Drilling at Tiomin's Pukaqaqa Copper/Gold Project Confirms Potential.

TORONTO -- Tiomin Resources Inc. (TSX:TIO) is pleased to announce the first set of drill results on its Pukaqaqa copper/gold deposit. Pukaqaqa, in which Tiomin can earn a 49% interest, is located on a 31.5 sq. km. land package situated 10 km northwest of the town of Huancavelica and 230 km southeast of Lima, Peru.

The first phase of drilling by joint venture partner, Compania Minera Milpo S.A.A. (Milpo), comprised 3,400 meters over the Northern and Southern Blankets, two essentially flat-lying mineralized zones and the Gaby Breccia. All but one of the 16 holes intersected strong copper values with some favourable gold showings. The best hole was PND-95 starting 1 meter below surface which intersected continuous mineralization over 280 meters with an average grade of 0.87% Cu and 0.095 g/t Au. (see attached table - http://www2.ccnmatthews.com/database/fax/2000/tio414.pdf)

Infill drilling at the Gaby Breccia has confirmed the continuity of this sulphide-rich, brecciated subvertical zone at the eastern contact of the blankets and extending for nearly 2 kms in strike length. Drilling was conducted to a depth of 300 meters and the zone appears to be open at depth. The drilling program also confirmed the extension of mineralization at the Northern Blanket (800 x 1,000 meters) and Southern Blanket (200 x 600 meters) located contiguous to the Gaby Breccia and remaining open to the northwest.

These encouraging grades over wide intersections have incited an additional 1,500 meter drilling program to be initiated shortly which will be followed by a new resource calculation to be undertaken by independent consultants. As well, a scoping study is contemplated to assess the property's economic potential. Pukaqaqa exhibits all the characteristics of becoming an open-pittable resource with further potential to expand the resource base laterally and at depth. An underground mining operation could be developed to access the deeper mineralization found in the Gaby Breccia.

The Pukaqaqa deposit was first discovered by Rio Tinto Mining and Exploration Ltd. in 1996 who invested approximately US$7 million in exploration including geological mapping, geochemistry, trenching, geophysics, 17,590 meters of diamond and RC drilling in 91 drill holes and metallurgical studies including flotation and leaching. RT estimated a resource of 2.4 Mt @ 1.04% in the measured, 65.3 Mt @ 0.90% in the indicated category, in addition to an inferred resource of 18.5 Mt @ 0.94% Cu at a 0.5% cut-off:.(1)

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                             Mt      Cu%     Au g/t   Ag g/t
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Gaby Breccia   Measured      2.4     1.04    0.17     2.75
               Indicated    34.9     1.10    0.22     2.73
               Inferred      3.6     1.04    0.19     3.10
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N. Blanket     Indicated    30.4     0.67    0.07     0.55
               Inferred      2.0     0.68    0.07     0.57
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S. Blanket     Inferred     12.9     0.95     0.07    1.94
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Tiomin can acquire a 49% interest in Milpo's option on the Pukaqaqa deposit by contributing US$1 million in exploration funding and a further US$ 1 million towards cash property payments owed to Rio Tinto Mining. After vesting the 49% interest in the option agreement, Tiomin will contribute 49% of the remaining outstanding cash payments, bringing its total acquisition cost to about $3.6 million.

The program was conducted under the supervision of Mr. Louis Gariepy in his capacity as Director of Exploration. Mr. Gariepy is a Geological Engineer and serves as the Qualified Person having read and approved this news release.

Tiomin also holds interests in four large titanium-bearing mineral sands deposits along the coastal Province of Kenya. A bankable feasibility study has been completed on the Kwale deposit located south of Mombasa which is fully permitted and proceeding towards construction later this year.

(1) Disclosure of Historical Estimates: The resources mentioned in this release were calculated by RT in 2001 with analyses having been carried out by the Bondar Clegg Laboratory Group. Further exploration work on the property by Tiomin Resources will be required before reliance can be placed on these estimates.

Certain of the information contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the prices of rutile, zircon and ilmenite, estimated future production, estimated costs of future production, the Company's sales policy and permitting time lines, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of rutile, zircon and ilmenite, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.

NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN

Tiomin Resources Inc. (TSX:TIO)