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Re:   News Release - Friday, November 07, 2008
      Jinchuan Delays Closing of Kwale Transaction
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TORONTO - November 7, 2008 - Jinchuan Group Limited ('Jinchuan') has
informed Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO)
that it will not close the transaction described in the Memorandum of
Understanding ('MOU') press released on July 29 2008 because it is
still doing due diligence.  In the proposed transaction, Jinchuan
acquires of 70% of Tiomin Kenya Limited ('TKL'), a wholly owned
subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project
('Kwale' or 'the project'), for US$25 million invested into TKL and a
commitment to finance and build the project, subject to positive
economics.  The MOU scheduled the transaction to close on November 1.
In addition, Jinchuan notes that the Government of Kenya ('GoK') has
not completed the remaining bureaucratic steps required for the
transaction to close.  Representatives from Jinchuan and Tiomin
recently travelled to Kenya to meet with government officials working
to resolve issues delaying the transaction. 

Robert Jackson, President and CEO of Tiomin said "Tiomin's management
shares our investors' extreme frustration at this unreasonable delay.
Tiomin has acted in good faith and we are very disappointed.  If the
closing continues to be delayed, we will consider terminating the MOU
on the grounds of unreasonable delay".
 
Tiomin will issue another press release when further material
information is available.

To find out more about Tiomin Resources Inc. and Jinchuan Group Ltd.,
please visit the company websites at www.tiomin.com and www.jnmc.com.

For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext.  231

Certain of the information contained in this news release constitute
'forward-looking statements' within the meaning of the Private
Securities Litigation Reform Act of 1995.   Such forward-looking
statements, including but not limited to those respect to the prices of
metals and minerals, estimated future production, estimated costs of
future production and the Company's sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements. 
Such factors include, among others, the actual prices of copper and
gold, the actual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's
documents filed from time to time with the Ontario Securities
Commission.

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Copyright (c) 2008 TIOMIN RESOURCES INC. (TIO)  All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
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