Coal Stocks; Forbes & Manhattan Coal Corp. Announces Update on Agnew Lake Properties

TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 23, 2010 - Forbes & Manhattan Coal Corp. (formerly Nyah Resources Corp.) (TSX VENTURE:NRU) (the "Corporation") announces an update with respect to its previously held Agnew Lake properties located in the Hyman and Porter Townships in Sudbury, Ontario.


The Agnew Lake project consists of two separate exploration properties comprised of the Agnew Lake North Uranium property (the "Agnew Lake North Uranium Property"), which is the most advanced of the two claim blocks, and the Agnew Lake South property (the "Agnew Lake South Property"). The Agnew Lake North Uranium Property consists of seven unpatented mining claims (covering 1,032 ha, or 2,550 acres) located approximately 75 kilometres by road west of Sudbury, Ontario, in Hyman and Porter Townships. These claims encompass the past producing Agnew Lake Uranium Mine which was operated by Kerr Addison Mines Ltd. between 1977 and early 1983 producing approximately 1.9 million pounds of uranium. Three of the claims (850 hectares) are subject to a Federal license under the Nuclear Safety and Control Act. The Agnew Lake South Property consists of four unpatented mining claims (covering 692 hectares, or 1710 acres) located in Hyman Township of the Elliot Lake-Blind River uranium district, Ontario.
In September 2008, the Corporation announced that it had completed Phase III of the 2008 drill program consisting of 11 holes totaling 3,500 metres of NQ diamond drilling on the Agnew Lake North Uranium Property (See Press Release dated September 18, 2008). At this time, the Corporation also completed an aggregate of 62.3 line kilometres of ground geophysics at the Agnew Lake North Uranium Property and the Agnew Lake South Property. With respect to the Agnew Lake South Property, the Company completed magnetic, VLF-EM and IP surveys. Preliminary data with respect to these surveys indicate an antiformal structure with conglomerate units cropping out on the north limb and coincident high radioactivity that suggests conditions for a deposit similar to that found to the north. A follow up radiometric survey confirms the presence of uranium bearing conglomerates close to surface.
As set out in the Corporation's Management Discuss and Analysis for the financial year ended December 31, 2008 (the "MD&A"), during the year ended 2008, total exploration completed by the Corporation included 9,380 metres of drilling from 31 holes on the Agnew Lake North Uranium Property and exploration expenditures incurred on the properties are set out below.

EXPLORATION EXPENDITURES 2008
		Agnew Lake South Uranium Property $		Agnew Lake North Uranium Property $		Total $
Acquisition Costs
Balance, beginning of year		-		3,750,091		3,750,091
Acquisition and Property Costs		25,325		863		73,719
Property write-off		(25,325	)	(2,754,204	)	(2,827,060	)
Balance, end of year		-		996,750		996,750
Exploration Expenditures
Balance, beginning of year		-		946,192		946,192
	Consulting and labour	76,050		134,539		213,339
	Assaying	287		27,637		27,924
	Drilling	-		653,687		653,687
	Surveys	46,586		65,936		112,522
	Travel and truck rental	5,632		24,774		31,118
	Field expenses and office support	4,692		20,091		25,498
	Amortization	-		2,102		2,102
		133,247		1,874,958		2,012,382
	Property write-off	(133,247	)	(1,874,958	)	(2,012,382	)
	Balance, end of year	-		-		-
Total Deferred costs, end of year		-		996,750		996,750

