VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 22, 2012) - Sandstorm Metals & Energy Ltd. (“Sandstorm”) (TSX VENTURE:SND) is pleased to provide an update on the development at the Bracemac-McLeod Mine (“Bracemac-McLeod”), as reported by Donner Metals Ltd. (“Donner”) (TSX VENTURE:DON) who is a joint venture partner with Xstrata Canada Corp. – Xstrata Zinc Canada Division (“Xstrata”), as well as provide an update to the previously announced amendment to the coal streaming agreement with Royal Coal Corp. (“Royal Coal”) (TSX VENTURE:RDA).

Bracemac-McLeod Mine

The development plan at Bracemac-McLeod has been revised to access the McLeod Zone with two ramps by early 2013. This change will not affect the existing development budget but reschedules production from the McLeod Zone to commence in late 2013 as opposed to mid 2014 under the original plan. The new development plan improves the overlap and timing of production from both the Bracemac and McLeod Zones with production from the Bracemac Zone expected to begin in the first half of 2013.

Underground drilling is scheduled to begin in mid 2012 on both the Bracemac and McLeod Zones. The objective of the underground drill program is to expand resources and to bring additional deposits into the mine plan.

Below is status summary of the mine development at Bracemac-McLeod:

Surface
Haulage road to Matagami mill	Complete
Ramp portal at BAS pit, and stockpile and waste rock pads	Complete
Access road to BAS pit	Complete
Power, water service, surface pumps and mine water line to treatment facilities	Complete
Power and access to vent/fill raise sites	Complete
Surface garage and support buildings (will be augmented by Persévérance buildings)	Complete
Matagami mill (2950 tonnes per day capacity – upgraded in 2007-2008)	Existing
Tailings Facility	Existing
Railroad and highway (zinc and copper concentrate shipping)	Existing

Underground
Ramp to Bracemac area and underground power supply (Bracemac)	Complete
Temporary ventilation	Complete
Multi-face development to Bracemac ore lenses	In progress
Ramps to MacLeod zone	In progress
Vent and fill raise construction	In progress
Underground pumping system	In progress
Equipment purchase and transfer from the Persévérance Mine	Ongoing as needed

Sandstorm has a copper streaming agreement with Donner to purchase 17.5% of the life of mine copper produced from Bracemac-McLeod at an ongoing per pound price of US$0.80 (if the copper price falls below US$2.75 per pound, Sandstorm’s ongoing price per pound drops to US$0.55).

Sandstorm President and CEO Nolan Watson commented, “Xstrata and Donner have done an excellent job in meeting and exceeding development targets while remaining on budget. We look forward to initial production in 2013.”

Xstrata Zinc is the project operator for Bracemac-McLeod and all of the respective joint ventures. As operator, Xstrata Zinc is responsible for the execution of all development, production and exploration programs on the property. This includes resource evaluation, sampling, submittal of samples for assay, assay verification, metallurgical evaluation and QA/QC.

Royal Coal Update

On December 22, 2011, Sandstorm announced an amendment to the coal streaming agreement with Royal Coal, the terms of which were contingent upon Royal Coal raising Cdn$5 million by means of an equity financing. Earlier today, Royal Coal announced the withdrawal of their preliminary prospectus and therefore, the previously announced amendment will not take effect.

Royal Coal is currently unable to meet its ongoing financial obligations in terms of operational requirements and debt servicing. Sandstorm has senior security over the assets of Royal Coal.

ABOUT SANDSTORM METALS & ENERGY

Sandstorm Metals & Energy Ltd. is a growth focused resource based company that seeks to complete commodity purchase agreements with companies that have advanced stage development or operating projects. A commodity purchase agreement involves Sandstorm making an upfront cash payment to its partners and in exchange, Sandstorm receives the right to purchase a percentage of the commodity produced for the life of the asset, at a fixed price per unit. Sandstorm helps other companies in the resource industry grow their business, while acquiring attractive assets in the process.

Sandstorm Metals & Energy is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed commodity purchase agreements with Novadx Ventures Corp., Royal Coal Corp., Terrex Energy Inc., Donner Metals Ltd. and Thunderbird Energy Corp.

For more information visit: http://www.sandstormmetalsandenergy.com.

Cautionary Note Regarding Forward-Looking Information

Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information is based on reasonable assumptions that have been made by Sandstorm as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by the forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; problems inherent to the marketability of minerals; industry conditions, including fluctuations in the price of metals, fluctuations in foreign exchange rates and fluctuations in interest rates; stock market volatility; competition; as well as those factors discussed in the section entitled “Risks to Sandstorm” in Sandstorm’s annual report for the financial year ended December 31, 2010. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Sandstorm does not undertake to update any forward-looking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. Sandstorm does not provide any representation as to its comparability with other companies in its industry including, but not limited to, Silver Wheaton Corp., Royal Gold, Inc., and Franco-Nevada Corporation.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 22, 2012) - Don Lindsay, Teck Resources Limited’s (TSX: TCK.A and TCK.B, NYSE: TCK) (“Teck”) President & CEO, will be presenting at the 21st Annual BMO Capital Markets Global Metals & Mining conference on Monday, February 27, 2012 at 10:30 a.m. Eastern/ 7:30 a.m. Pacific time. The investor presentation will include information on company strategy, financial performance, and outlook for the company’s business units.

The presentation will be webcast through the following link at: http://audability.com/AudabilityAdmin/Clients/TeckResources/101169_227201280000AM/.

Alternatively, the webcast with supporting slides will be available on Teck’s homepage at: www.teck.com.

About Teck

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 22, 2012) -

(All amounts in US dollars unless otherwise stated and all production figures are approximate)

Pan American Silver Corp. (TSX:PAA)(NASDAQ:PAAS) (“Pan American” or the “Company”) today announced the results of its 2011 exploration activities, which more than replaced the Proven and Probable silver Mineral Reserves mined during 2011.

Last year, Pan American spent $25.1 million in direct exploration, completing over 190,000 meters of diamond drilling at its seven operating mines and selected greenfield projects. Through its successful 2011 exploration program, the Company discovered 29.3 million ounces of new Proven and Probable silver Mineral Reserves, which more than replaced the 24.7 million contained ounces of silver that were mined during 2011. At December 31, 2011, Pan American had Proven and Probable silver Mineral Reserves of 235.3 million contained ounces, an increase of 2% as compared to 2010′s year-end Mineral Reserves.

The most notable exploration success was at the La Colorada mine, where exploration drilling added 10.6 million new ounces of silver. In 2011, La Colorada’s Mineral Reserves grew by 15% from the prior year, to 44.1 million ounces of high grade Proven and Probable silver Mineral Reserves at December 31, 2011. La Colorada now has the second-largest Mineral Reserve in the Company’s portfolio of assets, behind the Huaron mine, which has 60.9 million ounces of silver in Proven and Probable Mineral Reserves. In the past three years, Pan American has discovered over 39 million ounces of new Proven and Probable silver Reserves at La Colorada, mainly in sulphide mineralization of the NC2 vein. The NC2 vein remains open at depth and to the east and will continue to be the focus of further exploration this year. The sulphide mineralization at La Colorada not only contains higher silver grades, but also contains substantial base metal and gold grades.

At the Alamo Dorado mine, exploration activities included infill drilling, collection of new geotechnical data, cost analysis and revision of the Mineral Resource estimation methodology. This work added 4.3 million ounces to Proven and Probable silver Reserves, which will extend Alamo Dorado’s mine-life by approximately one more year. The Company plans to carry out additional work in 2012 to further optimize the mine’s design and to potentially include a Phase 3 pit extension.

