NiMin’s CEO and Chairman, Mr. Clancy Cottman, said, “The Company and Board would like to thank Sven for his contributions over the years and we wish him well in his future endeavors.  Together, we created a unique oil focused company with a great portfolio of producing assets and industry leading intellectual property.  Through our strategic review process, we are committed to exploring all alternatives that will allow us to maximize value for shareholders.”

As announced on November 21, 2011, the Company has engaged in a broad review of strategic alternatives aimed at maximizing shareholder value.  To assist in the review process, NiMin has engaged Macquarie Capital as its financial advisor.  NiMin expects to consider and evaluate several alternatives, including strategic financing opportunities, asset divestitures, technology licensing agreements, joint ventures and/or a corporate sale, merger or other business combination.

About NiMin Energy

NiMin is a California based independent oil and gas exploration and production company with principal operations in the Bighorn Basin of Wyoming, the San Joaquin Basin in California and South Louisiana onshore areas of the U.S.

Cautionary Statements

This news release contains forward-looking statements and information ("forward-looking statements") within the meaning of applicable securities laws.  Although NiMin believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based upon currently available information to NiMin. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in forward-looking statements. Risks include, but are not limited to: the risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in more detail in our Annual Information Form and other documents available at www.sedar.com and www.sec.gov. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release, and, except as required by applicable law, NiMin does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. NiMin undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the NiMin, Legacy or their respective financial or operating results or, as applicable, their securities.

CONTACTS:         

Investors

Jonathan Wimbish, CFA

NiMin Energy Corp.

Chief Financial Officer

+1 (805) 566-2900

jwimbish@niminenergy.com

Media

Dan Gagnier/Jared Levy

Sard Verbinnen & Co

+1 (212) 687-8080

NEWS RELEASE

SUNWARD announces highest-grade substantial gold intercept on titiribi property; discovery of major New High-grade zone

Step-out CV058 intercepts 38.1 metres with a weighted average grade of 3.02 gm per tonne gold and 0.5% copper, substantially higher than previously tested in drill holes in the zone

The higher-grade zone is located near surface and has been traced over a length of approximately 100 metres and remains open to the northeast and southwest

and

CV054 encounters significant zone of higher-grade gold and copper mineralization within a new area of the Cerro Vetas mineralized body

January 26, 2012                                                                              

Vancouver, British Columbia:  Sunward Resources Ltd. (the “Company”) (TSX-V: SWD; OTCQX:  SNWRF) announces results of the recent drilling in the Cerro Vetas zone at the 100%-owned Titiribi project located approximately 70 kilometres southwest of the city of Medellin, Colombia.  Of particular importance is drill hole CV058 which yielded the highest-grade substantial gold intercept encountered at Titiribi to-date.

Drill hole CV058 was collared on the southeast sector of the Cerro Vetas zone, drilling northwest on an azimuth of 322 degrees in order to test the extension of a zone of recently-discovered higher-grade gold and copper mineralization located on the south margin of Cerro Vetas. In addition to encountering this higher-grade mineralization, CV058 intercepted gold grades substantially higher than those tested in previous drill holes on this zone. Significantly, mineralized intercepts from drill hole CV058 include 38.1 metres with a weighted average grade of 3.02 grams/tonne gold and 0.50% copper, from 77.4 to 115.5 metres downhole depth. This intercept is surrounded by a broader mineralized zone comprising 73.6 metres with a weighted average grade of 2.03 grams/tonne gold and 0.36% copper, from 62.4 to 136.0 metres downhole depth. Importantly, these mineralized zones are located near surface, at approximately 50 to 100 metres vertical depth.

Drill hole CV058 was completed as a step-out hole approximately 50 metres northeast of previously-announced drill hole CV046 (22.5 metres grading 2.110 grams/tonne gold and 0.340% copper), and approximately 100 metres northeast of previously-announced drill hole CV053 (30.0 metres grading 2.394 grams/tonne gold and 0.382% copper) (see Sunward news release dated November 10, 2011 for details on both drill holes CV046 and CV053). The higher-grade zone has now been traced over a length of approximately 100 metres and remains open to the northeast and southwest, with the grade and apparent thickness increasing toward the northeast where CV058 is located.

Discovery of New, Higher-Grade Zone in West-Central Cerro Vetas Zone

In addition to the results above, the Company also announces that recently-completed drill hole CV054 has encountered a significant zone of higher-grade gold and copper mineralization, grading in excess of 2 grams/tonne gold, within a new area of the Cerro Vetas mineralized body; the west-central sector.

