Mr. Rob Curtis reports

TINONE ANNOUNCES SHARES-FOR-DEBT TRANSACTION

Tinone Resources Inc. has entered into debt settlement agreements to settle outstanding debt of $172,137.28 owing to certain arm's-length creditors of the company, by issuing 1,229,552 common shares, at a deemed price of 14 cents per common share, to the creditors.

The share-for-debt transaction is subject to all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange. All securities issued for the share-for-debt transaction will be subject to a statutory hold period expiring on the date that is four months and one day after the issue date.

About Tinone Resources Inc.

Tinone is a TSX Venture Exchange-listed Canadian public company with a high-quality portfolio of tin and tungsten projects in the Tier 1 mining jurisdictions of Tasmania, Australia.

We seek Safe Harbor.