Gold in Africa: Sunridge Gold and Antofagasta Minerals Exploration Joint-Venture Update, Asmara Project, Eritrea SGC.v, NGQ.to, NSU.to, LUN.to,

Company is putting another project under drill in its J/V with Antofagasta. Results from Daero Paulos drilling are disappointing so far. Asmara project is the most promising asset of the company now and recent development by Nevsun Resources with commissioning of mining equipment for mine in Eritrea will bring some tail wind with the exploration news.

Sunridge Gold Corp. (SGC-TSX-V) is a junior company that has successfully defined four independently estimated 43-101 mineral deposits on the Asmara Project, Eritrea in East Africa. A positive scoping study on the large Emba Derho copper-zinc-gold deposit was completed in June 2009.The four deposits have total indicated 43-101-resources containing:
1.28 billion pounds. of copper,
2.5 billion pounds of zinc,
1.05 million ounces of gold, and
31.2 million ounces of silver Sunridge recently entered into a strategic partnership with Antofagasta Minerals S.A. whereby Antofagasta has agreed to fund US $10,000,000.in exploration work on areas of the Asmara Project and has become the Company's largest shareholder through a US $5.0 million private placement.
Management: Sunridge is managed by an experienced team with a successful track record of discovery and development of precious and base metals projects with companies such as Bema Gold and Nevsun Resources.

Sunridge Gold and Antofagasta Minerals Exploration Joint-Venture Update, Asmara Project, Eritrea

Press Release Source: Sunridge Gold Corp. On Wednesday May 12, 2010, 8:30 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 05/12/10) - Sunridge Gold Corp. ("Sunridge") (TSX-V:SGC - News) is pleased to announce that Sunridge and Antofagasta Minerals S.A. have commenced a new drilling program at the Adi Rassi copper-gold prospect within the Asmara Project, Eritrea, which is within the Exploration Areas and part of the joint-venture exploration funding agreement with Antofagasta Minerals announced October 2, 2009. The Adi Rassi copper/gold prospect is located about 8 kilometers southeast of the company's Debarwa high-grade copper/gold VMS deposit. The program will consist of at least four holes totaling 1,200 meters of diamond drilling.
The copper and gold mineralization at the Adi Rassi prospect is associated with quartz veins and breccia zones along a major shear zone that trends northeast and dips steeply to the west. This mineralization is mainly hosted in strongly foliated and distorted altered mafic volcanic tuff and flows. Alteration associated with copper mineralization can be seen at surface in a zone that measures about 80 meters wide along a strike length of approximately 500 meters.
From 1971 to 1974 the prospect was evaluated by the Ethio-Nippon Mining Company and a drill program of 11 diamond drill holes comprising 2,170 meters of core were completed over a 550 meters of strike length. The best results from this historic drilling were 41.3 meters of 1.77% Copper (DDH EN-7) and 33.6 meters of 1.5% copper (DDH EN-4).
Note: The above drill results are taken from the report "Adi Rassi Copper Prospect - Ore Resources Evaluation" by D.J. Toogood, December 1997, Phelps Dodge Exploration Corp. While the above historical data appears to be complete and the procedures followed appear reliable, Sunridge has not completed the work necessary to verify the reported results.
DAERO PAULOS DRILLING:
All results have recently been received from the drilling of the large Daero Paulos copper target also part of the Antofagasta joint-venture exploration funding agreement. Twelve widely spaced diamond drill holes were drilled over an area of surface alteration measuring approximately 500 meters wide and 2.5 kilometers long. The program returned only a few narrow zones of mineralization.
REGIONAL TARGET GENERATION
In addition to the above drilling programs a regional target generation program is underway covering all parts of the Exploration Areas as defined in the joint-venture exploration funding agreement with Antofagasta. Stream geochemical sampling, satellite imagery analysis and local geological mapping are the main tools being used and it is hoped that this work will result in the generation of new drill targets over the next few weeks.
ABOUT SUNRIDGE:
Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea and exploration properties in Madagascar.
Sunridge has approximately 76 million shares outstanding and approximately $5.5 million in cash. Sunridge trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please view the slide show on our website at http://www.sunridgegold.com/ or call Don Halliday or Greg Davis at the numbers listed below.
NOTES:
1. A Quality Assurance/Quality Control program was part of the samplingprogram on the Daero Paulos copper prospect. This program includes chainof custody protocols as well as systematic submittals of standards,duplicates and blank samples into the flow of samples produced by thesampling.2. Samples were prepared at African Horn Testing Services (Eritrea) andanalyzed at Genalysis Laboratories (a NATA registered laboratory) inPerth, Western Australia.3. The results of the Daero Paulos copper prospect drill program have beenreviewed by Michael J. Hopley the Qualified Person for Sunridge. Mr.Hopley is also the person responsible for preparation of the technicalinformation contained in this news release and is President and ChiefExecutive Officer of Sunridge.
SUNRIDGE GOLD CORP.
Michael Hopley, President and Chief Executive Officer"

