Gold Stocks News: Running Fox Resource (TSX V:RUN): Approves High Grade Gold Project

VANCOUVER, BRITISH COLUMBIA - February 23, 2011 (Investorideas.com newswire) Steven Schurman, P. Geol (US), CEO, Director, reports:
Running Fox Resources (TSX VENTURE:RUN; PINK SHEETS:RFXRF; FRANKFURT:C8Q) is pleased to report that it has received formal Toronto Stock Exchange - Venture approval for its agreement to acquire the remaining 50% of the its high grade Brett Gold Project, Running Fox will then own 100%.
The Teck Cominco smelter receipts for the net recovered grades for the whole bulk sample proved ore averaged 28 grams per tonne gold plus 64 grams per tonne silver.
A review of drilling results at the Brett Gold Project includes 16 metres of 35 grams per ton gold.

Brett Gold Property - from 43-101 Technical Report Table of Significant Intersections selected intercepts all over minimum width/grade, Gold values only, Silver To Be Determined

Hole # number	Grade oz Au/t	from feet	to feet	length feet	from meters	to meters	length in meters	Gold grade gms Au/mt
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86-04	0.253	34.51	39.01	4.49	10.52	11.89	1.37	8.66
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86-09	0.290	154.99	160.01	5.02	47.24	48.77	1.53	9.93
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86-10	0.125	146.00	150.98	4.99	44.50	46.02	1.52	4.28
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86-15	0.284	135.01	141.01	6.00	41.15	42.98	1.83	9.73
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86-16	0.175	185.99	197.01	11.02	56.69	60.05	3.36	5.99
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87-29	0.166	137.80	141.08	3.28	42.00	43.00	1.00	5.68
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87-29	0.737	149.77	178.05	28.28	45.65	54.27	8.62	25.24
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87-29	0.274	170.90	178.00	7.10	52.09	54.25	2.16	9.38
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87-30	0.144	263.00	273.00	10.00	80.16	83.21	3.05	4.93
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87-30	0.127	296.26	301.51	5.25	90.30	91.90	1.60	4.35
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87-30	0.092	311.90	329.00	17.10	95.07	100.28	5.21	3.15
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87-36	0.063	149.93	175.03	25.10	45.70	53.35	7.65	2.16
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87-37	0.104	212.90	234.60	21.70	64.89	71.51	6.61	3.56
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87-42	0.991	256.70	265.70	9.00	78.24	80.99	2.74	33.94
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87-45	0.169	216.50	221.50	5.00	65.99	67.51	1.52	5.79
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87-45	0.125	226.40	232.90	6.50	69.01	70.99	1.98	4.28
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7-46	0.119	93.40	98.10	4.70	28.47	29.90	1.43	4.08
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87-46	0.107	105.00	119.80	14.80	32.00	36.52	4.51	3.66
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87-46	0.074	137.96	188.98	51.02	42.05	57.60	15.55	2.53
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87-46	0.111	170.90	186.00	15.10	52.09	56.69	4.60	3.80
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87-46	0.133	259.19	279.04	19.85	79.00	85.05	6.05	4.55
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87-47	0.110	221.10	226.70	5.60	67.39	69.10	1.71	3.77
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87-47	0.980	245.10	248.10	3.00	74.71	75.62	0.91	33.56
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88-51	0.540	125.00	132.20	7.20	38.10	40.29	2.19	18.49
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88-61	0.082	148.29	153.22	4.92	45.20	46.70	1.50	2.81
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88-61	0.278	233.90	236.90	3.00	71.29	72.21	0.91	9.52
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88-62	0.119	356.60	366.50	9.90	108.69	111.71	3.02	4.08
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88-67	0.091	332.19	337.11	4.92	101.25	102.75	1.50	3.12
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88-69	0.107	373.40	378.80	5.40	113.81	115.46	1.65	3.66
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88-73	0.168	505.25	509.84	4.59	154.00	155.40	1.40	5.75
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89-76	0.118	395.01	401.05	6.04	120.40	122.24	1.84	4.04
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89-78	0.041	235.89	257.48	21.59	71.90	78.48	6.58	1.40
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89-80	0.211	262.93	268.01	5.09	80.14	81.69	1.55	7.23
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89-80	0.197	322.87	325.69	2.82	98.41	99.27	0.86	6.75
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89-80	0.202	343.34	347.83	4.49	104.65	106.02	1.37	6.92
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89-82	0.185	323.00	332.41	9.42	98.45	101.32	2.87	6.34
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89-89	0.720	615.72	618.01	2.30	187.67	188.37	0.70	24.66
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89-89	0.280	611.61	618.01	6.40	186.42	188.37	1.95	9.59
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89-91	1.256	441.31	445.41	4.10	134.51	135.76	1.25	43.01
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89-91	0.726	441.31	450.66	9.35	134.51	137.36	2.85	24.86
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89-92	1.590	427.00	430.74	3.74	130.15	131.29	1.14	54.45
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89-97	0.224	462.60	470.90	8.30	141.00	143.53	2.53	7.67
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R88-02	0.076	102.03	136.98	34.94	31.10	41.75	10.65	2.60
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R88-02	0.049	247.00	332.00	85.00	75.29	101.19	25.91	1.68
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R88-03	0.100	73.00	77.92	4.92	22.25	23.75	1.50	3.42
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R88-04	0.027	19.72	34.94	15.22	6.01	10.65	4.64	0.92
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R88-07	0.503	88.90	104.00	15.10	27.10	31.70	4.60	17.23
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R88-09	0.089	52.99	58.07	5.09	16.15	17.70	1.55	3.05
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R88-15	0.100	145.01	155.02	10.01	44.20	47.25	3.05	3.42
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R88-15	0.101	149.93	155.02	5.09	45.70	47.25	1.55	3.46
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R88-15	0.108	274.93	284.94	10.01	83.80	86.85	3.05	3.70
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R88-17	0.224	55.00	80.00	25.00	16.76	24.38	7.62	7.67
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R88-17	0.462	385.01	405.02	20.01	117.35	123.45	6.10	15.82
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R88-16	0.074	75.00	185.00	110.00	22.86	56.39	33.53	2.53
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R88-18	0.165	221.46	225.07	3.61	67.50	68.60	1.10	5.65
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R88-18	0.228	245.08	254.92	9.84	74.70	77.70	3.00	7.81
