FOR IMMEDIATE RELEASE:
August 23, 2010
TRI ORIGIN ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT
Tri Origin Exploration Ltd. (TSX-V: TOE) (the ?Company? or ?Tri Origin?) is pleased to announce a non-brokered private placement financing of up to $472,000. The Company has agreed to issue up to an aggregate of 7,866,667 flow-through shares at $0.06 per share to for gross proceeds of up to $472,000.
Proceeds of this financing will be used to advance exploration at the Company?s Red Lake Extension and Sky Lake gold projects at Red Lake and Pickle Lake respectively, in Northwestern Ontario. Drilling and assaying is planned to follow the results of a successfully completed summer program of geological and geochemical surveying to prioritize drill targets at both properties. Commencement of upcoming drill programs will be announced separately.
Closing of this financing is expected to occur on or before August 31, 2010 and is subject to all required regulatory approvals and consents, execution and delivery of standard documentation including a subscription agreement and, other conditions as specified in the term sheet. All securities issued pursuant to the offering will be subject to a hold period for a period of four months from the date of closing.
For further information, please refer to the Company?s website www.triorigin.com or contact:
Tri Origin Exploration Ltd.
Dr. Robert Valliant, President and CEO
Tel: (905) 727-1779
Web page - www.triorigin.com
E-mail: invest@triorigin.com
Tri Origin Exploration Ltd. is publicly listed on the TSX Venture Exchange under the trading symbol TOE. Tri Origin is a leading Canadian exploration company with gold and base metal projects in Canada. Tri Origin has leveraged exposure to mineral discoveries in Australia through its equity interest in its affiliate, TriAusMin Limited - a publicly traded company listed on the Australian Securities Exchange under the symbol TRO and the Toronto Stock Exchange under the symbol TOR.