Dividend yield is now almost 15% on this oil stock.

Pump and dump must be going on again. Received 4 spam emails this evening.

Don Coxe held an unscheduled conference call today.

Century Mining calls criminal charges against exec in Peru 'desperate smear'
Wed Jun 13, 6:42 PM

By Craig Wong

VANCOUVER (CP) - Century Mining Corp. (TSXV: CMM.V) says one of its senior executives is facing criminal charges recently levied by a rival company in Peru that is challenging Century's recent purchase of a gold project in the South American country.

Century said late Wednesday its unnamed executive faces charges pressed by Sulliden Exploration Inc. (TSX: SUE.TO) for signing agreements this spring to buy Minera Algamarca S.A. and Exploraciones Algamarca S.A., two companies that owned the Shahuindo gold project.

Century said the charges reflect "desperate measures" it claims are "designed to distract Sulliden shareholders from the weakness of Sulliden's legal position in the ongoing dispute concerning title to the Shahuindo property."

Blaine, Wash.-based Century, which is run by former Royal Oak Mines CEO Margaret Kent and trades on the TSX Venture Exchange, said in May it had bought 100 per cent of the Shahuindo gold project in northern Peru for US$31 million.

"We believe this to be another desperate smear tactic by Sulliden whose case to win Shahuindo is weak and fading," CEO Kent said in a release.

"Century's intention is to build a mine at Shahuindo; Sulliden appears focused only on launching warfare in the courts."

Montreal-based Sulliden's rights to the property are in dispute and the subject of extensive litigation in Peru.

Sulliden said it bought the property from Compania Minera Algamarca SA in 2002, but that the company's new shareholders claim that the sale agreement is invalid. Algamarca, which was acquired by Attimsa, took legal action in Peru.

Century Mining acquired the Shahuindo gold project in May as well as an option to buy the mining concessions and surface rights surrounding Shahuindo, called the Atimmsa project, for US$21 million.

Century said at the time that after a thorough legal review of the disputed title to the Shahuindo project, the company and its advisers believe the companies it is buying are the rightful owners of the properties and associated surface rights.

Century said it has also taken the additional steps necessary to acquire the surrounding mining concessions and surface rights to be well-positioned to further develop the project. As part of the transaction, the selling group will continue to manage the ongoing litigation in the Peruvian court system.

Sulliden did not issue any statement Wednesday on the dispute. But in a release May 30, Sulliden reported "continued success and progress" in its legal battle over the Shahuindo prospect, saying two different courts had dismissed challenges against the company's ownership of the project and the Peruvian Supreme Court had upheld an appeal by the Montreal miner.

"These recent victories further support Sulliden's opinion that the Shahuindo legal dispute will be resolved in Sulliden's favour," the company said.

Sulliden, a junior miner, has exploration and mine development interests in Ontario, Quebec and Peru.

Founded in 2003, Century Mining owns the Sigma-Lamaque complex in Val d'Or, Que., the dormant Carolin gold mine in southwestern British Columbia and precious metals exploration projects in the Alaska Juneau gold belt. In Peru, Century owns an 82.6 per cent interest in the San Juan Mine and recently bought the Rosario de Belen gold and silver mine.

When it acquired the project, Century Mining said the Shahuindo mine could be operating as early as the fourth quarter of 2009, with gold equivalent production of 125,000 to 150,000 ounces of gold a year.

In trading on the TSX on Thursday, Century shares fell three cents to 81 cents, a drop of 3.6 per cent. Sulliden stock fell half a cent to 49 cents.

FIRST MAJESTIC SILVER CORP. (TSX VENTURE:FR)(PINK SHEETS:FRMSF)(FRANKFURT:FMV) (the "Company")
is pleased to announce the financial results of the Company's first quarter
ending March 31st, 2007. The full version of the financial statements can be
viewed on the Company's web site at www.firstmajestic.com or on SEDAR at
www.sedar.com. The following are highlights only from the first quarter
financial results of the Company and shareholders or interested parties are
encouraged to review the complete statements for further details.

Overall Operating Performance and Highlights

- As of the date of this report, silver producing operations of the Company are
carried out through three operating segments being the La Parrilla Silver Mine,
the La Encantada Silver Mine, and the San Martin Silver Mine. This period
marked the first full quarter of operations in which all three mines operated
under the First Majestic umbrella.

- Sales revenue for the quarter ended March 31, 2007, increased significantly
to $10,158,621 representing a 24.8% increase from the prior quarter's revenues
of $8,138,284, and a 1,415% increase from the same quarter revenues ended March
31, 2006 of $671,435.

- Mine earnings (cash basis) for the quarter ended March 31, 2007 increased to
$3,375,730 representing a 1,165% increase from the prior quarter's mine
earnings of $266,767, and an increase of 4,432% from mine earnings of $74,486
for the quarter ended March 31, 2006.

- The average realized silver price was $15.00 (US$12.80) per ounce of silver
for the three months ended March 31, 2007, compared to $13.70 (US$12.03) per
ounce for the quarter ended December 31, 2006 and $10.06 (US$8.72) per ounce
for the quarter ended March 31, 2006.

- For the quarter ended March 31, 2007, the Company's three operating mines
produced a combined 753,442 ounces of silver equivalent at a cash cost of
$10.02 (US$8.55) per ounce of silver which consisted of 719,993 ounces of
silver, 519 ounces of gold and 327,818 pounds of lead. Production for the
quarter increased by more than 31% compared to the prior quarter's production
of 574,704 ounces of silver equivalent, and was an increase of 1,290% over the
59,329 ounces of silver equivalent produced in the quarter ended March 31,
2006. Of the silver produced in the period, a total of 677,241 equivalent
ounces was sold at an average sales price of $15.00 in the quarter (US$12.80),
and an average cost to produce of $10.02 (US$8.55); the balance remained in
inventory at the end of the quarter.

- Average cost of production per ounce of silver has been reduced by 27% from
$13.70 (US$12.03) for the six month transitional period ended December 31,
2006, to $10.02 (US$8.55) for the three months ended March 31, 2007. The
Company does not reduce its costs of production by other metal credits for
silver equivalents, and has chosen to recognize the credits in revenues of the
period in which the silver equivalents are sold.

- On March 20, 2007, the Company completed the acquisition of Minera La
Encantada S.A. de C.V. ("La Encantada"), a Mexican mining company whose primary
asset is the La Encantada Silver Mine located at the Coahuila State in Mexico.

- Subsequent to the period end, the Company completed a private placement of
special warrants for gross proceeds of $34,415,000. A total of 6,883,000
special warrants were sold at a price of $5.00 per special warrant through
Cormark Securities Inc. (formerly Sprott Securities Inc.) and CIBC World
Markets Inc. (as co-lead underwriters) and Blackmont Capital Inc.

