Tinka Receives C$3.7 Million from Exercise of Warrants
NEWS RELEASE November 30, 2017
TINKA RECEIVES C$3.7 MILLION FROM EXERCISE OF WARRANTS
Vancouver, Canada – Tinka Resources Limited ( “Tinka” or the “ Company”) ( T S X V & B V L : T K)
(OTCPK: TKRFF) is pleased to announce that a total of 12,632,660 common shar e purchase warrants (the
“Warrants”) have been exercised at $0.30 per common share for t otal proceeds to the Company of
C$3,789,798. The Warrants were exercised pursuant to the terms of warrant certificates issued in connection
with the closing of a private placement financing undertaken by the Company in May 2015, which were due
to expire November 29, 2017. No commission was paid in connection with the exercise of the Warrants.
Proceeds will be used for the ongoing drill program, engineerin g and metallurgical studies at the Company’s
Ayawilca zinc and tin project in Peru, and for general working capital purposes.
Dr. Graham Carman, President and CEO, stated: “I am pleased to report that the Company’s treasury has been
topped up by C$3.7 million due to the exercise of Warrants held mostly by the Company’s two largest
shareholders. Tinka now has sufficient cash to fund exploration drilling and resource development work at the
Ayawilca project well into 2018. Tinka’s exploration drill prog ram is ongoing and the Company is planning
to continue drilling for the foreseeable future, focussing on t he testing of new target areas and extensions of
the known zinc mineralization. The current Inferred Mineral Re source estimate at Ayawilca is 42.7 million
tonnes grading 7.3% Zinc Equivalent ( see Press Release Nov 8, 2017 ). We believe there remains significant
potential for resource expansion at Ayawilca. Simultaneously, we are working on de-risking the project
through detailed metallurgical tests of zinc sulphide mineraliz ation from different parts of the deposit, along
with preliminary desktop mining studies.”
The qualified person, Dr. Graham Carman, Tinka’s President and C E O , a n d a F e l l o w o f t h e A u s t r a l a s i a n
Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.
On behalf of the Board,
“Graham Carman”
Dr. Graham Carman, President & CEO
Investor Information:
www.tinkaresources.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, 1.604.699.0202
About Tinka Resources Limited
Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca carbonate
replacement deposit (CRD) in the zinc-lead-silver belt of centr al Peru, 200 kilometres northeast of Lima. The Ayawilca
Zinc Zone Inferred Mineral Resource estimate now consists of 42 .7 Mt at 6.0 % zinc, 0.2 % lead, 17 g/t silver & 79 g/t
indium, and a Tin Zone Inferred Mineral Resource of 10.5 Mt at 0.63 % tin, 0.23 % copper & 12 g/t silver (Nov 8, 2017).
Drilling for resource extensions and the testing of new targets is ongoing.
Forward Looking Statements: Certain information in this news release contains forward-look ing statements and
forward-looking information within the meaning of applicable se curities laws (collectively " forward-looking
statements"). All statements, other than statements of historical fact a re forward-looking statements. Forward-looking
statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently
available to Tinka's management. Such statements reflect the c urrent risks, uncertainties and assumptions related to
certain factors including, without limitations, the successful completion of the current and future drill programs, the
interpretation and actual results from the drill programs, the Company’s expectations regarding mineral resource
calculations, capital and other costs varying significantly from estimates, production rates varying from estimates, changes
TINKA RESOURCES LIMITED
#1305 – 1090 WEST GEORGIA STREET
VANCOUVER, B.C. V6E 3V7
Tel: (604) 685 9316 Fax (604) 683 1585
Website: www.tinkaresources.com
TSXV: TK
2
in world metal markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed
in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates or metal recoveries,
success of future development initiatives, competition, operating performance, environmental and safety risks, delays in
obtaining or failure to obtain necessary permits and approvals from local authorities, community relations, and other
development and operating risks. Should any one or more of thes e risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka
believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not
guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent
uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to
update any forward-looking statement.
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.