Vaaldiam Mining Inc.

Published : September 27th, 2008

Announces Closing Of Radiant Business Combination

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Keywords :   Canada | China | Copper | Gold | Kazakhstan | Kenya | Peru | Portugal | Spain | Titanium |
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      Tiomin Announces Closing Of Radiant Business Combination
=======================================================================

TORONTO - September 26, 2008 - Tiomin Resources Inc. ('Tiomin' or the
'Company') (TSX: TIO) is pleased to announce the completion of the
previously announced business combination between Tiomin and Radiant
Resources Inc. ('Radiant') (TSX-V: RRS) (the 'Transaction').

Under the terms of the Transaction, Tiomin has acquired all of the
outstanding common shares, common share purchase warrants and
compensation options of Radiant in exchange for common shares, common
share purchase warrants and compensation options of Tiomin, as
appropriate.  In particular, holders of common shares and common share
purchase warrants of Radiant will receive one Tiomin common share or
common share purchase warrant in exchange for one Radiant common share
or common share purchase warrant, as the case may be, held immediately
prior to the effective date of the Transaction (the "Effective Date").
Holders of compensation options of Radiant will receive one unit (a
"Unit") for every one compensation option of Radiant held immediately
prior to the Effective Date, each Unit consisting of one common share
of Tiomin and one common share purchase warrant of Tiomin. Options of
Radiant will be exchanged for options of Tiomin at the sole discretion
of the Corporation.

As at September 25, 2008, the share capital of Radiant consisted of
30,044,988 common shares on an undiluted basis, and 42,328,953
calculated on a fully diluted basis.  Tiomin issued approximately
28,898,635 million common shares to Radiant shareholders and has
reserve an additional 9,608,509 common shares for issuance upon
exercise of the common share purchase warrants and compensation options
issued to Radiant securityholders.  Following the completion of the
transaction, Tiomin has an aggregate of 474,263,803 common shares
outstanding. The common shares of Tiomin issued in connection with the
transaction are listed on the Toronto Stock Exchange.  The common
shares of Radiant will be halted today and will subsequently be
de-listed from the TSX Venture Exchange.

Rationale for the Transaction
Tiomin has cash and seeks good quality exploration properties.  Radiant
has a portfolio of exploration properties in the Altay Shan mineral
belt in Xinjiang, northwestern China, in an area with a known history
of mining activity.  Radiant has established a joint venture with
Xinjiang Baodi Mining Co. (Baodi), which is owned by the provincial
government.  Radiant and Baodi own a joint venture company, Xinjiang
Pacific Resources Corporation ('XPR'), which owns the portfolio of
exploration properties that are of interest to Tiomin.  Radiant has
satisfied the contractual requirements to increase its ownership of XPR
from 51% to 70% and is in the process of registering this change.
Radiant has a right to earn up to 90% of XPR.  

Recent geophysics by Radiant identified prospective exploration targets
in proximity to the underground Ashele Mine ('Ashele'), which is a
Volcanic Massive Sulfide ('VMS') type mine.  Ashele is reported in
China to contain 36 million tonnes of ore grading 2.43% Cu, 1.08% Zn
and 0.45 g/t Au.  In other locations around the world, VMS mines are
found to occur in clusters.  Examples are the South Urals region of
Russia, the Iberian Pyrite Belt in Spain and Portugal, the Bathurst and
Noranda areas of Canada and the Rudny Altay region of Kazakhstan and
Russia.  Radiant believes that the area around Ashele is under-explored
and may contain other VMS deposits.  Radiant's competent team in China
provides a strong platform for acquiring and developing a minerals
exploration portfolio that could realize synergistic benefits with
Tiomin's largest shareholder, Jinchuan Group Limited ('Jinchuan'), one
of China's largest mining companies.

About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration
and development of industrial mineral, gold and base metal projects.
Jinchuan, one of China's largest mining companies, owns 20% of Tiomin.


Tiomin has three main assets: $23.7 million of cash at June 30, 2008, a
49% interest in the Pukaqaqa copper and gold project in Peru and a 100%
interest in the Kwale titanium project in Kenya.  Tiomin's share price
currently only reflects the value of its cash position and it receives
no value for its other assets in Peru or Kenya.  Tiomin is also working
to optimize the value of its shares by acquiring, or investing in,
other prospective exploration properties. 

Tiomin and its 51% partner at Pukaqaqa, Compa�ia Minera Milpo S.A.
('Milpo'), have an existing NI 43-101 measured and indicated copper
resource and scoping study at Pukaqaqa, and also recently expanded its
land position through the acquisition of the Puka Sur property. 
Tiomin and Milpo plan an extensive exploration program in 2008/09 aimed
at increasing the resources.

In Kenya, TKL's obligations under Kwale's mining lease remain subject
to Force Majeure while the GoK completes the remaining conditions that
will be required by lenders to finance Kwale. Tiomin expects that with
Jinchuan's planned acquisition of a 70% interest in TKL, the Kwale
project will be developed. 

Tiomin also owns a 17.9% interest in Kivu Gold Corporation, a company
focused on mineral exploration in sub-Saharan Africa.

To find out more about Tiomin Resources Inc. and Radiant Resources
Inc., please visit the company websites at www.tiomin.com.

For further information on Tiomin please contact:    
Jim O'Neill, VP Corporate Controller & Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext.  231


NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY
HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.  THE TSX
VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ACCURACY OF THIS PRESS RELEASE

Certain of the information contained in this news release constitute
'forward-looking statements' within the meaning of the Private
Securities Litigation Reform Act of 1995.   Such forward-looking
statements, including but not limited to those in respect of the
completion of the Transaction, the prices of metals and minerals,
estimated future production, estimated costs of future production and
the Company's sales policy, involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements.   Such factors include,
among others, variation or fluctuations in the actual prices of copper
and gold, variation in the actual results of current exploration,
delays or changes in development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the Company's documents filed from time to time
with the Ontario Securities Commission.

=======================================================================
Copyright (c) 2008 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 : Canada | China | Kazakhstan | Kenya | Peru | Portugal | Spain | All
Gold and Silver Prices for these countries : Canada | China | Kazakhstan | Kenya | Peru | Portugal | Spain | 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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Produces Diamonds
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Explores for Copper - Diamonds - Gold - Ilmenite - Molybdenum - Rutile - Silver - Zircon
 
 
 
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