- The loss before income taxes increased by $1,143,665 to $2,139,663 for the
three months ended March 31, 2007, compared to $995,998 for the three months
ended March 31, 2006, due to the higher amortization, depreciation and
depletion, and additional operating costs resulting from the extreme growth
experienced between this period and the same period in the prior year.

- The net loss after taxes increased to $3,061,899 ($0.06 per share) from
$995,998 ($0.03 per share) due primarily to the additional amortization,
depreciation and depletion, and additional operating expenses being experienced
as a result in the large scale growth in the Company from $25.5 million in
total assets to $189.7 million in total assets. The growth experienced is as a
result of acquiring First Silver, La Encantada and Desmin, as well as the large
investments in expansion capital at the La Parrilla mine and mill. By way of
comparison, the Company presently has three producing mines with a total
operating capacity of 2,600 tonnes per day, whereas on March 31, 2006, only one
mine was operating, the La Parrilla Silver Mine which had a capacity of 180
tonnes per day.

Management is very encouraged by these positive results from operations. Mr.
Neumeyer, President, stated; "This is our first quarter where we have had all
mines operating to the credit of our own accounts and even though there is
still much room for improvement, we are pleased with the direction in which the
Company is moving. A lot of work is going into increasing production levels and
lowering costs which we anticipate will become more evident over the coming
quarters."

First Majestic is a producing silver company focused in Mexico and is
aggressively pursuing its business plan to become a senior silver producer
through the development of its existing assets and the pursuit through
acquisition of additional assets that contribute to achieving its corporate
growth objectives.

FIRST MAJESTIC SILVER CORP.

Keith Neumeyer, President & CEO

MacMillan Gold Exploration Update
12:22 EDT Tuesday, May 15, 2007


TORONTO, ONTARIO--(CCNMatthews - May 15, 2007) - George A. Brown, President & CEO of MacMillan Gold Corp. (TSX VENTURE:MMG) is pleased to provide this Mexico exploration update. The Company is currently working on diamond drill hole number 7 of the 13 holes planned at the La Mus Gold and Silver Project in Sinaloa, Mexico. The following table provides a summary of the holes to date:


Hole # Depth in Metres # Samples Date Shipped
--------------------------------------------------------------
1 160.1 142 March 26
2 181.0 144 April 17
3 84.0 73 April 25
4 157.2 126 May 2
5 120.0 99 May 11
6 175.65 TBA TBA


Assay results from Hole #1 have been received and compiled. Several drill intercepts have reportable values as noted in the table below:

From To Estimated Total g Ag
metre metre Width True Width g Au/t g Ag/t Equivalent/t(i)
---------------------------------------------------------------------------
8.65 19.85 11.20 10.08 0.350 88.2 105.7
including 13.70 18.90 5.20 4.68 0.446 118.1 140.4
38.70 39.00 0.30 0.27 0.730 17.8 54.3
45.80 47.10 1.30 1.17 1.432 15.1 86.7
50.55 51.90 1.35 1.22 0.896 18.9 63.7
89.30 89.90 0.60 0.54 0.609 101.8 132.3

(i)Note - Total g Ag Equivalent/t is the sum of the silver g/t plus the
gold converted to silver equivalent using an economic ratio of 50 to 1
based upon the approximate market values of gold to silver (i.e. Au
US$600 and Ag US$12 equals 50 to 1). Metallurgical recoveries and net
smelter returns are assumed to be 100%. These Equivalents should not be
interpreted as actual grades since the conversion ratio varies with the
volatile prices of gold and silver and the economic recovery of gold and
silver can vary significantly in actual extraction and processing.


The Company is encouraged by these early results, which indicate grades that are potentially economic (over 100 g Ag Equivalent/t) at shallow depth, which indicates potential for open pit extraction (starting at 8.65 metres from surface).

Drilling is being completed by Redrilsa Mexico S.A. de C.V. based in Zacatecas. Samples are split and logged by Company personnel at a secure location near the property. All samples are shipped to Inspectorate de Mexico S.A. de C.V. in Mexico for preparation and then forwarded to Inspectorate Precious Metals Inc. in Sparks, Nevada for assay. Blank and standard quality control/quality assurance samples are inserted into the sample stream. No appreciable assay discrepancies have been noted.

The Company intends to mobilize the drill to the El Zafiro gold property in the state of Sinaloa as soon as the current La Mus drill program is completed. Exploration programs are currently underway at the La Cucharas Gold Property and at the Realito Silver Property with the purpose of advancing both to the drill ready stage so that the Company can immediately initiate a drill program at one of these properties at the completion of the El Zafiro drill program. MacMillan Gold is adequately funded for the entire current 2007 exploration budget of $2,000,000.

Mr. William Hamilton, P.Geo. and Manager of Exploration is a Qualified Persons under the meaning of Canadian National Instrument 43-101 and is responsible for all technical information contained in this news release.

MacMillan Gold Corp. is a Canadian resource company listed on the TSX Venture Exchanges: Symbol "MMG"

FOR FURTHER INFORMATION PLEASE CONTACT:

MacMillan Gold Corp.
George A. Brown
President & CEO
(416) 867-1101
(416) 867-1222 (FAX)
Email: macmillangold@ca.inter.net
Website: www.macmillangold.com

PrimeWest Energy Trust and Shiningbank Energy Income Fund Announce Merger
Thursday, May 10, 2007



PrimeWest Energy Trust ("PrimeWest") (TSX:PWI.UN)(TSX:PWX)(TSX:PWI.DB.A)(TSX:PWI.DB.B)(TSX:PWI.DB.C)(NYSE:PWI) and Shiningbank Energy Income Fund ("Shiningbank") (TSX:SHN.UN) are pleased to announce that their respective Boards of Directors have unanimously approved an agreement providing for the merger (the "Merger") of PrimeWest and Shiningbank into a single trust ("New PrimeWest") to be managed by a combination of the respective management and directors of both trusts. The new entity will continue to operate under the name PrimeWest Energy Trust.

Under the terms of the Merger, each Shiningbank trust unit will be exchanged for 0.62 of a PrimeWest trust unit on a tax-deferred rollover basis with the filing of appropriate election forms. Based on the May 9, 2007 closing price on the Toronto Stock Exchange of PrimeWest trust units, the exchange ratio reflects a value of $14.60 for each Shiningbank trust unit. Based on the 30 day weighted average trading prices on the Toronto Stock Exchange of PrimeWest and Shiningbank trust units, the exchange ratio reflects a 4.2% premium for each Shiningbank trust unit.

The transaction is subject to stock exchange, court and regulatory approval and other conditions that are typical of transactions of this nature, including approval by the holders of at least 66 2/3% of Shiningbank trust units represented in person or by proxy at a Shiningbank unitholder meeting and at least 66 2/3% of PrimeWest trust units represented in person or by proxy at a PrimeWest unitholder meeting.

