Texas Mineral Resources expands project area with Santa Fe Gold from 80 to 1,600 acres in New Mexico

Texas Mineral Resources Corp.

Amendment expands project area from 80 contiguous acres to approximately 1,600 acres in Black Hawk Mining District, Grant County, NM.
TMRC initially owns 50.5% of potential joint venture; Santa Fe Gold 49.5%; TMRC to be operator.
Permit application for exploratory drilling submitted to New Mexico; 55 drill holes planned (~6,500 ft diamond core).
Right of first refusal added for TMRC on any transfer of Santa Fe's mining claims.
Feasibility study definition revised to assess technical/economic practicality to pursue project financing; parties jointly pursue financing.

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