Upon further review of the results from the Phase III drill program on the Agnew Lake North Uranium Property and the geophysics of both properties, as set out in the MD&A, taking into consideration the global collapse of the equity markets and the corresponding falling price of uranium at such time, the Corporation determined such results did not warrant further exploration work to be conducted with respect to the Agnew Lake North Uranium Property and decided not to proceed with any recommended work on the Agnew Lake South Property.
In February, 2009 the Corporation announced that it had entered into a letter agreement with Russo-Forest Corporation ("Russo-Forest") (See Press Release dated February 2, 2009) to acquire all of the issued and outstanding common shares of Russo-Forest (the "Change of Business Transaction"). In accordance with the proposed terms of the Change of Business Transaction, the Corporation entered into an agreement with Pitchblack Resources Ltd. ("Pitchblack") (formerly Cash Minerals Ltd.) whereby Pitchblack agreed to acquire the Agnew Lake properties in consideration for an aggregate of 15,000,000 common shares of Pitchblack and 7,500,000 share purchase warrants of Pitchblack. On December 18, 2009, the Corporation announced that it had decided not to proceed with the Change of Business Transaction which included the proposed sale of the Agnew Lake properties to Pitchblack.
On July 7, 2010 the Corporation announced that it had entered into a letter agreement with Forbes & Manhattan (Coal) Inc. ("Forbes Coal") to acquire all of the issued and outstanding common shares of Forbes Coal. On September 20, 2010 the Corporation announced that it had completed the business combination with Forbes Coal (the "Business Combination"). In connection with the Business Combination, the Corporation also announced that it had completed the sale of its Agnew Lake properties to Valencia Ventures Inc. ("Valencia") in consideration of a cash payment of $500,000 and two additional payments valued at $500,000 in cash or common shares of Valencia, at the election of Valencia. The sale of the Agnew Lake properties constitutes a non-arm's length transaction for the purposes of the TSX Venture Exchange as Nyah and Valencia have common directors and officers.
Since completion of the Phase III drill program in 2008, as set out in the MD&A, the Corporation has not conducted any additional material exploration work on the Agnew Lake properties. During the month of September 2010, the Corporation performed additional prospecting, mapping and radiation surveys on the Agnew Lake South Property. The cost of such work was approximately $15,000 and was conducted in order to maintain the property in good standing. Samples have been sent to ALS Chemex and results are expected within a month.
David Gower, P. Geo., is a Qualified Person under NI 43-101 and has reviewed and approved the technical and scientific information in this press release.
About the Corporation 
The Corporation holds a 53.5% interest in Slater Coal (Pty) Ltd., a South African Corporation ("Slater Coal") which has a 70% interest in Zinoju Coal (Pty) Ltd. ("Zinoju"). Zinoju holds a 100% interest in certain coal mines in South Africa (the "Slater Coal Properties"). The Slater Coal Properties comprise the operating Magdelena bituminous mine (the "Magdelena Property") and the Aviemore anthracite mine (the "Aviemore Property") and have a substantial resource base of bituminous and anthracite coal. The Slater Coal Properties are located in the Klipriver coalfield, near Dundee, in the KwaZulu Natal Province of South Africa and can be accessed via the N3, N11 Ladysmith and R102 Dundee tarred national highways that run between Johannesburg and Durban, South Africa.
Cautionary Note Regarding Forward-Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the future financial or operating performance of the Corporation and its projects, statements regarding the prospects for the business of the Corporation, statements regarding synergies and financial impact of the proposed transaction, the terms and conditions of the transaction, the benefits of the proposed transaction, the costs of and capital for harvesting projects, harvesting expenditures, timing of future acquisitions of additional properties and applicable licences, requirements for additional capital, government regulation of the mineral exploration industry, environmental risks, acquisition of mining licences, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, foreign operations, political and social uncertainties; a history of operating losses; delay or failure to receive board or regulatory approvals; timing and availability of external financing on acceptable terms; not realizing on the potential benefits of the proposed transaction; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of mineral products; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Corporation does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For more information, please contact
Forbes & Manhattan Coal Corp.
Stephan Theron
President and Chief Executive Officer
(416) 861-5912
stheron@forbescoal.com

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Columbus Gold (TSX VENTURE:CGT) Options Four Nevada Gold Projects to Navaho Gold; Drilling Planned at Stevens Basin

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 23, 2010 - Columbus Gold Corporation (TSX VENTURE:CGT) ("Columbus Gold" or the "Company") is pleased to announce that it has entered into joint venture agreements with Navaho Gold PTY Ltd., of Australia ("Navaho") whereby Navaho can earn into four of Columbus Gold's Nevada gold projects: Whitehorse Flats, Stevens Basin, Utah Clipper and Crestview.