A joint information circular regarding the Merger is expected to be mailed to unitholders of both PrimeWest and Shiningbank in early June 2007 for meetings expected to take place in mid July. The Merger is expected to close on or about July 11th, 2007 after the meetings, but no later than the anticipated first distribution record date of New PrimeWest on July 20th, 2007.

As a result, PrimeWest unitholders of record on June 22nd, 2007 will be entitled to receive the June PrimeWest distribution, expected to be payable on July 13th, 2007. Shiningbank unitholders of record on June 30th, 2007 will be eligible to receive the June Shiningbank distribution, expected to be payable on July 15th, 2007. Former unitholders of both PrimeWest and Shiningbank who are holders of record of New PrimeWest on July 20th, 2007 will receive the first distribution of New PrimeWest, expected to be payable August 15th, 2007.

Based on the combined first quarter results of PrimeWest and Shiningbank, New PrimeWest would have had production of approximately 66,000 BOE per day. Currently, PrimeWest and Shiningbank are each marketing the sale of approximately 1,000 BOE per day of non-core production and, with the completion of the Merger, approximately 2,000 BOE per day of additional production is planned for disposition, with the proceeds used to reduce debt and fund ongoing development activities.

BENEFITS OF THE MERGER

The proposed Merger is expected to be accretive upon closing to PrimeWest unitholders on a cash flow and production per unit basis, while providing Shiningbank unitholders an increase in reserves per unit, a 3.3% increase in monthly cash distributions and a longer reserve life index (RLI) increased to 11.5 years from 9.8 years.

The proposed Merger will create a larger gas-weighted trust positioned for development of a well-diversified asset base.

As one of the largest publicly traded oil and gas trusts, New PrimeWest will generate the following opportunities and benefits for unitholders of both PrimeWest and Shiningbank:

- New PrimeWest will have a larger suite of diversified natural gas and light oil assets, with a large portfolio of internal development opportunities:

-- Based on first quarter 2007 results, production of approximately 66,000 BOE per day allocated 70% to natural gas and 30% to crude oil and natural gas liquids;

-- Combined proved plus probable reserves of approximately 280 million BOE, excluding the impact of 2007 production, and development activities and acquisition and disposition activities;

-- Following the closing of the transaction, the combined entity will have an undeveloped land base of more than 1.1 million net acres, one of the largest undeveloped land bases in the oil and gas trust sector;

-- A multi-year suite of development opportunities now in excess of C$1.4 billion, reflecting the potential in the combined asset bases; and

-- Total 2007 capital expenditures for New PrimeWest of approximately C$250 million will be deployed to pursue attractive development drilling prospects and opportunities from both asset bases. This C$250 million does not include capital spent by Shiningbank prior to completion of the merger, which is forecast to be approximately $60 million by that time.

- Projected funds flow from operations, DRIP proceeds, and proceeds from dispositions are expected to be sufficient to adequately fund development activities for 2007 without the need for incremental debt, assuming a payout ratio of 60 to 75% of funds flow from operations. This transaction moves New PrimeWest towards a business model where future development capital spending and distributions are expected to be financed with funds flow from operations.

- Following the anticipated sale of approximately 4,000 BOE per day of non-core assets, the combined entity will have a strengthened balance sheet.

- One of the oil and gas trust sector's longest RLIs for proved plus probable reserves of 11.5 years.

- Greater concentration of interest in key operating areas.

- The levering of in-house technical skills from both PrimeWest and Shiningbank over the combined asset base, potentially achieving operating efficiencies with commensurate cost savings, and the identification of further internal development opportunities.

- Substantial reduction in per BOE G&A cost, based on operating synergies, and the integration of Calgary head offices.

- Greater weighting in the S&P/TSX Capped Energy Trust Index (rising from approximately 2.4% of this index to approximately 3.8% based on May 9th, 2007 closing prices), the S&P/TSX Capped Income Trust Index (rising from approximately 1.4% of this index to approximately 2.2% based on May 9th, 2007 closing prices), and the S&P/TSX Composite Index.

- Additional trading liquidity and enhanced access to capital derived from being listed on both the TSX and NYSE, and inclusion in the Morgan Stanley Capital International (MSCI) Canada Energy Index, incremental benefits not previously afforded to unitholders of Shiningbank.

CHARACTERISTICS AND GUIDANCE OF NEW PRIMEWEST

PrimeWest and Shiningbank view New PrimeWest as one of the largest and best-positioned natural gas focused trusts in Canada. New PrimeWest will have an operated, long life asset base primarily focused in West Central Alberta, Northeastern British Columbia, and the Williston Basin in the United States.

Upon closing of the Merger, New PrimeWest is anticipated to have the following key operating and financial characteristics:


New PrimeWest

2007 Exit Production (BOE per day) 59,000 (1)

Natural gas weighting (%) 70

Reserve life index (years) 11.5 (2)

Reserves P+P (mmBOE) 280 (3)

2007 Estimated Capital program (C$ millions) 250

Operating expenses (C$/BOE) 9.50 (4)

Net undeveloped land (thousands of acres) 1,118

Pro forma basic units outstanding (millions) 143.4

Pro forma enterprise value (C$ millions) 4,550 (5)


(1) Exit rate for year-end 2007 includes the impact of asset dispositions and reduction in combined capital spending.

(2) Based on 2006 year end reserves and production.

(3) Excludes the impact of 2007 production, capital development, or acquisitions and dispositions.

(4) Based on average 2007 full year estimate

(5) Enterprise value defined as market capitalization plus working capital deficit plus long term debt plus outstanding convertible debentures.

Donald A. Garner, the current President and Chief Executive Officer of PrimeWest Energy Trust will lead New PrimeWest. Further announcements regarding the appointment of the other executive officers of New PrimeWest will be made prior to closing of the Merger.

The Board of Directors of New PrimeWest will be comprised of Messrs. Harold P. Milavsky (Chair), Barry E. Emes, Harold N. Kvisle, Kent J. MacIntyre, W. Glen Russell and Peter Valentine, current members of the Board of Directors of PrimeWest, and Messrs. David M. Fitzpatrick (also the current President and Chief Executive Officer of Shiningbank), Robert B. Hodgins and Warren D. Steckley, current members of the Board of Directors of Shiningbank.

BOARD RECOMMENDATIONS

The Boards of Directors of both PrimeWest and Shiningbank have unanimously approved the Merger. National Bank Financial Inc. is acting as financial advisor to Shiningbank and has provided the Shiningbank Board of Directors with a verbal opinion that the consideration to be received by Shiningbank unitholders is fair from a financial point of view. The Shiningbank Board of Directors has unanimously concluded that the transaction is in the best interests of Shiningbank, and the Shiningbank unitholders, and has resolved to recommend that the Shiningbank unitholders vote their Shiningbank trust units in favour of the Merger. The Management and Board of Directors of Shiningbank have agreed to vote their trust units in favour of the Merger.

