Tiomin Resources and Cadiscor Resources will not Proceed with Proposed Business

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Clavis

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Tiomin Resources and Cadiscor Resources will not Proceed with Proposed Business

posted on Feb 19, 2009 08:56AM

February 19, 2009

Tiomin Resources and Cadiscor Resources will not Proceed with Proposed Business Combination

TORONTO, ONTARIO--(Marketwire - Feb. 19, 2009) - Tiomin Resources Inc. (TSX:TIO) ('Tiomin' or the 'Company') and Cadiscor Resources Inc. (TSX VENTURE:CAO) ('Cadiscor') announced today that they will not proceed with the business combination as announced on February 10, 2009.

As a result of the recent announcement by Jaguar Financial Corp, Cadiscor and Tiomin mutually agreed to terminate the arrangements reached on February 09, 2009.

As part of the proposed transaction, Tiomin completed a thorough Technical Due Diligence review on Cadiscor and on its main asset, the Sleeping Giant Mine, including the engagement of Scott Wilson Roscoe Postle Associates Inc., an Independent Firm of geological and mining consultants, which reviewed and confirmed the development plan of the Sleeping Giant Mine, as well as the financial soundness of the development and production plan for the continuing company.

To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com.

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