Stevens Basin is located on the Battle Mountain Gold Trend approximately 16 km (10 miles) west-southwest of Eureka and about 10 km (6 miles) west of Barrick Gold's Archimedes open pit gold mine. The Utah Clipper and Crestview properties are located directly adjacent to Barrick Gold's Pipeline-Gold Acres gold mine complex, in the Cortez-Pipeline sector of the Battle Mountain Gold Trend. White Horse Flats is located 43 km (27 miles) south of Wendover. The property is 13 km (8 miles) east of the Kinsley Mine, which produced approximately 400,000 ounces of gold from a Carlin-type deposit mined by Cominco in the mid-1980's. Subject to net smelter returns royalties, Columbus Gold controls a 100% interest in the projects.
Pursuant to the terms of the Stevens Basin Agreement, Navaho can earn an initial 51% interest in Stevens Basin by: i) incurring $3 million in exploration expenditures over 3 years, of which $250,000 must be incurred in 2010 (weather permitting); ii) paying $20,000 in cash to Columbus Gold by December 24, 2010; and, iii) paying $60,000 in common shares of Navaho to Columbus Gold over 3 years.
Pursuant to the terms of the Whitehorse Flats Agreement, Navaho can earn an initial 51% interest in Whitehorse Flats by: i) incurring $3 million in exploration expenditures over 5 years; ii) paying $20,000 in cash to Columbus Gold by December 24, 2010; and, iii) paying $160,000 in common shares of Navaho to Columbus Gold over 5 years.
Navaho can earn an initial 51% interest in both Utah Clipper and Crestview by: i) incurring $3 million in exploration expenditures over 5 years; ii) paying $20,000 in cash to Columbus Gold by December 24, 2010; and, iii) paying $160,000 in common shares of Navaho to Columbus Gold over 5 years.
Pursuant to the agreements, once Navaho has earned an initial 51% interest, it can elect to earn an additional 19% interest for a cumulative 70% interest, by completing a bankable feasibility study or by making an additional $10 million in expenditures, within a four year period.
Stevens Basin
The claim block covers a 9 m by 30 m (30 ft by 100 ft) jasperoid (silicified limestone), which occurs at the base of a small hill of Devonian limestone, at the break in slope where bedrock passes under the gravel cover of Stevens Basin. Twelve samples of the jasperoid run from 1 to 2 g/t (0.029 to 0.058 opt) gold. Stevens Basin is an unusual semi-circular gravel basin surrounded by hills of Paleozoic sedimentary rocks, and is approximately 10-13 sq. km (4-5 sq. miles) in diameter. Columbus Gold's property is along the north margin of the basin. Mapping to date indicates the outcrop areas are mostly Devonian limestone, with areas of altered and mineralized intrusive and siltstone float.
Columbus Gold has collected 100 grid geochemical samples in the covered areas adjoining the limestone hills or hill. Sampling was of the coarser chips screened from fine soil in areas of no outcrop. The sampling yielded a gold anomaly (all samples greater than 100 ppb, with a high of 2,505 ppb and numerous samples exceeding 500 ppb) that arcs around the base of the hill for about 760 m (2,500 ft) in total length and 30-90 m (100-300 ft) in width. The gold anomaly coincides with significant anomalies of arsenic (from 100 to 1450 ppm), antimony (from 50 to 725 ppm), and mercury (from 1 to 70 ppm). The anomalous zone is still open in several areas. More sampling is necessary to define the overall shape and size of the anomaly, but drilling is clearly warranted by the results to date. A ground gravity survey will commence in late September and along with information derived from recently acquired airmag data, it will be used to optimize drill sites. Weather permitting, drilling by Navaho is planned to commence in November.
Utah Clipper and Crestview
Both properties are located directly adjacent to Barrick Gold's multi-million ounce Pipeline-Gold Acres gold mine complex, in the Cortez-Pipeline sector of the prolific Battle Mountain Gold Trend, Nevada. The Cortez-Pipeline sector has past production plus reserves totaling approximately 26 million ounces of gold.
The principal geologic targets at Utah Clipper and Crestview, classical "Carlin" or "Pipeline" style bulk mineable, disseminated gold deposits or high grade, structurally controlled vein deposits in "lower plate" carbonates, have not been adequately tested by past work.
Historic production at Utah Clipper includes silver and base metals from the Boss Mine and silver production from the Utah Camp and Clipper mines. Past work includes limited exploration by Newmont, Goldfields, Noranda/Hemlo and Uranerz/Cameco in the late-1980's to mid-1990's and by Agnico-Eagle and Barrick Gold during the last decade. Past work at Crestview includes limited drilling by Newmont in 1987, ASARCO in 1994 and more recently by Agnico-Eagle and Barrick Gold. The drill holes collared in the upper plate of the Roberts Mountains thrust fault and penetrated metamorphosed lower plate limestones and limy siltstones at depths of 122 to 152 m (400 to 500 ft). The lower plate rocks were altered in several holes, and contained anomalous gold.
