Colt Resources Inc. (TSX-V: GTP)

Zacks SCR Research releases an update on Colt Resources Inc. (TSX-V: GTP) (OTC: COLTF):

The report by CFA Steven Ralston includes the expected Preliminary Economic Analysis for the Boa Fé gold project in the second quarter.  It also updates investors on Tabuaco, Santo António, and Borba along with other updates about Colt Resources. In the final paragraph – quoted below – they reaffirm their “outperform rating” and update their target:

We reaffirm our Outperform rating. Our price target is $2.10, which is based on an estimated share value of attributable resources indicated by Colt’s NI 43-101-compliant mineral resource estimates and utilizes the current prices of gold and tungsten. We consider our valuation model to be conservative in that it also includes prospective developmental costs at Boa Fé and Tabuaço.

Colt Resources Inc. (TSX-V: GTP)

Colt Resources Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Colt Resources – (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to twenty thousand dollars for coverage. . In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

Sultan 2013 Exploration Update

Vancouver, BC – April 30, 2013: Sultan Minerals Inc. (TSX-V: SUL; “Sultan”) is pleased to provide an exploration update for its Kena Gold, Jersey-Emerald Tungsten-Zinc, and Daylight Gold projects in BC, Canada.

Kena Gold Property:

In January 2012 Sultan entered into an option agreement with Altair Gold Inc. (“Altair”) whereby Altair has an option to earn a 60% interest in the Kena Gold-Copper Property for cash and share option payments of $2,000,000 and 2,666,667 Shares over four years and $7,500,000 in Project related exploration expenditures. The 7,600 hectare, road accessible Kena Property is located between the communities of Nelson and Ymir in southeastern British Columbia.

In 2012 Altair explored the property with 7,527 metres of diamond drilling in 41 drill holes. An updated resource estimate was completed in April. The new resource estimate using a 0.30g/t gold cut-off shows:

-25,280,000 tonnes in the Measured + Indicated (M&I) Resource categories, comprising 490,000 contained ounces of gold, plus

-90,440,000 tonnes of Drill Inferred Resources containing 1,399,000 ounces of gold, representing a 173% increase (see News Release of April 11, 2013).

Altair Gold Incorporated is planning for an expanded work program on the Kena Property in 2013.

Jersey-Emerald Tungsten-Zinc Property:

The 14,000 hectare Jersey-Emerald Tungsten-Zinc Property is located 8 kilometers south of the community of Salmo, in southeastern British Columbia. It consists of two totally separate styles of mineralization: one is tungsten mineralization and the other is zinc. The historic deposits were mined previously by Placer-Dome and Cominco and include Canada’s second largest tungsten mine and BC’s second and third largest zinc mines.

Sultan has extensively drill tested the deposits, completed three Resource Estimates, a Preliminary Economic Assessment, a Scoping Study, and a baseline Environmental Study. In 2012 Emerald Mining Services of Salmo BC was contracted to complete a project review and prepare a Project Description for environmental permitting purposes. The report which proposes a 2,000 t/day mining operation was completed and submitted to the BC and Canadian Environmental Departments in February 2013.

Sultan is seeking a joint venture partner to help advance the project toward production.

Daylight Gold Property:

The Daylight Gold Property covers 550 hectares of mineral claims located seven kilometres south of Nelson, British Columbia. The property includes four, historic, small, high-grade, gold mines (see map).

In September, 2012, PBG Geoscience Ltd. was commissioned to review historical property work, to assess the current status of exploration on the Daylight Property and to make recommendations for future exploration. This study is now complete and has successfully identified four gold bearing targets that require exploration. These are the Great Eastern Porphyry Gold Zone, the Starlight Shear Zone, the North Star Shear Zone and the Silver King Gold Corridor.

The Great Eastern Porphyry Gold Zone is a strong untested gold soil anomaly that is 1.1 km long and up to 500 metres wide located over an overburden covered area immediately west of the historic Great Eastern Gold Mine.

The Starlight Shear Zone is host to the historic Starlight, Victoria and Daylight gold mines. This mineralized shear zone is up to 50 metres wide, and has been traced by IP for 3.0 km along strike.

