PennyGovernance.com Gold Report on ORFG.PK, AEM, IAG

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 14, 2010 --









Orofino Gold Corp. (Pinksheets: ORFG.PK) is a US (Nevada) company established for the purpose of creating a significant exploration and Mining group operating in Colombia, an area with known mining reserves.

Colombia's economy had suffered from weak domestic and foreign demand, austere government budgets, and serious internal armed conflict, but now that this appears to be a part of its past Columbia seems poised for a real recovery. When President Uribe was first elected he faced a series of economic problems which ranged from reforming the pension system to reducing high unemployment.

Two of Colombia's leading exports, oil and coffee, faced an uncertain future; new exploration was needed to offset declining oil production, while coffee harvests and prices were depressed. On the positive side, several international financial institutions have praised the economic reforms introduced by Uribe, which includes measures designed to reduce the public-sector deficit below 2.5% of GDP. The government's economic policy and democratic security strategy have engendered a growing sense of confidence in the economy, particularly within the business sector, and GDP growth in 2003 was among the highest in Latin America.

Agnico-Eagle Mines Limited (NYSE: AEM) and Meliadine Holdings Inc. (formerly Comaplex Minerals Corp.) ("Meliadine") jointly announce the completion of the acquisition of Meliadine by Agnico-Eagle. Agnico-Eagle acquired all of the shares of Meliadine (the " Meliadine Shares") that it did not already own pursuant to a plan of arrangement under the Business Corporations Act (Alberta). The transaction was overwhelmingly approved by 99.74% of the Meliadine shareholders who voted today in respect of the arrangement, which was subsequently approved by the Court of Queen's Bench of Alberta.

Agnico-Eagle is a long established Canadian gold producer with operations located in Canada, Finland and Mexico and exploration and development activities in Canada, Finland, Mexico and the United States. Agnico-Eagle's LaRonde Mine is Canada's largest operating gold mine in terms of reserves. Agnico-Eagle has full exposure to higher gold prices consistent with its policy of no forward gold sales. It has paid a cash dividend for 28 consecutive years.

IAMGOLD Corporation (NYSE:IAG) will release its second quarter 2010 financial results before the market opens Wednesday, August 11th, 2010.

A conference call will be held on Wednesday, August 11th, 2010 at 11:00 a.m. (Eastern Time) for a discussion with management regarding the Company's operating performance and financial results for the second quarter. A webcast of the conference call will be available through the Company's website - www.iamgold.com.





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