Golden Valley Mines Ltd. (TSX VENTURE: GZZ) offers the following updates:

Beartooth Island Prospect (Athabaska Basin, Saskatchewan): An airborne geophysical survey has been completed and interpretation is underway. The MEGATEM® II system appears to have outlined several north-south trending lineaments in the western portion of the property and northeast trending lineaments in the eastern part of the property all thought to potentially represent fault zones. In the east portion of the property, these are considered of interest due to their proximity to the Black Bay fault zone which is associated with uranium mineralization closer to the Uranium City and Beaverlodge areas to the northeast. Note that the Beartooth Island Prospect is located approximately 10-km SE of the Maurice Bay deposit (Cameco). The terms of the Option/Joint Venture Agreement with D...

Golden Valley Mines Ltd. (TSX VENTURE: GZZ) announces the start of drilling at the Riverside prospect and the vending of the Arbade-Richore prospect to Quinsam Capital Corporation (TSX VENTURE: QCA.P) Details follow below.

Diamond Drill Program in Progress

Diamond drilling has commenced at the Riverside prospect near Cadillac, Quebec (gold & base metal target: map #80). The property is located immediately south of the Queenston-Globex JV high-grade gold "Wood-Pandora" discovery where recent results include a drill hole intersection of 45.8 metres (150.3 feet) grading 22.6 g/t gold (0.66 oz/t) at a vertical depth of 135 metres. Drilling is continuing on the adjacent Wood-Pandora project. Further to the east and along stri...

New media is changing the way we communicate, yet Inland Empire marketers have not kept pace with new technologies when it comes to incorporating blogs and social networking into their marketing efforts, according to the 2007 Inland Empire Marketing Best Practices study conducted by Wilkin Guge Marketing with support from The Business Press and The Press-Enterprise.

Although widespread adoption of new media has not been integrated, respondents do recognize its future importance. Over 75% of the region's marketers view the Internet as a tactical or strategic tool to achieve marketing goals but rarely utilize social networks or find blogging to be an effective marketing tool.

"Integrating new media with traditional media can be challenging. It is no longer a one-way communication channel," said Greg Timpany, research director of Wilkin Guge Marketing. "I am anxious for next year's study to see if there is an increase in the percentage of local marketers that have integrated socia...

Embargoed for Release Wednesday, July 12, 2006 12:01 A.M. (PDT); Please Call for Interviews or to RSVP -- Southern California's economy will turn in a solid performance in 2006, despite the leveling off in the housing market. Growth in 2007 will be slightly slower, reflecting higher interest rates and energy costs, according to the Los Angeles County Economic Development Corporation's "Mid-year Update: 2006-2007 Economic Forecast & Industry Outlook for Southern California." The July 12th Economic Forecast will be moderated by Paul Magers, one of the lead anchors for CBS 2 News.

"While the public has been grumpy about the performance of the economy, 2006 will be a very decent year for Southern California," said Jack Kyser, the Corporation's Chief Economist. "Call it the 'quiet boom.' We will see record levels of activity in international trade and in tourism. In the meantime, there is a large array of major developments underway around the 6-county region ranging from transpo...

For the sixth straight week gasoline prices trickled lower across the Southland, according to the Automobile Club of Southern California's Weekend Gas Watch.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.215, which is 5.2 cents lower than last week, 17 cents lower than last month and 82 cents higher than last year. In San Diego, the price is $3.220, 5.6 cents below last week's price, 21 cents below last month and 81 cents above last year. On the Central Coast, the average price is $3.390, down 3.3 cents from last week, nine cents below last month and 89 cents higher than last year. In the Inland Empire, the average price is $3.235, down 5.8 cents from last week, 19 cents below last month and 85 cents higher than last year.

"This week, the Energy Department reports healthy increases in gasoline inventory, but demand for gas is one percent higher than the same period last year," said Auto Club spokesperson Carol Thorp. "There is such a ...