Other highlights of the 2011 exploration campaign include the complete replacement of silver ounces mined during 2011 at Huaron, Quiruvilca and San Vicente; however, industry-wide cost pressures, particularly in Argentina and the deterioration of concentrate sales terms, specifically for silver-rich copper concentrates from the Company’s Peruvian and Bolivian operations, negatively impacted the exploration results at some of our operations.

The following table illustrates the changes in Pan American’s estimated Proven and Probable silver Mineral Reserves, year-over-year:

1. Prices used to calculate Mineral Reserves for 2011 were Ag $18.00 per ounce, Au $1,100 per ounce, Pb $1,950 per tonne, Zn $1,950 per tonne and Cu $6,500
2. Prices used to calculate Mineral Reserves for 2012 were Ag $25.00 per ounce, Au $1,350 per ounce, Pb $1,850 per tonne, Zn $1,750 per tonne and Cu $6,500

At 708.8 million ounces, Pan American’s Measured and Indicated silver Mineral Resources at December 31, 2011 were practically flat year-on-year, while Inferred silver Mineral Resources grew 26.5 million ounces to 271.7 million ounces. These additions do not include the Mineral Resource estimate update currently underway at the Navidad development project, where the company conducted an extensive infill and confirmation drilling campaign during 2011. These Mineral Resources will be updated when the Company issues the results of Navidad’s Feasibility Study later in 2012.

Commenting on this year’s exploration results, Michael Steinmann, Executive Vice President Geology and Exploration said, “2011 was another exceptional year for our brownfield exploration programs, which not only replaced the silver ounces we mined, but also increased our Proven and Probable silver Reserves. Since 2004, our continued focus on mine-site exploration has generated substantial new value by adding over 198 million ounces of Proven and Probable silver Mineral Reserves, more than replacing the 165 million ounces we mined during the same period.”

In 2012 Pan American expects to invest $15.5 million to complete approximately 116,000 meters of diamond drilling at its seven operating mines. In addition, the Company also plans to spend $7.8 million on greenfield exploration activities at selected properties in Mexico, Peru and Argentina.

Complete Mineral Reserve and Resource information for all metals, including tonnage and grades is available at www.panamericansilver.com.

Complete silver and gold Mineral Reserve and Resource information at December 31, 2011 is as follows:

MINERAL RESERVES – PROVEN AND PROBABLE
Property	Location	Type	Classification	Tonnes (Mt)	Ag (g/t)	Contained Ag (Moz)	Au (g/t)	Contained Au (000′s oz)
Huaron	Peru	Vein	Proven	6.1	188	36.8	N/A	N/A
		Vein	Probable	4.2	177	24.1	N/A	N/A
Morococha (92.2%)	Peru	Vein/Mantos	Proven	4.0	153	19.8	N/A	N/A
		Vein /Mantos	Probable	3.1	177	17.4	N/A	N/A
La Colorada	Mexico	Vein	Proven	1.8	399	22.5	0.44	24.6
		Vein	Probable	1.8	383	21.6	0.41	23.4
Quiruvilca	Peru	Vein	Proven	0.6	138	2.5	0.82	14.6
		Vein	Probable	0.4	136	1.7	0.77	9.5
Alamo Dorado	Mexico	Disseminated	Proven	7.0	88	19.7	0.28	63.8
		Disseminated	Probable	2.1	89	6.01	0.52	35.0
Manantial Espejo	Argentina	Vein	Proven	4.2	144	19.6	2.17	295.4
		Vein	Probable	2.2	135	9.6	2.13	151.2
San Vicente (95%)	Bolivia	Vein	Proven	1.7	449	24.1	N/A	N/A
		Vein	Probable	0.8	380	10.0	N/A	N/A
TOTAL (i)			Proven + Probable	39.9	184	235.3	0.96	617.6

MINERAL RESOURCES – MEASURED AND INDICATED
Property	Location	Type	Classification	Tonnes (Mt)	Ag (g/t)	Contained Ag (Moz)	Au (g/t)	Contained Au (000′s oz)
Huaron	Peru	Vein	Measured	1.0	157	4.8	N/A	N/A
		Vein	Indicated	0.7	157	3.6	N/A	N/A
Morococha (92.2%)	Peru	Vein/Mantos	Measured	1.4	124	5.6	N/A	N/A
		Vein /Mantos	Indicated	2.1	173	11.6	N/A	N/A
La Colorada	Mexico	Vein	Measured	0.2	194	1.0	0.18	1.0
		Vein	Indicated	1.0	370	12.3	0.39	12.9
Quiruvilca	Peru	Vein	Measured	0.3	121	1.0	0.44	3.5
		Vein	Indicated	0.3	120	1.1	0.37	3.5
Silver Stockpiles	Peru	Flux Material	Measured	0.2	318	1.9	N/A	N/A
Alamo Dorado	Mexico	Disseminated	Measured	1.0	49	1.7	0.22	7.4
		Disseminated	Indicated	2.1	82	5.5	0.35	23.5
Manantial Espejo	Argentina	Vein	Measured	2.2	98	7.0	1.16	83.6
		Vein	Indicated	3.7	85	10.1	1.01	119.8
San Vicente (95%)	Bolivia	Vein	Measured	0.4	120	1.7	N/A	N/A
		Vein	Indicated	0.2	112	0.8	N/A	N/A
Navidad	Argentina	Mantos, Diss.	Measured	15.4	137	67.8	N/A	N/A
		Mantos, Diss.	Indicated	139.8	126	564.5	N/A	N/A
Pico Machay	Peru	Disseminated	Measured	4.7	N/A	N/A	0.91	137.5
		Disseminated	Indicated	5.9	N/A	N/A	0.67	127.1
Calcatreu	Argentina	Vein	Indicated	8.0	26	6.6	2.63	676.0
TOTAL (i)			Measured + Indicated	190.6	122	708.8	1.26	1,195.8

MINERAL RESOURCES – INFERRED
Property	Location	Type	Classification	Tonnes (Mt)	Ag (g/t)	Contained Ag (Moz)	Au (g/t)	Contained Au (000′s oz)
Huaron	Peru	Vein	Inferred	7.1	176	40.0	N/A	N/A
Morococha (92.2%)	Peru	Vein/Mantos	Inferred	7.5	159	38.2	N/A	N/A
La Colorada	Mexico	Vein	Inferred	3.4	275	30.1	0.28	31.1
Quiruvilca	Peru	Vein	Inferred	1.4	109	4.7	0.59	25.7
Alamo Dorado	Mexico	Disseminated	Inferred	0.4	57	0.7	0.91	11.1
Manantial Espejo	Argentina	Vein	Inferred	1.6	89	4.6	1.07	54.7
San Vicente (95%)	Bolivia	Vein	Inferred	2.8	353	32.2	N/A	N/A
Navidad	Argentina	Mantos, Diss.	Inferred	45.9	81	119.4	N/A	N/A
Pico Machay	Peru	Disseminated	Inferred	23.9	N/A	NA	0.58	445.7
Calcatreu	Argentina	Vein	Inferred	3.4	17	1.8	2.06	226.0
TOTAL (i)			Inferred	97.3	115	271.7	0.73	794.4

HISTORICAL ESTIMATES
Property	Location	Unclassified	Tonnes (Mt)	Ag (g/t)	Contained Ag (Moz)	Au (g/t)	Contained Au (000′s oz)
Hog Heaven (ii)	USA	Historical	2.7	167	14.6	0.62	53.9
Hog Heaven (ii)	USA	Historical	7.6	133	32.7	0.70	171.9
Waterloo (iii)	USA	Historical	33.8	93	100.9	N/A	N/A
TOTAL (i)		Historical	44.1	104	148.2	0.68	225.8

