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PENNY STOCKS IN PLAY (CANADIAN)

4:04 PM EST - : Commander Resources Ltd.: announced that it has entered into an option agreement with Stratabound Minerals Corp. providing Stratabound the right to earn an initial 60% interest in Commander's Nepisiguit and Stewart properties, located in the Bathurst Mining Camp of New Brunswick. The Nepisiguit and Stewart properties adjoin the northern boundary of Stratabound's 100% owned CNE, Captain, and Captain East claims where they are currently drilling. Under the terms of the option, Stratabound has the right to earn an initial 60% participating interest in the Properties over a five-year period by issuing to Commander 400,000 Stratabound shares and completing $1,500,000 in eligible exploration expenditures. Stratabound will issue 50,000 common shares to Commander upon receipt of regulatory approval, and agrees to committed expenditures of $150,000 on the Properties in the first year, of which $50,000 must be expended by October 30, 2010. The first year's committed program must include at least 1,000 metres of diamond drilling.

Companies mentioned in this penny stock in play include:
Commander Resources Ltd. (V.CMD) is trading up $0.02 at $0.39.


4:02 PM EST - : TAG Oil Ltd.: reported financial results and operating highlights today, for the period ended March 31, 2010. Production revenue for 2010 increased to $6,527,585, compared to $4,923,856 in 2009. TAG produced 67,525 net barrels of light oil in fiscal 2010, which was sold at an average price of $84.50 per barrel. The Company recorded a net loss for the year of $2.6 million, compared to a loss of $18.9 million for the year ended March 31, 2009. The 2010 net loss consisted primarily of a write-off of $1.4 million related to Austral Pacific Energy Ltd. shares that were issued to TAG, along with cash, as part of an arrangement to settle a dispute with Austral Pacific Energy Ltd. in 2008.

Companies mentioned in this penny stock in play include:
TAG Oil Ltd. (V.TAO) is trading even at $2.55.


11:13 AM EST - : Triple 8 Energy Ltd.: announced that it has successfully completed the previously announced acquisition of certain high quality assets in northeast British Columbia, in the vicinity of the prolific Boundary Lake area, for total consideration of $4,300,000, plus applicable taxes and fees. The Acquisition is comprised of nine (4.45 net) producing wells, nine (4.46 net) suspended wells, and associated production and facilities. In May, net production from the assets acquired pursuant to the Acquisition is approximately 68 boe/d, comprised of 36 barrels per day of light oil and natural gas liquids and 190 mcf per day of natural gas. This asset will be operated substantially by the Company, with working interests ranging from 50% to 100%.

Companies mentioned in this penny stock in play include:
Triple 8 Energy Ltd. (V.TEE) is trading up $0.005 at $0.115.


11:11 AM EST - : Kalahari Resources Inc.: announced drill results from the newly-acquired Triangle zone on its 100% owned Lamaque Property, located in the Val-d'Or gold camp of Quebec. The property is immediately adjacent to both the Sigma and Lamaque mines, which together produced approximately nine million ounces of gold. The Company drilled six holes in the Triangular Zone in the campaign, with all holes returning significant gold mineralization. The holes drilled to-date show a strike length of approximately 500 metres. Mineralization has ranged up to 78.37 grams per ton gold.

Companies mentioned in this penny stock in play include:
Kalahari Resources Inc. (V.KLA) is trading up $0.01 at $0.05.




YESTERDAYS PENNY STOCKS IN PLAY


4:01 PM EST - : Frontline Gold Corporation: announced that the preliminary reconnaissance RAB drill program, termite mound sampling and mapping and sampling of old workings has identified two substantial mineralized trends and will assist in the identification of diamond drill targets at Frontline's 100% owned Niaouleni Gold Project in South Mali, West Africa. Highlights include significant RAB Intersections: four metres @ 3.81 g/tonne; four metres @ 3.24 g/tonne; four metres @ 1.15 g/tonne; four metres @ 1.21 g/tonne; eight metres @1.82 g/tonne including two metres @ 5.63 g/tonne; four metres @ 2.12 g/tonne

Companies mentioned in this penny stock in play include:
Frontline Gold Corporation (V.FGC) is trading down $0.005 at $0.13.


4:00 PM EST - : Northern Abitibi Mining Corp.: provided assay results for drill holes 61 to 65 along with select metallic screen assays from its ongoing drill program at the Viking gold property in Newfoundland. Hole 61 encountered several zones of elevated gold mineralization to 267.6 metres depth. The hole encountered a high grade quartz-sulfide vein containing visible gold which returned 1.1 metres of 6.8 g/t gold at 156.9 metres depth. Hole 62 intersected a zone 5.1 metres wide grading 2.3 g/t gold, and hole 63 intersected 7.8 metres grading 3.5 g/t gold including a higher grade vein which contained 11.5 g/t gold over one metre. Hole 64 intersected a 0.4 wide zone containing visible gold which returned 3.6 g/t gold. Hole 65 encountered anomalous gold throughout most of its 197 metre length with a high of 2.4 g/t gold over 0.7 metres from 85.3 metres depth.

Companies mentioned in this penny stock in play include:
Northern Abitibi Mining Corp. (V.NAI) is trading down $0.005 at $0.185.


11:13 AM EST - : Canacol Energy Ltd.: provided an update of its development drilling program at its operated Rancho Hermoso Field located in the Llanos Basin of Colombia, which is operated under a contract with Ecopetrol, the state oil company of Colombia. The Corporation has completed the drilling of the Rancho Hermoso 6 well, the first of five development wells planned for 2010. The Corporation spud the RH 6 well on June 24, and completed drilling operations on July 20, reaching a total depth of 10,780 feet measured depth (9,933 ft true vertical depth) without operational incident. The well is located in the southern part of the field, approximately 1,800 ft to the northeast of the RH 5 well, which was drilled in December 2009 and tested 8,428 barrels of oil per day ("bopd") of light oil under naturally flowing conditions from the Guadalupe and Barco - Los Cuervos reservoirs.

Companies mentioned in this penny stock in play include:
Canacol Energy Ltd. (V.CNE) is trading up $0.06 at $1.10.


11:12 AM EST - : Silver Shield Resources: provided an update on exploration activities in the West Timmins Area. Silver Shield has now received preliminary results from Magnetic and IP surveys being run on the 100% owned "Lost Dog Project" in south central Denton Township tied onto RT Minerals' and Nebu Resources' land positions, in Canada's hottest Gold Exploration Camp, the West Timmins area. Magnetic surveys have shown a large area of low magnetic intensity crossing the property from west to east that may represent the extension of the prolific Porcupine-Destor Fault Zone (PDFZ) through the property, or may be a splay structure off of it. A number of high magnetic intensity structures run north-northeast across the property as well. IP surveys have shown that conductive zones are associated with the margins of these structures, which is a similar setting to the location of gold in drilling by other explorers in the northern part of Denton Township and in Carscallen Township.

Companies mentioned in this penny stock in play include:
Silver Shield Resources (V.SSR) is trading even at $0.04.


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