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Thunder Gold Corp.
1742 Meters Completed on Seagull PGE Property
Published Mar 26 2012
4 min read

1742 Meters Completed on Seagull PGE Property

1742 Meters Completed on Seagull PGE Property

1742 Meters Completed on Seagull PGE Property

Thunder Bay, Ontario CANADA, March 26, 2012 /FSC/ - Trillium North Minerals Ltd. (TNM - TSX Venture), (the "Company" or "Trillium") is pleased to report that it has been informed by Minfocus International Inc. of Toronto, Ontario (the "Optionee"), that a four hole, 1742 meter drill program, part a larger 7 hole 2000 meter drill program extending beyond the property, has recently been completed on the Seagull PGE Property, located approximately 90 km north-northeast of Thunder Bay, Ontario (via Hwy 527). Samples have been submitted to Activation Laboratories Ltd., in Thunder Bay for analysis and will be made available once processed.

The winter drill program was designed to target extensions of the previously identified, multiple layers of platinum group element ("PGE"), gold, copper and nickel mineralization. Minfocus has constructed a new geological model of the Nipigon Reefs by incorporating and reinterpreting a broader database of the historic drilling than any previous workers, which suggests that the mineralized layers could be much more extensive than previously interpreted.

The Seagull property is currently owned by Black Panther Mining Corp. of West Vancouver, British Columbia (as to a 40% interest) with Trillium North Mineral Ltd. of Toronto, Ontario and Rainy Mountain each owning a 30% interest (collectively the "Optionors"). Under the Option Agreement, the Optionee has the initial option to earn a 55% interest in the property from the Optionors collectively upon paying the sum of $55,000 and issuing 50,000 shares of Minfocus (which shares and cash payment will be allocated to the Optionors on a pro rata basis). Additionally, the Optionee is required to pay the Optionors $25,000 (in cash and/or shares of the Optionee) on the 12 month anniversary, the 24 month anniversary and the 36 month anniversary of the Option Agreement. Also, the Optionee is required to incur exploration expenditures on the Seagull property in the amount of $250,000 in each year of the 4 year initial option term (completed and exceeded for the first year with this work).

The Optionee also reported that certain of the claims that were due to expire in mid-February within the Nipigon Reef Property have had their applications of "banked credits" and extension of the time period for the completion and filing of the assessment work, approved by the Ontario Ministry of Northern Development, Mines and Forestry.

As well, the Optionee can earn a 70% interest in the Seagull property by incurring an additional $2,000,000 in expenditures against the property during the initial 4 year option term. Further, the Optionee has the right to increase its interest to 85% by completing a feasibility study on the property within a 5 year period following the initial option term.

The Qualified Person who has reviewed the technical content in this release is Gerald harper, P. Geo. (Ont.).

For more information, contact Dr. Elliot Strashin, President, at 416-504-0077 xt 22.

This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Trillium North Minerals Ltd.'s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks.  These forward-looking statements speak only as of the date hereof.  Trillium North Minerals Ltd. disclaims any intent or obligation to update these forward-looking statements.

On behalf of the board of directors
"Elliot Strashin"
Dr. Elliot Strashin, President

The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.


TRILLIUM NORTH MINERALS LTD
500 - 20 Maud St.,
TORONTO Ontario,
CANADA M5V 2M5
Telephone: (416) 504-0077  
Fax: (416) 504-6019
www.trilliumnorth.com

402 - 905 West Pender Street, VANCOUVER
British Columbia, CANADA V6C 1L6
Telephone: (604) 681-1909   Fax: (604) 689-5930


To view this press release as a web page, click onto the link below:
www.usetdas.com/PR/trilliumnorth26032012.htm





Source: Trillium North Minerals Ltd (TSX-V - TNM) http://www.strashindevelopments.com
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