Mineralization in drill hole CV054 is markedly different from the above-reported holes. Whereas mineralization in drill holes CV046, CV053 and CV058 occurs at shallow levels (approximately 50 to 100 metres below surface) on the southeast margin of the Cerro Vetas zone, the higher-grade mineralization in drill hole CV054 occurs within the west-central section of the Cerro Vetas body, at a vertical depth of approximately 500 metres. The mineralized intercept in CV054 is otherwise similar in width and grade, comprising 31.0 metres with a weighted average grade of 2.15 grams/tonne gold and 0.64% copper. This zone lies within a larger intercept of 185.1 metres grading 0.90 grams/tonne gold and 0.29% copper.

The discovery of this substantial width of higher-grade mineralization at depth is particularly significant, suggesting the possibility that the higher-grade zone may extend over a significant distance down-dip toward the northwest within the core of the overall Cerro Vetas mineralized body. The Company's modeling suggests there exists at least 550 metres of potential down-dip extension connecting the shallow mineralization in drill holes CV046, CV053 and CV058 with the deeper mineralization in drill hole CV054. In light of these results, the Company is now testing the continuity of mineralization between these drill holes by drilling down-dip, in a sector of the Cerro Vetas zone that has been largely uninvestigated by drilling to date. Eleven (11) drill rigs are currently on site at Titiribi.

"The discovery and continuing delineation of this enriched zone of Cerro Vetas is a new and important development for the Titiribi project," said Colin Andrew, Sunward's Chief Executive Officer. "The increase in grade and near-surface expression represented by the mineralization here has the potential to result in an increased mineral endowment, higher grades and improved project economics."

A complete table of intercepts for recent drilling at Cerro Vetas is included below. A map of these drill hole locations can be found at www.sunwardresources.com.

Colin J. Andrew, CEng MIMMM, FGS is a qualified person under National Instrument 43-101, and has reviewed and is responsible for the contents of this news release.

About The Company:

Sunward Resources is a well-capitalized, Canadian based company focused on the exploration of gold/copper porphyry projects in Colombia.  The Company has strong operational expertise in Colombia and is currently drilling its Titiribi Project southwest of Medellin with a goal of increasing the NI 43-101 Indicated and Inferred resources.

About the Titiribi Project:

Sunward Resources’ Titiribi project hosts an NI 43-101-compliant Indicated Mineral Resource of 2.2 million ounces of gold within 142.94 million tonnes grading 0.480 grams/tonne gold and 0.148% copper and an Inferred Mineral Resource of 6.08 million ounces of gold within 372.7 million tonnes grading 0.507 grams/tonne gold and 0.078% copper, both assessed using a 0.3 grams/tonne gold cut-off.  Based on the above, Titiribi also hosts 465.9 million pounds of copper in the Indicated Resource and 645.7 million pounds of copper in the Inferred Resource.  Titiribi thus contains 3.50 million ounces of gold equivalent in the Indicated Resource category and a further 7.90 million ounces of gold equivalent in the Inferred Resource category, calculated on the basis of a gold price of $1,114 per ounce and a copper price of $3.07 per pound (See Report dated September 2011 available at www.sunwardresources.com and on SEDAR.)

The Titiribi project is located approximately 70 kilometres southwest of the city of Medellin, Colombia, in Antioquia department, within the historical Titiribi mining district (estimated total production of 1.5 to 2 million ounces gold equivalent). Access is by paved highway from Medellin.

Mineralization at Titiribi is hosted within a number of porphyry stocks and porphyritic dikes and sills. The dominant mineral associated with mineralization is chalcopyrite, which occurs as disseminations and in veinlets. Plagioclase and secondary biotite are also significant within the mineralized assemblage. Mineralization appears to be related to extensive potassic alteration, with propylitic and argillic alteration also widespread, along with lesser phyllic alteration.

Over 68,000 metres of drilling has been completed at Titiribi to date, including approximately 14,600 metres completed historically by previous operators, including Gold Fields and Windy Knob Resources, along with over 50,000 metres completed by Sunward Resources Limited.  Eleven drill rigs are currently on site and are now focused on resource definition and expansion drilling at the Cerro Vetas and Chisperos zones. 

Sample Preparation    Assays QA/QC:                                                                                 

Drill core was logged, cut and sampled by Sunward personnel at the Company's facilities in Colombia. In the case of the drilling results referred to herein the samples were prepared at Inspectorate America's sample preparation facility in Medellin, Colombia and then analyzed at Inspectorate America's ISO 9001:2000 accredited laboratory in Reno, Nevada, USA, a facility that follows internationally accepted methods and procedures and has stringent quality control and assurance practices.

