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Message: AGORACOM Small Cap TV - June 28th - Highlights

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 June 28th, 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.

McEwen Mining Announces Resource Update at the Los Azules Copper Project in Argentina

McEwen Mining Inc. (NYSE:MUX)(TSX:MUX)

is pleased to announce an updated resource estimate for its 100% owned Los Azules Copper Project in San Juan Province, Argentina. Drilling has increased both the level of confidence associated with the mineralization and the size of the resource. The estimated contained copper metal in the Indicated Resource category has increased by 109% to 4.6 billion lbs. and the estimated contained copper metal in the Inferred Resource category increased by 4% to 10.8 billion lbs.

 
Los Azules Copper Project Resource Highlights
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June 2010June 2012
Resource EstimateResource Estimate Update
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Cut-offTonnageCuTonnageCu% Change 
Grade(million GradeCu lbs(million GradeCu lbs (contained 
(Cu%)tonnes)(%) (billions)tonnes)(%) (billions)Cu) 
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Indicated Resource
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0.351370.732.23230.654.6+109%
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Inferred Resource
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0.359000.5210.49480.5210.8+4%

About McEwen Mining (www.mcewenmining.com)

The goal of McEwen Mining is to qualify for inclusion in the S&P 500 by 2015 by creating a high growth, low-cost, mid-tier gold producer focused in the Americas. McEwen Mining's principal assets consist of the San Jose Mine in Santa Cruz, Argentina (49% interest); the El Gallo Complex in Sinaloa, Mexico; the Gold Bar Project in Nevada, US; the Los Azules Project in San Juan, Argentina and a large portfolio of exploration properties in Argentina, Nevada and Mexico.

Last: 3.10Range: 6.68-2.02Market Cap: 538 million

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Prodigy Drills 153 Metres Grading 1.05 gpt Gold and Shallow Higher Grade Zone at Magino: 39 Metres Grading 3.40 gpt Gold

Prodigy Gold Inc. (PDG - TSX Venture, KX3 - FWB)

is pleased to announce results from 15,318 metres of diamond drilling completed at Magino Mine gold project since April 30, 2012. Highlights from the 66 diamond drill holes, part of a 60,000 metre drill campaign, are reported below and include153.0 metres grading 1.05 gpt gold in drill hole MA12-353, 83.0 metres grading 1.65 gpt gold in drill hole MA12-340, and a shallow higher grade zone in drill MA12-299: 39.0 metres grading 3.40 gpt gold including 5.0 metres grading 24.75 gpt gold. Many of the drill holes reported below are shallow in-fill drill holes designed to increase drill hole density in near surface portions of the deposit and establish continuity of higher grade geologic domains. Because of the volume of data and its significance, the resource update for the Magino project will be expanded to include these in-fill and resource expansion drill results; the resource update should be completed within a few weeks.

About Prodigy Gold:

Prodigy Gold Inc. (PDG: TSX.V) is currently evaluating the development of the Magino mine gold project in Ontario as an open-pit mining opportunity with the potential for deeper, higher grade gold production. The Magino project contains Indicated gold resources of 2,176,000 ounces grading 1.00 gpt gold (67.6 million tonnes), and 1,721,000 ounces of Inferred gold resources grading 0.99 gpt gold (54.2 million tonnes) at a cut off grade of 0.35 gpt gold. A Preliminary Economic Assessment (PEA) shows a pre-tax NPV of $939 million and an IRR of 36% using a 5% discount rate for the project.

Last: 0.54Range: 1.03-0.395Market Cap: 158 million

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Cornerstone and Thundermin Retain P&E Mining Consultants Inc. to Undertake a NI 43-101 Mineral Resource Estimate for the Whalesback Copper Deposit

Cornerstone Capital Resources Inc. ("Cornerstone") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (OTCBB:CTNXF)

and 50% joint venture partner Thundermin Resources Inc. ("Thundermin") (TSX-THR) announce that they have retained P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario to undertake a National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate for the 100% owned, past-producing Whalesback Copper Mine ("Whalesback"). Recent drilling completed by Cornerstone and Thundermin at Whalesback has extended the historical strike length and depth of the deposit (see news releases dated February 23 and May 10, 2012). The Whalesback mineralization is expected to increase the total mineral resource available for mining and enhance the economics of establishing a new copper mining and milling operation at the adjacent Little Deer Copper Deposit ("Little Deer") which was estimated by P&E to contain NI 43-101 compliant Indicated Resources of 1,911,000 tonnes grading 2.37% Cu (99.8 million pounds of copper) and Inferred Resources of 3,748,000 tonnes grading 2.13% Cu (175.0 million pounds of copper) (see news release dated December 8, 2011). Whalesback is located approximately 10 km north of Springdale in north-central Newfoundland and approximately 800 m north of Little Deer.

About Cornerstone:

Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Canada, Ecuador and Chile, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. Commitments from JV partners constitute significant validation of the strength of Cornerstone's projects.

Last: 0.105Range: 0.39-0.055Market Cap: 14.8 million

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Last Trade: 0.178 52 Week: 0.191 – 0.042 Market Cap: 28.97 Million

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