Telson Resources Inc. Announces Pre-Feasibility Study Completed for the Tahuehueto Gold-Silver-Lead-Zinc Project, Mineral Resource and Mineral Reserve Estimates

V.TSN, Telson Resources, gold, silver, lead, zinc, Mexico

Telson Resources Inc. (V.TSN))today announced the positive results of a Pre-Feasibility Study for its 100% owned Tahuehueto located in Northern Durango State, Mexico. The PFS was completed by Metal Mining Consultants Inc. of Highlands Ranch, Colorado. Updated Mineral Resources and a new Mineral Reserve estimate have been independently estimated for the Project.

Highlights of the Tahuehueto Project Pre-Feasibility Study

-Post-tax Net Present Value (“NPV”), using an 8% discount, of $70M, with an internal rate of return (“IRR”) of 33% and a payback period of three years.

-Pre-tax NPV, using an 8% discount, of 126M with an IRR of 50%.

-Financial Analysis completed on base case metal price forecasts of $0.87/lb for lead, $0.92/lb for zinc, $2.65/lb for copper, $1,180/oz for gold and $16.70/oz for silver.

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