Tinka Resources Limited

October 02, 2007 08:45 ET

Tinka Drills 66m Grading 83 g/t Silver From Surface at Colquipucro, Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 2, 2007) - Tinka Resources Limited (the "Company") (TSX VENTURE:TK)(PINK SHEETS:TKRFF)(FRANKFURT:TLD) -

Mr. Andrew Carter, President & CEO, provides the results of a further two drill holes of the diamond drill exploration program currently underway at the Company's 100% owned Colquipucro silver project, west-central Peru. One hole targeted known surface mineralization along line 332700E up dip from the previously announced CDD4 (see press release dated August 28, 2007), and one hole tested the Pucara limestone beneath Colquipucro hill.

Said Mr. Carter: "The assay results from CDD6 are very encouraging as they support the mineralization previously intersected in CDD4. Hole CDD6, averaging 83 g/t silver between surface and 66m depth, is a significant intersection and includes all 33 samples with no cut off grade applied. Five samples fell below the 30 g/t cut off grade with values ranging between 10 g/t silver and 23 g/t silver. Future drill holes will test down dip from CDD4 and along strike. The drilling progress is satisfactory and the contractor is currently drilling hole 10."

Drilling results are as follows:

HOLE SECTION FROM TO TOTAL Recovery Silver Lead Zinc
NO. m m m % g/t % %
CDD6 332700E 0 8 8 67 103 0.2 Trace
10 16 6 96 54 Trace Trace
18 26 8 98 63 0.2 0.1
28 34 6 100 178 0.4 0.2
36 62 26 95 93 0.3 0.2
64 66 2 93 70 0.1 Trace
112 116 4 98 212 0.7 2.2

All intercepts are down-hole lengths and true widths have not been calculated. In the above table, a 30 g/t cut off has been used for silver and a 0.1% cut off for lead and zinc.

Drill hole CDD5 along line 332800E tested the Pucara limestone beneath Colquipucro hill but the Company considers the results to be of no economic value. The hole did, however, include a 4m intersection grading 62 g/t silver and 1.1% zinc.

All diamond drilling has been performed using HQ and NQ diameter core. Core is logged and split on site under the supervision of Tinka geologists. Sampling is done on two metre intervals and samples are transported by company staff to Plenge Laboratories in Lima, Peru for assay by multi acid digestion method. The Company has continued a program of randomly inserting known sample standards as a means of checking on laboratory analytical reproducibility. Random samples were also transported to IPL Laboratories in Vancouver for check analysis. Results from the quality control program are within acceptable limits.

The Company's Qualified Person as defined in National Instrument 43-101, John Nebocat (P.Eng.), who has visited the drill site to both observe the drilling and sampling procedures, has reviewed and approved the contents of this press release.

On behalf of the Board,

Andrew Carter, President & CEO

Forward Looking Statements: This Company press release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

Neither the TSX Venture Exchange nor the Frankfurt Deutsche Borse have reviewed the information contained herein, and, therfore, do not accept responsibility for the adequacy or accuracy of this release.

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