July 31

West Hawk Starts Drilling Program at Groundhog Coal Property

West Hawk Development Corp. (TSX VENTURE:WHD)(FRANKFURT:H5N) (the \"Company\") is pleased to announce the start of the exploration program at its Groundhog anthracite coal property, a region north of Terrace, British Columbia. The drilling and sampling program will add vital information on coal quantity and quality within each seam and samples of coal will be tested for its PCI/coking characteristics. In accordance with the access agreements signed with local First Nations, West Hawk along with representatives of the First Nations People are conducting a cultural review this week prior to the start of drilling on the property.

Drilling and sampling on the property will be managed by WHD under Roger A. Baer\'s, Managing Director of Canadian Operations, leadership. The first phase of the program will total 10 drill core holes. Comprehensive laboratory analysis of the drill cores will be undertaken by SGS to determine the full extent of the PCI/coking properties of the coal and categorize the coal into the measured and indicated classification. \"We want to expand the 43-101 report prepared by WEIR International. The exploration program will adhere to the highest \"Best Practice\" engineering standards,\" said Andrew P. Schissler, Executive Vice President of Engineering, West Hawk. Read more: West Hawk Development Corp ( WHD )

July 31

High River Gold Announces Agreement to Acquire the Remaining 50% of the Prognoz Silver Project

High River Gold Mines Ltd. (\"High River\" or \"the Company\") (TSX: HRG) is pleased to announce that it has entered into an arms length agreement, dated July 30, 2008, to acquire the remaining 50% interest in the Prognoz Silver Project (\"Prognoz\").

Under the agreement, High River will issue 34,100,000 common shares, representing 9.9% of the issued capital of the Company and will assume debt obligations related to past exploration expenditures on the Prognoz property totaling approximately US $16 million. Closing is scheduled to occur on or before September 30, 2008. The transaction is subject to regulatory approvals in Canada and Russia.

High River currently owns an indirect 50% interest in the Prognoz Silver Project, one of the largest and highest grade undeveloped silver projects in the world. Located in the Republic of Sakha (Yakutia) of the Russian Federation, the property covers 56 square kilometres and hosts over 30 high grade epithermal veins. Read more: High River Gold Mines Ltd ( HRG )

Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (FWB: C1Z) and Skyharbour Resources Ltd. (TSX-V: SYH) are pleased to issue this update on their Red Lake / Bruce Channel drill program. The plan for this drill program is to explore the southern extension of the Bruce Channel deposit, which is being developed by Gold Eagle Mines Ltd. The Bruce Channel zone is inferred to extend on strike onto the Cypress (80%) Skyharbour (20%) owned Broulan Reef property. The highly technical nature of the required deep drilling in the Bruce Channel, although behind schedule, is proceeding as planned. Read more: Cypress Development Corp ( CYP )

July 31

Goldcorp consolidates Red Lake District with $1.5 billion acquisition of Gold Eagle

Goldcorp Inc. (\"Goldcorp\") (NYSE:GG, TSX:G) and Gold Eagle Mines Ltd. (\"Gold Eagle\") (TSX:GEA) today announced an agreement whereby Goldcorp will acquire, through a friendly plan of arrangement, all outstanding shares of Gold Eagle.

Gold Eagle\'s principal asset is the world class Bruce Channel gold discovery which is situated along the prolific Red Lake Trend, adjacent to Goldcorp\'s Red Lake gold mine and immediately southwest of Goldcorp\'s past-producing Cochenour-Willans Mine. This transaction will enable Goldcorp to capitalize on its extensive exploration and operations expertise in the Red Lake district and its considerable human resources and related infrastructure. Read more: Gold Eagle Mines Ltd ( GEA )