Volta Reports Best Results to Date at Its Kiaka Gold Project - Intersects 134 Meters at 2.16 g/t Gold, Including 10.0 Meters at 7.43 g/t Gold VTR.v,

Volta Reports Best Results to Date at Its Kiaka Gold Project - Intersects 134 Meters at 2.16 g/t Gold, Including 10.0 Meters at 7.43 g/t Gold

Volta Reports More Wide Mineralized Intercepts in the Next Section of Drilling at its Kiaka Gold Project Including 119.5m (at) 1.15g/t Gold VTR.to,

Volta Resources is one of the few Juniors in Gold space which came back stronger after crisis and after merger Birim Goldfields with Goldcrest Resources company performs very well with recent discoveries.

Volta Reports More Wide Mineralized Intercepts in the Next Section of Drilling at its Kiaka Gold Project Including 119.5m (at) 1.15g/t Gold, 108.45m (at) 1.06g/t Gold and 94m (at) 1.21g/t Gold

Press Release Source: Volta Resources Inc. On Wednesday April 21, 2010, 9:06 am
TSX: VTRTORONTO, April 21 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR - News) announces the drill results from the next completed section at its Kiaka Gold Project, located approximately 120 kilometres southeast of Ouagadougou, the capital city of Burkina Faso. To date, 88 holes (~13,674 meters) have been completed of the current program comprising more than 110 holes ((greater than)17,400 meters) planned for the Central Area at Kiaka. So far results have been received for 71 holes from this area, with the current news release covering the latest 6 holes, which are all located on Section 5600N (See Figure 1). The highlights from this section include:
- KDH55 : 119.25m (at) 1.15g/t Au, including 56.00m (at) 1.76g/t Au AND

- KDH55 : 39.75m (at) 1.81g/t Au, including 31.10m (at) 2.24g/t Au

- KRD56 : 66.00m (at) 1.16g/t Au, including 34.00m (at) 1.36g/t Au

- KRD57 : 94.00m (at) 1.21g/t Au, including 5.00m (at) 2.26g/t Au and 44.00m (at) 1.50g/t Au AND

- KRD57 : 81.00m (at) 1.02g/t Au, including 11.00m (at) 2.38g/t Au

- KRD58 : 42.00m (at) 0.78g/t Au, including 3.00m (at) 2.51g/t Au and 3.00m (at) 2.79g/t Au - KDH59 : 108.45m (at) 1.06g/t Au, including 45.35m (at) 1.25g/t Au and 18.75m (at) 1.95g/t Au

- KKRC32 : 22.00m (at) 0.67g/t Au, including 5.00m (at) 1.60g/t Au

Kevin Bullock, Volta's CEO, said, "Once again we have encountered widthsat better than expected grades from the KMZ zone. As we near completion of ourfirst drill campaign at Kiaka we can unequivocally state that the results haveconsistently exceeded expectations. We look forward to soon incorporating allof the results into our initial resource estimate, which will support ourplans to aggressively move to the next stage in developing Kiaka to itsultimate potential."
In order to appreciate the extent and geometry of the mineralization on the 5600N section, the results for the intersections for the six Volta holes are highlighted in Table 1 below and on the section in Figure 2. Analyses of the Volta samples were undertaken by fire assay on a 50g charge at ALS Chemex Laboratories in Ouagadougou. Volta's sampling and assay procedures included QA/QC elements that employed the inclusion of certified standards and blanks.

More.

Gold and Copper in Africa: Sunridge Gold Expands Mineralization at the Debarwa Deposit, Asmara Project, Eritrea SGC.v, NGQ.to, NSU.to, GG, ABX, FCX,

Stock now is building the base still under fear over UN sanctions.

