Resource Capital Gold Corp. agreed to acquire Flex Mining and Exploration Limited for CAD 1.5 million.

Resource Capital Gold Corp, formerly Reliance Resources Ltd, is a Canada-based mineral exploration company. The Company is engaged in the exploration and development of precious metals. Resource Capital Gold Corp owns interest in the Dufferin Gold Mine, as well as in the Tangier and Forest Hill gold properties, located in Nova Scotia, Canada. The Company also has a joint venture agreement for the acquisition, exploration, development, mining and operation of the Corcoran Canyon property, located in Nye County, Nevada, the United States. The Corcoran Canyon property is an open-pittable silver deposit and hosts a historical silver-gold resource. The Company's subsidiaries are: Reliance Resources (Australia) Pty Limited, Maritime Dufferin Gold Corp and Flex Mining and Exploration Limited, among others.