The North Star Shear Zone lies 500 metres north of the Starlight shear. The zone is 54 metres wide gives a prominent IP chargeability anomaly that has been traced 2.0 km south where it joins with the Starlight anomaly. The zone was explored with 7 long trenches in 1939 and continuous chip sampling was reported to give a grade of 1.20 g/t gold across the entire 54 metre width. In 1980 Asarco tested the zone with a single diamond drill hole. The hole, DDH80-1, assayed 0.88 g/t gold across 33.5 metres.

The Silver King Gold Corridor is defined by a series of strong gold soil anomalies that are traced over a 1.0 km long zone that is up to 300 metres wide. A single drill hole near the north end of the soil anomaly intersected 38 metre that assayed 0.33 g/t gold. This zone has significant tonnage potential if higher grades can be achieved.

An expanded work program is recommended for the Daylight Property in 2013. This recommended program involves detailed geological mapping, structural, alteration and mineralization studies, prospecting, trenching, sampling and up to 6,000 metres of diamond drilling on the four targets. Sultan is seeking financing to fund the recommended exploration work.

Perry Grunenberg, P. Geo., is Sultans project supervisor for the three properties and “Qualified Person” for the purpose of National Instrument 43-101.

Arthur G. Troup, P.Eng., Geological

President and CEO

For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: mlee@sultanminerals.com or info@sultanminerals.com

For further information on Sultan’s projects, visit www.sultanminerals.com.

This release was prepared by Sultan’s management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed “forward-looking statements.” All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Sultan expects are forward-looking statements. Although Sultan believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Sultan, investors should review Sultan’s filings that are available at www.sedar.com or Sultan’s website at www.sultanminerals.com.

News is out on three Venture Exchange oil companies. Cancen Oil Canada Inc. (TSX-V: :COI) released 2012 forth quarter and annual highlights. Paris Energy Inc. (TSX-V: PI) released results for the three months ending February 28, 2013. United Hunter Oil & Gas Corp. (TSX-V: UHO) announced that Arthur Halleran will continue as CEO and director of United Hunter Oil & Gas Corp. to assist with the continued search for a replacement CEO and new ventures.

Here are the details: 

Cancen Oil Canada Inc. (TSX-V: COI) 2012 Fourth Quarter and Annual Highlights:

• The Company completed the purchase and commenced operating the Silver Valley facility in Gordondale area of Alberta in the first quarter of 2012 and subsequent to receiving ERCB approval to operate the disposal well, began water disposal and custom treating services in the last quarter of 2012.
• The Company received a development permit from Strathcona County to allow the Chamberlain asset to operate as a custom treating facility and further progress made towards conversion of Chamberlain Facility into an operational custom treating facility.
• The Company acquired the Kinsella crude oil terminalling and blending for total consideration of $5.0 million. Subsequent to the acquisition date, $1.0 million of the goodwill associated with this transaction was deemed to be impaired and hence written off.
• 94% increase in net book value of property, plant and equipment to $14.8 million as at December 31, 2012 from $7.6 million as at December 31, 2011.
• 77% increase in revenues in the fourth quarter of 2012 over the third quarter of $0.3 million, with operating expenses of $0.5 million. Revenues for the year ended December 2012 were $0.8 million with operating costs of $1.1 million.
• Net loss per share for the year ended December 2012 is $(0.06) and for the quarter ended December 31, 2012 is $(0.03).
• In December, the Company announced a new management team who joined in January 2013 and have invested $1.3 million into the Company.

Read more at: http://stockgurucanada.com/tag/tsx-v-coi/

Paris Energy Inc. (TSX-V: PI) announced its financial and operating results for the three months ended February 28, 2013. These documents can be accessed on the SEDAR website (www.sedar.com).

Read more at: http://stockgurucanada.com/tag/tsx-v-pi/

United Hunter Oil and Gas Corp. Announces Arthur Halleran Will Continue as CEO and a Director of United Hunter:

The Corporation announces that Arthur Halleran will continue as CEO and director of United Hunter Oil & Gas Corp. to assist with the continued search for a replacement CEO and new ventures.
United Hunter Oil & Gas Corp. (www.unitedhunteroil.com) is a Canadian based corporation with management very experienced in the oil and gas industry with projects in California and Canada. United Hunter Oil & Gas Corp. is publicly traded on TSX Venture Exchange (TSX-V: UHO).

