Small Cap Stocks - Canadian Small Cap Companies Press Releases and Stock Picks

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Oct. 31, 2008) - SNS Silver Corp. (”SNS”) (TSX VENTURE:SNS) announces that it has terminated the letter of intent (the “LOI”) with Andover Ventures Inc. (”Andover”) and will not be proceeding with the proposed plan of arrangement transaction with Andover.

SNS retains the $2.0 million loan to Andover, secured against all of Andover’s assets pursuant to a general security agreement. In particular, pursuant to the loan terms, Andover has specifically pledged-and SNS has taken possession of-all of the shares of Andover’s Alaskan subsidiary which holds the Sun property. The loan matures on March 22, 2009.

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Oct. 31, 2008) - Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE-A:QMM) -

At the 2008 Annual General Meeting, Shareholders adopted a Rights Plan. The purpose of the Rights Plan is to ensure, to the extent possible, that all Shareholders are treated equally and fairly in connection with any take-over bid or similar proposal to acquire common shares of the Corporation.

Take-over bids may be structured in such a way as to be coercive or discriminatory in effect, or may be initiated at a time when it will be difficult for the board of directors of the Corporation to prepare an adequate response. Such offers may result in shareholders receiving unequal or unfair treatment, or not realizing the full or maximum value of their investment in the Corporation.

CALGARY, ALBERTA–(Marketwire - Oct. 31, 2008) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Second Wave Petroleum Inc. (”Second Wave” or the “Company”) (TSX VENTURE:SCS) announces that, effective immediately, any purchases of Second Wave common shares that the Company makes under its previously announced normal course issuer bid will be made through CIBC World Markets Inc. Second Wave understands that Evergreen Capital Partners Inc., which had previously been appointed to act as the Company’s broker under the bid, has ceased operations.

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Oct. 31, 2008) - Bluerock Resources Ltd. (”the Company”) (TSX VENTURE:BRD) announces it has received payments totalling US $78,000 for shipments of ore from the J-Bird Uranium Mine. The previously announced suspension of US operations will continue while the Company works to recapitalize operations to allow for continued development and production at its US Uranium Mining Operations.

The Company has also renegotiated the terms of the final purchase of the J-Bird Uranium Mine with the vendors. In order for Bluerock to complete the acquisition of 100% of the J-Bird Uranium Mine the Company will pay US$57,000 on October 31, 2008 followed by the balance of US$100,000 on January 30, 2009. In addition, the Company will be required to utilize the vendors drilling company to fulfill a US$200,000 drilling contract by August 31, 2009 or alternatively pay US$100,000 to the vendors by August 31, 2009.

EDMONTON, ALBERTA–(Marketwire - Oct. 31, 2008) - Liberty Mines Inc. (TSX:LBE) (”Liberty or the Corporation”) announces that in the wake of the recent downturn in commodities prices and the general economic slow-down, management has determined that it is initiating a care and maintenance program at its Redstone and McWatters mines and the Redstone nickel concentrator effective immediately.

As announced on October 27, 2008, due to the failure of the financing announced on September 29, 2008, Liberty will be seeking near-term financing in order to fund its intended restructuring and interim operations. It will also seek out partners with which to complete a business combination such as an amalgamation, arrangement, take-over bid or other combination for the purposes of financing its growth and operations.

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Oct. 31, 2008) - ALDA Pharmaceuticals Corp. (TSX VENTURE:APH)(”ALDA”) announces that it has granted incentive stock options to certain directors, senior officers, employees and consultants to purchase an aggregate of 550,000 common shares at an exercise price of $0.20 and a term of five years, expiring on October 31, 2013. The options and shares issuable upon exercise, if any, will be subject to a four-month hold period from the date of grant in accordance with TSX Venture Exchange policy. The grant was pursuant to the Company’s Rolling Stock Option Plan, which was re-affirmed by the shareholders of the Company on December 14, 2007 and subsequently accepted by the Exchange. The total number of options outstanding after this grant will be 4,970,000.

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Oct. 31, 2008) - Augusta Resource Corporation (TSX:AZC)(NYSE-A:AZC)(FRANKFURT:A5R) (”Augusta” or the “Company”) announced today that it has signed a letter of intent with Silver Wheaton Corp. (”Silver Wheaton”) (TSX:SLW)(NYSE:SLW) dated October 31, 2008 regarding a new silver purchase agreement. The new letter supercedes the December 19, 2007 letter of intent between Silver Wheaton and Augusta. An update of Augusta’s August 2007 bankable feasibility study, reflecting an increased mineral resource, is expected to be completed by the end of December 2008, following which Silver Wheaton and Augusta intend to discuss an efficient structure for a transaction between them. Both companies consider that it is in their best interests to negotiate and complete the new transaction based on a percentage of silver to be determined once the updated study has been completed.

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Oct. 31, 2008) - Silver Wheaton Corp. (TSX:SLW)(NYSE:SLW) announced today that it has signed a letter of intent with Augusta Resource Corporation (TSX:AZC)(NYSE-A:AZC) dated October 31, 2008 regarding a new silver purchase agreement. The new letter supercedes the December 19, 2007 letter of intent between Silver Wheaton and Augusta. An update of Augusta’s August 2007 bankable feasibility study, reflecting an increased mineral resource, is expected to be completed by the end of December 2008, following which Silver Wheaton and Augusta intend to discuss an efficient structure for a transaction between them. Both companies consider that it is in their best interests to negotiate and complete the new transaction based on a percentage of silver to be determined once the updated study has been completed.

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Oct. 31, 2008) - Metropolitan Mining Inc. (”Metropolitan” or the “Company”) (TSX VENTURE:MNZ) announces that it has taken steps to finalize its Phase I exploration program (the “Exploration Program”) on its Fruso Property, Salta, NW Argentina (the “Fruso Property”), in the Puna. Metropolitan has the right to earn up to a 60% interest in the Fruso Property from Argentine Frontier Resources Inc. (”AFRI”), Vancouver, B.C., and Salta Exploraciones S.A. (”SESA”), Salta, Argentina, pursuant to an option agreement dated January 31, 2008 (the “Option Agreement”).

CALGARY, ALBERTA–(Marketwire - Oct. 31, 2008) - Midnight Oil Exploration Ltd. (TSX:MOX) -

Midnight Oil Exploration Ltd. is pleased to announce it has closed the previously announced sale of its non core assets in the West Central area of Alberta to Daylight Resources Trust (”Daylight”) effective October 1, 2008 in exchange for $2.0 million cash and 3.75 million units of Daylight Resources Trust (TSX:DAY.UN). In addition, Midnight is pleased to announce that it has executed the previously announced farmout and participation agreements relating to a portion of its winter program with Daylight Resources Trust.

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Oct. 31, 2008) - Pacific Copper Corp. (the “Company”) (OTCBB:PPFP) announced today that it has received a cease trade order (a “CTO”) from the British Columbia Securities Commission (the “BCSC”), the effect of which is limited to the Province of British Columbia, Canada.

The CTO states that it was issued for not filing a technical report under Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (”NI 43-101″) with respect to the Company’s material copper oxide projects in Chile after the Company made public disclosures regarding such properties. The Company is now seeking legal advice in connection with this matter and expects to be in communication with the BCSC promptly in order to clarify the BCSC’s position and determine how the Company will be able to come into compliance with the requirements of the BCSC.