Replies to post #872320 on MOMO'S BREAKOUT BOARD

[fast.money]

$AGCZ News OUT A/H!!! Andes Gold Corp. CEO Discusses Gold Reserves, Viability for Extraction
Date: March 29, 2012, 4:35 p.m. EDT

http://ih.advfn.com/p.php?pid=nmona&article=51827114

BOCA RATON, FL, Mar 29, 2012 (MARKETWIRE via COMTEX) -- Andes Gold Corp. (pinksheets:AGCZ), a gold mining company with existing operations in Ecuador, Chief Executive Officer, Robert Talbot, today released information about the company's existing gold reserves, the viability criteria used to establish such reserves, and the potential for future expansion.

"We have seen a lot of speculative press announcements and analyst propaganda over the past few years as the price of gold has exploded," Mr. Talbot explained. "Investors need to consider several factors before believing the hype. First, are the reserves proven? For Andes Gold, we don't consider reserves 'proven' until our mining efforts have reached the gold and we've had an assay study done showing us the concentration of gold, its purity, and the extent of the vein. Many companies out there proclaim to have found gold but are, in fact, several years away from reaching that gold, let alone proving the value and extent of the find.

"Second, and just as import, the gold must be economically viable to extract. Again, we've seen claims of massive gold reserves when in reality, the cost to mine and process the gold is greater than its value. An investor should always ask the relevant question: how much gold per ton is being extracted. At Andes Gold, our average is one ounce of gold per ton of aggregate. What this means is that we can extract and process our gold profitably."

Discussing proven reserves, Mr. Talbot added, "Right now we have proven reserves of over 300,000 ounces. This is gold that we have found, tested and are currently mining. In addition, we have located additional reserves on site and have been evaluating these reserves. We expect that, once the evaluation is completed, and the new ore is tested, our proven reserves will increase substantially."

[$treet $inatra]

~FOGC .0002 Alta Mining Entered Option Agreement.in.Slocan,Canada$$$$$$$

HENDERSON, Nev./PRNewswire via COMTEX/ — Fortune Oil & Gas, Inc. (PINK SHEETS: FOGC)
( http://www.fortuneoilandgascorp.com ), subsidiary Alta Mining Inc., entered into an Binding Option
Agreement in Slocan, Canada.

Based on the agreement, Alta Mining can acquire a 90% undivided interest in the Wilson Creek and
Kane Creek Property comprised of 25 mining claims, totalling over 6000 hectares of already verified
high grade silver showings.

If the exploration work on the property determines the project as a feasible mining operation (based
on criteria described in the option agreement), Alta will be in position to accelerate payments and
become a lawful registered owner of the mining claims.

Alta mining believes that with a fresh approach it could uncover substantial new value on this
property. Due to favourable location of the property management expects a significantly lower time
and resources spent in advancing the BC project beyond the exploration phase.

As soon as the company finalizes compilation of available geological and technical information on
the property, this information on property potential will be presented on company’s web site
http://www.fortuneoilandgascorp.com

Company will work diligently to further increase its property portfolio with prosperous mining
properties in North America.