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 October 31st, 2011, and we’ve found 3 great press release 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.

New Pacific Metals Corp. Announces Assay Results of 20.2 Meters @ 7.08 g/t Au, 143.95 g/t Ag, and 9.7 Meters @ 8.43 g/t Au, 322.26 g/t Ag

New Pacific Metals Corp. (TSX VENTURE:NUX)

is pleased to announce assay results from the recently completed 2011 underground drilling program at the Skukum Creek gold-silver deposit and surface drilling at the Raca prospect of its Tagish Lake Gold Project in Yukon (see the Company's news release dated as at October 25, 2011).

Highlights of the most prominent drill results include (note - widths are core length not true widths):

8.23m @ 6.52 g/t Au, 321.81 g/t Ag, 1.0% Pb and 1.52% Zn from 89.08 meters to 97.31 meters, including 2.62m @ 16.63 g/t Au, 853.33 g/t Ag, 2.51% Pb and 2.94% Zn from 90.48 meters to 93.1 meters in the hole SC11-05-UG.

9.65m @ 8.43 g/t Au, 322.26 g/t Ag, 1.18% Pb and 1.63% Zn from 81.83 meters to 91.48 meters, including 6.26m @ 11.34 g/t Au, 434.15 g/t Ag, 1.48% Pb and 1.79% Zn from 81.83 meters to 88.09 meters in the hole SC11-07-UG.

20.15m @ 7.08 g/t Au, 143.95 g/t Ag, 0.71% Pb and 0.99% Zn from 103 meters to 123.15 meters, including 6.8m @ 12.94 g/t Au, 225.32 g/t Ag, 1.23% Pb and 1.12% Zn from 113.7 meters to 120.5 meters in the hole SC11-13-UG.

About New Pacific Metals Corp.

New Pacific Metals Corp. is a Canadian near-term gold and silver production mining company engaged in the exploration and development of gold poly-metallic properties in the Yukon, Canada. The Company's only project is the Tagish Lake Gold Property in Yukon Territory. With experienced management and sufficient technical and financial resources, the Company is well positioned to build shareholder value through discovery, exploration and resource development.

Last: 1.14Range: 2.50-0.98Market Cap: 76.7 million

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Pelangio Exploration Intersects 2.24 g/t Gold Over 19 Metres at Pokukrom East Zone on the Manfo Property

Pelangio Exploration Inc. (TSX VENTURE:PX)(OTCBB:PGXPF)

is pleased to announce results from 21 additional diamond drill holes totaling 4,627 metres on the Manfo Property in Ghana. Highlights of the results reported today include:

Pokukrom East Gold Zone

1.06 grams per tonne (g/t) gold over 22 metres in SPDD-156 from surface;

1.00 g/t gold over 60 metres in SPDD-157 from 163 metres down-hole;

2.48 g/t gold over 9 metres in SPDD-159 from surface;

2.47 g/t gold over 9 metres in SPDD-164 from 123 metres down-hole;

2.24 g/t gold over 19 metres in SPDD-166 from 263 metres down-hole, confirming the zone to 277 metres depth;

1.03 g/t gold over 23 metres in SPDD-172 from surface.

Nfante East Gold Zone

1.07 g/t gold over 19 metres in SFDD-150 from 48 metres down-hole;

About Pelangio

Pelangio successfully acquires and explores camp-sized land packages in world-class gold belts, while using innovative corporate restructuring to maximize shareholder value. The Company primarily operates in Ghana, West Africa, an English-speaking, common law jurisdiction that is consistently ranked amongst the most favourable mining jurisdictions in Africa. Drilling is currently underway on two 100%-owned camp-sized properties: the company-making 100 km2 Manfo Property, the site of four recent near-surface, high grade and bulk tonnage, gold discoveries, and the potentially game-changing 290 km2 Obuasi Property, located four kilometres on strike and adjacent to AngloGold Ashanti's prolific, high-grade Obuasi Mine, which has produced over 30 million ounces of gold since 1897.

Last: 0.60Range: 1.31-0.40Market Cap: 74 million

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MagneGas Announces $2.7 Million Private Placement Transaction

MagneGas Corporation ("MagneGas" or the "Company") (OTCBB: MNGA), the producer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that it has entered into a definitive agreement with investors to sell in a private placement 16,875,000 shares of its common stock and warrants to purchase 16,875,000 shares of its common stock at a purchase price of $0.16 per unit, resulting in gross proceeds to the Company of $2.7 million, before deducting placement agent fees and other offering expenses. The warrants are exercisable at an exercise price of $0.30 per share and expire five years from the initial closing date.

Proceeds from the private placement will be used primarily to launch in full to the national metal working market by installing refinery filling stations in Detroit, wholly owned and operated by MagneGas Corporation, and to significantly expand the Company's fuel cylinder inventory to fill more and larger orders.

About MagneGas Corporation (www.magnegas.com)

Founded in 2007, Tampa-based MagneGas Corporation (OTCBB: MNGA) is the producer of MagneGas™, a natural gas alternative and metal working fuel that can be made from industrial, municipal, agricultural and military liquid wastes following the receipt of appropriate governmental permits.

Last Trade: 0.2252 Week: 0.318 – 0.08Market Cap: 29.24 Million

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