Read more at: http://stockgurucanada.com/tag/tsx-v-uho/

Colorado Resources Drills 242 m of 0.63 % Copper and 0.85 g/t Gold in First Drillhole on its North ROK Property

COLORADO RESOURCES LTD. (TSX VENTURE:CXO) (“Colorado” or the “Company”) is pleased to announce the results of the first of two drill holes recently completed on its 100 % owned North ROK property located approximately 190 kilometres north of Stewart B.C and along Highway 37 south of the village of Iskut.

The property is underlain by volcanic and sedimentary rocks of the Upper Triassic, Stuhini Group to Lower Jurassic, Hazelton Group in a similar geologic setting to Imperial Metals Red Chris mine development (15 kilometres to the southeast) which has proven and probable reserves of 301.5 million tonnes grading 0.359 % copper and 0.274 g/t gold.

The Company has recently completed two drillholes (totalling 524.4 m) on the property based on a follow up of 2012 soil sampling, ground magnetic and IP surveying in an area around the Mabon showing. This work demonstrated that porphyry copper gold style mineralization and alteration is associated within a roughly 350 by 700 m copper-gold geochemical anomaly that is coincident with a similar sized area of increased magnetic susceptibility and I.P chargeability. Preliminary field work was cut short last fall due to winter conditions and anomalous zones remain open along strike.

Drillhole NR13-001 was targeted to test the northern part of the coincident soil geochemical, magnetic and chargeability anomalies and the entire length of hole NR13-001 returned 333.0 m of 0.51% Cu and 0.67 g/t Au. The first 242 metres of the hole was hosted in a typical porphyry copper style altered monzonite intrusion and returned 242.0 m of 0.63% Cu and 0.85 g/t Au. The last 91 metres of the hole intersected altered volcanics which weakened away from the intrusive contact but still returned 0.20 % Cu and 0.19 g/t Au.

Drillhole NR13-001 was drilled at a -45 degree dip towards the northeast and the intervals above represent length down the hole. The Company has yet to collect sufficient data to determine how the downhole drill intervals might relate to the actual true thickness of mineralization.

The samples were analyzed by Acme Analytical Laboratories of Vancouver, British Columbia. Copper values were first determined using the 1DX ICP-MS method which reports values as parts per million (ppm). Any samples containing greater than 2000 ppm copper were assayed by the 7AR method, which reports values as percent copper. The gold results were determined using the G601 Fire Assay method which reports gold results in ppm and are equivalent to grams per tonne (g/t). The analytical results were verified with the application of industry standard Quality Control and Quality Assurance (QA-QC) procedures.

Colorado’s Technical Team is very encouraged by the fact that the observed drill core is consistently mineralized and altered over significant lengths of the monzonite intrusion and appears to be associated with a 350 metre by 750 metre magnetic feature.

Drillhole NR13-002 was targeted to test a second 500 by 700 metre magnetic feature on the flanks of the chargeability anomaly 350 m west of Hole NR13-001 and intersected weakly altered monzonite intrusion. Assay results for this hole are still pending but initial geological indications appear to indicate it is related to a different phase.

Given these highly encouraging results Colorado is planning further drilling to follow up this exciting discovery hole on the North ROK property and will continue working with the Tahltan First Nation and local contractors and consultants in order to give first opportunity to local communities.

Qualified Person

Mr. Greg Dawson, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who supervised the work program and preparation of the technical data in this news release.

About Colorado

Colorado is engaged in the business of mineral exploration for the purpose of acquiring and advancing mineral properties located in British Columbia and the Yukon and is also aggressively seeking quality properties in the US southwest and Latin America. Colorado’s primary exploration focus is on the Eldorado and North ROK properties in the Red Chris area.

ON BEHALF OF THE BOARD OF DIRECTORS OF

COLORADO RESOURCES LTD.

Adam Travis, President and Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding proposed exploration activities. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the market for gold or other minerals that may be produced generally, recent market volatility; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company’s prospectus dated September 16, 2010 for a more complete discussion of such risk factors and their potential effects, a copy of which may be accessed through the Company’s page on SEDAR at www.sedar.com.