(i)Totals may not add-up due to rounding.
(ii) The historical estimate for Hog Heaven was prepared by Gregory Hahn, Chief Geological Engineer for CoCa Mines Inc., a previous owner of the property, in a report titled “Hog Heaven Project Optimization Study” dated May 1989, prior to implementation of NI 43-101. The historical estimate was based on extensive diamond drilling, and was estimated using a silver price of $6.50 per ounce and a gold price of $400 per ounce (these were relevant prices at the time of the estimate).Michael Steinmann, P.Geo, has reviewed the available data, including drill sections, surface maps, and additional supporting information sources, and believes that the historic estimate was conducted in a professional and competent manner and is relevant for the purposes of the Company’s decision to maintain its interest in this property. In the study, the historic estimate was sub-categorized as follows:
Category	Tons	oz/ton Ag	oz/ton Au
Proven Reserves	2,981,690	4.88	0.018
Probable & Possible Reserves	904,200	10.40	0.020
Heap leach ore	316,100	1.56	0.014
Possible Resources	4,500,000	2.41	0.020
Inferred Resources	2,700,000	4.44	0.022

Mineral Resource and Reserve estimates for Huaron, Quiruvilca, San Vicente, La Colorada, Manantial Espejo, Alamo Dorado, Morococha, Pico Machay and Calcatreu were prepared under the supervision or were reviewed by Michael Steinmann, P. Geo., Executive Vice-President Geology & Exploration and Martin G. Wafforn, P. Eng., Vice-President Mine Engineering as Qualified Persons as that term is defined in National Instrument 43-101 (“NI 43-101″). Navidad Mineral Resource estimates were prepared by Pamela De Mark, P. Geo., Director, Resources, also a Qualified Person as that term is defined in NI 43-101. Reserve/Resource estimates for Silver Stockpiles were prepared in previous years by other Qualified Persons. Mineral Resource estimates for Hog Heaven and Waterloo are based on historical third party estimates.

Michael Steinmann and Martin Wafforn, each of whom are Qualified Persons, as the term is defined in NI 43-101, have reviewed and approved the contents of this press release.

About Pan American Silver

Pan American Silver is the world’s second-largest primary silver producer. The Company’s mission is to become the world’s largest low-cost primary Silver mining company by increasing its silver production and silver Mineral Reserves. The Company has seven mines in Mexico, Peru, Argentina and Bolivia. Pan American also owns the Navidad silver development project in Chubut, Argentina, the Calcatreu gold project in Rio Negro, Argentina and is the operator of the La Preciosa joint venture project in Durango, Mexico.

THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS” WITHIN THE MEANING OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND “FORWARD-LOOKING INFORMATION” WITHIN THE MEANING OF APPLICABLE CANADIAN SECURITIES LEGISLATION. STATEMENTS CONTAINING FORWARD-LOOKING INFORMATION EXPRESS, AS AT THE DATE OF THIS NEWS RELEASE, THE COMPANY’S PLANS, ESTIMATES, FORECASTS, PROJECTIONS, EXPECTATIONS, OR BELIEFS AS TO FUTURE EVENTS OR RESULTS AND THE COMPANY DOES NOT INTEND, AND DOES NOT ASSUME ANY OBLIGATION TO, UPDATE SUCH STATEMENTS CONTAINING THE FORWARD-LOOKING INFORMATION. SUCH FORWARD-LOOKING STATEMENTS AND INFORMATION INCLUDE, BUT ARE NOT LIMITED TO STATEMENTS AS TO: THE ACCURACY OF ESTIMATED MINERAL RESERVES AND RESOURCES, ANTICIPATED RESULTS OF FUTURE EXPLORATION, AND FORECAST FUTURE PRECIOUS METAL PRICES. AND EXPECTATIONS THAT ENVIRONMENTAL, PERMITTING, LEGAL, TITLE, TAXATION, SOCIO-ECONOMIC, POLITICAL, MARKETING OR OTHER ISSUES WILL NOT MATERIALLY AFFECT ESTIMATES OF MINERAL RESERVES.

THESE STATEMENTS REFLECT THE COMPANY’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE NECESSARILY BASED UPON A NUMBER OF ASSUMPTIONS AND ESTIMATES THAT, WHILE CONSIDERED REASONABLE BY THE COMPANY, ARE INHERENTLY SUBJECT TO SIGNIFICANT BUSINESS, ECONOMIC, COMPETITIVE, POLITICAL AND SOCIAL UNCERTAINTIES AND CONTINGENCIES. MANY FACTORS, BOTH KNOWN AND UNKNOWN, COULD CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT ARE OR MAY BE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE AND THE COMPANY HAS MADE ASSUMPTIONS AND ESTIMATES BASED ON OR RELATED TO MANY OF THESE FACTORS. SUCH FACTORS INCLUDE, WITHOUT LIMITATION: FLUCTUATIONS IN SPOT AND FORWARD MARKETS FOR SILVER, GOLD, BASE METALS AND CERTAIN OTHER COMMODITIES (SUCH AS NATURAL GAS, FUEL OIL AND ELECTRICITY); FLUCTUATIONS IN CURRENCY MARKETS (SUCH AS THE PERUVIAN SOL, MEXICAN PESO, ARGENTINE PESO AND BOLIVIAN BOLIVIANO VERSUS THE U.S. DOLLAR); RISKS RELATED TO THE TECHNOLOGICAL AND OPERATIONAL NATURE OF THE COMPANY’S BUSINESS; CHANGES IN NATIONAL AND LOCAL GOVERNMENT, LEGISLATION, TAXATION, CONTROLS OR REGULATIONS AND POLITICAL OR ECONOMIC DEVELOPMENTS IN CANADA, THE UNITED STATES, MEXICO, PERU, ARGENTINA, BOLIVIA OR OTHER COUNTRIES WHERE THE COMPANY MAY CARRY ON BUSINESS IN THE FUTURE; RISKS AND HAZARDS ASSOCIATED WITH THE BUSINESS OF MINERAL EXPLORATION,

