GlobeStar: 200+ Hole Diamond Drill Program Underway on the Company’s Nickel Belt, Dominican Republic

GlobeStar Mining Corporation (”GlobeStar” or the “Company”) (TSX:GMI - News) is pleased to announce a 207 diamond drill campaign for their nickel concessions in the Dominican Republic has begun. The program began with a 67 hole resource evaluation program consisting of infill drilling at 100 metre centres covering the recently discovered Cumpie Hill and Loma Mala areas (see http://www.globestarmining.com/media/images/cumpielomamalainfill.jpg), both located on a massif located between the Leonora and Maimon rivers, some 8.5 kilometers from Xstrata’s Falcondo smelter. The program has been designed by GlobeStar’s nickel consultant, Roger Billington, and is designed to provide information suitable for an independently prepared National Instrument 43-101 compliant resource calculation.

The resource evaluation program will concentrate on saprolite bearing ridge tops, similar to the adjacent Loma Peguera area, where Falcondo have been mining since 1971. GlobeStar announced the Cumpie Hill discovery on May 19th 2006 and have already drilled 50 diamond drill holes on the plateau (Best intersections: 17 metres grading 2.0% Ni and 20 metres grading 1.7% Ni). The Loma Mala discovery was announced on Feb 9th 2007, and 6 holes have been drilled to date. (Best intersections: 13 metres grading 2.0% Ni and 11 metres grading 1.9% Ni). The shallow depth drilling program is progressing rapidly, and as of today, 3 holes have been completed in 5 days. The man-portable diamond drill rig is permanently allocated to the nickel program and all holes will produce drill core, not rock chips.

Cumpie Hill and Loma Mala are located in the most northerly 1.5 kilometres of GlobeStar’s 43 kilometre long peridotite belt, which is approximately 40% by length of the Dominican Republic’s nickel-bearing peridotite belt. Preliminary mapping and pitting elsewhere along the belt has revealed mineralization at Corozal (1.8% nickel), 4 kilometres south of Cumpie Hill and Loma Prieta, (2.2% nickel on the ridge top, 1.8% nickel at the base) 43 kilometres south of Cumpie Hill. Much of the belt remains to be mapped, and is subject to an ongoing exploration program by GlobeStar geologists.

In addition to the resource evaluation program, a 140 hole scout program will be done in 2007 exploring along GlobeStar’s nickel peridotite belt south of Cumpie Hill. A second diamond drill rig is planned to be deployed in Q2 2007 to accelerate the nickel development program and will be allocated to the scout drilling program.

At the Company’s Cerro de Maimon copper/gold mine site, a 23-hole pre-production drill program was recently completed. Results from the first 4 holes were announced on Feb 19th 2007 and further assay results will be released shortly. Drilling is continuing.

This press release was prepared by Bill Fisher, P.Geo, GlobeStar’s CEO and the Qualified Person under the National Instrument 43-101. It has been reviewed for content by consultant Roger Billington, P.Geo, GlobeStar’s Qualified Person for nickel exploration, who designed the nickel drilling program.

About GlobeStar

GlobeStar Mining Corporation is a minerals exploration company, developing the permitted Cerro de Maimon copper/gold project, currently anticipated to be due for completion in summer 2008. The Company is aggressively exploring an extensive base and precious metals exploration portfolio in the Dominican Republic. The Company recently raised US$42.25 (C$48 million) million debt and C$30 million in equity, sufficient to fund mine development and aggressive exploration programs.

Reader Advisory

The information in this news release may include certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. Assumptions that are subject to significant risks and uncertainties are the basis for these statements. Because of these risks and uncertainties and, as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although GlobeStar believes that the expectations reflected in forward-looking statements are reasonable, we can give no assurances that the expectations of any forward-looking statements will prove to be correct. GlobeStar disclaims any intention, and assumes no obligation, to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise, except as required pursuant to applicable securities laws.

Contact:

William Fisher
GlobeStar Mining Corporation
CEO
(416) 868-6678
Email: wfisher@globestarmining.com

JP Chauvin
GlobeStar Mining Corporation
President and COO
(416) 868-6678
(416) 868-6467 (FAX)
Email: jp.chauvin@globestarmining.com
Website: www.GlobeStarmining.com

Gus Garisto
Bay Street Connect
(416) 607-6023
(604) 662-4547 (FAX)
Email: gus@baystreetconnect.com

Dale Paruk
Coal Harbor Communications
(604) 662-4505
Email: dale@coal-harbor.com

————————————
Source: GlobeStar Mining Corporation

Investing in Venezuelan Mining: Risk or Reward?

Todd MacSween submits: Like in any investment, risk versus reward is part of the picture. Based on overseas market crashes … or oil price wars … or political turmoil … all companies have both the potential for upside reward or downside disasters.

Many years ago, political risk had a greater influence on the markets. Nobody would have considered investing in Russia, and China and Brazil were much too unstable for investing for many reasons.

Suddenly, it seems like China, Russia, India and Brazil are the markets that are keeping economy and investments going. Anyone who invested in China or India markets had certainly reaped the rewards when the risks were rather uncertain.

Today its Asian markets that determine where the North American market is heading. If the Asian market crashes, so does the world it seems, as we saw a few weeks ago and last May.