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R88-18	0.088	294.95	304.95	10.01	89.90	92.95	3.05	3.01
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R88-19	0.270	135.00	140.00	5.00	41.15	42.67	1.52	9.25
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R88-19	0.113	135.01	149.93	14.93	41.15	45.70	4.55	3.87
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R88-19	0.110	195.05	199.97	4.92	59.45	60.95	1.50	3.77
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R88-21	0.124	50.03	54.95	4.92	15.25	16.75	1.50	4.25
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R88-22	0.244	314.96	330.05	15.09	96.00	100.60	4.60	8.36
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R88-22	0.084	315.00	406.00	91.00	96.01	123.75	27.74	2.88
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R88-22	0.106	364.17	383.86	19.69	111.00	117.00	6.00	3.63
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R88-23	0.042	183.73	209.97	26.25	56.00	64.00	8.00	1.44
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R88-24	0.097	34.94	40.03	5.09	10.65	12.20	1.55	3.32
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R88-24	0.087	60.04	64.96	4.92	18.30	19.80	1.50	2.98
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R88-24	0.030	98.43	144.36	45.93	30.00	44.00	14.00	1.03
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R88-24	0.054	225.00	320.00	95.00	68.58	97.54	28.96	1.85
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R88-24	0.102	260.01	264.93	4.92	79.25	80.75	1.50	3.49
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R88-24	0.072	274.93	280.02	5.09	83.80	85.35	1.55	2.47
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R88-24	0.089	280.02	284.94	4.92	85.35	86.85	1.50	3.05
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R88-24	0.227	288.71	291.99	3.28	88.00	89.00	1.00	7.77
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R88-24	0.112	305.12	310.04	4.92	93.00	94.50	1.50	3.84
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R88-25	0.050	324.80	360.89	36.09	99.00	110.00	11.00	1.71
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R88-30	0.124	80.05	84.97	4.92	24.40	25.90	1.50	4.25
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R88-31	0.058	62.34	101.71	39.37	19.00	31.00	12.00	1.99
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R88-32	0.136	65.00	120.00	55.00	19.81	36.58	16.76	4.66
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R88-32	0.171	70.05	74.97	4.92	21.35	22.85	1.50	5.86
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R88-33	0.113	20.01	24.93	4.92	6.10	7.60	1.50	3.87
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R88-33	0.050	104.99	129.92	24.93	32.00	39.60	7.60	1.71
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R88-33	0.088	399.93	405.02	5.09	121.9	123.45	1.55	3.01
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R88-34	0.083	400.26	410.10	9.84	122.00	125.00	3.00	2.84
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R93-11	0.197	130.00	140.00	10.00	39.62	42.67	3.05	6.75
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R93-12	1.840	115.00	120.00	5.00	35.05	36.58	1.52	63.01
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R93-12	1.210	140.00	145.00	5.00	42.67	44.20	1.52	41.44
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R93-12	0.382	130.00	150.00	20.00	39.62	45.72	6.10	13.09
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R93-12	0.208	200.00	210.00	10.00	60.96	64.01	3.05	7.12
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R93-12	0.113	175.00	210.00	35.00	53.34	64.01	10.67	3.87
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R93-16	0.692	120.00	125.00	5.00	36.58	38.10	1.52	23.70
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R93-17	0.408	105.00	110.00	5.00	32.00	33.53	1.52	13.97
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R93-17	2.750	125.00	130.00	5.00	38.10	39.62	1.52	94.18
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R93-17	1.640	125.00	135.00	10.00	38.10	41.15	3.05	56.16
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R93-19	1.045	100.00	155.00	55.00	30.48	47.24	16.76	35.79
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R93-19	0.283	175.00	180.00	5.00	53.34	54.86	1.52	9.69
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87-TR4	1.840	6.40	10.99	4.59	1.95	3.35	1.40	63.01
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87-TR21	2.052	0.00	7.87	7.87	0.00	2.40	2.40	70.27
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87-TR21	0.372	0.00	7.87	7.87	0.00	2.40	2.40	12.74
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87-TR22	0.110	37.07	54.13	17.06	11.30	16.50	5.20	3.77
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93-TR770	0.370	0.00	18.24	18.24	0.00	5.56	5.56	12.67
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93-TR946	0.980	10.89	13.52	2.62	3.32	4.12	0.80	33.56
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93-TR957	2.650	19.23	20.77	1.54	5.86	6.33	0.47	90.75
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93-TR957	0.696	18.57	24.70	6.14	5.66	7.53	1.87	23.84
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93-TR988	0.549	54.49	57.28	2.79	16.61	17.46	0.85	18.80
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2004 Program
In addition to the intercepts in the table above, the 2004 drilling program intersected significant gold bearing intersections in 15 of the 17 holes drilled, notably:
DDH# 04-01 intersected 10.2 meters grading 5.28 grams per ton including 1.6 meters grading 29.6 grams per ton gold, and,
DDH# 04-02 intersected 11.6 meters grading 10.39 grams gold per ton including 3.1 meters grading 34.02 grams per ton gold; and,
Importantly, DDH# 04-12 intercepted 1.3 meters grading 176 grams per ton gold in a new shear zone.
This new zone, located on a tuffaceous bed, is located 53 metres east of the main shear zone and represents a totally new zone as none of the previous drill holes went as far east as this hole. The zone is cut off by several postmineral dikes in the core, possibly indicating the presence of a second parallel shear structure. If so, this would be the first confirmation of bonanza high-grade gold values (greater than one ounce per ton gold) on a parallel shear structure, opening the possibility that similar high-grade zones may be present, along the numerous other shears identified during surface work. The entire strike length of the new shear structure is unexplored as none of the previous drill holes were near its projection.
Also See "Top 40 Gold Intercepts" at http://www.foxgold.ca/images/40holes.jpg
The 2004 soil geochemical survey identified numerous and as yet untested gold in soil anomalies as much as 2,000 meters north of the Main Shear Zone drilling which appear to trend in the same northeast and northwest direction as the gold mineralization found in the shear zones around the Main Shear Zone. Gold mineralization found in a road cut 3,000 meters north of the Main Shear Zone drilling assayed 9.5 grams per ton gold.

