big tanker first before moving to the nearby smaller berth which can offload about 8,000 cubic metres per hour,” said the shipping official.

The vessel carries Middle Eastern crude for PetroChina’s WEPEC refinery, the 200,000 barrel-per-day plant close to the site of the accident that was forced to cut production and halt fuel exports after the explosion damaged two main pipelines and a crude tank at the port.

Dalian Port (2880.HK) said earlier on Thursday it had resumed operations at all its terminal and ground facilities, including the largest berth of 300,000 dead weight tonnage (dwt), the port said in a filing with the Hong Kong bourse.

Dalian Port also said it would start operating in the near future a super large crude berth, No. 22, designed to handle 450,000 dwt tanker, which will be the country’s largest. (Reporting by Donny Kwok in Hong Kong and Chen Aizhu in Beijing; Editing by Jacqueline Wong)

UPDATE 1-Dalian resumes operations at two oil berths

HONG KONG, July 25 (Reuters) – Dalian Port Co. (2880.HK) has resumed operations at two of its oil berths and its main 300,000 tonnage berth is expected to reopen soon, the company said on Sunday, after a fire at the port a week ago shut the berths down.

Normal operations resumed at oil berths No.1 and No.2 on Sunday, the company said in a statement to the Hong Kong stock exchange.

The company expects its No.0 berth, able to dock large 300,000-tonne crude carriers, will also return to normal operation soon, the statement said.

No.1 berth handles mainly crude oil and has a berthing capacity of 150,000 dead weight tonnage (dwt) and No.2 handles both crude and refined oil and has a capacity of 80,000 dwt.

A Dalian-based shipping official told Reuters earlier on Sunday that because oil spill clean-up was still under way, ships that were able to dock at some of the berths since mid-last week had to be cleaned first before loading or offloading, meaning the traffic would stay low.

Refinery operations have been disrupted and cargoes diverted since a pipeline explosion and fire hit the Xingang port, home to a 19 million barrel strategic petroleum reserve, during a tanker offloading over a week ago, spilling 1,500 tonnes of crude into the sea to leave a slick covering 183 sq km (71 sq miles).

The fire damaged two main crude pipelines that are linked to the largest berth as well as a 100,000 cubic metre oil tank, which industry officials have estimated will take weeks to fully repair. (Additional reporting by Aizhu Chen; editing by Karen Foster)

Vena Upgrades 1,000,000 Tonnes to Measured Resources at Azulcocha

TORONTO, ONTARIO, Jul 09 (MARKET WIRE) —
Vena Resources Inc. (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF),
a Company with strong partnerships with four of the world’s largest
mining companies, is pleased to announce that Henkle and Associates has
completed the resource estimate for Vena’s Azulcocha mine. The updated
estimate significantly upgrades the tonnage available for production in
the near term. Henkle’s report will be published within 45 days and will
include a resource estimate for the Manganese mineralized portions of the
Azulcocha Cuerpo as well.

In February 2008, Vena reported an “indicated resource” of 865,132 tonnes
containing 10% Zinc at a cut-off of 5%. Based on the ongoing underground
work that has been undertaken since 2008, Vena can now report that it has
upgraded more than 900,000 tonnes to a “measured resource” category as
well as additional indicated and inferred tonnage as the following table
outlines:

—————————————————————————-

% Cut-Off Measured % Zinc % Mn Indicated % Zinc % Mn Inferred % Zinc % Mn
—————————————————————————-
5.00 902,457 8.40 11.60 771,941 7.90 9.90 320,310 8.10 6.00
4.00 1,023,094 7.90 11.70 978,808 7.20 12.10 424,832 7.30 10.80
3.00 1,381,083 6.70 12.80 1,299,343 6.20 12.90 570,292 6.30 12.50
2.50 1,417,811 6.60 12.80 1,358,573 6.10 12.70 627,780 6.00 12.60
—————————————————————————-

Juan Vegarra, Chairman and CEO of Vena commented:

“We are pleased to report more than 900,000 tonnes of measured resources
as well as a significant upside in the indicated/inferred category. We
are confident that the final NI 43-101 report will contain significant
credits in the Manganese mineralized portions of the Cuerpo to make
Azulcocha a viable mine given current market prices.”

This report was prepared by William R. Henkle, Jr., P.Geo., Vena’s
Qualified Person as defined by NI 43-101.

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the
exploration and development of Peru’s mineral potential. Employing a
model of diversification across metals and regions in Peru to mitigate
investment risk, the Company consists of four divisions: Mining, Clean
Energy, Precious Metals and Base Metals. Together with the Company’s
strategic partners, Cameco, Gold Fields, Glencore and Trafigura, Vena
will advance its significant portfolio of almost 75,000 hectares this
year. Through its board of directors and advisors, Vena Resources
possesses a unique quality of skills and experience in management, mining
and finance globally.

Statements in this press release regarding the Company’s business which
are not historical facts are “forward-looking statements” that involve
risks and uncertainties, such as estimates and statements that describe
the Company’s future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or
result to occur. Since forward-looking statements address future events
and conditions, by their very nature, they involve inherent risks and
uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements.

Shares Outstanding: 88,429,910

Fully-Diluted: 103,253,944

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

Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com

Vena Resources Inc.
Andres Tinajero
Chief Financial Officer
(416) 361-2838
atinajero@venaresources.com
www.venaresources.com

Copyright 2010, Market Wire, All rights reserved.

Lappland Goldminers AB: Lappland Goldminers AB – Strategic update and first report from the Fäboliden feasibility work.

The new mineral resource estimate for Fäboliden forms the basis of open pit optimisation
and studies into options for underground mining. The ongoing feasibility studies will
seek to establish the optimum mining rate and extraction of payable ore.

The Fäboliden gold mineralisation is a central part in the strategy for Lappland
Goldminers to develop as a major gold producing mining company in Europe. Golder
Associates, a renowned international consulting company, has finalised their review of
the mineral resource estimate which will, together with capital investment and operating
costs, form the basis of a new ore reserve calculation which will be reported on in the
feasibility study.

The updated resource estimate shows that the measured and indicated mineral resource at
a cut-off grade of 0.4 grams of gold per tonne amounts to 57.8 million tonnes with 1.05
grams of gold per tonne and 2.81 grams of silver per tonne. In addition there is an
inferred mineral resource of 32.4 million tonnes with 1.04 grams of gold per tonne and
with 3.37 grams of silver per tonne. As shown in Table 1, both tonnage and gold grades
in the measured and indicated mineral resource are lower than previously reported
estimates.

Golder Associates has also estimated the measured and indicated mineral resources at
different cut-off grades as shown in Table 2. This shows the variations of gold and
silver grades and tonnages with varying cut-off grades.

The lower gold grade in the measured and indicated category at a cut-off of 0.4 grams of
gold per tonne impacts the future circumstances for profitable mining and will be
dependent the future level of the gold price expressed in SEK. The feasibility study
will therefore need to consider cut-off grades appropriate to the mining methods now
under consideration. This means selective mining of higher grade portions of the
mineralisation will be investigated that may result in lower production rates and plant
throughputs and a shorter mine life.

If the current high gold price (about 300 SEK per gram) persists, it will have a
positive impact on the study.

The updated mineral resource estimate has led to a need to consider alternative
selective underground mining methods and the need to define a new production optimum. As
a result of these additional studies, the feasibility study is now due to be completed
in the second quarter of 2011.

Fäboliden Mineral Resource Estimate June 2010.pdf

https://hugin.info/134992/R/1429489/376536.pdf

The efforts to increase the ore reserves continues in Pahtavaara.

Pahtavaara mine, where Lappland Goldminers has ongoing gold production, is located in
the municipality of Sodankylä in Finland. The area is considered to have great potential
to host additional gold mineralisation’s that could be mined and sent to the company´s
concentrator. The shallow parts of the Länsi mineralisation, located immediately
adjacent to the existing mine, has been drilled and investigated with 31 core drill
holes and 13 reverse circulation holes (totally 4 700 meter). Measured and indicated
mineral resources are estimated to 60.0 thousand tonnes with 2.97 grams of gold per
tonne (Table 3). The estimate is carried out by T. Lindholm (GeoVista AB) that is an
independent consultant and qualified person (QP), according to the Svemin, the FinnMin
and the JORC codes for reporting.

