Tearlach Resources Ltd V.TEA

Alternate Symbol(s): TELHF

Metals & Mining Industrial Metals & Minerals

Tearlach Resources Limited is a Canadian exploration company engaged in acquiring, exploring and developing lithium projects. The Company's projects include Georgina Stairs Project, Pakwan and Margot Lithium Projects (Final Frontier), Wesley and Harth Lithium Project (New Frontier), Gabriel project, Rose Fliszar Muscovite Project and Shelby Project. The Company has two key projects: lithium pegmatite on Georgina Properties, Jellicoe, northern Ontario and lithium claystone on Gabriel Project in Tonopah, Nevada, bordering American Lithium's TLC Deposit. The Georgina Stairs Project's (1085 cell claims) claim block is approximately 22,900 hectares and 26 kilometers (km) long by 12 km wide. The Gabriel property consists of around 3920 acres of unpatented mining claims (196 lode claims). It also has the Savant Property, an exploration stage Gold-Silver-Copper Property, in Northwestern Ontario. The Company has staked certain claims (Rhyolite Peak) located in Nevada, United States.

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Tearlach Resources Ltd

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Post by mhillmanon Mar 14, 2011 3:35pm

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Post# 18282847

Amnded MD&A

From the MD&A, amended 2011-03-11 (today)

On February 1, 2011 the Company obtained a complete dismissal of the legal actions against the Company and also obtained judgement in the amount of $18,724,901.58 against Western States International, Gas and Oil Technologies and Ingrid Aliet-Gass. The Company will proceed with realizing on the Kern Front property. This will assist the Company in meeting its obligations and providing capital for future development. Resolution of the legal actions will also enable the Company to raise capital on more favourable terms.

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