Similarly, the Board of Directors of PrimeWest has been provided with a verbal opinion from its financial advisors, GMP Securities L.P. and Scotia Waterous Inc., indicating that subject to review of the final documentation, the consideration to be offered pursuant to the Arrangement is fair from a financial point of view to the PrimeWest unitholders. The PrimeWest Board of Directors has unanimously concluded that the transaction is in the best interests of PrimeWest, and the PrimeWest unitholders, and has resolved to recommend that the PrimeWest unitholders vote their PrimeWest trust units in favour of the Merger. The Management and Board of Directors of PrimeWest have agreed to vote their trust units in favour of the Merger.

The terms of the Merger restrict PrimeWest and Shiningbank from soliciting or initiating any discussions regarding any other business combination or sale of material assets, contain provisions enabling each trust to match competing, unsolicited proposals and, subject to certain conditions, provides for a C$35 million termination fee.

JOINT CONFERENCE CALL

A joint conference call to discuss the Merger will be held on Thursday, May 10th, 2007 at 9:00 AM Mountain Daylight Time (11:00 AM Eastern). To participate please call 1-888-575-8232 or in the Toronto area (416) 641-6112. A recording of the call will be available until June 15th, 2007 by calling 1-800-408-3053 and entering confirmation number 3222535 followed by the number sign.

FORWARD-LOOKING STATEMENTS

Certain information set forth in this document including management's assessment of PrimeWest's, Shiningbank's and New PrimeWest's future plans and operations contains forward-looking statements. These statements relate to future events or performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "intend", "could", "might", "should", "believe", "would" and similar expressions. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties' control, including the impact of general economic conditions, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, volatility of commodity prices, currency and interest rate fluctuations, imprecision of reserves estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility, ability to access sufficient capital from internal and external sources and geological, technical, drilling and processing challenges. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The actual results, performance, or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits will be derived. PrimeWest and Shiningbank each disclaim any intention or obligation to update or review any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities offered have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and my not be offered or sale in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable states securities laws.

BOE EXPLANATORY REMARKS

References herein to "BOE" mean barrels of oil equivalent derived by converting gas to oil in the ratio of six thousand cubic feet ("mcf") of gas to one barrel ("bbl") of oil. BOE may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf:1 bbl is based upon an energy conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

FOR FURTHER INFORMATION PLEASE CONTACT:

PrimeWest Energy Trust
George Kesteven
Manager, Investor Relations
(403) 699-7367 or Toll Free: 1-877-968-7878

Email: investor@primewestenergy.com
Website: www.primewestenergy.com

LANGU GOLD AND MAE LAMA TUNGSTEN PROPERTY UPDATES

Amanta Resources Ltd.
(AMH - TSX Venture), ("Amanta") is presently active at two of its exploration
properties in Thailand; the Langu Gold property, where a 5,000 metre drilling
programme is in progress and the Mae Lama Tungsten property, where a limited
initial drilling programme has just begun.

Langu Gold Property
Amanta holds four contiguous Special Exploration Licences (SPLs) at its Langu
Gold Property, in Satun Province, southern Thailand, covering approximately 57
sq. km. Two of the SPLs were granted in 2004, the other two followed in 2006.

The geology of the area is dominated by Devonian continental and deep sea
marine sediments with dominant fault directions NW and EW and north-south
folding axes. The presence of gold in the area was first discovered in 1999 at
an abandoned stibnite (antimony) quarry, the Discovery Quarry, in the north of
the company's present licence area. Channel samples along outcropping
mineralized rocks returned an average grade of 20 g/t gold, over a length of
approx. 20 metres, in an outcrop in the quarry wall. Grab samples from the area
of the previous stibnite operation yielded assays up to 160 g/t.

In late-2005, Amanta conducted a limited shallow reconnaissance drilling
programme (up to 90 m deep) in the vicinity of the Discovery Quarry. While the
outcropping high grades were not intersected at depth, several holes
intersected lower grade mineralization, with the best intercept being in drill
hole LNG 02, a 75 metre deep drill hole located between the Discovery Quarry
and the Discovery South target, which intersected a gold mineralized interval
of 2.9 g/t Au, over 3.4 metres, at a depth of approx. 30 metres. This hole also
had two other mineralized intervals, each of 1.5 metres and grading 0.2 g/t Au.

Amanta has since completed extensive mapping, rock and soil sampling and
geophysical programs over approximately half of the present project area (the
area of the two original SPLs), resulting in the identification of a 6,000
metre anomalous gold trend and the delineation of a number of priority drill
targets. High grade outcrops were discovered 2000 metres south of the Discovery
quarry, where grab samples of up to 160 g/t Au were collected at surface, and
in several locations along the trend where trenches encountered significant
gold grades at shallow depth. One trench at the May target included 40 metres
at a grade of 1.4g/t Au, including 8 metres at 3 g/t Au, while a trench at the
Discovery South target yielded 4 metres at a grade of 15g/t Au.

Gold mineralization occurs mainly as stratiform sediment hosted replacement
style closely associated with decalcification and partial replacement of
calcareous shale by silica. The type of gold mineralization may be described as
"Carlin-style" and is similar to such deposits in China.

Amanta is presently completing a 5,000-metre drilling program, comprising an
estimated 30 HQ cored holes, designed to test several identified targets over
the present Langu gold trend. Drilling commenced in the northwest area of this
trend (the May target) and is proceeding from north to south. To date, a total
of nine drill holes have been completed, with depths ranging from approximately
180 to 300 metres. Assays are now available for these, comprising the initial
programme in this target area.

These nine widely spaced holes, totaling 1616 metres, have been completed over
an area of approximately one sq km which is structurally offset to the west of
the main Langu anomalous gold zone. The first five holes were aimed at
systematically intersecting IP chargeability anomalies, at sections 200 metres
apart, in order to examine the validity and the meaning of these anomalies.

Each of these holes intersected wide intervals of sulphide mineralized material
in which the sulphides generally accounted for up to 5%, and sometimes 10%, of
the rock volume. Drill hole LNG 13, encountered an 11 metre intercept anomalous
in gold with an average grade of just below 0.1 g/t Au. This occurrence will be
further explored at a later date.

Drill holes LNG 15 and LNG 17, drilled along the same strike and with the same
azimuth, were aimed at intercepting at depth the shallow mineralization
encountered in trenching. Each hole intersected a two to three metre thick
steeply dipping mineralized zone with values of 3 meters @ 1g/t Au at a depth
of 70 metres in drill hole LNG 15, and of 2 meters @ 0.25 g/t Au at a depth of
41 metres in drill hole LNG 17. In addition, drill hole LNG 15 returned an
intercept of 5 metres @ 0.35 g/t Au from 108 to 113 metres, including 2 metres
@ 0.7 g/t Au from 111 to 113 meters.