DEVELOPMENT AND MINING (INCLUDING ENVIRONMENTAL HAZARDS, INDUSTRIAL ACCIDENTS, UNUSUAL OR UNEXPECTED GEOLOGICAL OR STRUCTURAL FORMATIONS, PRESSURES, CAVE-INS AND FLOODING); EMPLOYEE RELATIONS; RELATIONSHIPS WITH AND CLAIMS BY LOCAL COMMUNITIES AND INDIGENOUS POPULATIONS; AVAILABILITY AND INCREASING COSTS ASSOCIATED WITH MINING INPUTS AND LABOUR; THE SPECULATIVE NATURE OF MINERAL EXPLORATION AND DEVELOPMENT, INCLUDING THE RISKS OF OBTAINING NECESSARY LICENSES AND PERMITS AND THE PRESENCE OF LAWS AND REGULATIONS THAT MAY IMPOSE RESTRICTIONS ON MINING, INCLUDING THOSE CURRENTLY IN THE PROVINCE OF CHUBUT, ARGENTINA; DIMINISHING QUANTITIES OR GRADES OF MINERAL RESERVES AS PROPERTIES ARE MINED; GLOBAL FINANCIAL CONDITIONS; CHALLENGES TO, OR DIFFICULTY IN MAINTAINING, THE COMPANY’S TITLE TO PROPERTIES AND CONTINUED OWNERSHIP THEREOF; THE ACTUAL RESULTS OF CURRENT EXPLORATION ACTIVITIES, CONCLUSIONS OF ECONOMIC EVALUATIONS, AND CHANGES IN PROJECT PARAMETERS TO DEAL WITH UNANTICIPATED ECONOMIC OR OTHER FACTORS; INCREASED COMPETITION IN THE MINING INDUSTRY FOR PROPERTIES, EQUIPMENT, QUALIFIED PERSONNEL, AND THEIR COSTS; AND THOSE FACTORS IDENTIFIED UNDER THE CAPTION “RISKS RELATED TO PAN AMERICAN’S BUSINESS” IN THE COMPANY’S MOST RECENT FORM 40F AND ANNUAL INFORMATION FORM FILED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION AND CANADIAN PROVINCIAL SECURITIES REGULATORY AUTHORITIES. INVESTORS ARE CAUTIONED AGAINST ATTRIBUTING UNDUE CERTAINTY OR RELIANCE ON FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY HAS ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY, THERE MAY BE OTHER FACTORS THAT CAUSE RESULTS NOT TO BE AS ANTICIPATED, ESTIMATED, DESCRIBED OR INTENDED. THE COMPANY DOES NOT INTEND, AND DOES NOT ASSUME ANY OBLIGATION, TO UPDATE THESE FORWARD-LOOKING STATEMENTS OR INFORMATION TO REFLECT CHANGES IN ASSUMPTIONS OR CHANGES IN CIRCUMSTANCES OR ANY OTHER EVENTS AFFECTING SUCH STATEMENTS OR INFORMATION, OTHER THAN AS REQUIRED BY APPLICABLE LAW.

CAUTIONARY NOTE TO US INVESTORS CONCERNING ESTIMATES OF MEASURED AND INDICATED RESOURCES

THIS NEWS RELEASE HAS BEEN PREPARED IN ACCORDANCE WITH THE REQUIREMENTS OF CANADIAN PROVINCIAL SECURITIES LAWS, WHICH DIFFER FROM THE REQUIREMENTS OF U.S. SECURITIES LAWS. UNLESS OTHERWISE INDICATED, ALL MINERAL RESERVE AND RESOURCE ESTIMATES INCLUDED IN THIS NEWS RELEASE HAVE BEEN PREPARED IN ACCORDANCE WITH CANADIAN NATIONAL INSTRUMENT 43-101 – STANDARDS OF DISCLOSURE FOR MINERAL PROJECTS (“NI 43-101″) AND THE CANADIAN INSTITUTE OF MINING, METALLURGY AND PETROLEUM CLASSIFICATION SYSTEM. NI 43-101 IS A RULE DEVELOPED BY THE CANADIAN SECURITIES ADMINISTRATORS THAT ESTABLISHES STANDARDS FOR ALL PUBLIC DISCLOSURE AN ISSUER MAKES OF SCIENTIFIC AND TECHNICAL INFORMATION CONCERNING MINERAL PROJECTS.

CANADIAN STANDARDS, INCLUDING NI 43-101, DIFFER SIGNIFICANTLY FROM THE REQUIREMENTS OF THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (THE “SEC”), AND INFORMATION CONCERNING MINERALIZATION, DEPOSITS, MINERAL RESERVE AND RESOURCE INFORMATION CONTAINED OR REFERRED TO HEREIN MAY NOT BE COMPARABLE TO SIMILAR INFORMATION DISCLOSED BY U.S. COMPANIES. IN PARTICULAR, AND WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THIS PRESS RELEASE USES THE TERMS “MEASURED RESOURCES”, “INDICATED RESOURCES” AND “INFERRED RESOURCES”. U.S. INVESTORS ARE ADVISED THAT, WHILE SUCH TERMS ARE RECOGNIZED AND REQUIRED BY CANADIAN SECURITIES LAWS, THE SEC DOES NOT RECOGNIZE THEM. UNDER U.S. STANDARDS, MINERALIZATION MAY NOT BE CLASSIFIED AS A “RESERVE” UNLESS THE DETERMINATION HAS BEEN MADE THAT THE MINERALIZATION COULD BE ECONOMICALLY AND LEGALLY PRODUCED OR EXTRACTED AT THE TIME THE RESERVE DETERMINATION IS MADE. U.S. INVESTORS ARE CAUTIONED NOT TO ASSUME THAT ANY PART OF A “MEASURED RESOURCE” OR “INDICATED RESOURCE” WILL EVER BE CONVERTED INTO A “RESERVE”. U.S. INVESTORS SHOULD ALSO UNDERSTAND THAT “INFERRED RESOURCES” HAVE A GREAT AMOUNT OF UNCERTAINTY AS TO THEIR EXISTENCE AND GREAT UNCERTAINTY AS TO THEIR ECONOMIC AND LEGAL FEASIBILITY. IT CANNOT BE ASSUMED THAT ALL OR ANY PART OF “INFERRED RESOURCES” EXIST, ARE ECONOMICALLY OR LEGALLY MINEABLE OR WILL EVER BE UPGRADED TO A HIGHER CATEGORY. UNDER CANADIAN SECURITIES LAWS, ESTIMATED “INFERRED RESOURCES” MAY NOT FORM THE BASIS OF FEASIBILITY OR PRE-FEASIBILITY STUDIES EXCEPT IN RARE CASES. DISCLOSURE OF “CONTAINED OUNCES” IN A MINERAL RESOURCE IS PERMITTED DISCLOSURE UNDER CANADIAN SECURITIES LAWS. HOWEVER, THE SEC NORMALLY ONLY PERMITS ISSUERS TO REPORT MINERALIZATION THAT DOES NOT CONSTITUTE “RESERVES” BY SEC STANDARDS AS IN PLACE TONNAGE AND GRADE, WITHOUT REFERENCE TO UNIT MEASURES. THE REQUIREMENTS OF NI 43-101 FOR IDENTIFICATION OF “RESERVES” ARE ALSO NOT THE SAME AS THOSE OF THE SEC, AND RESERVES REPORTED BY THE COMPANY IN COMPLIANCE WITH NI 43-101 MAY NOT QUALIFY AS “RESERVES” UNDER SEC STANDARDS. ACCORDINGLY, INFORMATION CONCERNING MINERAL DEPOSITS SET FORTH HEREIN MAY NOT BE COMPARABLE WITH INFORMATION MADE PUBLIC BY COMPANIES THAT REPORT IN ACCORDANCE WITH U.S. STANDARDS.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 22, 2012) - This news release is being disseminated as required by National Instrument 62-103 The Early Warning system and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (“Early Warning Report“) regarding the acquisition of ownership and control by John Robins, of 1020 – 800 West Pender Street, Vancouver, B.C. V6C 2V6 of 1,800,000 units issued pursuant to the private placement of Bluestone Resources Inc. (the “Company“) completed on February 22, 2012. The issuance of the 1,800,000 shares comprising the units, in part, represent approximately 15.2% of the Company’s issued and outstanding common shares.

