Trueclaim Exploration Inc.
TSX VENTURE : TRM
PINK SHEETS : TRMNF
OTCQX : TRMNF

August 16, 2011 14:51 ET

Trueclaim Announces Results From Summer Field Work at the Tecumseh Property

LONDON, ONTARIO--(Marketwire - Aug. 16, 2011) - Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE:TRM)(PINK SHEETS:TRMNF)(OTCQX:TRMNF) is pleased to provide a correction to the news release distributed earlier today wherein samples taken from the Tecumseh Property were described as grab samples. Except for samples taken from a stockpile of quartz, all the assays reported below are from channel samples. The corrected information is "Trueclaim recently finished a field mapping and sampling program on the Tecumseh property. The Tecumseh property is located 50 kilometres northeast of Sudbury and 8 kilometres northeast of the Scadding Gold Property.

The Tecumseh property consists of multiple parallel quartz veins hosted in Nipissing Diabase. Nipissing Diabase intrusions are well known intrusions favourable for platinum, palladium and gold mineralization. The Shakespeare open pit owned and operated by URSA Major Minerals, located 70km west of Sudbury is in Nipissing Diabase producing nickel, copper, cobalt, platinum, palladium, gold and silver.

The quartz veins on the Tecumseh Property are trending East-West and dipping to the south. Historical trenching has exposed an area of quartz veining approximately 450 metres by 300 metres. The trenches provided good exposure to the quartz veins on the property.

The quartz veins average about 10cm in width. Multiple samples contain chalcopyrite and visible gold. A total of 28 individual quartz veins were sampled throughout the property from 14 historic trenches.

Shown below are the highlights of channel samples collected from the Tecumseh property and a map showing the sample locations:

Sample ID Au (g/t) Au (oz/t)
Z061759 82.52 2.89
Z061773 59.06 2.07
Z061776 46.35 1.62
Z061745 36.94 1.29
Z061752 22.47 0.79
Z061753 16.32 0.57
Z061756 15.42 0.54
Z061778 11.13 0.39
Z061780 11.11 0.39
Z061770 7.62 0.27
Z061777 4.3 0.15
Z061747 2.71 0.09
Z061758 2.31 0.08
Z061750 2.04 0.07
Z061766 1.07 0.04
Z061739 1.03 0.04

To view the map associated with this press release, please click on the following link: http://media3.marketwire.com/docs/t816.pdf

Three grab samples were also taken from a pile of quartz previously removed from historical trenching. The pile covers approximately 5x5 metres and is piled approximately 1 metre high. The contents of the pile were dominantly sulphide-bearing quartz vein material. Assayed gold values from these samples revealed:

Sample ID Au (g/t) Au (oz/t)
Z061761 9.89 0.35
Z061762 17.11 0.60
Z061763 2.91 0.10

Due to the encouraging results obtained from this sampling program, Trueclaim has applied for a permit to take a 1,000 tonne bulk sample from the Tecumseh Property. With the close proximity of this property to the Scadding Mine site it could be economical to process Tecumseh material on the Scadding Mine-site should a mill be built there.

The Company has optioned the property from Terry Loney and is working towards earring a 100% interest in the property.

We seek safe harbour.

ON BEHALF OF THE BOARD

TRUECLAIM EXPLORATION INC.

John Carter, President

Technical information in this news release has been reviewed by Ms. Lindsay Moss, P. Geo. and prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. Trueclaim's quality control and assurance program includes the insertion of standards and blanks, the retention of ½ of the cut core that has been sampled, pulps and rejects, and uses a independent certified lab, Accurassay Laboratories of Thunder Bay, ON. Samples are sent for fire assay and if warranted for ICP. Assays of significance are reassayed using screen metallics to ensure accurate values. Company Management, which takes full responsibility for content, prepared this news release.

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, those concerning the proposed bulk sample program. All statements in this news release, other than statements of historical facts, which address future production, reserve potential, exploration activities, financing plans, objectives or goals, and events or developments that the Company expects, are forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding its ability to complete its exploration and development work as expected. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company's continued development work, technical, safety or regulatory issues, market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Actual results or developments may differ materially from those projected in the forwardlooking statements, as assay intervals might not necessarily represent true width. Such risks include expectations that may be raised by discussing potential mine types and by comparing the Company's projects to other projects. Also, in order to proceed with the Company's exploration and acquisition plans, additional funding is necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate the Company's plans. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

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

Contact Information

  • Trueclaim Exploration Inc.
    John Carter
    President
    519-913-8008
    1-888-686-1405 (FAX)
    www.trueclaim.ca