The mineralized material is a pyrite rich brecciated silicified mudstone and
could be the upper part of a 'feeder' zone. The Company is very encouraged by
these initial results at the May target area and will further evaluate the
mineralized system, at greater depths, in the ongoing exploration programme.

Following the completion of the initial programme in the May area, drilling has
now commenced in the target area known as Discovery South, located approx 2 km
south of the Discovery Quarry. Major gold indications in this area include a
four metre trench intercept @ 15 g/t Au and the occurrence of visible gold in
another small stibnite pit. In this same pit, two high grade grab samples
returned 160 g/t Au.

Upon completion of its recently announced financing, Amanta plans to contract
an additional 5,000 metres of core drilling at Langu. Additional funds will be
also be allocated to evaluate the area of the two recently-granted SPLs,
including geochemical and geophysical programmes and subsequent drilling of
identified targets.

Mae Lama Tungsten Property
Amanta holds the exploration and development rights to the Mae Lama tungsten
property, in Mae Hong Son province, northern Thailand, under an agreement with
the present Mining Licence holders. A limited drilling programme has now
commenced at the property.

Mae Lama was the scene of one of Thailand's more prolific tungsten producers
until declining tungsten prices led to its closure in the mid-1980s. Production
was from wolframite contained in a quartz vein (the Mae Lama vein) with a
reported mining head grade in excess of 2% WO3.

Amanta proposes to test this vein below the extent of the previous open-pit
operations, as well as examine the potential of a number of quartz veins which
run approximately parallel to it. These 'parallel' veins have never been mined
but historic test pitting results obtained from the Geological Survey
Department indicate a 1000 x 300 meters wide surface zone, having assay values
above 0.1% WO3 in eluvial material. Amanta is presently conducting a
confirmation programme of these surface results.

Upon completion of these initial programmes, pending the company's review of
all available Mae Lama data and records, and the extension to the existing
Mining Licence, the company proposes to move the drill rig to the Langu Gold
property to accelerate the drilling programme at that project.

Pieter Bakker (Director, COO - Amanta Resources Ltd.) has verified geological
Information contained within this report. Mr. Bakker satisfies the requirements
of a Qualified Person as defined in the National Instrument 43-101 (Standards
of Disclosure for Mineral Projects).

Amanta Resources Ltd. is focused on mineral exploration, development and
production in Thailand and the Southeast Asian region. The Company concentrates
on the systematic evaluation of known mineral occurrences, rather than
"greenfields" exploration, creating early opportunities to finance and develop
mines.

ON BEHALF OF THE BOARD OF
AMANTA RESOURCES LTD.

"Patrick Cauley"

Patrick Cauley, VP, Chief Financial Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this News Release.


For more information, please contact Patrick Cauley
Tel. 604-730-9505, email: info@amantaresources.com


AMANTA RESOURCES LTD.
TSX Venture Exchange: AMH
1080 - 789 West Pender St.,
Vancouver, BC V6C 1H2




Source: The Richmond Club www.richmondclub.com / Amanta Resources Ltd.
www.amantaresources.com
Maximum News Dissemination by Filing Services Canada Inc.
Ph: (403) 717-3898 Fx: (403) 717-3896 www.usetdas.com

Silver Production Increases by 38%


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 24, 2007) - FIRST MAJESTIC
SILVER CORP. (TSX VENTURE:FR)(PINK SHEETS:FRMSF)(FRANKFURT:FMV)(WKN:A0LHKJ)
(the "Company") is pleased to announce that silver production in the first
quarter ending March 31st, 2007 has increased by 38% over the prior quarter to
792,196 equivalent ounces of silver which is also an increase of 1358% over the
same quarter ending March 2006. The increase in production is due to a 104%
increase in production at the Company's flagship La Parrilla Silver Mine, and
the two additional acquisitions, the San Martin Silver Mine, and the La
Encantada Silver Mine completed in the quarter ending September 2006, and
December 2006 respectively.

The equivalent silver production for the quarter consisted of 719,993 ounces of
silver, 532 ounces of gold and 339,512 pounds of lead. Significant underground
development is continuing at all three mines in addition to the improvements
and upgrades being carried out at each mill. This ongoing program of
enhancements will continue for the balance of the year and is focused on
increasing the Company's silver production in each of the following quarters.

Resource development at the La Parrilla is meeting Company targets with the use
of six diamond drill rigs which in this quarter completed 7,213 metres of
drilling over 26 holes. In the Company's present NI 43-101 report published in
February, which had a cut off of December 31st, 2006, included assays of only
100 holes in the present resource estimate. As of April 15th, a total of 35,613
metres have been drilled over 133 holes. A new updated resource estimate is
anticipated to be published by the end the present quarter.

In addition to the ongoing diamond drill program at the La Parrilla, which is
designed to increase resources and assist in production, 1481 metres of
underground development and drifting has been completed. The Company is
presently mining from La Rosa-Rosario, Quebradillas and San Marcos areas and is
developing the new La Blanca area which appears to be a large disseminated
structure.

As well, the San Juan Silver Mine which is now 100% owned by the Company
located near Chalchihuites, is presently being developed and mined.
Approximately 50 tonnes of high grade ore per day is being shipped to the La
Parrilla mill which is 50 kilometres away from the San Juan.

At the San Martin Silver Mine, First Majestic in the quarter completed 1436
metres of diamond drilling which included 653 metres of drilling from surface
over three holes and 783 metres of drilling from underground, which included 13
holes. In addition 1898 metres of underground development has been completed.
The focus of this quarter has been to access upper levels in the mine where
higher grade oxide ores appear to be present. This activity is ongoing and is
for the purpose of grade control and development of additional resources and
exploration to define additional targets for future mine expansion.

Additionally, at the San Martin, construction of a five kilometre road was
completed to access and explore the upper part of the main Zuloaga vein in the
areas of the La Escondida and Pinolea. These areas are presently being
developed for mining purposes and defined to add new resources which are
proving to contain high grades of silver.

At the La Encantada Silver Mine, utilization of the 1000 tpd mill has increased
from 30% when the operations were taken over in November 2006 to the present
mill rates reaching 75% of capacity in the first quarter. This improvement in
operations has resulted in a 65% increase in silver production from the prior
quarter. Further increases in mill output are anticipated to continue into the
present quarter resulting in additional ounces of silver production from the La
Encantada going forward.

In the short time since the operations of the La Encantada were taken over,
several improvements have been implemented, including the installation of a new
screening plant and commencement of an aggressive underground development
campaign which included 1453 metres of drifting to several targets located in
the San Javier Breccia area. The purpose of this ongoing development is for
mining activity, confirmation of resources and exploration.

