Tiomin Resources Inc.

Tiomin Resources Inc.

May 26, 2009 16:33 ET

Tiomin CEO Outlines Corporate Strategy and Focus for 2009 at Company's Annual Meeting of Shareholders

TORONTO, ONTARIO--(Marketwire - May 26, 2009) - Tiomin Resources Inc. ("Tiomin" or the "Company") (TSX:TIO) held its annual meeting of shareholders today. The Company's present Board of Directors was re-elected by a significant majority of shares voted, giving the Board and Management team a strong mandate to move forward. During the meeting, Tiomin's President & CEO, Robert Jackson, outlined the company's accomplishments for 2008, its evolving corporate strategy, as well as its focus for 2009.

"We are firmly focused on long-term value creation at Tiomin, and are executing on a strategy that couples seeking an accretive transaction with realizing returns on our current projects and investments," said Mr. Jackson.

"This is probably the most critical year for our company. We have a clear sense of urgency, and notwithstanding the global economic issues and decreased commodity prices of late, we will move this company forward. We continue to seek a company-making transaction. We expect to continue to advance or terminate our current projects, and we expect to keep adequate cash reserves on hand to provide us with the financial flexibility we require," continued Mr. Jackson.

A copy of the presentation delivered at today's meeting will be available on Tiomin's website shortly.

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

Certain of the information contained in this news release constitutes 'forward-looking statements' within the meaning of securities laws. Such forward-looking statements, including but not limited to those with respect to the prices of metals and minerals, estimated future production and estimated costs of future production involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the documents of the Company filed from time to time with the Ontario Securities Commission.

Contact Information

  • Tiomin Resources Inc.
    Jim O'Neill
    VP Corporate Controller and Investor Relations
    416-350-3779, ext. 231