Tinka Resources Ltd (TSX-V:TK)
Shares Issued 22,686,511
Last Close 6/3/2008 $0.28
Wednesday June 04 2008 - News Release

Mr. Andrew Carter reports

TINKA CLOSES FIRST TRANCHE PRIVATE PLACEMENT FINANCING

Tinka Resources Ltd. has completed a first tranche closing of its non-brokered private placement which wasannounced on May 6, 2008.

In connection with the completion of the first tranche, the Company has issued 1,375,000 common shares at$0.30 per share and 687,500 share purchase warrants at a price of $0.50 per share expiring on June 4, 2009,subject to a forced conversation which comes into effect once the shares trade above a weighted average priceof $0.60 for 20 consecutive trading days. The expiry date of the share purchase warrants will then be 30 daysfrom the date of issue of a news release announcing the forced conversation.

The Company has paid $17,520 as finders' fees on a portion of the private placement.

The securities issued pursuant to the closing of the first tranche are subject to a four-month hold period expiringon October 5, 2008.

The net proceeds from the first tranche financing will be used to commence a follow-up drill program at theCompany's 100% owned Colquipucro project, Peru, and for general working capital.