Tinka Resources Ltd. reported the completion of a detailed structural mapping and geological interpretation study on the company's 100%-owned Colquipucro property, west-central Peru. The interpretations and conclusions provided by the company's independent geologists include: the structural setting and mineralization found at the Ayawilca zone has a direct correlation with the system found at Zone 1; the area, approximately 500m north-south by 200m east-west, defined as prospective for hosting bulk-tonnage silver mineralization at Ayawilca is sufficient for an exploration target equal to or greater than that established at Zone 1. The potential quantity and grade is conceptual in nature, and there has been insufficient exploration to define this target at this time. It is uncertain that drilling will result in further discoveries in this area. The target referred to is based on follow up of currently untested known strike length and down dip potential of the host sandstone; Ayawilca is believed to be higher in the Goyllar sandstone stratigraphy; hence, there may be potential for a thicker sequence of mineralization than at Zone 1; an 8-hole reverse circulation drill program, totaling not less than 1,600m, is recommended as a first phase test of the Ayawilca zone. Ayawilca is located 1.5 km south of Zone 1 which contains an inferred resource of 5.67 million tonnes grading 111.4 g/t Ag (3.25 oz/ton), or a contained metal content of about 20.3 million troy ounces of Ag.

Tinka Resources Ltd. reported consolidated earnings results for the third quarter and nine months ended June 30, 2009. For the quarter, the company has reported loss before other items of CAD 66,858 and net loss and comprehensive loss of CAD 301,203 or CAD 0.01 per basic and diluted share compared to loss before other items of CAD 110,153 and net loss and comprehensive loss of CAD 114,097 for the same period last year. Cash used in operating activities was CAD 150,008 against CAD 82,286 reported last year. Net used in operating activities was CAD 70,104 against CAD 150,926 reported last year. Expenditure on mineral properties interests was CAD 9,401 compared to CAD 251,781 for the same period a year ago. For the nine months, the company has reported loss before other items of CAD 338,524 and net loss and comprehensive loss of CAD 855,508 or CAD 0.03 per basic and diluted share compared to loss before other items of CAD 564,774 and net loss and comprehensive loss of CAD 518,687 or CAD 0.02 per basic and diluted share for the same period last year. Net used in operating activities was CAD 301,881 against CAD 335,791 reported last year. Purchase of equipment was CAD 1,535 compared to CAD 1,053 for the same period a year ago. Expenditure on mineral properties interests was CAD 106,922 compared to CAD 787,320 for the same period a year ago.

Tinka Resources Ltd. announced that a program of detailed geological mapping will be performed during the month of August on the company’s 100%-owned Colquipucro project, west-central Peru. The information obtained so far, including a recent interpretation done with satellite imagery, indicate that the geological setting at Zone 1 area drilled by Tinka and the subject of an independent NI43-101 report resource calculation is strongly influenced by structural preparation, particularly by a large, complex fault system that marks the southwest margin of the prospective exploration area. In order to focus its efforts and resources on Colquipucro, the Company’s most important exploration property, the company has decided to withdraw from the Heads of Agreement on the Strathbogie South gold project located in Victoria, Australia.