April 30, 2007 15:00 ET

Tyler Resources Debenture Interest Payment

CALGARY, ALBERTA--(CCNMatthews - April 30, 2007) - In November 2006, Tyler Resources Inc. (TSX VENTURE:TYS) ("Tyler" or the "Company") closed a Convertible Debenture financing for aggregate gross proceeds of CAD$2,000,180. Each Unit sold consisted of a convertible debenture (a "Debenture") having a face value of $1,000 and 500 Series B Warrants of the Company. Each Series B Warrant entitles the holder thereof to purchase one common share of the Company at a price of CAD$0.60 until November 21, 2008, subject to acceleration rights.

Each Debenture bears 10% per annum simple interest and matures on November 21, 2008. At the option of the Company, interest payments may be paid in cash or by the issuance of Common Shares of the Company. The Company will issue 188,980 common shares in satisfaction of the April 30, 2007 interest payment at a deemed value of $0.54 per common share.

About Tyler

Tyler Resources is a well-funded Canadian junior exploration company focused on base and precious metals exploration in Mexico. Tyler's primary project is the Bahuerachi property, which hosts Mexico's fourth largest mineralized porphyry system. The Company is now in the advanced stage of a 35,000 meter combined diamond and reverse circulation drilling program extended into 2007, making it one of the most active Canadian junior exploration companies operating in Mexico.

Jean Pierre Jutras, President/CEO/Director

Cautionary language:

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Tyler's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Tyler. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Tyler's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Tyler's filings with the Canadian securities authorities. Accordingly, holders of Tyler shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Tyler disclaims any responsibility to update these forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Contact Information

  • Tyler Resources Inc.
    Jean Pierre Jutras
    (403) 269-6753
    (403) 266-2606 (FAX)
    Website: www.tylerresources.com