Risk is everywhere in today’s markets and that is the direction of the investor to decide.

Media and political bias have too much effect on the normal investors. Media outlets continue to be more concerned about politics,people’s reactions and rating rather than reporting the facts or truth to what is going on.

Venezuela with its re-elected President is one of those media-grabbing headline news jobs.

The political differences between Chavez and Bush continue to blind views of the real situation as it stands. War of words and threats is what people see and hear. In reality, Venezuela and the USA need each other, and there is no indication that this will ever change.

In short, people see reports of “nationalization” and fear strikes them. They do not understand much of what is happening, unless they are told by the media or analysts who continue to strive for their own benefit rather than the truth. Venezuela, as well as other countries, is taking control of its resources. By control it does not mean “hostile take-over”, but rather a majority control which benefits both parties.

AES (NYSE: AES - News) CEO Paul Hanrahan said “Of all the business we have done in 62 countries, this turns out to be the most beneficial.”

The US ambassador to Venezuela said that “negotiations seemed to respect peoples’ rights.”

Today, oil companies like Exxon Mobile (NYSE: XOM - News) make $ billions in profits per quarter with nothing going back to help the community. Chavez’ view has corporate profit going towards a social-type reward where everyone can benefit from the wealth.

Why would Venezuela not put that profit towards health care, like in Canada? For years, private oil companies have been reaping profits with little concern for the general population. Lord John Browne of BP (NYSE: BP - News) stated (during an interview) that “only 20 % of oil companies are private, while the other 80% are state owned.”

This is not uncommon. Browne states: “that what is happening in Venezuela is not the beginning of a new era,” but these cases have been predicted for some time now, and have no effect on global supply; every Government has the right to increase taxes or fees on production.

Then what’s the big deal now that Venezuela is doing that same thing? The only difference is that in this case Chavez is in charge! Mining in other parts of the world is undergoing major changes where the state is maintaining more control. Venezuela, with its vast gold and mineral reserves, is no different.

Yet because of “the Chavez factor” suddenly there’s risk. New mining laws are currently being revamped, mostly to control illegal mining and accommodate small scale miners. Chavez’ view of mining in the 21st century is that companies will give back socially, as well as profit from their endeavors.

Rumors of possible expropriation and hostile take-over are just that and have no merit in Venezuelan law. Larger companies may be causing this fear based on the political situation between the USA and Venezuela in order to gain access to junior miners at a discounted (risk factor) price. This was implied by Scion Capital accusing Gold Fields (NYSE: GFI - News) of exaggerating the political risk in order to buy Bolivar Gold at a discount price.

Scion, a hedge fund owning Bolivar stock, rallied shareholders to reject this offer. People and companies are using this political difference to cause risk that simply is not there.

On the other side, you have statements made by Chavez with regard to nationalizing mining and taking back idle mines. By this he meant mines that have been abandoned or have no intention to operate or follow Venezuela law. This, however, was just a statement made during election time when any promise or idea goes to the ballot box.

John Sanjay, a market analyst, called Chavez’ government mafia and Chavez “a crazy man.” He (Sanjay) is the problem that causes the higher risk talk. He did say he felt bad for the people though, and that was kind since they voted for that mafia government.

Sanjay mentions Hecla (NYSE: HL - News), Crystallex (AMEX: KRY - News) and Gold Reserve (AMEX: GRZ - News) as being affected by these comments. Funny that when the companies’ CEOs are spoken to, there is nothing whatsoever that affects their circumstance. In fact, they belong to the Executive branch which will not be affected by any of these so called mafia takeovers.

Some analysts, such as Sanjay, appear to be downright nasty when it comes to Chavez. This may be because of recent relations between Bush and Chavez, but one would think an analyst would have to be at least justified with his comments.

Crystallex shares, for example, have taken three major dives based on reports regarding mining nationalization.

KRY

The new mining law is not yet even official. The continuation of false reporting, or incomplete reporting, is too endless to mention, and political views should have no place in the investment community. Where are the days when a company is based on profits and reserves and management work for the investors benefits?

What continues to frustrate investors is that people believe everything they read, or see in the media, even though those reporters continue to twist the truth with no consequence. No matter what news is reported it’s always those three mines involved, somehow, but where is the proof that they are affected?

CEOs of companies mentioned in false reports should be filing charges for stock manipulation based on misinformation. Could they be targeted on purpose for reasons of takeovers? It sure looks that way.

This analyst, as well as others, should have had some facts before reporting such nonsense. He should have realized that Las Cristinas is already nationalized by Venezuela and that Crystallex has a 40 year operating contract, signed and approved and only waiting for an environmental permit.

Could Venezuela take this mine twice?

This has also been subject to a bilateral agreement between Canada and Venezuela. Venezuela stated that the permit will be given when certain conditions are met. Nora Delgado, vice minister for the environment, told the Dow Jones Newswires that “the government is working to give a joint environmental approval to both Crystallex and the Las Brisas mine if they agree to share needed infrastructure.” Crystallex officials have stated that this is taken care of.

The risk /rewards in this case are obvious.

