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Tyler Resources Inc

Publié le 15 décembre 2007

Alberta Securities Commission Upholds Tyler Rights Plan

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Mots clés associés :   G Mexico | Precious Metals |

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Tyler Resources Inc.
TSX VENTURE:TYS
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December 14, 2007
Alberta Securities Commission Upholds Tyler Rights Plan
CALGARY, ALBERTA--(Marketwire - Dec. 14, 2007) - The Board of Directors of Tyler Resources Inc. ("Tyler" or the "Company") (TSX VENTURE:TYS) announced today that the Alberta Securities Commission (ASC) has dismissed the application of Mercator Minerals Ltd. to cease trade Tyler's Shareholder Rights Plan. As a result, Tyler's Rights Plan remains in place.

The ASC, in a news release, stated, "The ASC panel indicated that dismissing the application was in the interests of Tyler shareholders."

Tyler is continuing to actively discuss potential value-enhancing transactions with a number of third parties. Today's decision will enable Tyler to continue that process.

The decision followed a hearing at the ASC earlier today. The hearing was requested by Mercator, which has made a hostile takeover bid for Tyler and challenged the Tyler Rights Plan. As a result of the ASC decision, Mercator will not be able to take up any shares of Tyler under its offer, the current expiry date of which is December 17, 2007. Under the ASC's decision, Mercator may not apply again to the ASC to challenge the Rights Plan until after January 8, 2008.

Update on the Mercator Offer

The Tyler Board maintains its unanimous recommendation that shareholders should reject the Mercator Offer and not tender their shares. If shareholders have already tendered to the Mercator Offer, the Board recommends that shareholders withdraw them immediately. For assistance in doing so, shareholders are urged to contact Kingsdale Shareholder Services Inc. at toll free 1-866-639-3460.

About Tyler Resources Inc.

Tyler Resources Inc. is a well-funded Canadian junior exploration company focused on base and precious metals exploration in Mexico. Tyler's primary project is the Bahuerachi property, which hosts Mexico's fourth largest mineralized porphyry deposit. As part of its ongoing drill program, the Company has now drilled in excess of 52,000 meters of combined diamond and reverse circulation drilling since 2004, making it one of the most active Canadian junior exploration companies operating in Mexico. For more information, visit www.tylerresources.com.

Jean-Pierre Jutras, Director, President and Chief Executive Officer

Reader Advisory - Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates", will and similar expressions, are forward-looking information that represents management of Tyler's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Tyler. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Tyler's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Tyler's filings with the Canadian securities authorities. Accordingly, holders of Tyler shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Tyler disclaims any responsibility to update these forward-looking statements.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Corporate Contacts
Tyler Resources Inc.
Jean Pierre Jutras
President/CEO/Director
(403) 269-6753 or Toll Free: 1-888-237-7898

or

Media Contacts
Longview Communications
Alan Bayless
(604) 694-6035

or

Longview Communications
David Ryan
(604) 694-6031

or

Shareholder Information
Kingsdale Shareholder Services Inc.
Toll Free: 1-866-639-3460

INDUSTRY: Manufacturing and Production - Mining and Metals

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Tyler Resources Inc

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CODE : TYS.V
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Tyler Resources est une société d’exploration minière basée au Canada.

Tyler Resources détient divers projets d'exploration au Canada et au Mexique.

Ses principaux projets en exploration sont CARAT PROPERTY, WEEDY LAKE, KELSEY (ICE CLAIMS) et KELSEY au Canada et BAHUERACHI au Mexique.

Tyler Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 179,4 millions CA$ (174,9 millions US$, 113,9 millions €).

La valeur de son action a atteint son plus bas niveau récent le 27 juin 2003 à 0,03 CA$, et son plus haut niveau récent le 28 janvier 2005 à 2,18 CA$.

Tyler Resources possède 113 513 378 actions en circulation.

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Présentations des Compagnies de Tyler Resources Inc
26/10/2007New Corporate Presentation and Field Update
Projets de Tyler Resources Inc
14/02/2008(Bahuerachi)Increases Land Position by 78%
07/02/2008(Bahuerachi)Reports Continued Stepout Drilling Results
29/11/2007Reports Stepout Drilling, Highlights Significant Additional ...
14/11/2007 Drills New High Grade Discovery in Mexico, Including Meters...
08/11/2007(Bahuerachi)2007 Technical report
02/08/2007REPORTS CONTINUING BAHUERACHI DRILL RESULTS
05/07/2007Samples 55 Meters Grading 8.8% Zinc, 0.25% Copper, 8.7 g/t S...
13/06/2007Drill results from its ongoing drill program at the Bahuerac...
23/05/2007More than Triples Measured and Indicated Copper Mineral Inve...
08/02/2007reports drill results at Bahuerachi
31/03/2006announces further porphyry intersects at Bahuerachi,…
24/02/2006Announces further porphyry intersects at Bahuerachi…
Communiqués de Presse de Tyler Resources Inc
05/02/2008Jinchuan Bid Circular and Tyler Resources Directors' Circula...
07/01/2008Acquire Tyler Resources for CDN$1.60 Per Share
15/12/2007Alberta Securities Commission Upholds Tyler Rights Plan
10/12/2007 Provides Update on Shareholder Rights Plan
06/12/2007 Mails Letter to Shareholders; Reiterates Recommendation to ...
12/11/2007 Board of Directors Unanimously Recommends Shareholders Reje...
09/11/2007ENGAGES FINANCIAL AND LEGAL ADVISORS
22/10/2007RECEIVES UNSOLICITED PROPOSAL
27/09/2007Preliminary Economic Assessment Bahuerachi Mexico
14/09/2007Requested Voluntary Termination of US Registration Under the...
18/04/2007reports drill results including 16.72m grading 1.65% copper
15/03/2007Completes Financing
27/02/2007Exercise of over-allotment options
07/06/2006secures 10 year surface rights agreement at Bahuerachi
01/06/2006announces retention of associated mining consultants for pre...
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