"Nevsun Resources Ltd. ("Nevsun") is pleased to advise that it has arranged a non-brokered private placement financing of 52,000,000 common shares at Cdn $2.25 per share for Cdn$117 million (US$110 million).

It is a very encouraging news for Eritrea - after UN sanctions all Juniors involved in the counter were under pressure. In a long perspective it will be very positive development for Sunridge Gold SGC.v and new parent company of former Sanu Resources SNU.v - Lukas Lunding global exploration play NGeX Resources NGQ.to which is now trading below recent financing, when Lukas Lundin has increased his holding in the company."

"Sunridge Gold Corp. (SGC-TSX-V) is a junior company that has successfully defined four independently estimated 43-101 mineral deposits on the Asmara Project, Eritrea in East Africa. A positive scoping study on the large Emba Derho copper-zinc-gold deposit was completed in June 2009.The four deposits have total indicated 43-101-resources containing:
1.28 billion pounds. of copper,
2.5 billion pounds of zinc,
1.05 million ounces of gold, and
31.2 million ounces of silver Sunridge recently entered into a strategic partnership with Antofagasta Minerals S.A. whereby Antofagasta has agreed to fund US $10,000,000.in exploration work on areas of the Asmara Project and has become the Company's largest shareholder through a US $5.0 million private placement.
Management: Sunridge is managed by an experienced team with a successful track record of discovery and development of precious and base metals projects with companies such as Bema Gold and Nevsun Resources."

We have not seen these kind of Copper grades for a while from our time with Tenke Mining in Congo. Results are very encouraging and stock is trading still on fears about UN sanctions. Nevsun Resources proceeds with its project and now is fully financed - it will be the catalyst to Sunridge Gold reavaluation. Here we have an another example of political risk vs technical one.

Thu Feb 25, 2010

Sunridge Gold Expands Mineralization At The Debarwa Deposit, Asmara Project, Eritrea

Sunridge Gold Corp. (SGC/TSX.V) is pleased to report that results from the recently completed thirty-five drill holes at the 100% Sunridge owned Debarwa copper-gold-zinc volcanogenic massive sulphide (VMS) project has expanded the envelope of mineralization both down dip and along strike to the south. Additionally, a new eastern limb to the Debarwa deposit has been discovered and the drilling has demonstrated that the Debarwa deposit remains open in several areas. Debarwa Highlights:
Results from drill holes DEBD-092, DEBD-095 and DEBD-113 show the high-grade copper supergene intercept to be significantly wider than predicted and drill hole DEBD-095 extended this zone about 20 metres further down-dip.
Drill holes DEBD-093, DEBD-094 and DEBD-121 successfully intercepted high-grade copper supergene mineralization in the Debarwa South zone located approximately 400 metres south of the main Debarwa zone.
Drill holes DEBD-098 and DEBD-103 intercepted a previously unknown limb located 100 to 200 metres to the east of the main Debarwa deposit.
Drill holes DEBD-100, 108, 110, 111, 112, 118, and 119 expanded the primary mineralization to depth which remains open to depth.
Drill holes DEBD-122 and DEBD-123 extended the strike length of the Debarwa deposit by approximately 200 metres beyond any previous drilling to the south and the zone remains open to the south. See map at the end of this document. Debarwa Assay Highlights:

DEBD-092: 36.75 metres grading 4.82% copper and 1.12 g/t gold, including 15.67 metres grading 10.21% copper and 2.01 g/t gold

DEBD-093: 24.00 metres grading 1.13% copper

DEBD-094: 26.15 metres grading 3.77% copper including 14.15 metres grading 6.26% copper

DEBD-095: 7.62 metres grading 4.62% copper

DEBD-111: 4 metres grading 1.09% copper, 9.33% zinc and 2.72 g/t gold

DEBD-112: 11.16 metres grading 1.15% copper, 2.82% zinc and 2.48 g/t gold.

DEBD-113: 6.7 metres grading 13.42% copper, 2.63 g/t gold, and 49.21 g/t silver.

DEBD-114: 9.40 metres grading 2.11% copper, 1.91 g/t gold, and 142.77 g/t silver.

DEBD-121: 7.50 metres grading 3.33% copper.

