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 July 5th, 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.

Pele Mountain Announces Preliminary Economic Assessment for Eco Ridge Mine Rare Earths and Uranium Project with $1.31-Billion Pre-Tax Cash Flow, $662-Million NPV (at 7.5% Discount Rate), 47% IRR

Pele Mountain Resources Inc. (TSXV: GEM) (OTCQX: GOLDF)

today announced results of a NI 43-101 Preliminary Economic Assessment (the "PEA") on its Eco Ridge Mine Rare Earths and Uranium Project ("Eco Ridge" or the "Project"). The PEA was prepared by Roscoe Postle Associates ("RPA") and demonstrates that Eco Ridge has potential to become a profitable producer of rare earth oxides ("REO") and uranium oxide ("U(3)O(8)").

The Project is located in Elliot Lake, Ontario, the only Canadian mining camp to ever achieve commercial REO production and an historically important source of "Heavy" REO in North America.

Highlights of the PEA include (all financial terms in US$):

--9,400-tonne per day operation with life-of-mine production of
10.7-million pounds of Total REO and 24.9-million pounds of U
(3)O(8) over a 14-year mine life.
--Cumulative operating cash flow of US$1.72-billion; Cumulative
pre-tax cash flow of US$1.31-billion.
--Positive NPV of $662-million (at a 7.5% discount rate);IRR of
47-percent.
--Operating cash cost of $16 per pound U(3)O(8), net of REO
credits.
--Start-up capital cost of $212-million; Sustainingcapital cost
of $195-million.
--Life-of-mine production includes 430,000 pounds of dysprosium
oxide (Dy(2)O(3)), 1.28-million pounds of neodymium oxide (Nd
(2)O(3)), 2.08-million pounds of yttrium oxide(Y(2)O(3)), and
67,000 pounds of scandium oxide (Sc(2)O(3)).
--Two-thirds of REO revenue is from Heavy REO(including yttrium
and scandium oxides) many of which are forecast to be in
particularly short supply in the years ahead while demand
continues to rise sharply.
--Opportunities for improvement of project economics include
improved REO and U(3)O(8) recoveries, and increased resources
and production rate.

About Pele Pele Mountain Resources is focused on the sustainable development of its 100-percent owned Eco Ridge Mine Rare Earths and Uranium Project. Eco Ridge is one of very few North American Rare Earths deposits that has completed a NI 43-101 Preliminary Economic Assessment with robust economics and is located in Elliot Lake, the only Canadian mining camp to have ever achieved commercial REO production.

Last 0.19Range: 0.69-0.085Market Cap: 25 million

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Avion Announces Initial Mineral Reserve of 913,100 Ounces of Gold That Supports a 5 Year Mine Life at Tabakoto Project, Mali

Avion Gold Corp AVR

("Avion" or "the Company") (TSX:AVR)(OTCQX:AVGCF), is pleased to announce its initial mineral reserve estimation for seven deposit groups and several ore stockpiles which comprise the Tabakoto Project in Mali, West Africa. Highlights of Avion's mineral reserves and mineral resources are as follows:

--Tabakoto Project open pit and stockpiled Proven and Probable mineralreserves comprise 2,611,000 tonnes grading 2.90 g/t Au for 243,600ounces of gold.

--Tabakoto Project underground Proven and Probable mineral reservescomprise 4,630,000 tonnes grading 4.50 g/t Au for 669,500 ounces ofgold.

--Additional Measured and Indicated mineral resources comprise 1,359,000tonnes at 3.41 g/t Au containing 149,100 ounces of gold.

--Additional Inferred mineral resources comprise 7,892,000 tonnes at 4.22g/t Au containing 1,070,500 ounces of gold.

About Avion Gold Corporation

Avion is a Canadian-based gold mining company focused in West Africa that holds 80% of the Tabakoto and Segala gold projects in Mali. Gold production commenced at these projects in 2009 with approximately 51,290 ounces produced. 2010 production was 87,630 ounces of gold. Production sustainability will continue to be supported and enhanced by an aggressive 2011 drill program over an approximately 600 km(2) exploration package that both surrounds and is near to the Company's existing mine infrastructure.

Last: 1.99Range: 2.08-0.42Market Cap: 809 million

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Lithium Corporation (OTCBB: LTUM) (the "Company", or "Lithco") is pleased to announce it has received very positive results from the second phase of sampling from the spring work program at Fish Lake Valley. Additionally the company would like to provide an update on progress at both the Salt Wells and Cortez prospects.

Subsequent to Lithium Corporation's April 28th announcement, follow-up near surface brine sampling on the Company's Fish Lake Valley prospect has better defined an anomalous area that is 1.3 miles wide by 2 miles long, where Lithium values are in excess of 50 mg/L, and Boron and Potassium levels are also elevated. Within this anomalous area lies a zone that measures 1 x 1.2 miles, where the lithium contents of the brine samples are all in excess of 80 mg/L, Boron values are greater than 1135 mg/L, and Potassium levels are 4000 mg/L (0.4%), and above. In turn this anomalous area encapsulates a more enriched zone which measures approximately 0.87 miles by 1.05 miles. Within this zone Li in brine values range from 100 to 150 mg/L, with Boron ranging from 1500 to 2670 mg/L, and Potassium from 5400 to 8400 mg/L. The average content of the brine samples taken within this highly anomalous zone is; Lithium 122.5 mg/L, Boron 2219 mg/L, and Potassium 7030 mg/L.

About Lithium Corporation

Lithium Corporation is an exploration company based in Nevada devoted to the exploration for new lithium resources within the state of Nevada. The Company explores and develops potentially economic lithium-enriched brine fields, with an eye to becoming a long-term producer of this increasingly strategic and economically important commodity.

Last Trade: 0.24852 Week: 1.92 – 0.165Market Cap: 15.79 Million