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Tinka Resources Ltd
Symbol TK
Shares Issued 80,966,144
Close 2014-03-11 C$ 0.485
Market Cap C$ 39,268,580
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Tinka Resources retracts Colquipucro disclosures

2014-03-12 17:40 ET - News Release

Mr. Andrew Carter reports

TINKA RESOURCES CLARIFIES TECHNICAL DISCLOSURE ON ITS COLQUIPUCRO PROJECT

Tinka Resources Ltd., as a result of a review by the British Columbia Securities Commission (BCSC), has issued the following news release to clarify certain technical disclosure regarding the company's Colquipucro project.

The company issued news releases dated Oct. 15, 2012, and Oct. 18, 2012, disclosing that infill drilling should upgrade the resource from the inferred to the indicated category. The company also issued a news release dated March 26, 2013, disclosing that the infill program now under way is "designed to both increase the resource base and upgrade the resource from inferred to the indicated category."

The company's management discussion and analysis (MD&A) for the three months ended Dec. 31, 2013, discloses that the completed infill drilling was "in order to upgrade the resources classification from the inferred to indicated category." The above disclosures state or imply a pending resource classification upgrade, and are premature and potentially misleading before the estimation and delivery of a new resource estimate.

The company wishes to retract any statements which imply an upgrade to the resource classification and cautions readers that there can be no guarantee that infill drilling will allow a qualified person to verify assumptions about geological and grade continuity or to what extent a new estimate will reclassify the current inferred resource as indicated.

The company's January, 2014, corporate presentation entitled "Massive Zinc Sulphide & Oxide Silver Deposits, Corporate Presentation" on the company's website contains resource estimates for the Colquipucro property, on pages 21 and 23. These estimates do not to classify the Colquipucro resource. This is not in compliance with sections 2.2 and 3.4 of NI 43-101. The resources referred to in the corporate presentation are inferred. To address the foregoing, the company has removed the corporate presentation from its website and is currently working on amending the corporate presentation.

The BCSC has also identified certain deficiencies in the company's technical report dated Sept. 21, 2012, on the Colquipucro property entitled "Progress Report on the Geology, Exploration, and Mineral Resources of the Colquipucro project, Peru," by John Nebocat.

In order to address these deficiencies, the company is in the process of amending its technical report and will file an amended technical report when completed.

Mr. Nebocat (PEng), vice-president of exploration for the company, is a qualified person within the meaning of NI 43-101, and has reviewed and approved the contents of this news release.

We seek Safe Harbor.

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