Tinka's Channel Sampling Confirms Presence of Large Silver System at Colquipucro Project in Peru, Including 25m Averaging 171 g/t Silver

Vancouver, Canada, November 7 (ots/PRNewswire) -

- TSXv - TK; Frankfurt - TLD; Pinksheets - TKRFF

Mr. Andrew Carter, President, is pleased to announce further
results of the underground channel samples taken from the 3870 level
adit on the Company's 100% owned 2,079 hectare Colquipucro project in
west-central Peru. Little is known about the history of the property,
but it is believed to have been mined for silver in the early part of
the Twentieth Century. The Colquipucro mining district is located 190
km NE of Lima, within the richly mineralised Zn-Pb-Ag Belt of Central
Peru. The project lies 25 km northwest of the famed Cerro de Pasco
and Colquijirca Pb-Zn-Cu mines, 35 km east of the Raura Cu-Pb-Zn-Ag
mine, and 25 km southwest of Buenaventura's 150 million ounce
Uchuccahacua Ag mine.

Numerous east-west trending and steeply northerly dipping
fault/breccia zones crosscut the adit at fairly regular intervals
along its length. The host rock is a banded sandstone unit of the
Chimu Formation which has been extensively fractured between the
adjacent fault zones, resulting in a series of parallel,
closely-spaced fractures resembling a stockwork texture. Surface
workings along these faults have been traced over approximately 500m
in strike length to at least 300m north-south.

A total of 127 samples were taken over a 245m length along the
adit at regular 2m intervals, except where either narrow high grade
shear zones or pillars occur at old workings. It appears that the
mineralising event that produced the high grade silver mineralisation
along the fault zones also produced mineralisation over large widths
in the intervening host rock. Anomalous lead and zinc values occur
with the high grade silver. These faults and fractures are filled
with limonites derived from sulphides and no associated vein
material, like quartz, carbonates or barite, are observed.

A summary of significant intercepts, using a 30 g/t Ag cut-off, is
shown below.

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From (m) To (m) Width (m) Average Ag (g/t)
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30 37.5 7.5 103
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58 66.6 8.6 71
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66.6 68 1.4 working
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68 88 20 70
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96 121 25 171
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121 138 17 collapse
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138 146 8 253
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Including 140 140.5 0.5 1,033
-------------------------------------------------------------------------
225 229 4 153
-------------------------------------------------------------------------
Including 225 225.7 0.7 439
-------------------------------------------------------------------------

A program of surface trench sampling, using a diamond saw to cut
channels in the bedrock, is underway with the sample lines being up
to 300m long and spaced 100m apart.

The property was just recently visited by John Nebocat, the
Company's Q.P. Fifteen samples were also taken by Mr. Nebocat of some
of the higher grade samples from the adit for check analysis at
International Plasma Labs Ltd in Vancouver.

During this visit, another zone of interest was discovered
approximately 200m northeast of the area currently being explored.
This area contains limonite and manganese "clinker" derived from what
appears to have been fairly massive sulphides over widths ranging
from 30m to 80m. The Company's Peruvian geological staff indicate
that this type of gossan is similar to those found in and around some
of the deposits of the famous Cerro de Pasco mining camp located to
the southeast.

Due to these very encouraging results, the Company has staked an
additional six claims around the existing property. Further
exploration will be conducted on the new ground in conjunction with
the detailed sampling program being performed on the main target
area.

Mr Carter comments "We are very pleased that these new results of
wide intervals of mineralisation in the intervening host rock to the
veins, further supports our belief that there is a large silver
system at Colquipucro. The newly discovered zone of interest also
expands the potential of this project".

The Company's Qualified Person, John Nebocat (P.Eng.), has visited
the Colquipucro project and has reviewed and approved the contents of
this press release.

Forward Looking Statements. This Company news release contains
certain "forward-looking" statements and information relating to the
Company that are based on the beliefs of the Company's management as
well as assumptions made by and information currently available to
the Company's management. Such statements reflect the current risks,
uncertainties and assumptions related to certain factors including,
without limitations, competitive factors, general economic
conditions, customer relations, relationships with vendors and
strategic partners, the interest rate environment, governmental
regulation and supervision, seasonality, technological change,
changes in industry practices, and one-time events. Should any one or
more of these risks or uncertainties materialise, or should any
underlying assumptions prove incorrect, actual results may vary
materially from those described herein. Neither the TSX Venture
Exchange nor the Frankfurt Deutsche Börse have reviewed the
information contained herein, and, therefore, do not accept
responsibility for the adequacy or accuracy of this release.

Website: www.tinkaresources.com

ots Originaltext: Tinka Resources Limited
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Investor information contact: Nick L.
Nicolaas, at +1-604-657-4058, or email: nick@mininginteractive.com