July 28

AMETEK to Acquire Xantrex Programmable Power

Unit of Xantrex Technology Broadens Scope of AMETEK\'s Power Business

AMETEK, Inc. (NYSE: AME) today announced it has agreed to acquire the programmable power business of Xantrex Technology, Inc. (TSX: XTX) for $120 million in cash. Based in San Diego, Xantrex\'s Programmable Power Division is a leader in alternating current (AC) and direct current (DC) programmable power supplies used to test electrical and electronic products. It has annual sales of approximately $80 million.

The transaction, subject to regulatory approvals and customary closing conditions, is expected to close in the third quarter. AMETEK\'s acquisition of Xantrex Programmable Power is not contingent on the sale of Xantrex Technology Inc. to Schneider Electric announced today. Read more: Xantrex Technology Inc ( XTX )

July 28

Raytec Metals Corp. Granted Second Exploration Permit on KP452 Potash Claim

Raytec Metals Corp. (the \"Company\") (TSX-V: RAY) is pleased to announce the receipt of its second exploration permit from the government of Saskatchewan on the Company\'s KP452 Potash claim in south-central Saskatchewan.

The KP452 exploration permit grants the Company the right to explore approximately 36,113 acres of prospective potash ground. The claim is located in the south-eastern portion of Saskatchewan\'s Prairie Evaporite formation, approximately 380 kilometres southeast of the company\'s KP441 package of claims and lies approximately 42 kilometres southwest of the Mosaic Company-Compass Mineral Group\'s K-1 and K-2 potash-salt mines. It is also located 53 kilometres west of Potash Corp. of Saskatchewan\'s Rocanville potash-salt mine. Read more: Raytec Metals Corp ( RAY )

July 28

Red Back Mining Inc.: 1 Million Ounce Akwaaba Deeps Reserve

Red Back Mining Inc. (TSX:RBI) (the \"Company\" or \"Red Back\") is pleased to announce that the ore reserve at Akwaaba Deeps is now over 1 million ounces. Akwaaba Deeps is the Company\'s first underground deposit at its Chirano Gold Mine in Ghana.

The Company\'s independent consultants, AMC Consultants of Perth, Western Australia have now reported ore reserves based on the sub-level caving (\"SLC\") mining method. The following table shows the Akwaaba Deeps underground reserves as at May 31, 2008: Read more: Red Back Mining Inc ( RBI )

July 28th

Sabretooth Energy Ltd. Provides Update on New Strategic Direction: Focus on Unconventional Gas Exploration and Development

(\"Sabretooth\" or the \"Company\") (TSX:SAB) Sabretooth is pleased to provide an update on its progress on the strategic direction to focus on unconventional gas Exploration and Development, primarily in British Columbia. Recent activity includes:

- Entering agreements for the sale of West Central and Fireweed Conventional Assets for $22.5 million providing funding for unconventional gas exploration and development.

- Acquisition of 8 additional sections of Montney prospective land in British Columbia increasing total net undeveloped land on the Montney play to 60 sections.

- Drilling its Red Creek, British Columbia Montney Horizontal. Read more: Sabretooth Energy Ltd ( SAB )