Following this acquisition, Mr. Robins owns, directly and indirectly, 2,312,095 common shares in the capital of the Company representing approximately 19.54% of the Issuer’s issued common shares. Mr. Robins also owns, directly and indirectly, options and warrants (including warrants comprising the units purchased pursuant to the private placement) entitling the purchase of an aggregate of 1,966,500 common shares of the Company’s, or, assuming exercise of all of the options and warrants owned by Mr. Robins, he would own, directly and indirectly, a total of 4,278,595 common shares or approximately 24.88% of the Company’s issued and outstanding common shares, assuming exercise of only those options and warrants held by Mr. Robins. Mr. Robins has undertaken to the Company and the TSX Venture Exchange to not vote any shares held by him at any shareholders meeting of the Company in excess of the number that is 15% of the issued and outstanding capital of the Company on the date of such meeting and exercise any options or warrants that would result in him holding more than 15% of the voting rights attached to all securities of the Company. Further, if shareholder approval is not obtained to Mr. Robins becoming a control person of the Company at the next annual general meeting of the Company, Mr. Robins has undertaken to sell, at the subscription price of the Private Placement, such number of shares equal to the excess of 15% back to the Company, or at the Company’s option, a third party purchaser.

Mr. Robins acquired the units in reliance on the exemption from the prospectus requirements contained in section 2.10 of National Instrument 45-106 Prospectus and Registration Exemptions.

Mr. Robins acquired the units for investment purposes only and may, from time to time, acquire additional securities of the Company, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position.

A copy of the Early Warning Report may be found under the Company’s profile on www.SEDAR.com.

John Robins

TORONTO, ONTARIO–(Marketwire – Feb. 22, 2012) - Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) (“Lundin Mining” or the “Company”) today reported net earnings of $183.8 million ($0.32 per share) for the fiscal year ended December 31, 2011 and $42.5 million for the fourth quarter of 2011 ($0.07 per share).

Paul Conibear, President and CEO commented, “We ended the year with a strong quarter of production, achieving record tonnages of ore mined and milled at both our Neves-Corvo and Zinkgruvan mines. These production records occurred in parallel to achieving the best annual safety record in the Company’s history, attesting to improvements made in operations company wide.

The successful start up of the expanded zinc plant at Neves-Corvo in mid-2011 has positioned the mine to become a significant by-product producer of zinc. In parallel we advanced other internal growth studies to develop strategies to access deeper Lombador mineralization and the exploitation of Semblana. We also have committed to our largest exploration program ever for 2012 to extract value from the multiple new high potential exploration targets in and around Neves-Corvo.

Internally we have staffed up in our corporate development, technical and project execution capabilities and have begun to evaluate new growth opportunities.

Tenke finished the year with strong production results and we are very excited about construction progress being made on the Phase II expansion. The significant contribution this outstanding copper operation makes to the Company is becoming quite evident and several catalysts for increasing asset value in the year ahead are expected as expanded production milestones are achieved.

As the year progressed the Company achieved improved operating cashflow, and we ended the year with a healthy balance sheet and a strong net cash position.”

Summary financial results for the quarter and year are as follows:
US $ millions (except per share amounts)	Three Months Ended December 311		Year Ended December 311
	2011	2010	2011	2010
Sales	242.1	309.3	783.8	849.2
Operating earnings2	129.3	192.3	373.8	461.7
Net earnings	42.5	146.1	183.8	306.3
Basic & diluted earnings per share	0.07	0.25	0.32	0.53
Cash provided by operations	120.3	67.9	308.7	276.1
Net cash position at December 31	236.1	159.2	236.1	159.2

Highlights

A strong fourth quarter of production generated higher than guided copper production while zinc and lead production ended the year essentially in line with expectations.

• At Neves-Corvo, ore mined and milled reached record levels. For five consecutive years, Neves-Corvo has exceeded the previous year’s volume of copper ore mined.
• Zinkgruvan also reached new record levels of ore mined and milled and it ended the year with its best quarter of zinc and copper production.
• At Aguablanca, significant progress has been made in re-establishing the pit ramp ahead of restart of nickel/copper mining operations scheduled for the second half 2012.
• Mining of remnant high grade ore and associated profits from Galmoy continued throughout the year and this provided a better than expected contribution to the Company’s cash position.
• Regarding safety performance, in 2011, Total Recordable Incident Frequency was the lowest in the Company’s history at 1.61. A similar reduction was achieved in the frequency of Lost Time Incidents for the year.
• The Company also achieved successful environmental performance with no significant incidents during the year.

Total production, compared to the latest guidance and prior years, was as follows:
	Years ended December 31
	2011 Actual	2011 Guidance	2010 Actual	2009 Actual	2008 Actual
Copper (tonnes)	75,877	71,500	80,035	93,451	97,944
Zinc (tonnes)	111,445	111,500	90,129	101,401	151,157
Lead (tonnes)	41,130	42,000	39,568	43,852	44,799
Nickel (tonnes)	nil	nil	6,296	8,029	8,136
Copper (tonnes)Tenke attributable (24.75%)	31,523	30,400	29,767	17,325	-

• Operating earnings¹ decreased by $87.9 million from $461.7 million in 2010 to $373.8 million in 2011 and sales decreased from $849.2 million in 2010 to $783.8 million in 2011. Both the decreases in sales and operating earnings¹ were largely attributable to the suspension of operations at Aguablanca which had a negative impact of $60.8 million on comparative operating earnings and $131.7 million on sales.
• Excluding Aguablanca, operating earnings for the year were $390.5 million, only $27.1 million lower than the $417.6 million attributable to 2010. Favourable price and price adjustments ($40.8 million) and higher sales volume ($18.8 million) were more than offset by the effect of higher costs of $61.3 million. In addition, the € and SEK both strengthened against the US dollar in 2011 compared to 2010, resulting in a further increase in operating costs of $25.4 million.
• Sales, excluding Aguablanca, increased by $66.3 million from $719.4 million in 2010 to $785.7 million in 2011. Higher metal prices ($40.8 million) and an increase in sales volume ($25.5 million), particularly at Galmoy, contributed to the overall increase.

  Average 2011 metal prices for copper and lead were higher by 17% and 12%, respectively, while the average price for zinc remained relatively unchanged compared to 2010.

• Operating costs (excluding depreciation) increased by $14.7 million year on year; excluding Aguablanca, the increase was $85.5 million and is primarily attributable to:
  • Neves-Corvo ($53.4 million): higher production cost in 2011 associated with the mining of lower grade ore and the increased use of contractors, partially offset by a one-time prior period royalty charge in 2010 of $8.1 million;
  • Zinkgruvan ($25.4 million): higher unit costs and the strengthening of the SEK against the US dollar; and
  • Galmoy ($6.7 million): more than doubling of ore mined and metal produced.
• General and administrative expenses increased by $7.8 million. Corporate development costs of $6.8 million were incurred in 2011 associated with the planned merger with Inmet Mining Corporation (“Inmet”), responding to Equinox Mineral Limited’s (“Equinox”) unsolicited take-over bid and the Company’s subsequent strategic review.
• Net earnings of $183.8 million ($0.32 per share) were $122.5 million less than the $306.3 million ($0.53 per share) reported in 2010. In addition to lower operating earnings¹ of $87.9 million, the decrease in net earnings was related to:
  • higher depreciation ($31.9 million) as a result of increase in ore mined, commissioning of the new zinc expansion at Neves-Corvo and the new copper mill at Zinkgruvan;
  • lower net finance income ($49.2 million) due to higher revaluation gain on marketable securities of $39.9 million and gain on derivatives contracts of $10.2 million recorded in 2010; and
  • goodwill impairment of $35.7 million related to Aguablanca; partially offset by
  • increase in equity earnings from investment in Tenke Fungurume ($18.8 million), and lower income taxes.
• Cash flow from operations for the year was $308.7 million compared to $276.1 million for 2010. The decrease in operating earnings¹ of $87.9 million is offset by the net increase in non-cash working capital change of $89.1 million. Also, included in 2010 is the cash outflow of $30.6 million that the Company paid to settle its derivative contracts.
• An impairment analysis on the Aguablanca operation concluded that the recoverable value of the mine’s net assets were lower than their carrying value. Accordingly, a $35.7 million impairment loss was measured and was allocated to goodwill during the fourth quarter of 2011.
• In August, a new mine contractor was mobilized at Aguablanca to commence pit push-backs and reinstatement of the pit haul ramp. The restart of Aguablanca concentrate production is expected in the second half of 2012. An underground mining study was also initiated intended to define potential high grade underground feed to supplement open pit production.
• The Neves-Corvo Zinc Expansion project was completed in July 2011 on budget and on schedule. Given the continued high price ratio of copper to zinc, this new circuit was converted to processing copper ore until the end of the year for better margins.
• In September 2011, the Company released the results of a Feasibility Study on the Lombador Phase I development demonstrating that the exploitation of the upper portions of the Lombador zinc/copper ore bodies could extend the mine life to at least 2026 and create a platform for further extensions. The optimal development plan for Lombador is being further examined in conjunction with assessing exploitation concepts for the Semblana copper discovery.