Pistol Bay Mining Inc. (TSX VENTURE:PST) reports that due to the recent copper-gold discovery on Colorado Resource North ROK property, in the Iskut area of northern British Columbia, Pistol Bay has received significant interest in its 100% owned Summit Lake B property (Kitty Claims). The Colorado Resources drill hole intersected 242 metres grading 0.63% copper and 0.85 g/t gold. The 1,394 hectare Summit B property is contiguous with Colorado Resources North ROK property and 20 kilometres northwest of Imperial Metals Red Chris Copper-Gold project. Pistol Bay’s total land package, in the Iskut area, consists of three properties totaling over 8,500 hectares, much of which is adjacent to the Red Chris project.  Pistol Bay is evaluating various alternatives for advancement of this exciting project.

In 2010 Pistol Bay carried out preliminary surface geological mapping and geochemical sampling which outlined a gold-bearing horizon on the Summit B property. Previous programs had focused on copper exploration, outlining a trend of roughly 100 metres of strongly anomalous copper values from rock sampling. Although copper was the main focus, rock sampling also returned several high gold values, up to 4.95 g/t gold, along a parallel zone roughly 30 metres southwest of the main trend.

Further exploration in 2010, at this location, yielded two notable rock composite grab samples of similar gold-bearing rock. Results of 17.9 g/t gold with 18.5 g/t silver, and 10.9 g/t gold with 15.9 g/t silver respectively, were returned. Detailed grid soil sampling and rock sampling indicate these correspond to a 250 metre trend of anomalous gold values, including a rock chip sample of similar material grading 1.875 g/t gold across 2.0 metres. Similar coincident anomalous copper-gold values were returned from soil sampling about 250 metres farther northwest along trend. This trend represents a new target warranting further exploration within the Summit B block. Composite grab sampling throughout the property returned numerous anomalous copper values from 0.271% to 1.505% copper.

The B.C. Minfile description of the Kitty occurrence reports historic work including 9 bulldozer trenches over an area of 170 by 5 metres (B.C. Assessment Report 21416) and historic results from surface grab samples as high as 8.98% copper, 24.5 g/t silver and 0.045 g/t gold. Grab samples as high as 1.61 g/t gold and 0.6% copper have been returned from another showing approximately 50 metres southwest of the bulldozed trench area.

Grab samples are selective in nature and assays may not be representative of all mineralization on the property.

Technical information in this news release has been prepared and/or revised by Mike Magrum, P.Eng., and qualified person as defined in NI 43-101.

About Pistol Bay Mining Inc. (TSX VENTURE:PST) is a diversified Junior Canadian Mineral Exploration Company with a focus on graphite, precious metals and base metal properties in North America.

For additional information please contact Charles Desjardins at Pistol Bay Mining Inc. or visit www.pistolbaymining.com.

On Behalf of the Board of Directors

PISTOL BAY MINING INC.

Charles Desjardins, President and Director

Cautionary note:

This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

We have issued a brief report on our take regarding the “Gold Crash of 2013.” That is on our US site, StockGuru.com. I will put the link to that below. I am getting a lot of questions about gold stocks on the TSX Venture exchange and which ones are the best choices right now.

At this point I think it comes down to three things when looking at gold stocks right now:

1. Only buy gold stocks that have been overwhelming profitable in the past three years. 
2. Only buy gold stocks that are truly producing, and avoid those that are still in the hunt for gold. 
3. If a gold stock has been losing money for the past couple of years, there must be something that is truly miraculous on the horizon for those shares to move upward as opposed to downward. 

Here are a couple of posts we have issued at StockGuru.com about gold and other precious metals earlier today:

Our take on the “Gold Crash of 2013″

Gold Stocks? A Value Now?

Should I sell my gold? Should I buy Gold?

We all know that pets contribute to allergies in our homes. Like our children, they are a family. So what is the best air purifier for children with allergies and pets?

Please take a look at The ViraTech UV400.

Beside being likely the best air filter for children with allergies, it also eliminates most odors – including those from pets.

As the device kills or reduces virtually all types of allergens and airborne contaminants, many of which can cause coughing, sneezing, or inflamed nasal passages, a significant number of our customers have experienced easier breathing, less use of inhalers, reduced incidence of sick days, and dramatically improved sleep. The device is particularly useful in bedrooms, nurseries, and areas where the family congregates.