Michael Hopley, President and CEO of Sunridge comments that "The drilling results from Debarwa are very encouraging and they will undoubtedly increase the existing resources which should have a very positive influence on the scoping study that we plan to start next month".

A summary of significant assay results are as follows and see attached map for location:

In the existing resource at Debarwa the copper supergene zone has an average grade of 5.36% copper using a 1% copper cut-off, and is estimated to contain 158 million pounds of copper in the Indicated category. The primary zone at Debarwa has not had significant delineation drilling in previous programs and is open for expansion at depth and along strike. The primary zone has an average grade of 2.53% copper with 3.23% zinc in the Indicated category using a 1% copper cut-off. (see the resource statement below).

DAERO PAULUS UPDATE:The drill program at Daero Paulus copper target funded by Antofagasta Minerals S.A. is continuing and the current phase is expected to be completed in a few weeks. To date, approximately 2,000 metres in 6 drill holes have been completed and results are expected in 6 weeks.

NOTES:
A Quality Assurance/Quality Control program was part of the drilling program on the Debarwa deposit. This program includes chain of custody protocols as well as systematic submittals of standards, duplicates and blank samples into the flow of samples produced by the drilling.
Samples from the drilling were prepared at African Horn Testing Services (Eritrea) and analyzed at Genalysis Laboratories (a NATA registered laboratory) in Perth, Western Australia and also at ALS Chemex Laboratories in Romania.
True thickness is estimated at approximately 90% of the drill intervals reported in the table above.
The assay results from the Debarwa drilling have been reviewed by Michael J. Hopley the Qualified Person for Sunridge. Mr. Hopley is also the person responsible for preparation of the technical information contained in this news release and is President and Chief Executive Officer of Sunridge.

ABOUT SUNRIDGE:

Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea and exploration properties in Madagascar. Sunridge has approximately 76 million shares outstanding and approximately $6.5 million in cash. Sunridge trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please view the slide show on our website at www.sunridgegold.com or call Don Halliday or Greg Davis at the numbers listed below.SUNRIDGE GOLD CORP."Michael Hopley" Michael Hopley, President and Chief Executive Officer

Gold in Africa: Nevsun Resources Ltd.: $117 MILLION PRIVATE PLACEMENT BISHA FINANCE OVERHANG REMOVED NSU.to, SGC.v, NGQ.to, HUI, XAU, CDNX, GDL, GDX,

"We have mentioned before about Gold Sell signal and suggested that there will be a time to accumulate Juniors, which will provide more upside opportunities with another Leg Up in the gold market."

It is a very encouraging news for Eritrea - after UN sanctions all Juniors involved in the counter were under pressure. In a long perspective it will be very positive development for Sunridge Gold SGC.v and new parent company of former Sanu Resources SNU.v - Lukas Lunding global exploration play NGeX Resources NGQ.to which is now trading below recent financing, when Lukas Lundin has increased his holding in the company.

