TORONTO, ONTARIO– Feb. 22, 2012 - Allana Potash Corp. (TSX:AAA)(OTCQX:ALLRF) (“Allana” or the “Company”) is pleased to announce that the Government of the Republic of Djibouti Ministère de l’Equipment et des Transport, through the Djibouti Port and Free Zone Authority (“Port Authority”), has begun the pre-qualification process to select contractors for the construction of the new port at Tadjoura, Djibouti.

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As released by the Djibouti Government, under financing to be secured from the Arab Fund for Economic and Social Development and the Saudi Fund for Development, the Djibouti Government-owned Port Authority will build and operate marine civil facilities and common services to be constructed with an initial 30 hectare yard and a 435 metre quay. Allana will continue to work with the Djibouti authorities to integrate the required potash storage and handling facilities into the new port plans. Further information on the Tadjoura Port Project can be found on the Port Authority’s project website www.tadjoura-port.webs.com.

Farhad Abasov, President and CEO, commented: “Allana is encouraged by the admirable progress made by the Djibouti Government in the ongoing development of the country’s transportation infrastructure. Allana understands that both the Djibouti and Ethiopian Governments are looking to the strategic Danakhil potash resource as one of the catalysts for the development of road, port and rail facilities critical to the continued economic growth within the region and we are pleased to have the opportunity to participate in supporting these developments.”

Highway construction by government contractors is actively proceeding to connect the Dallol potash region with industrial quality, paved roads both to the Company’s project development staging facilities in Mekele and to the southern highway to both the existing and new ports in Djibouti, which would be available with sufficient capacity to serve the project. Discussions are also progressing with government departments and private sector operators regarding rail facilities linking road and port infrastructure. The Company continues to expect that the infrastructure required for the Company’s Dallol potash project to reach full operation will be in place concurrently with or in advance of the Company’s projected construction period.

About Allana Potash Corp.

Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia. Allana has secured financial support from two significant strategic investors: IFC, a member of World Bank Group, and Liberty Metals and Mining, a member of Liberty Mutual Group. Allana has Measured and Indicated Sylvinite Resources of 97.8 Million Tonnes of 30.0% KCl; Inferred Sylvinite Resource of 108.3 Million tonnes grading 31.3% KCl; Measured and Indicated Kainitite Resources of 284.2 Million tonnes at 19.8% KCl, Inferred Kainitite Resource of 271.2 Million Tonnes of 20.3% KCl; Measured and Indicated Upper Carnallitite Resources of 78.5 Million Tonnes grading 18.4% KCl, Inferred Upper Carnallitite Resource of 85.6 Million Tonnes of 17.1% KCl; Measured and Indicated Lower Carnallitite Resources of 212.6 Million Tonnes of 12.0% KCl, Inferred Lower Carnallitite Resource of 130.7 Million Tonnes grading 11.7% KCl. The foregoing mineral resource estimates are as at June 13, 2011 and are set out in the Company’s NI 43-101 compliant Technical Report entitled “Resource Report for the Danakhil Potash Deposit, Afar State/Ethiopia” dated June 24, 2011 filed on SEDAR. Allana has approximately 222,607,557 million shares outstanding and trades on the Toronto Stock Exchange under the symbol “AAA”.

Forward-Looking Statement

Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the development of the port facility and local infrastructure, the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting, ; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims; Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.

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Agreement Gives CryptoLogic Access to NeoGames’ Partner Network of Over 30 Gaming Operators

DUBLIN, IRELAND– Feb. 22, 2012 - CryptoLogic Limited (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP)(LSE:CRP), a developer of branded online betting games and Internet casino software, announces the signing of a multi-year licensing agreement to provide a portfolio of CryptoLogic’s award-winning games to NeoGames, the leading global software and service provider of internet scratch cards and instant win games.

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CryptoLogic provided two of its exclusive and most popular branded slot games for initial rollout. Additional games will be rolled out over the term of the agreement and the games will be distributed across NeoGames’ network of over 30 online gaming operators. NeoGames is the second customer in six months to launch the games through CryptoLogic’s Instant Click platform.

Instant Click enables a more rapid deployment of a range of titles from CryptoLogic’s complete suite of more than 300 online casino games by online operators and technology providers on their own e-gaming infrastructure and electronic cashier systems. As a result, CryptoLogic’s Instant Click games platform and related portfolio of game content can now be integrated and made available to players within just a few weeks.

Ian Price, Group Head of Business Development at CryptoLogic, said: “We are pleased to welcome a company with the reputation and reach of NeoGames to our list of blue-chip licensees. This agreement opens the door for CryptoLogic’s games to over 30 new online gaming operators and we are confident it will generate value for both companies.”

Since its establishment in 2005, NeoGames has been providing an advanced solution combining a robust and secure platform, interactive games and a set of complementary operational services. Gaming operators, national lotteries, affiliates and media companies benefit from flexible multi-channel platform solutions that include fully-managed operations and customised integrations of NeoGames’ soft-gaming offering, a comprehensive approach of scratch cards, instant win games and slots.