Are you looking for the best air purifier for children with allergies?  We suggest you take a look at the UV400 from UV Flu Technology. The UV400 kills over 99% of all airborne bacteria (and that’s official).  Beside being likely the best air filter for children with allergies, it also eliminates most.

Allergy: Exaggerated reaction by our immune system in response to bodily contact with foreign substances. Almost 1 in 5 Americans, over 50 million people, suffer from allergies or asthma.

Colt Resources Inc. (TSX-V: GTP)

Colt Resources Inc. (“Colt” or the “Company”) (GTP.V) (COLTF) (P01.F) announces today that it expects the final portion of the private placement with the previously-announced, by way of a press release on February 6, 2013, Asian-based strategic investor to be concluded on or about April 18th, 2013. The Company has received an executed subscription agreement for $5 Million CAD from an investor which is a newly constituted Hong Kong-based resource investment fund, along with written confirmation this week that funds are expected shortly with an explanation that the delay has simply been administrative in nature and as a result of the Chinese New Year Holidays and by the recent major elections in China. This final tranche of the private placement will be under the same terms as the previously-announced private placement, that is a price of $0.45 per share.

The common shares issued by the Company will be subject to a four-month hold period in accordance with applicable Canadian securities laws. Completion of the final tranche of the private placement is subject to the receipt of all necessary regulatory, including the TSX Venture Exchange.

The Company is also pleased to announce that it plans to release a Preliminary Economic Analysis (PEA) for its Boa Fé gold mining project towards the end of April, followed by a PEA on its Tabuaço tungsten project in May.

This press release does not constitute an offer or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States unless an exemption from such registration is available.

About Colt Resources Inc.
Colt Resources Inc. is a Canadian development company engaged in acquiring, exploring, and developing mineral properties with an emphasis on gold and tungsten. It is currently focused on advanced stage exploration and development projects in Portugal, where it is one of the largest lease holders of mineral concessions in gold and the largest in tungsten.

The Company’s shares trade on the TSX‐V, symbol: GTP; the OTCQX, symbol: COLTF, and the Frankfurt Stock Exchange, symbol: P01.

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news release may contain “forward-looking information”. Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of Colt Resources Inc. (the “Company”), or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Company’s annual information form available on SEDAR atwww.sedar.com and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Neither the 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.

Colt Resources Inc. (TSX-V: GTP)

Colt Resources Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Colt Resources – (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to twenty thousand dollars for coverage. . In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

Yes, if you are looking for the best air filter for pet owners – –  the best air filter to control pet odor – – you simply must consider The ViraTech UV400.

Let’s look at all the uses for the UV400. Remember, it is not just about reducing pet odor.  It is not just the best air filter for pet owners. It might simply be the best on the market… period.

First – it reduces greater than 99% of airborne bacteria. They can even prove this. They have the studies!

The Viratech UV-400 treats all forms of indoor air pollution, including odors, smoke, and toxic chemicals such as, perfume, paint, scented candles, nail polish remover etc. The device is FDA cleared as a Class II medical device for killing airborne bacteria and a host of allergens and airborne contaminants, which will keep your family safe from the spread of airborne pathogens.

As the device kills or reduces virtually all types of allergens and airborne contaminants, many of which can cause coughing, sneezing, or inflamed nasal passages, a significant number of our customers have experienced easier breathing, less use of inhalers, reduced incidence of sick days, and dramatically improved sleep. The device is particularly useful in bedrooms, nurseries, and areas where the family congregates.

Independent Resource Estimates Update

Significant Increase in Independent Resource Estimates in Sidi Moktar Operated Licence

LONGREACH OIL AND GAS LIMITED (LOI.V) (“Longreach”), an independent oil and gas company holding exploration licences in Morocco, is pleased to announce that an updated independent assessment of the Company’s prospective resources on the Sidi Moktar licence has been completed by Gaffney, Cline & Associates (“Gaffney, Cline”, or”GCA”). Longreach operates and holds a 50% working interest in the Sidi Moktar Licence. The independent assessment was carried out in accordance with the standards established by the Canadian Securities Administrators in National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities using the Canadian Oil and Gas Evaluation Handbook. The following two tables have been prepared for the convenience of readers by Longreach, detailing prospective hydrocarbon resources by prospects and leads and with the associated geological chance of success (“GCoS”).  