Crystallex has an operating contract with the Venezuelan Guayana Corporation and is based on Chavez’ view of mining in the 21st century. Crystallex has social obligations as well as contract obligations that benefits both parties. Crystallex has won an environmental award and is honoring all contractual agreements. So how, Mr. Sanjay, is Crystallex affected again?

They are however sitting on 14+ mil oz of gold reserves and are currently undervalued compared to their peers due to false reports. Recently CEOs relayed their comments on mining in Venezuela through company reports. All have stated in one way or another that Venezuela was “a good place for mining” and they had “no problems whatsoever.”

Venezuela has also opened the door with open arms for any new investors. There continues to be drilling and exploration by other companies such as Valgold Resources (NYSE: VAL - News), with no problems regarding upcoming mining law changes.

Companies would not to go to Venezuela if there was not great opportunity. With changes to the new mining law, would you not have heard by now of any hostile takeovers or problems to existing miners? Mining contracts will be the way of mining in Venezuela and that’s the way it should be. The new mining law will be a source of security for new investors.

Investors have the right to invest wherever they want. It’s a shame that political views between reports and reporters must obscure the view of the real situations at hand. The Chavez government has been elected democratically; they are not thugs or mafia as portrayed by Sanjay. They are simply officials doing their best to do their job.

In that regard, Venezuela is no different as far as investor risk than any other country. When a market crashes globally because Asia panics, is that not a much greater risk? When companies embezzle and scandal hits the USA investors (i.e., ENRON) is that not a much greater risk? I think so!

Warren Buffett: “Risk comes from not knowing what you are doing.”

Warren Buffett: “People tend to find themselves retired and poor because, at the end of the day, not taking any risk at all is the greatest risk of all,”

Warren Buffett: “Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be missappraised.”

Todd MacSween: “Opportunity is knocking, but you must open the door for the reward.”

Alexis Deep Drilling Confirms Significant Depth Potential at Lac Herbin: 15.25 Grams Gold Per Tonne Over 7.2 M Intersected (0.44 Ounces Gold Per Ton O

Alexis Minerals Corporation (TSX VENTURE:AMC - News) is pleased to announce very encouraging results from recent deep drilling on the main Lac Herbin gold deposit. Nine (9) additional holes (3,300m) have confirmed the continuous extension of ore grade mineralization down to the 500-metre level. New intersections include 15.25 grams gold per tonne (g Au/t) over 7.2 m (0.44 oz. Au/ton over 23.6 feet) and 17.19 g Au/t over 2.7 m (0.50 oz. Au/ton over 8.9 feet). The drilling confirms excellent continuity between previously reported Measured and Indicated Resources on the main gold zone (S1 Zone, see Press Release: January 11, 2007) to the deepest intersection in the Deposit to date at the 500 m level (Hole AMAR-67: 8.8 g Au/t over 2.4 m). Mineralization at the 500-metre level has a minimum strike length of 250 metres and remains completely open to depth and to the East, Figure 1.

“Drilling has verified the excellent depth continuation to gold mineralization at the Lac Herbin deposit and significantly expands the Resource potential,” said David Rigg, President and CEO of Alexis Minerals. “We appear to be tapping into just the upper part of a large and deep ore system that extends well below the deepest mineralization ever intersected or mined at the adjacent Ferderber and Dumont Mines. The potential for further expansion to depth of known mineralization, new discoveries and for resulting long-term growth in resources is excellent. We consider Lac Herbin to have the potential to be one of the larger deposits in the 15 million ounce Val d’Or Gold Mining District.”

Recent drilling of the Lac Herbin Deposit includes the following intersections (Table 1, Figure 1):

- 15.25 (8.93 cut(i)) g Au/t over 7.2 m (LH02-133), including two separate
intervals grading:
- 79.8 (34.28 cut(i)) g Au/t over 1.0 m, and
- 26.0 g Au/t over 0.8 m
- 17.19 g Au/t over 2.7 m (LH02-131), including:
- 24.93 g Au/t over 1.8 m
- 9.60 (7.86 cut(i)) g Au/t over 2.2 m (LH02-132)
- including 34.28 g Au/t over 0.5 m
- 6.41 g Au/t over 4.9 m (LH02-134), including two separate intervals
grading:
- 12.65 g Au/t over 1.2 m, and
- 7.46 g Au/t over 1.6 m
(i) Cut Grades - See note in Table 1

Drilling tested the extension of the “S1W Zone” to depth, one of the principal Resource areas and structures within the Lac Herbin deposit. S1W plunges steeply to the Southwest and dips at 70 degrees to the south, Figure 1.

Additional drilling was also completed to test the adjacent S1E zone within the Lac Herbin Deposit (Table 1, Figure 1). The S1E plunges shallowly to the Southeast and dips at 70 degrees to the south, Figure 1. Additional definition on this zone returned:

-7.25 g Au/t over 3.9 m (LH01-167), including two separate intervals
grading:
- 12.4 g Au/t over 0.8 m, and
- 16.0 g Au/t over 1.1 m
- 8.96 (5.39 cut(i)) g Au/t over 3.0 m (LH01-161), including
- 16.59 (9.91 cut(i)) g Au/t over 1.6 m

The Lac Herbin deposit includes mineralization in at least six separate ore zones, centralized within a structural pattern of intersecting faults. All known mineralized structures currently remain open to expansion at depth, along strike and/or down plunge, with clear potential to substantially increase Resources as exploration advances. Each zone is structurally controlled. As structural understanding of the deposit improves, new targets and opportunities for discovery continue to be generated in, and adjacent to, the deposit. One such discovery was reported recently to the immediate south of the Lac Herbin Deposit and is the focus of on-going exploration (see ‘New Discovery”, Press Release: January 24, 2007).