Shay Bar-Joseph, Managing Director at NeoGames Networks, commented: “Integrating third party games into the NeoSphere platform is another important milestone for NeoGames as part of our commitment to provide best-of-breed solutions for our partners. NeoGames is delighted to add CryptoLogic’s industry-leading games to our portfolio and provide our partners with branded slot games.”

About CryptoLogic® (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Limited is a leading developer and supplier of Internet gaming software. With more than 300 games, CryptoLogic has one of the most comprehensive casino suites on the Internet, with award-winning games featuring some of the world’s most famous action and entertainment characters. The Company’s licensees include many top Internet gaming brands. CryptoLogic’s leadership in regulatory compliance makes it one of the few companies with gaming software certified to strict standards similar to land-based gaming. The CryptoLogic Group licenses gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world.

About NeoGames

NeoGames is the leading global software and service provider of internet scratch cards and instant win games. Having pioneered the online scratch cards market, NeoGames is exclusively committed to helping gaming operators, national lotteries and media companies realize the full potential of the soft-gaming segment through its extensive portfolio of revenue-generating games and services for the web and mobile environments. NeoGames offers a complete and field-proven soft-gaming offering consisting of the world’s largest online games portfolio as well as a flexible and robust management platform that facilitates customized integration and fully-managed solutions.

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

This press release contains forward-looking statements within the meaning of applicable securities laws. Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “estimate”, “intend”, “may”, “will”, “would” and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on certain factors and assumptions including expected growth, results of operations, performance, business prospects and opportunities, foreign exchange rates and effective income tax rates. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results, performance or achievements of the company to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Risks related to forward-looking statements include, without limitation, risks associated with the company’s financial condition, prospects and opportunities, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations and risks associated with competition. Additional risks and uncertainties can be found in the company’s Form 20-F for the fiscal year ended December 31, 2010 under the heading “Item 3 – Key Information – Risk Factors” and in the company’s other filings with the US Securities and Exchange Commission and Canadian provincial securities commissions. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are given only as at the date of this release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

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CALGARY, ALBERTA– Feb. 22, 2012 - Talisman Energy Inc (TSX:TLM) (NYSE:TLM) and Mitsubishi Corporation (MC) have reached agreement on MC’s entry into nine of Talisman’s licences in Papua New Guinea’s onshore Western Province, via a farmout from Talisman effective January 1, 2012, subject to approvals by government and joint venture partners. The deal is valued at approximately US$280 million and will be paid in the form of a capital carry. Following the farmout, Talisman and MC licensed equity positions will average 40% and 20%, respectively, in these nine licences.

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Talisman and MC have agreed to work together closely to aggregate natural gas in the Western Province of PNG with a view to potential LNG export of approximately 3 million metric tonnes per annum. “Talisman is delighted to have MC as a strategic partner in our onshore licences in PNG,” said Paul Blakeley, Executive Vice-President, International Operations East. “MC brings extensive experience in LNG development and marketing and I am confident they will be a key success factor in helping us unlock the value of our Papua New Guinea assets.”

Talisman has been working in PNG since 2001. The company entered the onshore licences of the Papuan Foreland in 2009 and now has a portfolio comprising interests in nine petroleum prospecting licences (PPLs) and five petroleum retention licences (PRLs), covering 13.7 million acres. Talisman has participated in the acquisition of over 1,550 kilometres of 2D seismic and the drilling of eight wells in the PNG Foreland Basin to date. As one of the most active explorers in PNG over the past two years, Talisman has participated in a new gas discovery at Ubuntu in PRL 28 and the successful appraisal of the Stanley and Elevala gas discoveries in PRL 4 and PRL 21, respectively. Talisman intends to commence a four-well drilling program on PPLs 235 and 261 during 2012, as well as ongoing appraisal in PRL 21.

MC has held interests in LNG operations since 1969 and currently participates in nine major LNG projects. Most recently, MC has commenced construction of the Donggi-Senoro LNG project in Indonesia in its capacity as project lead in planning and operation. MC also has an extensive downstream marketing and LNG tanker business. Seeing PNG as a vast and under-explored country with huge LNG supply potential within the Asia Pacific region, MC aims to maximize its contribution by leveraging its experience, not only to promote economic growth for PNG, but also potentially linking this with securing a stable energy supply for Japan. MC will participate in five PPLs and four PRLs, including discovered resources in PRLs 4, 8, 21, 28 and PPL 235.

Talisman and MC have an aligned vision for the aggregation and monetization of gas and condensate liquids in the Western Province and intend to leverage their respective skills in upstream exploration, production and LNG project development to deliver development success for the benefit of all stakeholders, including the people and government of PNG and the Western Province.

Talisman Energy Inc. is a global, diversified, upstream oil and gas company, headquartered in Canada. Talisman’s three main operating areas are North America, the North Sea and Southeast Asia. The company also has a portfolio of international exploration opportunities. Talisman is committed to conducting business safely, in a socially and environmentally responsible manner, and is included in the Dow Jones Sustainability (North America) Index. Talisman is listed on the Toronto and New York stock exchanges under the symbol TLM. Please visit our website at www.talisman-energy.com.

Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC’s current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. Please visit our website at www.mitsubishicorp.com/jp/en/.

To view the “Talisman and MC Licences” map associated with this release, please see the following link: http://media3.marketwire.com/docs/222tlm_map.pdf

Advisories

This news release contains information that constitutes “forward-looking information” or “forward-looking statements” (collectively “forward-looking information”) within the meaning of applicable securities legislation. This forward-looking information includes, among others, statements regarding: business strategy, priorities and plans in PNG and with respect to the strategic joint venture with Mitsubishi; potential natural gas aggregation; expectation of drilling on PPLs 235 and 261; appraisal of PRL 21; and other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results of operations or performance.

The factors or assumptions on which the forward-looking information is based include: assumptions inherent in current guidance; projected capital investment levels; the flexibility of capital spending plans and the associated sources of funding; the successful and timely implementation of capital projects; the continuation of tax, royalty and regulatory regimes; ability to obtain regulatory and partner approval; commodity price and cost assumptions; and other risks and uncertainties described in the filings made by the Company with securities regulatory authorities. The Company believes the material factors, expectations and assumptions reflected in the forward-looking information are reasonable but no assurance can be given that these factors, expectations and assumptions will prove to be correct. Closing of any transactions will be subject to receipt of all necessary regulatory approvals and completion of definitive agreements.

Undue reliance should not be placed on forward-looking information. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks which could cause actual results to vary and in some instances to differ materially from those anticipated by Talisman and described in the forward-looking information contained in this news release. The material risk factors include, but are not limited to: the risks of the oil and gas industry, such as operational risks in exploring for, developing and producing crude oil and natural gas; risks and uncertainties involving geology of oil and gas deposits; the uncertainty of reserves and resources estimates, reserves life and underlying reservoir risk; the uncertainty of estimates and projections relating to production, costs and expenses; risks related to capital allocation decisions, including potential delays or changes in plans with respect to exploration or development projects or capital expenditures; fluctuations in oil and gas prices, foreign currency exchange rates, interest rates and tax or royalty rates; the outcome and effects of any future acquisitions and dispositions; health, safety, security and environmental risks; environmental regulatory and compliance risks; uncertainties as to the availability and cost of credit and other financing and changes in capital markets; risks in conducting foreign operations (for example, civil, political and fiscal instability and corruption); changes in general economic and business conditions; the possibility that government policies, regulations or laws may change or governmental approvals may be delayed or withheld; and results of the Company’s risk mitigation strategies.

The foregoing list of risk factors is not exhaustive. Additional information on these and other factors which could affect the Company’s operations or financial results or strategy are included in Talisman’s most recent Annual Information Form. In addition, information is available in the Company’s other reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission. Forward-looking information is based on the estimates and opinions of the Company’s management at the time the information is presented. The Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change, except as required by law.

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REGINA, SASKATCHEWAN– Feb. 22, 2012 - Viterra Inc. (“Viterra”) (TSX:VT) (ASX:VTA) is pleased to announce the expansion of its Fairlight, Saskatchewan grain elevator, increasing the facility to 100 rail car spotting capability with greater storage capacity.

“Viterra’s investment in this facility will ensure more efficient movement of grains and oilseeds for our customers. This investment demonstrates our commitment to provide quality service to both farmers and destination customers. As we continue to expand capacity and increase efficiency, we provide additional value to our customers,” said Bob Miller, Viterra’s Senior Vice-President of Grain, North America.

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Andy Gonta, Vice-President CN Bulk Sales & Marketing said CN was pleased to work with Viterra on this expansion project. “Viterra’s expansion of its Fairlight facility, coupled with the strength of CN’s Scheduled Grain Service Plan, will enhance our joint ability to meet the shipping and handling needs of Southeastern Saskatchewan grain farmers.”

Viterra is committed to ongoing operational advancements across the Prairie provinces to facilitate efficiencies for its customers.

About Viterra Inc.

Viterra provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agribusiness has extensive operations across Canada, the United States, Australia, New Zealand, and China. Our growing international presence also extends to offices in Japan, Singapore, Switzerland, Italy, Ukraine, Germany, Spain and India. Driven by an entrepreneurial spirit, Viterra operates three distinct businesses: grain handling and marketing, agri-products, and processing. Viterra’s expertise, close relationships with producers and superior logistical assets allow the Company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world.

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VANCOUVER, BRITISH COLUMBIA– Feb. 22, 2012 - Nevada Copper Corp. (TSX:NCU) (“Nevada Copper”) – The Governor of the State of Nevada, Mr. Brian Sandoval told a crowd of over 700 people to “Believe It” – that the employment of up to 800 people at Pumpkin Hollow is right in line with his jobs initiative to create 50,000 jobs in Nevada by 2014. Those words were spoken on Saturday February 18, 2012, at Nevada Copper’s official Groundbreaking Ceremony for the commencement of sinking of an underground shaft at its Pumpkin Hollow Project, located near Yerington, Nevada. The Governor’s speech can be found at: http://www.nevadacopper.com/i/media/Nevada-Copper-Video.html.