Estimate of Länsi mineral resource June 2010.pdf

https://hugin.info/134992/R/1429501/376558.pdf

The Länsi mineralisation is still open towards northwest and towards depth. A drilling
program comprising 6000 meter, where the majority is drilled in the Länsi area, has
started in June to investigate the mineralisation further.

Continued core drilling at Ersmarksberget

During the fourth quarter of 2009, a drilling program was resumed to investigate the
previously identified Central and South One gold mineralisation´s at depth. Within the
current mining concession, fourteen core drill holes were drilled (3 400 meter). The
analyses from eight holes aimed at Central and from two aimed at South One, are
available for disclosure (Table 4). The results so far indicate that further drilling is
required towards depth in Central mineralisation. South One mineralisation has been
extended and is still open to the south. An additional drill program comprising of 3 000
meter core drilling has been started during May 2010.

Ersmarksberget Core Drilling Phase I.pdf https://hugin.info/134992/R/1429489/376538.pdf

The goal for the ongoing investigation at Ersmarksberget is to define enough mineral
reserves to allow for profitable mining. If the outcome of the investigation is positive
a mineral resource estimate will be finalised. After metallurgical tests and estimates
of operating costs and a subsequent calculations of ore reserves it should possible to
make a decision in quarter three 2010 about the potential future start up of production.

For further information:

Kjell Larsson, CEO
Tel 0950-27506 eller 070-385 03 57
E-mail: kjell.larsson@lgold.se mailto:kjell.larsson@lgold.se

Also visit:

www.lapplandgoldminers.com

About Mangold Fondkommission: www.mangold.se http://www.mangold.se/

The technical part of this press release has been approved by Risto Virkkunen, the
company´s and by SveMin and FinnMin registered qualified person (QP).

Lappland Goldminers AB is a producing mining company with significant exploration
activities. The Company is listed on the market place First North Premier under the name
GOLD, with Mangold Fondkommission AB as Certified Adviser, as well as on the Norwegian
OTC list. Lappland Goldminers’ strategy is to develop mineral deposits into profitable
producing mines. The Company is strategically positioned with the the fully permitted
Fäboliden gold project and the Ersmarksberget deposit and processing plant in northern
Sweden. The Pahtavaara gold operation is located in the north of Finland and the Haveri
gold deposit in the south of Finland. Lappland Goldminers is a member of SveMin, the
Swedish association for mines, minerals and metal producers, and follows SveMin’s
reporting rules for public mining and exploration companies.

HUG#1429501

Fäboliden Mineral Resource Estimate June 2010

http://hugin.info/134992/R/1429501/376557.pdf

Estimate of Länsi mineral resource June 2010

http://hugin.info/134992/R/1429501/376558.pdf

Ersmarksberget Core Drilling Phase I.pdf http://hugin.info/134992/R/1429501/376559.pdf

Press release (PDF) http://hugin.info/134992/R/1429501/376556.pdf

BRIEF-Maersk says restocking drives Europe demand surge

June 17 (Reuters) – Maersk Line’s (MAERSKb.CO) head of Network and Product and management board member Lars Reno Jakobsen told Reuters:

Stocks | Global Markets | Industrials

* European demand surge still driven by restocking, future uncertain.

* All major vessels employed, only minor tonnage still laid up.

* Maersk has obtained 50,000 extra 40-foot containers to deal with equipment shortage.

* Sees nearly same trends in Trans-Pacific trade as in Europe-Asia. (Reporting by Peter Levring)

VG Gold`s Paymaster West Project Returns Highest Gold Grades Yet – 1,850 grams per tonne gold over 0.9 metres (53.96 opt over 2.8 feet)

TORONTO–(Business Wire)–
VG Gold Corp., (TSX: VG), (FRANKFURT: VN3), (OTC: VGGCF) is pleased to announce
new core results from the Paymaster West Property located in Timmins, Ontario.
These encouraging results continue to demonstrate the potential for 1) narrow
high-grade mineralization, including the richest gold grades to date from the
project, and 2) bulk tonnage open pit potential. The project is situated next to
Goldcorp`s Dome Mine, which has produced 17 million ounces of gold.

1)Highest-Grade Yet From Paymaster

1,850 gpt gold over 0.9 m (53.96 opt over 2.8 ft)

Hole VGP-10-74 encountered a very rich intersection of gold mineralization that
returned 1,850.0 gpt gold over 0.9 m (53.96 opt gold over 2.8 ft) at a vertical
depth of only 50 ft (15 m). This new occurrence is adjacent to one of the
porphyry zones which have been the primary target of VG Gold`s drilling.
However, this is not the first time rich grades have been encountered in this
geological setting at Paymaster. Examples of previous results include 129.5
grams per tonne (gpt) gold over 0.9 m (3.78 opt gold over 3.0 ft) and 1,390.0
grams per tonne of gold over 0.9 m (40.54 over 3 ft). This is an exciting
development, since it illustrates the potential for new areas of high grade gold
mineralization at the Paymaster Project.

Also, drilling designed to outline gold mineralization at depth has intersected
good grades starting at 800 ft (240 m) below surface. Hole VGP-09-21ext returned
13.58 gpt over 2.0 m (0.396 opt over 6.4 ft), helping to extend the gold
mineralization to depth. Highlights from these two holes are shown below.

Hole Number Gold Grade Interval Gold Grade Interval
(gpt) (m) (opt) (ft)

VGP-10-74 1,850.0 0.9 53.96 2.8
VGP-09-21ext 13.58 2.0 0.396 6.4
Intervals reported here are core lengths. True widths are not known at this time. See more results in Table 1 below.

2)Looking for Open Pit Potential

1.55 gpt gold over 19.9 m (0.045 opt over 65.3 ft)

One of the ongoing objectives of VG Gold`s drilling has been to establish the
open pit potential at Paymaster. With one of Canada`s biggest open pit gold
mines 2,500 ft or 750 metres away and with numerous drill holes encountering
wide intersections of good grade, the open pit potential looks promising. Hole
VGP-10-70 is the most recent result to have illustrated this type of potential,
returning 1.55 gpt gold over 19.9 m (0.045 opt over 65.3 ft).

Hole Number Gold Grade Interval Gold Grade Interval
(gpt) (m) (opt) (ft)

VGP-10-70 1.55 19.9 0.045 65.3
Intervals reported here are core lengths. True widths are not known at this time. See more results in Table 1 below.

These results will be incorporated into an initial resource estimate that is
scheduled to be released by year-end.

Geotechnical Description of Paymaster West

Gold mineralization at the Paymaster West Project is hosted within and
peripheral to strongly altered and well mineralized quartz feldspar porphyry
(QFP). Alteration consists of pervasive ankerite and sericite with local
tourmaline, both disseminated and in veins. Pyrite mineralization is
disseminated throughout, with local concentrations to 20% within sections of
pyrite rich fractures and veining. Drilling to date has intersected several
intervals of altered and mineralized quartz feldspar porphyry in each hole, with
3 separate porphyry units showing continuity along strike and downdip.

The Main QFP corresponds to the historic mining which took place over a strike
length of 1100 feet (330 metres) and to a depth of 600 feet (180 metres) below
surface. VG has subsequently traced the altered QFP along strike for a distance
of 2000 feet (600 metres) and to a depth of 2000 feet (600 metres) below
surface. The adjacent, sub parallel north and south porphyry units, while not as
well mineralized as the Main Porphyry body, have returned scattered assays
values along similar dimensions.

The Paymaster West Project is situated immediately to the west of Goldcorp’s
Dome Mine. The project could not be better situated, located 750 m (2500 ft) to
the edge of the Dome Mine and Mill, which has been in operation since 1910 and
has produced 17.1 million ounces of gold from both a large open pit and the
currently operating underground mine. “Our objective is to announce an initial
resource estimate by year-end and continue to advance the project through
aggressive exploration”, stated Tom Meredith CEO and President.

Goldcorp Option Agreement

VG Gold has the option to earn a 60% interest in the Paymaster West Property
from Goldcorp by making $6.0 million in exploration expenditures by June 2012.
Once VG Gold has given notice that is has earned its 60%, Goldcorp has six
months to decide if it wishes to increase its ownership from 40% to 70% by
paying VG Gold $710,000 and spending $8.25 million on the property within two
years and then completing a feasibility study by the end of year three.

VG GOLD…..WE ARE GOLD!

