[b]$TRLR[/b] News out Henderson, NV, June 25, 2013 – Trulan Resources Inc. (TRLR) (the "Company" or "Trulan") reports that management is evaluating the scope of the next phase of exploration on the IGP Project in light of planned land acquisition activities. The comprehensive ongoing exploration plan will take into consideration which areas of the property will most likely continue to report significant values of gold and platinum as work programs expand beyond the current delineated mineralized zones. The plan will also be determined by the additional land the Company expects to acquire and where it sits in relation to the already existing resource area. Trulan has reviewed preliminary data on other properties surrounding the IGP Project where initial exploration activity uncovered anomalous mineralization similar to the four zones of the IGP.
Recent activity in world gold markets has thrown the future of the precious metal into uncertainty and gold focused mining companies, from senior producers down to junior explorers, are taking a hard look at their ongoing operations. However, Trulan's gold resource to date of 1,764,112 ounces - with the expectation that the resource will increase with additional exploration is significant in that the cost to mine and produce an ounce of gold from the IGP Project will be highly economical given the nature of the deposits and the method of extraction and processing currently under review.
Trulan's Platinum resource of 1,905,428 ounces is a shining light compared to gold due to a higher price per ounce and a projected supply side deficit over the next two years. Platinum demand is expected to rise in 2013, supported by stronger growth in fabrication demand and improved investor sentiment toward the metal, according to a recent study by CPM Group.
Supplies are also expected to rebound after problems in South Africa dented output last year. Demand will still outstrip supply in 2013, but the supply deficit is forecast to shrink to 86,000 ounces from 294,000 ounces last year, the New York-based consultancy said in its annual Platinum Yearbook. Higher demand should also support prices, although CPM Group did not give a price forecast. In 2012, platinum prices averaged $1,554.30 an ounce, down 9.8% from 2011's record annual price of $1,722.39
About Trulan's IGP-Iron-Gold-Platinum Project
Trulan recently entered into an agreement to acquire a 100% interest in the IGP Iron-Gold-Platinum Project ("IGP" or the "Project") in the IV Region Region de Coquimbo of Chile. The relatively small region has a long history of mining and several operations are currently in production, including the Los Pelambres Deposit, which is the world's fifth largest copper mine.
The IGP Project totals 885 Hectares (2,186 Acres) of wide spread mineralization and ore bodies that contain high grades of Iron, Gold, Platinum and high value industrial minerals. There are eight known deposits in close proximity which have been tested to the point where an Indicated Ore resource has been delineated. The IGP comprises of four ore bodies with an Indicated Reserve in excess of 247 Million Metric Tons. Each of the four deposits have not been fully tested to determine ultimate size and they all remain open on all sides and at depth. Further exploration beyond the zones outlined to date is needed to realize the full extent of the mineralization and total size of the Ore bodies.
Trulan Resource's Mission is the exploration and development of mining properties whose economic potential is considered to be extensive, while requiring minimal infrastructure and operational costs, that can be advanced in an environmentally responsible manner.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. For more information please contact Corporate Relations at 702-430-4690 or info@trulanresources.com.
Robert Rosner
President & CEO
