Exploration junior up 6% on resource estimate

Stockhouse Canadian Small and Micro-cap Stock Report for Monday, April 29, 2013 VANCOUVER (SHfn) –

Temex Resources Corp. (TSX: V.TME, Stock Forum) rose 6% to 18 cents on Monday after the exploration company announced an updated NI 43-101 resource estimate on the Juby gold project, located in northeastern Ontario in the Timmins-Kirkland Lake mining camps. The drill campaign focused on expanding the inferred resource, which increased by 140% to 2.2 million ounces of gold and the indicated resource increased by 11% to 1.04 million ounces of gold compared to the previous estimates.

Alterra Power Corp. (TSX: T.AXY, Stock Forum) was up 4.7% to 33.5 cents after the renewable energy company announced it had entered into a partnership, AG Solar One, which intends to develop 100 megawatts of solar generation capacity in Puerto Rico under a Master Renewable Power Purchase and Operating Agreement with the Puerto Rico Electric Power Authority. The partnership, which will be owned 50/50 by Greenbriar Capital Corp. (TSX: V.GRB, Stock Forum) and Alterra, acquired rights to the master agreement last week.

Petroamerica Oil Corp. (TSX: V.PTA, Stock Forum) climbed 3.6% to 28.5 cents as investors assessed the news that junior oil and gas company had released its year-end report. Highlights of the report included a generated revenue of over $42 million for the year, after royalties, leading to positive funds flow from operations of $15.6 million or $0.03 per share and an average daily production for the year of 1,392 barrels of oil of oil per day.

Graphite One Resources Inc. (TSX: V.GPH, Stock Forum) lost 9.5% to 19 cents after the mineral exploration company said that a first pass beneficiation test at Activation Laboratories Ltd., Thunder Bay, Ontario, demonstrated a leaching process capable of producing a high purity of 99.2% graphitic carbon from a rough concentrate. Metallurgical test work from Graphite Creek material is ongoing to develop a simple concentration and leaching process to produce an ultra-high purity (99.9%) graphite product.

Petrodorado Energy Ltd. (TSX: V.PDQ, Stock Forum) lost 23% to 11.5 cents after the oil and gas junior declared Loto-1X a discovery well, located in the Llanos Basin in Colombia. This second exploration well on the CPO-5 Block commenced on Jan. 22, 2013, and was drilled to a total measured depth of 10,500 feet. An oil rate of 1,500 barrels per day with an 80% water cut was achieved.