TRM Trueclaim Exploration Inc

Trueclaim Exploration Inc. (the "Company") (TSX VENTURE:TRM)(PINK
SHEETS:TRMNF)(OTCQX:TRMNF), an explorer and developer of precious and base
metals projects, is pleased to announce that it has signed two option agreements
to acquire a 100% working interest in two groups of mineral claims in the
Province of Ontario.


COOK AND GUIBORD TOWNSHIPS: The Cook & Guibord property consists of five
contiguous claims in Cook Township and Guibord Township, Ontario optioned from
Frank Tagliamonte and Jean Fedora. These claims are proximal to the
Porcupine-Destor Fault Complex.


For the Cook and Guibord Option to be fully exercised the Company must:



i.   Make a $10,000 cash payment on signing of the Option and issue 10,000
     common shares of the Company to the Optionors within five business
     days of the Effective Date of the Cook and Guibord Option; 
ii.  make a $15,000 cash payment to the Optionors and issue 40,000 common
     shares of the Company to the Optionors and incur $100,000 of 
     exploration and development expenditures on or before the first 
     anniversary of the Effective Date of the Cook and Guibord Option; 
iii. make a $40,000 cash payment to the Optionors and issue 50,000 common
     shares of the Company to the Optionors and incur an additional
     $200,000 of exploration and development expenditures on or before the
     second anniversary of the Effective Date of the Cook and Guibord 
     Option; 
iv.  make a $100,000 cash payment to the Optionors and issue 50,000 common
     shares of the Company to the Optionors and incur an additional 
     $400,000 of exploration and development expenditures on or before the 
     third anniversary of the Effective Date of the Cook and Guibord Option;
v.   make a $150,000 cash payment to the Optionors and issue 80,000 common
     shares of the Company to the Optionors and incur an additional
     $500,000 of exploration and development expenditures on or before the
     fourth anniversary of the Effective Date of the Cook and Guibord
     Option, 
vi.  incur an additional $500,000 of exploration and development on or
     before the fifth anniversary of the Effective Date of the Cook and
     Guibord Option.



The Cook and Guibord Option Agreement is also subject to a two and one-half
percent (2.5%) Net Smelter Return royalty, subject to a minimum payment of
$30,000 per year during the period in which Net Smelter royalties are payable.
The Company will have the right to purchase forty percent (40%) of the Net
Smelter Return royalty for $1,000,000 at any time up to the fifth anniversary of
the Effective Date. The Company shall have the right to purchase a further forty
percent (40%) of the Net Smelter Return royalty set out in Appendix II for a
further $1,000,000 on or before the sixth anniversary of the Effective Date if
and only if the purchase contemplated above has been completed.


BOSTON TOWNSHIP: The Boston property, optioned from Frank Tagliamonte,
Bernadette Sack and Nicolina Manto, consists of three mining claims situated
approximately 16 km southeast of Kirkland Lake, Ontario proximal to the Larder
Lake Cadillac "Break" Fault zone.


For the Boston Option to be fully exercised the Company must:



vii.  pay $15,000 cash on signing the Option, issue 50,000 common shares of
      the Company to the Optionors within five business days of the
      Effective Date of the Boston Option;
viii. make a $25,000 cash payment to the Optionors and issue 60,000 common
      shares of the Company to the Optionors and incur $150,000 of
      exploration and development expenditures on or before the first
      anniversary of the Effective Date of the Boston Option;
ix.   make a $60,000 cash payment to the Optionors and issue 30,000 common
      shares of the Company to the Optionors and incur an additional
      $150,000 of exploration and development expenditures on or before the
      second anniversary of the Effective Date of the Boston Option;
x.    make a $66,000 cash payment to the Optionors and issue 24,000 common
      shares of the Company to the Optionors and incur an additional
      $300,000 of exploration and development expenditures on or before the
      third anniversary of the Effective Date of the Boston Option;
xi.   make a $120,000 cash payment to the Optionors and issue 24,000 common
      shares of the Company to the Optionors and incur an additional
      $450,000 of exploration and development expenditures on or before the
      fourth anniversary of the Effective Date of the Boston Option; and
xii.  incur an additional $500,000 of exploration and development
      expenditures on or before the fifth anniversary of the Effective Date
      of the Boston Option.



The Boston Option Agreement is also subject to a two and one-half percent (2.5%)
Net Smelter Return royalty, subject to a minimum payment of $30,000 per year
during the period in which Net Smelter royalties are payable. The Company will
have the right to purchase forty percent (40%) of the Net Smelter Return royalty
for $1,000,000 at any time up to the fifth anniversary of the Effective Date.
The Company shall have the right to purchase a further forty percent (40%) of
the Net Smelter Return royalty set out in Appendix II for a further $1,000,000
on or before the sixth anniversary of the Effective Date if and only if the
purchase contemplated above has been completed.


Both transactions are subject to acceptance by the TSX Venture Exchange. The
Company may transfer for consideration its rights under the Cook and Guibord
Option Agreement and the Boston Option Agreement to a third party that will fund
the option and work commitments.


We seek safe harbour.

John Carter, President

This news release contains "forward-looking information" (within the meaning of
applicable Canadian securities laws) and "forward-looking statements" (within
the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such
statements or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate", "propose",
"project", "outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook. Such statements include, among others, those
concerning the Option Agreements. All statements in this news release, other
than statements of historical facts, which address future production, reserve
potential, exploration activities, financing plans, objectives or goals, and
events or developments that the Company expects, are forward-looking statements.
Since forward-looking statements address future events and conditions, by their
very nature, they involve inherent risks and uncertainties. Such forward-looking
information or statements are based on a number of risks, uncertainties and
assumptions which may cause actual results or other expectations to differ
materially from those anticipated and which may prove to be incorrect.
Assumptions have been made regarding, among other things, management's
expectations regarding its ability to complete its exploration and development
work as expected. Actual results could differ materially due to a number of
factors, including, without limitation, operational risks in the completion of
the Company's continued development work, technical, safety or regulatory
issues, market prices, exploitation and exploration successes, continued
availability of capital and financing, and general economic, market or business
conditions. Although the Company believes that the expectations reflected in the
forward-looking information or statements are reasonable, prospective investors
in the Company's securities should not place undue reliance on forward-looking
statements because the Company can provide no assurance that such expectations
will prove to be correct. Actual results or developments may differ materially
from those projected in the forward-looking statements. Such risks include
expectations that may be raised by discussing potential mine types and by
comparing the Company's projects to other projects. Also, in order to proceed
with the Company's exploration and acquisition plans, additional funding is
necessary and, depending on market conditions, this funding may not be
forthcoming on a schedule or on terms that facilitate the Company's plans.
Forward-looking information and statements contained in this news release are as
of the date of this news release and the Company assumes no obligation to update
or revise this forward-looking information and statements except as required by
law.

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