Running Fox believes that these untested soil anomalies represent significant exploration targets that are similar in geology and grade of gold mineralization to that found around the Main Shear Zone.
Post transaction, Running Fox will have approx. 49 million shares outstanding.
The Company has recurring cash flow and after recent progress, very little debt.
In addition, the Company owns other assets.
Running Fox will be planning a 2011 exploration campaign at the Brett property that will also include drilling and trenching of soil anomalies, as the prior program opened up large areas for exploration and the development of additional gold bearing zones.
Complete maps, geochem, and drilling history are available for review/download on the Running Fox website.
The project has significant early stage block calculations on a small portion of one shear zone - and there are numerous shear zones, running under large undrilled geochem zones with good gold values over large areas, (see Geochem in Assessment Report).
Following further drilling a new 43-101 Technical Report will be requested that will include all drilling and a qualifying resource calculation.
See the brief 3D Geological and drillhole movie on website www.foxgold.ca.
To view the, 3D image of footwall, please click on the following link: http://media3.marketwire.com/docs/0221run.jpg
Steven Schurman, CEO, Professional Geologist (US), is the named Qualified Person for the technical contents of this news release.
Note: Source for all intercepts are 43-101 Technical Report, and Brett Gold Assessment Report available at www.foxgold.ca and on SEDAR.
On behalf of the Board of Directors: Steven Schurman, P. Geol (US), CEO, Director
The Company relies on legislation applicable to forward looking statements, seeking safe harbour.
Contact:
Steven Schurman, P. Geol (US)
Running Fox Resource Corp.
CEO, Director
1 303 619 5234 or 604 725 8868
www.foxgold.ca

Mining Stocks; YALE (TSX-V: YLL) FINALIZES OPTION FOR THE CAROL PROPERTY, SONORA STATE

February 22, 2011 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to report that it has signed a formal Agreement with El Condor Minerals Inc. for the option to earn a 70% interest in Yale�s wholly owned Carol Property located in southern Sonora State, Mexico. Yale has received a total of $ 50,000 in cash to date.

To earn a 70 % interest in the Carol property El Condor will be required to spend $ 1,700,000 on exploration expenditures and pay Yale a total of $350,000 over four years. The exploration expenditures required in the first year is $200,000 with $100,000 being a firm commitment having to be spent within the first six months.
El Condor will be designated as the operator for the project during the length of the Agreement and as such will oversee the work on the property and designate contractors, which may include Minera Alta Vista, Yale�s Mexican subsidiary.
About Yale Resources:
Yale Resources is an exploration and development company concentrating in northwestern Mexico. Utilizing the joint venture business model, Yale is able to maximize its exposure to discovery while minimizing exploration risk. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects. Yale has four projects under option to value added partners with commitments for approximately $1.0M in expenditures during the next 12 months.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President

For additional information on Yale Resources please call the Company at 604-678-2531.

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. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
604-678-2531

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Gold Stocks; GOLD BULLION CONTINUES TO EXPAND MINERALIZED ZONES AT GRANADA PROPERTY

Vancouver, British Columbia - February 15, 2011 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (CDNX:GBB.V) (Other OTC:GBBFF.PK) (the "Company" or "Gold Bullion") has received assay results for 56 diamond drill holes on its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec. This includes the remaining assay results from the Phase 2, 25,000-metre drill program as well as initial holes of the 50,000 metre Phase-3 program. To date, over 13,000 metres of the Phase 3 program have been drilled. The goal of the current drill campaign is to test the continuity between the currently outlined Preliminary Block Model area and the eastern section of the LONG Bars Zone.

"We have now drilled an area 1,200 metres long and from 250 to 500 metres wide at the Granada property", commented Mr. Frank Basa, President and CEO of Gold Bullion Development Corp. "We are very pleased with the results to date and believe they will ultimately significantly expand the mineralized area in all directions outside the Preliminary Block Model."
Summary

• Outside of the Preliminary Block Model area, drilling has identified significant gold mineralization, many with long intercepts, in new structures in the NE Extension, SE Extension and Eastern Extension sectors.
• Consulting geologists at GENIVAR believe they may have intersected the extension of Vein #5 in the NE Waste Pile Sector
• Drills intersected high grade gold intervals in the Trail sector which may be related to a series of NNE trending fault zones. More work is required to validate this relationship.
• In the Preliminary Block Model area, Vein #2 has been extended along strike and down dip into the Vein #2 sector and numerous smaller parallel mineralized structures were identified to the north, in the hanging wall of the Vein.
• An aggressive drilling campaign continues to target the NE Extension, SE Extension and NE Waste Pile sectors.
• In March a drill will be moved to the Eastern part of the property to test the promising Aukeko target.

For increased clarity and ease of locating drill hole stations, the names of sector areas are being used to help describe drill hole locations with reference to the drill plan map which can be found on our website at http://www.GoldBullionDevelopmentCorp.com.
Mineralization at Granada is typically associated with finely disseminated pyrite and/or arsenopyrite. It is hosted within altered sericitized and silicified syenite feldspar porphyry sills and quartz vein stockwork and breccias as well as quartz-carbonate veinlets in the sedimentary rocks. These structures strike in an East-West direction and dip steeply to the north. Numerous parallel mineralized structures have been identified throughout the property.
Newly Delineated Structures
Gold Bullion's geological consultants, GENIVAR, report that additional structures have been intersected in the following sectors of the property; the NE Extension, the SE Extension and the Eastern Extension. Some drill hole highlights from these sectors include:

• Hole GR-10-113 in the NE Extension zone intersected a vein grading 162.75 g/t gold over 1.09 metres (starting 232.5-metres down hole).
• In the SE Extension area, holes GR-10-131 and 134 intersected what GENIVAR believes to be the same new structure. Hole GR-10-134 intersected 9.3-metres averaging 1.09 g/t gold within a 57-metre interval averaging 0.56 g/t gold. Hole GR-10-131 intersected 5-metres averaging 2.14 g/t gold within a 129-metre interval averaging 0.15 g/t gold.
• In the Eastern Extension zone, (where previously reported Hole GR-10-17 intersected 65.5 metres averaging 1.21 g/t gold), nine additional holes intersected long intervals of mineralization interspersed with narrow sections of higher grade. Hole GR-10-153 hit 135-metres averaging 0.62 g/t gold starting 3.9-metres down-hole. This included a 1-metre interval averaging 54.97 g/t starting 3.9-metres down-hole. Hole GR-10-145 cut a 45.9-metre interval averaging 0.82 g/t gold starting 31.3-metres down-hole that included a 1.5-metre interval that averaged 12.3 g/t gold.

