Vaaldiam Mining Inc.

Published : February 20th, 2009

Provides General Update

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Keywords :   China | Copper | Gold | Kenya | Lead | Market | Market Conditions | Reality |
=======================================================================
Re:   News Release - Thursday, February 19, 2009
      Tiomin Provides General Update
=======================================================================

TORONTO -- February 19, 2009: Tiomin Resources Inc. (TSX: TIO)
('Tiomin' or the 'Company') announced a number of updates regarding its
strategy and the significant developments to date in 2009. The updates
address the status of the following:
a) China exploration activity suspended;
b) Jinchuan Group ('Jinchuan') acquisition of 70% of Tiomin Kenya
Limited ongoing; and
c) Merger and acquisition strategy.

a) China -- Subsequent to Tiomin's September 2008 acquisition of
Radiant Resources Inc. its 'Chinese-Foreign Co-operative Joint Venture'
company Xinjiang Pacific Resources Corporation ('XPR') continued
exploration work. Due to changing market conditions and other strategic
priorities the Company's management decided, on February 18, 2009, to
suspend further exploration activities in the area. As a result,
charges for impairment in value of mineral properties and deferred
exploration of $2.144 million and $3.085 million were recorded
effective December 31, 2008. The Company is actively seeking another
joint venture partner or other investor in order to obtain future value
from the XPR investment.

b) Jinchuan acquisition of 70% of Tiomin Kenya Limited -- Jinchuan
continues to co-operate with Tiomin while negotiating the required
assistance and support from the Government of Kenya ('GoK') necessary
to reach a definitive investment agreement and make the Kwale Mineral
Sands project a reality. The Company continues to honour the Memorandum
of Understanding while Jinchuan provides monthly contributions to
maintain the existing 'care and maintenance' operations in Kenya.
Further information will be released when the GoK meet the requirements
of the project to Jinchuan's satisfaction.

c) Merger & Acquisition Strategy -- Tiomin, as previously stated, is
actively reviewing merger and acquisition ('M&A') opportunities created
by the combined impact of changing commodity prices and difficult
capital markets.  Although the proposed transaction with Cadiscor
Resources was subsequently terminated by mutual agreement of the two
companies, Tiomin believes its M&A strategy will lead to value
creation. Companies with producing or near-producing assets that may be
having difficulty raising the modest amounts of capital required to
start production are potential merger candidates for Tiomin.


Bob Jackson, President and CEO, commented that "The Company continues
to actively and diligently pursue exploration and investment
opportunities to enhance shareholder value and we expect that the
Company's present Board of Directors and management team will generate
the desired results in 2009."


To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.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 constitutes
'forward-looking statements' within the meaning of securities laws. 
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements 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 documents of the Company filed from time to
time with the Ontario Securities Commission.

=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO)  All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
.
<
Data and Statistics for these countries : China | Kenya | All
Gold and Silver Prices for these countries : China | Kenya | All

Vaaldiam Mining Inc.

PRODUCER
CODE : VAA.TO
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Vaaldiam Mining is a copper development stage company based in Canada.

Vaaldiam Mining produces copper, diamonds in Brazil, and holds various exploration projects in Brazil, in Canada, in Central African Republic, in Peru and in South Africa.

Its main asset in production is DUAS BARRAS in Brazil and its main exploration properties are KILIFI and MAMBRUI in Kenya, HILLTOP PROPERTY in Canada, PUKAQAQA in Peru, ZUURVERDIEND and BOSSIESLAAGTE in South Africa and KIMBERLITE in Central African Republic.

Vaaldiam Mining is listed in Canada. Its market capitalisation is CA$ 140.6 millions as of today (US$ 143.1 millions, € 103.6 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.70, and its lowest recent point on December 24, 2008 at CA$ 0.01.

Vaaldiam Mining has 502 264 000 shares outstanding.

