New Tymbal restarts settlement talks with KGHM

Mr. Sammy Cheng reports New Tymbal Resources Ltd. (formerly Cicada Ventures Ltd.) has recommenced early-stage litigation settlement discussions with KGHM Ajax Mining Inc. in connection with the British Columbia Supreme Court matter of Cicada Ventures versus KGHM Ajax Mining (BCSC No. 052937) predominantly concerning unjust enrichment and the exclusivity of mining activities on registered mineral claims. Tymbal is seeking settlement for KGHM's unauthorized use, occupation and economic exploitation of Tymbal's mineral tenures, including unjust enrichment from data and land use, and the market value of the rights KGHM took without consent or compensation. The discussions are preliminary in nature. No settlement terms, payment amounts or other figures have been agreed in principle, and there can be no assurances that the discussions will result in any settlement, resolution or other transaction.