White Horse Flats
White Horse Flats covers three small hills and the surrounding pediment to the east. Exposures on the three hills are limestones and siltstones of Permian age, overlain by a cap of silicification. The silicification forms a discontinuous north to south belt approximately 2,130 meters long and up to 150 meters wide (7,000 ft long and up to 500 ft wide). Silicification varies from weak to strong with common liesegang banding and is almost everywhere anomalous in gold (from 30 to 1,817 ppb gold), associated with anomalous arsenic, antimony, and mercury. The altered section is thought to dip east under shallow gravel cover and the property is positioned to cover this target. The mineralization is Carlin-type.
Detailed surface sampling by Columbus Gold delineated a significant area approximately 165 m long and 60 m wide (550 ft long and 200 ft wide) yielding 16 samples ranging from 0.32 to 1.82 g/t (0.01 to 0.05 opt) gold. The zone which is covered with alluvium on its north and east sides presents an excellent target for drilling.
Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101 who has reviewed and approved the technical contents of this news release. Mr. Wallace is a VP of Columbus Gold's wholly-owned US operating subsidiary, Columbus Gold (U.S.) Corporation and is the principal of Cordilleran Exploration Company ("Cordex"), which is conducting exploration and project generation activities for Columbus Gold on an exclusive basis.
ABOUT COLUMBUS GOLD
Columbus Gold Corporation is a gold exploration and development company operating principally in Nevada. The Company has an experienced management group with a strong background in all aspects of the acquisition, exploration, development and financing of precious metal mining projects. Columbus Gold controls a 100% interest, subject to royalties, in 22 gold projects strategically located along or near Nevada's most productive gold trends. The Company also holds a significant equity interest in Columbus Silver Corporation, an exploration company with a growing portfolio of silver projects in the Western United States.
Columbus Gold's and Columbus Silver's project activities are managed on an exclusive basis by Cordex, which has a long and successful history of gold discovery and mine development in the United States. Columbus Gold maintains active generative (prospecting) and evaluation programs and, as a key element of strategy, broadens exposure, minimizes risk and maintains focus on high priority prospects while seeking industry finance through joint ventures on selected projects. The Company currently has 12 of its projects joint ventured to major and junior mining companies, including Agnico-Eagle Mines.
ABOUT NAVAHO
Navaho Gold Pty Ltd is a subsidiary of ASX listed D'Aguilar Gold Limited (ASX:DGR). The company is clearly focused on the exploration and development of "Carlin" style gold mineralisation. Navaho has identified three areas in Queensland, Australia as highly prospective and holds six (6) granted and twenty (20) applications for exploration permits covering more than 7,000 km² (2,700 mile²) in the Georgetown, northern Bowen Basin and Texas areas. Navaho is also currently assembling a highly prospective gold portfolio within the 200m oz Carlin/Battle Mountain-Eureka trends in Nevada, USA. The company has recently completed a seed capital raising and commenced preparation of a prospectus ahead of a proposed IPO and ASX listing in early 2011.
The Board and Management of Navaho are all highly experienced resource industry professionals with a demonstrated track record in the discovery, project development and financing of precious and base metal projects.
ON BEHALF OF THE BOARD,
Robert F. Giustra, President & CEO, Director
This release contains forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"), respecting bond placement, and drilling, and the Company's general exploration plans. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by the forward-looking statements, including without limitation the ability to acquire necessary permits and other authorizations; ability to obtain funding sufficient for bond placement; environmental compliance; cost increases; availability of qualified workers and drill equipment; competition for mining properties; risks associated with exploration projects, mineral reserve and resource estimates (including the risk of assumption and methodology errors); dependence on third parties for services; non-performance by contractual counterparties; title risks; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about: general business and economic conditions; the timing and receipt of required approvals; availability of financing; power prices; ability to procure equipment and supplies including without limitation drill rigs; and ongoing relations with employees, partners and joint venturers. The foregoing list is not exhaustive and we undertake no obligation to update any of the foregoing except as required by law.