NE Waste Pile Sector
In the NE Waste Pile Zone, GENIVAR believes it may have intersected the extension of Vein #5 in Holes GR-10-118 and GR-10-141. The Vein #5 outlined in the Preliminary Block Model Zone and based on this drill data may continue eastward. Hole GR-10-141 intersected 1.5-metres averaging 39.9 g/t gold, starting 40-metres down hole. This occurred in a larger mineralized envelope that averaged 0.52 g/t over 276 metres.
Trail Sector (Sector between Eastern Extension and Preliminary Block Model area)
A series of holes were drilled to test NNE trending faults identified in the Trail Sector. It is hypothesized that these faults may have acted as conduits for mineralizing fluids. Hole GR-10-117 cut a number of high grade intervals including:

• 2.4 metres averaging 22.5 g/t gold starting 4.6 metres down hole
• 1 metre averaging 14.95 g/t gold starting 76.5 metres down hole
• 1 metre averaging 15.65 g/t gold starting 107.5 metres down hole
• 18.5 metres averaging 2.3 g/t gold starting 150.5 metres down hole

These intervals, together with lower grade sections averaged 0.74 g/t gold over 198 metres.
Vein 2 Sector
A total of 16 new holes were drilled into the Vein #2 sector. Results have extended the vein down dip between 100 and 200 metres. In addition, numerous smaller parallel veins have been intersected in the hanging wall of Vein #2. All of these veins appear to be related to an altered feldspar porphyry.
Significant drill results include Hole GR-10-114 which intersected 177 metres averaging 0.51 g/t gold starting 3 metres down hole and Hole GR-10-54 which intersected 110 metres averaging 0.55 g/t gold starting 19 metres down hole.
Looking Ahead
Currently Gold Bullion has two drill rigs turning on the property as part of its Phase 3 drilling campaign. Five more holes will be collared in the NE Extension sector. An additional three holes will target the NE Waste Pile area and three holes will test the SE Extension sector (more if results warrant).
Later in March, Gold Bullion intends to drill test the Aukeko Shaft and the surrounding area. This target is situated on the eastern part of the property about 2 km east of the LONG Bars Zone. Historical data indicates that considerable visible gold was noted in the Aukeko vein at the bottom of the Aukeko shaft. Previous geological mapping detected numerous easterly striking syenite porphyry "dykes" and quartz veins similar to what is seen at the LONG Bars zone.
The Company plans to initiate a NI-43-101 resource estimate this summer once the majority of the Phase 3 drill results are received.
Please refer to the detailed drill map available on the Gold Bullion web site, www.GoldBullionDevelopmentCorp.com.
Widths reported in the preceding table are drill widths; true widths are unknown at this time. Assays are uncut, length-weighted average values.
QA/QC
Gold Bullion's NQ drill program and drill core sampling, including the quality assurance/quality control program, are supervised by GENIVAR, Gold Bullion's geological consultant. Core from the above holes was sent to ALS Chemex Labs in Val d'Or, Quebec, and Laboratoire Expert in Rouyn-Noranda, Quebec, for analysis. Gold was assayed by fire assay with additional metallics analysis done on samples where visible gold was identified. Analytical accuracy and precision are monitored by the analysis of reagent blanks and reference materials at both labs. Quality control is further assured by the insertion of blind certified standard reference material and blanks into the sample stream at regular intervals by Gold Bullion and GENIVAR personnel in order to independently assess analytical accuracy.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture listed junior natural resource company focusing on the exploration and development of its Granada Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSX-V: GBB, OTC PK: GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com
Qualified Person
The scientific and technical information in this release was prepared under the supervision of Ms. Nicole Rioux, P. Geo., Genivar's senior geologist and a member of the Ordre des g�ologues du Qu�bec and a "qualified" person in accordance with National Instrument 43-101.
"Frank J. Basa"
Frank J. Basa, P.Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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.

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Mining Stocks; YALE Continues to Expand Silver Target at Los Amoles

February 15, 2011 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to report that field work at the Los Amoles Property continues to expand the main mineralized zone and has defined a vein system that has been traced on surface for approximately 800 metres along strike. Work at Los Amoles was done by Yale on behalf of Nature's Call, who has an option to earn a 70% interest in the property.

Sampling included:

• 2.0 metres grading 0.63 g/t gold and 698.6 g/t silver
• 6.0 metres averaging 0.33 g/t gold and 226.6 g/t silver
• including 2.0 metres grading 0.63 g/t gold and 497.3 g/t silver
• 1.0 metres grading 0.33 g/t gold and 496.8 g/t silver
• Dump material grading 0.24 g/t gold and 1,027.5 g/t silver

This latest field program was designed to prospect, map and sample the southern portion of the 1.0 by 2.5 kilometre main target area (see news releases dated April 15 and May 27, 2010). This work was successful in identifying an additional 20+ historic workings and Yale personnel successfully traced mineralization on surface for approximately 800 metres along strike. Sampling at irregular intervals along the strike length has returned gold and silver values.
In addition to strong values within the veins sampling has shown that proximal to the veins the host andesitic volcanic rocks often host silver mineralization in the order of 15 to 50 grams per tonne. A table of the highlight samples is provided below:
To date, greater than 45 historic workings and greater than 20 gold/silver veins have been identified within approximately 60% of the El Rosario target area that measures 1.0 by 2.5 kilometres. Another stage of fieldwork is planned in order to map and sample the remaining areas within the El Rosario target. This work will be done in advance of geophysics, which in turn, will be done to delineate priority locations for drilling.
About the Los Amoles Property:
The early stage wholly owned 16.3 square kilometre Los Amoles Property is located approximately 150 kilometres northeast of the Hermosillo, Sonora State, Mexico. The property is 10 kilometres northeast of the La Caridad Mine, operated by Grupo Mexico, which is one of the largest mining and processing complexes in Mexico.
Nature's Call has an option to earn a 70% interest in the property by paying to Yale US $ 50,000 (received), spending US $ 900,000 on exploration expenditures and issuing 1,000,000 shares (200,000 have been received) to Yale over three years.
Work performed to date by Yale has concentrated on an area (the Rosales area) that is on the eastern edge of a 4.0 by 2.75 km regional magnetic anomaly. Yale's interpretation is that the Rosales area represents silver-lead +/- gold veins that are distal to a porphyry system. The potential for this regional anomaly to reflect a buried porphyry has yet to be tested. Many of Sonora's most significant porphyry deposits are located within 70 km of the Los Amoles property.

