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July 22

Geo and Alix Resources Announce Historical Potash Hole Plus Update on Manitoba Potash Progress

GEO MINERALS LTD. (\"Geo\" or the \"Company\")(TSX VENTURE:GM) and ALIX RESOURCES CORP. (\"Alix\") (TSX VENTURE:AIX) announce that in the course of the Companies due diligence on their joint-ventured package of potash leases in Saskatchewan it has found information regarding a potash test hole drilled by Canadian Exploration Ltd. in 1965. The hole, located two sections away (approximately two miles) from certain claims recently acquired by Alix and Geo (see news release dated June 13th, 2008), was drilled to a total depth of 3,204 feet and encountered two zones of potash.

In the report, written by Clive Ball (P.Eng.), it is stated that the main zone extended from 3,077 feet to 3,087 feet with an average grade of 27.5% K2O with the potash not being carnallite. A second zone of 9.2 feet was encountered as well, averaging 17.4% K2O from 3,119 feet to 3,128 feet.

To the immediate south of these lands is Potash Corporation\'s Potash Leases. BHP-Billiton potash permit is adjacent to the Alix and Geo freehold\'s.

Published: 22 July 2008

Written by Editor

Read more: Alix Resources Corp ( AIX )

July 22

New discovery of high grade gold 2305 g/t (67.22 oz/t) on Northern Gold Mining\'s Kirana property

Northern Gold Mining Inc. (TSX-V NGM) is pleased to announce the discovery of a promising, previously unknown zone of mineralization containing areas assaying high grades of gold (up to 2305.12 g/t, or 67.22 oz/ton) and local coarse, visible gold at its Kirana Project. The Kirana Project is the company\'s most recently acquired ground and the area containing the new gold bearing zone lies in Teck Township, Ontario, approximately five kilometers northeast of the historic Kirkland Lake gold camp. Official production from the Kirkland Lake camp is more than 24 million ounces of gold from numerous mines since 1910, many of them high grade deposits. Northern Gold Mining\'s Kirana Project comprises a main group of 86 claim units, 4 patent claim blocks and an additional, isolated block of 8 more claim units just south of the main group. The main claim group contains much prospective ground as it covers 6.2 kilometers of the interpreted extent of the Kirana Break.

Published: 22 July 2008

Written by Editor

July 22

Woodward Reports Third Fiscal Quarter EPS Up 38 Percent to $0.47 and Increases Full-Year Guidance

Woodward Governor Company (WGOV - News) today reported financial results for its third quarter of fiscal 2008. (All per share amounts are presented on a fully diluted basis.)

Highlights

-- Sales for the quarter increased 23 percent over last year.
-- Earnings per share for the quarter were $0.47, an increase of 38 percent over last year\'s $0.34.
-- Operating earnings for the quarter increased 31 percent over last year.
-- Cash generated from operations during the quarter was $56 million, a 54 percent increase from the prior year.

Published: 22 July 2008

Written by Editor

July 22

Brocade Announces Definitive Agreement to Acquire Foundry Networks

Accretive Acquisition to Transform Brocade into a Stronger, More Diversified Company with New Growth Opportunities

Brocade® (Nasdaq: BRCD - News) today announced a definitive agreement to purchase Foundry Networks®, Inc. (Nasdaq: FDRY - News), a performance and total solutions leader for network switching and routing. The acquisition will position Brocade as a leading provider of enterprise and service provider networking solutions, with innovative technology and product leadership from the Internet to the heart of data centers.

The acquisition will bring together two financially strong companies in complementary technology sectors and allow the combined entity to better address today\'s customer needs, as well as the evolution toward converged networks.

Published: 22 July 2008

Written by Editor

July 22nd

United Airlines Reaches Agreement in Principle to Enhance Liquidity by Approximately $1.2 Billion

UAL Corporation (Nasdaq: UAUA - News), the holding company whose primary subsidiary is United Airlines, today announced that it reached an agreement in principle with its Mileage Plus co-branded bank card partner, Chase Bank U.S.A., N.A. (\"Chase\"), and Paymentech, one of its credit card processors, to extend the term of their respective agreements.

As part of the transaction, United will receive a payment of $600 million from Chase, which relates to the advance purchase of frequent flyer miles and the extension of the contract. The company also expects this transaction will improve cash flow by about $200 million in the next two years.

Published: 22 July 2008

Written by Editor

Alix Resources Corp ( AIX )

Northern Gold Mining Inc ( NGM )

Woodward Governor Company ( WGOV )

Foundry Networks® Inc ( FDRY )

UAL Corporation ( UAUA )