Current Exploration

Underground drilling continues as mine planning and feasibility studies advance. Three underground drills are currently focused on:

- the “New Discovery” to the immediate south of Lac Herbin Deposit (see Press Release: January 24, 2007);

- delineation of resources in the ‘S3 zone’ above current mine access on the 200-m level; and,

- delineation of one of the potentially large-tonnage ‘Flat Swarm’ environments located above the 200-m level and adjacent to the ‘S1W’ Zone (see Press Release: June 20, 2006).

Phase IV exploration continues with drifting in ore on the 170-m level, Ramp development and development of the 250-m level. Ramp access to the 250-m level has been recently completed and the 250-m level is advancing in order to develop additional exploration drilling sites. The Ramp provides a central access to all zones within the Lac Herbin Deposit and is well located to provide future mining access for mine production.

Quality Control

The Lac Herbin underground exploration program is supervised by Mr. Richard Roy, P.Geo., of NordQuest Inc., Qualified Person as defined under NI 43-101 guidelines. Assay samples are taken from underground drill core sawed in half with one half sent to a commercial laboratory and other half retained for future reference. A strict QA/QC program is followed which includes mineralized standards, blank and field duplicate for each batch of samples. Analyses were performed by ALS Chemex - Chimitec of Val-d’Or (Quebec).

About Alexis Minerals

Alexis Minerals Corporation is a Canadian exploration and development company listed on the TSX Venture Exchange. Alexis holds an outstanding portfolio of properties covering the Val-d’Or and Rouyn-Noranda Mining Camps in Quebec. Alexis is following strategic exploration approaches across these properties for both gold and base metals, with a focus on the potential for gold production from the 100%-owned Lac Herbin and Lac Pelletier deposits during 2007 — 2008. Alexis has a clear route to 100% ownership of all interests of Aur Resources on approximately 212 square kilometres of the Val-d’Or Mining Camp. Alexis has purchased the 1400 tonne per day Aurbel gold mil and holds a 100%-interest in the Aurbel property. The Company is also currently advancing towards a 50% interest in 825 square kilometres of the Rouyn-Noranda Mining Camp in JV with Xstrata Copper Canada (formerly Falconbridge Ltd.). Three (3) underground drills and four (4) surface drills are currently active on the Val-d’Or and Rouyn-Noranda properties.

Statements in this release that are not historical facts are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these “forward looking statements”

Table 1 - Results from Underground Diamond Drilling:
S1 Zone, Lac Herbin Project, Val-d’Or, Quebec
————————————————————————-
Uncut Cut True
Hole Length Grades Grades (i) Width
Number From-To (m) (m) Zone (gAu/t) (gAu/t) (m)
————————————————————————-
LH01-161 53.6 - 56.6 3.0 S1E 8.96 5.39 2.5
————————————————————————-
including 53.6 - 55.2 1.6 16.59 9.91
————————————————————————-
LH01-162 51.0 - 53.0 2.0 S1E 0.81 2.0
————————————————————————-
LH01-163 39.0 - 40.9 1.9 S1E 1.13 1.5
————————————————————————-
LH01-164 35.7 - 38.6 2.9 S1E 0.49 2.0
————————————————————————-
LH01-167 41.8 - 45.7 3.9 S1E 7.25 3.0
————————————————————————-
including 41.8 - 42.6 0.8 12.4
————————————————————————-
44.6 - 45.7 1.1 16.0
————————————————————————-
LH02-131 138.9 - 141.6 2.7 S1W 17.19 2.3
————————————————————————-
including 138.9 - 140.7 1.8 24.93
————————————————————————-
LH01-132 160.5 - 162.7 2.2 S1W 9.60 7.86 1.8
————————————————————————-
Including 161.5 - 162.0 0.5 41.90 34.28
————————————————————————-
LH02-133 208.0 - 215.2 7.2 S1W 15.25 8.93 3.8
————————————————————————-
208.9 - 209.0 1.0 79.8 34.28
————————————————————————-
including 212.7 - 213.5 0.8 26.0
————————————————————————-
LH02-134 205.2 - 210.1 4.9 S1W 6.41 3.0
————————————————————————-
including 205.2 - 206.4 1.2 12.65
————————————————————————-
208.5 - 210.1 1.6 7.46
————————————————————————-

Footnotes: (i) Cut Grade- all assays in excess of 34.28 gAu/t are cut conservatively to 34.28 gAu/t (or 1.0 troy ounce/tonne), a common industry practice. Historical practice at Dumont and Ferderber operations mining similar mineralization employed cutting factors of 68.56 gAu/t and 51.42 gAu/t, respectively, based on 15 years of production. Cutting factors at Lac Herbin will be established based on statistical results of the current program and bulk sampling. (LV equals Low Values QT equals Quartz Tourmaline VG equals Visible native Gold)