QUALIFIED PERSON

All exploration work was conducted under Kenneth Guy, P. Geo., designated
Qualified Person for VG Gold, who has reviewed this press release. All drilling
was completed using NQ size core. Gold analysis of the samples collected by VG
Gold was assayed by ALS Chemex. Analysis consisted of a fire assay of a 30-gram
sample with an atomic absorption finish. Samples assaying over 10.0 gram per
tonne Au are re-assayed with gravimetric finish. Samples noted to contain
visible gold are analyzed via total metallic assay method. A rigorous Quality
Control and Assurance Program (QA/QC) is in place, using control samples such as
blanks and duplicate checks. In addition, duplicate analyses of 10% of the
samples are corroborated by check assays performed at a third Party Laboratory.

To learn more about VG Gold (TSX: VG), visit our website: www.vggoldcorp.com.

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

Table 1. Paymaster West Project – June 2010

Hole # East North Elev Length (ft) Length (m) Dip Az Assay From (m) Assay To (m) Width (m) Au-gpt G x W
VGP-09-21 5794 8855 11041 -70 165 158.5 170.1 11.6 0.95 11.1
extended TD 2009 512.1 156.1 177.9 184.4 6.6 1.11 7.3
1277 764 217.7 223.8 6.1 0.84 5.1
extended from 764 to 1277 feet in 2010 302.8 304.5 1.7 1.15 2.0
327.2 329.2 2.0 13.58 26.5

VGP-10-70 6100 9025 11027 961.3 293.0 -45 175 86.0 87.5 1.5 1.62 2.5
122.5 125.5 3.0 0.89 2.7
235.0 254.9 19.9 1.55 30.8
including 4.0 4.37 17.3

VGP-10-71 6100 9205 11027 596 181.7 -60 175 315.2 327.9 12.7 0.82 10.5
including 2.8 1.61 4.5

VGP-10-72 5699 8924 11040 1207.4 368.0 -45 175 344.0 345.3 1.3 1.93 2.5

VGP-10-73 5699 8924 11040 1177.8 359.0 -62 175 99.5 101.8 2.3 0.82 1.8

VGP-10-74 5300 8750 11027 764.44 233.0 -45 173 19.9 20.8 0.9 1850 1579
39.9 43.7 3.8 0.83 3.2
including 2.0 1.05 2.1

Intervals reported here are core lengths. True widths are not known at this
time.

ugo = underground mine working

Photos/Multimedia Gallery Available:

http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6316653〈=en

VG Gold Corp.
Tom Meredith, President, 416-368-0099
Fax: 416-368-1539
www.vggoldcorp.com

Copyright Business Wire 2010

VG Gold`s Paymaster West Project Returns Highest Gold Grades Yet – 1,850 grams per tonne gold over 0.9 metres (53.96 opt over 2.8 feet)

TORONTO–(Business Wire)–
VG Gold Corp., (TSX: VG), (FRANKFURT: VN3), (OTC: VGGCF) is pleased to announce
new core results from the Paymaster West Property located in Timmins, Ontario.
These encouraging results continue to demonstrate the potential for 1) narrow
high-grade mineralization, including the richest gold grades to date from the
project, and 2) bulk tonnage open pit potential. The project is situated next to
Goldcorp`s Dome Mine, which has produced 17 million ounces of gold.

1)Highest-Grade Yet From Paymaster

1,850 gpt gold over 0.9 m (53.96 opt over 2.8 ft)

Hole VGP-10-74 encountered a very rich intersection of gold mineralization that
returned 1,850.0 gpt gold over 0.9 m (53.96 opt gold over 2.8 ft) at a vertical
depth of only 50 ft (15 m). This new occurrence is adjacent to one of the
porphyry zones which have been the primary target of VG Gold`s drilling.
However, this is not the first time rich grades have been encountered in this
geological setting at Paymaster. Examples of previous results include 129.5
grams per tonne (gpt) gold over 0.9 m (3.78 opt gold over 3.0 ft) and 1,390.0
grams per tonne of gold over 0.9 m (40.54 over 3 ft). This is an exciting
development, since it illustrates the potential for new areas of high grade gold
mineralization at the Paymaster Project.

Also, drilling designed to outline gold mineralization at depth has intersected
good grades starting at 800 ft (240 m) below surface. Hole VGP-09-21ext returned
13.58 gpt over 2.0 m (0.396 opt over 6.4 ft), helping to extend the gold
mineralization to depth. Highlights from these two holes are shown below.

Hole Number Gold Grade Interval Gold Grade Interval
(gpt) (m) (opt) (ft)

VGP-10-74 1,850.0 0.9 53.96 2.8
VGP-09-21ext 13.58 2.0 0.396 6.4
Intervals reported here are core lengths. True widths are not known at this time. See more results in Table 1 below.

2)Looking for Open Pit Potential

1.55 gpt gold over 19.9 m (0.045 opt over 65.3 ft)

One of the ongoing objectives of VG Gold`s drilling has been to establish the
open pit potential at Paymaster. With one of Canada`s biggest open pit gold
mines 2,500 ft or 750 metres away and with numerous drill holes encountering
wide intersections of good grade, the open pit potential looks promising. Hole
VGP-10-70 is the most recent result to have illustrated this type of potential,
returning 1.55 gpt gold over 19.9 m (0.045 opt over 65.3 ft).

Hole Number Gold Grade Interval Gold Grade Interval
(gpt) (m) (opt) (ft)

VGP-10-70 1.55 19.9 0.045 65.3
Intervals reported here are core lengths. True widths are not known at this time. See more results in Table 1 below.

These results will be incorporated into an initial resource estimate that is
scheduled to be released by year-end.

Geotechnical Description of Paymaster West

Gold mineralization at the Paymaster West Project is hosted within and
peripheral to strongly altered and well mineralized quartz feldspar porphyry
(QFP). Alteration consists of pervasive ankerite and sericite with local
tourmaline, both disseminated and in veins. Pyrite mineralization is
disseminated throughout, with local concentrations to 20% within sections of
pyrite rich fractures and veining. Drilling to date has intersected several
intervals of altered and mineralized quartz feldspar porphyry in each hole, with
3 separate porphyry units showing continuity along strike and downdip.

The Main QFP corresponds to the historic mining which took place over a strike
length of 1100 feet (330 metres) and to a depth of 600 feet (180 metres) below
surface. VG has subsequently traced the altered QFP along strike for a distance
of 2000 feet (600 metres) and to a depth of 2000 feet (600 metres) below
surface. The adjacent, sub parallel north and south porphyry units, while not as
well mineralized as the Main Porphyry body, have returned scattered assays
values along similar dimensions.

The Paymaster West Project is situated immediately to the west of Goldcorp’s
Dome Mine. The project could not be better situated, located 750 m (2500 ft) to
the edge of the Dome Mine and Mill, which has been in operation since 1910 and
has produced 17.1 million ounces of gold from both a large open pit and the
currently operating underground mine. “Our objective is to announce an initial
resource estimate by year-end and continue to advance the project through
aggressive exploration”, stated Tom Meredith CEO and President.

Goldcorp Option Agreement

VG Gold has the option to earn a 60% interest in the Paymaster West Property
from Goldcorp by making $6.0 million in exploration expenditures by June 2012.
Once VG Gold has given notice that is has earned its 60%, Goldcorp has six
months to decide if it wishes to increase its ownership from 40% to 70% by
paying VG Gold $710,000 and spending $8.25 million on the property within two
years and then completing a feasibility study by the end of year three.

VG GOLD…..WE ARE GOLD!

QUALIFIED PERSON

All exploration work was conducted under Kenneth Guy, P. Geo., designated
Qualified Person for VG Gold, who has reviewed this press release. All drilling
was completed using NQ size core. Gold analysis of the samples collected by VG
Gold was assayed by ALS Chemex. Analysis consisted of a fire assay of a 30-gram
sample with an atomic absorption finish. Samples assaying over 10.0 gram per
tonne Au are re-assayed with gravimetric finish. Samples noted to contain
visible gold are analyzed via total metallic assay method. A rigorous Quality
Control and Assurance Program (QA/QC) is in place, using control samples such as
blanks and duplicate checks. In addition, duplicate analyses of 10% of the
samples are corroborated by check assays performed at a third Party Laboratory.

To learn more about VG Gold (TSX: VG), visit our website: www.vggoldcorp.com.

