Till Capital Corporation has signed a non-binding Memorandum of Understanding with a private company for its potential acquisition of the Springer Tungsten Mine and Mill ("Springer") located near Winnemucca, Nevada. The terms of the non-binding MOU include $2,600,000 in cash for the deed and ownership of Springer. Additional consideration will be an agreement to provide Till with a net smelter return royalty for total consideration of $5,000,000.

After the completion of the payment of $5,000,000, purchaser will continue to pay an NSR royalty to Till on ores milled at the Springer Mill. Till and the purchaser intend to continue negotiations to reach a binding agreement for the sale of Springer which Till anticipates will include the terms contained in the MOU. Any final purchase agreement will be subject among other things to the approval of the Till Board of Directors and the managers of the purchaser.