Teslin Closes the Second Tranche of Private Placement

Aug. 26, 2010 (Filing Services Canada) -- Teslin River Resources Corp. (TLR - TSX Venture), ("Teslin" or the "Company") is pleased to announce that it has closed the second tranche of its non-brokered private placement raising $195,500 through the issuance of 3,910,000 flow-through units at a price of $0.05 per flow-through unit.  Each flow-through unit consists of one flow-through common share and one half of one non-flow through share purchase warrant, with each such whole share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $0.10 per share for a one year period. A total of 273,700 broker warrants (on the same terms of the private placement) were issued and $13,685 was paid as part of a finders' fee.  The securities issued under the private placement are subject to a four month hold period expiring on December 26, 2010.

About Teslin River Resources Corp.

Teslin River Resources Corp.'s strategy is to build shareholder value by acquiring, exploring and developing a portfolio of copper and copper-gold porphyry properties throughout North and South America. Teslin has optioned the Tagai and Kenny Dam properties in central British Columbia. Prospecting has returned strong copper anomalies some of which are accompanied by high gold values.  Teslin also holds the Rand Claims located approximately 7 kilometres southeast of Horsefly in the Cariboo region of central British Columbia adjacent to where Gold Fields Limited (GFI:NYSE) is drilling under an option agreement with Fjordland Exploration Inc. (FEX:TSX-V) and Cariboo Resources Ltd. (CRB:TSX-V). Based on the reported work and drilling by surrounding operators, the area is considered prospective for a large copper-gold porphyry body.  


ON BEHALF OF THE BOARD

"Michael Sweatman"

Michael Sweatman,
President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

TESLIN RIVER RESOURCES CORP.

408-837 West Hastings Street
Vancouver, BC, V6C 3N6
Telephone: (604) 684-6264
Facsimile: (604) 684-6242



Source: Teslin River Resources Corp. (TLR - TSX.V)
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