At the sample preparation facility in Medellin the samples were crushed to >80% passing -10 mesh using a terminator jaw crusher; split to 250 grams; pulverized using a LM2 ring pulverizer to over 90% passing -150 mesh; split into 125 grams aliquots which were then sent to Inspectorate America's laboratory in Reno for assay. Gold was analyzed by fire assay with Inductive Coupled Plasma (ICP) finish with a lower detection limit of 2 ppb. Samples above 5 grams per tonne were assayed by fire assay with gravimetric finish. In addition to gold a suite of 30 other elements including silver and copper were assayed by ICP-AES following an aqua regia digest.  Blanks, field and laboratory duplicates duplicate samples and a number of internationally approved and registered analytical standard samples were routinely randomly inserted into the preparation and analysis process as part of Sunward's normal quality assurance and quality control program.  Any analytical batch of assays wherein inserted standards assayed without the acceptable limits are rejected.

SUNWARD RESOURCES LTD.

Corporate Contact:

Brenda Dayton                                                                                   

(604) 568-7617                                                                      

brenda@sunwardresources.com                                                           

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the future financial or operating performance of Sunward Resources Ltd. and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Sunward Resources Ltd. to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Sunward Resources Ltd. disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Neither 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.

As drilling progresses north, significant REE mineralization continues to be intersected at surface down to considerable depths. 

Highlights are as follows:

·         Drill Hole EC11-084:    325.31 m of 1.96% Total Rare Earth Oxides (TREO)

o       Including 52.25 m of 2.26% TREO

·         Drill Hole EC11-085:    144.52 m of 1.94% TREO

o       Including 90.38 m of 2.21% TREO

·         Drill Hole EC11-083:    88.68 m of 2.14% TREO

·         Drill Hole EC11-086:    80.56 m of 2.14% TREO

Middle and Heavy Rare Earth Element Enrichment

The Middle and Heavy Rare Earth Oxide (“MHREO”) zone at Ashram has expanded significantly with the results from the 2011 summer/fall drill program and now has a surface footprint of approximately 175 m along strike, 200 m in width, and to a depth of 175 m, with considerable room for expansion remaining.

Middle and heavy rare earth enrichment remains consistent throughout the deposit with the main enriched zone still present in EC11-083, 084, and 085 as small zones averaging ~10% MHREO grading in and out down hole.  Peak values greater than 20% MHREO continue to be returned including one sample with 410 ppm dysprosium and 201 ppm europium at a TREO of 1.86%.  

Complete results are as follows:

* All samples were analyzed by Activation Laboratories of Ancaster, ON using its method eight -- major oxide, rare earths and trace element package by fusion ICP and ICP/MS in addition to fluorine by method 4F-F. The four most abundant REEs that make up the TREO reported above are cerium, lanthanum / neodymium and praseodymium.

* Drill holes EC11-083, 084, 085, and 086 are NQ in size.  The true width of drill intersections is not confirmed.  Strikes and dips are idealized as spotted.

Drill holes EC11-083 and 085 targeted the north-western contact of the deposit while EC11-084 was collared vertically near its north end.  All three holes focused on infilling for increased confidence in support of updating current inferred status resources to indicated status. 

EC11-086 was collared off a small peninsula on the eastern side of Centre Pond, attempting to cross-cut the centre of the deposit. This hole intersected ~50 m of what is interpreted to be the north end of a poorly mineralized breccia unit diluting the grade of an otherwise well mineralized 389 m intercept.   

Drill holes EC11-083, 084, and 085 all collared in mineralization while EC11-086 collared in a heterogeneous mix of calico carbonatite, dolomite carbonatite, and glimmerite, while ending in mineralization.

A map showing the drill hole locations and detailed analytical results will be posted on the Company's website at:  http://www.commerceresources.com/s/Eldor.asp

Updated Mineral Resource Estimate

Exploration in 2011 included 9,012 m of BTW and NQ diameter diamond drilling in 26 holes for the purposes of expanding the mineralized area and infilling the geological and structural information within the Ashram Deposit.  To date, analytical results for 24 drill holes from Ashram have now been released.  The remaining two holes are being held for advanced metallurgical studies. 

An updated block model and resource estimate with accompanying technical report under the supervision of SGS Geostat is currently underway using mapping and drill data from the 2011 winter and summer/fall campaigns.  The initial, and current, resource includes only 12 holes (3,313 m) completed in 2010, leaving 33 holes (12,379 m) yet to be incorporated into the model.

