July 30

Yukon-Nevada Gold Corp. intersects 14.5 meters of 8.95 g/t gold at the Ketza River project

Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to report consistently favorable results from its on-going 2008 drilling program at Ketza River. The Ketza River property is wholly-owned by Yukon-Nevada Gold Corp. (YNG), and is a past gold producer located near the town of Ross River in the Yukon Territory, Canada.

All drill holes referenced in this release are diamond drill holes completed between May 3 and June 9, 2008 utilizing two drill rigs and for which assay reports were received between July 1 and July 27. Drill core from this period was available for viewing during YNG\'s analyst tour held on June 21st (http://www.yukon-nevadagold.com/i/pdf/CHF_In-Brief.pdf). All holes were targeted to expand the margins of known mineralization as part of the company\'s continuing program to expand areas amenable to open-pit mining. Additional drilling has been targeted within known resource areas as part of pit planning and an effort to upgrade the quality of the Ketza River Project resources.
Published: 30 July 2008
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July 30

Minera Andes announces second quarter gold/silver sales at the San Jose mine reaches $63.7 million

Minera Andes Inc. (TSX: MAI and US OTC: MNEAF) is pleased to announce details of the San San José mine performance to June 30, 2008. The San José project is operated by Minera Santa Cruz S.A. (\"MSC\") and is owned 49% by Minera Andes and 51% by Hochschild Mining plc (\"Hochschild\") (HOCM.L: Reuters and HOC LN: Bloomberg - London Stock Exchange). Hochschild is the operator of the project. Gross proceeds from metal sales during the second quarter of 2008 were $63.7 million. Over the past 12 months, the San José project has produced gross sales of approximately $74.6 million in gold and silver, mostly from the last three quarters.

The San José mine commenced its operation a year ago and is now at full production. Production in Q2 2008 totaled 1,093,000 ounces of silver and 12,410 ounces of gold, of which 49% is attributable to Minera Andes. Currently, plans are underway to expand the mine and double the current production rate by year-end 2008.
Published: 30 July 2008
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July 30

Velocity Minerals Ltd. Announces Commencement of Drilling on Mt. Haskin

Velocity Minerals Ltd. (TSX: VLC) is pleased to announce that drilling has commenced on its Mt. Haskin property near Cassiar in northern British Columbia.

As described in the Velocity Minerals news release of May 7, 2008, the property contains a granitic pluton that has a contact zone carrying molybdenite mineralization and several nearby skarn zones that have zinc, copper, silver, lead, tin and bismuth values. The molybdenite area was explored in the late 1960s by Della Mines Ltd., a private company that drilled over 29,000 feet in more than forty diamond drill holes. A historical estimate of 13.5 million tons @ 0.157% MoS2 above a cut-off grade of 0.050% was prepared in 1970 by G.L. Lamont, P. Eng., that company\'s engineer. The sampling and analytical methods used are unknown, and unverified by a NI 43-101 Qualified Person. Similarly, Lamont\'s usage of the term \"reserve\" does not conform to current usage of the term.
Published: 30 July 2008
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July 30

IAMGOLD\'s Boto Project, Senegal Exploration Update

IAMGOLD Corporation (\"IAMGOLD\" or \"the Company\") (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) is pleased to announce the discovery of multiple zones of significant gold mineralization at its wholly-owned Boto Property in Senegal, West Africa. The Company controls an extensive land package of 630 square kilometres in southeast Senegal covering an important segment of the Birimian Kedougou-Kenieba greenstone belt. The concessions also cover a significant strike extent of the prolific Senegalo-Malian Shear System that is spatially associated with several important gold mines including Loulo and the world class Sadiola gold deposit in adjacent Mali. Results from IAMGOLD\'s drilling campaigns at Boto completed chiefly during the 2007 and 2008 exploration seasons have identified several new and important mineralized zones at Boto, including the six kilometre-long Guemedji Trend and the parallel Koulou Trend.
Published: 30 July 2008
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July 30

Hoku and Jiangxi Kinko Energy Sign $298 Million Polysilicon Supply Contract

Hoku Updates Plant Financing Strategy, Reports Polysilicon Production Fully Allocated

Hoku Materials, Inc., a wholly owned subsidiary of Hoku Scientific, Inc. (HOKU - News), established to manufacture and sell polysilicon for the solar market, and Jiangxi Kinko Energy Company, Ltd., a manufacturer of silicon ingots, wafers and related products in China, today announced the signing of a definitive contract for Hoku\'s sale and delivery of solar-grade polysilicon to Kinko Energy over a ten-year period beginning in late-2009.

According to the contract, up to approximately $298 million may be payable to Hoku during the ten-year period, subject to product deliveries and other conditions. The take-or-pay contract provides for the delivery of predetermined volumes of polysilicon each year, with the first shipment in the second half of 2009 and the remainder over a ten-year period at set prices that will decline throughout the term of the agreement.
Published: 30 July 2008
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