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The event featured the first ceremonial shovel of dirt by Governor Sandoval, former Speaker of the Nevada State Assembly and lifelong resident of Yerington, Mr. Joe Dini, and Nevada Copper’s President and CEO, Giulio Bonifacio. Accompanying Speaker Joe Dini was his son George Dini, Mayor of Yerington and George’s daughter and granddaughter, representing four generations of Dini’s. Participation by the Dini family is symbolic of the strong family roots that exist for many families in Mason Valley and Yerington.

Governor Sandoval stated, “I know how much we’ve been struggling out here and for Nevada Copper to have this type of confidence and this type of investment in this community and this County means the absolute world to us. To have the City, the County, the State, the Federal officials, Nevada Copper, the local businesses, the local development authority all to come together to make an event like this, I was in complete awe to see over 700 people celebrate this day, that will go down in history of Lyon County as one of those absolute bedrock moments and a game changer for a community. It is just such a privilege to be here for this.”

Shaft sinking is a key strategic development for Nevada Copper. Not only does it initiate construction of a critical long lead time element of the overall project, the 24-foot diameter 2,200 foot deep shaft, but it also commences the physical work at the site that will create approximately 40 jobs, many of which will be local hires. Nevada Copper completed its definitive Feasibility Study in January 2012. The Feasibility Study details the development of an integrated mine project consisting of a combined open pit and underground operation feeding a single 67,500 ton per day mill. In the first five years, the average annual production is projected to be 274 million pounds of copper, 53,000 ounces of gold and 1.1 million ounces of silver.

Congressman Mark Amodei of the Second Congressional District of Nevada was the master of ceremonies for the event, acknowledging the many local government officials and community organizations in attendance. He emphasized how important this project is to his constituents in Yerington and Lyon County. He also noted that mining generates the highest taxes paid per employee in the State of Nevada compared to all other industries.

Congressman Amodei stated; “The rural communities of Nevada depend on these very high paying mining jobs to sustain their economies. We need to assure that these projects can be developed responsibly, incorporating the highest safety and environmental standards that have been developed by the industry under the guidance of our state and federal regulators. We also need to be able to permit these projects in a timely manner, especially considering the current economic conditions in Nevada, especially here in Lyon County.”

Both U.S. Senate Majority Leader Harry Reid and U.S. Senator Dean Heller were unable to attend the groundbreaking due to Senate business in Washington D.C., but both sent representatives and a certificate of commendation in commemoration of the Groundbreaking Ceremony. Both Senators have been briefed on the project and have been consulting with the City of Yerington and Nevada Copper regarding the future mine development and a Federal land acquisition initiative proposed by both entities to spur other economic development using the mine development as a catalyst.

Giulio Bonifacio, President & CEO stated, “This shaft will allow us to access the over 820 million pounds of high grade underground copper reserves in the East deposit defined in the Feasibility Study. The shaft will also provide us with detailed information on the geotechnical, geochemical and hydrological conditions that exist underground and verify our mining and production assumptions. It will give us access to further extend and define the East underground resource from subsurface drill stations, as well as a platform for further exploration of the nearby JK34 zone. Drilling from underground is much more cost effective and will allow us to define areas of high grade ore targeted for early mining.”

Now that the definitive Feasibility Study is complete, it has provided the final pieces of information required for the final plans and permit applications for submittal to Local, State and, if necessary, Federal regulatory agencies.

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

We seek safe harbor.

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MONTRÉAL, QUÉBEC– Feb. 22, 2012 - BOWMORE Exploration Ltd. (TSX VENTURE:BOW) (FRANKFURT:0B5) (“Bowmore”) is pleased to announce the start of a Phase One 2,500 meter diamond drill program on the CHIVAS property located in Sonora, Mexico.

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The objective of the first phase of drilling will be to:

(1) Test the IP geophysical anomalies on the Silica Cap zone, (see news release dated November 22, 2011). These IP anomalies identified moderate to strong chargeability values over large volume of rock extending SSE-NNW over these zones and;

(2) Test the areas of the Mesa Blanca zone where high resistivity anomalies at the sub-surface were found, indicating the presence of anomalous silica content associated with disseminated sulphide. It also corresponds to previous surface sampling and identification of high silicification and a large area with presence of anomalous buddingtonite from the TerraSpec sampling program done in early 2011

(Visit: www.Bowmorexploration.com\chivas\ipsurvey\chargeability.jpg and
www.Bowmorexploration.com\chivas\ipsurvey\resistivity.jpg) and;

(3) To follow up on the previously drilled Piedra Rodante gold-silver zone and to test possible extensions of the mineralization to the south and at depth, where historical values returned up to 1.26 g/t Au and 182 g/t Ag over 15 meters.(See Amex Exploration Jacques Marchand (QP) NI 43-101 report March 1, 2010.)

