Ed's Thread

[Arctec]

Toronto, Canada. February 1, 2007. Tiomin Resources Inc. ("Tiomin" orthe "Company") (TSX: TIO) announces that it is continuing to negotiateand finalize the formal agreement with ATW Venture Corp. ("ATW")providing for the transaction announced on January 26, 2007. Tiominand ATW have agreed to extend the deadline for execution of a formalagreement and for ATW to make the initial US$2.5 million payment toTiomin from January 31 to February 2, 2007. On January 26, 2007, Tiomin entered into a letter of intent with ATWproviding for the grant to ATW of an option to acquire up to a 50%interest in Tiomin's Kenyan mineral sands projects (the "KenyaProjects"), including the Kwale project, for US$35 million. Inaddition, the letter of intent provides for ATW to have an option toacquire a 50% interest in Tiomin's Tanzanian exploration projects forUS$3 million. The letter of intent provides that ATW has the option toacquire a 10% interest in the Kenya Projects by paying US$2.5 millionon or before January 31, 2007 (now February 2, 2007), and an additionalUS$4.5 million (for a total of US$7 million) on or before February 28,2007. ATW would have the further option to increase its interest in theKenya Projects to 50% by paying an additional US$28.0 million on orbefore April 3, 2007. For further information, please contact Tiomin at [phone]Jean-Charles Potvin, Chairman, ext. 227, or Laurie Gaborit, InvestorRelations, ext. 222 ([e-mail]). Visit the Company's websiteat www.tiomin.com. Certain of the information contained in this news release constitute"forward-looking statements" within the meaning of the PrivateSecurities Litigation Reform Act of 1995. Such forward-lookingstatements, including but not limited to those respect to the prices ofrutile, zircon, ilmenite, estimated future production, estimated costsof future production and the Company's sales policy, involve known andunknown risks, uncertainties and other factors which may cause theactual results, performance or achievements of the Company to bematerially different from any forecast results, performance orachievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of rutile, zirconand ilmenite, the actual results of current exploration, developmentand mining activities, changes in project parameters as plans continueto be evaluated, as well as those factors disclosed in the Company'sdocuments filed from time to time with the Ontario SecuritiesCommission. =======================================================================Copyright (c) 2007 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ orsend mailto:[e-mail] sent on Thu Feb 1, 2007 at 7:52:16 AM Pacific Time=======================================================================