News from StockGuruCanada.com

To Feature a Company on StockGuru Canada, contact:

John Pentony, Publisher
Email: John@StockGuruCanada.com
Tel: (469) 358-5200

Copyright © 2003-2013 Equity News First Newswire & Pentony Enterprises. To publish on the Equity First Newswire please visit http://equitynewsfirst.com/submit-a-release/ - The ENF Newswire is distributed to over 1000 networked site and is also picked up by various news and market data web sites beyond that network. Contact the ENF Newswire at: 469-358-5200 or contact us at editor@equitynewsfirst.com.

Released by the Equity News First Wire Service | News@EquityNewsFirst.com | (469) 252-3030.

WesternZagros Resources Ltd. (TSX VENTURE:WZR) (“WesternZagros” or the “Company”) is pleased to announce that it has entered into an investment agreement (the “Investment Agreement”) with Crest Energy International LLC (“Crest”). Under the Investment Agreement, Crest will purchase, through a non-brokered private placement, 51,000,000 Common Shares in the Company at $1.25 per share for gross proceeds of $63.75 million (the “Private Placement”). This price represents an approximate 25 percent premium to the March 8, 2013 closing share price of $1.00. Crest currently holds 9.9% of the issued and outstanding Common Shares and following completion of the Private Placement will hold approximately 19.8%.

In addition, WesternZagros and Crest have entered into a senior secured loan agreement (the “Loan Agreement”) pursuant to which Crest has agreed to loan to WesternZagros US$57.5 million (approx. $59.2 million) (the “Loan”). The Loan will accrue interest at the rate of 6 percent per annum and will be secured by 10 percent of the outstanding shares of WesternZagros’s operating subsidiary. The Loan, together with all accrued interest, is to be repaid in full on the last day of the 18th calendar month following the month in which funding of the Loan occurs, subject to certain prepayment terms, including but not limited to a partial repayment obligation in the event of a future equity offering by the Company or following the occurrence of an event of default.

The proceeds from the Private Placement and the Loan will be used for WesternZagros’s 2013 capital and operating program pursuant to which the Company will focus on the continued appraisal of the Kurdamir Oligocene discovery, exploration activities on the Garmian Block and continued appraisal of the existing Sarqala discovery.

Completion of the Private Placement and the Loan are subject to certain conditions. The Company expects the closing to occur on or before March 18, 2013. The Common Shares issued under the Investment Agreement will be subject to a hold period until the date which is four months from closing.

Pursuant to the Investment Agreement, Crest will continue to have certain rights to participate for its pro-rata share in future equity issuances by the Company. In addition, upon completion of the Private Placement, Crest will have the right to appoint an additional nominee to the Company’s Board of Directors. Eric Stoerr, an officer of Crest, has been a member of the Board since August 2012.

RBC Capital Markets acted as financial advisor to the Company on the Private Placement.

About WesternZagros Resources Ltd.

WesternZagros is an international natural resources company focused on acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq. WesternZagros, through its wholly-owned subsidiaries, holds a 40 percent working interest in two Production Sharing Contracts with the Kurdistan Regional Government in the Kurdistan Region of Iraq. WesternZagros’s shares trade in Canada on the TSX Venture Exchange under the symbol “WZR”.

About Crest Energy International LLC

Crest is an affiliate of Crest Investment Company, a Houston, Texas-based principal investment company specializing in energy investments, including projects in the Middle East. It is primarily involved in midstream oil and gas, but has substantial expertise in the high technology, manufacturing and real estate sectors.

This news release contains certain forward‐looking information relating, but not limited, to the closing of the private placement, funding of the loan and anticipated timing thereof. Forward-looking information typically contains statements with words such as “anticipate”, “plan”, “estimate”, “expect”, “potential”, “could”, or similar words suggesting future outcomes. The Company cautions readers not to place undue reliance on forward‐looking information as by its nature, it is based on current expectations regarding future events that involve a number of assumptions, inherent risks and uncertainties, which could cause actual results to differ materially from those anticipated by WesternZagros. In addition, the forward‐looking information is made as of the date hereof, and the Company assumes no obligation to update or revise such to reflect new events or circumstances, except as required by law.

