Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s May 14th, 2012, and we’ve found 6 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page … or click on the image below.

Duluth Metals Highlights 116.5 feet of 1.32 g/t Total Precious Metals and 2.57% Copper Equivalent Amongst Drill Results for 30 Holes at the Twin Metals Minnesota Project

Duluth Metals Limited (“Duluth Metals”) (TSX: DM) (TSX: DM.U)

is pleased to announce strong assay results for continued drilling on the Twin Metals Minnesota Project in northeastern Minnesota. These drill holes continue to indicate continuity between the Nokomis and Maturi deposits, good widths and grades in Maturi at relatively shallow depths, and the continuity of Nokomis in and around the ‘donut hole’. While these recently completed holes will not be incorporated into the resource estimate to be issued by AMEC this quarter, in the final Pre-Feasibility estimate the holes will be very valuable in upgrading portions of the resource from the Inferred to the Indicated category. In addition, given the demonstrated continuity between the Maturi and Nokomis deposits, Twin Metals Minnesota is consolidating the deposits as a single deposit under the name Maturi Deposit.

Nine holes drilled in and around the “Donut Hole” area show strong continuity and grade. One hole, MEX-291M, returned 116.5 feet of 1.043% copper, 0.330% nickel, 3.8 g/t silver and 1.324 grams per tonne (g/t) Total Precious Metals (TPM = Platinum+Palladium+Gold) (Cu Equivalent* of 2.57%) including a 70 foot section of 1.240% copper, 0.399% nickel, 4.5g/t silver and 1.558 g/t TPM (Cu Equivalent* of 3.07%). MEX-305 returned 170 feet of 0.845 copper, 0.255% nickel, 2.6 g/t silver and 0.888 g/t TPM (Cu Equivalent* of 1.96%) including a 20 foot section of 1.300% copper, 0.418% nickel, 3.5 g/t silver and 1.576 g/t TPM (Cu Equivalent* of 3.16%).

About Duluth Metals Limited

Duluth Metals Limited is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits. Duluth Metals has a joint venture with Antofagasta plc on the Twin Metals Minnesota Project, located within the rapidly emerging Duluth Complex mining camp in north-eastern Minnesota. The Duluth Complex hosts one of the world’s largest undeveloped repositories of copper, nickel and PGMs, including the world’s third largest accumulation of nickel sulphides, and one of the world’s largest accumulations of polymetallic copper and platinum group metals. Aside from the joint venture, Duluth Metals retains a 100% position on approximately 40,000 acres of mineral interests on exploration properties adjacent to and nearby the Twin Metals Minnesota LLC joint venture.

Last: 1.97Range: 2.97-1.81Market Cap: 247 million

Link to hub

Royal Nickel Revised Pre-feasibility Study Significantly Increases Dumont Nickel Project Value by 31% to $1.4 Billion (NPV8%)

Royal Nickel Corporation (“RNC”) (TSX: RNX)

is pleased to announce the results of a revised pre-feasibility study (“revised PFS”) for its Dumont Nickel Project (“Dumont”), which demonstrate a 31% increase to the project’s NPV_8%, to $1.4 billion compared to the previous PFS filed on SEDAR in December 2011.

Dumont Revised PFS Highlights (base case including trolley assist option)

• 31% increase in after-tax NPV_8% to $1.4 billion; 19.5% after-tax internal rate of return (“IRR”)¹
• 16% increase in the initial 50 ktpd nickel production to 33 kt (72 million pounds or Mlbs) annually
• 12% increase in production to 49 kt (108 Mlbs) annually during 19-year mine life; and a 7% increase in production to 29 kt (63 Mlbs) annually for the subsequent 12 years from processing of the lower grade stockpile
• 10% increase in recoveries over life of the project to 45%; including an average recovery of 52% during the 19-year mine life
• C1 cash costs² of $4.07 per pound ($8,973 per tonne), second quartile unit cash costs
• Diesel consumption reduced by 28% through use of electric trolley assist in haul trucks

“The revised PFS adds significant value to an already robust and structurally low cost project,” said Tyler Mitchelson, President and CEO of Royal Nickel Corporation. “The inherent value of this project continues to be revealed as we advance the development and testwork. This revised PFS demonstrates lower costs, higher annual production and improved rates of return, compared to our initial PFS. In addition, we have identified further potential value from a saleable iron ore by-product concentrate. Development work at Dumont continues on schedule and we look forward to completing our feasibility study in 2013.”

