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Abstract
(CCNMatthews - May 31, 2006) - Tiomin Resources Inc. ("Tiomin" or the "Company") (TSX:TIO) is pleased to announce that an additional 14,000 meter drilling program has been approved by our joint venture partner, Compania Minera Milpo S.A.A.("Milpo") on the Pukaqaqa copper-gold project in Peru. The objective of the program is firstly to convert a significant portion of the Inferred resource (estimated at 1.52 billion pounds of copper and 354,000 ounces of gold) into the Measured and Indicated categories (currently estimated at 202 million pounds of copper and 39,000 ounces of gold), and secondly to further expand the known resources and compile sufficient geotechnical and metallurgical data necessary to initiate a feasibility study. The Pukaqaqa option, in which Tiomin has earned 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.
Milpo, the project operator, is a Peruvian mining company listed on the Lima Stock Exchange, and a well known operator of copper, zinc and lead mines. Milpo has an excellent track record in the development and operation of low cost mines, such as the El Porvenir mine in Cerro de Pasco, the Chapi copper mine and the Cerro Lindo polymetallic project and the Ivan copper mine in Chile.