Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s May 31st, 2011, and we’ve found 3 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.

Xtra-Gold Announces 52 Metres Grading 2.42 g/t Gold, 50 Metres Grading 1.64 g/t Gold and 50 Metres Grading 1.31 g/t Gold From Its Kibi Gold Project Big Bend Zone

Xtra Gold Resources Corp XTG

Xtra-Gold Resources Corp. ("Xtra" or the "Company") (TSX:XTG) (TSX:XTG-S) (OTCBB:XTGR), is very pleased to report that ongoing drilling on the Big Bend Gold Zone on the Kibi Gold Project continues to intersect significant gold mineralization, including 2.42 grams per tonne ("g/t") gold over 52 metres. Assay results from six (6) new diamond core holes (1,308 metres) reported below continue to confirm the down-plunge continuity and the multiple en-echelon vein package structural style of the mineralization, and demonstrate the occurrence of higher grade mineralization within the Big Bend gold system.

The latest drill results are part of a 20,000 metre exploration/delineation drill program initiated in mid January 2011, designed to delineate/infill the Big Bend Gold Zone -- Central Granitoid; as well as further test/delineate other prominent gold systems on Zone 2 of the Company's wholly-owned Kibi Gold Project, located in the Kibi -- Winneba greenstone belt ("Kibi Gold Belt"), in Ghana, West Africa.

About Xtra-Gold Resources Corp.

Xtra-Gold is a gold exploration company with a substantial land position in the Kibi greenstone belt ("Kibi Gold Belt") located in Ghana, West Africa. The Kibi Gold Belt, which exhibits many similar geological features to Ghana's main gold belt, the Ashanti Belt has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area.

Last: 1.97Range: 2.55-1.70Market Cap: 85.9 million

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Gold Canyon Intercepts 292.5 Meters at 1.13 Grams Per Tonne Gold at Springpole Gold Project-Stakes Additional 10,000 Acres

Gold Canyon Resources Inc GCU

Gold Canyon Resources Inc. (TSX VENTURE: CGU)(PINK SHEETS: GDCRF) ("Gold Canyon" or "the Company") is pleased to announce assays from the final four holes of its Winter 2011 Diamond Drill Program at its 100% controlled Springpole Gold Project, located 110 kilometers northeast of the Red Lake Mining Camp, Ontario, Canada. Results include 292.5 meters at 1.13 grams per tonne gold (959 feet at 0.033 oz per ton gold) including 198.5 meters at 1.42 grams per tonne gold (651 feet at 0.041 oz per ton gold) in hole SP11-059 drilled in the southeast part of the Portage Zone.

"Our infill drilling this winter continues to demonstrate remarkable consistency within the Portage Zone," comments Dr. Quinton Hennigh, Technical Advisor and Director of Gold Canyon Resources. "Although it is too early to estimate the average grade of the deposit, the weighted average grade of all 2010-11 drill intercepts in the Portage Zone is 1.30 grams per tonne. We believe the Portage Zone will prove to be one of the highest grade bulk tonnage projects in the Shield."

About Gold Canyon Resources Inc.:

Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties. The Company controls a 100% interest in the Springpole Gold - Horseshoe Island Gold, Platinum, Palladium Project and Favourable Lake Poly-metallic property currently under option to Guyana Frontier Mining Corp. pursuant to an option and joint venture agreement entered into in December 2005 - all in the Red Lake Mining District of Ontario, Canada.

Last: 3.19Range: 4.22-0.21Market Cap: 298 million

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Source Intersects 55.4 Metres Grading 0.54 g/t Gold, 5.52 g/t Silver and 0.71% Copper (1.90 g/t Gold Equivalent) at Las Minas Project

Source Exploration Corp. (TSX VENTURE:SOP)

is pleased to provide highlights from additional drilling in the area of the El Dorado skarn zone at the Company's Las Minas Project located in western Veracruz State, Mexico. The El Dorado mineralized zone is located on-strike and approximately 350 metres south of the drilling carried out at Las Boquillas - see press release of May 3, 2011. Drilling tested the zone over a strike length of approximately 150 metres and intersected up to 75.8 metres of mineralization with significant gold, silver and copper values. A plan map showing the drill site locations at Las Boquillas and El Doradocan can be viewed on Figure 1.

Significant intercepts from recent drill intersections at the El Dorado include:

--0.88 g/t gold, 5.05 g/t silver, 1.60% copper (3.79 g/t gold equivalent)

over 21.1 metres.

--1.00 g/t gold, 5.86 g/t silver, 0.69% copper (2.32 g/t gold equivalent)

over 14.80 metres.

--0.54 g/t gold, 5.52 g/t silver, 0.71% copper (1.90 g/t gold equivalent)

over 55.4 metres.

--0.41 g/t gold, 2.19 g/t silver, 0.50% copper (1.34 g/t gold equivalent)

over 31.5 metres.

About Source Exploration

Source Exploration is a well-financed Canadian based mineral exploration company committed to building long term value through ongoing discoveries and strategic acquisitions of economic gold and silver deposits in Mexico.

Last: 0.33Range: 0.69-0.10Market Cap: 15.1 million

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