VANCOUVER, B.C., Feb. 28, 2003 (PRIMEZONE) -- Trivalence Mining Corporation (TSX Venture Exchange:TMI) (OTCBB:TMIGF) is pleased to report that it completed a second diamond sale of the year 2003 at its Palmietgat diamond mine in South Africa. The sale consisted of diamond parcels totaling 3,249 carats that sold for US$380,000.
The Company has been informed by Rio Tinto Mining & Exploration Limited (RTM&E) that as per clause 6.8 of joint venture agreement RTM&E will withdraw from the joint venture agreement as of March 07, 2003 from the Aredor. Clause 6.8 of the joint venture agreement permits RTM&E to withdraw from the joint venture without incurring any further liability. The Company plans to continue the exploration of Kimberlites on the Aredor property. The Kimberlite exploration joint venture agreement in Botswana between the Company and Tinto Botswana (a subsidiary of Rio Tinto) will continue as per the terms of joint venture agreement.
Trivalence Mining Corporation is a publicly traded Company with two producing mines located in the Republic of Guinea, West Africa and in the Republic of South Africa. In addition to its mining operations Company has a joint venture for Kimberlite exploration in the Republic of Botswana, with Tinto Botswana (a subsidiary of Rio Tinto).
Waseem Rahman Director
The Company relies upon litigation protection for "forward looking" statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this Release.