Samples from Los Amoles were prepared and analyzed by IPL Inspectorate in their facilities in Mexico and Vancouver, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 100 g/t silver were re-assayed using gravimetric methods.
Ian Foreman, P.Geo., is Yale Resources� Qualified Person, as defined by National Instrument 43-101. The Los Amoles property is an early stage project that requires additional sampling and geological mapping to fully determine the project�s potential.

On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President

For additional information on Yale Resources please call the Company at 604-678-2531.

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. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
604-678-2531

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Mining Stocks; YALE TO OPTION THE CAROL PROPERTY

February 9, 2011 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to report that it has signed a Letter of Intent with El Condor Minerals Inc. (TSX-V - LCO) for the option to earn a 70 % interest in Yale�s wholly owned Carol Property located in Sonora State, Mexico.

To earn a 70 % interest El Condor will be required to pay Yale $ 350,000 cash and spend $ 1,700,000 on exploration over four years. The exploration expenditure required in the first year is $200,000 with $100,000 considered as a firm commitment. Yale has received $25,000 upon signing of the LOI.
El Condor will be designated as the operator for the project during the length of the Agreement and as such will oversee the work on the property and designate contractors, which may include Minera Alta Vista, Yale�s Mexican subsidiary.
About the Carol Property:
The 756 hectare Carol property hosts two skarn zones: Balde South and Balde North. The Balde South target measures approximately 1,100 metres long and 400 metres wide, while Balde North, located 800 metres away, measures approximately 300 metres by 800 metres. Highlights from the trenching program are (see news release dated March 6, 2008):

• 24.0 m grading 1.20 % Cu and 2.24 % Zn
• 10.0 m grading 2.19 % Cu, 1.07 % Zn, 18.26 g/t Ag and 0.91 g/t Au
• 22.0 m grading 1.15 % Cu, 0.61 % Zn, and 28.57 g/t Ag
• 22.0 m grading 0.54 % Cu and 4.45 % Zn
• 16.5 m grading 1.10 % Cu and 2.45 % Zn

Yale discovered a new gold target at the southern edge of the Blade South area; the two gold intervals, separated by 20 metres, are as follows (see news release dated February 26, 2010):

• Interval 1: 0.60 g/t gold over 16 metres (re-sampled)
• Interval 2: 0.39 g/t gold over 16 metres (new)

"With copper recently reaching a new five-year high, the potential value of the mineralization at Carol is significant. We are pleased that El Condor has signed on and will be accelerating work on the Carol Property", stated Ian Foreman, P.Geo., president of Yale.
About Yale Resources:
Yale Resources is an exploration and development company concentrating in northwestern Mexico. Utilizing the joint venture business model, Yale is able to maximize its exposure to discovery while minimizing exploration risk. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects. Yale has four projects under option to value added partners with commitments for approximately $1.0 M in expenditures during the next 12 months.

Ian Foreman, P.Geo, is the Qualified Person, according to National Instrument 43-101, for the Carol Project and is responsible for the technical data mentioned in this news release.
All of the samples mentioned in this release were prepared and analyzed by Inspectorate at their labs in Hermosillo and Vancouver as well as Stewart Labs in their labs in Zacatecas and Kamloops. Gold analyses were performed by 30 gram fire assay with an AA finish. Silver and base metals were analyzed as part of a multi-element ICP package using an aqua regia digestion; samples with more than 100 g/t silver, 1% copper, 1% lead and/or 1% zinc (over limit) were re-analyzed using �ore grade� detection limits.

On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President

For additional information on Yale Resources please call the Company at 604-678-2531.

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. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
604-678-2531

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Mining Stocks News; Newmont (NYSE:NEM) Expands Nevada Growth Potential With Acquisition of Fronteer Gold (TSX, NYSE Amex: FRG)

 .DENVER, Feb. 3, 2011 ( Investorideas.com mining stocks newswire ) -- Newmont Mining Corporation (NYSE:NEM) ("Newmont" or "the Company") and Fronteer Gold Inc. (TSX, NYSE Amex: FRG) ("Fronteer Gold") today announced that they have entered into an agreement pursuant to which Newmont will acquire all of the outstanding common shares of Fronteer Gold by way of a Plan of Arrangement.

Under the Plan of Arrangement, shareholders of Fronteer Gold will receive Cdn$14.00 in cash and one common share in a new company ("Pilot Gold"), which will own certain exploration assets of Fronteer Gold, for each common share of Fronteer Gold.  The cash consideration represents a premium of approximately 37% to the closing price of the common shares of Fronteer Gold on the TSX as of February 2, 2011 and equates to a value of approximately Cdn$2.3 billion for Fronteer Gold (excluding Pilot Gold). 

Fronteer Gold owns a 100% interest in the development-stage Long Canyon project, which is located approximately one hundred miles from Newmont's existing infrastructure in Nevada.  The proximity of Long Canyon to Newmont's Nevada operations provides the potential for significant development and operating synergies.  Fronteer Gold also owns a 100% interest in the Northumberland project and a joint venture interest with Newmont in the Sandman project in Nevada, among other assets.  Fronteer Gold has total attributable Measured and Indicated gold resources of 4.2 million ounces and Inferred resources of 1.7 million ounces at Long Canyon, Northumberland and Sandman.(1)

Pilot Gold will own a portfolio of Fronteer Gold's exploration properties in Nevada, Turkey, and Peru (see Exhibit A for a list of Pilot Gold's assets) and will be capitalized at closing with Cdn$10 million of cash.  Upon closing of the transaction, Fronteer Gold shareholders will hold an aggregate 80.1% interest in Pilot Gold, and Newmont will hold the remaining 19.9% interest.  As part of the Plan of Arrangement, the Pilot Gold common shares will be consolidated on a one-for-four basis.