Forward‐looking information is not based on historical facts but rather on management’s current expectations and assumptions regarding, among other things, timely receipt of all necessary stock exchange approvals, plans for and results of drilling activity and testing programs, future capital and other expenditures (including the amount, nature and sources of funding thereof), continued political stability, and timely receipt of any necessary government or regulatory approvals. Although the Company believes the expectations and assumptions reflected in such forward‐looking information are reasonable, they may prove to be incorrect. Forward‐looking information involves significant known and unknown risks and uncertainties. A number of factors could cause actual results to differ materially from those anticipated by WesternZagros including, but not limited to, risks associated with the oil and gas industry (e.g. operational risks in exploration; inherent uncertainties in interpreting geological data; changes in plans with respect to exploration or capital expenditures; interruptions in operations together with any associated insurance proceedings; the uncertainty of estimates and projections in relation to costs and expenses and health, safety and environmental risks), the risk of commodity price and foreign exchange rate fluctuations, the uncertainty associated with negotiating with foreign governments and risk associated with international activity. For further information on WesternZagros and the risks associated with its business, please see the Company’s Annual Information Form dated March 26, 2012, which is available on SEDAR at www.sedar.com.

News from StockGuruCanada.com

To Feature a Company on StockGuru Canada, contact:

John Pentony, Publisher
Email: John@StockGuruCanada.com
Tel: (469) 358-5200

Copyright © 2003-2013 Equity News First Newswire & Pentony Enterprises. To publish on the Equity First Newswire please visit http://equitynewsfirst.com/submit-a-release/ - The ENF Newswire is distributed to over 1000 networked site and is also picked up by various news and market data web sites beyond that network. Contact the ENF Newswire at: 469-358-5200 or contact us at editor@equitynewsfirst.com.

Released by the Equity News First Wire Service | News@EquityNewsFirst.com | (469) 252-3030.

Colt Resources Inc. (TSX-V: GTP)

This is a StockGuru Canada Trade Alert for Colt Resources trading as GTP on the Venture, COLTF on the OTC in the US and P01 on Frankfurt.

Yesterday Colt Resources Announced the execution of a binding letter of intent to purchase the property known as Passa Frio within the Company’s recently awarded Tabuaço experimental mining license

Colt Resources historically follows through on all of their MOU’s and LOI’s, and we fully expect this to be the case.

Additionally, we see the release dated Monday, March 4th as not fully understood in importance in the market. While Zacks Research has seen the value of what is included in the NI 43-101, most investors are very accustomed to seeing extraordinary claims of gold reserves in releases by other companies.

We urge our members and readers to view the press release issued by Colt Resources on March 4th and truly get an understanding here.

Like I mentioned, Zacks small cap research actually upped it target on colt resources on Tuesday. Today they issued another update after yesterday’s release. I will quote from their release. One thing to remember is that Zacks is independent. They are not compensated by Colt or anyone else for their research. This is how Zacks summed it up in their release today:

“We reaffirm our Outperform rating and recently raised price target of $2.15, which is based on an estimated share value of attributable resources indicated by Colt’s NI 43-101-compliant mineral resource estimates. We consider our valuation model to be conservative in that it also includes prospective developmental costs at Boa Fé and Tabuaço.”

Keep watching Colt Resources. Over time investors will come to understand the value here.

Colt Resources Inc. (TSX-V: GTP)

Colt Resources Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Colt Resources – (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to twenty thousand dollars for coverage. . In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

Colt Resources Inc. (TSX-V: GTP)

Colt Resources Inc. (“Colt” or the “Company”) (GTP.V) (P01.F) (COLTF) is pleased to announce the execution of a binding letter of intent (“LOI”) to purchase the property known as Passa Frio within the Company’s recently awarded Tabuaço experimental mining license that includes the Tabuaço (São Pedro das Águias) and Aveleira tungsten deposits in northern Portugal , for the purposes of planning the Company’s future mining operations. Passa Frio is mostly vacant land of approximately 1,000,000 m². The property was carefully selected after a thorough trade-off evaluation and review of several possible locations to establish the necessary surface mining infrastructure, namely the processing plant, dams, dumps and adjoining warehouses, and is zoned to permit such construction. The property is situated away from residential areas such that it is mostly unnoticeable from the surrounding roads and nearby villages.