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Nominations of Vaaldiam Mining Inc.
10/2/2007 Appoints Director
6/18/2007Completes Jinchuan Investment, Appoints Director
Financials of Vaaldiam Mining Inc.
5/3/2012Reports 2012-Q1 Financial Results
3/16/2012Reports 2011 Financial Results
6/15/2011Reports 2011-Q1 Financial Results
3/28/2011Reports 2010 Financial Results
11/16/2010Vaaldiam Reports 2010 Q3 Financial Results
7/31/2009Reports Second Quarter Financial Results Seeks Merger To Exp...
11/11/2008TEST 1: Tiomin Reports 2008 Q3 Financial Results
Project news of Vaaldiam Mining Inc.
4/7/2011(Brauna)Positive Preliminary Assessment at Brauna
3/4/2011(Brauna)Agrees to Acquire 51% of Brauna Property
8/31/2009(Kwale)& Jinchuan Sign Important Project Development Agreement in K...
9/8/2008(Kwale)Jinchuan Board Approves Tiomin Kenya Purchase
5/12/2008(Pukaqaqa)Adds Exploration Land In Peru And Updates Status In Kenya
10/25/2007(Pukaqaqa) Increases Measured & Indicated Copper & Gold Resources at P...
5/9/2007(Pukaqaqa)Reports Final Drill Results from 2006-07 Program at Pukaqaqa...
4/20/2007Reports First Drilling Results from 15,500 Meter Program at ...
Corporate news of Vaaldiam Mining Inc.
6/28/2012Receives Court Approval of Plan of Arrangement
6/21/2012Announces Results of Shareholder Meeting
6/14/2012Provides Update on Sale of Flemish Shares and Receives Posit...
4/19/2012BCKP Limited Agrees to Acquire Vaaldiam Mining Inc. for CDN$...
10/3/2011(Brauna)Converts Brauna Equity Stake to Royalty
8/4/2011(Brauna)Reduces Costs and Defers Brauna Payment
5/5/2011Investment Flemish Gold Corp. Raises $10 Million for Gold Ex...
4/26/2011(Kimberlite)to Expedite Brauna & Focus on Kimberlites
4/14/2011(Brauna)Files Brauna Technical Report on Sedar
3/25/2010Changes Company Name to Vaaldiam Mining Inc.
2/25/2010Signs Sale Agreement for Kenya Assets
10/2/2009Closes Freegold Debt Conversion Transaction And Updates Stat...
9/16/2009Makes Progress Towards Completing Key Conditions For 70% Sal...
9/12/2009-- Early Warning Report
9/8/2009to Increase Gold Exploration Portfolio
7/23/2009Announces Settlement With Jaguar Financial
7/20/2009Announces Freegold Defaults On Loan
5/26/2009CEO outlines corporate strategy and focus for 2009 at compan...
5/19/2009Reminds Shareholders to Vote Their Blue Proxy
3/5/2009Schedules Annual and Special Meeting of Shareholders for May...
3/3/2009Refutes Jaguar Claims, has Support of Jinchuan & Seeks Major...
2/27/2009Summarizes Kivu's Exploration Activities
2/25/2009Corrects & Responds to Jaguar Press Release
2/19/2009Will Not Proceed With Proposed Business Combination
2/10/2009Business Combination
2/20/2009Invests in Kivu Gold Corp.
2/20/2009Provides General Update
2/17/2009Receives Requisition for Shareholder Meeting From Jaguar Fin...
1/14/2009Announces Tsx Approval Of Normal Course Issuer Bid
1/14/2009Extends Freegold Ventures' Bridge Loan
1/7/2009Comments on 2009 Outlook & Strategy
1/2/2009Makes Changes to Board of Directors
12/10/2008Adopts Shareholder Rights Plan
11/7/2008Jinchuan Delays Closing of Kwale Transaction
9/27/2008Announces Closing Of Radiant Business Combination
8/22/2008Provides Bridge Loan to Freegold Ventures
7/29/2008and Jinchuan Sign Agreement to Develop the Kwale Titanium Pr...
5/28/2008 Announces Proposed Acquisition Of Radiant Resources Inc.
7/3/2007Explores Brazilian Opportunities, Signs Agreement
6/12/2007Shareholders Approve Jinchuan Group Ltd. Investment, Company...
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TORONTO (VAA.TO)
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Produces Diamonds
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Explores for Copper - Diamonds - Gold - Ilmenite - Molybdenum - Rutile - Silver - Zircon
 
 
 
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