"The acquisition of Fronteer Gold will contribute significantly to our anticipated growth profile in North America," stated Richard O'Brien, Newmont's President and CEO.  "The Long Canyon project, with its Carlin trend-like metallurgical and geological characteristics, complements our existing project pipeline in Nevada. This combination of assets will allow Newmont to leverage our expertise and extensive infrastructure in the region.  Based on the work conducted to date by Fronteer Gold, as well as our own due diligence, we believe that Long Canyon holds the potential to grow beyond 3 to 4 times Fronteer Gold's current stated resource estimate, with an attractive average gold grade of approximately 2.3 grams per tonne. Additionally, we believe that Fronteer Gold's wider portfolio of assets offers further upside potential for our portfolio."  

In January 2011, Fronteer Gold released an interim resource estimate for Long Canyon, which reported Measured and Indicated resources of approximately 1.4 million gold ounces and an additional Inferred resource of approximately 0.8 million gold ounces.(1) 

Fronteer Gold President and CEO, Mark O'Dea, stated: "This transaction delivers an immediate and attractive premium to our shareholders.  It not only recognizes the current value of our key Nevada gold projects, but rewards shareholders for their future growth.  The team at Fronteer Gold has done an exceptional job of creating value and we are proud of the high quality project pipeline that we have built in Nevada.  Newmont shares our view that Long Canyon, our flagship project, is a 'best-in-class' asset with excellent production attributes and significant growth potential.  Importantly, this transaction continues to expose Fronteer Gold shareholders to our ongoing exploration and development success through Pilot Gold.  Pilot Gold will have an ideal new company structure, an experienced Board of Directors and management team, and sufficient financial resources to immediately undertake active exploration programs in both Turkey and Nevada.  We welcome Newmont as our largest shareholder in Pilot Gold and we look forward to creating ongoing value for shareholders in the near-term."

Newmont in Nevada:

Newmont's land position in Nevada extends over 2 million acres.  From its regional base in Elko, the Company currently operates six open pit mines, five underground mines, and nine process facilities.  In addition, Newmont's project pipeline in Nevada includes Greater Leeville-Turf, Phoenix Copper Leach, Greater Gold Quarry, and our 'Sleeping Giants' (Mike, Fiberline, Greater Phoenix and Copper Basin).  In 2010, Nevada operations produced 1.7 million attributable gold ounces, which was approximately 32% of the Company's total attributable gold production for the year.  Nevada represents growth for Newmont, as evidenced by a 2011 exploration and development budget of approximately $285 million for near-mine activities.  The Company plans to advance exploration activity in early and advanced stage projects such as Greater Leeville-Turf, Mike, Fiberline, Copper Basin and Greater Phoenix. 

Transaction Details:

The transaction will be carried out by way of a Plan of Arrangement, the implementation of which will be subject to approval by at least 66 2/3% of the votes cast at a special meeting of Fronteer Gold shareholders that is expected to be held in early April 2011 followed by the approval of the Ontario Superior Court of Justice.  Pursuant to the terms of the arrangement agreement between Newmont and Fronteer Gold, the transaction is also subject to applicable regulatory approvals and the satisfaction of certain closing conditions customary in transactions of this nature. The arrangement agreement also provides for, among other things, customary board support and non-solicitation covenants (subject to the fiduciary obligations of the Fronteer Gold Board and a Newmont "right to match") as well as the payment to Newmont of a break fee equal to Cdn$85 million if the proposed transaction is not completed in certain specified circumstances.

The Board of Directors of Fronteer Gold after consultation with its financial and legal advisors, has unanimously determined that the proposed transaction is in the best interests of Fronteer Gold and is fair to Fronteer Gold's shareholders and will recommend that Fronteer Gold's shareholders vote in favor of the transaction.  RBC Capital Markets, acting as financial advisor to Fronteer Gold and its Board of Directors, has provided an opinion that the consideration to be received by Fronteer Gold's shareholders is fair, from a financial point of view, to Fronteer Gold shareholders.  All of the directors and senior officers have entered into customary support agreements pursuant to which, among other things, they have agreed to vote their common shares in favor of the transaction.

The terms and conditions of the proposed transaction will be summarized in Fronteer Gold's management information circular, which will be filed and mailed to Fronteer Gold shareholders in March 2011.  It is anticipated that the transaction, if approved by Fronteer Gold's shareholders, will be completed in the second quarter of 2011.

Copies of the Plan of Arrangement agreement and certain related documents will be filed with Canadian securities regulators and with the U.S. Securities and Exchange Commission (the "SEC") and will be available on the Canadian SEDAR website at www.sedar.com and on the SEC's website at www.sec.gov. The management information circular will also be available as part of Fronteer Gold's public filings at www.sedar.com and www.sec.gov.

Advisors and Counsel:

Newmont's financial advisor is BMO Capital Markets, and its legal counsel are Goodmans LLP and Wachtell, Lipton, Rosen & Katz.  Fronteer Gold's financial advisor is RBC Capital Markets, and its legal counsel is Davies Ward Phillips & Vineberg LLP.

Conference Call:

The Company will hold a conference call on Thursday, February 3, 2011 beginning at 12:00 p.m. Eastern Time (10:00 a.m. Mountain Time). 

To participate:

Dial-In Number

 888-566-1822

 

Intl Dial-In Number

 1-312-470-7119

 

Leader

 John Seaberg

 

Passcode

 Newmont

 

Replay Number

 866-434-5261

 

Intl Replay Number

 203-369-1004

 

Replay Passcode

 2011

 

The conference call will be simultaneously carried on our web site at www.newmont.com under Investor Relations and will be archived there for a limited time.