To view the accompanying map, click the link below:

http://www.ccnmatthews.com/docs/amc0321.pdf

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

Contact:

David Rigg
Alexis Minerals Corporation
President and CEO
(416) 861-5889
(416) 861-8165 (FAX)

Peter Cashin
Alexis Minerals Corporation
Investor & Corporate Affairs
(416) 861-5905

Louis Baribeau
Alexis Minerals Corporation
Relationiste, Quebec
(514) 667-2304
Email: info@alexisminerals.com
Website: www.alexisminerals.com

———————————–
Source: Alexis Minerals Corporation

Minco Silver Releases Excellent Assay Results From Phase III Drilling Program on Fuwan Silver Project

Minco Silver Corporation (Toronto:MSV.TO - News) is pleased to report the assay results of the first 11 holes of the Phase III drilling program on its Fuwan Silver Project located in southwest China. The Phase III drilling program was highly successful and consisted of 30 holes, for a total of 7,009 metres, drilled on the western side of the deposit from section 35 from the West to section 12 to the East. The program was designed to increase the drill density to 80 metres by 80 metres with numerous assay grades for the first 11 holes far exceeding the previous deposit average estimated by P&E Mining Consultants Inc. in November of 2005 (revised and updated in November of 2006).

The assays results for the first 11 holes are highlighted by hole FW0025 (329.81 g/t silver over 15.35m), hole FW0040 (581.52 g/t silver over 2.90m), hole FW0041 (458.12 g/t silver over 12.15m), hole FW0053 (1,223.75 g/t silver over 3.96m), and hole FW0025 (388.64 g/t silver over 7.54m).

Detailed results for the first 11 core drill holes are provided below:

————————————————————————
Average Grade
—————————
Hole Section From (m) To (m) Intercept (m) Au(g/t) Ag(g/t) Pb(%) Zn(%)
————————————————————————
115.50 118.90 3.40 0.28 345.18 0.10 0.15
FW0025 39 ——————————————————-
182.85 198.20 15.35 0.17 329.81 0.52 0.99
————————————————————————
FW0040 31 185.00 187.90 2.90 0.13 581.52 0.96 0.54
————————————————————————
FW0041 31 170.25 182.40 12.15 0.57 458.12 0.36 0.68
————————————————————————
230.03 231.03 1.00 0.15 115.00 0.02 0.06
FW0049 15 ——————————————————-
245.48 246.48 1.00 0.18 240.00 0.13 0.09
————————————————————————
FW0051 7 321.60 321.85 0.25 0.04 713.00 0.21 0.39
————————————————————————
284.29 288.25 3.96 0.22 1223.74 0.98 2.02
FW0053 7 ——————————————————-
300.55 302.02 1.47 0.10 501.52 0.19 1.14
————————————————————————
FW0055 0 194.89 197.63 2.74 0.17 126.17 0.06 0.25
————————————————————————
132.52 133.52 1.00 0.36 112.00 0.06 0.05
——————————————————-
148.00 149.50 1.50 0.04 348.50 1.01 0.17
——————————————————-
FW0061 12 178.16 179.24 1.08 0.08 165.50 1.26 4.43
——————————————————-
204.43 207.20 2.77 0.06 386.20 1.66 3.50
——————————————————-
211.45 213.65 2.20 0.07 106.30 0.28 2.35
————————————————————————
222.24 226.34 4.10 0.34 268.00 0.07 0.21
——————————————————-
230.52 238.06 7.54 0.21 388.64 0.59 1.23
——————————————————-
FW0062 23 261.04 264.48 3.44 0.19 233.57 0.28 2.55
——————————————————-
269.06 269.56 0.50 0.07 700.00 3.99 3.76
——————————————————-
284.00 284.58 0.58 0.10 173.75 0.58 1.76
————————————————————————
188.22 191.22 3.00 0.11 311.33 0.12 0.16
FW0063 23 ——————————————————-
199.22 200.22 1.00 0.08 308.00 0.18 0.26
————————————————————————
FW0064 23 221.80 237.00 15.20 0.11 130.93 0.14 0.53
————————————————————————

Samples were prepared and assayed at PRA Kunming lab (Process Research Associated Ltd.) with supervision of a certified BC assayer. Silver was assayed with fire assay and AAS or Gravimetric finish. Assay results were further checked at PRA’s Vancouver lab as an external check. Reference materials were inserted by Minco staff geologists as a further assay control.

This news release has been reviewed and approved for release by William Meyer, P.Eng., Chairman of the Board, and designated Qualified Person.

About Minco Silver

Minco Silver Corporation is a TSX company focusing on the acquisition and development of silver dominant projects in China. The Company is the exclusive vehicle for pursuing silver opportunities in China pursuant to a strategic alliance agreement between Minco Gold Corporation (formerly “Minco Mining & Metals Corporation”) (Toronto:MMM.TO - News)(AMEX:MGH - News) and Silver Standard Resources (Toronto:SSO.TO - News).

ON BEHALF OF THE BOARD

Ken Z. Cai, President & CEO

Certain terms or statements made that are not historical facts, such as anticipated advancement of mineral properties or programs, productions, sales of assets, exploration plans or results, costs, prices, performance are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to; metals price volatility, volatility of metals production, project development risks and ability to raise financing. The Company undertakes no obligation and has no intention of updating forward-looking statements.

