June 3rd

Petrostar Petroleum Corporation: Letter of Intent Signed to Develop Bakken Oil Play in SE Saskatchewan

Petrostar Petroleum Corporation (TSX VENTURE: PEP)(FRANKFURT: LMQ), the \"Company\" or \"Petrostar\") announces the following new venture:

The Company is pleased to announce that it has entered into a Letter of Intent with Leaf & Stone Resonance Services Ltd.(L&SRS) of Saskatoon, SK to develop certain leaseholds acquired by L&SRS located in SE Saskatchewan. The leases will cover up to 12 quarter sections of freehold lands that have been acquired.

The area to be developed has two potential oil bearing zones; the Frobisher at a depth of approximately 500m and the Bakken at a depth of 1,100m - 1400m.

Under the terms of the agreement Petrostar will be the operator and provide up to $250,000.00 in drilling funds which matches the technical and mineral rights acquisition costs provided by L&SRS. All future costs will be shared on an equal 50/50 basis.
Read more: Petrostar Petroleum Corporation ( PEP )
June 3rd

Kinbauri Drilling Suggest Significant Increase in Resources at El Valle

DRILLS 39.9m grading 5.4g Au/t, 32.6g Ag/t and 2.36% Cu, including 17.1m grading 10.5g Au/t, 63g Ag/t and 5.15% Cu

Kinbauri Gold Corp. (\"Kinbauri\") (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE) announces more results from its on-going 23,000m underground in-fill drill program at El Valle, Spain. Highlights of assay results from Black Skarn North (\"BSN\") and Area 107 (\"107\") include:

- 39.9m grading 5.44g Au/t, 32.6g Ag/t and 2.36% Cu in DDH08KV1108, including 10.54g Au/t, 63.0g Ag/t and 5.15% Cu over 17.1m.

- 27.1m grading 2.80g Au/t, 15.6g Ag/t and 0.77% Cu in DDH08KV1111, including 25.52g Au/t, 59.0g Ag/t and 0.91% Cu over 1.5m.
Read more: Kinbauri Gold Corp ( KNB )
June 3rd

Buchans River intersects 16.0 metres of 10.30% combined base metals: 6.64% zinc, 3.01% lead, 0.65% copper, & 15.06 g/t silver & 0.11 g/t gold

Buchans River Ltd. (BUV-TSX-V) is pleased to provide results for eight additional holes from its expanded 8,000 metre, drill program on the Lundberg zone located adjacent to the Lucky Strike mine in Buchans, central Newfoundland. Results continue to define a volume of near surface mineralized rock hosting stockwork sulphides which may represent a bulk tonnage resource amenable to open pit mining. Results further indicate higher grade sections exist within a northwest trending corridor that may define a higher grade volume of rock within the larger mineralized zone.
Read more: Buchans River Ltd ( BUV )
June 3rd

DiagnoCure\'s molecular diagnostic tests - PCA3 and GCC - discussed at scientific meetings

Two of DiagnoCure Inc. (TSX: CUR) products, the PCA3 marker for the detection of prostate cancer and GCC for the staging of colorectal cancer, were discussed at recent scientific meetings as part of the growing trend to molecular diagnostics.

Yesterday, on June 2nd, DiagnoCure opened the sessions at the 34th Annual International Clinical Ligand Assay Society Meeting, held in Coral Springs, Florida, with a presentation on its guanylyl cyclase C (GCC) testing research.

Timothy J. Holzer, Ph.D., Vice President, R&D and Production at DiagnoCure, presented research data on \"Molecular Detection of Colorectal Cancer Lymph Node Micrometastasis\". Dr. Holzer\'s presentation featured a statistical review and discussion of the beneficial role of GCC in the staging of colorectal cancer.
Read more: DiagnoCure Inc ( CUR )
June 3rd

Silver Wheaton Acquires 50% of Life of Mine Silver Production From Aurcana\'s La Negra Mine in Mexico

Silver Wheaton Corp. (\"Silver Wheaton\") (TSX:SLW)(NYSE:SLW) is pleased to announce that it has agreed to purchase 50% of the life of mine silver produced at the La Negra mine located in Queretaro State, Mexico. The La Negra mine, which is 80% owned by Aurcana Corporation (\"Aurcana\") (TSX VENTURE:AUN), is a 1,000 tonne per day polymetallic mine originally discovered, developed and operated for thirty years by Penoles S.A. de C.V. (\"Penoles\").

Silver Wheaton will pay Aurcana an upfront cash payment of US$25 million in order to acquire 50% of all silver produced from the La Negra mine for the lesser of US$3.90 (subject to a one percent annual adjustment starting in year four after production commences) or the prevailing market price per ounce of silver. Payment for the transaction will be drawn from existing credit facilities. The transaction is expected to close by June 20, 2008.
Read more: Silver Wheaton Corp ( SLW )