Tiomin Resources Inc.
TSX : TIO

Tiomin Resources Inc.

November 10, 2006 10:02 ET

The Government of Kenya Informs Tiomin of its Intention to Acquire the Land for the Construction of the Kwale Mineral Sands Project, Kenya

TORONTO, CANADA--(CCNMatthews - Nov. 10, 2006) - Tiomin Resources Inc. ("Tiomin" or the "Company")(TSX:TIO) reports today that the Government of Kenya ("GoK") has issued public notices in the Kenya Gazette stating its intention to acquire the land of the seven farmers, controlling eight plots of land, in the area of the Kwale Special Mining Lease. The seven farmers are the only ones, out of a total of 378 farmers that are affected by the GoK land acquisition program, who are opposed to the compensation agreement.

In addition, under a separate notice, the Commissioner of Lands gave notice that a compensation hearing will be held on December 21, 2006. Tiomin has received a legal opinion stating that obtaining access to the land is not related to the compensation hearing. The Company understands that the GoK has the authority to give unrestricted access to the mining property before the hearing date.

Tiomin is encouraged by the GoK's decisive actions and continues to cooperate with the GoK to advance the project according to schedule.

Certain of the information contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of rutile, zircon, ilmenite, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company 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 rutile, zircon and ilmenite, 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 Company's documents filed from time to time with the Ontario Securities Commission.

Contact Information

  • Tiomin Resources Inc.
    Robert Jackson
    President
    (416) 350-3776, ext. 230
    or
    Tiomin Resources Inc.
    Laurie Gaborit
    Investor Relations
    (416) 350-3776, ext. 222
    Email: lgaborit@tiomin.com
    Website: www.tiomin.com