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 16th, 2012, and we’ve found 2 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.

Avion Achieves Record Production for the First Quarter of 2012 With Over 26,000 Ounces of Gold Produced and Revenues of $33 Million Achieved With Record Grades Encountered at Tabakoto

Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the "Company")

today announces its financial results for the first quarter ended March 31, 2012. All amounts are in United States dollars unless otherwise indicated.

Complete unaudited financial statements and the related Management's Discussion and Analysis are available under the Company's profile on www.sedar.com.

First Quarter Highlights:

• The Company had a net loss of $6.2 million or $0.01 per share, for the quarter as compared to net income of $12.6 million or $0.03 per share for the comparable quarter last year. The loss in earnings is primarily related to: The change in fair value of the call options of $6.4 million, higher operating costs as Avion transitions to underground mining; depletion and depreciation charges of $5.1 million and foreign exchange losses of $3.0 million.
• The Company achieved revenue of $33.0 million for the quarter compared to revenues of $31.8 million for the comparable quarter last year, representing a 4% increase.
• Avion produced 26,256 ounce of gold during the quarter after final refinery adjustments at a cash cost of per ounce produced of $898. Please see "Non-GAAP Measures" below. Mining and processing costs were $19.0 million compared to $13.0 million for the comparable quarter last year.
• Production mining at the Tabakoto underground deposit commenced in February, 2012. During the first quarter of 2012 approximately 86,000 tonnes of ore was mined from stopes and development headings at an average estimated grade of 5.40 g/t Au.
• During the quarter the Company sold 19,460 ounces of gold at an average realized price of $1,694 per ounce. The build-up of gold inventories at March 31 included gold readily available for shipment and refining of 6,188 ounces. These ounces were sold in April and will benefit the operating profit in the 2nd quarter of 2012.

About Avion Gold Corporation . Avion is a Canadian-based gold mining company focused in West Africa that holds 80% of the Tabakoto and Ségala 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. 2011 production was 91,200 ounces of gold. The current mineral reserve estimate (as of January 1, 2012) of 6.91 million tonnes grading 3.73 g/t Au totaling 827,100 ounces of gold (proven and probable), for the Tabakoto project property, demonstrates several sources of excellent grade open pit and good grade underground mineral resources thus providing significant flexibility for Avion's future mining plans.

Last: 0.485Range: 2.57-0.47Market Cap: 214 million

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Patient Safety Technologies Reports First Quarter 2012 Results

Patient Safety Technologies, Inc. (the "Company," OTCBB:PSTX, OTCQB:PSTX) today announced results for its first quarter of 2012 ended March 31st, 2012.

Total revenue for the first quarter of 2012 was $3.1 million. This compares with total revenue for the first quarter of 2011 of $2.0 million, representing year over year growth in reported quarterly revenue of 57%. First quarter of 2011 revenue of $2.0 million included approximately $0.6 million of revenue from filling a $10 million

Additionally, the Company ended the first quarter of 2012 with outstanding backorders of $1.2 million. This compares to outstanding backorders of approximately $0.3 million at the end of the fourth quarter of 2011.

During the first quarter of 2012 the Company generated an Adjusted Operating Loss (as defined below) of $0.7 million and a GAAP operating loss of $1.3 million. This compares with an Adjusted Operating Loss of $0.8 million and a GAAP operating loss of $0.8 million generated during the first quarter of 2011.

About Patient Safety Technologies, Inc. and SurgiCount Medical
Patient Safety Technologies, Inc., through its wholly-owned operating subsidiary SurgiCount Medical, Inc., provides the Safety-Sponge® System, a solution proven to improve patient safety and reduce healthcare costs by preventing one of the most common errors in surgery, retained foreign objects. For more information, contact SurgiCount Medical, Inc. at (949) 387-2277 or visit www.surgicountmedical.com.

Last Trade: 1.58 52 wEEK: 1.75– 0.82 Market Cap: 53.76 Million

Cross Border Announces First Quarter 2012 Financial Results

Cross Border Resources, Inc. (OTCQX: XBOR), ("Cross Border" or "the Company"), a San Antonio-based oil and gas exploration and production company, today announced its financial results for the first quarter ended March 31, 2012.

First Quarter 2012 Financial and Operating Highlights

• Oil and gas revenues increased by 128% year-over-year to $3.6 million, up from $1.6 million in the first quarter of 2011.

• Production volume totaled 41,477 barrels of oil equivalent ("boe"), an increase of 91% compared to 21,772 boe in the first quarter of 2011.

• Average daily production sold during the first quarter of 2012 was 456 barrels of oil equivalent per day ("boepd") compared to 242 boepd for the first quarter of 2011. The daily average sales rate for March 2012 was 750 boepd.

• Adjusted EBITDA increased 277.4% year-over-year to $2.0 million, up from $0.5 million in the first quarter of 2011.

• Operating income for the quarter ended March 31, 2012 amounted to $1.4 million as compared to an operating loss of $143,079 for the prior-year quarter.

• Net income for the quarter ended March 31, 2012 was $658,145 as compared to a net loss of $154,916 for the same period in 2011. Net income per diluted share was $0.04 for the first quarter of 2012.

Cross Border Resources, Inc. is an oil and gas exploration company holding more than 868,000 gross (some 295,000 net) mineral and lease acres, located primarily in New Mexico. The company's current operations focus on the prolific, multi-play/multi-pay Permian Basin, which offers Cross Border rapid-growth potential. The company seeks to become the premier, non-operated working interest owner in the Permian's rapidly emerging, unconventional plays - in addition to participating in the basin's well-established, conventional plays. Some 26,000 of Cross Border's net acres lie within the Permian Basin.

Last Trade: 1.75 52 Week: 2.75 – 1.11 Market Cap: 28 Million