Telson Resources Inc. Completes Acquisition Agreement with Nyrstar Mining Ltd to Acquire 100% of the Campo Morado Mine, Guerrero State, Mexico

Click to access TSN_NR_155_Apr27_2017.pdf

Vancouver, British Columbia, April 27, 2017 – Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is pleased to announce that is has entered into a definitive Share Purchase Agreement (the “Agreement”) with Nyrstar Mining Ltd. and Nyrstar Mexico Resources Corp. (collectively “Nyrstar”) to purchase all of the shares of Nyrstar’s Mexican subsidiary companies that make up and own 100% of the Campo Morado mine, located in Guerrero State, Mexico (the “Campo Morado Mine”). Under the terms of the Agreement Telson has agreed to pay total purchase price of US$20 million plus any Variable Purchase Price, as described below, to Nyrstar under the following schedule,: • US $800,000 at signing of the Agreement; • US $2.7 million on or before June 12, 2017; • US $16.5 million on the one year anniversary following the closing date of the transaction.

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