Clemson receives Final Installment from Sale of Assets

CLEMSON RESOURCES CORP.

Suite 918-1030 West Georgia Street Vancouver, British Columbia Canada V6E 2Y3 Tel. No. (604) 628-5621 ♦ Fax No. (604) 628-2650

Clemson receives Final Installment from Sale of Assets

Vancouver, British Columbia – January 24, 2012 – Clemson Resources Corp. (TSX-V:CRZ) (the “Company”) announces that it has received the final installment of the purchase price from the sale of its assets to TeraGo Networks Inc. which completed on May 31, 2011 in the amount of $1,600,000, which successfully concludes the transaction. As announced on January 19, 2012, the Company entered into an option agreement dated January 17, 2012 with Eagle Plains Resources Ltd. (“Eagle Plains”) pursuant to which Eagle Plains has granted to the Company an option to acquire (the “Acquisition”) up to a 60% interest in and to the Kalum Property, which consists of certain mineral claim tenures located approximately 30 kilometres northwest of Terrace, British Columbia.

For further information please contact:

Martin Bajic, Chief Financial Officer Tel: (604) 628-5621 Fax: (604) 628-2650

Neither the 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 news release.

This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors should change, except as required by law.