FULL METAL MINERALS JUNE 17 ANNOUNCED IT HAS ENTERED into an option agreement with Ashburton Ventures Inc. whereby Ashburton can earn a 60 percent interest in Full Metal's OG zinc-lead-silver property 40 kilometers north of Dawson City, Yukon Territory by spending $6 million on exploration over four years, including a minimum $500,000 during 2008. Ashburton must also make cash payments totaling $325,000 ($100,000 first year) and issue 1,250,000 shares (500,000 first year) over the four year option term. Upon Ashburton successfully exercising the option to acquire 60 percent of Full Metal's rights, title and interest in the property, Full Metal will have the right within 90 days to reacquire a third of Ashburton's interest by reimbursing Ashburton's $6 million in expenditures. Should Full Metal exercise the back-in right the joint venture will be 60 percent Full Metal Minerals and 40 percent Ashburton Ventures. The companies are planning to begin a 2,000-meter drilling program in August 2008. A ground-based gravity survey is currently underway.

UNDERWORLD RESOURCES INC. JUNE 17 REPORTED DRILLING has begun at its 100 percent owned White Gold and Black Fox Gold Project, 95 kilometers south of Dawson City, Yukon Territory. The 2,000-meter diamond drill program will drill test both vein and disseminated gold targets. The program will drill targets identified during the 2007 exploration program. The 2007 exploration included extensive mapping, mechanical trenching, IP geophysics and an additional 1,400 grid soil samples at both the White and Black Fox Properties. Multiple gold prospects with a variety of styles of mineralization have been identified.

SHERWOOD COPPER CORP. JUNE 17 SAID IT SUBSTANTIALLY boosted mineral resource estimates for its Minto Mine in central Yukon based on results of 101 new holes drilled across four deposits – Area 118, Ridgetop, Main Minto and Area 2 deposits – in 2007. Sherwood said the net result of all adjustments produced a 50 percent increase in contained copper and a 40 percent hike in precious metals in Minto’s mineral resource, which complies with requirements of Canada’s regulation governing such calculations. The Vancouver, B.C.-based producer said Minto’s overall resource contains 604.7 million pounds of copper, 320,000 ounces of gold and 3.3 million ounces of silver in the measured and indicated mineral categories, using a 0.5 percent copper cutoff, with an additional 294.4 million pounds of copper, 120,000 ounces of gold and 1.26 million ounces of silver in the inferred category at that same cutoff, reflecting 50 percent and 40 percent increases in total contained copper and gold, respectively, as well as a 38 percent boost in silver.

YUKON-NEVADA GOLD CORP. JUNE 13 REPORTED ADDITIONAL favorable results from its ongoing 2008 drilling program at Ketza River near the town of Ross River in Yukon Territory. The Ketza River property, a past gold producer, is envisioned as an open pit operation. Two diamond drill rigs completed more than 9,600 meters of drilling in 66 holes completed between April 10 and June 9, and were targeted to expand the margins of known mineralization. Further drilling for delineation of the proposed open pits will continue through the year, the company said. Drilling highlights include 5.15 meters of 13.6 grams per metric ton gold in the Peel Target of the Manto Zone and 7.27 meters of 56.0 g/t gold from the QB Target of Shamrock Zone. Yukon-Nevada said the drill intercepts could potentially increase a NI 43-101-compliant resource estimates released April 14, which estimated that Ketza River contained a measured and indicated resource of 646,600 ounces of gold at a grade of 4.93 g/t and an inferred resource of 112,800 ounces of gold grading 3.26 g/t.

VANCOUVER B.C.-BASED LOMIKO RESOURCES INC. JUNE 17 reported it staked an additional 1,234 hectares of mineral titles adjacent to the current Big Nak property in northwest British Columbia, that includes option agreements covering the Joss'alun property from Copper Ridge Exploration Inc. and the Nak property from Imperial Metals Corp. The additional claims were staked to capture the geological extension of the system recognized during previous exploration programs. A 561-line-kilometer airborne electromagnetic and magnetic survey has been started on the property to identify massive sulphide drill targets along strike from known mineral occurrences. The survey will use 100 meter line spacing and cover a significant portion of the current Big Nak land package, including areas previously drilled, and newly staked areas to the south-east.

ROCA MINES INC. JUNE 12 ANNOUNCED THE FINAL ASSAY results from five diamond drill holes totaling approximately 4,800 meters completed in 2007 at the MAX Property near Revelstoke, British Columbia. All holes were collared from a common underground drill station within the No.1 Adit, east of the deposit currently being mined. Results from the five holes have identified extensions to known mineralization and indicate the potential for additional porphyry systems at depth. Hole MX07-03 drilled below the eastern margin of the known resource, intersected a number of narrow, well mineralized zones, interpreted to represent sub-vertical feeders. The company also says that surface drilling is underway on a molybdenum anomaly near the MAX Mine Portal area, and surface drilling is also planned on a large-scale tungsten zone previously identified by others and significantly expanded by Roca in 2006.

DIAMONDS NORTH RESOURCES LTD. JUNE 17 REPORTED 2,911 diamonds were recovered from the remaining 551.95 kilograms of percussion drill sample that it collected from the Tuktu-2 kimberlite in Nunavut in 2007. Sample Tuktu-2B exhibits a significant increase in larger sized diamonds including diamonds remaining on the 1.18 millimeter sieve, the company said. The Tuktu-2 kimberlite is located on the Vancouver, B.C.-based junior’s Amaruk property in the Pelly Bay Diamond District of Nunavut. The sample was submitted as part of the company’s ongoing due diligence and quality control process and to gain additional information on the diamond distribution on the Tuktu-2 kimberlite. “I do not know another diamond discovery at this stage of exploration, which is showing the same level of potential that our Amaruk project has,” said Mark Kolebaba, president and CEO of Diamonds North. “The Tuktu-1 and 2 kimberlites have very high diamond counts, supported by high-interest mineral chemistry, tonnage potential and now larger diamonds.”

THE AMARUK PROPERTY ALSO APPEARS TO BE RICH IN NICKEL as well as diamonds. Diamonds North Resources June 13 said its early-stage drill results showed high nickel values from the Tunerq nickel prospect at Amaruk. Four drill holes have intersected substantial nickel grades. Assay results increase with depth in step out holes. Highlights of the drilling include nickel values as high as 1.50 percent over 7.3 meters along with significant amounts of copper and cobalt. “The fact that a relatively thin sequence of mafic rocks is so strongly mineralized infers that it has been injected from a nearby larger differentiated gabbroic body, which will be the future target of exploration at Tunerq,” said Diamonds North director Bernard Kahlert, who described the results as “the best series of early stage drill holes that I have seen in nickel exploration.”