February 04, 2010

Private Placement

VANCOUVER, BRITISH COLUMBIA -- Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) -
Highlights
$117 MILLION PRIVATE PLACEMENT (US$110 MILLION)
BISHA FINANCE OVERHANG REMOVED
Nevsun Resources Ltd. ("Nevsun") is pleased to advise that it has arranged a non-brokered private placement financing of 52,000,000 common shares at Cdn $2.25 per share for Cdn$117 million (US$110 million). The private placement is scheduled to close on or before February 19, 2010 and is subject to certain conditions, including the receipt of all necessary regulatory approvals. The net proceeds from the offering will be used for Bisha mine development and general working capital purposes.
The Company is confident the funds from this private placement, together with its existing cash and the ongoing one-third contribution by the State of Eritrea to Bisha will be sufficient to see the Bisha project through to cash positive operations. The funding arrangements are in excess of estimated costs to complete so as to provide a reasonable cushion in the event of unforeseen events.The Eritrean National Mining Corporation (ENAMCO) has reliably provided its one-third contributing share of financing to Bisha as the project has progressed. In addition the State continues to provide overall support for a responsible mining industry that is in the early stages of development within the country.
The change in approach to the funding of the Bisha project is to ensure the project continues on schedule. While Bisha had already completed project debt agreements with European and South African lenders, these debt facilities have not yet been drawn because the European lenders required the German government's support via its UFK scheme (effectively a partial guarantee to European lenders). The Company regrets that the European lenders and German government have been unable to follow through within our time requirements. The South African lender recently reconfirmed the availability of project debt (refer to Nevsun news release dated January 14, 2010) however it became apparent very recently that access to the debt in our time frame was uncertain. The Company and ENAMCO have concluded that the debt facilities are sufficiently unreliable and inconclusive for our project.
The Company has taken a prudent business approach to secure funding needed to complete the Bisha project on schedule and has no practical alternative but to proceed without the debt providers. While the Company would have preferred to stay with a leveraged project, the higher priority is to get the project built and producing cash. Due to the very robust nature of the project and assuming recent metals prices, the payback to the Company is now expected to be under one year.
As advised in news releases during January, the project is very well advanced (approaching 50% complete) and costs are re-estimated to be approximately $260 million, close to the original budget of approximately $250 million.
The securities being offered in the non-brokered private placement have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act"), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act or an exemption therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States.
Forward Looking Statements: Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: the closing date of the announced private placement, the total value of the private placement, the adequacy of funding for development of the Bisha project and the continuing availability of funding from the State of Eritrea. Forward-looking statements in this release include statements regarding future dates, plans for proceeds, expected costs to complete, percentage of completion and pay-back period using recent metals prices. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
NEVSUN RESOURCES LTD.Cliff T. DavisPresident & Chief Executive Officer"

Gold and Copper: NGEx Announces Updates on South American and Eritrean Drill Programs NGQ.to, TNR.v, NSU.to, AUY, ABX, LUN.to, BVN, GG, SSRI, SLW,

"Lukas Lundin looks like missing from our Lithium and REE fever: we can hardly call it an "exposure" via his holdings in Canada Zinc Metals CZX.v after investing in TNR Gold TNR.v"

"We expect Lukas Lundin to storm the junior space back with his troops. He was out of the picture for a while and put his exploration ambitions on hold consolidating Canadian Gold Hunters CGH.to, Suramina Resources and Sanu Resources. He has grown up fast first in size of the controlled assets and status of Major League by Lundin Mining and then was hit with problems followed - he was busy saving them after the crash. But now we have a few signs of his team coming back into the junior M&A market space and we would like to speculate whether it could lead to any catalyst in juniors we are following."

With this Global Exploration vehicle of Lukas Lundin group it is easier to tell where they do not have projects than where they have. NGEx Resources presented in South and North Americas and in Africa.

In Argentina Company has a few J/V deals and properties with TNR Gold TNR.v. Results from Jose Maria will be important for Batidero property under option from TNR Gold.

NGEx has recently raised capital and the most important news is that Lukas Lundin has increased his position in the company via his family investment vehicle Zebra Holdings. We are always following smart money and companies where insiders are holding a significant stake and are increasing their positions.

"TNR Gold investor acquires five million more units
2009-12-23 18:44 ET - News Release
Mr. Kirill Klip reports
TNR EARLY WARNING REPORT
Kirill Klip has acquired through a private placement, directly or indirectly, five million units at a price of 30 cents per unit of TNR Gold Corp. Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles Mr. Klip to purchase an additional common share at a price of 40 cents, up to and including Dec. 17, 2011. The common shares of TNR are listed on the TSX Venture Exchange. Assuming full exercise of the warrants, Mr. Klip would hold a 22.46-per-cent interest in TNR.
As stated in Stockwatch on Feb 25, 2009, Mr. Klip owned, or exercised control or direction over, an aggregate of 14,250,500 common shares, 975,000 warrants and 950,000 stock options, and a $150,000 principal amount debenture and associated warrants. Assuming conversion of the $150,000 principal amount debenture and exercise of the associated warrants, together with Mr. Klip's warrants and stock options, TNR had 85,486,983 common shares outstanding of which Mr. Klip would exercise control or direction of a 25.94-per-cent interest."

Now with recent news in Lithium sector Argentina promise the hot Summer in that part of the world, but do not discount solid Gold and Copper and we are looking for the results from announced exploration programs.

