Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s October 29th 2010, and we’ve found 4 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.

Metalico Reports Operating income increased 25% to $9.6 million in Q310

Metalico, Inc. (NYSE Amex: MEA) today reported net income for the quarter ending September 30, 2010, of $4.5 million and earnings of $0.10 per diluted share on sales of $137 million, an increase of $45.5 million, or 50%, over same-quarter 2009 results. Operating income for the third quarter was $9.6 million, compared to $7.7 million in the prior-year. EBITDA (as defined below) increased by 22% to $13.8 million from $11.3 million for the same quarter in 2009.

Third Quarter Highlights

Year-over-year comparison to the third quarter of 2009 reflects continued improvement of operating performance:

• Sales increased 50% to $137 million, an increase of $45.5 million over $91.5 million.
• EBITDA rose 22% to $13.8 million compared to $11.3 million.
• Operating income increased 25% to $9.6 million, compared to operating income of $7.7 million.
• Net income was $4.5 million or $0.10 per diluted share, compared to adjusted net income of $2.7 million, or $0.08 per diluted share.The prior year's reported net income of $5.1 million, or $.12 per share, benefitted from one-time gains (net of income taxes) and fair value adjustments totaling $2.4 million or $.04 per share compared to a benefit of $168,000 for similar items in the current quarter.
• Unit volumes shipped increased 14% for ferrous scrap and 34% for non-ferrous scrap.
• Platinum Group Metal ("PGM") unit volumes shipped increased 32%.
• Lead product shipments decreased by 15%; however operating income increased by 57%.

About Metalico

Metalico, Inc. is a holding company with operations in two principal business segments: ferrous and non-ferrous scrap metal recycling, and fabrication of lead-based products. The Company operates twenty-four recycling facilities in New York, Pennsylvania, Ohio, West Virginia, New Jersey, Texas, and Mississippi and four lead fabricating plants in Alabama, Illinois, and California.

Last Trade: 4.6752 Week: 7.09 – 3.07Market Cap: 216.92 Million

VMS Reports 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres from In-Fill Diamond Drillholes Three and Four at the Reed Lake Joint Venture Property

VMS Ventures Inc. (TSX VENTURE:VMS) announce the latest drill and assay results from holes RDL003 and RDL004 of the in-fill drill program at the Reed Lake Deposit, near Snow Lake, Manitoba.

* Hole RLD003 - 6.69% Copper over 71.69m

* Hole RLD004 - 3.74% Copper over 21.77m

The program is the first phase of drilling at the Reed Lake project under a joint venture formed between VMS Ventures and HudBay Minerals Inc. (TSX:HBM) (NYSE:HBM) HudBay holds a 70% joint venture interest in the project and VMS holds 30%. The Reed Lake deposit is a base metal, massive sulphide-type deposit located approximately 100 kilometers from HudBay concentrator in Flin Flon, Manitoba, Canada. The program is proceeding on schedule with 14 holes now completed.

About VMS Ventures Inc

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba.

Last: 0.49 Range: 0.49-0.20 Market Cap: 55.94 Million

Peregrine Diamonds Ltd.: 1.15 Carat Diamond Recovered from 840 Kilogram Microdiamond Sample Collected from Five Hectare CH-31 Kimberlite

Peregrine Diamonds Ltd. (TSX:PGD)

report the recovery of a 1.15 carat diamond from an 840 kilogram microdiamond sample collected from the estimated five hectare CH-31 kimberlite on the 9,800 square kilometre Chidliak project ("Chidliak" or "the Project"). Chidliak is located on south Baffin Island, approximately 120 kilometres from Iqaluit, the capital of Nunavut, Canada.

The 840 kilogram sample yielded a total of 233 diamonds larger than the 0.106 mm sieve size, including five diamonds larger than the 0.850 mm sieve size which weigh a total of 1.39 carats. The CH-31 kimberlite is located approximately four kilometres southeast of the CH-7 kimberlite and approximately five kilometres southeast of the CH-1 kimberlite.

Mr. Eric Friedland, CEO of Peregrine, stated, "These diamond results are very significant because CH-31, at five hectares, is the largest kimberlite discovered at Chidliak to date and the fifth kimberlite with economic potential in arctic settings. CH-31 is located less than 5 kilometres from CH-1 and CH-7, two of the other kimberlites with economic potential at Chidliak. More exploration work at CH-31, which could include a mini-bulk sample, is being considered for next year."

About

Peregrine Diamonds Ltd. ("Peregrine" or "the Company") is primarily focused on diamond exploration and development in Canada. Since 2007, the Company has discovered two new Canadian diamond districts, Chidliak on southern Baffin Island and Nanuq in the eastern Arctic region.

Last: 2.35 Range: 2.74-1.38 Market Cap: 87.83 Million

Timberline Intercepts Additional High-Grade Gold at Butte Highlands

Timberline Resources Corporation (NYSE Amex:TLR) (TSX-V:TBR) announced final drill results for its 2010 surface exploration drill program at the Butte Highlands Joint Venture Property in Montana.

The seven hole drill program included three holes within the mineralized envelope currently under development, while four holes were drilled outside the envelope to test potential eastern extensions of the mineralized zone.

Highlights include

Hole ID Interval Gold Grade

BH93-2 10.0 feet (3.0 metres) 7.88 opt (269.9 g/t)

BH93-11 14.0 feet (4.3 metres) 0.78 opt (26.7 g/t)

BH93-12 14.7 feet (4.5 metres) 0.77 opt (26.4 g/t)

BH96-5 8.0 feet (2.4 metres) 0.98 opt (33.6 g/t)

About Timberline Resources

Timberline is a U.S.-based exploration/development company with a focus on advanced-stage precious metals properties. The Company's management team has a solid track record of achievement in building successful companies and discovering, exploring, and developing economic mineral deposits.

Last; 1.17 Range: 1.45-0.085 Market Cap: 65 million