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

Table 1. Paymaster West Project – June 2010

Hole # East North Elev Length (ft) Length (m) Dip Az Assay From (m) Assay To (m) Width (m) Au-gpt G x W
VGP-09-21 5794 8855 11041 -70 165 158.5 170.1 11.6 0.95 11.1
extended TD 2009 512.1 156.1 177.9 184.4 6.6 1.11 7.3
1277 764 217.7 223.8 6.1 0.84 5.1
extended from 764 to 1277 feet in 2010 302.8 304.5 1.7 1.15 2.0
327.2 329.2 2.0 13.58 26.5

VGP-10-70 6100 9025 11027 961.3 293.0 -45 175 86.0 87.5 1.5 1.62 2.5
122.5 125.5 3.0 0.89 2.7
235.0 254.9 19.9 1.55 30.8
including 4.0 4.37 17.3

VGP-10-71 6100 9205 11027 596 181.7 -60 175 315.2 327.9 12.7 0.82 10.5
including 2.8 1.61 4.5

VGP-10-72 5699 8924 11040 1207.4 368.0 -45 175 344.0 345.3 1.3 1.93 2.5

VGP-10-73 5699 8924 11040 1177.8 359.0 -62 175 99.5 101.8 2.3 0.82 1.8

VGP-10-74 5300 8750 11027 764.44 233.0 -45 173 19.9 20.8 0.9 1850 1579
39.9 43.7 3.8 0.83 3.2
including 2.0 1.05 2.1

Intervals reported here are core lengths. True widths are not known at this
time.

ugo = underground mine working

Photos/Multimedia Gallery Available:

http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6316653〈=en

VG Gold Corp.
Tom Meredith, President, 416-368-0099
Fax: 416-368-1539
www.vggoldcorp.com

Copyright Business Wire 2010

VG Gold`s Paymaster West Project Returns Highest Gold Grades Yet – 1,850 grams per tonne gold over 0.9 metres (53.96 opt over 2.8 feet)

TORONTO–(Business Wire)–
VG Gold Corp., (TSX: VG), (FRANKFURT: VN3), (OTC: VGGCF) is pleased to announce
new core results from the Paymaster West Property located in Timmins, Ontario.
These encouraging results continue to demonstrate the potential for 1) narrow
high-grade mineralization, including the richest gold grades to date from the
project, and 2) bulk tonnage open pit potential. The project is situated next to
Goldcorp`s Dome Mine, which has produced 17 million ounces of gold.

1)Highest-Grade Yet From Paymaster

1,850 gpt gold over 0.9 m (53.96 opt over 2.8 ft)

Hole VGP-10-74 encountered a very rich intersection of gold mineralization that
returned 1,850.0 gpt gold over 0.9 m (53.96 opt gold over 2.8 ft) at a vertical
depth of only 50 ft (15 m). This new occurrence is adjacent to one of the
porphyry zones which have been the primary target of VG Gold`s drilling.
However, this is not the first time rich grades have been encountered in this
geological setting at Paymaster. Examples of previous results include 129.5
grams per tonne (gpt) gold over 0.9 m (3.78 opt gold over 3.0 ft) and 1,390.0
grams per tonne of gold over 0.9 m (40.54 over 3 ft). This is an exciting
development, since it illustrates the potential for new areas of high grade gold
mineralization at the Paymaster Project.

Also, drilling designed to outline gold mineralization at depth has intersected
good grades starting at 800 ft (240 m) below surface. Hole VGP-09-21ext returned
13.58 gpt over 2.0 m (0.396 opt over 6.4 ft), helping to extend the gold
mineralization to depth. Highlights from these two holes are shown below.

Hole Number Gold Grade Interval Gold Grade Interval
(gpt) (m) (opt) (ft)

VGP-10-74 1,850.0 0.9 53.96 2.8
VGP-09-21ext 13.58 2.0 0.396 6.4
Intervals reported here are core lengths. True widths are not known at this time. See more results in Table 1 below.

2)Looking for Open Pit Potential

1.55 gpt gold over 19.9 m (0.045 opt over 65.3 ft)

One of the ongoing objectives of VG Gold`s drilling has been to establish the
open pit potential at Paymaster. With one of Canada`s biggest open pit gold
mines 2,500 ft or 750 metres away and with numerous drill holes encountering
wide intersections of good grade, the open pit potential looks promising. Hole
VGP-10-70 is the most recent result to have illustrated this type of potential,
returning 1.55 gpt gold over 19.9 m (0.045 opt over 65.3 ft).

Hole Number Gold Grade Interval Gold Grade Interval
(gpt) (m) (opt) (ft)

VGP-10-70 1.55 19.9 0.045 65.3
Intervals reported here are core lengths. True widths are not known at this time. See more results in Table 1 below.

These results will be incorporated into an initial resource estimate that is
scheduled to be released by year-end.

Geotechnical Description of Paymaster West

Gold mineralization at the Paymaster West Project is hosted within and
peripheral to strongly altered and well mineralized quartz feldspar porphyry
(QFP). Alteration consists of pervasive ankerite and sericite with local
tourmaline, both disseminated and in veins. Pyrite mineralization is
disseminated throughout, with local concentrations to 20% within sections of
pyrite rich fractures and veining. Drilling to date has intersected several
intervals of altered and mineralized quartz feldspar porphyry in each hole, with
3 separate porphyry units showing continuity along strike and downdip.

The Main QFP corresponds to the historic mining which took place over a strike
length of 1100 feet (330 metres) and to a depth of 600 feet (180 metres) below
surface. VG has subsequently traced the altered QFP along strike for a distance
of 2000 feet (600 metres) and to a depth of 2000 feet (600 metres) below
surface. The adjacent, sub parallel north and south porphyry units, while not as
well mineralized as the Main Porphyry body, have returned scattered assays
values along similar dimensions.

The Paymaster West Project is situated immediately to the west of Goldcorp’s
Dome Mine. The project could not be better situated, located 750 m (2500 ft) to
the edge of the Dome Mine and Mill, which has been in operation since 1910 and
has produced 17.1 million ounces of gold from both a large open pit and the
currently operating underground mine. “Our objective is to announce an initial
resource estimate by year-end and continue to advance the project through
aggressive exploration”, stated Tom Meredith CEO and President.

Goldcorp Option Agreement

VG Gold has the option to earn a 60% interest in the Paymaster West Property
from Goldcorp by making $6.0 million in exploration expenditures by June 2012.
Once VG Gold has given notice that is has earned its 60%, Goldcorp has six
months to decide if it wishes to increase its ownership from 40% to 70% by
paying VG Gold $710,000 and spending $8.25 million on the property within two
years and then completing a feasibility study by the end of year three.

VG GOLD…..WE ARE GOLD!

QUALIFIED PERSON

All exploration work was conducted under Kenneth Guy, P. Geo., designated
Qualified Person for VG Gold, who has reviewed this press release. All drilling
was completed using NQ size core. Gold analysis of the samples collected by VG
Gold was assayed by ALS Chemex. Analysis consisted of a fire assay of a 30-gram
sample with an atomic absorption finish. Samples assaying over 10.0 gram per
tonne Au are re-assayed with gravimetric finish. Samples noted to contain
visible gold are analyzed via total metallic assay method. A rigorous Quality
Control and Assurance Program (QA/QC) is in place, using control samples such as
blanks and duplicate checks. In addition, duplicate analyses of 10% of the
samples are corroborated by check assays performed at a third Party Laboratory.

To learn more about VG Gold (TSX: VG), visit our website: www.vggoldcorp.com.

