CONCORD, ONTARIO, Jul. 13, 2010 (Marketwire) -- Tawsho Mining Inc (TSX VENTURE:TAW) ( "Tawsho" or the "Corporation")is pleased to announce that it has acquired a majority interest in a mining concession in Mali, West Africa. Through its wholly owned subsidiary Tawsho Mining (Mali) Inc. the Corporation will acquire a 51% interest in license number 000261 situated in the Kadiolo District in south eastern Mali. The licensed area consists of approximately 220 square kilometers. The concession is in the general vicinity of the Syama and Estruscan gold discoveries. The remaining stakeholders are local investors who reside in Mali and in South Africa. The completion of the acquisition by the Corporation is subject to the execution of a joint venture agreement, and to the completion of the registration of a company to hold the license in Mali.
"We are very excited about the opportunity that we have to explore in Mali, one of the world's leading exporters of gold. We have patiently been seeking local partners in Africa and are most pleased with the associations that we have formed. Mali has been at the forefront of gold exploration and production in Africa and we see this as an excellent opportunity for our Company" said Joseph Feldman, President of Tawsho Mining Inc. In addition to the Mali concessions, Tawsho has mining claims in Quebec (Chevrier) and Baie Verte (Whisker Valley) in Newfoundland, Canada. (see pervious press release dated June 21st, 2010)
ABOUT TAWSHO MINING INC.
Tawsho is a mining exploration company focused on the acquisition, exploration, and development of gold resources and advanced stage gold exploration projects. Tawsho has 22 million shares issued and outstanding.
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