About Royal Nickel Corporation
Royal Nickel Corporation is a mineral resource company focused primarily on the exploration, evaluation development and acquisition of base metal and platinum group metal properties. RNC’s principal asset is the 100% owned Dumont Nickel Project strategically located in the established Abitibi mining camp, 25 kilometres northwest of Amos, Quebec. RNC has a strong management team and Board with over 100 years of mining experience in the nickel business at Inco and Falconbridge. The Corporation’s common shares and warrants trade on the TSX under the symbols RNX and RNX.WT.

Last: 0.38Range: 1.71-0.335Market Cap: 34 million

Link to hub

Sunridge Gold Announces Positive Feasibility Study for the Debarwa Deposit, Asmara Project, Eritrea

Sunridge Gold Corp. (TSX VENTURE:SGC)(OTCQX:SGCNF)

is pleased to announce the completion and positive results of an independent feasibility study (the “Study”) by lead engineer SENET (Pty) Ltd. (“SENET”) for its 100% owned Debarwa volcanogenic-massive-sulphide (VMS) copper-gold-zinc deposit, part of the Asmara Project, Eritrea. The Study has concluded that operating Debarwa as a stand-alone mining operation is economically viable. The recently commenced feasibility study on the Asmara North deposits will also examine the integration of the Debarwa deposit with the Asmara North deposits into one operation.

Debarwa Feasibility Study Base Case Highlights:

• Net Present Value (“NPV”) of $71 million at a 10% discount (pre-tax base case) (NPV @ 0% discount – $129 million)
• Internal rate of return (IRR) – 41%
• Payback – 1.1 years (from start of production)
• Base Case metal prices used – US$3.28/lb copper, US$1,111/oz gold, US$21.00/oz silver
• Initial capital cost estimate – $140 million including contingency and owner’s costs
• On site operating costs – $73.09 per tonne average through life of mine
• Average annual metal production -
  • 35.1 million pounds (15,932 tonnes) of copper
  • 16,500 ounces of gold
  • 271,000 ounces of silver
• Total metal production -
  • 116 million pounds (52,576 tonnes) of copper
  • 78,000 ounces of gold
  • 1.3 million ounces of silver
• Life of Mine – 4.7 years (from start of production)
• A Debarwa stand-alone operation provides the Company the opportunity of generating cash flow earlier than if Debarwa were integrated with the Asmara North deposits. The ultimate decision will be made when the Asmara Project Feasibility Study is completed in 2013.

About Sunridge: Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal deposits on the Asmara Project in Eritrea and exploration properties in Madagascar. Sunridge currently has approximately 117 million shares outstanding and trades on the TSX Venture Exchange under the symbol SGC.

Last: 0.37Range: 0.980.315Market Cap: 43 million

Link to hub

Final Results from Winter Drilling at Valentine Lake Gold Project in Newfoundland include 8.06 g/t Au Over 11.4 Meters in Hole VL-12-410

Mountain Lake Resources Inc (MOA – TSX Venture, MLKRF – OTC Pink),(“Mountain Lake” or the “Company”)

is pleased to report the final analytical results from the 2012 winter drilling program at the Valentine Lake Project, in central Newfoundland

The Valentine Lake Property, including the Leprechaun Gold Deposit, is a 50/50 joint venture between Mountain Lake and Marathon Gold Corp. Marathon is the operator of the Project.

Highlights from the Leprechaun Deposit include:

> Step-out drilling in the northeast area of the Leprechaun Deposit intersected multiple high-grade intervals up to 60 meters (m) down-dip from the Main Zone with 9.07 grams per tonne (g/t) gold (Au) over 6.80m including 66.63 g/t Au over 0.85m and 7.38 g/t Au over 2.55m including 22.05 g/t Au over 0.85m in VL-12-414 and 22.05 g/t Au over 2.25m including 66.03 g/t Au over 0.75m and 15.10 g/t Au over 2.25m including 42.45 g/t Au over 0.75m in VL-12-409.

> Step-out drilling in the central area of the Leprechaun Gold Deposit intersected high-grade intervals 40m down-dip from the Main Zone with 8.06 g/t Au over 11.4m including 29.54 g/t Au over 0.95m and 29.64 g/t Au over 0.95m in VL-12-410.