Exhibit A: List of Pilot Gold's Assets

 

Nevada

 

 Anchor

 

 Baxter Spring

 

 Brik

 

 Buckskin North

 

 Cold Springs

 

 Easter

 

 Gold Springs 2

 

 New Boston

 

 Regent

 

 Stateline

 

 Viper

 

 

Turkey

 

 Halilaga

 

 TV Tower

 

Peru 

 Rae Wallace Rights

Cautionary Statements:

This release contains "forward-looking statements" within the meaning of applicable securities laws that are intended to be covered by the safe harbors created by those laws, including statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology.  Such forward-looking statements may include, without limitation, statements regarding the completion of the proposed transaction and other statements that are not historical facts.  While such forward-looking statements are expressed by Newmont or by Fronteer Gold, as stated in this release, in good faith and believed by the applicable party to have a reasonable basis, they are subject to important risks and uncertainties including, without limitation, approval of applicable governmental authorities, required Fronteer Gold shareholder approval and necessary court approvals the satisfaction or waiver of certain other conditions contemplated by the arrangement agreement, the inability to realize expected synergies or cost savings, errors in estimates of reserves or future production, parts, equipment, labor or power shortages or other increases in costs, mining accidents or other adverse events, changes in applicable laws or regulations, competition from other mining companies, and the other risks disclosed in Newmont's and Fronteer Gold's public filings, any or all of  which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements.  As a result of these risks and uncertainties, the proposed transaction could be modified, restructured or not be completed, and the results or events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. Neither Newmont nor Fronteer Gold is affirming or adopting any statements attributed to the other in this release or made by the other party outside of this release.  Neither Newmont nor Fronteer Gold undertakes any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws, or to comment on expectations of, or statements made by the other party or third parties in respect of the proposed transaction. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at investors' own risk.

Cautionary Note to U.S. Investors:  Certain statements of Fronteer Gold in this release use the terms "Measured resources", "Indicated resources" and "Inferred resources". We advise U.S. investors that while these terms are recognized and required by Canadian regulations, these terms are not defined terms under the SEC's Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC.  U.S. Investors are cautioned not to assume that any part or all of mineral deposits in the "Measured resources" and "Indicated resources" categories will ever be converted into SEC Industry Guide 7 reserves.  Additionally, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility.  It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category.  Under Canadian rules, estimates of Inferred resources may not form the basis of a feasibility study or prefeasibility studies, except in rare cases. Accordingly, U.S. Investors are cautioned not to assume that any part or all of an Inferred resource exists or is economically or legally minable.

Christopher Lee, P. Geo, Chief Geoscientist for Fronteer Gold, is Fronteer Gold's designated Qualified Person for the Fronteer Gold resource estimates contained in this news release and has reviewed and validated that the scientific and technical information contained in the release is accurate. Fronteer Gold has filed technical reports for each of Sandman and Northumberland that includes additional information about the respective resource estimates which are available on Fronteer Gold's profile on SEDAR.  Details of the Long Canyon resource estimate will be published in an updated technical report which will be posted on SEDAR no later than February 26, 2011. See also January 12, 2011 Fronteer Gold press release posted on SEDAR.

(1) At Long Canyon resources are: Measured resources of 762,000 tonnes grading 2.91 grams per tonne gold, Indicated resources of 17,609,000 tonnes grading 2.34 grams per tonne gold and Inferred resources of 11,170,000 tonnes grading 2.24 grams per tonne gold, all at a cut-off grade of 0.2 grams per tonne gold.  At Sandman resources are: Measured resources of 1,550,000 tonnes grading 1.65 grams per tonne gold, Indicated resources of 5,736,000 tonnes grading 1.03 grams per tonne gold and Inferred resources of 1,287,000 tonnes grading 0.92 grams per tonne gold, all at a cut-off grade of 0.34 or 0.69 grams per tonne gold depending on elevation.  At Northumberland, resources are:  Indicated resources of 36,518,000 tonnes grading 1.92 grams per tonne gold and inferred resources of 6,926,000 tonnes grading 3.49 grams per tonne gold, all at a cost-based cut-off grade.

Mining Stocks; YALE ANNOUNCES WARRANT EXERCISE AND EXPLORATION UPDATE

February 3, 2011 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to report that it has received gross proceeds of $562,450 from the exercise of 5,624,500 warrants at a price of $0.10 per warrant into common stock of the Company from its last private placement, which closed in three tranches. The remaining unexercised warrants have now been cancelled.

The Company intends to use its cash on hand as general working capital and to continue with exploration activities on its wholly owned Mexican projects.
Exploration Update on the Apache Property:
The first field program at the wholly owned Apache property has recently been completed. A total of 62 samples were taken during the program, which also included prospecting and geological mapping. Samples have been submitted to the lab and results are expected in approximately three weeks.
The Apache Property contains three areas of mineralization: the Peña Blanca, El Apache, and La Parida zones. During its first inspection of the property, the Company had only sampled the El Apache zone. The recent program has now sampled each of the three target areas following up on historic sampling by the Mexican Government that returned the following results:

Sample #	Prospect	Ag (g/t)	Au (g/t)	Cu (%)
SP-089	La Parida	59.0	0.05	0.43
SP-090	La Parida	110.0	0.13	1.92
SP-091	La Parida	401.0	0.47	4.23
SP-092	La Parida	190.0	0.11	2.28
SP-093	La Parida	130.0	0.06	3.96
SP-094	La Parida	70.0	0.13	0.72
SP-095	La Parida	192.0	0.23	1.35
SP-096	La Parida	186.0	0.13	3.11
SP-097	La Parida	64.0	0.10	0.58
SP-100	Peña Blanca	9.0	0.12	0.01
SP-101	Peña Blanca	12.0	0.02	0.03
SP-102	Peña Blanca	11.0	0.02	0.02
SP-238	El Apache	127.0	N.D.	1.34
SP-239	El Apache	91.0	N.D.	0.71
SP-240	El Apache	107.0	N.D.	1.35
SP-241	El Apache	47.0	0.16	1.39
SP-242	El Apache	131.0	0.05	4.30
SP-243	El Apache	60.0	0.04	4.50
SP-244	El Apache	64.0	0.02	3.14
SP-245	El Apache	9.0	0.01	2.75
SP-246	El Apache	59.0	0.02	2.02

**Please note that widths of samples were not provided and the reader is cautioned that the widths of the samples reported here are unknown.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President

For additional information on Yale Resources please call the Company at 604-678-2531.

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. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
604-678-2531

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Mining Stocks; NORTH ARROW OPTIONS HOPE BAY ORO GOLD PROJECT TO CHELSEA MINERALS INC.

February 3, 2011 (Investorideas.com Mining stocks newswire) North Arrow Minerals Inc. (NAR: TSXV) is pleased to announce an option agreement with Chelsea Minerals Inc., (NEX:CCC.H) allowing Chelsea the right to earn a 60% interest in North Arrow's Hope Bay Oro gold project in Nunavut. The Oro project consists of five leases covering an area of over 10,000 acres that adjoins the new Hope Bay Gold Mine. Under the terms of the agreement, Chelsea may earn up to a 60% interest in the project by making an initial cash payment of $50,000 and spending $5 million over a five year period. A minimum expenditure of $500,000 is required in the first year.

