Texas Wyoming Completes Purchase of the Yellow Jacket Mining Claim

LAS VEGAS, March 17 /PRNewswire-FirstCall/ -- Texas Wyoming Drilling, Inc. (Pink Sheets: TWDL) announces that it has completed the acquisition of a mining property located in Clark County, Nevada, in the Moapa Mining District.  The property is more particularly referred to as Yellow Jacket Placer Mining Claim #108.  The consideration for this acquisition was  cash, and  shares of the Restricted common stock of TWDL.

Also, TWDL has an option and a right of first refusal on Yellow Jacket Mining Claims # 104, #20, #25, #22, #23, #26 and #27 should the Seller decide to sell these contiguous properties, or in the event that an offer is made to purchase these properties from Seller.  TWDL would then have 30 days in which to match any such offer.  These Mining Claims are contiguous to Claim #108.  

The Company will conduct extensive exploration on Claim #108, several assays from samples taken show an abundance of Gold, Silver, Platinum and other Rare Earths.  Also review the web site of the company at www.M3Mining.com.  

Production from this property will  commence when the company has obtained a permit to mine from the Bureau of Land Management.   Application for this permit will be filed with the BLM within two weeks from the date of this announcement.  

Cautionary Statement:  

The news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1935, as amended that are intended to be covered by the safe harbor created by such sections and other applicable laws.  Such forward-looking statements include, without limitation (i) estimates of gold and silver and any other rare earth production and sales; (ii) estimates of costs applicable to sales; (iii) estimates of capital expenditures, project costs, and expenses; (iv) estimates regarding timing of future development, construction, production or closure activities; (v) statements regarding future exploration results, exploration expenditures, and reserves; and (vi) expectations regarding the start up time, design, mine life, production, costs applicable to sales and exploration potentials.  Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis.  However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements.  Such risks include, but are not limited to, gold or other metals price volatility, increased productions costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operations risks.   While the Company expects that it will obtain a permit from the Bureau of Land Management of the Department of Interior, no guarantee is made that such permit will be issued.  

SOURCE Texas Wyoming Drilling, Inc.