Tenajon Resources Corp.
TSX VENTURE : TJS

Tenajon Resources Corp.

November 16, 2006 08:00 ET

BC Court of Appeal Rules in Tenajon's Favour

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 16, 2006) - Tenajon Resources Corp. (TSX VENTURE:TJS) is pleased to announce that the BC Court of Appeal today dismissed Trans Pacific Mining Ltd. and Carminco Gold and Resources Ltd.'s appeal in respect to their alleged claim of a breach of an option agreement on Tenajon's Summit Lake property in British Columbia.

The BC Court of Appeal found that there was not an enforceable option agreement between the plaintiffs and Tenajon. Accordingly, the plaintiffs' action against Tenajon was dismissed. The court also awarded special costs to Tenajon on the grounds of reprehensible conduct in respect to their conduct on the appeal.

On Behalf of the Board of Directors

TENAJON RESOURCES CORP.

D. Bruce McLeod, President

This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company's filings for a more detailed discussion of factors that may impact expected results.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Tenajon Resources Corp.
    D. Bruce McLeod
    President
    (604) 687-7545 or Toll Free: 1-888-338-2200
    (604) 689-5041 (FAX)
    Email: info@northair.com
    Website: www.tenajon.com