Jinchuan Board Approves Tiomin Kenya Purchase

Tiomin Resources Inc. (‘Tiomin’ or the ‘Company’) (TSX: TIO) is pleased to announce that the board of directors of Jinchuan Group Limited (‘Jinchuan’) has approved the Memorandum of Understanding (‘MOU’) in which Jinchuan acquires 70% of Tiomin Kenya Limited (‘TKL’), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project (‘Kwale’ or ‘the project’), for US$25 million invested into TKL.

Jinchuan’s board also authorized its management to cooperate with Tiomin to finalize the definitive documentation and address any related issues. This positive step sets the stage to close the transaction by November 1, 2008 as anticipated in the MOU and announced on July 29, 2008.

Under the terms of the MOU, Jinchuan will procure all financing, on normal commercial terms, to develop Kwale. Additional information regarding the transaction is contained in the July 29th press release: ‘Tiomin and Jinchuan sign agreement to develop the Kwale Titanium Project’.

Mr. Robert Jackson, CEO of Tiomin, commented “We are making good progress with many of the steps required to close the transaction on schedule. However, Tiomin and Jinchuan have made it clear in writing to the Government of Kenya (‘GoK’) that it must complete the outstanding Conditions Precedent that caused Tiomin’s last attempt to finance and develop Kwale to fail. Wrong and misleading information, attributed to GoK officials, claiming that Tiomin has insufficient cash resources and the GoK has completed all the required actions, routinely appear in the media in Kenya. These claims are grossly incorrect. Jinchuan’s funding and building of the project is dependent upon the GoK honouring its commitments. The responsibility for success or failure now rests firmly with the bureaucrats of the GoK who must complete their work for the deal to close”.

About Jinchuan Group Limited

Jinchuan is a major integrated non-ferrous metallurgical company engaged in mining, concentrating, smelting and chemical engineering that produces nickel, copper, cobalt, rare and precious metals and also some chemical products such as sulfuric acid, caustic soda, liquid chlorine, hydrochloric acid and sodium sulfite, together with some further processed nonferrous metals products. Jinchuan’s output of nickel and platinum group metals respectively accounts for more than 90% of China’s total production.

About Tiomin Resources Inc.

Tiomin is maximizing shareholder value by the acquisition, exploration and development of industrial mineral, gold and base metal projects. Jinchuan, one of China’s largest mining companies, owns 20% of Tiomin.

Tiomin has three main assets: $23.7 million of cash at June 30, 2008, a 49% interest in the Pukaqaqa copper and gold project in Peru and a 100% interest in the Kwale titanium project in Kenya. Tiomin’s share price currently only reflects the value of its cash position and it receives no value for its other assets in Peru or Kenya. Tiomin is also working to optimize the value of its shares by acquiring, or investing in, other prospective exploration properties.

Tiomin and its 51% partner at Pukaqaqa, Compania Minera Milpo S.A. (‘Milpo’), have an existing NI 43-101 measured and indicated copper resource and scoping study at Pukaqaqa, and also recently expanded its land position through the acquisition of the Puka Sur property. Tiomin and Milpo plan an extensive exploration program in 2008/9 aimed at increasing the resources. Mineral resources of the Pukaqaqa deposit are classified as Measured, Indicated and Inferred. Measured and Indicated Resources, using a cut-off of 0.3% Cu, have been evaluated at 99,147,000 tons @ 0.56% Cu and the Inferred Resources total 58,662,000 @ 0.60% Cu.

The table below, which should be read in conjunction with the full report, presents the results obtained by Milpo and validated by Met-Chem Canada Inc. in the NI 43-101 compliant Technical Report prepared by Guy Saucier, Eng. Senior Geological Engineer and Project Manager. The full report was filed on December 7, 2007 and is available on SEDAR.

 ———————————————————————– —- Resource Category (i)  Cut-off                    Total                    ———————                  ————————————                          Cu(%)  Tonnes                                                                        (000)  Cu(%)  Au (g/t)  Mo (ppm) Ag (g/t) ————————————————————————— Measured                  0.3    2,793   0.62      0.08        78     1.64                           0.4    2,190   0.70      0.09        73     1.74 ————————————————————————— Indicated                 0.3   96,355   0.55      0.09       108     1.69                           0.4   62,867   0.66      0.10       106     1.78 ————————————————————————— ————————————————————————— Measured & Indicated      0.3   99,147   0.56      0.09       107     1.69                           0.4   65,056   0.67      0.10       105     1.78 ————————————————————————— Inferred                  0.3   58,662   0.60      0.11       106     2.30                           0.4   39,014   0.73      0.13       101     2.47 ————————————————————————— 

In Kenya, TKL’s obligations under Kwale’s mining lease remain subject to Force Majeure while the GoK completes the remaining conditions that will be required by lenders to finance Kwale. Tiomin expects that with Jinchuan’s acquisition of a 70% interest in TKL, the Kwale project will be developed and that the GoK will improve its efforts to be more efficient in completing the remaining items to ensure the construction and development of the project.

Tiomin also owns a 17.9% interest in Kivu Gold Corporation, a company focused on mineral exploration in sub-Saharan Africa.

Tiomin also expects to complete by October 1, 2008 its previously announced transaction with Radiant Resources Inc. (‘Radiant’) (TSX VENTURE: RRS). Radiant is a base metals and gold exploration company focused on the Altay Shan mineral belt in Xinjiang Province in northwestern China. Radiant is in partnership with Baodi, which is owned by the provincial government. Radiant and Baodi own a joint venture company, Xinjiang Pacific Resources (‘XPR’), which owns the portfolio of exploration properties that are of interest to Tiomin. Radiant has satisfied the contractual requirements to increase its ownership of XPR from 51% to 70% and is in the process of registering this change. Radiant has a right to earn up to 90% of XPR.

To find out more about Tiomin Resources Inc. and Jinchuan Group Ltd., please visit the company websites at www.tiomin.com and www.jnmc.com.

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 respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company’s sales policy, 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 forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual 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.

 Contacts: Tiomin Resources Inc. Jim O’Neill VP Corporate Controller and Investor Relations (416) 350-3779, ext. 231 Email: joneill@tiomin.com Website: www.tiomin.com

SOURCE: Tiomin Resources Inc.