The Toronto Stock Exchange does not accept responsibility for the accuracy of this news release.

Contact:

Contacts:
Minco Silver Corporation
Ute Koessler
(604) 688-8002 or Toll Free: 1-888-288-8288
Email: info@mincosilver.ca
Website: http://www.mincosilver.ca

———————————–
Source: Minco Silver Corporation

Queenston-Globex JV Return to Drilling on the Ironwood Gold Discovery

QUEENSTON MINING INC. (Toronto:QMI.TO - News)(Berlin:QMI.BE - News)(Frankfurt:QMI.F - News)(Stuttgart:QMI.SG - News)(”Queenston” or “the Company”) announces that drilling has commenced on the Wood-Pandora joint venture property, located in Cadillac, Quebec.

A budget of $800,000 has been approved by the 50%-50% joint venture for the next phase of exploration on the property. The primary target continues to be the Ironwwod Zone discovery where 23 of 26 holes, drilled in 2006, have outlined a gold deposit over a length of 75 m and to a depth of 250 m where it remains open. Significant drill intersections from the Ironwood Zone, as reported in previous news releases posted on the Company’s web site, include:

- 22.6 g/t Au over a true width of 22.9 m in hole W06-22
- 8.9 g/t Au over a true width of 19.1 m in hole W06-26
- 10.5 g/t Au over a true width of 7.5 m in hole W06-27
- 28.6 g/t Au over a true width of 7.1 m in hole W06-35
- 11.2 g/t Au over a true width of 5.4 m in hole W06-43

The drilling program will test the Ironwood Zone below 300 m as well as target similar Ironwood stratigraphy to the west on the past producing Central Cadillac gold mine property.

The Wood-Pandora drilling program was planned and will be supervised by Globex’s Exploration Manager and qualified person Ray V. Zalnieriunas, P. Geo. employing a QA/QC program consistent with National Instrument 43-101 and industry best practices. The drill core will be logged and split with half-core samples analyzed employing the appropriate gold fire assaying techniques by Expert Laboratory Inc. of Rouyn-Noranda, Quebec.

In addition to the Ironwood project, Queenston has budgeted $5.5 million in 2007, for the Kirkland Lake gold camp located in Ontario. Here, a 44,000 m diamond drilling program is advancing the 100% owned Upper Beaver gold-copper project towards a NI 43-101 mineral resource and a 9,000 m diamond drilling program is planned to further upgrade the historic mineral resources at the 100% owned McBean gold project. These programs, combined with the Anoki deposit, which already contains a NI 43-101 mineral resource, form part of the Company’s strategy to return to producer status with the potential to establish a new, mine-milling complex in the eastern portion of the Kirkland Lake camp. In the western portion of the camp, a second phase of advanced, underground exploration is in progress with joint venture partner Kirkland Lake Gold Inc. on the Kirkland Lake West property adjacent to the Macassa gold mine.

Forward Looking Statements

Except for historical information this News Release may contain certain “forward looking statements”. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Company’s expectations and projections.

Contact:

Contacts:
Queenston Mining Inc.
Charles E. Page, P. Geo.
President and CEO
(416) 364-0001 (ext. 224)

Queenston Mining Inc.
Hugh D. Harbinson
Chairman
(416) 364-0001 (ext. 225)
Email: Info@queenston.ca
Website: http://www.queenston.ca

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Source: Queenston Mining Inc.

Canyon Begins Core Drilling and Provides Update on Its Reward Project in Nevada

Canyon Resources Corporation (Amex: CAU - News), a Colorado-based mining company, is pleased to announce the start of a four-hole, 1,600-foot core drilling program at its Reward Gold Project in Nye County, Nevada. The drilling program, part of the ongoing feasibility study at Reward, will consist of four 2.5 inch-diameter holes which will provide structural and rock mechanic information and material for metallurgical testing. The rock mechanic and structural data is required for open-pit high wall design and to provide ore and waste rock characteristics. Mineralization

Canyon initiated the permitting process for the Reward Project in November 2006 when it submitted its plan of operations and reclamation plan to the Las Vegas office of the Bureau of Land Management (”BLM”) and to the Nevada Bureau of Mining Regulation and Reclamation. Additionally, a design report for the Reward mine heap leach facility was completed in early March and a water pollution control permit application has been prepared for the Nevada Division of Environmental Protection. Other relevant permit applications are currently being prepared.

A revised estimate of mineralized material (announced on March 2, 2007) of 12.7 million tons at an average grade of 0.025 ounce per ton (opt) of gold using a cutoff grade of 0.01 opt has recently been completed for the project. The mineralized zone remains open to the east along its southern 1,000 foot border. Disseminated gold mineralization at Reward is hosted in a north-south trending, steeply to moderately eastward dipping, quartz stockwork-vein zone from 15 to 140 feet thick and 2,000 feet long, developed within the immediate hanging wall of the Reward fault.

“These programs are important steps in our effort to quickly advance the Reward Project to a production decision. Reward is an important project for us, providing ounces, and additional exploration potential for our planned growth into a mid-tier gold producer,” comments James Hesketh, President and CEO.

