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Gold/Mining/Energy : TIOMIN brightens your teeth as it whitens your paint -- Ignore unavailable to you. Want to Upgrade?

To: Crane who wrote (47)	9/10/1999 9:01:00 AM
From: Mark Duess	Read Replies (1) \| Respond to of 62

Crane.. here's why we the stock is up. Tiomin Updates Progress On Feasibility Study At Kwale Project TORONTO, CANADA--Tiomin Resources today updated the progress made to date on the bankable feasibility study at its Kwale minerals sands project in Kenya. The study is being coordinated by LTA Engineering of South Africa in conjunction with Ausenco in Australia. LTA/Ausenco in conjunction with Mineral Technologies have completed the preliminary process design for the wet plant and flow sheet design for the mineral processing plant. Conditioning roasting tests with additional magnetic separation have upgraded the ilmenite to produce a higher grade product containing over 51 percent titanium dioxide. Upgrading the ilmenite to greater than 50 percent significantly improves the marketability of the product. The environmental baseline, terms of reference and field validation components of the Environmental Impact Assessment report have been completed and the final report will be presented to the Kenyan government early in the year 2000. Preliminary marketing studies have been completed and the projected timing for the project appears to fit well in the forecasted supply/demand curve. The shipping study has also been completed with positive results. Barclays Capital, who has been appointed as the financial advisers for the Kwale project, is completing its independent technical review as the first stage of the financing. The Kwale deposit, contains a resource of 200 million tonnes of titanium/zirconium bearing minerals sands capable of sustaining a 15-year mine life. The pre-feasibility study completed in 1998 indicates an initial annual production rate of over 300,000 tonnes of ilmenite, 70,000 tonnes of rutile and 38,000 tonnes of zircon. In addition Tiomin has identified three other large titanium mineral sands deposits in Kenya which positions the company to emerge as a significant supplier to the titanium pigment industry. Access previous Tiomin Resources press releases through our Website at: www.tiomin.com -30- FOR FURTHER INFORMATION PLEASE CONTACT: Tiomin Resources Inc. J.C. Potvin President (416) 350-3776, ext. 227 or Tiomin Resources Inc. Bill Cavalluzzo Investor Relations (416) 350-3776, ext. 230 (416) 350-3570 (FAX) E-mail at bcavalluzzo@tiomin.com NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.