Mr. Tim Fernback reports

TEMAS RESOURCES CONFIRMS SUCCESSFUL C$510,000 PRIVATE PLACEMENT

Temas Resources Corp. has closed its previously announced non-brokered flow-through private placement of 1.7 million common shares at a price of 30 cents per share for total gross proceeds of $510,000.

The private placement received strong support from existing cornerstone institutional investors. The proceeds of the financing will be used to advance exploration programs at its North American La Blache and Lac Brule titanium projects in Quebec, Canada, including the further development of Temas metallurgical intellectual property assets.

Tim Fernback, president and chief executive officer of Temas, commented: "The completion of this financing demonstrates continued confidence in our titanium assets and green mineral processing technology platform. We are excited to deploy this capital into advancing our Quebec-based TiO2 projects and metallurgy, unlocking further value for our shareholders."

All securities issued under the financing are subject to a statutory hold period of four months from the closing date in accordance with applicable Canadian securities laws. Cash finders' fees of $30,600 were paid in connection with the financing.

About Temas Resources Corp.

Temas owns a suite of advanced green mineral processing technologies which it is not only applying to its mineral exploration projects in North America but looking to license with industry partners in need of pro-active commercial solutions worldwide. The novel suite of technologies is applicable to many different metals and rare earth elements, and studies have shown that it reduces the environmental impact and carbon footprint of metal extraction while significantly improving operating margins through advanced processing and patented leaching technologies.

Additionally, the company owns 100 per cent of the exclusive mineral rights to two titanium-, vanadium- and iron-bearing properties in Quebec. It is advancing the 208.5 million tonnes inferred of 16.7 per cent TiO2 equivalent La Blache VTM/ilmenite project, where it has consolidated 100-per-cent ownership over three deposit areas. The Farrell-Taylor deposit is the subject of a current preliminary economic assessment showing $6.6-billion net present value discounted at 8 per cent posttax and 60.8-per-cent internal rate of return over a 14-year mine life. Temas is actively exploring exclusive mineral rights to its high-grade Lac Brule hemo-ilmenite-hosted titanium deposit, which is geologically similar to Rio Tinto's TiO2 deposit at the nearby Lac Tio mine in Sorel-Tracy, Que. The critical metals the company is exploring for are central to national mineral independence, and titanium is a key aerospace and defence industry metal.

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