Tuesday, July 31, 2007

Target Appoints Grandich As Advisor

TARGET EXPLORATION AND MINING CORP. (TSX.V: TEM) (the "Company") is pleased to announce it has engaged Grandich Publications, LLC to assist the Company with the development and implementation of a public and investor relations and communications program.

Grandich Publications, LLC is a New Jersey based public and investor relations firm that will increase the Company's exposure to industry stakeholders and investors. It will be responsible for providing advice to the Company with respect to strategic corporate planning, liaising with investment bankers and reviewing potential acquisitions and mergers.

Under the terms of the consulting agreement, Grandich Publications, LLC will receive a fee of US$2,000 per month for an initial two year term and incentive stock options to purchase up to 100,000 common shares of the Company at a price of $1.00 per share. The options will vest over a two year term and will be subject to the terms and conditions of the Company's stock option plan. The options will expire on the earlier of the 30th day following termination of the agreement or August 1, 2012.

Grandich Publications, LLC and its principal, Peter Grandich, are at arm's length to the Company.

ON BEHALF OF THE BOARD

"Mark J Morabito"

Chief Executive Officer

Target Exploration & Mining Corp. -- Vancouver
T: 604-681-8030
F: 604-681-8039
E: greg@target-mining.com or dan@target-mining.com
www.target-mining.com

This news release contains "forward looking information" that is based on the Company's current expectations, estimates, forecasts and predictions. This forward looking information includes, among other things, statements with respect to exploration, mineralization, business plans, outlook and intended use of proceeds. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward looking information.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this News Release.

Target Exploration and Mining Corp


	CODE : TEM.V

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Target exploration is a exploration company based in Canada.

Target exploration is listed in Canada. Its market capitalisation is CA$ 29.3 millions as of today (US$ 23.6 millions, € 17.4 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.35, and its lowest recent point on February 12, 2016 at CA$ 0.01.

Target exploration has 162 730 000 shares outstanding.

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