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Trueclaim Announces Private Placement

TRUECLAIM EXPLORATION INC. – (the “Company”) today announces that, subject to regulatory approval, it intends to complete a non-brokered private placement financing (the “Financing”) of up to 16,000,000 units (each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of up to $800,000. Each Unit will consist of one common share of the Company (each, a “Share”) and one share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional Share at a price of $0.05 per Share for a period of two years from closing of the Financing, subject to an acceleration provision whereby, in the event that the Shares trade above $0.15 per Share for a period of fifteen consecutive trading days, the Company may accelerate the expiry date of the Warrants, to a date that is thirty days after the completion of such period.

The proceeds of the Financing will be used for drilling at the Company’s Arizona project and for general working capital. Finders' fees may be payable in connection with the Financing in accordance with the policies of the TSX Venture Exchange.

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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Gila County, USA

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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