TintinaGold Resources Inc.

TintinaGold Resources Inc.

September 30, 2009 09:20 ET

TintinaGold Resources Inc. (Formerly Mantra Mining Inc.) Receives Shareholder and Court Approval for Spin-Out of Asiabasemetals Inc.: Announces Closing Schedule

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2009) - TintinaGold Resources Inc. (TSX VETNURE:TAU) ("TintinaGold" or the "Company") announces that TintinaGold shareholders have approved the arrangement involving the spin out transaction of AsiaBaseMetals Inc., and the British Columbia Supreme Court has granted final approval.

Subject to TSX Venture Exchange final approval, the closing of the arrangement is expected to occur on October 8, 2009. Shareholders of record of TintinaGold on October 8, 2009 will retain their TintinaGold common shares and be entitled to receive one AsiaBaseMetals common share for each one TintinaGold common share held on that day. Options and warrants to purchase shares of TintinaGold outstanding immediately prior October 8, 2009 will be adjusted pursuant to the terms of the Arrangement. For more information, see the Company's Information Circular dated August 24, 2009 filed under the Company's profile on SEDAR at www.sedar.com.

For settlement reasons, TintinaGold common shares purchased on or after October 6, 2009 will not be eligible to participate in the distribution of AsiaBaseMetals common shares. These dates are subject to change and in such event the Company will issue a news release announcing any such change.

Computershare Trust Company of Canada will forward to each TintinaGold shareholder who is entitled to receive AsiaBaseMetals common shares, certificates representing their allotted number of such shares in accordance with the Arrangement. Shareholders should not deliver certificates for TintinaGold common shares as certificates representing TintinaGold common shares are not being exchanged pursuant to the Arrangement.

After the completion of the Arrangement, AsiaBaseMetals intends to seek a listing on the TSX Venture Exchange.

The Company also announces that the shareholders of the Company have approved the implementation by the Company of a new stock option plan for the Company, subject to regulatory approval. The new plan is a 10% rolling stock option plan and has the same basic terms as the Company's old plan, but has been updated to include certain additional features as set out in the Company's information circular dated August 24, 2009, which is available on SEDAR at www.sedar.com under the Company's profile.


Raj Chowdhry, C.A., President & CEO

Cautionary Notice: This release may contain forward-looking statements regarding the Company's business or financial condition, including the possible completion of transactions. In making the forward looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the required regulatory approvals for the completion of the plan of arrangement will be obtained; and that the plan of arrangement will be completed as disclosed in this release. However, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those described in this news release as a result of factors, including, but not limited to the following: the timing of and ability to obtain regulatory and third party approvals, the timing of and ability to obtain required financing and other factors. The Company cautions that these and similar statements involve risk and uncertainties and are qualified by important factors, including competitive pressures, unfavorable changes in regulatory structures, and general risks associated with business, which could cause actual results to differ materially from those in the forward looking statement. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.

The securities to be issued in connection with the arrangement have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or distributed in the United States unless exemptions from such registration requirements are available. This press release does not constitute an offer of securities in any jurisdiction where such offer would be prohibited.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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