> Significant new near surface high-grade Hanging Wall mineralization include 15.80 g/t Au over 6.0m including 65.33 g/t Au over 0.75m in VL-12-416.

About Mountain Lake Resources Inc.

Mountain Lake Resources Inc. (TSX-V: MOA) is a diversified junior exploration company, whose corporate strategy is to build shareholder value through the exploration and development of economically viable mineral properties all located on the pro-mining island of Newfoundland. Mountain Lake’s current projects include: a 50% interest in the Valentine Lake gold property under the joint venture with Marathon Gold Corp. (drilling in progress); a 100% interest in the Glover Island gold exploration property; an option to earn a 100% interest in the Little River gold-antimony exploration property; a 100% interest in the Bobby’s Pond base metals property.

Last: 0.27Range: 0.82-0.255Market Cap: 13.6 million

Atna Reports First Quarter 2012 Pre-tax Earnings of $2.9 Million

Atna Resources Ltd. (“Atna” or the “Company”) (TSX:ATN / OTCBB:ATNAF) today released unaudited interim financial results for the Company’s first quarter; ended March 31, 2012. Unless otherwise designated, all amounts are in U.S. dollars. Additional details may be found in the MD&A and Financials filed on SEDAR, on EDGAR, or on the Company’s website at www.atna.com.

Highlights for First Quarter 2012:

• Atna generated net income of $1.9 million or $0.02 per basic share, in the First Quarter 2012. Income before income tax was $2.9 million. As of quarter-end, cash and cash equivalents were $12.3 million.

• The Briggs mine sold 9,367 ounces of gold in First Quarter 2012, a 43 percent increase over First Quarter 2011 results, to produce $15.8 million in gross revenue, a 72 percent increase over First Quarter 2011 gross revenue. The average selling price per ounce of gold was $1,683 in First Quarter 2012 versus $1,398 in First Quarter 2011.

• Briggs produced $6.3 million in positive operating cash flow and $4.9 million of income before tax in the First Quarter 2012.

• Development of the underground mine at Pinson progressed in the First Quarter 2012 with $3.5 million spent on capital development, hiring of key staff, mobilizing the mining contractor, establishing surface support, rehabilitating existing underground workings. 1,500 tons of ore were mined to be used for a bulk sample in testing by third-party processing facilities. As of May 11, 2012, approximately 35 percent of the secondary access has been completed.

• Drilling commenced at Pinson to acquire metallurgical samples for use in a feasibility study of an open pit mine adjacent to the underground mine.

• The State of Montana approved the final topsoil capping of the Kendall Mine leach pads and agreed on a plan to complete the environmental impact study required for final closure.

• In February 2012, the term of the C$20 million facility with Sprott Resource Lending Partnership was extended, now due in three payments in 2013.

About

Atna is building a successful gold mining company dedicated to responsible gold production and the creation of sustainable value for shareholders, employees and communities. Atna’s professional management team is committed to integrity and creating a performance driven culture dedicated to safety and environmental responsibility.

Last Trade: 0.95 52 Week: 1.58 – 0.53 Market Cap: 115.49 Million

Gross margin was 30% versus 37% in the 2011 first quarter.

Operating income was $557,000 versus $1.6 million in the first quarter a year ago.

Net income in the first quarter was $278,000, or $0.01 per share, versus net income of $885,000, or $0.04 per share, in the same period a year ago.

First quarter adjusted EBITDA* was $2.0 million versus $2.8 million in the same quarter last year.

About ENSERVCO
Through its various operating subsidiaries, ENSERVCO has rapidly emerged as one of the energy service industry’s leading providers of hot oiling, acidizing, frac heating and fluid management services. The Company owns and operates a fleet of more than 245 specialized trucks, trailers, frac tanks and related well-site equipment. ENSERVCO operates in Colorado, Kansas, Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania, Texas, Utah, Wyoming and West Virginia.

Last Trade: 0.57 52 Week: 1.50 – 0.53 Market Cap: 12.41 Million

PACIFIC NORTH WEST CAPITAL CORP.

