SOURCE: Therma-Med Inc.

December 07, 2011 09:45 ET

Therma-Med Inc. Signs Revenue Generating Consulting Management Agreement

TORONTO--(Marketwire - Dec 7, 2011) - Therma-Med Inc. (PINKSHEETS: THRA) is pleased to announce that it has signed a consulting agreement with Testone Mining, a private Canadian exploration company.

The Company has signed a one year consulting management agreement commencing Jan 1, 2012 to Dec 31, 2012. The agreement calls for Therma to manage and steward the development of several junior exploration programs such as scheduling staking programs, managing submissions to the ministry and general hiring of qualified personnel. The remuneration to Therma will be $35,000 annually in cash. The major benefit of the contract allows Therma the right of first refusal to all properties under Testone's umbrella.

Testone is a Canadian based private mining company that owns several mines that range from open pit quarries to base and precious metal claims.

CEO Zajay Trujillo stated, "As a result of this revenue stream we will retire 500,000,000 restricted common shares which will reflect on our next filing. This will give us the flexibility to comfortably accomplish current plans and seize future opportunities."

Please check our website for further updates.

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This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Therma-Med, Inc. with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

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