teryl resources corp (TRC) Snapshot

Teryl Resources Corp. announced it has acquired a 50% working interest in the Fish Creek property from Linux Gold Corp, pursuant to an agreement dated March 5, 2002 /amended January 23, 2012. Linux Gold will retain a 5% net royalty with a limit of $2,000,000. Teryl has the right to purchase the 5% net royalty, for $500,000, within one year of production. The Fish Creek property consists of 30 claims adjacent to the Gil property, currently owned by Kinross Gold Corporation. The Gil 20% interest, previously owned by Teryl Resources Corp., was acquired by Kinross on December 22, 2011 for $15 million in a payment of $2.5 million initially and another payment of $1.5 million when in production with the balance from a 1% royalty. Teryl retains a half of 1% royalty for the life of the mine.

Teryl Resources Corp. has proposed a special resolution to amend certain sections of the corporation's articles at the Annual General and Special meeting to be held on February 22, 2013.

Teryl Resources Corp. announced the resignation of Donna Moroney from the Board. The company would like to thank Donna Moroney for her years of services and wish her well in her future endeavors. The company has appointed Tom Parkhill as a director in place of Donna Moroney. Tom Parkhill is a licensed professional geologist (State of Minnesota). Recently involved in field work for copper, precious metals, coal, humate, uranium and diamonds in Arizona, New Mexico, Nevada, Colorado, Utah, Namibia, South Africa and Indonesia. Work involved literature research, petrographic work, mineral identification, mineral property evaluations, prospect generation and detailed geologic field mapping.