These significant targets have been defined by previous exploration work in 2010 and 2011 that lead to the identified of a large low sulphidation epithermal system that covers an area of approximately 5.2 km² (see news release October 26, 2010, news release July 14, 2011 and news release November 22, 2011).

The Property

The Property is composed of 2 claims covering over 24,841 hectares and is located within the Sierra Madre Occidental gold belt (“SMO”). The SMO is host to reserves of more than 40 Million ounces of gold and 2 Billion ounces of silver. The Chivas property is optioned from Amex Exploration Inc. (AMX: TSX-V) and is 15 kilometres to the west of the Dolores Mine owned by Minfinders Corporation Ltd. .The earn-in option provides Bowmore the right to acquire up to 70% interest in the property (see news release dated April 8, 2010).

Mr. Paul Dumas, President and CEO of Bowmore Exploration Ltd., stated: “we are very excited to test drill the Chivas property where we have been focusing our effort over the last two years. So far results have been very encouraging corroborating the evidence of a very large epithermal system. The initial drill program will allow us to test the first three zones being the Silica Cap, Mesa, and Mesa Blanca. The result of previous work programs clearly indicate extensions towards the Cerro Rojo zone that will need further follow up.”

Jean-Marie Pronovost, P. Geo., Chief Geologist for Bowmore, is the Qualified Person who has reviewed this news release and is responsible for the technical information reported herein.

BOWMORE is a Canadian exploration mining company focused on precious metal exploration in Canada and Mexico.

Forward-looking statements:

Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; Actual results and future events could differ materially from those anticipated in such statements.

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VANCOUVER, BRITISH COLUMBIA– Feb. 22, 2012 - Sunridge Gold Corp. (TSX VENTURE:SGC)(OTCQX:SGCNF) is pleased to announce that it has received a new independent resource estimate for the Adi Nefas zinc-gold-copper volcanogenic-massive-sulphide (VMS) deposit on the Company’s 100% owned Asmara Project, Eritrea. This new resource was completed by Snowden Mining Industry Consultants Inc. (“Snowden”) as part of its ongoing prefeasibility study on the Asmara North Deposits which include the Emba Derho copper-zinc-gold deposit, the Adi Nefas zinc-copper-gold VMS deposit, the Debarwa copper-gold VMS deposit, and the Gupo gold deposit. Adi Nefas is located only six kilometres from the 70 million tonne Emba Derho Deposit. The prefeasibility study is being conducted by Snowden and GBM Minerals Engineering Consultants Ltd. and is scheduled for completion in April 2012.

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Highlights:

• Indicated resources in the primary zone are 1.8 million tonnes averaging 10.05% zinc, 3.31 g/t gold, 1.78% copper and 115g/t silver
• Total contained metals in the Indicated categories at Adi Nefas are estimated as:
  • 408.0 million pounds of zinc
  • 72.2 million pounds of copper
  • 196,000 ounces of gold
  • 6.81 million ounces of silver.

Note: Contained metal calculations are as follows: copper and zinc: tonnes x grade (%) x 2204.622. Gold and silver: tonnes x grade (g/t) ÷ 31.10348. Results were rounded and no allowance was made for mining dilution or metal losses in the recovery process.

Sunridge President and CEO Michael Hopley says, “The average grade of all metals in the Adi Nefas deposit has significantly increased in this new resource estimate compared to the previous estimate in 2008.This high-grade material should enhance the economics of the Asmara Project when this material is mined and blended as a high-grade feed to a central North Asmara processing plant in conjunction with the nearby Emba Derho deposit as well as the sulphide material from the Debarwa deposit. We expect that most of these resources will be converted to reserves with the completion of the pre-feasibility study in April.”

Indicated Mineral Resources at Adi Nefas

Total Metal in Indicated Mineral Resources at Adi Nefas

NOTES

This new Adi Nefas resource estimate, completed by Snowden, is as of February 20, 2012 and complies with the CIM Definition Standards on Mineral Resources and Mineral Reserves, as required by National Instrument 43-101. Resource modeling and grade estimation was undertaken by Snowden and reviewed by Andrew F. Ross, FAusIMM (CP Geo), P.Geo (APEGBC #145711)(Senior Principal, Snowden), a Qualified Person as defined by NI 43-101, based on geological interpretations and a drill database (current to August 2011) provided by Sunridge. The database and the Sunridge sampling and assaying QA/QC procedures and results were reviewed by Snowden. Further details of the estimation procedure will be available in the NI-43-101 report which will be posted on the Company’s profile on SEDAR (http://www.sedar.com) no later than 45 days from the date of this press release.