In conjunction with entering into the Option Agreement, Chelsea has entered into a Letter of Intent with Sennen Resources Ltd ("Sennen") (TSXV: SN), which contemplates that Sennen will acquire all of the issued and outstanding shares of Chelsea by way of a share exchange, whereby, pursuant to a Plan of Arrangement, shareholders of Chelsea would receive one share of Sennen for every two and one half common shares of Chelsea held by them. Sennen has over $15 million in its treasury and can fund the exploration obligations for the Hope Bay project without the need to raise any further capital.
North Arrow's Oro project directly adjoins the Doris North mine being brought into production by Hope Bay Mining Ltd (a wholly owned subsidiary of Newmont Mining Corporation). Hope Bay Mining's project includes the Doris, Boston and Madrid deposits that contain an estimated 9 million ounces of gold and collectively represent one of the largest undeveloped gold deposits in Canada. The deposits are located within an 80 km long Archean greenstone belt, the northern 10 km of which is covered by North Arrow's mining leases. Hope Bay Mining is continuing aggressive exploration in parallel with mine development which confirms their expectations of making further discoveries.
The Oro project hosts numerous gold showings and potentially gold bearing structures which have been evaluated by only minimal exploration. Several high grade native silver deposits, mined in the 1970's, are also located on the property and the potential exists to find larger hidden silver deposits associated with structures since identified across the property.
Exploration work on the Oro project will be focused on two mineralized zones; the Ida Point prospect at the northern end of the property and the Wombat zone at the southern end. Exploration at Ida Point will be centred on the 600 m long Elu shear zone, where surface trenching over a 400 m strike length has returned significant gold values including 11.6 grams per tonne gold (g/t Au) over 1.9 m and 24.7 g/t Au over 5 m. A four hole diamond drill program in 1998 returned downhole intersections of 14.3 g/t Au over 2 m and 5.5 g/t Au over 6 m. Wombat is a gold bearing shear zone which has been traced for more than 1,000 m near the property's southern boundary. A number of short holes were previously drilled at Wombat with one returning 40.3 g/t Au over 2.7 m.
The location of the Oro project, situated along strike from Hope Bay Mining's multi-million ounce gold deposits, represents a significant opportunity for North Arrow and will supplement the Company's diamond exploration activities in northern Canada. The exploration program for the Oro project will be managed by North Arrow and the permitting process is underway with plans to commence drilling and surface exploration as early as possible in 2011. Access to the property is enhanced by its proximity to Hope Bay Mining's Roberts Bay port facility and airstrip, located two kilometres and three kilometres to the southwest, respectively.
Completion of the Option Agreement with Chelsea and its Plan of Arrangement with Sennen remains subject to completion of a satisfactory due diligence review and receipt of all necessary regulatory and shareholder approvals, including but not limited to acceptance of the transaction by the NEX and, if required, the TSX Venture Exchange.
North Arrow's exploration programs are conducted under the supervision of Gordon Clarke, P.Geol (NT&NU), Vice President, Exploration for North Arrow and a qualified person under NI 43-101.
North Arrow Minerals Inc.
/s/ "D. Grenville Thomas"
D. Grenville Thomas
President and CEO
For further information, please contact:
D. Grenville Thomas
President and CEO
Tel: 604-668-8355
Gordon Clarke
Vice President, Exploration
Tel: 867-873-8483
The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy of this release.

Coal Stocks News; Lucky Strike Resources; UPDATE ON FINANCING AND ACQUISITIONS

Vancouver, British Columbia, Canada - February 1, 2011 (Investorideas.com Newswire)- Lucky Strike Resources Ltd. (TSX.V: LKY), (the "Company") wishes to provide an update on its private placement announced on December 7, 2010 and on its proposed acquisition of the Changyun Coal mine as announced on August 10, 2010.

The Company wishes to clarify the intended use of the proceeds from the proposed non-brokered private placement to raise aggregate gross proceeds to the Company of $2,400,000 by the issuance of units of the Company, as previously announced on December 7, 2010. The net proceeds of the private placement will be used for general working capital purposes and to identify, evaluate and secure potential acquisitions of mineral properties and mineral interests in China and internationally. The proceeds of the private placement are not specifically designated for any particular project at this time. The closing of the private placement is expected to occur on or before February 4, 2011.
On August 10, 2010 and October 29, 2010, the Company announced that it had entered into a letter of intent (the "Letter of Intent") with Cheung Wan (Groups) Energy Development Limited for the proposed acquisition (the "Acquisition") by the Company of up to an 80% interest in the Changyun Coal project (the "Changyun Coal Project") in Guizhou Province, China. The Acquisition is subject to a number of conditions including due diligence and the negotiation and preparation of a definitive agreement. The Company continues to conduct due diligence on the Changyun Coal Project and the vendors, and is attempting to address all of the issues in its negotiations. The Letter of Intent was subsequently amended on October 26, 2010 and based on the Company"s due diligence, the structure and material terms of the Acquisition continue to be subject to ongoing discussions and negotiations. It is uncertain if or when the parties will be able to reach agreement on the material ! terms or structure of a transaction regarding the Changyun Coal Project or if a transaction will be completed at all. The Company will provide further updates when warranted.
The Company is concurrently continuing to investigate other potential property acquisitions and will provide further updates as and when the Company enters into any agreements with respect to same.
About Lucky Strike:
Lucky Strike Resources Ltd. is a Canada-based exploration stage company. The Company is engaged in the process of exploring and/or developing coal properties in Guizhou province in China. The Company also has property in Yreka, British Columbia, Canada. The Changyun coal project is a former past producing mine and is located some 25 km northeast of Bijie City in Guizhou province, approximately two hours north by air from Hong Kong. The permitted mine covers a total area of 2.0954 sq. km and is surrounded by approximately 20 sq. km of highly prospective exploration area, where available geological data supports the potential presence of significant coal resources of high quality Anthracite coal within the area. The local area has well established infrastructure for the Changyun project to resume production and coal buyers to pick up coal FOB at the mine site.
On behalf of Management
Lucky Strike Resources Ltd.
"Cathy Fong"
Cathy Fong, CEO & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
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