NGEx investor Zebra buys five million more shares
2009-12-23 19:39 ET - News Release
Mr. Aksel Azrac of Zebra Holdings reports
ZEBRA HOLDINGS & INVESTMENTS S.A.R.L.: CORPORATE UPDATE-NGEX RESOURCES INC.
Zebra Holdings and Investments SARL, on Dec. 21, 2009, purchased three million common shares of NGEx Resources Inc. at a price of 70 cents per share, through the facilities of the TSX Venture Exchange and purchased two million shares of the company pursuant to a private transaction. Prior to the purchase of the shares, the offeror owned 10,411,841 common shares and an investment company acting jointly with the offeror owned 5,615,400 common shares of the company, representing approximately 10.91 per cent of the company's issued and outstanding share capital. The offeror and the joint actor now own and have control over a total of 21,027,241 common shares of the company, or approximately 14.32 per cent of the issued and outstanding shares of the company. The offeror relied upon the accredited investor exemption provided for in Section 2.3 of National Instrument 45-106 in connection with the issuance of two million of the five million common shares."

NGEx Announces Updates on South American and Eritrean Drill Programs

Press Release Source: NGEx Resources Inc. On Tuesday January 19, 2010, 3:35 pm EST

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2010) - NGEx Resources Inc. (TSX:NGQ - News; 'NGEx' or the 'Company') is pleased to report on its drill programs currently underway in Chile and Eritrea. The Company's 2010 drill program at its Los Helados project located in Region III, Chile started on January 14, 2010 at site I (to see photo please click on: http://us.lrd.yahoo.com/_ylt=AswKZuVE5V_pYRj3k5PxmUqtcq9_;_ylu=X3oDMTE2YTJoZXNrBHBvcwMzBHNlYwNuZXdzYXJzdGFydARzbGsDaHR0cG1lZGlhM21h/SIG=11ipio592/**http%3A//media3.marketwire.com/docs/ngq119a.jpg). The planned program will consist of approximately 3,800 meters in 6 or 7 holes. Drilling is planned to follow up on encouraging results obtained in DDH 04 drilled in 2009 which intersected 762 meters of 0.43% copper and 0.22 g/t gold, including 343 meters of 0.58% copper and 0.21 g/t gold. The drilling will target a 1 kilometre long chargeability anomaly that lies to the north of previous drilling. Outcrops above the anomaly contain potassic alteration, stockwork veining and local copper sulphides. The drill program is expected to take approximately two months. Los Helados is part of the Company's joint venture with the Japan Oil, Gas and Metals National Corporation (JOGMEC). JOGMEC holds a 40% participating interest in Los Helados.
Drilling at the Company's nearby Josemaria project concluded in mid-December, 2009. Seven diamond drill holes totalling 2,253 meters tested possible extensions of the Josemaria resource. Results are expected toward the end of January, 2010.
The Company also has a drill program underway in western Eritrea that is targeting volcanogenic massive sulphide targets on its Mogoraib and Kerkebeit licenses. Drilling will test additional targets at the Koken Prospect where initial drilling in 2008 intersected encouraging results; possible extensions to the Hambok deposit identified by a gradient IP survey conducted in November, 2009 (to see map please click on: http://us.lrd.yahoo.com/_ylt=ApC35xY5MGLkxqdeh1rIoUGtcq9_;_ylu=X3oDMTE2OWh2ZWsxBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cG1lZGlhM21h/SIG=11idv5u0k/**http%3A//media3.marketwire.com/docs/ngq119b.jpg).
Drilling is also underway to test a new mineralized gossan known as the Aradaib prospect that was identified by prospecting (to see photo please click on: http://us.lrd.yahoo.com/_ylt=Ai1af2wHCCu6h2wvpT.s5watcq9_;_ylu=X3oDMTE2M2xsajZuBHBvcwMyBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cG1lZGlhM21h/SIG=11idniojr/**http%3A//media3.marketwire.com/docs/ngq119c.jpg). Initial work identified 350m of discontinuous strike exposure of the gossan. Of twelve rock chip samples taken, ten returned anomalous gold values (100 to 350ppb) with two assaying 4.1 and 8.9gpt, five had Cu values greater than 1000ppm, and two had Pb greater than 1000ppm. Zn is moderately anomalous in all of them.
Aradaib Gossan
Dr. Wojtek Wodzicki, P. Geo. (BC), President and CEO of NGEx, a Qualified Person as defined by National Instrument 43-101, has review the technical contents of this release.
On behalf of the Board,
Dr. Wojtek Wodzicki, President and CEO"