GEOLOGICAL BACKGROUND

The Adi Nefas deposit occurs as a prominent outcropping gossan at surface that is the expression of deeper volcanogenic massive sulphide (VMS) mineralization. The gossan is traceable over a strike length of 700 metres and is north-northeast trending. The deposit is a steeply east dipping massive sulphide layer that is hosted within a sequence of felsic meta-volcanic and meta-sedimentary rocks. The massive sulphide layer has an average width of 6 m to 12 m and is largely hosted within a hydrothermally altered felsic quartz-sericite-chlorite pyrite schist which is flanked in the hanging wall and footwall by altered meta-basaltic rocks. The deposit is partitioned into upper oxide and transition zones with precious metal enrichment and base metal depletion, underlain by a zinc and copper rich supergene zone, and a lower primary zinc-rich sulphide zone.

The primary zone is typically developed beyond a depth of 40 metres from surface and is the focus of the prefeasibility study. The primary zone includes a unit of low grade chert and exhalite which has been modeled separately to the massive sulphides. Previous mineral resource estimates did not partition this rock unit from the massive sulphides and as a result were lower grade and higher tonnage than the current estimate.

METHODOLOGY

The mineralization on which this new Adi Nefas resource estimate is based extends over a strike length of 455 metres and a width of up to 12 metres and has been drilled to a maximum vertical depth from surface of approximately 400 metres. The deposit has been explored using 101 exploration drill holes and 8 geotechnical drill holes. 70 drill holes encountered mineralization and assays of split core have been used in this estimation of resources.

The interpretations of mineralized zones were modeled using three-dimensional wireframing techniques based on a distribution of drill intersections ranging from less than 25 metre to up to 135 metre spacings on 40 metre drill section intervals. The wireframe interpretations formed the basis for the construction of a block model as well as the constraining of samples for geostatistical analysis and grade estimation. A block model was constructed in Datamine mining software with a parent cell dimension of 7.5 m (X) x 10 m (Y) x 5 m (Z) subcelled to 0.5 m x 5 m x 2.5 m (XYZ) for accurate coding with the wireframe interpretations.

Grades for copper, zinc, gold, silver, lead and iron were estimated within primary and weathered horizon control using Ordinary Kriging after compositing the assay intervals to 1.5 m down-hole lengths. Search ellipsoid dimensions and orientations were determined on structural geological and geostatistical information. Density values were calculated for blocks based on regression formulae for iron, copper, zinc and lead estimates.

The interpreted mineralized zones were categorized for resource classification as Indicated or Inferred in a series of steps. Each zone was reviewed in the context of the spatial distribution of drill intersections used to model and estimate grades for that zone, with due consideration for the known geological and geostatistical continuities and confidences in the base data and geological interpretations. On this basis the relatively densely drilled (40 m section spacing) primary zone received Indicated status.

Michael Hopley, President and CEO of Sunridge Gold Corp. is the Qualified Person responsible for the contents of this press release and has reviewed the information in the release and confirmed that it is consistent with that provided by the independent Qualified Person responsible for the resource estimate, Andrew F. Ross of Snowden.

About Sunridge:

Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea and exploration properties in Madagascar. Sunridge currently has approximately 117 million shares outstanding and trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please view the slide show on our website at www.sunridgegold.com or call Greg Davis at the numbers listed below.

SUNRIDGE GOLD CORP.

Michael Hopley, President and Chief Executive Officer

This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.

VANCOUVER, BRITISH COLUMBIA– Feb. 22, 2012 - Spanish Mountain Gold Ltd. (“the Company”) (TSX VENTURE:SPA) is pleased to announce that it intends to proceed with a Feasibility Study (“FS”) for its Spanish Mountain Gold Project (“the Project”) located in central British Columbia, Canada.

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The Company will retain the same team of highly respected professionals, led by Tetra Tech (formerly Wardrop) as Project Manager, to complete a National Instrument 43-101 compliant feasibility study, by the third quarter of 2013.

The Company previously announced the commencement of a Pre-Feasibility Study (the “PFS”) for the Project in a news release dated August 31, 2011 and indicated that it may elect to initiate a Feasibility Study without prior completion of the PFS. With the recent discovery of the Phoenix Zone (as disclosed in the Company’s news release dated December 07, 2011) located approximately two kilometers west of the Main Zone within the Project area, the Company believes that the optimal strategy is to quantify and include the new Phoenix zone in the Project’s economic studies without adversely impacting the schedules for the completion of the FS and the subsequent potential mine development. Prior to the completion of the definitive FS, the Company expects to provide a technical report during the third quarter of this year that will refine the estimates of capital and operating costs forming the basis for the Preliminary Economic Assessment completed in December, 2010. The report is expected to reflect the development of the Main and North Zones (hereinafter referred to as the “Main Zone”) as well as the Phoenix Zone and will include the results from the studies currently underway in the areas of resource definition, geotechnical, metallurgical, tailings facilities and power supply.

Current Drilling Program

In conjunction with the ongoing economic assessment of the Project, the Company has commenced in-fill drilling of the Main Zone with the objective of enabling a further re-classification of the multi-million ounce inferred resource to the measured and indicated categories. This program is expected to last three months and will include total drilling in excess of 25,000 metres. To date, 33 holes have been completed out of the total program of 142.

The Company also plans to further define the Phoenix Zone with an initial drill program totalling approximately 15,000 metres with the objective of publishing an initial resource statement for this deposit in the inferred category within the next six months.