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

For more information, please contact
Columbus Gold Corporation
Ray Lagace
Investor Relations
604-638-3474 or 1-888-818-1364
info@columbusgoldcorp.com
www.columbusgoldcorp.com

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Mining News; Valterra(CNSX:VTA)(FRANKFURT:3VA) Drills Toughnut Yielding 4.05 g/t Au over 8.0m

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog)   - Sept. 23, 2010) - Valterra Resource Corporation ("Valterra") (CNSX:VTA)(FRANKFURT:3VA) reported encouraging near surface diamond drill results from its recent 2010 exploration program at the Au-Ag-Cu porphyry/shear-hosted "Star Project" (Star and Toughnut claims) located in southeast British Columbia.


Drilling intercept highlights at the Eureka and Toughnut zones include:

VTN10-005 (Toughnut):		4.05 g/t Au & 0.88 g/t Ag over 8.0 metres
VTN10-003 (Toughnut):		1.28 g/t Au & 0.70 g/t Ag over 12.0 metres
VST10-011 (Eureka):		0.28 g/t Au, 4.45 g/t Ag & 0.27% Cu over 66.67 metres
Including		1.07 g/t Au, 19.05 g/t Ag & 2.32% Cu over 2.0 metres

The Company completed a total of 1,438 metres in seven NQ2/BTW-sized drill holes. The drilling centred on three of the five-known gold-silver +/- copper zones that are contained within a prospective 3.5 kilometre-long polymetallic mineral trend transecting the claim blocks. The initial phase of Toughnut zone drilling has defined approximately 200 metres of strike length that is located more than 3.0 kilometres southeast of the Eureka zone. The company believes that the geological, structural, alteration, and mineralogical packages intercepted in the drilling are consistent with a zoned porphyry model subjected to shear-fault/hydrothermal activity that generated focused zones of higher-grade.
Valterra expects timely receipt of pending assays from the remaining two holes recently drilled at the Toughnut occurrence and anticipates undertaking a Phase II exploratory drill program on several anomalies in the area during Q3/Q4 of 2010.
Targeting was aided by several recent technical programs implemented by Valterra in Q2 2010. Firstly, a geological consultant was retained to prepare a technical (compilation) report on the Star-Toughnut dataset which outlines several geophysical, geological and reverse circulation/diamond drilling programs spanning a 25-year period. Secondly, a 30 square kilometre airborne EM-MAG survey was flown by Aeroquest Ltd. over the entire +1,900 hectare claim block (see NR-03-10). Lastly, the airborne data was subjected to detailed processing analyses by a geophysical consultant whose work refined and sharpened numerous airborne anomalies warranting follow-up.
This region of the province has produced several million ounces of gold and precious metals from numerous past producers. The BC MINFILE records lists such operations as the Rossland Camp (past production estimate of 3.5M ounces of gold), and the Silver King mine - BC's first lode mine ca. 1888 (reportedly produced 4.4M ounces of silver⁽¹⁾). Valterra's claims are centrally located on the Silver King Shear Zone, to the east is the Kena Gold project (1.0M ounce NI43-101 compliant gold resource⁽²⁾ - Sultan Minerals Inc.), and to the northwest is the Kenville Mine (386,000 ounce NI43-101 compliant gold resource⁽³⁾ - Anglo Swiss Resources Inc.).
2010 QA/QC Protocols
Core samples were analyzed at Acme Analytical Laboratories Ltd. located in Vancouver, BC, for Au + 41 elements by Fire Assay (FA)/Inductively Coupled Plasma (ICP)/Emission Spectroscopy (ES) and Four-Acid Digestion/ Inductively Coupled Plasma (ICP)/Mass Spectroscopy (MS) using appropriate calibration standards. Additionally, any samples assaying greater than 10.0 g/t Au are re-analyzed using a Gravimetric finish.
Valterra implemented established QA/QC quality protocols throughout the core sampling process comprising "blind" insertions of a variety of standard pulps, blanks and field duplicated samples. Certified analytical standards were utilized from suppliers CDN Resource Laboratories Ltd. and WCM Minerals Limited and overall approximately 10% of the total assays were QA/QC-related; the results of which were carefully monitored in order to verify the assaying quality.
Table 1: 2010 Drill Assay Composites for the Star Project *

