$TAMG We are negotiating for the purchase of an 8

$TAMG We are negotiating for the purchase of an 80% equity common stock ownership of a Nevada corporation which, at closing, will control 70 contiguous mining claims in Alaska. The non-binding term sheet agreement, which has not yet been signed, outlines a contemplated definitive agreement to be executed where Transnational Group will receive 80% of the corporation’s common shares in exchange for a $10 million capital investment in the development of the Iron Ore Project. The Company will also pay $304,000 (Canadian CAD) in cash and $68,100 to the U.S. Bureau of Land Management for the property’s drilling permit.