(PFN:TSX)

One of North America’s newest and largest primary platinum group metals deposits, located in the well established mining community of Sudbury, Ontario

• M&I resource of 2,463,000 ounces PGM plus gold

About Pacific North West Capital

• Pacific North West Capital is a mineral exploration company focused on the exploration and development of platinum group metals (PGM’s), precious and base metals
• The corporate philosophy is to be a project generator, explorer and operator with the objective to option or joint venture our mineral projects with major mining companies.
• Focus for 2012 is to advance the company’s flagship project, the River Valley deposit and maintain our aggressive search for new assets and viable exploration programs

Well Positioned For Success

• Ability to share resources, costs, and expertise as a member of the International Metals Group
• Emerging market demand and rising prices for PGM
• Extensive resource sector experience among management and Board of Directors
• Significant shareholder of Next Gen Metals (TSX.V:N)

River Valley Project Highlights

• River Valley Measured + Indicated resources: 91 million tonnes @ 0.58 g/t* palladium, 0.22 g/t platinum, 0.04 g/t gold at a cut-off grade of 0.8 g/t PdEq** for 2,463,000 ounces PGM*** plus gold
• River Valley Inferred resources: 36 million tonnes @ 0.36 g/t palladium, 0.14 g/t platinum, 0.03 g/t gold at a cut-off grade of 0.8 g/t PdEq for 614,000 ounces PGM plus gold
• On a PdEq basis, the Measured + Indicated resources contain 3,944,000 ounces PdEq and the Inferred resources contain 1,201,000 ounces PdEq
• River Valley PGM-copper-nickel sulphide mineralized zones remain open to expansion with continued exploration

Pacific North West Capital belongs to the International Metals Group. Here are our other great companies.

Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s May 10th, 2012, and we’ve found 4 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page … or click on the image below.

FieldPoint Petroleum Reports Record Quarter; Plans To Drill Second Lea County, New Mexico Well

FieldPoint Petroleum Corporation (NYSE AMEX:FPP) announced today its first quarter financial results for the three months ended March 31, 2012.

Financial Highlights for the Three Months Ended March 31, 2012 Compared to the Three Months Ended March 31, 2011:

lTotal Revenues increased 89% to $3,262,620 from $1,727,611;

lNet Income increased 108% to $783,505 from $377,267; and

lEarnings per share, both basic and fully diluted increased to $0.10 from $0.05

lDaily Production increased 84% to 422 BOEPD from 229 BOEPD.

About

FieldPoint Petroleum Corporation is engaged in oil and gas exploration, production and acquisition, primarily in Louisiana, New Mexico, Oklahoma, Texas and Wyoming. For more information, please visit www.fppcorp.com.

Last Trade: 3.4052 Week: 6.00 – 1.72Market Cap: 27.14 Million

Feihe International, Inc. Reports First Quarter 2012 Financial Results

Feihe International, Inc. (NYSE: ADY; “Feihe International” or the “Company”), one of the leading producers and distributors of premium infant formula, milk powder, and soybean, rice and walnut products in China, today announced financial results for the first quarter of 2012. The Company will hold a conference call today at 8:00 am ET.

First Quarter 2012 Financial Highlights:

lRevenue of $62.9 million in 1Q 2012 vs. $67.7 million in 1Q 2011:

lGross profit increased to $34.0 million, or 39.3%, in 1Q 2012 vs. $24.4 million in 1Q 2011, and up from $30.9 million in 4Q 2011

lGross margin was 54.0% in 1Q 2012 vs. 36.0% in 1Q 2011, up from 35.5% in 4Q 2011

lIncome from operations was $9.7 million in 1Q 2012 vs. $5.0 million in 1Q 2011, and up significantly from a loss of $3.8 million in 4Q 2011

lNet income was $8.3 million in 1Q 2012 vs. $4.7 million in 1Q 2011, and up significantly from a loss of $10.5 million in 4Q 2011

lDiluted net income (loss) from continuing operations per common share (“EPS”) was $0.40 in 1Q 2012 vs. $0.23 in 1Q 2011, and up significantly from $(0.31) in 4Q 2011

About Feihe International, Inc.

Feihe International, Inc. (ADY) is one of the leading producers and distributors of premium infant formula, milk powder, and soybean, rice and walnut products in the People’s Republic of China. Feihe International conducts operations in China through its wholly owned subsidiary, Feihe Dairy, and other subsidiaries. Founded in 1962, Feihe Dairy is headquartered in Beijing, China, and has processing and distribution facilities in Kedong, Qiqihaer, Gannan, Longjiang, Shanxi, and Langfang.

