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 April 16th, 2012, 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 ... or click on the image below.

Pele Mountain Announces Updated Preliminary Economic Assessment for Eco Ridge Mine Rare Earths and Uranium Project: $2.16-Billion Pre-Tax Cash Flow, $1.02-Billion NPV (10% Discount Rate), 50% IRR

85-Percent of Project Revenue from Heavy Rare Earths, Neodymium and Uranium

Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF)

today announced results of an updated 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 Inc. ("RPA") and demonstrates that Eco Ridge has excellent potential to become a profitable producer of rare earths and U3O8.

Operational highlights of the updated PEA include:

• 9,000-tonne per day operation with life-of-mine production of 97.2-million lbs of total REO (in the form of a mixed rare earth carbonate concentrate) and 27.5-million lbs of U3O8 over an 11-year mine life;
• Production of a strategically significant combination of rare earths forecast to remain in supply deficit, with 85-percent of Project revenue from Heavy REO, neodymium oxide (Nd2O3) and U3O8.
• Life-of-mine production includes 14.2-million lbs of Nd2O3, 882,000 lbs of dysprosium oxide (Dy2O3), 4.1-million lbs of yttrium oxide (Y2O3) and significant quantities of terbium and europium oxides, providing a vital source of Critical REO outside China.
• Light REO recoveries average 89-percent, Heavy REO recoveries average 78-percent, and U3O8 recovery averages 90-percent;
• Increased mineral resources include new Hanging Wall Zone ("HWZ") mineralization and recently drilled lateral extensions of the Main Conglomerate Bed ("MCB").

About Pele

Pele Mountain Resources, a leader in Canadian rare earth development, is focused on the sustainable development of its 100-percent owned Eco Ridge Mine Rare Earths and Uranium Project. Eco Ridge is located in Elliot Lake, the only Canadian mining camp to have ever achieved commercial REO production. At one time, Elliot Lake supplied 35-percent of the world's yttrium. With well-understood geology, mineralogy, and metallurgy, excellent regional infrastructure, and strong local support, Eco Ridge is an ideal location for a safe, secure, and reliable long-term supply of REO and U3O8. Pele has also entered into an agreement to purchase the Simon Rare Earth Claims in Mountain Pass, California.

Last: 0.11Range: 0.345-0.105Market Cap: 16.3 million

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Fortuna Reports Record Silver Production of 953,091 Ounces and 5,137 Ounces of Gold for First Quarter 2012

Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI)

announces production figures for the first quarter of 2012 from its two operating mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. Both mines are performing above planned production levels and the Company is on schedule to deliver 3.7 million ounces of silver and 17,400 ounces of gold or 4.6 million ounces of silver equivalent plus significant base metal by-product in 2012.

First Quarter Production Highlights

Silver production of 953,091 ounces; 4.3% increase over Q4 2011

Gold production of 5,137 ounces; 23.7% increase over Q4 2011

Lead production of 4,443,367 pounds; 1.1% increase over Q4 2011

Zinc production of 5,320,639 pounds; 6.5% decrease over Q4 2011

Fortuna Silver Mines Inc.

Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America. Our primary assets are the Caylloma silver mine in southern Peru and the San Jose silver-gold mine in Mexico. The Company is selectively pursuing additional acquisition opportunities.

Last: 4.12Range: 7.58-3.86Market Cap: 513 million

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First Point Reports a 1.2-Billion-Tonne Inferred Mineral Resource Grading 0.113% Recoverable Nickel for Its Decar Nickel Alloy Project

First Point Minerals Corp. (TSX VENTURE:FPX)

is pleased to announce the results of an independent National Instrument ("NI") 43-101 compliant mineral resource estimate for the Baptiste deposit at its Decar nickel alloy project in central British Columbia. The Decar project is managed and operated by Cliffs Natural Resources Exploration Canada Inc., an affiliate of Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF) ("Cliffs").

Baptiste Deposit Mineral Resource:

About First Point

First Point Minerals Corp. is a Canadian base and precious metal exploration company. For more information, please view the Company's website at www.firstpointminerals.com.

Last: 0.61Range: 1.06-0.39Market Cap: 56.2 million

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