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

Table 1. Paymaster West Project – June 2010

Hole # East North Elev Length (ft) Length (m) Dip Az Assay From (m) Assay To (m) Width (m) Au-gpt G x W
VGP-09-21 5794 8855 11041 -70 165 158.5 170.1 11.6 0.95 11.1
extended TD 2009 512.1 156.1 177.9 184.4 6.6 1.11 7.3
1277 764 217.7 223.8 6.1 0.84 5.1
extended from 764 to 1277 feet in 2010 302.8 304.5 1.7 1.15 2.0
327.2 329.2 2.0 13.58 26.5

VGP-10-70 6100 9025 11027 961.3 293.0 -45 175 86.0 87.5 1.5 1.62 2.5
122.5 125.5 3.0 0.89 2.7
235.0 254.9 19.9 1.55 30.8
including 4.0 4.37 17.3

VGP-10-71 6100 9205 11027 596 181.7 -60 175 315.2 327.9 12.7 0.82 10.5
including 2.8 1.61 4.5

VGP-10-72 5699 8924 11040 1207.4 368.0 -45 175 344.0 345.3 1.3 1.93 2.5

VGP-10-73 5699 8924 11040 1177.8 359.0 -62 175 99.5 101.8 2.3 0.82 1.8

VGP-10-74 5300 8750 11027 764.44 233.0 -45 173 19.9 20.8 0.9 1850 1579
39.9 43.7 3.8 0.83 3.2
including 2.0 1.05 2.1

Intervals reported here are core lengths. True widths are not known at this
time.

ugo = underground mine working

Photos/Multimedia Gallery Available:

http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6316653〈=en

VG Gold Corp.
Tom Meredith, President, 416-368-0099
Fax: 416-368-1539
www.vggoldcorp.com

Copyright Business Wire 2010

Puget Ventures Inc. Discovers High Grade Extension of Werner Lake Cobalt Deposit

VANCOUVER, BRITISH COLUMBIA, Jun 07 (MARKET WIRE) —
Puget Ventures Inc. (TSX VENTURE: PVS) -

– NI 43-101 Resource Calculation Underway by PEG Engineering Group

– Summer Program Scheduled to Continue work to Expand Eastern Extension

PUGET VENTURES INC. announced today that the drill results from its 100%
owned Werner Lake Cobalt Deposit continue to demonstrate the high grade
nature of the primary cobalt deposit as Puget moves closer to a renewed
production decision on this key North American cobalt project.

Puget also released grab samples from the newly discovered eastern
extension of Werner Lake, located 800 metres to the east of the current
deposit area and directly on strike to Puget’s Eastern Shallows Cobalt
Deposit, clearly demonstrating the high potential for additional tonnage
for the Werner Lake Project.

“We are very pleased to discover the eastern extension to the
deposit, suggesting the likelihood of a much larger deposit area for
Werner Lake,” said Erin Chutter, President of Puget Ventures Inc.
“This drill season exceeded our expectations as we continue to move
our primary cobalt project of Werner Lake to a production decision.”

“The next step for the deposit is the NI 43-101 Resource Report
which will also include integration of historic drilling and resource
numbers and work from this spring’s program,” said Michael Dehn, CEO
of Puget Ventures Inc. “We are very excited to begin to better
understand the potential of further cobalt deposits moving across the
property towards our Eastern Shallows cobalt deposit four kilometres to
the east from Werner Lake.

The company completed 7,616m of drilling in 34 holes over the winter and
spring of 2009-2010. The initial winter program of 1839 metres in 17
relatively shallow holes was designed to test the bodies within and
adjacent to the known oreshoots of the West Cobalt and Old Mine Site
blocks, essentially as part of the due diligence for the NI 43-101
Resource Estimate which was initiated by PEG Engineering Group. After
successful completion of the initial phase, the program was expanded to a
spring phase of 5777m in 17 holes, aimed at probing the oreshoots at
depth, and at testing whether the deposits were indeed constrained by an
apparent shallowly plunging shoot direction. The drill program achieved
all these goals. On the basis of the results of these two programs, a
summer field program of surface exploration is being planned.

Tabulated below are the more significant values returned from all but one
hole (WL10-019 for which not all results have been received) in the
program:

—————————————————————————

INTERCEPT Au Co Cu Ni
HOLE NUMBER Final depth from to interval g/t % % %
—————————————————————————
WL09-001(ii) 89 67.0 70.3 3.3 0.06 0.028 0.507 0.02
includes 68.9 69.7 0.8 0.11 0.018 0.431 0.02
and 69.7 70.3 0.6 0.17 0.044 2.015 0.04
83.8 84.8 1.0 0.02 0.008 0.285 0.21
—————————————————————————
WL09-002(iii) 102 54.0 55.5 1.5 0.02 0.060 0.200 0.02
73.5 77.5 4.0 0.15 0.070 0.280 0.02
includes 75.0 76.4 1.4 0.20 0.120 0.560 0.02
—————————————————————————
WL10-003(iii) 97 65.7 66.5 0.8 0.09 0.050 0.460 0.01
—————————————————————————
WL10-004(iii) 74 25.4 37.7 12.3 0.30 1.210 0.220 0.02
includes 28.8 30.2 1.4 0.38 1.550 0.160 0.04
and 30.2 31.1 0.9 0.52 12.480 0.190 0.15
and 31.1 32.0 0.9 0.73 0.710 0.050 0.03
41.4 45.5 4.1 0.12 0.030 0.590 0.02
includes 41.4 42.9 1.5 0.15 0.030 0.450 0.02
and 44.3 45.5 1.2 0.13 0.030 1.190 0.03
47.6 49.2 1.6 0.09 0.020 0.160 0.02
includes 47.6 48.7 1.1 0.12 0.030 0.220 0.02
—————————————————————————
WL10-005(iii) 99 62.3 65.4 3.1 0.29 0.140 0.380 0.01
includes 63.6 65.4 1.8 0.45 0.180 0.610 0.02
68.0 71.8 3.8 0.32 – 0.710 0.01
includes 68.0 69.3 1.3 0.47 0.040 0.340 0.02
and 70.3 71.8 1.5 0.38 0.010 1.800 0.01
—————————————————————————
WL10-006 137 88.5 93.6 5.1 0.16 0.032 1.098 0.00
includes 88.5 89.5 1.0 0.21 0.003 0.215 0.00
and 92.4 93.6 1.2 0.42 0.124 4.346 0.01
99.6 101.0 1.4 0.15 0.090 0.081 0.00
—————————————————————————
WL10-007 135 54.8 55.2 0.4 0.07 0.012 0.323 0.00
————-
WL10-008(iii) 76 1.0 2.9 1.9 0.20 0.040 0.200 0.01
—————————————————————————
WL10-009(iii) 148 114.6 117.0 2.4 0.18 0.102 0.266 0.02
includes 116.1 117.0 0.9 0.39 0.120 0.470 0.02
—————————————————————————
WL10-010(iii) 164 131.8 136.1 4.3 0.11 0.100 0.370 0.02
includes 131.8 132.6 0.8 0.14 0.140 0.050 0.01
and 133.5 135.1 1.6 0.14 0.080 0.650 0.02
and 135.1 136.1 1.0 0.06 0.120 0.440 0.03
————-
WL10-011(iii) 95 67.4 68.4 1.0 1.31 0.010 0.020 0.01
72.2 73.1 0.9 0.17 0.011 0.382 0.02
—————————————————————————
WL10-012 69 38.4 39.6 1.2 0.04 0.053 0.159 0.02
—————————————————————————
WL10-013 92 76.8 79.1 2.3 0.14 0.060 0.190 0.02
includes 78.2 79.1 0.9 0.09 0.122 0.241 0.04
—————————————————————————
WL10-014 69 59.0 63.5 4.5 0.06 0.231 0.099 0.03
includes 59.0 60.6 1.6 0.10 0.377 0.135 0.04
and 62.0 63.5 1.5 0.04 0.232 0.080 0.02
—————————————————————————
WL10-015 131 no significant values
—————————————————————————
WL10-016 140 no significant values
—————————————————————————
WL10-017 122 no significant values
—————————————————————————
WL10-018 323 266.3 267.2 0.9 0.04 0.020 0.234 0.01
—————————————————————————
WL10-019 256 assays still outstanding
—————————————————————————
WL10-020 244 210.4 211.2 0.8 0.06 0.018 0.164 0.01
230.2 231.5 1.3 0.02 0.011 0.431 0.42
—————————————————————————
WL10-021 374 no significant values
—————————————————————————
WL10-022 281 220.0 224.9 4.9 0.18 0.025 0.243 0.01
includes 220.0 221.0 1.0 0.13 0.021 0.623 0.01
—————————————————————————
WL10-023 263 185.9 190.6 4.7 0.23 0.289 0.096 0.02
includes 185.9 186.6 0.7 0.76 0.826 0.244 0.06
and 186.6 187.6 1.0 0.11 0.383 0.087 0.02
and 189.0 189.6 0.6 0.20 0.349 0.062 0.02
203.3 204.4 1.1 0.09 0.121 0.139 0.03
—————————————————————————
WL10-024 296 240.0 241.1 1.1 0.06 0.288 0.156 0.02
248.5 249.3 0.8 0.08 0.057 0.150 0.01
252.5 253.5 1.0 0.04 0.007 0.106 0.01
—————————————————————————
WL10-025 465 no significant values
—————————————————————————
WL10-026 400 no significant values
—————————————————————————
WL10-027 439 no significant values
—————————————————————————
WL10-028 276 233.1 235.8 2.7 0.06 0.279 0.085 0.02
includes 233.1 233.8 0.7 0.07 0.853 0.049 0.04
—————————————————————————
WL10-029 499 33.2 35.2 2.0 0.09 0.020 0.082 0.01
363.0 364.0 1.0 0.07 0.005 0.201 0.01
368.6 370.0 1.4 0.16 0.039 0.422 0.01
381.8 382.5 0.7 0.02 0.028 0.157 0.02
—————————————————————————
WL10-030 366 223.3 224.3 1.0 0.04 0.007 0.142 0.04
—————————————————————————
WL10-031 37 hole abandoned – rig unstable
—————————————————————————
WL10-031B 542 468.2 469.2 1.0 0.03 0.069 0.156 0.02
472.2 475.2 3.0 0.10 0.017 0.274 0.00
—————————————————————————
WL10-032 358 289.1 290.1 1.0 0.08 0.126 0.147 0.02
312.3 315.1 2.8 0.09 0.196 0.145 0.01
includes 312.3 313.3 1.0 0.08 0.247 0.126 0.01
and 313.3 314.3 1.0 0.10 0.268 0.160 0.01
320.5 321.5 1.0 0.06 0.008 0.119 0.01
—————————————————————————
WL10-033 358 246.2 248.2 2.0 0.05 0.006 0.161 0.01
276.0 277.0 1.0 0.02 0.010 0.108 0.02
hole curtailed above zone
—————————————————————————
(i) the intercept thickness is not true thickness, which would be
approximately 70% of the quoted figure
(ii) Previously reported on January 27, 2010
(iii) Previously reported on April 19, 2010
nd indicates that one or more of the values within the sample interval
was below detection limits.
Detection limits are as follows: Au 5ppb, Pt 15ppb, Pd 10ppb
There are no significant values in the Platinum group Elements