Last Trade: 5.8752 Week: 12.00- 2,22Market Cap: 115.72 Million

Rare Earth Metals Releases Resource Estimate for Lavergne-Springer REE Zone

Rare Earth Metals Inc. (“Rare Earth Metals”, “RA” or the “Company”) (TSX VENTURE:RA) (OTCQX:RAREF)(PINKSHEETS:RAREF)

is pleased to announce an initial NI 43-101 compliant independent resource estimate for the Lavergne – Springer REE Deposit. The property is located in Springer Township in northwestern Ontario, immediately north of the Town of Sturgeon Falls and 80 km east of Sudbury, Ontario. The resource estimate was prepared by Tetra Tech Wardrop (Tetra Tech) of Toronto, Ontario. RA owns a 100% interest in the Mineral Rights to the 128 hectare patent, covering the prospect, subject to staged payments of $217,000 over three years; the owners will retain a 1% NSR (Net Smelter Royalty) and the Company will have the right to purchase half of this for $1,000,000. RA owns 100% of the Surface Rights to the eastern half of the Patent (64 hectares) which hosts the deposit.

Highlights:

• 4.167 million tonnes grading at 1.14 % total rare earth oxide (TREO), at a 0. 9% TREO cut-off grade in the indicated category.
• 12.732 million tonnes grading at 1.17 % TREO, at a 0. 9% TREO cut-off grade in the inferred category.
• Neodymium content is 17% of the TREO in the indicated category and 15.6% in the inferred category.
• The resource calculation is based on 5,619 m of drilling in 20 holes, and 3,087 assay samples covering approximately 800 metres of strike length to an average depth 250 metres.
• Resource areas remain open along multiple directions and to depth.
• Additional drilling is recommended for the next phase of exploration to add to the confidence level of the inferred and indicated reserves and to build on the reserve base.

About Rare Earth Metals Inc.

Rare Earth Metals is a well-funded company with a focus on exploring for Rare Earth Element deposits. The Company’s shares are listed on the TSX-V exchange under the symbol RA and the OTCQX exchange under the symbol RAREF. The Company presently has three advanced projects in Ontario and Newfoundland and Labrador, exhibiting multi element potential (REEs, Niobium, Beryllium, Zirconium and Iron Ore).

Last: 0.07Range: 0.35-0.07Market Cap: 6 million

Link to hub

Eagle Hill Continues to Intersect Near Surface-High Grade Gold With 14.55 g/t Gold Over 9.7 Meters at Windfall Lake

Eagle Hill Exploration Corporation (TSX VENTURE:EAG)

is releasing the final assay results from its now completed 25,000 meter drill program on the Windfall Lake Gold Deposit located in the Abitibi gold belt of northern Quebec. Once again, the new results confirm the continued high grade, near surface gold mineralization and expand the size of Zone 27 Upper Extension to the east in areas that were not included in the mineral resource estimate published in November 2011.

News Release highlights

--Open Pit potential for the Upper Extension of Zone 27 warrants future investigation. This scenario has merit because of the numerous resultsshowing consistent near surface, high grade gold mineralization over anear surface strike length of 300 meters and horizontal widths of up to36 meters.

--The assay results of the Upper Extension of Zone 27 include 14.55

g/t Gold over 9.74 meters and 6.6 g/t Gold over 2.2 meters. The two

drill-holes are located approximately 200 meters to the east of

drill-hole EAG-12-318 (22.85 g/t Gold over 25.0 meters); 

--Additional near surface intercepts, parallel to the Upper Extension of

Zone 27, include 5.2 g/t Gold over 8.8 meters; 

About Eagle Hill Exploration Corporation

Eagle Hill Exploration Corporation is a Canadian mineral exploration company focused on the exploration and development of gold and precious metal prospects. The Company is set to become an advanced stage gold exploration company with its acquisition of the Windfall Lake high grade gold project, located in Urban Township, Quebec, between Val-d’Or and Chibougamau. Eagle Hill seeks projects that contain or have potential to have large resource potential. The Company’s website at www.eaglehillexploration.com and public filings at www.sedar.com provide additional information on its properties and other information with respect to its management and operations.