	Collar Data
	AZ	DIP	Depth	From	To	Interval	Au	Ag	Cu
Hole #	Deg	Deg	(m)	(m)	(m)	(m)	(g/t)	(g/t)	(%)
Star Zone
VST10-010	95	-50	187.76	109.00	127.00	18.00	0.90	3.93	0.27
			incl	123.00	127.00	4.00	1.44	6.00	0.59
Eureka Zone
VST10-011	90	-50	313.03	52.59	70.00	17.41	1.00	1.11	0.15
			and	88.93	90.93	2.00	4.18	23.80	0.48
			and	230.33	297.00	66.67	0.28	4.45	0.27
			incl	259.55	261.55	2.00	1.07	19.05	2.32
			incl	266.98	271.12	4.14	0.99	24.22	1.11
			incl	268.98	271.12	2.14	1.42	39.38	1.67
Toughnut Zone
VTN10-001	31	-50	203.61	58.00	64.00	6.00	1.32	0.53	-
			and	74.00	79.48	5.48	1.25	0.79	-
VTN10-002	31	-50	139.60	- assays pending -
VTN10-003	31	-50	142.34	39.00	51.00	12.00	1.28	0.70	-
			and	86.18	100.93	14.75	0.99	1.30	-
VTN10-004	75	-50	224.64	- assays pending -
VTN10-005	31	-70	226.77	77.40	122.00	44.60	1.30	1.26	-
			incl	81.00	89.00	8.00	4.05	0.88	-

* Interval widths reported are drill intercept widths; true widths are currently undefined. The assays are uncut, width-weighted average values.

About Valterra Resource Corporation
Valterra is a Manex Resource Group Company. The Group provides expertise in exploration, administration, and corporate development services for the Company's mineral properties located in the Kootenay Region of BC.
The Company has interests in approximately 11,100 hectares in southeast BC that currently focuses on four primary projects: The Star gold-silver-copper claims, located southwest of Nelson, BC and the Toughnut gold-silver-copper-lead-zinc claim block adjoins the Company's Star claims ("Star Project"). In January 2010, Valterra acquired the Rozan gold-silver-lead-zinc property situated just south of the Toughnut. Collectively, the Company has a strong foothold in this part of the belt with over 3,800 hectares under tenure.
Furthermore, the company has optioned the Swift Katie copper-gold porphyry/shear-hosted project located near Salmo BC, to Tosca Mining Corp. The project was drill targeted in August 2010 with Valterra acting as operator. A total of 786 metres was completed in two NQ2-sized holes collared on geophysical anomalies identified at the 17 and Roaring zones; assays are pending.
Since 2007, Valterra has aggressively explored and expanded its claim blocks within the gold-enriched "Rossland Volcanic Belt" by completing over 8,450 metres of diamond drilling, conducting 810 line-kilometres of heli-borne geophysics, undertaking a variety of mapping-sampling and staking programs, as well as acquiring new properties and joint venturing.
Brian McGrath, P.Geo., is the Qualified Person responsible for reviewing the technical results reported in this release.
On behalf of the Board of Directors,
Lawrence Page, Q.C., President, Director, Valterra Resource Corporation
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Valterra Resource Corporation relies upon litigation protection for forward looking statements.
(1) Historical production/inventory statistics for mines at Rossland and Silver King were obtained from public documents available from the BC Government Mineral Inventory File (MINFILE) database. The reporting standards used in this specific file were obtained prior to the establishment of NI43-101 regulations. Valterra Resource Corporation has not independently verified this historical data. Valterra Resource Corporation has no reason to believe that these results are not representative of mineralization associated with the mining activity.
(2) Resource information gathered from the Kena Property Technical Report dated June 3, 2004.
(3) Resource information gathered from the Kenville Gold Mine - 257 Level Technical Report dated July 22, 2009.

The Canadian National Stock Exchange (CNSX) has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

For more information, please contact
Valterra Resource Corporation
Liana Shahinian
1.888.456.1112 or 604.641.2773
liana@mnxltd.com
www.valterraresource.com

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TSX Gold Stocks; Bear Lake Gold (TSX VENTURE:BLG) Reports Drill Results at Larder Lake: Second Diamond Drill to Arrive Shortly

LONGUEUIL, QUÉBEC--( http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 23, 2010) - Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) is pleased to announce the first drill results of its 2010 drill program at the Larder Lake property, in Ontario. Hole 49-W3 intersected 1.7 g Au/t over 9.5m in flow-type mineralization at a depth of 850m and hole 78 intersected 1.9 g Au/t over 4.5m at a depth of 700m, also in flow-type mineralization. The following table highlights the results in all three holes. The attached longitudinal sections show the location of the drill holes.