Prudence dictated that WL10-033 be curtailed before reaching the
programmed intersection point when spring break-up occurred rather
earlier than expected. The casing remains in the hole to allow reentry.

Holes WL09-002 through WL10-013 all probed the original historically
drilled area beneath the Western Cobalt zone; and demonstrate that,
although values and thicknesses fluctuate, the values and thicknesses of
the original intersections are reflected in the current drilling program.
Hole WL10-014 targeted the heart of the Old Mine Area.

Holes WL10-015, WL10-016, WL10-017 were drilled to investigate the gap
between the Old Mine site and Werner Lake West Cobalt deposit. They show
that the zone is indeed absent in this area. Holes WL10-023, WL10-024,
WL10-028, WL10-032 are also all probes below the presumed lower limit of
the West Cobalt ore shoot. All showed good cobalt values of over 0.2% and
there are some good thicknesses indicated. They demonstrate that the
shallow easterly pitch is a fallacy. This has very positive implications
as far as increasing resources by further probing is concerned.

Holes WL10-029, WL10-031B probed below the known limits of the Old Mine
#3 lens oreshoot, but appear to have been sited too far to the west, and
therefore missed this short, high-grade strike.

A summer program of surface exploration and prospecting to extend the
known strike of the cobalt bearing zones is being planned. Preliminary
field work to the east of the Old Mine zone has demonstrated that the
zone does indeed extend in this direction, with some gratifying values
returned from surface grab sampling 800m east of the old mine site:

Au Co Cu Ni
g/t % % %
0.60 0.31 3.43 0.026
0.62 0.19 3.10 0.014
0.24 0.09 0.79 0.008
0.40 0.06 0.22 0.003

All cores were saw split before sampling. Cores are stored at the
Company facility on site. All analyses were done by Accurassay at
Thunderbay. Assays for gold and platinum group elements were by single
assay ton fire assay with an AA finish. Base metal analyses were by
ICP-MS following acid digestion. The QP for this drilling, logging and
sampling is Toby Hughes, P.Geol., P.Geo., P.Geo. The QP for this release
is Dr. Adrian G. Mann, P.Geol.

About Puget Ventures Inc. (www.pugetventures.com)

Puget Ventures Inc. is listed on the TSX Venture Exchange. Puget controls
100% of its lands in the Werner Lake Mineral Belt in Northwestern Ontario
which includes the advanced stage Werner West Cobalt deposit.

Cautionary Statement on Forward-Looking Information: The statements made
in this News Release may contain certain forward-looking statements.
Actual events or results may differ from the Company’s expectations.
Certain risk factors may also affect the actual results achieved by the
Company.

This news release shall not constitute an offer to sell or the
solicitation of any offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful. The shares offered will not be and have not been
registered under the United States Securities Act of 1933, as amended
(the “U.S. Securities Act”) and may not be offered or sold in
the United States absent registration or an applicable exemption from the
registration requirements of the U.S. Securities Act and applicable state
securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Contacts:
Puget Ventures Inc.
Ms. Erin Chutter
604-688-4219
info@pugetventures.com

Puget Ventures Inc.
Mr. Michael Dehn
604-688-4219
604-688-4215 (FAX)
mdehn@pugetventures.com
www.pugetventures.com

Copyright 2010, Market Wire, All rights reserved.

Continental Gold Begins 2010 Drill Program at Buritica Gold Project, Colombia

TORONTO, ONTARIO, Jun 02 (MARKET WIRE) —
Continental Gold Limited (TSX: CNL) (“Continental” or “The
Company”) is pleased to announce that it has begun an aggressive
drill program at its flagship Buritica gold property near Medellin in
northwestern Colombia. A total of four drills will be in operation – one
underground and three surface drills, which are scheduled to complete a
minimum 23,000 metre program by the end of 2010. Continental’s previous
17,600 meters of drilling and 1200 meters of underground development have
defined several high grade veins and a mineralized breccia body. The
current drill campaign will complete step-out and infill drilling on the
San Antonio, Sur, B, and Centena veins and a portion of the breccia.
Additionally, several geochemical soil anomalies will be drill tested.
This work, along with ongoing underground development, will form the
basis of a resource calculation scheduled for early 2011.

Since exploration began on the 18,000 hectare (44,475 acre) Buritica
property in 2008, Continental has outlined a 2 x 2 kilometer carbonate
base metal-type gold vein/breccia system related to a center of
porphyry-style alteration. To date several of the larger veins have been
tested over a 200-450 meter vertical range and all are open at depth.
World-wide, the larger mineralized systems of this type have economic
potential in the veins over significant vertical ranges. This down-dip
vertical extension of the veins is one of several additional highly
prospective exploration targets which will be tested with the remaining
drill meters. Other 2010 drill priorities include follow up drilling of
the Yaragua diatreme breccia, a portion of which has average grades of 3
grams per tonne gold, the La Mano and San Augustine prospects which have
potential for bulk tonnage in zones of replacement mineralization, and
several high priority soil geochemical anomalies.

“Because we are in the extremely fortunate position of having
multiple high-priority drill targets, we intend to remain flexible with
respect to increasing the number of drills we may require as well as
increasing the overall drilling campaign to properly cover the target
areas,” commented Stuart Moller, Vice President, Exploration .
“Our mandate is resource definition drilling program on the known
mineralized veins and any other mineralization we encounter, so it’s very
important that we be able to add drills at short notice as we advance
this project. For that reason, as well as others, we chose to work with
Major Drilling Group International Inc., which has the capacity we need
for this flexibility.”

New Addition to Management Team

Continental Gold also announces that Naomi Nemeth has been appointed Vice
President, Investor Relations. Ms. Nemeth has worked in the mining and
mineral exploration industry for the past six years with a focus on
investor relations and corporate management. She has held senior Investor
Relations positions with Homeland Energy Group (coal, South Africa),
African Copper PLC (copper, Botswana), Wolfden Resources (gold and base
metal exploration, Canada), Sanatana Diamonds (Canada) and Desert Sun
Mining (gold producer, Brazil). Prior to returning to the mining field in
2004, Ms Nemeth held senior investor relations and communications roles
in the pharmaceutical (GSK, Biovail, MDS) and financial services
(Manulife Financial, Clarica-Sunlife Financial) sectors. Ms Nemeth began
her career as a field exploration geologist in the Yukon and northern
Ontario following completion of an Honours BSc in Geology and Biology at
Brock University. Subsequent to that, Ms Nemeth earned a Masters degree
in Journalism from the University of Western Ontario.

Qualified Person

Stuart Moller, PGeo, is the Qualified Person for the information
contained in this press release and is a Qualified Person within the
meaning of National Instrument 43-101.

