Trueclaim Exploration Inc.

August 12, 2011 16:25 ET

Trueclaim Exploration Inc. Enters into Agreement to Provide Geological Services to Bryn Resources Inc.

LONDON, ONTARIO--(Marketwire - Aug. 12, 2011) - Trueclaim Exploration Inc.(TSX VENTURE:TRM)(OTCQX:TRMNF) (the "Company") is pleased to announce that it has entered into an agreement (the "Agreement") to provide geological services on mineral exploration properties held by Bryn Resources Inc. (PINK SHEETS:BRYN) ("Bryn"). The Company will commence work on Bryn's property this month with a view to providing a Preliminary Property Assessment Report in preparation for the eventual delivery of a NI43-101 compliant report. This preliminary property assessment (to be completed this year) will include:

  1. Evaluation of the resource potential of the subject mineral claims
  2. Preparation of preliminary assessments
  3. Review of geological data supplied by Bryn
  4. Provide overview of regional properties
  5. Provide recommended exploration programs and a budget with the view to completing a NI43-101 compliant report.

About Bryn Resources Inc.

Bryn Resources is a precious metals exploration company currently concentrating its efforts in eastern Canada. Bryn presently holds a 100% working interest in the Renfrew Property situated in Hants County, Nova Scotia comprised of 62 Claims covering approximately 2,480 acres, as well as a 100% working interest in the Wine Harbour property located in Wine Harbour, Nova Scotia comprised of 53 mineral claims covering approximately 2,100 acres. The Wine Harbour claims have historically demonstrated their mineralization and in the period between 1862 and 1939 are reported to have produced 42,726 ounces of gold from 83,000 tons of ore, for an average content of 0.52 ounces per ton.

We seek safe harbour.



John Carter, President

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 Agreement). 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 forward-looking statements. 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) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information