Gold American Mining Corp. is a publicly traded gold exploration company focused on competitive, ongoing acquisition and discovery of holdings with a potential of producing rich precious metals. The corporation looks for an expansion in regions with firm political affairs, sound economy and an affable business atmosphere.

2010 so far has been a good year for SILA. The company was successfully in raising $500,000 in equity funds in the first six months without an increase in the debt equity ratio. The equity funds generated is expected to be utilized for meeting the exploration targets of the financial year 2010 and to take advantage of the commodity markets.

Not only has the company been fortunate to realize that one of its properties, located in Mexico and known as the Guadalupe Property, may have even more precious metals production potential than originally anticipated, but investors and market analysts are also taking notice of the potential success of this company. In fact, only this week Emerging Stock Report announced that SILA would be covered as an emerging growth company for potential investors. The Company was also able to call upon $300,000 of a $7.5 million equity financing agreement from a European institutional investor this week, leaving $7.2 million still available for SILA to continue its aggressive campaign to acquire and explore properties rich with gold and silver.

Silvercorp Metals Inc. (NYSE:SVM), has today filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Canada, except Quebec. These filings, when made final, will allow the Company to make offerings of debt securities (“Debt Securities”), common shares (“Common Shares”), warrants to purchase Common Shares and warrants to purchase Debt Securities (the “Warrants”), or subscription receipts which entitle the holder to receive upon satisfaction of certain release conditions, and for no additional consideration, Common Shares, Warrants or Debt Securities of the Company or any combination thereof (“Subscription Receipts”), (all of the foregoing, collectively, the “Securities”) or any combination thereof up to an aggregate initial offering price of US$120,000,000 during the 25-month period that the final short form base shelf prospectus, including any amendments thereto, remains effective. Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement and, subject to applicable regulations, may include ‘at-the-market’ transactions, private placements, public offerings or strategic investments.

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