Additional details on the Buritica project and the rest of Continental
Gold’s suite of gold exploration properties is available at
www.ContinentalGold.com.

About Continental Gold Limited

Continental Gold Limited is an advanced-stage exploration company with
eight gold projects covering 190,000 hectares in Colombia. Spearheaded by
a management team with over 40 years of exploration and mining experience
in South America, the Company plans to conduct an aggressive exploration
program to its extensive portfolio with a focus on its flagship
high-grade gold project, Buritica and its drill-ready program, Berlin.

Forward-Looking Statements

“This press release contains or refers to forward-looking
information, including statements regarding the estimation of mineral
resources, exploration results, potential mineralization, exploration and
mine development plans, timing of the commencement of operations and
estimates of market conditions, and is based on current expectations that
involve a number of business risks and uncertainties. Factors that could
cause actual results to differ materially from any forward-looking
statement include, but are not limited to, failure to convert estimated
mineral resources to reserves, capital and operating costs varying
significantly from estimates, the preliminary nature of metallurgical
test results, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, political risks,
uncertainties relating to the availability and costs of financing needed
in the future, changes in equity markets, inflation, changes in exchange
rates, fluctuations in commodity prices, delays in the development of
projects and the other risks involved in the mineral exploration and
development industry. Forward-looking statements are subject to
significant risks and uncertainties, and other factors that could cause
actual results to differ materially from expected results. Readers should
not place undue reliance on forward-looking statements. These
forward-looking statements are made as of the date hereof and the Company
assumes no responsibility to update them or revise them to reflect new
events or circumstances other than as required by law.”

Contacts:
Continental Gold Limited
Naomi Nemeth
Vice President, Investor Relations
416.643.7638
info@continentalgold.com
www.continentalgold.com

Copyright 2010, Market Wire, All rights reserved.

Malaysia coastguard says damaged tanker has 10m gash

A tanker and a bulk carrier collided in Malaysian waters off Singapore on Tuesday at 6.05 a.m. (2200 GMT on Monday), Malaysian coast guard officials said.

They said the collision between the two ships –identified as tanker Bunga Kelana 3, and the MT Waily — led to an oilspill.

“The collision caused a 10-metre (yard) tear in the left side of the tanker and 2,000 metric tonnes of crude oil has spilled into the sea where the collision occured,” Commander Abdul Hadib bin Abdul Wahab told Reuters.

Malaysia’s largest shipping company MISC a unit of state-run oil company Petronas [PETR.UL], lists the Bunga Kelana 3 as an Aframax class tanker built in 1998 with a dead-weight-tonnage of 105,784 on its website (http://www.misc.com.my).

The tanker is owned by MISC subsidiary American Eagles. (Reporting by Razak Ahmad; Editing by Jerry Norton)

Endeavour Silver Reports Record Silver Production in Q1, 2010 Compared to Q1 2009; Produces 766,210 oz Silver (Up 34%)

VANCOUVER, BRITISH COLUMBIA, Apr 14 (MARKET WIRE) —
Endeavour Silver Corp. (“Endeavour”) (TSX: EDR)(NYSE Amex:
EXK)(DBFrankfurt: EJD) announced today that silver production for Q1,
2010 from the Company’s two operating silver mines in Mexico, the
Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato
State, totalled 766,210 ounces (oz) silver, up 34% compared to Q1, 2009.

Gold production also rose in the Q1, 2010, up 62% to 3,775 oz compared to
Q1, 2009, resulting in silver-equivalent production rising to 1,011,569
oz (assuming a 65:1 silver:gold ratio – base metals not included as
silver-equivalents).

The Q1, 2010 production data is outlined in the table below:

—————————————————————————-

Silver
Equiv-
Tonnes Grade Grade alent Reco- Reco-
per Ag Au g/t very very Silver Gold
Tonnes day g/t g/t (oz/T) Ag % Au % Ounces Ounces
—————————————————————————-
Guanacevi 69,522 772 333 0.74 381 (12.3) 77.2 77.2 574,796 1,277
—————————————————————————-
Guanajuato 43,441 557 168 2.29 317 (10.2) 81.6 79.5 191,414 2,498
—————————————————————————-
Combined 112,963 1,255 270 1.34 356 (11.5) 78.3 78.7 766,210 3,775
—————————————————————————-
(i) the throughput (tonnes per day) at Guanajuato are based on a 6 day work
week.

Godfrey Walton, President and COO, stated, “Endeavour posted another
strong quarter of production growth in Q1, 2010. With tonnage throughput
continuing to improve at both Guanacevi and Guanajuato, we are already
ahead of our production forecast in 2010.”

“Like 2009, production is expected to be relatively flat in Q1 and Q2,
but should increase in the second half of the year as a third new mine is
brought into production at Guanacevi. During the Q1, the Company
completed over 1.3 kilometres (km) of ramp development at Guanacevi in
order to bring Porvenir Cuatro on line this year as scheduled. The
Guanacevi crushing circuit expansion is now underway and should be
completed on schedule, allowing the plant to increase throughput in the
second half of the year to take advantage of the new Porvenir Cuatro mine
coming online.

“At Guanajuato, the Lucero vein continues to contribute significantly to
production with the balance of ore coming from Cebada and Bolanitos.
During Q1, the Company mined a lower grade portion of the Lucero vein.
However silver grades are expected to return to normal levels (200 g/t Ag
and 1.9 g/t Au) in Q2. The Company completed over 1.0 km of mine
development at Guanajuato during the quarter.”

Godfrey Walton, M.Sc., P. Geo., the President and COO for Endeavour, is
the Qualified Person who reviewed this news release and oversaw the
mining operations.

Endeavour Silver Corp is a small-cap silver mining company focused on the
growth of its silver production, reserves and resources in Mexico. Since
start-up in 2004, Endeavour has posted five consecutive years of growing
silver production, reserves and resources. The organic expansion programs
now underway at Endeavour’s two operating silver mines in Mexico combined
with its strategic acquisition program should help Endeavour achieve its
goal to become the next premier mid-tier primary silver producer.

ENDEAVOUR SILVER CORP.

GODFREY WALTON, President and Chief Operating Officer

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the
meaning of the United States private securities litigation reform act of
1995 and “forward-looking information” within the meaning of applicable
Canadian securities legislation. Such forward-looking statements and
information herein include, but are not limited to, statements regarding
Endeavour’s anticipated performance in 2009, including silver and gold
production, timing and expenditures to develop new silver mines and
mineralized zones, silver and gold grades and recoveries, cash costs per
ounce, capital expenditures and sustaining capital and the use of
proceeds from the Company’s recent financing. The Company does not intend
to, and does not assume any obligation to update such forward-looking
statements or information, other than as required by applicable law.

Forward-looking statements or information involve known and unknown
risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Endeavour and its
operations to be materially different from those expressed or implied by
such statements. Such factors include, among others: fluctuations in the
prices of silver and gold, fluctuations in the currency markets
(particularly the Mexican peso, Canadian dollar and U.S. dollar); changes
in national and local governments, legislation, taxation, controls,
regulations and political or economic developments in Canada and Mexico;
operating or technical difficulties in mineral exploration, development
and mining activities; risks and hazards of mineral exploration,
development and mining (including environmental hazards, industrial
accidents, unusual or unexpected geological conditions, pressures,
cave-ins and flooding); inadequate insurance, or inability to obtain
insurance; availability of and costs associated with mining inputs and
labour; the speculative nature of mineral exploration and development,
diminishing quantities or grades of mineral reserves as properties are
mined; the ability to successfully integrate acquisitions; risks in
obtaining necessary licenses and permits, and challenges to the company’s
title to properties; as well as those factors described in the section
“risk factors” contained in the Company’s most recent form 40F/Annual
Information Form filed with the S.E.C. and Canadian securities regulatory
authorities. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those
contained in forward-looking statements or information, there may be
other factors that cause results to be materially different from those
anticipated, described, estimated, assessed or intended. There can be no
assurance that any forward-looking statements or information will prove
to be accurate as actual results and future events could differ
materially from those anticipated in such statements or information.
Accordingly, readers should not place undue reliance on forward-looking
statements or information.

Contacts:
Endeavour Silver Corp.
Hugh Clarke
Toll free: 877-685-9775 or (604) 685-9775
(604) 685-9744 (FAX)
hugh@edrsilver.com
www.edrsilver.com

Copyright 2010, Market Wire, All rights reserved.