In January 2006, a pre-feasibility study for the Reward Project was completed. The study projects strong economic results based on a $425 gold price, $7.6 million in new capital expenditures, transfer of miscellaneous mobile equipment from the Briggs Mine, and contract crushing. At current market prices project economics increase substantially. Cash cost of operation would average $330 per ounce over a five-year project life. No silver byproduct credits were assumed in the analysis, although they may have a positive impact.

The Reward fault separates footwall Proterozoic quartzite, siltstone and dolomite on the west from hanging wall Cambrian limestone and marble on the east. Gold mineralization, while hosted in the Cambrian sedimentary rocks, is probably Tertiary in age and is considered epithermal in nature. The Reward Project area is part of the Bullfrog/Bare Mountain mining districts which sit on the southern end of the Walker Lane Structural Belt, a regionally important and complex structural zone of Miocene Age hosting numerous epithermal precious metal districts. The Walker Lane extends northwest from Las Vegas to the eastern edge of the Sierra Nevada Mountains South of Carson City. Reward is located about five miles south of the town of Beatty NV, in southern Nye County and about five miles southeast of Barrick’s now inactive Bullfrog Mine which produced over 2,000,000 ounces of gold in the late 1980s and early 1990s. The Bullfrog/Bare Mountain districts, as a whole, have been very prolific, producing about 3,000,000 ounces of gold in total from several modern operations.

The drilling contractor is Ruen Drilling of Coeur d’Alene, Idaho. The engineering contractor responsible for assuring quality control at each drill site and for the eventual design of the open pit is Golder Associates of Reno, Nevada.

About Canyon Resources

Canyon Resources, based in Golden, Colorado, was formed in 1979. The Company has a history of precious metals exploration success and can claim a number of significant discoveries. Canyon currently owns the Briggs Mine in California and is currently evaluating the re-start of that operation. Canyon is also evaluating the potential development of the Reward Gold Project in Nevada. For additional information on Canyon Resources and its properties, please visit our website at www.canyonresources.com.

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934 as amended. Such forward-looking statements include, among others, feasibility studies for the Briggs Mine and Reward Project, mineralized material estimates, drilling capability and the potential reopening or expansion of the Briggs Mine. Factors that could cause actual results to differ materially from these forward-looking statements include, among others: the volatility of gold prices; potential operating risks of mining, development and expansion; the uncertainty of estimates of mineralized material and gold deposits; and environmental and governmental regulations; availability of financing; the outcome of litigation, as well as judicial proceedings and force majeure events and other risk factors as described from time to time in the Company’s filings with the Securities and Exchange Commission. Most of these factors are beyond the Company’s ability to control or predict.

FOR FURTHER INFORMATION, CONTACT:

<<
James Hesketh, President and CEO (303) 278-8464
Valerie Kimball, Investor Relations (303) 278-8464

>>

For further information

James Hesketh, President and CEO, or Valerie Kimball, Investor Relations, both of Canyon Resources Corporation, +1-303-278-8464 Web Site: http://www.canyonresources.com

Scorpio’s Drilling of Nuestra Senora Zone Hits 8 Mineralized Intercepts in one Hole including 13 metres of 296.66 g/t Ag, 2.06% Zn, 2.50% Cu, 1.67% Pb

Scorpio Mining Corporation (TSX:SPM - News) is pleased to report additional results of drilling from the 8th Level of the Nuestra Senora Silver-Zinc deposit, targeting the main Nuestra Senora body.

Peter J. Hawley, Chairman, CEO reports, “Hole 47 clearly demonstrates how robust the mineralizing system is within the Nuestra Senora deposit. It is now clear that the structural and mineralizing controls model is well understood as demonstrated by continuing success of the exploration program. This will certainly impact the resource grade and tonnage which is currently being updated. In addition, the engineering study is advancing rapidly and will be released in April.”

