Toronto, Ontario--(Newsfile Corp. - January 27, 2014) - Ubika Research has released the weekly performance report for "The Ubika Gold 50", an index of 50 high potential junior gold exploration companies.

This week's top gainer is Golden Star Resources Ltd. (TSX: GSC) (CSE: GSC), which powered more than 30% higher. On January 09, 2014, the miner announced 2013 fourth quarter and full year production results for its Bogoso and Wassa mines as well as operational and financial guidance for 2014. .

Other top Ubika Gold 50 gainers for the week ending January 24, 2014, include: Kaminak Gold Corp. (TSXV: KAM) (CVE: KAM) and Endeavour Mining Corp. (TSX: EDV) (CSE: EDV).

Get your copy of the report and see the Top 50 performance compared to the TSX Venture Index: http://www.smallcappower.com/gold50.

Note: This week's Ubika Gold 50 Index includes only 48 companies. We removed Oromin Explorations Ltd. (TSX: OLE) since it was acquired by Teranga Gold Corporation (TSX: TGZ) (ASX: TGZ) and Rainy River Resources Ltd. (TSX: RR) since it was acquired by New Gold Inc. (TSX: NGD).

About The Ubika Gold 50 Index: This index comprises our top fifty (50) promising junior gold exploration companies. We use various proprietary criteria in selecting these companies including market capitalization, trading volume, exploration location, type and size of deposits and their exploration stage.

About Ubika Research

Ubika Research is an investment research and capital market services firm based in Toronto with a proven track record of identifying and launching coverage of high potential small cap stocks (<$5 billion) at an early stage. For more information visit www.ubikaresearch.com.

Disclosure

Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.

Ubika Research and www.smallcappower.com (are both divisions of Ubika Corporation), and are not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://www.smallcappower.com/pages/small-cap-power-disclosure.

For additional information contact:
Mark Thorburn
Manager, Media Relations
Email: mark@smallcappower.com
Phone: 416.646.1941