CanCham member Extorre To Ring The Opening Bell On The NYSE- Monday, October 24th, 2011

Extorre Gold Mines  is pleased to announce that it will ring the opening bell on the New York Stock Exchange today, October 24, 2011. A week of marketing the Company in eastern USA and Canada will follow.

Co-Chairmen Bryce Roxburgh and Yale Simpson stated, “Our trading on the NYSE-AMEX exchange has been very beneficial for investors. The Company now executes 40% of its total trading volume in the USA without any material effect on TSX volumes.

“We look forward to expanding our presence in the USA, a move that should enhance the invaluable contribution made by our technical team in Argentina.”

 


Extorre Gold Mines  
 

Extorre To Ring The Opening Bell On The NYSE
Monday October 24th, 2011

Vancouver, B.C., October 24, 2011 – Extorre Gold Mines Limited (NYSE-AMEX:XG; TSX:XG; Frankfurt: E1R, “Extorre” or the “Company”) is pleased to announce that it will ring the opening bell on the New York Stock Exchange today, October 24, 2011. A week of marketing the Company in eastern USA and Canada will follow.

Co-Chairmen Bryce Roxburgh and Yale Simpson stated, “Our trading on the NYSE-AMEX exchange has been very beneficial for investors. The Company now executes 40% of its total trading volume in the USA without any material effect on TSX volumes.

“We look forward to expanding our presence in the USA, a move that should enhance the invaluable contribution made by our technical team in Argentina.”

 
 
 

About Extorre

Extorre is a Canadian public company listed on the Toronto and NYSE Amex Exchanges (symbol XG). The assets of the Company comprise CDN $34 million in cash, the Cerro Moro, Puntudo and Don Sixto projects, and other mineral exploration properties in Argentina.

On August 4, 2011 Extorre announced the results of the second Preliminary Economic Assessment (“PEA- 2”) for a potential mine development at Cerro Moro. The study was based on the interim (April, 2011) NI 43- 101 compliant mineral resource estimate which does not include any resources from the Zoe discovery, as it was still being drilled at that time. In PEA-2 production is based on an 8.25 year, 1,000 tonnes per day mining and processing operation to produce a total of 494,700 ounces of gold and 26.6 million ounces of silver. The proposed mine would produce an average of 206,300 ounces gold equivalent* per year for the first 3 years at a cash cost of US $236/ounce gold equivalent*.

Click here for a link to the National Instrument 43-101 compliant report.

The Company expects to release an updated resource statement in Q4-2011 to include the Zoe discovery and three other deposits. That resource statement will lead to a revised economic assessment and a revision to the Environmental Impact Assessment approval received on May 17, 2011.

* Gold equivalent ounces are calculated by dividing silver ounces by 50 and adding this figure to gold ounces.

You are invited to visit the Extorre web site at www.extorre.com.

 
 
 
 
   
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