Ventures Ltd. v. KGHM Ajax Mining Inc. BCSC No 052937 predominately concerning
NEW TYMBAL RESOURCES LTD.
Suite 600-850 West Hastings Street
Vancouver, British Columbia
V6C 1E1
Tel: (604) 662-8130
email: [email protected]
NEWS RELEASE
VANCOUVER, BRITISH COLUMBIA, May 14, 2026 – New Tymbal Resources Ltd.
(TSXV – NTB) (“Tymbal” or the Company).
New Tymbal Resources Ltd. (the "Company") (formerly Cicada Ventures Ltd.) advises
that it has recommenced early-stage litigation settlement discussions with KGHM Ajax
Mining Inc. (“KGHM”) in connection with the BC Supreme Court matter of Cicada
Ventures Ltd. v. KGHM Ajax Mining Inc. BCSC No 052937 predominately concerning
unjust enrichment and the exclusivity of mining activities on registered mineral claims.
Tymbal is seeking settlement for KGHM’s unauthorized use, occupation, and economic
exploitation of Tymbal’s mineral tenures, including unjust enrichment from data and land
use, and the market value of the rights KGHM took without consent or compensation.
The discussions are preliminary in nature. No settlement terms, payment amounts, or
other figures have been agreed in principle, and there can be no assurances that the
discussions will result in any settlement, resolution, or other transaction.
New Tymbal Resources Ltd.
Per: “Sammy Cheng”
Sammy Cheng
Director
(604) 662-8130
Not for distribution to the United States newswire services or for dissemination in the United States.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be registered under the United States Securities
Act of 1933, as amended (the “U.S. Securities Act”) or any states securities laws and may not be offered or
sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is available.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."