  Initial results of the Future Underground Materials Handling Study indicated two preferred options to pursue the exploitation of the deeper portions of the Lombador copper/zinc resource and the Semblana copper deposit (see news release dated January 23, 2012 entitled “Lundin Mining Reports on Neves-Corvo Future Underground Materials Handling Study”). Additional review is underway, taking into account ongoing exploration results, to further assess the two options.

Tenke Fungurume

• Another milestone at Tenke Fungurume was achieved through the formal announcement of the advancement of the $850 million Phase II Expansion which will bring total production capability to 195,000 tonnes per annum (“tpa”) of copper cathode with associated cobalt. The expansion includes the completion of mill upgrades, acquisition of additional mining equipment and construction of a new tankhouse. Construction on this major expansion was well advanced by 2011 year end and is tracking on schedule and on budget, targeting completion in first quarter 2013.
• Milling facilities at the Tenke Fungurume mine continued to perform well with throughput averaging 11,100 metric tons of ore per day in 2011.
• For the year ended December 31, 2011, Tenke produced 127,367 tonnes of copper and sold 128,284 tonnes at an average realized price of $3.74 per pound. During the year, 11,182 tonnes of cobalt in hydroxide was produced and 11,515 tonnes were sold at an average realized price of $9.99 per pound.
• Attributable operating cash flow at Tenke Fungurume for 2011 was $149.4 million.
• During the third quarter of 2011, the Excess Overrun Cost facility (“EOC facility”), related to the Company’s proportionate share of the Phase I development at Tenke, was fully repaid enabling the Company’s share of ongoing surplus cash from operations to be utilized to fund the Phase II Expansion.

Attributable net cash flow from Tenke, including repayments of the EOC facility, was as follows:
	Three months ended Dec 31				Year ended Dec 31
(US$ millions)	2011		2010		2011		2010
Cash advances to Tenke	(34.5	)	(7.6	)	(64.5	)	(30.5	)
Distributions from Tenke	-		-		7.8		-
Repayments on EOC facility	-		40.4		108.4		118.7
Attributable net cash (outflow) inflow	(34.5	)	32.8		51.7		88.2

Financial Position and Financing

• Net cash¹ at December 31, 2011 was $236.1 million compared to a net cash¹ position $159.2 million at the end of 2010.
• The $76.9 million increase in net cash during the year was primarily attributable to cash flow from operations ($308.7 million), including $54.8 million generated from working capital offset by: investment in mineral property, plant and equipment ($179.1 million), investment in Tenke Fungurume expansion and sustaining capital works ($64.5 million) and net repayment of debt ($10.5 million). Cash on hand at December 31, 2011 was $265.4 million.

Outlook

2012 Production and Cost Guidance

• 2012 production targets and a three year production look ahead for wholly-owned operations remains unchanged from the guidance provided on December 12, 2011 (see news release entitled “Lundin Mining Provides Operating Outlook for 2012-2014“). 2012 guidance is as follows:

			2012 Guidance
(contained tonnes)			Tonnes	C1 Cost12
Neves-Corvo		Cu	52,500 – 57,000	1.80
		Zn	30,000 – 40,000
Zinkgruvan		Zn	75,000 – 81,000	0.25
		Pb	34,000 – 39,000
		Cu	2,000 – 3,000
Galmoy3		Zn	4,000 – 4,500
(in ore)		Pb	500 – 1,000
Aguablanca		Ni	500 – 1,000
		Cu	500 – 1,000
Total: Wholly-owned operations		Cu	55,000 – 61,000
		Zn	109,000 – 125,500
		Pb	34,500 – 40,000
		Ni	500 – 1,000
Tenke: 24.0% attributable share4		Cu	31,560	1.13

• Neves-Corvo: Copper production is expected to be reduced from previous years as remaining reserves are lower grade stockworks which provide for less predictable ore characteristics, lower recoveries and higher costs. Zinc production is expected to be at least 30,000 tonnes.
• Zinkgruvan: Zinc, lead and copper production are expected to see modest increases compared to 2011 with further upside potential depending on plant de-bottlenecking initiatives.
• Aguablanca: Production is expected to resume in the second half of 2012. Reserves represent approximately five years of production, averaging 7,500 tonnes of nickel and 6,500 tonnes of copper per annum.
• Galmoy: High grade mining is expected to conclude in the first half of 2012, with sales continuing to be recognized into early 2013 as stockpiled ore is milled at a third party processing facility.
• Tenke: Freeport, the mine’s operator, expects sales of copper to increase to 131,500 tonnes with sales volumes of cobalt comparable to 2011. The Phase II expansion project to 195,000 tpa of copper cathode (production on a 100% basis) is expected to be completed in first quarter 2013.

2012 Capital Expenditure Guidance

Capital expenditures for 2012 are now expected to be $370 million. This represents a $40 million reduction from our previously released estimate of December 12, 2011. The change is a result of updated figures for new investment in Tenke, and our guidance now includes:

• Sustaining capital in European operations: $95 million (2011 – $127 million). The decrease is related to slightly lower sustaining capital expenditures at Neves-Corvo for the year ahead.
• New investment capex in European operations: $65 million (2011 – $52 million), consisting of:
  • Lombador Phase I ($40 million) including underground development, final SAG mill delivery payments and other critical path items.
  • Neves-Corvo dam ($13 million) related to tailings and water storage capacity increases.
  • Other plant improvements and debottlenecking initiatives ($12 million) at both Neves-Corvo and Zinkgruvan.
• New investment in Tenke: Freeport expects the Phase II expansion at Tenke will be completed by the first quarter of 2013. Lundin Mining’s share of expansion funding and sustaining capital funding may be up to $210 million for 2012. As guided by Freeport, total capital expenditure for the Phase II Expansion is expected to be $850 million. If metal prices remain strong, the capital spend is expected to be cash neutral to the Company, as Tenke’s operating cash flows should be sufficient to meet this capital funding requirement.

Exploration Investment

Exploration expenditures are expected to increase from $42.6 million in 2011 to $50 million in 2012. Approximately $34 million of this will be spent at Neves-Corvo, where a 90,000 metre surface drilling program is planned for 2012 which will continue to test resource expansion targets at Semblana in addition to drill-testing the multiple high priority targets recently identified within the Neves-Corvo near mine area. In addition, the 2012 exploration program is expected to test several greenfield targets in the Iberian region, as well as continued resource definition drilling at the Company’s Clare and Lakelands exploration projects in Ireland.