Table – Highlights

Hole	From	To	Core Length(.1)	Au (g/t)	Zone
NFX-08-49W3	883.0	892.3	9.3	0.29	Carb.
	1017.0	1026.5	9.5	1.74	Flow
including	1022.8	1025.5	2.7	4.75	Flow
BLG-10-77	702.5	704.0	1.5	0.16	Carb.
BLG-10-78	696.5	701.0	4.5	1.43	Carb.
	735.5	738.6	3.1	1.47	UM
	819.0	823.5	4.5	1.90	Flow

(.1)It is not possible at this time to determine true widths. All widths of intercepts reported are core length.
Hole 49-W3 is a re-drill of hole 49, and holes 77 and 78 were drilled on the eastern edge of the mineralized envelope for logistical reasons. The drilling confirmed the presence and extended the typical mineralized alteration zones, and intersected both Carbonate-type and Flow-type mineralization with the exception of Hole 77. This hole was abandoned after deviating too far off target and did not reach the flow-type mineralization. The intensity and characteristics of alteration encountered in these holes will allow the Company to focus more accurately on the interpreted location of the higher grade lenses within the heart of the Bear Lake deposit. The alteration can also be used as a vector toward locating higher grade zones outside the actual mineralized envelope. (See link to longitudinal map below)
Longitudinal Section Carbonate-type Mineralization: http://www.bearlakegold.com/i/maps/LarderLake_Long_Sep10_Carb.jpg
Longitudinal Section Flow-type Mineralization: http://www.bearlakegold.com/i/maps/LarderLake_Long_Sep10_Flow.jpg
2010 Work Program
Following the completion of a $3.76M Financing, the drilling program is now underway at Larder Lake with one drill working on site. A second drill is scheduled to arrive later this month to accelerate the drilling. The program consists of approximately 15,000 meters of diamond drilling focused mostly on the Bear Lake zone. The campaign will mainly target the upper part of the Bear Lake zone at depths between 400m and 1,200m from surface with the objective to define and expand the higher grade mineralized lenses, including both the Carbonate and Flow-type mineralized horizons. The objective is to complete a NI43-101 compliant resource estimate as soon as the density of drilling is sufficient on the Bear Lake zone. The Larder Lake properties extend over 13km straddling the prolific Cadillac-Larder Lake fault zone, host of the historic Kerr Addison mine (11M ounces of gold produced), which is located some 4km to the east. Easily accessible, the properties are close to major infrastructure including a paved road and power line.
QA/QC
The Company has implemented a rigorous QA/QC program independently set up and supervised by P&E Mining Consultants Inc., of Brampton, Ontario. The program includes chain of custody of samples, drill core sawn in half and shipped in sealed bags to Laboratoire Expert, a certified assay laboratory located in Rouyn Noranda, Quebec. Blank samples, blind duplicates and certified standards are also inserted in the sample stream. Samples with gold values higher than 10g Au/t are re-analysed via the metallic screen procedure. Samples containing visible gold are also analysed systematically with the metallic screen analysis.
Qualified Person
The 2010 work program is directed by Francois Viens, P. Eng., President and CEO of Bear Lake Gold. Mr. Viens is a Qualified Person as defined by NI 43-101. Mr. Viens prepared and approved the content of this press release.
Forward-Looking Information
This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Specifically, this news release contains forward looking information about the Company's plans for the work program to be carried out at Larder Lake and plans to complete a resource estimate. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control, including risks related to mining exploration and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.
About Bear Lake Gold
Bear Lake Gold Ltd. is engaged in the exploration of gold and precious mineral properties in North America. Additional information about the Company is available on the Company's website, www.bearlakegold.com and on SEDAR at www.sedar.ca .

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.

For more information, please contact
Bear Lake Gold Ltd.
Francois Viens
President and CEO
450-677-1009
450-677-2601 (FAX)
fviens@bearlakegold.com

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