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High River Gold Mines Ltd.

11:57 AM EST - High River Gold Mines Ltd. : was informed that the Arbitration Court of the City of Moscow terminated the official bankruptcy proceedings for Prognoz Silver LLC in connection with the application of Prognoz Silver claiming that the criteria of bankruptcy are no longer in place. As previously disclosed, the application to put Prognoz Silver into bankruptcy was initially filed by Prognoz Silver itself. High River holds a 50% indirect interest in Prognoz Silver, which operates the Prognoz silver project in the Republic of Sakha (Yakutia), Russia. High River Gold Mines Ltd. shares T.HRG are trading up $0.01 at $1.44.