TORONTO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Tintina Mines Limited ("Tintina" or the "Company") (TSXV:TTS) is pleased to announce that the board of directors passed a resolution to proceed with a consolidation of common shares of the Company on the basis of two (2) pre-consolidated shares for one (1) post consolidated share (the "Consolidation"). The Consolidation was approved by the Company's shareholders at the Annual and Special Meeting held on June 26, 2024.

Currently, a total of 45,904,932 common shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of approximately 22,952,841 common shares will be issued and outstanding. The effective date of the Consolidation will be August 13, 2024 and it is anticipated that the common shares of the Company, which are currently halted, will resume traded on the TSX Venture Exchange on August 13, 2024.

Marrelli Trust Company (the "Transfer Agent") will mail letters of transmittal to the shareholders providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to the Transfer Agent in accordance with the instructions in the letter of transmittal.

About Tintina

Tintina is a Canadian-based company with over twenty years of experience in the junior mining industry. Tintina currently owns two main properties, both of which are located in Yukon. The common shares of Tintina are listed for trading on the TSX Venture Exchange under the symbol "TTS".

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Forward-looking Statements
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