Other Work Completed and Ongoing in 2012

In addition to the drilling at the Ashram Deposit, the Company completed 7 holes (1,108 m) at regional targets.  Analytical results from these holes remain pending.  

Data compilation of regional results is underway as well as, metallurgical, mineralogical, and environmental studies on the Ashram Deposit in preparation for a Preliminary Economic Assessment by SGS Geostat.

NI 43-101 Disclosure

The technical information in this news release has been reviewed and approved by Darren L. Smith, M.Sc., P.Geol., who is a Qualified Person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Middle and Heavy Rare Earth Oxides ("MHREO") is defined as the sum of the middle rare earth oxides (Sm₂O₃, Eu₂O₃, Gd₂O₃) and the heavy rare earth oxides (Tb₂O₃, Dy₂O₃, Ho₂O₃, Er₂O₃, Tm₂O₃, Yb₂O₃, Lu₂O₃) plus Y₂O₃ expressed as a percent out of the TREO content.

Total Rare Earth Oxides ("TREO") include: La₂O₃, Ce₂O₃, Pr₂O₃, Nd₂O₃, Sm₂O₃, Eu₂O₃, Gd₂O₃, Tb₂O₃, Dy₂O₃, Ho₂O₃, Er₂O₃, Tm₂O₃, Yb₂O₃, Lu₂O₃, and Y₂O₃.

About Commerce Resources Corp.

Commerce Resources Corp. is focused on building shareholder value through the discovery and development of Canadian rare metal and rare earth element deposits. Commerce’s principal assets are its Blue River Tantalum-Niobium Project in British Columbia and its Eldor Rare Earth Project in Quebec.  The Company trades on the TSX Venture Exchange under the symbol “CCE”, the Frankfurt Stock Exchange under the symbol “D7H” and the U.S. OTCQX under the symbol “CMRZF.”

For more information on Commerce Resources Corp. visit the corporate website at http://www.commerceresources.com  or contact investor relations at 1.866.484.2700 or info@commerceresources.com.

On Behalf of the Board of Directors

COMMERCE RESOURCES CORP.

“David Hodge”

David Hodge
President and Director
Tel:  604.484.2700

Email: dhodge@commerceresources.com

Neither 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.

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include that analytical results from the remaining holes from the summer/fall drill program at Eldor will be reported in batches as they are received.

It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices for rare earth elements may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.

Readers should refer to the risk disclosures outlined in the Company's Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission.

Montreal January 27, 2012, ICBS Ltd., (OTCPK: ICBT),)   announced that ICBS and partner Canwealth Minerals Corporation is expected to open talks with a Canadian based mining company for  possible project develop of the Canwealth mining claims in Northern Quebec. A deal could bring investment to develop the claims. All information regarding the possible project is confidential.

“Should these talks prove successful, it could see Canwealth’s development projects accelerated.” Said ICBS’s President Garth McIntosh

Canwealth Minerals Corporation holds 7 Mining properties (248 Claim cells) in North Central Quebec's Abitibi region and South Western Quebec for a total of 35,850 acres under management and is 100% owned by Canwealth Minerals Corp. Talks are expected begin in the new year and are expected to center around two of the most promising claims, Shadow Mountain and Golden Ridge. The development of these two sites would either by joint venture or outright purchase rights to the mines.

SOURCE:  Canwealth Minerals Corporation ,ICBS Limited.

CONTACT: Garth McIntosh, President & CEO

www.icbs.ca

www.canwealthminerals.com

Legal Notice Regarding Forward-Looking Statements:

Safe Harbour: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbour created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of ICBS Limited, to be materially different from the statements made herein.

NEW YORK – January 27, 2012 – OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Callinex Mines Inc. (OTCQX: CLLXF; TSX.V: CNX), an exploration and development company, is now trading on the highest tier of the OTC market, OTCQX^®.

Callinex Mines began trading today on the OTC market’s prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

“OTCQX companies demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome Callinex to OTCQX.”

Berenbaum Weinshienk PC will serve as Callinex Mines’ Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.

About Callinex Mines Inc.

Callinex Mines Inc. (OTCQX: CLLXF; TSX.V: CNX) trades in the United States on OTCQX under the symbol “CLLXF”, and in Canada on the TSX Venture under the symbol “CNX”. The company consists of the former exploration division of what is now Callinan Royalties. The company is dedicated to the exploration and development of mineral properties in Canada.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link^™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the intelligent marketplace), OTCQB^® (the venture marketplace), and OTC Pink^™ (the open marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

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Media Contact:

Grace Keith, OTC Markets Group Inc., +1 (212) 896-4428, grace@otcmarkets.com