Mots clés associés : Botswana | Canada | Copper |

Re: News Release - Monday, April 22, 2013
Title: Tsodilo Resources Limited Closes Private Placement Financing Agreement with First Quantum Minerals

TORONTO, ONTARIO - TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") is pleased to announce that it has closed the Private Placement Financing Agreement (the "Financing') with First Quantum Minerals ("First Quantum") previously announced on April 18, 2013, for gross proceeds to the Company of C$2,500,000.

The Financing is for 2,272,727 units of the Company (the "Units"). Each Unit is comprised of one common share priced at C$1.10 and one common share purchase warrant per unit, each such warrant entitling the holder to purchase one common share of the Company for a period until the close of business on April 22, 2015 at USD$1.21.

The common shares to be issued as a result of the Financing will have a statutory four month hold period expiring on August 23, 2013.

No commissions have been or will be paid in connection with this Financing.

The proceeds of the Financing will be used by Tsodilo for advancement of the Xaudum iron ore and kimberlite projects in Botswana, and for general corporate working capital.

First Quantum, is the sole placee in this Financing and, as a result, will own upon the closing thereof 2,272,727 common shares (representing 7.47% of the issued and outstanding share capital of the Company and up to 13.90% on a partially diluted basis, assuming the exercise of all of First Quantum's warrants granted to date [2,272,727 priced at USD$1.21, expiring April 22, 2015]).

James M. Bruchs (Chairman) commented "We are very pleased to have First Quantum as our strategic partner. The recent combination of the First Quantum and Inmet assets has created one of the world's leading copper producers with a geographically diversified portfolio of high-quality operations and development projects in eight countries across four continents. First Quantum's core strength is discovering, developing and operating mines efficiently and cost effectively and we look forward to working with them to deliver value to all our shareholders".

About Tsodilo Resources Limited

Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic kimberlites and metal deposits at its Newdico (Pty) Limited ("Newdico") and Gcwihaba Resources (Pty) Limited ("Gcwihaba") projects in northwest Botswana. The Company has a 98% stake in Newdico (3,949 km� under Precious Stone - diamond licenses). The Gcwihaba project area: 3,728 km� under Precious Stone - diamond licenses; 14,914 km� Metal (base, precious, platinum group, and rare earth) licenses; and, 6,925 km� under Radioactive Minerals licenses is 100% held by the Company. Tsodilo manages the exploration of both the Newdico and Gcwihaba license areas. The Company has offices in Toronto, Canada and Gaborone and Maun, Botswana. Please visit the Company's website, www.TsodiloResources.com for additional information and background on our projects.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control, which may cause actual results or performance to differ materially from those currently anticipated in such statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

James M. Bruchs	Chairman and Chief Executive Officer	JBruchs@TsodiloResources.com
Dr. Mike de Wit	President and Chief Operating Officer	MdeWit@TsodiloResources.com
Head Office	Telephone +1 416 572 2033	Facsimile + 1 416 987 4369
Website	http://www.TsodiloResources.com

Tsodilo Resources Limited


	CODE : TSD.V

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Tsodilo Resources est une société d’exploration minière basée au Canada.

Tsodilo Resources détient divers projets d'exploration au Botswana, au Bresil et en Republique Centrafricaine.

Ses principaux projets en exploration sont BAMINGUI REGION (BOUNGOU RIVER) en Republique Centrafricaine, BARRA GRANDE / RIO GRANDE au Bresil et NGAMILAND au Botswana.

Tsodilo Resources est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 12,5 millions CA$ (9,2 millions US$, 8,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2004 à 2,95 CA$, et son plus bas niveau récent le 06 avril 2020 à 0,05 CA$.

Tsodilo Resources possède 41 770 000 actions en circulation.

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Tsodilo Resources Limited

CORRECTION FROM SOURCE: Tsodilo Resources Limited Closes Private Placement Financing Agreement with

Tsodilo Resources Limited