Temoris Resources Inc.

Temoris Resources Inc.

December 20, 2006 10:19 ET

Temoris Acquires Five Mining Projects in Mexico

MONTREAL, QUEBEC--(CCNMatthews - Dec. 20, 2006) - Temoris Resources (TSX VENTURE:TMO.H) - News; Temoris Resources ("Temoris" or "Company") announces that after conducting a lengthy due diligence that spanned over an eight month period, Temoris has entered into an option agreement with Jesus Alfonso Mejia Ramos whereby Temoris can earn a 100-per-cent interest in 1,400 hectares consisting of 5 mining projects near the town of Cosala, located approximately 200 kilometers north east of Mazatlan on the west coast of Mexico. The projects are as follows:

Mina Mapimi: 205 hectares

Carpinteria: 100 hectares

Mina Aguila: 165 hectares

Mina Erisqueta: 487 hectares

Mina AMPL: 443 hectares

Under the terms of the agreement, Temoris Resources has conveyed, subject to regulatory approvals, to issue to the Vendor 600,000 common shares of Temoris priced at $0.25 cents and to pay after two years of exploration a sum of $300,000 USD. The commitment towards the exploration program is left at the discretion of the Company. The sole obligation for the Company is to pay $1,000/month USD. With regards to the final payment of $300,000, the Company does not have the obligation to disburse the $300,000, should the property prove to be of no value to the Company.

We are very pleased by the nature of this transaction which has enabled Temoris to acquire prime land in Mexico with a very limited downside risk. We anticipate that this acquisition will add significant value to our current asset base and should serve well the interests of our shareholders in the near future.

The transaction is subject to regulatory approval and will be finalized upon constitution of our Mexican subsidiary. The securities to be issued pursuant to the agreement shall be subject to a four month hold period.

Jean Labrecque, President

The NEX does not accept responsibility for the adequacy of accuracy of the release.

Contact Information

  • Temoris Resources Inc.
    Jean Labrecque, President, CEO
    514-866-6001 Ext. 229
    514-866-6193 (FAX)