Selected Quarterly and Annual Financial Information

		Years ended December 31
(USD millions, except per share amounts)		2011			2010			20095
Sales		783.8			849.2			746.0
Operating costs		(382.0	)		(367.3	)		(347.2	)
General and administrative		(28.0	)		(20.2	)		(25.6	)
Operating earnings1		373.8			461.7			373.2
Depreciation, depletion and amortization		(153.8	)		(121.9	)		(170.0	)
General exploration and project investigation		(42.6	)		(23.6	)		(22.6	)
Income from equity investment in Tenke		94.7			75.9			0.3
Finance (costs) income, net		(13.1	)		36.1			(74.3	)
Other income (expenses), net		11.5			(2.0	)		11.2
Impairment charges		(35.7	)		-			(53.0	)
Earnings from continuing operations before income taxes		234.8			426.2			64.8
Income tax (expense) recovery		(51.0	)		(119.9	)		3.3
Earnings from continuing operations		183.8			306.3			68.1
Gain from discontinued operations		-			-			5.6
Net earnings		183.8			306.3			73.7
Shareholders’ equity		3,297.9			3,153.6			2,915.2
Cash flow from operations		308.7			276.1			137.4
Capital expenditures (incl. Tenke)		253.1			160.3			185.0
Total assets		3,864.3			3,826.3			3,740.1
Net cash (debt)2		236.1			159.2			(49.3	)
Key Financial Data:
Shareholders’ equity per share3		5.66			5.43			5.03
Basic and diluted earnings per share		0.32			0.53			0.13
Basic and diluted earnings per share from continuing operations		0.32			0.53			0.12
Dividends		-			-			-
Equity ratio4		85			82%			78%
Shares outstanding:
	Basic weighted average	582,074,865			579,924,538			550,000,833
	Diluted weighted average	582,964,608			580,539,367			550,045,231
	End of period	582,475,287			580,575,355			579,592,464

($ millions, except per share data)	Q4-11	Q3-11		Q2-11	Q1-11	Q4-10	Q3-10	Q2-10	Q1-10
Sales	242.1	146.2		184.0	211.5	309.3	215.1	183.1	141.7
Operating earnings1	129.3	48.7		82.2	113.6	192.3	121.5	82.1	65.8
Net earnings	42.5	12.4		57.7	71.2	146.1	66.0	42.3	51.9
Earnings per share6, basic and diluted	0.07	0.02		0.10	0.12	0.25	0.11	0.07	0.09
Cash flow from operations	120.3	(40.6	)	96.8	132.2	67.9	51.1	70.8	86.3
Capital expenditure (incl. Tenke)	90.7	58.8		57.7	45.9	42.9	40.2	39.1	38.1
Net cash2	236.1	208.7		308.2	262.0	159.2	125.7	107.8	10.2

The 2011 annual consolidated financial statements and management’s discussion and analysis are available on SEDAR (www.sedar.com) and the Company’s website (www.lundinmining.com).

About Lundin Mining

Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel. In addition, Lundin Mining holds a development project pipeline which includes expansion projects at its Neves‐Corvo mine, along with an equity stake in the world-class Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo, which is undergoing expansion to 195,000 tpa copper cathode production.

On Behalf of the Board,

Paul Conibear, President and CEO

Forward Looking Statements

Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the Ontario Securities Act. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; receipt of final detailed documentation on by-law changes resulting from the contract review process and resolution of administrative disputes in the DRC; and other risks and uncertainties, including those described under Risk Factors Relating to the Company’s Business in the Company’s Annual Information Form and in each management’s discussion and analysis. Forward-looking information is, in addition, based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long-term price of copper, zinc, lead and nickel; that the Company can access financing, appropriate equipment and sufficient labour and that the political environment where the Company operates will continue to support the development and operation of mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 22, 2012) - Kivalliq Energy Corporation (TSX VENTURE:KIV) (“Kivalliq”) today announced a two-phased, $20 million exploration program at the 227,000 acre Angilak Property in Nunavut Territory, Canada. The aggressive plans for 2012 will advance multiple uranium discoveries made in 2011 and build on the recently announced Lac Cinquante inferred resource of 27.13 million pounds U₃O₈.

Kivalliq intends to drill 26,000 metres of NQ core with three diamond drill rigs and 9,000 metres of reverse circulation (“RC”) drilling on exploration targets with a light weight RC fly rig. Extensive ground based geophysical surveying, prospecting and soil sampling campaigns are also planned.

“Our 2012 exploration goals are clear: continue to expand the Lac Cinquante mineral resource along strike and to depth; drill targets on parallel conductors; and demonstrate potential for multiple uranium deposits elsewhere on the Angilak Property,” stated Jim Paterson, Kivalliq’s CEO.

The first phase of 2012 exploration commences with the mobilization of crews and equipment to the Nutaaq camp in March. Kivalliq is fully funded to drill from March to June with two diamond drill rigs and one RC rig starting in May, and to carry out ground geophysical surveys until break-up in June. The second phase of the proposed exploration program at Angilak will begin in July, pending results and market conditions, and may include a third diamond drill rig, continued RC drilling and geophysical, geological, geochemical and engineering surveys in the field.

The following summarizes both the first and second phase of the proposed 2012 exploration campaign:

• 26,000 metres of core drilling focused on expanding the Lac Cinquante resource and testing new zones discovered in the immediate vicinity of this deposit
• 9,000 metres of RC drilling to test multiple target areas property-wide and untested conductors within close proximity of the Lac Cinquante deposit
• Ground geophysical surveys consisting of gravity, magnetics and electro-magnetics
• Continued prospecting to advance high-priority target areas defined by the 2011 program and identify new targets on a property wide scale
• Ongoing modeling, geological, metallurgical, environmental and archeological studies
• Continued emphasis on community consultation
• Engineering studies focused on expanding infrastructure to support future programs
• Update to the current Lac Cinquante Inferred Resource by Q2 2013

Jeff Ward, P.Geo, President of Kivalliq and a Qualified Person for the Company, has reviewed and approved the information contained in this release. For disclosure related to the inferred resource for the Lac Cinquante uranium deposit, please refer to Kivalliq news release of January 17, 2012.

About Kivalliq Energy Corporation

Kivalliq Energy Corporation is a uranium exploration and development company and the first company in Canada to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut.

Kivalliq’s 227,000 acre Angilak Property hosts the high-grade Lac Cinquante deposit, along with multiple highly-mineralized target areas. With an NI 43-101 Inferred Mineral Resource of 1,779,000 tonnes grading 0.69% U₃O₈, totalling 27.13 million pounds U₃O₈, (15.2 pounds U₃O₈/tonne) at a 0.2% U₃O₈ cut-off grade, the Lac Cinquante Deposit is Canada’s highest grade uranium deposit outside of the Athabasca Basin.

Since acquiring the Angilak Property in 2008, Kivalliq has invested approximately $30 million conducting systematic exploration, including ground and airborne geophysics, geological mapping, prospecting and approximately 48,000 metres of RC and diamond drilling.

On behalf of the Board of Directors

James R. Paterson, CEO

Kivalliq Energy Corporation

For further information about, Kivalliq Energy Corporation or this news release, please visit our website at www.kivalliqenergy.com (m.kivalliqenergy.com).

Kivalliq Energy Corporation is a member of the Aurora Resource Group of companies, for more information please visit www.auroraresource.com.

