TintinaGold Resources Inc.
TSX VENTURE : TAU

TintinaGold Resources Inc.
AsiaBaseMetals Inc.

October 09, 2009 14:09 ET

TintinaGold and AsiaBaseMetals Complete Spin-Out Transaction

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 9, 2009) - TintinaGold Resources Inc. (TSX VENTURE:TAU) ("TintinaGold" or the "Company") and AsiaBaseMetals Inc. are pleased to announce that they have completed the previously announced arrangement. Shareholders of record of TintinaGold on October 8, 2009 have received one AsiaBaseMetals Inc. common share for each one TintinaGold common share held on that day.

Options and warrants to purchase shares of TintinaGold outstanding immediately prior to October 8, 2009 have been adjusted pursuant to the terms of the Plan of Arrangement.

For more information, see the Company's Information Circular dated August 24, 2009 filed under the Company's profile on SEDAR at www.sedar.com.

ON BEHALF OF THE TINTINAGOLD
RESOURCES INC. BOARD OF DIRECTORS
"RAJ I. CHOWDHRY"
_________________________________
Raj Chowdhry, C.A.
President & CEO
ON BEHALF OF THE ASIABASEMETALS INC. BOARD OF DIRECTORS
"RAJ I. CHOWDHRY"
_________________________________
Raj Chowdhry, C.A.
President & CEO

The securities to be issued in connection with the arrangement have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or distributed in the United States unless exemptions from such registration requirements are available. This press release does not constitute an offer of securities in any jurisdiction where such offer would be prohibited.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information