Last: 0.13Range: 0.23-0.115Market Cap: 20.3 million

Link to hub

Vancouver BC – LOMIKO METALS INC. (TSX-V:LMR, OTC: LMRMF, FSE: DH8B) (the “Company”)

is pleased to announce that Mr. Kumara Rachamalla, M.B.A,M.Eng., P.Eng. has been appointed to the Board of Advisors. Mr. Rachamalla has extensive experience with various aspects of business including Strategic Planning, Resource Financing and Mining.

“Mr. Rachamalla was a Director of Holmer Gold Mines, taken over by Lake Shore Gold Corp., Kumara was also an Advisory Board member of Augun Gold Mines, acquired by Trelawney Mining & Exploration and of Augen Capital, a merchant bank. He has comprehensive knowledge of the process of financing, planning and building mines throughout Canada. He has a broad network across Canada in government bodies, institutions and companies within the mining industry”, stated A.Paul Gill, CEO of Lomiko Metals Inc., “He knows the milestones required for building a viable mining entity.”

Key Highlights

-Developed and implemented innovative incentive policies for the Government of Ontario,

-Advised public and private sector clients on technical, environmental, natural resource,financial and taxation issues.

-Designed economic, financial and taxation models to develop and assess a broad range of fiscal options and their impact on private sector investments and made recommendations for incorporation into tax statutes.

-Advised institutional investors in Canada, U.S., Europe and the Far East to invest in attractive investment opportunities in the natural resource sector by providing in-depth commodity analysis, combining financial, technical and industry expertise.

-Provided expert opinion in Canadian and U.S. tax courts.

-Raised both equity and debt capital for corporations and advised corporate clients on financing, joint ventures, acquisitions and mergers.

-Developed strategic plans and reviewed project evaluation of the multi-billion dollar Syncrude oil-sands project.

-Evaluated and conducted feasibility studies and ore reserve estimates in Quebec and Yukon Territories as Assistant Chief Mine Engineer.

-Conducted cost-benefit analyses, environmental studies and health and safety surveys for the National Coal Board in the United Kingdom.

Lomiko’s Quatre Milles Graphite Property

The Quatre Milles Property is road accessible and is located approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling approximately 1,600 hectares.

The property was originally staked and explored by Graphicor Resources Inc. (“Graphicor”) in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.

Near-Term Strategy

Lomiko plans to mount an aggressive exploration campaign on the Quatre Milles Graphite Property commencing with a complete compilation of historic geologic work followed by surface mapping, prospecting and follow-up diamond drilling.

Historical Highlights

1. 1Graphicor completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres.
2. 2
3. 3The work identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds.
4. 4
5. 5Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf.
6. 6
7. 723 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7. The highest individual assay was reported in hole Q90-10 reporting 15.48% Cgf over 0.50 metres. A table of results from the 43-101 indicates:
8. 8