Table 1 - 8th Level Drill Results - Nuestra Senora Zone

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From To Length Ag Au Cu Pb Zn
Hole No. (m) (m) (m) (g/t) (g/t) % % %
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NS8L-06-45 12.00 13.50 1.50 81.00 0.082 0.225 2.02 1.92
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29.00 30.00 1.00 120.00 0.074 0.068 1.23 0.527
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39.00 48.00 9.00 136.00 0.150 0.73 1.75 4.53
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Including 46.00 47.00 1.00 914.00 0.849 3.86 9.58 20.30
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55.00 60.00 5.00 37.20 0.030 0.29 0.14 1.57
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65.00 68.00 3.00 57.67 0.060 0.35 1.51 2.48
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Including 65.00 66.00 1.00 125.00 0.085 0.49 3.26 4.80
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73.00 91.00 18.00 68.56 0.080 0.63 0.69 2.92
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Including 73.00 80.00 7.00 119.43 0.150 1.02 0.66 4.50
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Including 77.00 78.00 1.00 379.00 0.060 3.55 1.83 12.25
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Including 89.00 90.00 1.00 149.00 0.078 1.72 5.17 11.15
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NS8L-06-46 25.50 27.00 1.50 31.00 0.059 0.108 1.78 1.82
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NS8L-06-47 13.50 16.50 3.00 110.00 0.35 0.45 4.14 2.65
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28.50 31.50 3.00 100.50 0.13 0.14 1.35 0.54
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36.00 40.50 4.50 276.33 0.21 1.88 1.09 0.66
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Including 39.00 40.50 1.50 461.00 0.278 3.14 1.79 0.32
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60.00 67.50 7.50 115.40 0.17 0.84 0.50 0.79
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NS8L-06-48 15.35 17.10 1.75 88.14 0.350 0.35 2.82 3.04
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43.50 51.00 7.50 150.60 0.110 0.69 0.71 1.83
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Including 45.00 46.50 1.50 372.00 0.082 1.20 2.36 6.20
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55.00 60.00 5.00 123.80 0.230 1.23 1.49 2.73
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Including 55.00 56.00 1.00 282.00 0.713 3.25 3.22 8.56
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64.30 78.00 13.70 296.66 0.300 2.50 1.67 2.06
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Including 64.30 70.00 5.70 584.16 0.490 5.02 3.13 3.51
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85.50 94.00 8.50 63.86 0.090 0.80 1.08 3.25
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Including 92.00 93.00 1.00 199.00 0.308 2.81 2.81 7.25
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99.90 115.10 15.20 320.95 0.380 1.18 4.90 8.26
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Including 99.90 103.30 3.40 303.94 0.530 2.25 8.08 16.48
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Including 111.30 112.10 0.80 1,270.00 0.840 2.25 5.23 11.00
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131.60 132.90 1.30 844.54 0.220 0.93 2.89 3.19
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Including 132.20 132.90 0.70 1,325.00 0.192 1.21 1.74 2.67
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144.10 150.30 6.20 48.48 0.180 0.01 0.37 3.61
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Including 147.20 148.20 1.00 135.00 0.139 0.02 0.84 15.90
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Drill hole data in the table reflects down hole core lengths and actual (uncut) grades. True widths cannot be reliably estimated at this time. Further information on the Company and the Nuestra Senora project is available on the Scorpio Mining web site at: www.scorpiomining.com.

President, Mr. D. Roger Scammell, PGeo, is the Company’s Qualified Person for the Nuestra Senora project. Mr. Scammell is responsible for the current exploration and development program and has reviewed the content of this release. All technical information for the Nuestra Senora property is obtained and reported under a formal quality assurance and quality control (QA/QC) program. Samples are shipped to the ALS Chemex preparation laboratory in Hermosillo, Mexico for drying, crushing and pulverizing. ALS Chemex, Hermosillo then sends the pulps by air-freight to ALS Chemex, Vancouver for assaying. Systematic assaying of standards and blanks are performed for the precision and accuracy; check assays are regularly conducted by SGS Lakefield Research. Details of the QA/QC program are available on the Company’s website.

ON BEHALF OF SCORPIO MINING CORPORATION

Peter J. Hawley
Chairman & CEO

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration success, continued availability of capital and financing, and general economic, market or business conditions.

For further information

Glenn Little, Jackson Little Holdings Ltd, (604) 930-4375, 1-888-930-4375, Email: jlconsulting@telus.net
Rich Kaiser, YES International, 1-800-631-8127, 001-757-306-6090 (outside North America), Email: yes@yesinternational.com

Paramount Gold Announces Plan for its 50,000 Meter Drilling Program at its San Miguel Project, Mexico

Paramount Gold Mining Corp. (OTC:PGDP - News; Frankfurt:P6G - News; WKN:A0HGKQ), is pleased to announce that it plans to drill a total of 50,000 meters in 2007 on the San Miguel project, using a combination of core and reverse circulation methods.

Layne Christensen (Layne de Mexico, S.A de C.V) www.laynechristensen.com has committed the necessary drills to Paramount Gold to execute this program. Founded over 100 years ago, Layne Christensen Company’s Mineral Exploration provides drilling services for geological assessment, in-situ mining and mineral exploration with over 150 drilling rigs worldwide.

Paramount’s objectives in the upcoming drill program at San Miguel are to upgrade and expand their present inferred resource by infill and down-dip drilling, to extend the known mineralized zones along strike, and to find new zones by drilling the untested portions of the primary mineralized structural zone.

Paramount COO, Larry Segerstrom stated: “We are very fortunate to be working with Layne de Mexico to provide the necessary drill equipment and crews to achieve our drilling goals this year.”

About Paramount Gold

Paramount Gold is a precious metals exploration company trading on the OTCBB under the symbol PGDP and listed on the Frankfurt stock exchange under the symbol P6G (WKN: A0HGKQ). The Company’s objectives are to explore and develop the San Miguel project, located in Chihuahua, Mexico within the Sierra Madre Occidental gold/silver belt and fully develop the potential of the strategic alliance with Teck Cominco for gold exploration in South America. For more information, please visit the Company’s web site at: www.paramountgold.com (now available in the following languages: English, German, French, Spanish, and Mandarin).

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company’s control with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission.

For further information

Paramount Gold Mining Corp. Larry Segerstrom, 623-225-7865 COO Chris Halkai, 1-866-481-2233 (Toll-free) or 613-226-9881 Corporate Relations

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Source: Paramount Gold Mining Corp.