Nilam Resources Inc.
OTC Bulletin Board : NILR

June 30, 2008 08:00 ET

Nilam Resources Inc. Announces Plans for Dual Listing on Toronto Stock Exchange

Clarification of May 27th Press Release

TORONTO, ONTARIO--(Marketwire - June 30, 2008) - Len DeMelt, Chairman of Nilam Resources Inc. (OTCBB:NILR)(FRANKFURT:3NL) states "For clarity, we plan to dual list the company on the TSX, and will not be doing a secondary offering. A dual listing will not dilute the amount of shares that the company has and will eliminate stock dilution.

Nilam Resources Inc. (OTCBB:NILR)(FRANKFURT:3NL) is pleased to announce its plans to engage a financial institution for a dual listing on the Toronto Stock Exchange. The company is currently in discussions with both Canadian and American corporate lawyers who specialize in such dual listings. The Toronto Stock Exchange is the world's premiere exchange for the mining industry. Some 60% of the world's mining companies are listed on the Toronto Stock Exchange. In 2006, over $11 billion was raised for exploration by Toronto Stock Exchange listed companies.

"A dual listing on the Toronto Stock Exchange will dramatically increase our visibility within the investment community and the mining industry as a whole," said Mr. DeMelt.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact Information