Project Studies

Significant progress has been made in the project studies since their commencement in August, 2011, with a number of areas achieving or approaching a prefeasibility level of detail. A staged development plan starting at 25,000 tonnes per day (tpd) and increasing to 40,000 tpd is being used as the basis for advancing the engineering studies. Due to higher grades to be processed during the first stage, the gold production using this scenario would be nearly constant for the life of mine at about 200,000 ounces per year. Geotechnical studies have advanced to a prefeasibility level of detail and the results of this work are being used for pit development and optimization studies. The metallurgical development of the project has advanced through variability testing and the results of the testwork are being used for the design and costing of a process plant to a prefeasibility level of accuracy. A staged development scenario has been developed for the tailings storage facility and these studies will also achieve a prefeasibility level of detail within the next few months. Studies of alternatives for the supply of power to the project for the two production levels are advancing. All studies that are being carried out for waste characterization are advancing beyond the level of detail that is usual for a prefeasibility level of study.

Brian Groves, President and CEO stated: “The discovery of the Phoenix Zone in the Cedar Creek area has the potential to significantly enhance the economic robustness of the Project. We are focused on defining the financial impact of the discovery of Phoenix for the Project and for shareholders. It is a rare occurrence to both discover a new zone of mineralization at this stage of project development and to have the financial resources to demonstrate the value of the discovery.”

About Spanish Mountain Gold

Spanish Mountain Gold Ltd. is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia, Canada. The Company has a strong cash position with no debt and owns 100% of four gold properties located in British Columbia. Additional information about the Company is available on its website: www.spanishmountaingold.com

On Behalf of the Board,

SPANISH MOUNTAIN GOLD LTD.

Brian Groves, President and CEO

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, believes”, “estimates”, “predicts”, “potential”, or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Management has assumed that these will be our major projects going forward. Risks include that we are unable to satisfy environmental or other regulators, that we determine that our resources are not commercially viable, or that we have difficulties due to unavailability of labour or equipment.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.

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Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.

VANCOUVER, BRITISH COLUMBIA– Feb. 22, 2012 - CALYPSO URANIUM CORP. (TSX VENTURE:CLP) (“Calypso” or the “Company”) – Calypso President Stephen Barley is pleased to announce the second significant discovery of surface uranium mineralization at its San Jorge Basin Project, Argentina. The Company has also received additional positive results from the follow up program at the first discovery zone announced in August. These discoveries were the results of the initial prospective field programs at the Bella Vista and La Flecha prospects, both included in the San Jorge Basin Project, confirming the exploration potential of this uranium district. Calypso is currently advancing an intensive regional summer exploration program at this Project, including a 3,000 meter RC drill program. Calypso’s exploration activity in Argentina is led by Energía Mineral with the participation of Cameco Global Exploration under the joint venture Option Agreement signed in September 2010.

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“The discoveries achieved by our exploration team in just a few field campaigns confirm the uranium exploration potential of the district and support the upcoming drill program, which should contribute to further identifying uranium mineralization at this highly prospective San Jorge Basin project,” said Guillermo Pensado, Vice President of Exploration and President of Calypso’s subsidiary Energía Mineral.

The San Jorge Basin Project includes property tenures for about 148,000ha (1,480km²) within the primary uraniferous district in Argentina. This district includes the Cerro Solo deposit, one of the two known Argentine uranium resources. Cerro Solo, a uranium sandstone type deposit, is controlled by the National Atomic Energy Commission (CNEA) and contains geological resources of 12,207 tonnes U3O8 using 0.01% U308 cut off (CNEA, 2005). These resources are not NI 43-101 compliant but are believed to be reliable This strongly uranium-mineralized basin is the site of the most concentrated uranium exploration activity in Argentina.

BELLA VISTA PROSPECT

Geological mapping and geochemical sampling has been completed for a 3,500ha area at the Bella Vista Prospect. The sampling was mainly collected over altered fine tuff of the Cerro Barcino Formation, a unit that overlaps the prospectable Los Adobes Formation that comprises the Cerro Solo uranium deposit to the north. Four channel sampling sections were conducted normal to a stratiform altered and mineralized horizon along a 200-meter distance. The average thickness was 9.7 meters with an adjusted grade of 322 ppm U3O8 (or 0.64 lb/ton U3O8; samples #11,798 to #11,839), included in channel #1 9.5 meters grading 613ppm U3O8 (or 1.22 lb/ton U3O8; samples #11,806 to #11,814). The Company expects to complete the surface field work at this discovery prospect with a RC drill program during the current summer field season.

LA FLECHA PROSPECT

The follow up exploration program at this Prospect exposed more uranium mineralization than originally mapped. A limited number of soil samples collected in a new area with scarce outcrops yielded values between 397 ppm and 6,907 ppm U3O8 (or 0.78 and 13.80 lb/ton U3O8; samples 11,752 & 11,748, respectively). Those samples showed pathfinder anomalies such as Vanadium, up to 4,987 ppm (#11,749); and Molybdenum, up to 190 ppm (#11,753). These values could be indicating multi-metal feeder brines and the presence of a wider system than originally observed.

