Mr. Michael Sweatman reports

TESLIN ARRANGES SHORT TERM DEBT FINANCING

Teslin River Resources Corp. has arranged for a short-term loan to a maximum amount of $250,000. The loan is to be provided by Resinco Capital Partners Inc., a major shareholder of the company. The loan will be advanced in multiple tranches, and interest will be payable at a rate equal to the prime rate charged by Royal Bank of Canada, plus 4 per cent per annum. In addition, the company will pay a one-time administration fee of $12,500 and 250,000 bonus shares of the company at a deemed price of 10 cents per share subject to TSX Venture Exchange approval.

The funds from the loan will be used for general working capital.

John Icke has been appointed executive chairman. Mr. Icke has served as a director and non-executive chairman since March, 2008. Mr. Icke will receive $5,000 per month in fees and be granted an option to buy 150,000 shares at a price of 10 cents per share expiring five years from the date of grant.