Certain disclosures in this release, including management’s assessment of plans and projects and intentions with respect to use of proceeds, future exploration programs and the completion of financings, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kivalliq’s operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects. Readers are cautioned not to place undue reliance on forward-looking statements. Other than as required by applicable securities legislation, Kivalliq expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

TORONTO, ONTARIO–(Marketwire – Feb. 22, 2012) - Nitinat Minerals Corporation (TSX VENTURE:NZZ) (the “Corporation”) announces that further to its press releases of September 21 and November 23, 2011, the Company has decided to defer the previously announced private placement at the present time. The Corporation has not issued any securities pursuant to the private placement.

Due to recent market volatility, the Company believes raising capital at the current market price would be unnecessarily dilutive to all shareholders.

This update contains “forward looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward looking statements can be identified by the use of forward looking terminology such as “plans”, “anticipated”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Nitinat is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward looking statements contained in this release. Nitinat cannot assure investors that actual results will be consistent with these forward looking statements and Nitinat assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 22, 2012) - Blue Gold Mining Inc. (TSX VENTURE:BGX) reports financial results for the three and six months ended December 31, 2011, and provides a brief update on our corporate activities. All amounts are presented in Canadian dollars unless otherwise stated.

OVERVIEW

We are a gold exploration and development team focussed on converting modest capital investments into exceptional shareholder returns. We have an entrepreneurial-driven board and management team with skill sets in capital markets, M&A, audit and compliance, and, most importantly, resource discovery and development. We have a strong treasury enabling us to acquire and advance new projects globally.

HIGHLIGHTS

Leadership and Management

• During the quarter, we continued to strengthen our management team with the appointment of Alex Holmes, as Vice President Business Development. Mr. Holmes brings a successful track-record in capital markets and M&A transactions, further enhancing Blue Gold’s ability to realize new opportunities. Mr. Holmes was previously Vice President, Investment Banking for NCP Northland Capital Partners Inc. and a key member of the firm’s Mining Team.
• We brought additional technical expertise to our Board with the appointment of Charlie Ronkos, Senior Vice President of Exploration at Goldcorp Inc. Mr. Ronkos is a well-respected and successful exploration professional with more than 30 years of industry experience.

Financing and Corporate Activities

• Received gross proceeds of $24.6 million with the closing of a $20.0 million best efforts offering and overalottment option for an additional $4.6 million. The offering included the participation of Goldcorp, one of the fastest-growing, lowest-cost senior gold producers. Goldcorp purchased 5 million units, representing approximately 8.6% of current issued and outstanding common shares.

Business Development Activities

• The company has reviewed a large number of projects and companies for potential acquisition, and continues to review submisisons and seek out opportunities. As of the date of this press release, Blue Gold management has no current firm commitments to acquire any project.

Exploration Activities

• We completed a 500-line-kilometre airborne geophysical (magnetometer and electromagnetic) survey on the Titan gold-copper property, located in northwestern British Columbia. We intend to evaluate the results of the survey and complete follow-up geological work to define specific target areas for drilling.

SELECTED FINANCIAL DATA

The following selected financial data is derived from our financial statements for the three and six months ended December 31, 2011 and 2010, as prepared in accordance with International Financial Reporting Standards (“IFRS”).

	Three months ended		Six months ended
	December 31		December 31
	2011	2010	2011	2010
Loss for the period	($851,203)	($15,453)	($3,281,061)	($72,475)
Loss per share – basic and diluted	($0.02)	($0.01)	($0.08)	($0.07)
			As at
			December 31	June 30
			2011	2011
Cash			$24,911,958	$2,189,899
Current assets			$25,103,000	$2,210,425
Non-current assets			$247,456	$36,704
Current liabilities			$432,118	$38,029
Non-current liabilities			$ -	$ -
Shareholders’ equity			$24,918,338	$2,209,100

• For the three and six months ended December 31, 2011, the Company recorded a net loss of $851,203 and $3,281,061, compared to net losses of $15,453 and $72,475 for the three and six month periods ended December 31, 2010. The net loss through the current period includes significant non-cash items. The increase in net loss of $3,208,586 through December 31, 2011 was primarily due to a $2,363,736 increase in stock-based compensation expense for the six months ended December 31, 2011 compared to the same period in 2010, a $546,171 increase in professional and consulting fees for project review, and an increase of $267,215 in wages and benefits expenses.
• Working Capital of $24,670,881 at December 31, 2011 includes $24,911,958 in cash and $191,042 in receivables and prepaid expenses net of $432,118 in accounts payable and accrued liabilities.
• Non-current assets of $247,456 is comprised predominantley of exploration and evaluation assets reflecting activity relating to the Company’s Titan property.

Details of the Company’s financial results are described in the condensed interim financial statements and corresponding Management’s Discussion and Analysis for the three and six months ended December 31, 2011. These and further details on Blue Gold’s project and activities can be found on the Company’s website at www.bluegoldmining.com and on SEDAR at www.sedar.com.

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 22, 2012) - Lions Gate Metals Inc. (TSX VENTURE:LGM) (“Lions Gate” or the “Company”) is pleased to announce that it has closed the second and final tranche of a non-brokered private placement (see the Company’s news release dated February 14, 2012 for details on the closing of the first tranche). Together with the first tranche, the Company issued 1,000,000 flow-through units at $0.46 per flow-through unit and 1,000,000 non-flow through units at $0.40 per non flow-through unit for total gross proceeds of $860,000.

Each flow-through unit consists of one flow-through common share which qualifies as a “flow-through share” for tax purposes of the Income Tax Act (Canada) and one half of one common share purchase warrant, with each whole warrant exercisable into a non-flow through common share for a period of 18 months at an exercise price $0.80.

Each non-flow-through unit consists of one common share and one half of one common share purchase warrant, with each whole warrant exercisable into a non-flow through common share for a period of 18 months at an exercise price $0.80.

The warrants contain a provision providing that if the Company’s common shares trade at a price in excess of $1.00 for a period of 10 consecutive days, the Company may issue a notice accelerating the expiry date of the warrants to a date that is 30 days from the date of the notice.

In connection with the private placement, the Company paid finder’s fees totalling $28,200.

The securities issued in connection with this private placement will be subject to a four-month hold period in accordance with applicable Canadian Securities Laws.

The Company intends to utilize proceeds from the private placement to fund exploration work commitments on the Company’s properties located in British Columbia and for general working capital requirements.

The private placement is subject to certain conditions, including but not limited to, all necessary approvals from the TSX Venture Exchange.

About Lions Gate Metals

Lions Gate Metals is a Canadian based, junior resource company focused on the exploration, development, and acquisition of copper and copper-focused multi-mineral projects. The Company boasts one of the largest consolidated property portfolios of any Canadian junior resource company, including the 77,705 hectare Poplar copper gold-silver asset at the Poplar Project located 35km northeast of the Imperial Metals. 50% owned Huckleberry Mine (proven/probable 39.7 million tonnes grading 0.343% copper: aggregate production to Dec 31, 2010 approximately 870.0 million pounds copper, 8.0 million pounds molybdenum, 105,000 ounces gold and 3.4 million ounces silver) in west-central British Columbia, and the 6,900 hectare ROK-Coyote copper-gold porphyry property contiguous with Imperial Metal’s Red Chris copper-gold project in northwestern British Columbia. Poplar and ROK-Coyote are the primary focus of the 2012 Exploration Program.

For further information on the Company and its projects please visit our web site at: www.LionsGateMetals.com.

Forward Looking Information

This release contains forward-looking information within the meaning of applicable Canadian securities legislation, including statements regarding approvals from the TSX Venture Exchange and the intended use of proceeds. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information, including uncertainties with respect to regulatory approvals and current market conditions for the sale of securities. In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, Lions Gate assumes no obligation to update or revise such information to reflect new events or circumstances.