Endeavour Silver Reports Record Silver Production in Q1, 2010 Compared to Q1 2009; Produces 766,210 oz Silver (Up 34%)

VANCOUVER, BRITISH COLUMBIA, Apr 14 (MARKET WIRE) —
Endeavour Silver Corp. (“Endeavour”) (TSX: EDR)(NYSE Amex:
EXK)(DBFrankfurt: EJD) announced today that silver production for Q1,
2010 from the Company’s two operating silver mines in Mexico, the
Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato
State, totalled 766,210 ounces (oz) silver, up 34% compared to Q1, 2009.

Gold production also rose in the Q1, 2010, up 62% to 3,775 oz compared to
Q1, 2009, resulting in silver-equivalent production rising to 1,011,569
oz (assuming a 65:1 silver:gold ratio – base metals not included as
silver-equivalents).

The Q1, 2010 production data is outlined in the table below:

—————————————————————————-

Silver
Equiv-
Tonnes Grade Grade alent Reco- Reco-
per Ag Au g/t very very Silver Gold
Tonnes day g/t g/t (oz/T) Ag % Au % Ounces Ounces
—————————————————————————-
Guanacevi 69,522 772 333 0.74 381 (12.3) 77.2 77.2 574,796 1,277
—————————————————————————-
Guanajuato 43,441 557 168 2.29 317 (10.2) 81.6 79.5 191,414 2,498
—————————————————————————-
Combined 112,963 1,255 270 1.34 356 (11.5) 78.3 78.7 766,210 3,775
—————————————————————————-
(i) the throughput (tonnes per day) at Guanajuato are based on a 6 day work
week.

Godfrey Walton, President and COO, stated, “Endeavour posted another
strong quarter of production growth in Q1, 2010. With tonnage throughput
continuing to improve at both Guanacevi and Guanajuato, we are already
ahead of our production forecast in 2010.”

“Like 2009, production is expected to be relatively flat in Q1 and Q2,
but should increase in the second half of the year as a third new mine is
brought into production at Guanacevi. During the Q1, the Company
completed over 1.3 kilometres (km) of ramp development at Guanacevi in
order to bring Porvenir Cuatro on line this year as scheduled. The
Guanacevi crushing circuit expansion is now underway and should be
completed on schedule, allowing the plant to increase throughput in the
second half of the year to take advantage of the new Porvenir Cuatro mine
coming online.

“At Guanajuato, the Lucero vein continues to contribute significantly to
production with the balance of ore coming from Cebada and Bolanitos.
During Q1, the Company mined a lower grade portion of the Lucero vein.
However silver grades are expected to return to normal levels (200 g/t Ag
and 1.9 g/t Au) in Q2. The Company completed over 1.0 km of mine
development at Guanajuato during the quarter.”

Godfrey Walton, M.Sc., P. Geo., the President and COO for Endeavour, is
the Qualified Person who reviewed this news release and oversaw the
mining operations.

Endeavour Silver Corp is a small-cap silver mining company focused on the
growth of its silver production, reserves and resources in Mexico. Since
start-up in 2004, Endeavour has posted five consecutive years of growing
silver production, reserves and resources. The organic expansion programs
now underway at Endeavour’s two operating silver mines in Mexico combined
with its strategic acquisition program should help Endeavour achieve its
goal to become the next premier mid-tier primary silver producer.

ENDEAVOUR SILVER CORP.

GODFREY WALTON, President and Chief Operating Officer

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the
meaning of the United States private securities litigation reform act of
1995 and “forward-looking information” within the meaning of applicable
Canadian securities legislation. Such forward-looking statements and
information herein include, but are not limited to, statements regarding
Endeavour’s anticipated performance in 2009, including silver and gold
production, timing and expenditures to develop new silver mines and
mineralized zones, silver and gold grades and recoveries, cash costs per
ounce, capital expenditures and sustaining capital and the use of
proceeds from the Company’s recent financing. The Company does not intend
to, and does not assume any obligation to update such forward-looking
statements or information, other than as required by applicable law.

Forward-looking statements or information involve known and unknown
risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Endeavour and its
operations to be materially different from those expressed or implied by
such statements. Such factors include, among others: fluctuations in the
prices of silver and gold, fluctuations in the currency markets
(particularly the Mexican peso, Canadian dollar and U.S. dollar); changes
in national and local governments, legislation, taxation, controls,
regulations and political or economic developments in Canada and Mexico;
operating or technical difficulties in mineral exploration, development
and mining activities; risks and hazards of mineral exploration,
development and mining (including environmental hazards, industrial
accidents, unusual or unexpected geological conditions, pressures,
cave-ins and flooding); inadequate insurance, or inability to obtain
insurance; availability of and costs associated with mining inputs and
labour; the speculative nature of mineral exploration and development,
diminishing quantities or grades of mineral reserves as properties are
mined; the ability to successfully integrate acquisitions; risks in
obtaining necessary licenses and permits, and challenges to the company’s
title to properties; as well as those factors described in the section
“risk factors” contained in the Company’s most recent form 40F/Annual
Information Form filed with the S.E.C. and Canadian securities regulatory
authorities. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those
contained in forward-looking statements or information, there may be
other factors that cause results to be materially different from those
anticipated, described, estimated, assessed or intended. There can be no
assurance that any forward-looking statements or information will prove
to be accurate as actual results and future events could differ
materially from those anticipated in such statements or information.
Accordingly, readers should not place undue reliance on forward-looking
statements or information.

Contacts:
Endeavour Silver Corp.
Hugh Clarke
Toll free: 877-685-9775 or (604) 685-9775
(604) 685-9744 (FAX)
hugh@edrsilver.com
www.edrsilver.com

Copyright 2010, Market Wire, All rights reserved.

Bumper walnut crop

Tasmania’s walnut production has doubled since last year and the crop is now gaining international recognition for quality.

At Swansea on the state’s east coast, walnut farm manager Rodney Jones says the drought in previous years has ravaged the crop, but ideal growing conditions this season have produced a bumper harvest.

“It’s really good, we’ve been here for a few years now and it’s been a hard slog to get to this point,” he said.

“Every year from now on we should start to increase so its pretty exciting for me and the staff here.”

Good rainfall has improved the quality of the nuts and wind machines have been set up at the Swansea walnut farm to eliminate the threat of frost.

John Hosken from Walnuts Australia says orders are pouring in from around the world.

“We’ve doubled the tonnage this year to around 800 tonnes up from 400 last year and we’ll continue to grow that tonnage over the next couple of years,” he said.

“It’s very encouraging, the demand for our product is high, the cool climate growing gives us softer shells so its easier to crack and our colour, we produce a lot of extra light kernel which is in high demand through the main markets in Europe and the Middle East.

Local walnuts will soon be making their way to countries including Spain, Italy and China.

The industry is now worth about $4 million to the state.

Potato growers reject McCain price cut

There are fears the food processor McCain will buy fewer potatoes from Ballarat growers if they continue to refuse a second consecutive price cut.

The company cut what it pays growers by $35 a tonne for the current harvest and wants to shave off a further $45 a tonne next season.

The Ballarat McCain Growers Group refused the request and has not made a counter offer.

But the group’s chairman, Dominic Prendergast, says he is worried other growing regions will accept the new contracts and leave Ballarat farmers in the cold.

“The first area, as in Tasmania, South Australia or Ballarat, to take up the offer would get preferential treatment as far as tonnage goes for next season,” he said.

Paradip Port to have deep draught iron ore berth

New Delhi, Jan 2 (ANI): The Cabinet Committee on Economic Affairs today approved the project of construction of deep draught iron ore berth at Paradip Port on Build, Operate and Transfer (BOT) basis at an estimated cost of Rs.591.35 crore.

Out of total cost, Rs.506.25 crore will be borne by the BOT operator while Rs.85.10 crore will be borne by the Paradip Port Trust.

The length of the approved BOT iron ore berth would be 370 meter, alongside depth of (-)17.1 meter which will be capable of handling vessels of 1,25,000 Dead Weight Tonnage (DWT) and will have developed stacking area of about 82,125 sqm.

The project is to be implemented within a period of 36 months from the date of award of the concession.

The project will help in de-congestion of Port due to handling of Iron-ore in higher capacity vessels upto 1,25,000 DWT.

It will reduce Sea freight, which will make Iron-ore exports more competitive in the International market.

The project will boost the industrial economy in the hinterland of Port leading to creation of job opportunities. (ANI)