Imperial Metals Corporation: Supreme Court of Canada Ruling

Imperial Metals Corporation (TSX:III ) reports in a decision released this morning the Supreme Court of Canada limited the right of Responsible Federal Authorities to make project review scoping decisions under the Canadian Environmental Assessment Act. However, the Court declined to set aside the Federal Government's environmental assessment of the Red Chris Project. As such the ruling is prospective and will not impact development of the Red Chris Project. Federal regulatory authorities remain authorized to issue approvals for mine development at Red Chris. Completion of mine development will be subject to compliance with the Metal Mining Effluent Regulations and habitat authorizations under the Fisheries Act.

Franconia Signs Land Agreement for Maturi Copper-Nickel-Platinum Group Metals Property, Minnesota

Franconia Minerals Corporation (TSX: FRA.TO) ("Franconia") announces that it has reached an agreement with the South Kawishiwi Association LLC, a group of nearby cabin owners who are exchanging surface lands with the US Forest Service for surface rights over a portion of Franconia's Maturi mineral deposit. Under the terms of the agreement, Franconia reinforces its right to access the Maturi Cu-Ni-PGM deposit - via a defined easement - in order to conduct further exploration and possible future development and mining. The agreement also gives Franconia the future right to purchase up to 15 acres of land from the cabin owners for surface facilities in connection with underground mining operations. With the signing of the agreement, the Company agrees to support the cabin owners' land exchange with the Forest Service.

Joint Venture With Antofagasta plc; Antofagasta Provides Execution Capability and Financing Required to Advance Nokomis Project

- Brings a US $16 billion market cap major global mining partner with proven expertise in planning, building and operating large mining projects;

- Provides funding and financing commitments of up to US $227 million to advance one of the world's largest undeveloped copper-nickel-PGM development projects;

- Antofagasta commitment to pursue a common project financing with Duluth to bring the project to production;

- Provides Duluth shareholders with potential upside valuation on 60% of Nokomis project; and

China Direct Industries Provides Financial Outlook for Fiscal 2010 Ending September 30, 2010

China Direct Industries, Inc. ("China Direct Industries") (NASDAQ:CDII), a U.S. owned holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, announced today its financial outlook for its fiscal 2010 year ending September 30, 2010.

As a result of improved visibility in the operations of its subsidiaries in China, coupled with continued price stabilization and improvement in demand in its magnesium segment, management has decided to reinitiate providing an annual financial outlook. Management sees improvement across all its business areas resulting in revenues for the full fiscal year of 2010 ranging between $130 and $150 million with net income ranging from $8 to $10 million. This guidance is predicated on management's belief that magnesium prices and demand will continue to gradually improve in fiscal 2010. Management also believes its consulting operations will improve significantly as global markets continue to strengthen for small to medium sized Chinese entities.