FOLLOW UP EXPLORATION & DRILLING PROGRAM

The exploration team is currently focused on the La Bombilla prospect, internally ranked as highly prospectable since the Los Adobes formation outcrops in the area and shows high radiometric anomalies on surface, as well as strong alteration. Field work includes mapping, geochemical sampling and geophysics surveys in order to select drilling targets.

A 3,000-meter RC drilling program is scheduled to begin on March 1^st. The program will test the targets previously defined at the Bella Vista and La Bombilla prospects. The RC program will take samples every meter and bore hole surveys will be run by the in-house geophysics team.

QAQC

The Company conducts QAQC protocols at every exploration phase. The surface prospecting and exploration geochemical sampling includes approximately 12% control samples, while every drill program includes approximately 20% control samples. They include twin samples, fine and coarse certified blanks, fine and coarse duplicates and internal certified standards.

The technical information contained in this document has been reviewed and approved by Dr Jon P. Thorson, PhD, CPG #10944 (AIPG), an independent Consulting Geologist, as the qualified person as defined by NI 43-101.

About Calypso

Calypso Uranium Corp. is a mineral exploration company whose principal focus is the exploration and development of uranium properties in Argentina and in the United States. Calypso is active in Argentina with more than 460,000 hectares or 4,600km2 of claims and mineral concessions in the provinces of Chubut, Mendoza and Neuquén. In September 2010, Calypso signed an Option Agreement with Cameco Global Exploration Ltd., to explore and develop Calypso’s uranium projects in Argentina with the exception of the Huemul property in the Province of Mendoza which is being retained by Calypso. Through the Argentine branch of its subsidiary Energía Mineral Inc., the Company has an exploration office located in Mendoza working closely with local communities and local, provincial and national authorities while operating to the highest national and international safety, environmental and ethical standards. While maintaining its principal focus on the development of the Argentine uranium projects, Calypso has a 51.4% interest and is operator of the Sage Creek properties located in Converse County, Wyoming. Calypso is well-funded to advance all exploration projects and has the technical team and management structure for this effort. Further information is available at the website, www.calypsouranium.com, or filed under the Company’s profile at www.sedar.com.

CALYPSO URANIUM CORP.

Stephen Barley, President & CEO

Shares Outstanding: 50,630,819

This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.

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Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.

VANCOUVER, BRITISH COLUMBIA– February 22, 2012 - Equinox Exploration Corp. (TSX VENTURE:EQX) is pleased to announce that it has signed a LOI to acquire a 100% interest in a mining lease that consists of three exploitation concessions totaling approximately 1,110 acres in the Atacama region of Chile. The area under lease includes the Aura Copper Mine which commenced production at the end of the third quarter, 2011. The terms of acquisition, which are subject to regulatory approval, will be finalized in a definitive agreement.

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The company plans to commence an exploration program, consisting of geological mapping, sampling and drilling in 2012 to define and characterize the potential of the Aura mine and the surrounding area. Preliminary geological surface mapping indicates the presence of multiple vein structures that contain copper mineralization. Some of the copper is in the form of oxide mineralization.

The LOI allows Equinox exclusivity for 30 days to negotiate a definitive agreement with the owners and to complete legal and technical due diligence on the Project. Under the terms outlined in the LOI, Equinox will gain a 100% interest in the exploitation concession by making total cash payments to the owners of USD $250,000 over 5 years, $50,000 being due upon signing the definitive option agreement and $50,000 each year thereafter for four more years. Equinox will also issue 3,500,000 shares of Company capital stock to the owners over the 5 year period. The owners will retain a 2% net smelter returns royalty.

Equinox Exploration Director, Roy Fuller, commented, “The acquisition of the Aura mine is a major step towards achieving our goal of obtaining a diverse portfolio of copper properties. Operation of a mine gives us the advantage of having the potential for a revenue stream that will help fund future exploration onsite. We believe our ability to be a copper producer with this project truly sets us apart from many other exploration companies.”

About Equinox Exploration Inc.

Equinox Exploration is a publicly traded corporation engaged in the exploration and development of copper properties with its major focus on copper deposits in the Southwest United States and Chile. Equinox has acquired strategic positions within some of the world’s most prolific copper belts with the acquisitions of its Arizona North Star claims and it’s Aura mine located in Chile.

Stephen B. Butrenchuk, P. Geo, P.Geol., Director of Equinox, is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The foregoing is subject to regulatory approval.

On behalf of the Board of Directors,

Roy Fuller, Director

Forward-Looking Statement

This news release includes certain statements that may be deemed “forward-looking statements”. Forward-looking information includes, but is not limited to: statements with respect to the effect and estimated timeline of the drilling and assay results on the Company; the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting ; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: unsuccessful exploration results; changes in metals prices; changes in the availability of funding for mineral exploration; unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company’s annual filings that are available at www.sedar.com.

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Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.