VMS Reports Discovery of New High Grade Copper Zone Grading 7.44% Copper Over 7.18 Metres in Hole RLE006 Located 1.8 Kilometres Northeast of the Reed Copper Deposit

VMS Ventures Inc. (TSX-V:VMS) ("VMS") is pleased to announce the discovery of high grade copper on its Super Zone property. Hole RLE006 intersected two zones of mineralization within a bimodal (rhyolite / basalt) volcanic sequence located 1.8 kilometres northeast of the Reed Copper Deposit.

The first zone intersected 7.18 metres of 7.44% copper (from 133.89 to 141.07 metres) and a second zone intersected 44.49 metres of 0.79% copper and 0.39% zinc (from 214.00 to 258.49 metres). The initial hole in this zone was RLE004 targeting a 1 kilometre long VTEM airborne anomaly with coincident magnetics. This hole intersected 0.34 metres grading 5.41% Cu. The follow-up borehole pulse electromagnetic survey indicated two conductive targets and was followed up with discovery hole RLE006.

Amerigo Announces Record Q1 2011 Production Results

Amerigo Resources Ltd. (Toronto:ARG) ("Amerigo" or the "Company") is pleased to announce production results for the first quarter of 2011 from Minera Valle Central ("MVC"), the Company's operations located near Rancagua, Chile. MVC produced 11.14 million pounds of copper and 212,125 pounds of molybdenum during the three months ended March 31, 2011. 

Amerigo's President and CEO, Dr. Klaus Zeitler, stated: "MVC's production in Q1-2011 of both copper and molybdenum were the highest of any first quarter in the Company's history. Copper and molybdenum production for the quarter were 30% and 20% higher, respectively, than previous first quarter production records. Management is confident that these excellent results put the Company well on its way to meeting projected production for both metals in 2011. We congratulate all of our team for their excellent work."

Salazar Cuts 21.43 Meters of 4.01 g/t Gold & 3.23% Copper in Curipamba

Salazar Resources Ltd. (TSX VENTURE:SRL; FRANKFURT:CCG ) is pleased to report the latest assay results from the ongoing diamond drilling program on its 100% owned (30,327 ha), precious metals' rich Curipamba volcanogenic massive sulphide project in Ecuador. Hole 104 intersected an impressive 21.43 meters of high grade mineralization grading 4.01 g/t gold, 34.42 g/t silver, 3.23% copper and 1.47% zinc (Table 1). This was an infill hole between high grade copper-gold intersections in holes 39 and 56, and is one of number of holes planned to be drilled in a highly prospective area of the deposit containing copper and gold-rich mineralization (Figure 1). This area measures approximately 300 X 125 meters and may increase in size with drilling. Salazar currently has two drills delineating and extending the deposit.

Quadra FNX Announces First Quarter 2011 Production Results

Quadra FNX Mining Ltd. ("Quadra FNX" or the "Company") (Toronto:QUX.TO) announces its first quarter 2011 production and sales results. Combined production for the three months ended March 31st totaled 46 million pounds of payable copper, 26 thousand ounces of total precious metals ("TPMs") and two million pounds of payable nickel.