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Trueclaim Announces Closing of First Trance of Private Placement

TRUECLAIM EXPLORATION INC. – (the “Company”) announces that it has completed the first tranche of its previously announced private placement financing (the “Financing”), as described in its News Releases of January 22, 2013 and February 5, 2013, pursuant to which it has issued an aggregate of 3,646,666 units (each, a “Unit”) for aggregate gross proceeds of $218,799.96. Each Unit consisted of one common share (each, a “Share”) and one Share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one Share at a price of $0.10 per Share for one year from the date of issuance. The Company expects to close
additional tranches of the Financing in the next few days.


The proceeds from the sale of the Financing will be used for working capital and property payments.


All securities issued in connection with the Financing will be subject to a statutory four month hold period. None of the securities sold in connection with the Financing will be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.


TRUECLAIM EXPLORATION INC.


Per: “Byron Coulthard”
Byron Coulthard
President & CEO
604.657.7004


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Scadding Property, Canada
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Contact

Corporate Office
Trueclaim Explorations Inc.
999 Canada Place Suite 404
Vancouver, BC V6C 3E2

Investor Relations
Byron Coulthard
Tel: (604) 662-3230
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.

Vision

Trueclaim Explorations Inc. strives to be recognized as a global leader in sustainable mining by supporting the communities where we operate

Values

The Company follows four universal values: Teamwork, Environmental Responsibility, Learning Environment & Do The Right Thing