July 10th

Uracan discovers up to 2.83 pounds per ton U3O8 over 41.7 feet in shallow diamond drilling in Saskatchewan

Uracan Trading Symbol: (TSX - V): URC

HIGHLIGHTS:

- Multiple zones of mineralization including 12.7 meters of 0.142% U3O8 (41.7 feet of 2.83 pounds per ton U3O8) only 30 meters from surface, and 19.5 meters of 0.083% U3O8 (64 feet of 1.66 pounds per ton U3O8) 75 meters from surface
- These drill holes at Portage Zone represent a new discovery in Saskatchewan
- Additional wide zones of uranium mineralization at Narrows Lake, 1 km north of Portage zone Read more: Uracan Resources Ltd ( URC )

July 10

Raytec Announces Closing of Brokered Private Placement of Units and Flow-Through Shares, Filing of NI 43-101 Report and Formal Grant of Potash Permit by the Government of Saskatchewan

Raytec Metals Corp. (the \"Company\") (TSX-V: RAY) announces today that it has closed its $25,000,200 brokered private placement led by Canaccord Capital Corporation and including Integral Wealth Securities Limited (together, the \"Agents\"). Pursuant to the Private Placement, the Company has issued an aggregate of 14,166,700 units (\"Units\") at a price of $1.20 per Unit for gross proceeds of $17,000,040 (including Units sold under the Over-Allotment Option granted to the Agents) and 5,714,400 flow through shares (\"FT Shares\") at a price of $1.40 per FT Share for gross proceeds of $8,000,160 (including FT Shares sold under the Over-Allotment Option granted to the Agents). Read more: Raytec Metals Corp ( RAY )

July 10th

Tamerlane Reports 40.7% Combined Lead-Zinc Over 110 Feet (34 Meters)

Tamerlane Ventures Inc. (TAM: TSX-V) announced today updated assay results of drill holes that have shown extensive high-grade lead-zinc mineralization at the Company\'s Pine Point property, located in the Northwest Territories, Canada.

Today\'s updated assay results are from 3 confirmation holes (TV11, TV12 and TV13) drilled at the R190 deposit for the purpose of providing further confirmation of core recoveries. The initial results of these holes were announced on June 12, 2008. However, at that time the results included 21 sections (totaling 105 feet) where zinc was reported greater than 30%, and an additional 3 sections (totaling 14.5 feet) where lead was reported greater than 30%. An assay technique designed to accurately measure high grade ore was subsequently used to establish the precise grade of these sections. Read more: Tamerlane Ventures Inc ( TAM )

July 10

Formation Capital Hires Key Personnel to Help Expedite Cobalt Project Engineering Procurement and Construction

Formation Capital Corporation (\"Formation\") (TSX:FCO) is pleased to announce that its wholly owned subsidiaries, Formation Capital Corporation, U.S. and Essential Metals Corporation(R), operators of the Idaho Cobalt Project (the \"ICP\") and Sunshine Precious Metals Refinery respectively, have retained key personnel to assist in the expedition of engineering procurement and construction of the ICP located outside of the town of Salmon in east-central Idaho, and the hydrometallurgical cobalt processing complex (the \"Complex\") located near Kellogg in northern Idaho.

In the Company\'s news release dated May 22, 2008, the appointment of Mr. Preston F. Rufe, P.E., as Environmental Manager for the Company\'s ICP was announced. Subsequently, the operations team has been further strengthened with the appointment of two professional individuals from the Salmon area, Mr. Jason Smith, CPA, and Mr. Bob Wilkins, BBA, who are filling the positions of Controller and Purchasing Agent respectively. \"We\'re very pleased to be able to hire two highly qualified long term Salmon residents, each of whom is active in the local community,\" commented Bill Scales, President of Formation Capital Corporation, U.S. Read more: Formation Capital Corporation ( FCO )