For the three-month period ended on September 30, 2006, Richmont Mines (TSX: RIC)(AMEX: RIC) reported a net loss of $437,952, or $0.02 per share, compared with a net loss of $1,389,743, or $0.07 per share, in 2005. The difference of $951,791 is mainly due to more than a 100% increase of ounces of gold sold, compared with the same quarter in 2005, as well as an increase in the average selling price in 2006. Cash flow from operations totalled $400,086 for the third quarter of 2006, compared with $250,040 in 2005. During the period of three months ended on September 30, 2006, 10,653 ounces of gold were sold at an average price of US$611, compared with an average price of US$438 for 4,931 ounces of gold sold for the same period in 2005.

For the nin...

GREAT PANTHER RESOURCES LIMITED (TSX VENTURE: GPR) is pleased to announce that the ongoing westward development of veins at the Company's 100% owned Topia Silver-Lead-Zinc Mine in Durango, Mexico is not only continuing to demonstrate high grades of silver-lead-zinc but new underground sampling has shown that the deeper portions of the Madre, La Dura, and Animas veins are increasingly gold rich.

For example, systematic sampling on the deeper portions of the Animas vein returned the following results (mine levels are named according to their elevation above mean sea level; therefore level 1380 is 50 metres below level 1430):

Level 1430: 1.47g/t Au, 186g/t Ag, 2.02% Pb, 4.43% Zn over 25 metres strike length with an average width of 0.19m (average of 5 channel samples).

Level 1420: 3.03g/t Au, 878g/t Ag, 3.19% Pb, 2.74% Zn over 38 metres strike lengt...

Malette Industries Inc. (TSX VENTURE: MLT) is pleased to announce that it has retained the services of MaisonBrison for investor relations and communications. Services include financial communications, web site development and maintenance, and shareholder database development and maintenance.

"Having completed the IPO process, we are now looking to establish an appropriate ongoing communications program for shareholders and investors," said Gilles Malette, Chief Executive Officer of Malette Industries. "To assist us with this endeavour, we have selected MaisonBrison, a well-established firm specialized in this field."

"MaisonBrison is proud to be associated with Malette Industries and we look forward to ensuring that all stakeholders remain abreast of the Company's various initiatives. Our extensive resources, combining expertise in both finance and co...

Inter-Citic Minerals Inc. (TSX: ICI)("Inter-Citic" or "the Company") President and CEO James Moore, is pleased to announce that the Company has initiated a humanitarian aid project at Dachang specifically to assist with local issues of medical health.

"Our partnerships with all stakeholders at Dachang are of critical importance to the company. In keeping with this basic philosophy, we feel it is important that Inter-Citic take the lead and actively contribute to the well-being of local inhabitants at Dachang,' said James Moore, President and CEO. "I invite other mining companies, especially in Western China, to follow our lead in investing in social projects to make the lives of ordinary local people better in any way they can. Creative programs like this one provide benefits that greatly outweigh their relatively modest costs."

The Qinghai Province of the Peo...

Seprotech Systems Inc.(TSX VENTURE: SET) , a leading Canadian water and wastewater treatment systems manufacturer, is very saddened to announce that past CEO, Dr. Gilles Turcotte, has died of cancer. His funeral will take place in Ottawa 9 September. Dr. Turcotte had served as President & CEO of Seprotech for six years until October 2005. Dr. Turcotte was 51 years old.

"Gilles was a skilled and talented businessman who helped Seprotech through a difficult period of transition and his contribution is greatly valued", said Martin Hauschild, President & CEO of Seprotech, "Gilles led a varied and colourful business life that ranged from doing academic work to scientific research to business management. His broad range of personal and professional interests are reflected in many elements of the company and his contribution will be greatly missed." ...

Malette Industries Inc. (TSX VENTURE: MLT) today announced its financial results for the third quarter, ended June 30, 2006.

Third Quarter Highlights:

- Sales totalled $5.6 million for the quarter and $16.6 million for fiscal year to date

- Gross profit totalled $760,000 for the quarter and $2.8 million for fiscal year to date

- Gross margin declined due to product mix

"Our sales volume progressed nicely, however we were disappointed by our bottom line performance. A higher sales volume of low grade flooring and lumber products in the quarter had a negative impact on our gross margin," said Gilles Malette, President and Chief Executive Officer.

Sales

Sales for the third quarter increased to approximately $5.6 million, compared to $4.2 million in the same period last year. Fiscal year to date sales increased to approximately $16.6 mi...

Alexis Minerals Corporation (TSX VENTURE: AMC) is pleased to report completion of a revised geological model on the Lac Pelletier property in Rouyn-Noranda, Quebec and a new Resource estimation for the deposit. Measured and Indicated Resources on the property at a 3.0 grams of gold per tonne (g Au/t) cut-off (Table 1) are estimated to be 1,240,839 tonnes (t) grading 6.06 g Au/t for 241,632 ounces of gold (oz. Au). An additional Inferred Resource of 491,140 t at a grade of 5.17 g Au/t, for 81,637 oz. Au, is also identified. This resource estimate is increased relative to a historical resource calculation on the property completed by Thundermin Resources (see Press Release: December 21, 2005). The Lac Pelletier property is located 4 km southwest of the town of Rouyn-Noranda and consists of 35 claims and 2 mining concessions covering 723 hectares.

"The new La...

Logibec Groupe Informatique Ltd. (TSX: LGI) announced today that it has acquired the business activities of Lagibert inc., a company specializing in the development, marketing and support of human resources software for the health and social services sector. Pursuant to the terms of the agreement, Mr. Gilles Groulx, whose expertise is widely recognized, will be joining Logibec's personnel and will participate in the marketing of the acquired software as well as in the continued growth of the software developed by Logibec. The financial terms of the agreement are confidential, however the transaction should increase Logibec's annual revenue by $0.3 million.

ABOUT LOGIBEC

LOGIBEC is among the ten largest Canadian companies specializing in the development, marketing, implementation and support of information systems for the health and social services sector. Ove...

Cardero Resource Corp. ("Cardero" or "the Company") (TSX VENTURE: CDU)(AMEX: CDY)(FWB: CR5) is pleased to announce that it has agreed to invest a minimum of $2,240,000 in International Tower Hill Mines Ltd. (TSX VENTURE: ITH) by way of participation in the private placement announced by ITH on June 14, 2006. The private placement is being carried out in conjunction with the acquisition and option by ITH of a portfolio of mineral properties in Alaska from a subsidiary of AngloGold Ashanti Limited, one of the worlds foremost gold producers.

As recently announced, ITH has signed a letter of intent (LOI) with AngloG...

Syscan International Inc. (TSX VENTURE: SYA) and the Desjardins Group, the largest integrated financing co-operative in Canada, announced today that they have joined forces to offer their clients special financing towards the purchase of Syscan's RFID (radio frequency identification) based traceability solutions for the agricultural industry across Canada.

Under the terms of an agreement with Desjardins' Accord D Financing Program, Syscan will offer its customers interest-free, as well as no fee financing. Pursuant to the agreement and aided by Visa Desjardin's Business Card, Canadian agricultural entrepreneurs will now be able to take advantage of simple, rapid and efficient financing.

In thanking Desjardins for its co-operation, Mr. Robert Henri, Vice-President and Chief Operating Officer said, "We are extremely pleased with the co-operation we have received from Desjardins' Credit Card Services Group. Since its inception, Desjardins has worked extremely closely with the agri...