Mr. Michael Sweatman reports

TESLIN APPOINTS NICOLA STREET CAPITAL FOR INVESTOR RELATIONS

Teslin River Resources Corp. has retained Nicola Street Capital Inc. (NSC) to provide investor relations services.

NSC is a privately held British Columbia company, based in Vancouver, and provides investor relations and other marketing services to public companies. NSC and Teslin River are at arm's-length to one another. NSC does not currently hold a position directly or indirectly in Teslin River. NSC will provide investor relations services, including, but not limited to, communicating with investors and potential investors, preparing collateral material, co-ordinating meetings, preparing and scheduling the dissemination of news releases. NSC will not provide market-making services.

"Teslin River has embarked on a transition which we feel has significant potential," said Nick Smith, partner at NSC. "We look forward to assisting them with meeting their objectives, and building strong relationships with current and new investors."

Teslin River has agreed to pay NSC a monthly fee of $3,000 for a 12-month term, which may be renewed on mutually agreeable terms thereafter. Teslin River has also agreed to issue options to purchase 250,000 shares in the company at a price of 10 cents per share or the share price of the company on the date of grant, whichever is higher. The options will vest in increments of 25 per cent every three months from the date of grant.