Tintina Resources Welcomes New Strategic Partner at Black Butte Copper Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 27, 2014) - Tintina Resources Inc. ("Tintina" or the "Company") (TSX VENTURE:TAU)(OTCQX:TINTF) is pleased to announce that Sandfire Resources NL has agreed to purchase 80 million units of the Company at a price of $0.20 per unit for gross proceeds of $16 million.

Sandfire is an ASX listed company based in Perth, Australia and the owner and operator of the DeGrussa Copper-Gold Mine. The closing of the private placement will give Sandfire an initial 36% stake in the Company. The funds raised will enable the Company to continue work on a feasibility study and a mine operating permit application for the Company's Black Butte Copper Project, Montana.

"We are pleased to welcome Sandfire to our roster of high quality institutional shareholders. Sandfire is one of the most exciting emerging mid-tier copper producing companies in the world. Their investment into Tintina demonstrates that they clearly recognize the quality of the asset and the level of investment necessary to advance the Black Butte project through feasibility and permitting. With their development and operating experience in bringing the highly successful DeGrussa mine into production, we believe they will add to the success of our development team already in place in Montana. This transaction brings a well funded, mining savvy operator to the Tintina team which will be very beneficial to shareholders and all Montana stakeholders alike," stated Chairman of the Board, Rick Van Nieuwenhuyse.

The units will be comprised of 80 million common shares and the following warrants to purchase additional common shares:

• 20 million Class A warrants exercisable at $0.28 per share for a period of two years following closing,
• 20 million Class B warrants exercisable at $0.32 per share for a period of three years following closing, and
• 40 million Class C warrants exercisable at $0.40 per share for a period of five years following closing.

If all of the warrants are exercised, the aggregate proceeds from the transaction will be approximately $44 million and Sandfire's interest would increase to 53% on an undiluted basis, assuming no other shares are issued.