Recently, First Majestic received a substantial database of historic geological
data on the La Encantada Silver Mine and the surrounding area. This data is
presently being analyzed and digitized into the Company's newly incorporated
mining software programs. This database of information will substantially
assist the Company in its ongoing development and exploration program. This
data is anticipated to be considered in an update NI 43-101 report which is
expected to be published shortly.

Pincock Allen & Holt of Denver, Colorado has been retained to complete newly
updated NI 43-101 reports on each of the Company's operating silver mines. The
La Parrilla Silver Mine and the La Encantada Silver Mine reports are
anticipated to be published prior to the end of June 2007 and the San Martin
Silver Mine report is planned to be made public prior to the end of May.

Of further interest; the Company's three producing silver mines collectively
produced 2,905,382 ounces of silver equivalent in calendar 2006. However, due
to acquisition dates and the change of year end from June to December, only
1,601,796 ounces of silver equivalent could be attributed to First Majestic's
credit for the calendar year 2006. The first quarter ending March 31st, 2006
marked the beginning of a new era for the Company which experienced all three
mines producing silver under the First Majestic umbrella.

Keith Neumeyer, President & CEO, wishes to thank the management team and staff
for their enormous achievements over the past two quarters. "It goes without
saying that when any company grows at the rapid pace we've experienced, some
growing pains are inevitable; however, our team has persisted, consuming two
new mines while aggressively expanding the La Parrilla mine and mill. As a
result of these achievements a substantial increase in silver production has
resulted as anticipated, transforming the Company from a development and
exploration stage company into a significant silver producer. It's hard not to
be excited about being a part of First Majestic."

First Majestic is a producing silver company focused in Mexico and is
aggressively pursuing its business plan to become a senior silver producer
through development of its existing assets and the pursuit through acquisition
of additional assets that make sense to achieving its corporate objective.

FIRST MAJESTIC SILVER CORP.

Keith Neumeyer, President

This press release includes certain "Forward-Looking Statements" within the
meaning of section 21E of the United States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact, included
herein, including without limitation, statements regarding potential
mineralization and reserves, exploration results and future plans and
objectives of First Majestic Resource Corp. are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.

Purchasing of the La Encantada Complete

FIRST MAJESTIC SILVER CORP. (the "Company") is pleased to announce that
further to its news release dated December 21, 2006 the Company has now
completed the purchase of 100% of the issued and outstanding shares of
Minera La Encantada S.A. de C. V. ("La Encantada"), a Mexican mining
company previously owned by Minas Penoles SA de CV and Industrias Penoles
SA de CV (collectively "Penoles").


La Encantada's primary asset is the La Encantada Silver Mine located in
northern part of Mexico in the Coahuila State. This mine has at least 50
years of mining history and has been operated by Penoles from the early
1970's to 2003 after which time the mine was operated by Desmin S.A. de C.
V. ("Desmin") until October 31, 2006. First Majestic purchased Desmin last
year and thus took over operations of the La Encantada Silver Mine on
November 1, 2006.


The La Encantada Silver Mine for the calendar year 2006 produced
950,000 ounces of silver. The mill, which has a total capacity of 800 tpd
is presently running at only approximately 50% capacity. The Company
anticipates production numbers will be improved significantly over the
coming months.


In addition to the main mine and mill installations, La Encantada owns;
985 hectares of surrounding mining claims; surface rights to 2272 hectares
of land covering the local landing strip, and all town facilities and
buildings which include 180? single family dwellings, recreation
facilities, school house, hospital and a variety of other structures.


The regional development and exploration potential of the current land
holdings is considered excellent with several advanced areas of immediate
interest. In order to secure additional land holdings, the company has
recently acquired through staking an additional 3,100 hectares of mining
claims surrounding the property which covers additional areas of geological
interest.

The Company agreed to pay the total purchase price of US$3,250,000 and
a NSR royalty of 4%. An initial payment of US$1,000,000.00 was paid on
signing of the original Letter Agreement, leaving a balance of US$2,250,000
which has now been paid in full.


As part of the original Letter Agreement, the Company had also agreed
to buy-out the 4% royalty to zero at an additional cost of US$1,500,000 in
common shares and warrants. The shares and warrants were priced on the date
of signing which called for the issuance of 382,582 shares and 191,291 two
year warrants priced at $6.81. The shares and warrants have now been issued
and delivered to Penoles resulting in no further royalty's payable after
March 19th, 2007.


First Majestic is a producing silver company focused in Mexico and is
aggressively pursuing its business plan to become a senior silver producer
through development of its existing assets and the pursuit through
acquisition of additional assets that make sense to achieving its corporate
objective.


FIRST MAJESTIC SILVER CORP.


Keith Neumeyer, President


This press release includes certain "Forward-Looking Statements" within
the meaning of section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact,
included herein, including without limitation, statements regarding
potential mineralization and reserves, exploration results and future plans
and objectives of First Majestic Resource Corp. are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in such
statements.

The TSX Venture Exchange has in no way passed upon the merits of the
proposed transaction and the TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.

FIRST MAJESTIC SILVER CORP. is pleased to announce that it has entered
into an agreement with Sprott Securities Inc. and CIBC World Markets Inc.
as co lead underwriters and including Blackmont Capital Inc. (the
"Underwriters") pursuant to which the Underwriters have agreed to purchase
8 million Units on an underwritten basis, at a price of $5.00 per Unit (the
"Issue Price") for aggregate proceeds to First Majestic Silver Corp. of $40
million. The Underwriters have the option to purchase an additional 15% of
the Offering at the Issue Price at any time prior to the closing date. Each
Unit will entitle the holder to acquire one common share and one-half of
one share purchase warrant. Each whole share purchase warrant will be
exercisable at a price of $6.50 for a period of 18 months from the date of
closing. The Underwriters will receive a commission of 5.5% of the gross
proceeds of the offering at closing. The offering is scheduled to close on
or about April 12th, 2007 and is subject to certain conditions including,
but not limited to, satisfactory due diligence and the receipt of all
necessary approvals including the approval of the TSX Venture Exchange.


The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an application exemption from the
registration requirements. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be any sale
of the securities in any State in which such offer, solicitation or sale
would be unlawful.


FIRST MAJESTIC SILVER CORP.


Keith Neumeyer, President & CEO

Good article on silver.

http://www.moneyweek.com/file/28810/why-the-silver-price-is-set-to-soar.html

Good article on silver.

http://www.moneyweek.com/file/28810/why-the-silver-price-is-set-to-soar.html

X-Cal Resources Ltd.:
Ken Snyder Buys 1% Production Royalty Sleeper Gold Project, Nevada
Mon May 7, 8:00 AM

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 7, 2007) - X-CAL RESOURCES LTD. (TSX: XCL.TO) and KEN SNYDER have entered into a letter purchase agreement for the sale of a 1% Net Smelter Production Royalty (NSR) on the Sleeper Gold Property to Dr. Snyder's Gold Syndicate for US $1,500,000.

