Receives Notice From Jaguar of its Intent to Commence Legal Action

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Exploration and development of gold, base metals and titanium mineral sands projects

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Clavis

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Receives Notice From Jaguar of its Intent to Commence Legal Action

posted on Apr 02, 2009 08:00AM

April 2, 2009

Tiomin Receives Notice From Jaguar of its Intent to Commence Legal Action

TORONTO, ONTARIO--(Marketwire - April 2, 2009) - Tiomin Resources Inc. (TSX:TIO) ("Tiomin" or the "Company") announced today that the Company received notice from Jaguar Financial Corporation of Jaguar's intention to commence a court application for leave to file a derivative legal proceeding in the Company's name under the Canada Business Corporations Act against the current directors, a former director and third parties.

The Company is in the process of considering the issues raised in the proposed court action.

About Tiomin Resources Inc.

Tiomin is enhancing shareholder value by the acquisition, exploration and development of industrial mineral, precious and base metal projects. Jinchuan, one of China's largest mining companies, owns approximately 18.7% of Tiomin.

Tiomin has four main assets:

1) approximately $17.3 million of working capital (after the Feb. 20th Kivu Gold Corp. investment);

2) 49% interest in the Pukaqaqa copper and gold project in Peru;

3) 100% interest in the Kwale titanium project in Kenya; and

4) 33.5% interest in Kivu Gold Corporation, a mineral exploration focused on sub-Saharan Africa.

Tiomin's share price currently only reflects the value of its working capital position and it receives no value for its other assets in Peru or Kenya. Tiomin has an outstanding memorandum of understanding with Jinchuan whereby Jinchuan would acquire 70% of Tiomin Kenya Limited ('TKL') a wholly owned subsidiary of Tiomin that owns 100% of the Kwale titanium project, for US$25 million invested into TKL and a commitment to finance and build the project, 70%.

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

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