VMS Reports That the First Step Out Drill Hole at Reed Lake Has Intersected 10 Metres of 2.39% Copper 214 Meters Down Plunge of the Reed Lake Deposit

VMS Ventures Inc. (TSX VENTURE: VMS) ("VMS") is pleased to announce that joint venture partner HudBay Minerals Inc. (TSX: HBM)(NYSE: HBM) has informed the Company that the first step out drill hole undertaken by the joint venture has been successful in intersecting massive sulphide mineralization approximately 214 meters down plunge from the deepest intersection previously drilled into the deposit. (see image below)

Neil Richardson, VMS' Chief Operating Officer states: "The success of the step out drill hole represents a major step forward in the advancement of our knowledge of the deposit and indicates that it may be significantly larger than previously thought. Drilling on the deposit prior to this step out hole intersected mineralization from within 50 meters of surface to a depth of approximately 450 meters from surface.

Capstone Reports 8th High Grade Copper-Gold Discovery & Major Step Out at Minto Mine

Hole 10SWC750 intercepts 15.3% Cu & 4.4g/t Au over 2.6m at Inferno Discovery

Hole 10SWC758 intercepts 1.9% Cu & 0.5g/t Au over 19.1m, including 3.3% Cu & 0.7g/t Au over 7.1m in Major Step-out to NE of Copper Keel 

Capstone Mining Corp. (CS: TSX) today announced two separate exploration developments at its Minto Mine in the Yukon Territory: the discovery of a new high grade copper-gold zone, designated "Inferno", northeast of the Minto Main deposit, and a 250m extension to the northeast of the Wildfire/Copper Keel mineralization discovered and drill defined in 2010. The mineralization in both areas was detected by a deep penetrating IP survey conducted earlier this year.  Drilling highlights are summarized in the table below while the full results for nine new holes released today are in the table attached.

ECU Silver Uncovers Mantos-Type Mineralization at Chicago Mine

ECU Silver Mining Inc. (TSX: ECU) is pleased to announce that it has discovered a "mantos-type" mineralized zone (also known as a "Chimney") in the new underground development at the Chicago mine. The newly discovered zone included a cut assaying 350 grams per tonne (g/t) silver (Ag), 6.40% lead (Pb) and 12.13% Zn over a width of 3.0 meters (m) (10 feet).

Michel Roy, CEO and Chairman of ECU stated, "The mantos-type of mineralization is typically related to replacement bodies which is a very encouraging development for us, as some of the best orebodies in Mexico are of this type of mineralization. Historical mining in "mantos" style deposits have shown that these types of mineralization are generally associated with very high grades and good widths."

Moly Mines Limited: Spinifex Ridge Molybdenum/Copper Project Financing-NDRC Approval

Moly Mines Limited (TSX: MOL)(ASX: MOL) is pleased to announce that the immediate parent entity of Hanlong Mining Investment Pty Ltd ("Hanlong") has received the key Chinese government approval in the process toward completing the financing for the Spinifex Ridge Molybdenum/Copper Project ("Project").

The National Development and Reform Commission ("NDRC") of the People's Republic of China has confirmed its permission for Chinese funding to be allocated to the development and construction of the 10 million tonne per annum Project.