ThyssenKrupp MinEnergy

July 22, 2005 09:59 ET

ThyssenKrupp MinEnergy has acquired 4,000,000 common shares

TORONTO, ONTARIO--(CCNMatthews - July 21, 2005) - ThyssenKrupp MinEnergy, a corporation incorporated under the laws of Germany with its principal office located at Essen / Germany, announced that it has acquired by private placement 4,000,000 common shares and 4,000,000 common share purchase warrants of Cline Mining Corporation ("Cline")(TSX VENTURE:CMK)(for an aggregate purchase price of Cdn$5,440,001. After giving effect to the transaction, ThyssenKrupp MinEnergy holds 4,000,000 common shares, representing approximately 7.63% of the 52,451,400 common shares of Cline currently outstanding. Upon exercise of the 4,000,000 common share purchase warrants, ThyssenKrupp MinEnergy would hold 8,000,000 common shares of Cline, representing approximately 14.17% of the 56,451,400 common shares of Cline which would then be outstanding (assuming no other share issuances by Cline).

The securities of Cline held by ThyssenKrupp MinEnergy are held for investment purposes. These investments will be reviewed on a continuing basis and such holdings may be increased or decreased in the future.

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