NEWS RELEASE
TSX: WTM
August 25, 2009
For Immediate Release NR 09
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WTM ACQUIRES 10 ADDITIONAL PROPERTIES IN THE WEST TIMMINS GOLD DISTRICT
(Vancouver, August 25, 2009)
– West Timmins Mining Inc. (WTM:TSX) (“WTM” or the “Company”) today
announced that it has purchased 100% ownership of 9 highly prospective gold properties, and has entered into an
letter agreement to acquire a 75% interest in an additional project, all located in the West Timmins Gold District.
The West Timmins Gold District is home to the Company’s Thunder Creek and Golden River projects. The new
acquisitions further expand WTM’s already dominant land position in the rapidly evolving West Timmins Camp.
“Given the continued expansion of the Thunder Creek and Golden River systems and the rapid evolution of the
West Timmins Gold District we are very pleased to have been able to expand our land holdings by acquiring well
positioned properties,” said Darin Wagner, President and CEO of West Timmins Mining Inc.
Explorers Package
WTM has entered into a Purchase Agreement with International Explorers and Prospectors Inc., 6070205 Canada
Inc., 6378366 Canada Inc. and Mr. J.C. Bonhomme (collectively “Explorers”) whereby WTM has agree to acquire
100% ownership, subject to certain pre
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existing rights, of 9 properties in 4 blocks in Bristol, Denton and Thornloe
Townships. The acquired property rights include Explorers’ interest in the precious metal rights to the Northshore
Property and Explorers’ 49% interest in the precious metal rights to the Allerston and Allerston AMI Properties
(WTM’s Tide, Wash, Surf, Drift and Wood Properties). The Explorers Package also includes the Thorne East
property which covers the eastern extension of the Golden River Trend and several promising properties which sit
adjacent to WTM’s Hwy 144 and Wakemac Properties.
Under the terms of the Purchase Agreement WTM will, upon completion of title due diligence, receipt of title
transfers and TSX Approval of the transaction issue in favour of the Vendors a total of 1,245,000 common shares
of WTM and 600,000 common share purchase warrants. The share purchase warrants will have a term of 18
months and an exercise price of $2.70 per share. WTM will also reserve, in favour of the Explorers and certain
underlying parties, NSR royalty rights ranging from 1.5% to 3.5%, portions of which can be repurchased by the
Company.
Costello Property – Red Pine Exploration Option
WTM and Red Pine Exploration Inc. have signed a Letter Agreement whereby WTM has the option to earn a 75%
in the Costello Property located in Bristol Township. The Costello Property consists of 9 claims located
immediately east of Lake Shore Gold’s Timmins Mine. The highly prospective Bristol Fault, which intersects the
Thunder Creek Fault proximal to the Timmins Mine, crosses through the Costello Property. Initial work by Red
Pine indicates the presence of gold mineralized quartz
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tourmaline veins – which are an important component of
the Timmins Mine gold system – located in close proximity to the Bristol Fault on the Property.
Under the terms of the Costello Letter Agreement, subject to necessary regulatory approvals, West Timmins may
vest a 75% interest in the Costello Property by making a single cash payment of $150,000 and issuing 150,000
common shares of WTM on receipt of regulatory and board approvals, completion of title due diligence, and by
undertaking $300,000 in eligible exploration expenditures on the Property prior to the 18 month anniversary of
the effective date of the Letter Agreement.
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WTM NR 09
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About West Timmins Mining Inc.
(www.westtimminsmining.com):
WTM is focussed on the exploration and development of district
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scale gold projects in the major gold camps of
North America. The Company is advancing the high
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grade Rusk and Porphyry Gold discoveries on its Thunder
Creek joint venture in Timmins, Ontario and continues to test the nearby 5.0 kilometre long Golden River Trend,
host to 11 known zones of gold mineralization. West Timmins Mining is based in Vancouver, British Columbia,
Canada and trades on the Toronto Stock Exchange under the symbol WTM.
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On behalf of the Board of
West Timmins Mining Inc.
“Darin W. Wagner”