Over the next months, the Company will survey the property in detail to verify legal title. The LOI locks up the property while the Company completes its survey. Following the survey, Colt has a three-year option to enter into a final purchase and sale agreement with the owners of Passa Frio. Colt will pay €100,000 for the three-year option and an additional €350,000 to purchase the property by the end of the third year should the Company decide to exercise the option to purchase Passa Frio.

About Colt Resources Inc.

Colt Resources Inc. is a is a Canadian mining exploration and development company engaged in acquiring, exploring, and developing mineral properties with an emphasis on gold and tungsten. It is currently focused on advanced stage exploration projects in Portugal , where it is one of the largest lease holders of mineral concessions.

The Company’s shares trade on the TSX‐V, symbol: GTP; the Frankfurt Stock Exchange, symbol: P01; and, the OTCQX, symbol: COLTF.

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news release may contain “forward-looking information”. Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of Colt Resources Inc. (the “Company”), or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Company’s annual information form available on SEDAR atwww.sedar.com and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Neither the 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.

Colt Resources Inc. (TSX-V: GTP)

Colt Resources Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Colt Resources – (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to twenty thousand dollars for coverage. . In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

This is good news for anyone holding Colt Resources (GTP.V).  Zacks Small Cap Research has updated their target on GTP, and based on Colt’s recently announced NI 43-101 Zacks has concluded their previous target of $1.70 needed to go up to $2.15. Remember – Zacks is NOT a “paid research firm.” This is a firm with independent analysts on staff that cover many companies, both on the US and Canadian markets.

Share prices for Colt Resources have recently been under $0.40, as with yesterday’s close of $0.38 on the Venture. If the stock were to move up from Tuesday’s close to $2.15, that would be 465% gain.  Zacks has published the $1.70 target since last Fall, and the share price did not move up on just that. What Zacks is pointing out is the fundamental strength of Colt Resources. That’s the key here when you look at the target. Read the releases, read the NI 43-101.  That’s where you get the full story on Colt Resources.

Here is the press release as issue by Zacks yesterday:

Zacks raises target on Colt Resources due to updated NI 43-101

By Zacks Small Cap Research | Zacks Small Cap Research – Tue, Mar 5, 2013 9:16 AM EST

By Steven Ralston, CFA

Yesterday, Colt Resources (GTP.V) announced the completion of an updated NI 43-101-compliant resource estimate for the Boa Fé and Montemor projects. The updated estimate includes increased gold resources at Chaminé and Casas Novas and initial mineral resource estimates for the Banhos, Braços, Ligeiro and Monfurado deposits. The increase in indicated and inferred resources is a direct result of management’s aggressive drilling campaign and the positive assay results previously announced by the company.

The contained gold of the indicated resources at Chaminé and Casas Novas increased 19.1% and 6.6%, respectively, for a total incremental increase of 23,800 ounces Au at these two deposits. However, more impressive was the indicated resource estimate of 95,800 ounces of contained gold at Banhos and the initial inferred resource estimate of 25,600 ounces at Monfurado. Management has often stated that Banhos was a priority target and that verification drilling was intended to confirm the historical trenching and drilling performed by Riofinex prior to 1993 and by Iberian Resources in 2007. Inputting the new resource estimate information into our valuation model, a new price target of $2.15 is indicated.

Management plans to continue drilling in order to better define and expand the resource through both infill drilling and deep drilling. In addition, geophysical test work will aid in identifying step-out targets adjacent to the known gold deposits. Also, work towards optimizing mining and processing operations is being accelerated, specifically through the completion of environmental impact studies, geotechnical/hydrological test work and metallurgical bulk sampling. Management expects that a feasibility study will be completed by the end of 2013 and that the project will advance to production by 2015. After having closely followed Colt Resources for over one year, it has become apparent that the company is one of the few micro caps in the mining industry to deliver consistently on management’s prospective timetable.

We reaffirm our Outperform rating and raise our price target to $2.15, which is based on an estimated share value of attributable resources indicated by Colt’s NI 43-101 compliant mineral resource estimates. We consider our valuation model to be conservative in that it also includes prospective developmental costs at Boa Fé and Tabuaço.

Please visit SCR.Zacks.com for additional information on our research and coverage universe, and Subscribe to receive our articles and reports emailed directly to you each morning.

Colt Resources Inc. (TSX-V: GTP)

Colt Resources Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Colt Resources – (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to twenty thousand dollars for coverage. . In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.