Tombill Mines Limited (TSXV: TBLL,OTC:TBLLF) (the “Company” or “Tombill”) is pleased to announce that it has agreed to the principal terms of a proposed strategic investment and royalty transaction (the “Transaction”) with Dynamo Metals (“Dynamo”). The Transaction is expected to include (i) a non-brokered private placement (the “Offering”) of units of the Company and (ii) the sale of a net smelter return royalty on the Company’s mineral patents.

Private Placement

The private placement consists of 28,950,546 units of the Company (each, a “Unit“) at a price of C$0.02 per Unit for gross proceeds of C$579,011. Each Unit comprises one common share (a “Common Share“) and one common share purchase warrant (a “Warrant“). Each Warrant entitles the…