SOURCE: Obsidian Financial Communications Inc.

Obsidian Financial Communications Inc.

May 29, 2012 10:07 ET

Obsidian Financial's Morning Stock Market News for Tuesday, May 29, 2012

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Obsidian Financial Communications Inc.

NEW YORK, NY--(Marketwire - May 29, 2012) - OFinancialinc.com announces the following stocks to its Stock Market Morning News.
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NVMN Advances Agenda by Engaging New President with Sharp Focus on Growth and Sales: Nova Mining Corp. (OTCBB: NVMN) announced today that the Company has appointed Mr. James Dilger as President. Dr. Duncan Bain, who has been serving as President, will immediately resume his geological business focus as Senior Vice President in Charge of Exploration.

Mr. Dilger has over 30 years' experience in building businesses, with special expertise in international trade and private investment. Mr. Dilger studied history and economics at the Universidad de las Americas in Mexico and serves as a professor at Ibero Americana University. Mr. Dilger was also the original founder of Texas Invest Direct Oil, which represents independent oil operators seeking working interest partners. Mr. Dilger resides in Houston, Texas, USA and Merida, Yucatan, Mexico.

One of Mr. Dilger's first priority items will be to establish Nova Mining Corp as a Registered US Federal Contractor in order to implement the Company's business plan of selling mining product to the massive US military-industrial complex.

To view the full press release for Nova Mining Corp. (OTCBB: NVMN), visit OFinancialinc.com

Other Highlights Include:

Chesapeake Energy Corporation (NYSE: CHK): The Board of Directors of Chesapeake Energy Corporation (NYSE: CHK) released a letter on May 23, 2012 to shareholders addressing certain issues recently raised by the Comptroller of the City of New York, John C. Liu, who oversees New York City pension funds that beneficially own less than 0.25% of Chesapeake's common shares outstanding. The letter, which outlines numerous recent actions the Board has taken to enhance Chesapeake's corporate governance and further strengthen its financial position, was issued in advance of the Company's Annual Meeting of Shareholders to be held Friday, June 8, 2012.

Alcatel-Lucent (EURONEXT PARIS: ALU) (NYSE: ALU): Alcatel-Lucent announced today May 29, 2012, that it will significantly expand China Telecom's broadband access network, bringing services such as IPTV, video-on-demand and voice-over-IP (VoIP) services to millions of homes in China. The Euro 100 million contract -- secured through Alcatel-Lucent Shanghai Bell, Alcatel-Lucent's flagship company in China -- will lead to the deployment of fiber-to-the-home (FTTH) networks across China's 31 provinces, enabling China Telecom to serve millions of households with a wide range of high-speed services and guaranteed quality of service.

Extorre Gold Mines Limited's (NYSE Amex: XG) (TSX: XG) (FRANKFURT: E1R.F) ("Extorre" or the "Company) board of directors has approved the adoption of a Shareholder Rights Plan (the "Plan"). The Plan is effective as of May 25, 2012, but is subject to shareholder ratification within six months in order to remain in place. The purpose of the Plan is to provide shareholders and the Company's Board of Directors with adequate time to consider and evaluate any unsolicited bid made for the Company, to provide the Board with adequate time to identify, develop and negotiate value-enhancing alternatives, if considered appropriate, to any such unsolicited bid, to encourage the fair treatment of shareholders in connection with any take-over bid for the Company and to ensure that any proposed transaction is in the best interests of the Company's shareholders.

About OFinancialInc.com:
OFinancialInc.com, a leader in corporate communications and finance, provides investors with a wide-ranging set of financial tools, including original stock market commentary, stock quotes, interactive charts, portfolio watch, live chat and message boards, plus the latest news, press releases, investment opinions, and research reports for all companies highlighted on the site. Visit http://StockPromoters.com for more details.

All material herein was prepared by Obsidian Financial Communications, Inc. (OFC) based upon information believed to be reliable. The information contained herein is not guaranteed by OFC to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. OFC is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://OFinancialinc.com or mentioned herein. Nova Mining Corp. (NVMN) - Obsidian Financial Communications Inc. (OFC) has been compensated one hundred twenty five thousand ($125,000) dollars, by a third party for NVMN. We could receive up to another one hundred twenty five thousand ($125,000) dollars for NVMN from this same third party. In addition to any compensation mentioned above, additional compensation can be equal to ten percent of any newly issued or registered securities of the profiled companies. OFC's affiliates, officers, directors and employees may own shares and intend to buy and sell additional shares of the companies mentioned herein and may profit in the event those shares rise in value. OFC will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. To see OFC's full disclaimer / compensation, please visit our web site: http://ofinancialinc.com/disclaimer

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