Tinka Resources Limited

March 11, 2009 13:09 ET

Tinka Drills 70m Grading 1.6 g/t Gold at Golden Mountain

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2009) - Tinka Resources Limited (the "Company") (TSX VENTURE:TK)(PINK SHEETS:TKRFF)(FRANKFURT:TLD) reports that the initial drill test of the Company's Golden Mountain project is complete and all assays have now been received. The Golden Mountain mining licence lies within the Company's approximately 960 square kilometer Strathbogie South exploration project in north eastern Victoria, Australia.

The Company completed two drill holes, totaling 417 metres within the previously identified mineralized area, to confirm historical information and better understand the distribution of gold mineralization. Significant intersections from this drilling include:

GMDDH24 56 m @ 1.9 g/t Au from 163 m to 219 m;
GMDDH25 70 m @ 1.6 g/t Au from 59 m to 129 m;
including 17 m @ 3.1 g/t Au from 59 m to 76 m, and
17 m @ 2.3 g/t Au from 112 m to 129 m

Golden Mountain is a sediment-hosted gold project, with a hard rock and alluvial mining history of approximately 140,000 oz of gold production from operations that concluded in the 1920's. Further exploration during the 1950's and 1980's defined mineralization in a gold enriched corridor some 300 metres in length, 150 metres in width and to 300 metres in depth.

Gold mineralization is developed within a sequence of Devonian metamorphosed sedimentary rocks close to the contact with the Strathbogie Granite, most commonly within the nose of a steeply north plunging anticline where it is associated with dip-slip and oblique slip faults. Gold is fine grained, associated with pyritic alteration, and concentrated in ferruginized joints, fault pug and disseminated within psammitic sedimentary strata. Mineralization at Golden Mountain is geologically similar in style to the nearby Fosterville Gold Mine (Northgate Minerals Ltd.), where 112,000 ounces of gold are forecast to be produced in 2009. Vein quartz is generally absent or poorly developed at Golden Mountain.

The President of Tinka, Mr. Andrew Carter, says; "We are pleased to have intersected significant widths of gold mineralization at the Golden Mountain mining lease, reinforcing our interest in the Strathbogie South exploration project. We are working with both new and historic drilling data to identify new priority target areas for follow up. Results from a regional stream sediment program completed on the project in late 2008 will be released as they come to hand."

The Company's Qualified Person, Mark Saxon, has reviewed and approved the contents of this news release.

On behalf of the Board,

Andrew Carter, President & CEO

Forward Looking Statements. This Company news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

Neither the TSX Venture Exchange nor the Frankfurt Deutsche Borse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or accuracy of this release.

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