July 17

Potash North Engages Boyd Petro Search for 2D Survey

Potash North Resource Corporation (\"Potash North\" or the \"Company\") (TSX VENTURE:PON) has retained Boyd Petro Search (\"Boyd\") of Calgary, Alberta to conduct a 2D seismic survey of the KP 416 and KP 417 permit areas (the \"Permit Area\").

The Technical Report (filed on Sedar July 7, 2008) recommends that in order to obtain an estimate of the potash potential of the Permit Area a 2D seismic survey be conducted followed by local 3D seismic surveys and selected drilling to investigate the continuity of the deposit by identifying portions of the ground that may contain anomalies that affect potash mineralization. While drill holes offer a valuable vertical profile through the Prairie Evaporite Formation, drill holes alone do not provide information as to the lateral extent of the potash beds or any anomalies affecting them. For this purpose, reflection seismic surveys offer the possibility to map the lateral extent of any anomalies related to large-scale alteration of the Prairie Evaporite Formation.
Read more: Potash North Resource Corporation ( PON )
July 17

FDA accepts Labopharm\'s response for once-daily tramadol as complete Class 2 response

- FDA Assigns PDUFA Date of January 2, 2009 -

Labopharm Inc. (TSX: DDS; NASDAQ: DDSS) today announced that the response that it submitted to the U.S. Food and Drug Administration (FDA) on July 2, 2008, including the additional analysis of existing data as suggested by the Agency, has been accepted as a complete, Class 2 response. The action date assigned by the FDA under the Prescription Drug User Fee Act (PDUFA) is January 2, 2009.

About Labopharm\'s Once-Daily Tramadol Product

Labopharm\'s once-daily tramadol product is based on the Company\'s proprietary Contramid(R) technology, which provides a dual matrix delivery system allowing both rapid and sustained drug release that maintains blood levels within the therapeutic range providing a full 24 hours of pain relief.
Read more: Labopharm Inc ( DDS )
July 17

BioMS Medical\'s relapsing-remitting multiple sclerosis trial receives positive review from Data Safety Monitoring Board

BioMS Medical Corp. (TSX: MS), a leading developer in the treatment of multiple sclerosis (MS), today announced that the independent Data Safety Monitoring Board (DSMB) for the Company\'s phase II MINDSET-01 trial of MBP8298 (dirucotide) in patients with relapsing-remitting MS has completed a safety analysis and recommended that the trial continue as per the protocol.

This was the fifth of several regularly scheduled reviews by the DSMB that will occur over the duration of the trial. The purpose of the DSMB is to provide objective, independent safety monitoring of the trial.
Read more: BioMS Medical Corp ( MS )
July 17

First Majestic Silver Corp.: Major Intersection at San Juan Silver Mine; Drill Hole Intersects 74.20 Metres (243 ft) of 359 g/t Ag, 7.07% Pb & 7.60% Zn

First Majestic Silver Corp. (TSX: FR)(PINK SHEETS: FRMSF)(FRANKFURT: FMV)(WKN: A0LHKJ) (\"First Majestic\" or the \"Company\") is pleased to announce additional drill results from the ongoing drilling program at the San Juan Silver Mine located in Zacatecas, Mexico.

The San Juan Silver Mine located within the Company\'s Chalchihuites Group of Properties is strategically located 60 km to the southeast of the Company\'s flagship La Parrilla Silver Mine and consists of 337 hectares of contiguous mining claims which cover the Perseverancia Silver Mine and the San Juan Silver Mine.

Further to the Company\'s news releases dated December 3, 2007 and March 5, 2008 covering 8 holes, additional assay results have now been received.
Read more: First Majestic Silver Corp ( FR )
July 17th

Lundin Mining Corporation: Major New Deposit at Neves-Corvo

Lundin Mining Corporation (\"Lundin Mining\" or the \"Company\") (TSX: LUN)(NYSE: LMC)(OMX: LUMI) is pleased to announce the discovery of a new zinc-copper deposit at its 100% owned Neves-Corvo mine in southern Portugal.

This new deposit has been named the Lombador East deposit and contains the thickest, highest-grade zinc intersections ever encountered at the Neves-Corvo mine, including 89.2 metres grading 8.43% zinc.

Eight drill holes currently define this new deposit. All eight holes contain thick sections of massive sulphide zinc mineralization with four of the eight holes intercepting greater than 65 metres of greater than 8% zinc that each include wide intervals of greater than 10% zinc. Please see attached maps.
Read more: Lundin Mining Corporation ( LUN )