XTORRE (XG)

[Picassa]

Morning Coffee (6/1/11) "Extorre Gold Mines perked investors' attention with additional high-grade gold-silver results from drilling at the Zoe discovery at Cerro Moro in Argentina; the company released additional results from the next 9 of 34 diamond drill holes (8 still pending) completed to date on the new Zoe discovery at Cerro Moro (95%), Santa Cruz Province, Argentina. Canaccord Genuity Mining Analyst Wendell Zerb continues to believe Zoe represents a new, very significant high-grade Ag/Au zone at Cerro Moro that could have important economic considerations for XG moving forward. . .new drilling results continue to define high to bonanza gold-silver grades over ~480m strike length (was 350m) and a vertical depth up to 240m within a larger 1.4 km targeted structure."

Imaru Casanova, McNicoll Lewis & Vlak (6/1/11) "Extorre announced a significant silver-gold discovery, named the Renaldo Prospect, at Cerro Puntudo. . . We raising our price target on Extorre shares following the release of additional positive drilling results from the Zoe discovery. The announcement this morning of the new silver-gold discovery at the company's Puntudo project highlights the significant exploration potential of Extorre's assets. . .The Cerro Puntudo discovery supports our expectations of continued exploration success for Extorre and the value that we assign to exploration in our valuation. "