 ------------------------------------------
 |HOLE NO.|FROM(M)|TO(M)|WIDTH (M)|GRADE  |
 |        |       |     |         |(% CGP)|
 |----------------------------------------|
 |Q90-1   |8.94   |10.46|1.52     |7.33   |
 |----------------------------------------|
 |Q90-2   |28.68  |30.13|1.45     |10.38  |
 |----------------------------------------|
 |Q90-3   |16.23  |17.84|1.61     |4.09   |
 |----------------------------------------|
 |Q90-4   |9.4    |14.1 |4.7      |3.95   |
 |----------------------------------------|
 |Q90-5   |2      |3.90 |1.90     |2.07   |
 |----------------------------------------|
 |Q90-5   |22.13  |23.25|1.12     |10.52  |
 |----------------------------------------|
 |Q90-6   |32.54  |41.19|8.65     |8.07   |
 |----------------------------------------|
 |Q90-6   |43.47  |44.05|0.98     |3.87   |
 |----------------------------------------|
 |Q90-7   |3.94   |32.54|28.60    |8.07   |
 |----------------------------------------|
 |Q90-8   |1.54   |2.16 |0.62     |14.89  |
 |----------------------------------------|
 |Q90-8   |5.23   |8.05 |2.82     |7.45   |
 |----------------------------------------|
 |Q90-9   |2.05   |3.10 |1.05     |8.47   |
 |----------------------------------------|
 |Q90-9   |5.76   |6.8  |1.04     |10.86  |
 |----------------------------------------|
 |Q90-10  |2.14   |5.54 |3.40     |8.02   |
 |----------------------------------------|
 |Q90-10  |7.03   |7.61 |0.58     |10.59  |
 |----------------------------------------|
 |Q90-10  |8.53   |9.03 |0.50     |15.48  |
 |----------------------------------------|
 |Q90-10  |9.27   |11.24|1.97     |12.37  |
 |----------------------------------------|
 |Q90-10  |14.16  |15.46|1.30     |4.26   |
 |----------------------------------------|
 |Q90-11  |26.82  |34.02|7.20     |4.63   |
 |----------------------------------------|
 |Q90-12  |0.94   |8.53 |7.59     |8.60   |
 |----------------------------------------|
 |Q90-12  |38.16  |43.61|5.45     |3.79   |
 |----------------------------------------|
 |Q90-13  |0.69   |10.28|9.59     |4.64   |
 |----------------------------------------|
 |Q90-13  |40.95  |43.14|2.19     |3.82   |
 |----------------------------------------|
 |Q90-14  |5.56   |7.22 |1.66     |8.12   |
 |----------------------------------------|
 |Q90-15  |2.21   |5.59 |3.38     |9.76   |
 |----------------------------------------|
 |Q90-16  |       |     |         |NSV    |
 |----------------------------------------|
 |Q90-17  |15.48  |18.63|3.15     |8.11   |
 |----------------------------------------|
 |Q90-17  |21.43  |23.67|2.24     |13.29  |
 |----------------------------------------|
 |Q90-17  |36.77  |47.97|11.20    |5.88   |
 |----------------------------------------|
 |Q90-17  |57.15  |58.21|1.06     |9.53   |
 |----------------------------------------|
 |Q90-17  |59.54  |69.82|10.28    |5.99   |
 |----------------------------------------|
 |Q90-18  |10.68  |12.90|2.22     |8.12   |
 |----------------------------------------|
 |Q90-19  |47.80  |49.25|1.45     |9.16   |
 |----------------------------------------|
 |Q90-19  |50.42  |58.49|8.07     |5.72   |
 |----------------------------------------|
 |Q90-20  |13.51  |16.98|3.47     |5.81   |
 |----------------------------------------|
 |Q90-21  |2.80   |4.98 |2.18     |5.56   |
 |----------------------------------------|
 |Q90-22  |17.37  |20.04|2.67     |2.58   |
 |----------------------------------------|
 |Q90-23  |       |     |         |NSV    |
 |----------------------------------------|
 |Q90-24  |1.78   |4.14 |2.36     |3.77   |
 |----------------------------------------|
 |Q90-24  |12.32  |13.09|0.77     |4.20   |
 |----------------------------------------|
 |Q90-24  |16.86  |18.66|1.80     |4.96   |
 |----------------------------------------|
 |Q90-25  |19.69  |21.24|1.55     |3.67   |
 |----------------------------------------|
 |Q90-25  |25.27  |26.65|1.38     |9.66   |
 |----------------------------------------|
 |Q90-26  |       |     |         |NSV    |
 ------------------------------------------

The Company cautions that it has not had the chance to verify the quality and accuracy of the historic sampling and drilling results reported in this news release which predate the introduction of NI 43-101 and cautions readers not to rely upon them. The historic figures were generated from sources believed to be reliable, however, they have not been confirmed. Although the sampling and drilling results are relevant, they have not been verified.

Graphite Market

-The price for flake graphite is $ 2000-$4000 per tonne depending on flake size and grade.

-Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled.

-Graphite prices have almost tripled since 2005 due to the ongoing industrialization of China, India and other emerging economies and resultant strong demand from traditional steel and automotive markets.

-Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted, nuclear reactors are built in China, and if fuel cells and graphene patents become products.

-China, which produces about 70 per cent of the world’s graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted.

-Europe and the USA have both indicated graphite is of economic importance and has a supply risk (Critical Raw Materials for the EU, July 2010).

Graphite Facts

-Natural graphite comes in several forms: flake, vein, amorphous and lump.

-Southwestern Quebec is host to some of the most favorable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles mine operated by Timcal.

-Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.

-There is roughly 20-30 times more graphite by weight needed to produce a lithium-ion battery than there is lithium.

-Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.

-High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles Property.

Jean-Sebastien Lavallee (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

For more information, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com

On Behalf of the Board

“A. Paul Gill”

Chief Executive Officer

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2012 Thenewswire.ca – All rights reserved.

Source: TheNewsWire (May 10, 2012 – 6:30 AM EDT)