August 21

Forest Gate Drills Kelsey Well In Alberta

Forest Gate reports that the prospective natural gas well in Township 43, Range 18 at Kelsey, Alberta was recently drilled, logged, and cased. The logs and geological data support the original optimism and show good potential for natural gas. Perforation and testing operations are scheduled to commence August 22nd.

The Kelsey well, in which Forest Gate has a 38% interest, represents Forest Gate\'s third joint venture agreement with Emerald Bay Energy Inc., Calgary.

\"In less than ten months, we have successfully added oil and gas production with our properties in Alberta,\" said Michael Judson, President and CEO of Forest Gate. \"We are hopeful that Kelsey will join the ranks of Ferrybank and Nevis, and provide yet another opportunity to increase our existing revenue generating production.\" Read more: Forest Gate Resources ( FGT )

August 21

Lithic Intersects 9.76 Metres of 11.15% Zinc and 14.94 Metres of 0.22% MoS2 at Crypto

Lithic Resources Ltd. (TSX VENTURE: LTH) (the \"Company\") is pleased to report additional assay results for the Crypto project located in western Utah where zinc-copper-indium mineralization occurs as multiple skarns and replacement bodies hosted in a carbonate sequence near the contact with a high level felsic intrusive complex.

Hole C08-12 was drilled as a 60 metre step-out to test the westward extension of mineralization encountered in holes C08-06 and C08-09. Multiple zones of skarn-hosted mineralization were intersected, the better of which included: Read more: Lithic Resources Ltd ( LTH )

August 20

Afri-Can and Deep South Receive Approval From the Ministry of Mines and Energy of Namibia for the Option With Teck Cominco on the Haib Copper Project, Namibia

Afri-Can Marine Minerals Corporation (\"Afri-Can\") (TSX VENTURE: AFA) (FRANKFURT: AJF) and Deep South Mining (PTY) Ltd. (\"Deep South\") announce that the option and joint venture agreement (\"Agreement\") with Teck Cominco Namibia Ltd. (\"Teck Cominco\") (previously announced on July 2, 2008), has been approved by the Ministry of Mines and Energy of Namibia. The Agreement is effective on July 28, 2008. The Haib Copper Project in southern Namibia is comprised of one prospecting license (\"Property\") held by Deep South. Afri-Can has terminated its pre-existing option with Deep South in consideration of certain payments under this Agreement.

Under the terms of the Agreement, Teck Cominco shall have the option to acquire a 70% indirect beneficial interest in the Property by incurring exploration expenditures on the Property totalling US$2 million and incurring optional non-cumulative cash payments to Deep South totalling US$700,000 over 4 years. Read more: Afri-Can Marine Minerals Corporation ( AFA )

August 20

Allied Nevada Drills 1,103.5 Feet of Gold and Silver Mineralization in North Brimstone at Hycroft

Allied Nevada Gold Corp. (\"Allied Nevada\" or the \"Company\") (TSX: ANV)(AMEX: ANV) is pleased to announce complete gold and silver assay results for thirty-three exploration holes and four condemnation holes drilled at the Company\'s Hycroft Heap Leach Mine (\"Hycroft\") located near Winnemucca, Nevada. Of the twenty-seven drill holes listed in the table below, twenty-one were drilled in the Fire and Brimstone Zones(1), two in the Silver Camel area, three in the Bay area and one hole was drilled north of the Brimstone pit in the north Foothills area. Core hole H08D-3188, located in the north end of the Brimstone pit and angled to the north out of the pit, intersected 1,103.5 feet of gold and silver mineralization, including 368.5 feet of 0.022 oz/ton gold. This hole was drilled as part of an ongoing program to expand the Hycroft gold and silver sulfide resource in the Brimstone and Silver Camel areas as well as to define areas for potential gold and silver oxide reserves in other areas. The Company currently targets the fourth quarter of 2008 to commence gold production at Hycroft. Read more: Allied Nevada Gold Corp ( ANV )