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 June 8th, 2011, 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.

Cardero Names Michael Hunter President & Files NI 43-101 Resource Estimate on Carbon Creek Project

Cardero Resource Corp CDU

114 Million Tonnes of Measured & Indicated, plus 89.1 Million Tonnes Inferred, mvB ranked Metallurgical Coal

announces the appointment of Mr. Michael Hunter as President of Cardero as a result of the recently completedacquisition of Coalhunter Mining Corporation ("Coalhunter"). Mr. Hendrik Van Alphen will remain as the Chief Executive Officer and a Director of the Company.

In addition, the Company announces it has received a NI43-101 resource estimate on the Carbon Creek Metallurgical Coal deposit located in north eastern British Columbia from Norwest Corporation. The report outlines 114.0 million tonnes of measured and indicated, plus an additional 89.1 million tonnes of inferred, coal with an ASTM coal rank of mvB.

About Cardero Resource Corp.

In recent years, Cardero's focus has increasingly been on iron ore and iron-making technologies. The sale of Cardero's wholly-owned Pampa de Pongo iron deposit in late 2009 for US$100 million cash represented an early success in the iron market. More recently, in keeping with bulk-commodity focus, Cardero has acquired, through the acquisition of Coalhunter Mining Corporation, a 75% interest in the Carbon Creek Metallurgical Coal Deposit in north-eastern British Columbia. Cardero continues to hold iron ore resources at the Iron Sands Project in Peru and iron-titanium interests in Minnesota, USA.

Last: 1.38Range: 2.35- 1.06Market Cap: 114 million

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Canaco Drills 57.7 Metres at 3.02 Grams Per Tonne Gold and 34.0 Metres at 3.71 Grams Per Tonne Gold From Magambazi and Magambazi Central

CANACO RESOURCES INC CAN

pleased to announce assay results from new diamond drill holes at Magambazi and Magambazi Central at the Company's Handeni project in Tanzania. These results highlight continuity of the Magambazi Main Lode through the central part of the mineralized zone, and thick intercepts of mineralization up dip of the discovery hole MGZD001.

Highlights include:

--34.0 metres at 3.71 grams per tonne gold in hole MGZD153 at Magambazi

Central, including 11.9 metres at 6.99 grams per tonne gold;

--57.7 metres at 3.02 grams per tonne gold in hole MGZD152 at Magambazi,

including 26.0 metres at 5.33 grams per tonne gold, and

--18.2 metres at 3.24 grams per tonne gold in hole MGZD147, including 5.6

metres at 5.94 grams per tonne gold, highlighting the continuity of the

Magambazi Main Lode from Magambazi to Magambazi North.

About Canaco

Canaco is a Vancouver-based mineral exploration company focused on advanced exploration in Africa. Built on a foundation of experienced management and focused on rapidly advancing exploration projects in Tanzania and Ethiopia, Canaco is well positioned to build shareholder value through discovery and resource development.

Last: 4.00Range: 6.45-0.71Market Cap: 791 million

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Quest and Partner Search Minerals Drills New REE Zone South of the B-Zone, Returns 1.78% TREO Over 24.0 M, Strange Lake Area, Labrador

Quest Rare Minerals Ltd QRM

pleased to report the first results from a diamond drilling program completed on the Alterra (Search) Strange Lake Option Project

Highlights: - A winter drilling program designed to evaluate surface REE occurrences discovered by Quest during the summer 2010 exploration program has intersected thick sections of pegmatite and aplite-style mineralization in a new area known as the A-Zone, three km to the south southeast of the B-Zone REE deposit. - High-grade pegmatite mineralization of between 1.10% and 4.37% TREO over thicknesses of 1.15m to 46.0m was intersected. - Heavy REO of between 38.5% and 70.4% of Total REO continues to characterize the mineralization - A total of four diamond drillholes for 310.3 m was completed during the program; more drilling in the area is planned

"Our Alterra Option Property drilling has now confirmed Quest's belief that significant new areas of rare earth mineralization remain to be discovered within the host Strange Lake Granite," said Peter Cashin, Quest's President & CEO. "Our exploration efforts will now focus on firming up this important new mineralized area, which remains open to the northeast and towards the southeast. Three additional new mineralized areas remain to be drill tested and will be the focus of our future efforts to identify additional high-grade deposits."

About Quest Rare Minerals

Quest Rare Minerals Ltd. is a Canadian-based exploration company focused on the identification and discovery of new and significant Rare Earth deposit opportunities. Quest is publicly listed on the TSX Venture Exchange and NYSE Amex as "QRM" and is led by a highly-respected management and technical team with a proven mine finding track record. Quest is currently advancing several high-potential projects in Canada's premier exploration areas: the Strange Lake and Misery Lake areas of northeastern Quebec and the Plaster Rock area of northwestern New Brunswick.

Last: 6.61Range: 8.88-1.74Market Cap: 398 million

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