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Re:   News Releases - Thursday, February 25, 2009
      Tiomin Corrects and & Responds to Jaguar Press Release
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TORONTO - February 25, 2009: Tiomin Resources Inc.  ('Tiomin' or the
'Company') (TSX: TIO) wishes to correct and clarify the press release
issued today by Jaguar Financial Corp. ('Jaguar') (TSX: JFC).

Jaguar incorrectly states in its press release that Robert Jackson,
President & CEO of Tiomin, is currently also a director of Freegold
Ventures Limited ('Freegold') and then draws a connection with the
extension of the loan by Tiomin to Freegold.  As plainly stated on
SEDI, Mr. Jackson resigned from the board of Freegold prior to the
payment default in January 2009 to remove any conflict between the
interests of Tiomin and Freegold.  Tiomin's shareholders should also
note that the Tiomin loan to Freegold is subordinate to the lead lender
in the United States and that the decision to extend the loan and the
determination of the terms and length of the extension were
unilaterally decided by this lender and not by Tiomin. The Company did
however negotiate to receive the same compensation and terms that the
lead lender received. Tiomin encourages Jaguar to check its facts
before introducing incorrect information into the public domain.

Tiomin's board of directors ('the board') entirely refutes the
insinuation the Company acted improperly in proposing the merger with
Cadiscor Resources Inc. ('Cadiscor').  Tiomin established an
independent committee of the board to review the transaction, had
indications from an investment dealer that the transaction was fair to
Tiomin and obtained a technical due diligence report from Scott Wilson
RPA, a respected international mining consultant, indicating no fatal
flaws with the property.  Mr. Potvin sits on the board of Tiomin and
Cadiscor but it is not abnormal for individuals to sit on the boards of
both companies involved in a transaction.  There are standard
procedures to follow in these circumstances that Tiomin and Mr. Potvin
followed precisely under the advice of counsel.  Mr. Potvin abstained
from voting and recused himself where appropriate.   Tiomin and
Cadiscor mutually agreed to cease negotiations on the proposed
arrangement due to factors that arose following the requisition of a
shareholder meeting by Jaguar.

The board also entirely refutes the insinuation that it did not act in
the interests of the Company and shareholders of Tiomin when it
approved investments in Kivu Gold Corp. ('Kivu'). It notes that
Tiomin's investments in Kivu were fully reviewed by the TSX and have
been determined to be fair by qualified independent third parties, both
for technical merit and fairness.  The independent directors of the
board carefully reviewed the Kivu transactions for fairness to Tiomin's
shareholders and the board is confident that it has represented the
best interests of Tiomin's shareholders in this respect.  All
conflicted individuals abstained from voting.  Given that the
transactions were deemed to be fair, in the opinion of the board, the
interests of Tiomin's shareholders have been fully and fairly
represented.

Tiomin encourages its shareholders to understand the nature and history
of Jaguar when evaluating Jaguar's press releases concerning Tiomin.
Tiomin also notes that certain Jaguar shareholders have requested a
meeting to replace the board of Jaguar, to be held on April 9, 2009.
Jaguar's January 15th news release included the following:

"Mr. Bill Iannaci, Chief Executive Officer of Royal Laser Corporation,
requisitioned a meeting of Jaguar shareholders for the purpose of
removing the current Board of Directors of Jaguar and electing a slate
of directors to be proposed by Mr. Iannaci. Mr. Iannaci's alternate
slate of directors will be considered by shareholders at the Meeting,
along with management's proposed slate of directors. At this time, an
alternative slate of directors has not been proposed by Mr. Iannaci."

Mr. Robert Jackson, President and CEO of Tiomin, commented "The board
of Tiomin has never once failed to act fully in the interests of its
shareholders and is disappointed that Jaguar persists in attempting to
create a negative impression, using incorrect information.  Tiomin has
a solid portfolio of assets that it continues to nurture is these very
difficult times.  We particularly regret that Jaguar is trying to stand
in the way of Tiomin taking advantage of opportunities currently
available in the market."

About Tiomin Resources Inc.

Tiomin is enhancing shareholder value by the acquisition, exploration
and development of industrial mineral, precious and base metal
projects.  Jinchuan Group Limited ('Jinchuan'), one of China's largest
mining companies, owns approximately 18.7% of Tiomin.

Tiomin has four main assets:

1.  approximately $17.3 million of working capital (after the Feb. 20th Kivu Gold Corp. investment);
2.  49% interest in the Pukaqaqa copper and gold project in Peru;
3.  100% interest in the Kwale titanium project in Kenya; and
4.  33.5% interest in Kivu Gold Corporation, a mineral exploration focused on sub-Saharan Africa.

Tiomin's share price currently only reflects the value of its working
capital position and it receives no value for its other assets in Peru
or Kenya. Tiomin has an outstanding memorandum of understanding with
Jinchuan whereby Jinchuan would acquire 70% of Tiomin Kenya Limited
('TKL') a wholly owned subsidiary of Tiomin that owns 100% of the Kwale
titanium project ('Kwale') by contributing US$25 million in cash
directly in TKL and by providing 100% of the financing required to
build and operate Kwale. Under this proposed transaction Tiomin retains
a 30% ownership interest in TKL and its future net cash flow from a
successful Kwale project.

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.

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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
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