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Wednesday, 07/13/2011 12:23:29 AM

Wednesday, July 13, 2011 12:23:29 AM

Post# of 21
Smash Minerals (SSH:TSXV) Initiating Coverage

The following editorial is extracted from June 2011-2 Issue of Resource Opportunities

Smash has one of the largest property positions in the White gold district, the focal point of Yukon gold exploration. Far more important than the extent of that property package is the story behind the property and the amount of work that has already been completed. Smash is headed by Adrian Fleming, the veteran geologist who headed Underworld Resources, the company that made the initial discovery in the district in 2008 and touched off the gold rush.

The Underworld claims were optioned from Shawn Ryan and Cathy Wood. Those prospectors had begun systematic soil sampling in the area in 2004. Fleming and the Underworld geological team sorted through the geochemical results with the prospectors. After adding in some regional geological interpretations, they selected the Golden Saddle area as the focal point for an exploration effort. Drilling confirmed the soundness of the combined prospecting and geological approach, discovering what would soon become a 1.4 million ounce deposit.

Underworld shareholders enjoyed a big payoff when Kinross bought the company in 2010. The prospectors were presented the prestigious 2010 Canadian Prospector of the Year award in recognition of their work leading up to the Golden Saddle discovery. Smash was set up with the intent of repeating the Underworld success. Adrian Fleming again joined forces with Cathy Wood and Shawn Ryan. The geological interpretations that helped in the Underworld discovery provided further guidance in the selection of areas to sample.

Adrian and other former Underworld geologists again worked with the prospectors to select areas were soil sampling had turned up promising results in suitable geological settings. A large block of claims was optioned from Shawn Ryan and then extended through staking. Smash now holds mineral rightsextending for 846 square kilometers.

Smash is newly listed as a public company. However the properties have already had the benefit of two field seasons of work. Fieldwork by Smash geologists has followed up on the favorable geochemical results. That work has already identified three prioritized targets with similar geology (alteration and mineralization) to the Underworld Golden Saddle zone.

The Smash initial public offering earlier this year brought in C$6 million at C$0.80 the share. That money is funding an aggressive C$4.3 million summer exploration program. That program will involve drilling the three targets already identified while continuing the geochemical sampling and other reconnaissance work on the extensive property package. In anticipation of extending the program, the company is now raising a further C$10 million at C$1.05 per share and C$1.20 per flow-through share.

Smash may appear expensive for an early stage exploration company. However, it is important to remember that the company is already two years into an exploration program and that program is directed by the geological talent that generated the discovery that kicked off the Yukon gold rush.

With a relatively small number of shares outstanding the company has a modest market capitalization. Smash offers one of the largest land packages, the most successful geological team and multiple drill programs for this summer.

Price June 28, 2011: C$1.23 Shares Outstanding: 17 million Fully Diluted: 19 million Market Cap: C$20.9 million Contact: Investor Relations 1-855-237-6274 www.smashminerals.com

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The information and opinions contained in this message are drawn from sources believed to be reliable, but the accuracy and completeness is not guaranteed, nor in providing it does the sender assume any liability.

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