Ken Snyder has placed an initial payment in trust pending completion of title checks and formal documentation. Closing is expected to take place by June 16, 2007, subject to completion of the above and regulatory approval.

X-Cal has reported good progress with both exploration and development drilling at the Sleeper Gold Project, located in Humboldt County, Nevada.

One of the goals of Sleeper drilling is to develop sufficient density of drill data to place some of the gold and silver mineralization, currently described as exploration targets, into the CIM "Indicated" category by calendar year-end, for publication within NI-43-101 requirements.

Dr. Snyder was instrumental in the making of the "Ken Snyder Midas Mine" in Nevada.

The contents of this release have been reviewed by Robert Thomason, M.Sc., who is a "Qualified Person" as defined by NI-43-101.

Shawn Kennedy, President

Caution Concerning Forward-Looking Statements

This release and related documents may contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of drilling results and potential mineralization, future exploration work at the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project and the expected results of this work. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project; uncertainties involved in the interpretation of drilling results and other tests; the possibility that required permits may not be obtained in a timely manner or at all; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the exploration operations at the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project.

Forward-looking statements contained in this release and related documents are based on the beliefs, estimates and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. X-Cal Resources Ltd. and X-Cal USA, Inc. undertake no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change

X-Cal Resources Ltd.:
Ken Snyder Buys 1% Production Royalty Sleeper Gold Project, Nevada
Mon May 7, 8:00 AM

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 7, 2007) - X-CAL RESOURCES LTD. (TSX: XCL.TO) and KEN SNYDER have entered into a letter purchase agreement for the sale of a 1% Net Smelter Production Royalty (NSR) on the Sleeper Gold Property to Dr. Snyder's Gold Syndicate for US $1,500,000.

Ken Snyder has placed an initial payment in trust pending completion of title checks and formal documentation. Closing is expected to take place by June 16, 2007, subject to completion of the above and regulatory approval.

X-Cal has reported good progress with both exploration and development drilling at the Sleeper Gold Project, located in Humboldt County, Nevada.

One of the goals of Sleeper drilling is to develop sufficient density of drill data to place some of the gold and silver mineralization, currently described as exploration targets, into the CIM "Indicated" category by calendar year-end, for publication within NI-43-101 requirements.

Dr. Snyder was instrumental in the making of the "Ken Snyder Midas Mine" in Nevada.

The contents of this release have been reviewed by Robert Thomason, M.Sc., who is a "Qualified Person" as defined by NI-43-101.

Shawn Kennedy, President

Caution Concerning Forward-Looking Statements

This release and related documents may contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of drilling results and potential mineralization, future exploration work at the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project and the expected results of this work. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project; uncertainties involved in the interpretation of drilling results and other tests; the possibility that required permits may not be obtained in a timely manner or at all; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the exploration operations at the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project.

Forward-looking statements contained in this release and related documents are based on the beliefs, estimates and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. X-Cal Resources Ltd. and X-Cal USA, Inc. undertake no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change

Thanks eom

VM stocks... Whats that?

I'll take a look

X-Cal Resources Ltd. (TSX: XCL.TO) -

Two "Facilities Area" drill holes have returned high-grade assays as development drilling continues at Sleeper.

Reverse Circulation hole # XR-07-25 included 20ft of 0.949 opt Au. (32.537 grams per Tonne).

Reverse Circulation hole # XR-07-36 included 10ft of 1.548 opt Au. (53.047 grams per Tonne).

Additional drilling to trace the higher grades will follow.

The Facilities Area is located east of the Sleeper pit (see April 10, 2007 press release).

The following results are from the twelve most recently assayed drill holes in the Facilities Area. The structural picture is developing as described in the April 10, 2007 release. We are encouraged to see the higher grades. More drilling to determine the true width or thickness of the higher grades will be required.

Current Facilities Results:


---------------------------------------------------------------------------
FROM TO LENGTH Au FROM TO LENGTH Au
HOLE feet feet feet opt meters meters meters gpT
---------------------------------------------------------------------------
XR-07-19 95 115 20 0.011 29 35 6 0.377
---------------------------------------------------------------------------
140 220 80 0.010 43 67 24 0.343
--------------------------------------------------------------

---------------------------------------------------------------------------
XR-07-20 165 220 55 0.018 50 67 17 0.617
---------------------------------------------------------------------------

---------------------------------------------------------------------------
XR-07-22 245 350 105 0.016 75 107 32 0.549
---------------------------------------------------------------------------

---------------------------------------------------------------------------
XR-07-31 0 10 10 0.030 0 3 3 1.029
--------------------------------------------------------------
40 65 25 0.021 12 20 8 0.720
--------------------------------------------------------------
230 280 50 0.016 70 85 15 0.549
--------------------------------------------------------------
520 545 25 0.034 158 166 8 1.166
--------------------------------------------------------------

---------------------------------------------------------------------------
XR-07-05 0 20 20 0.012 0 6 6 0.411
--------------------------------------------------------------
125 290 155 0.019 38 88 50 0.651
--------------------------------------------------------------

---------------------------------------------------------------------------
XR-07-34 145 210 65 0.013 44 64 20 0.446
--------------------------------------------------------------
280 355 75 0.013 85 108 23 0.446
--------------------------------------------------------------

---------------------------------------------------------------------------
XR-07-33 215 235 20 0.013 66 72 6 0.446
--------------------------------------------------------------
280 300 20 0.013 85 91 6 0.446
--------------------------------------------------------------
370 390 20 0.013 113 119 6 0.446
--------------------------------------------------------------
545 580 35 0.019 166 177 11 0.651
--------------------------------------------------------------

---------------------------------------------------------------------------
XC-06-14 399 425 26 0.013 122 130 8 0.446
---------------------------------------------------------------------------

---------------------------------------------------------------------------
XR-07-25 90 115 25 0.011 27 35 8 0.377
--------------------------------------------------------------
250 355 105 0.012 76 108 32 0.411
--------------------------------------------------------------
355 515 160 0.026 108 157 49 0.891
--------------------------------------------------------------
515 535 20 0.949 157 163 6 32.537
--------------------------------------------------------------
535 610 75 0.023 163 186 23 0.789
--------------------------------------------------------------

---------------------------------------------------------------------------
XR-07-38 675 715 40 0.036 206 218 12 1.234
---------------------------------------------------------------------------

---------------------------------------------------------------------------
XR-07-35 245 280 35 0.013 75 85 11 0.446
--------------------------------------------------------------
335 355 20 0.011 102 108 6 0.377
--------------------------------------------------------------
560 585 25 0.017 171 178 8 0.583
--------------------------------------------------------------

---------------------------------------------------------------------------
XR-07-36 0 30 30 0.014 0 9 9 0.480
--------------------------------------------------------------
310 355 45 0.012 94 108 14 0.411
--------------------------------------------------------------
445 455 10 1.548 136 139 3 53.074
--------------------------------------------------------------
455 470 15 0.021 139 143 5 0.720
--------------------------------------------------------------

---------------------------------------------------------------------------


The 2007 goal for the Facilities Area work is near-surface mineralization, to be combined with above-ground mineralization from the nearby heaps (see April 10, 2007 press release for detail).

