July 11

Canasia Industries Corporation Applies for Additional Coal Claims

Canasia Industries Corporation (\"Canasia\") (TSX VENTURE: CAJ)(OTCBB: CANSF)(FRANKFURT: 45C) wishes to announce that it has applied for an additional 5 townships (approximately 115,000 acres) of contiguous coal permits in Saskatchewan. These new applications are near Goldsource Mines Inc., as well as bordering a coal prospect that recently announced it had a historic drill hole that was underlain by sandstones and shales of the Cretaceous-aged Mannville group.

During a 1994 exploration program on the adjoining property conducted by Consolidated Pine Channel Gold Corp., an approximate 18.84-metre-thick coal interval between 47.70 metres and 66.54 metres depth was identified. The discovery was made while testing a magnetic geophysical anomaly for kimberlite. The historical drill log (TL02-2, assessment report 63E-0004) indicates: Read more: Canasia Industries Corporation ( CAJ )

July 11th

Cygam Energy Inc. Announces Commencement of Testing Operations in Tunisia

Cygam Energy Inc. (\"Cygam\" or the \"Corporation\") (TSX VENTURE:CYG) is pleased to provide an update on the TT2 exploration well operated by Storm Ventures International Inc. (\"SVI\") of Calgary, on the Remada Sud Permit in Southern Tunisia.

The Corporation announces that the Schlumberger stimulation equipment is onsite and operations have commenced to artificially fracture and production test several zones of interest in the well. The TT2 well encountered potentially significant light oil and gas shows in the primary Ordovician Bir Ben Tartar formation while coring. Secondary zones of interest which encountered hydrocarbon potential during drilling will also be tested. The Sud Remada permit is located in the Ghadames Basin and is approximately 1.2 million acres in size. Cygam\'s working interest in the well and in the entire permit is 14%. SVI is the operator and has a 71% working interest; Madalena Ventures Inc. is also a partner with a 15% interest in the well. Read more: Cygam Energy Inc ( CYG )

July 11th

Uracan Options Large Land Package Surrounding Pipewrench Lake Property Discovery

URACAN RESOURCES LTD. (TSX-V: URC) is pleased to announce that the Company has signed an Agreement (the \"Agreement\") with BONAVENTURE ENTERPRISES INC. (TSX-V : BVT) (FSE: YQG), whereby Uracan can acquire a 75% interest in the Foster Lake Project in northern Saskatchewan. The Foster Lake Project surrounds Uracan\'s Portage Zone discovery on its wholly owned Pipewrench Lake Property (12.7 meters of 0.142% U3O8 in drilling). Uracan believes that the Foster Lake Project has the potential to host near surface uranium mineralization suitable for open pit mining similar to the Portage mineralization.

In order for Uracan to earn its 75% interest, it must make payments of C$ 0.75 per acre (approximately $870,000 over 3 years), issue a total of 1.25 million shares and incur total expenditures of C$ 5 million on the property, all on an option basis after the first anniversary according to the following schedule: Read more: Uracan Resources Ltd ( URC )

July 11

MacDonald Mines Drill Program Underway in James Bay Lowlands

MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) (\"MacDonald\" or the \"Company\") is pleased to announce it has commenced it\'s 2008 drill program. The drill program will cover multiple targets on five project areas in the \"Ring of Fire\" District of the James Bay Lowlands and will operate through to the end of October 2008. The drill is currently positioned on the McNugget Property in close proximity to MacDonald\'s Butler Camp.

Drill Program Recap

Approximately 40 holes, totaling 8,000 metres will be diamond-drilled within five of the Company\'s project areas, where each individual project area represents a separate property within MacDonald Mines\' extensive land position of 86,000+ hectares. The five properties are made up of distinct but separate claim groups distributed over a wide geographical area that is underlain by similar geology. Read more: MacDonald Mines Exploration Ltd ( BMK )