New Gold Agrees to Acquire Rainy River Resources Growing Gold Reserves by Over 40 Percent per Share

New Gold Inc. ("New Gold") (TSX and NYSE MKT:NGD) and Rainy River Resources Ltd. ("Rainy River") (TSX:RR) today jointly announce that they have entered into a definitive acquisition agreement (the "Agreement"), whereby New Gold will offer to acquire all of the outstanding common shares of Rainy River through a friendly take-over bid. Under the terms of the Agreement, New Gold will offer, at the election of each holder of Rainy River common shares, 0.5 of a common share of New Gold or $3.83 in cash, in each case subject to pro ration (the "Offer"). The Offer represents a premium of 42% over the closing price of the Rainy River shares on the Toronto Stock Exchange on May 30, 2013, the last day of trading prior to announcement of the Offer, and a 67% premium to Rainy River's 20-day volume weighted average trading price.

Read more: Rainy River Resources Ltd ( RR )

Zephyr expands gold mineralization on its Dawson property in Colorado: Drills 14.3 meters of 6.2 G/T gold

Zephyr Minerals Ltd. ("Zephyr") (TSXV: ZFR) is pleased to announce results for the first 7 holes of a 13 hole diamond drill program on the Windy Gulch zone of the Dawson gold project in Colorado, U.S.A.  These initial results confirm and expand on historic drilling and surface channel sampling results which identified an at surface and near surface gold zone with very attractive grades.  Drill holes of particular note include WG-13-08 and WG-13-14 which intercepted 7.2 meters grading 7.9 grams per tonne (g/t) gold and 7.3 metres grading 9.7 g/t gold respectively. Channel sampling of a newly established roadcut located approximately 50 metres east of the historic easterly roadcut and directly above drill holes WG-13-08 to WG-13-10, assayed 7.6 g/t gold over a width of 11.9 metres.  This zone remains open to the east and at depth. Selected results for the first 7 holes are presented in the table below:

Read more: Zephyr Minerals Ltd ( ZFR )

Klondex Drilling Confirms New West Zone Gold Mineralization; All Five Drill Holes Intercepted Mineralization

77.8 g/t (2.3 opt) Gold Over 0.7m (2.3ft) FC-13-065U; 67.4 g/t (2.0 opt) Gold Over 0.3m (1.0ft) FC-13-064U; 23.4 g/t (0.7 opt) Gold Over 1.4m (4.5ft) FC-13-063U

Klondex Mines Ltd. (TSX: KDX) (OTCQX: KLNDF) today confirms mineralization in the new West Zone at its Fire Creek gold project in Nevada. Five holes drilled west from drill station 9 affirm new mineralization extending south from the vent-raise access discovery (Figure 1). The longest interpreted vein now extends at least 97.5m (320ft) to the south from the vent raise access discovery. Significant mineralization was intercepted in all five drill holes.

Read more: Klondex Mines Ltd ( KDX )

Midway Receives Another Key Permit for Pan Gold Project, White Pine County, Nevada

Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-MKT) announces receipt of a key permit required for production at its Pan Gold Project in Nevada. The Class I Air Quality Operating Permit to Construct has been issued by the state of Nevada. Additionally, the public comment period for the Pan Draft Environmental Impact Statement (EIS) is closed and the response was overwhelmingly positive. Comments will be incorporated into the Final EIS. The permitting schedule at Pan continues to remain on track for a Fall 2013 Record of Decision by the U.S. Bureau of Land Management.

Read more: Midway Gold Corp ( MDW )

Georgetown Capital Corp. Announces Changes to the Company's Management

Georgetown Capital Corp. (TSX VENTURE:GET) ("Georgetown" or the "Company"), is pleased to announce that effective May 23, 2013, Shawn Wallace, has been appointed President and Chief Executive Officer replacing Tony Ricci who resigned effective the same day. Mr. Ricci will continue to serve on the board of directors of the Company. Mr. Wallace has over 24 years experience in the acquisition, financing and operation of mineral exploration and development projects worldwide, his experience and expertise will be invaluable in sourcing out and financing quality projects for the company going forward. Georgetown is currently undertaking a thorough search for quality large scale precious metals projects worldwide.

Shawn Wallace commented "We plan to capitalize on an environment where quality assets are becoming available in a way that we have not seen in over ten years."

On Behalf of the Board,

Shawn Wallace, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:
Georgetown Capital Corp.
Shawn Wallace
President and CEO
778-729-0600