Historic Note: The Sleeper Vein occurred in the pit area, adjacent to the Facilities Area, within a significant area of lower grade.

Development drilling at West Wood is also progressing. The most recent drill result from that area includes 72 feet of 0.122 opt Au. (4.18 grams per Tonne). This result extends mineralization westward by 75ft. and fills in a gap in data for that area.

Current West Wood Result:


---------------------------------------------------------------------------
FROM TO LENGTH Au FROM TO LENGTH Au
HOLE feet feet feet opt meters meters meters gpT
---------------------------------------------------------------------------
XC-07-07 685 757 72 0.122 209 231 22 4.183
---------------------------------------------------------------------------


Good progress is being made in several areas, including earlier stage exploration of the Northwest (NW) Target.

Readers are encouraged to view X-Cal's press release of April 10, 2007 and the NI-43-101 technical report on the Sleeper Gold Property, which can be found @ www.x-cal.com or on SEDAR, in conjunction with this update.

The Sleeper Gold Property, located in Humboldt County, Nevada is 100% owned by X-Cal Resources Ltd.

The Sleeper drill samples were collected following standard industry practice and were assayed by American Assay Laboratories, Inc. of Sparks, Nevada. Gold results were determined using standard fire assay techniques on a 30 gram sample with an atomic absorption finish. Higher-grade assays are checked by gravimetric fire-assay methods. QA/QC included the insertion of numerous standards and blanks into the sample stream.

The contents of this release have been reviewed by Robert Thomason, M.Sc., who is a "Qualified Person" as defined by NI-43-101.

Shawn Kennedy, President

Caution Concerning Forward-Looking Statements

This release and related documents may contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of drilling results and potential mineralization, future exploration work at the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project and the expected results of this work. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project; uncertainties involved in the interpretation of drilling results and other tests; the possibility that required permits may not be obtained in a timely manner or at all; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the exploration operations at the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project.

Forward-looking statements contained in this release and related documents are based on the beliefs, estimates and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. X-Cal Resources Ltd. and X-Cal USA, Inc. undertake no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

Note: X-Cal Resources Ltd. can be referenced through the Standard & Poor's Directory.



Contacts

Shawn Kennedy
X-Cal Resources Ltd.
President

Angloplat opposes Swiss plan for platinum ETF


By Eric Onstad

JOHANNESBURG (Reuters) - The world's biggest platinum producer Angloplat will not supply physical metal to a planned exchange-traded fund based on platinum because it would sharpen supply shortages, the firm said on Tuesday.

"The reason why we as a producer are opposed to it is that it takes metal away from physical consumption and therefore would push the price up," said Trevor Raymond, senior manager of investor relations at South Africa's Anglo Platinum.

Switzerland's Zurich Cantonal Bank planned to launch ETFs based on platinum, palladium and silver from next month, it said in a statement dated April 13. (See)

ETFs have been very successful in the gold sector since they allow investors to gain exposure to commodity markets without worrying about setting up futures trading accounts or taking physical delivery.

Sponsors of such funds buy a matching amount of the metal from the market to keep in bank vaults.

"To establish an ETF in platinum would be difficult given the shortness of supply of the metal and we don't believe any of the producers would support it," Raymond said.

Michael Widmer, director of metals research at Calyon Corporate and Investment Bank in London, said a string of market deficits in the metal in recent years had slashed inventories.

"That means that the above-ground stocks that you had maybe 10 years ago and that you could have simply shifted from stocks at banks to stocks at the ETF, have been drawn down because of high physical demand from autocatalyst producers," he said.

"That makes it very challenging for them (Zurich Cantonal Bank)."

BAD TIMING

Second-ranking Impala Platinum Holdings Ltd said the Swiss bank's proposed launch came at bad time.

"Given the current market conditions, it's probably not the opportune time to launch a product like this because it's just going to put further upward pressure on the price," said Bob Gilmour, manager of investor relations.

"In the longer term, this is not what you want for demand because it causes attempts at substitution."

Gilmour said Implats had very little metal available for the spot market. "All our metal is basically on long-term contracts, 90 percent plus," he said.

The platinum market is very different from gold, where tonnes of metal bought for investment purposes or by central banks sit in vaults available for lending.

Platinum is in high demand for use in auto catalytic converters that clean pollution from exhaust and is also popular in jewellery. The jewellery sector is very price sensitive and is the main area that suffers weak demand when prices rise.

Jewellery demand for platinum was due to fall by 11 percent to 1.74 million ounces last year due to higher prices, precious metals refiner Johnson Matthey said in a report in November.

Spot platinum touched a record peak of $1,395 per ounce last November and was bid at $1,265 on Tuesday.

South Africa's Anglo Platinum Ltd, majority owned by mining giant Anglo American Plc, accounts for around 40 percent of global platinum production.

Implats accounts for nearly another 30 percent of world platinum supply from its mines and refining operations.

© Reuters 2007

Sorry I was talking about Impact Silver

Good volume today in impact silver with no news

Nice action today, and good volume.

Here is a link to the Time story, Michael Baybak and his friend Kenneth Gerbino are mentioned.

http://www.cs.cmu.edu/~dst/Fishman/time-behar.html

Pinetree Capital Ltd. announces that on March 29, 2007 it acquired
ownership of 4,000,000 common shares ("Common Shares") of MacMillan Gold Corp. MMG.V



Currently drilling 3 properties

Is that good or bad?

It wouldn't surprise me.

Thanks for the Welcome

Techssentials
<<Yes, but you seem to miss my point. No company wants someone with a tainted past. My conclusion was nothing negative materialized.>>

As I understand, civil as well as criminal proceedings where filed. This indicates to me that there was enough evidence for the local authorities to get involved.

When I invest in a company the first thing I look at is management.

Another red flag is that there are 186 million shares outstanding, with a 76 million float. So who holds the remaining 110 million shares?

Dror Moradov was appointed CEO of American Benefits Group.
He was accused of fraud at Riosun Resources. Two different companies.

Is the CEO of this company, the same Dror Moradov written about
in this article.

http://www.findarticles.com/p/articles/mi_m0EIN/is_1998_June_8/ai_50063083


I don't have time right now, but I'll do some research on this company, and post if I find anything