News Releases

March 22, 2013
Tsodilo Resources Limited Annual and Special Meeting Results
TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to announce that at its Annual and Special Meeting of shareholders held on March 22, 2013, the following directors were elected: James M. Bruchs, Thomas S. Bruington, David J. Cushing, Michiel C.J. de Wit, Murray W. Hitzman, Jonathan R. Kelafant and Patrick C. McGinley.

The shareholders also approved the appointment of Ernst & Young LLP, Vancouver, Canada, as Auditors of the Company; voted to increase the number of shares reserved for issuance under the Company's Stock Option Plan to 5,629,830; and ratified and approved the shareholder rights plan agreement dated as of October 29, 2012 between the Company and Computershare Investor Services Inc., and the rights issued pursuant thereto.

Grant of Stock Options

Under the terms of its Stock Option Plan, Tsodilo granted 400,000 options to seven directors and 50,000 to an employee at an exercise price of C$1.04 per share. These options vest as to 25% effective March 22, 2013, and 25% on each of the sixth, twelfth and eighteenth month anniversaries of the date of the grant. The options are valid for five years.

About Tsodilo Resources Limited: Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Newdico (Pty) Limited ("Newdico") and Gcwihaba Resources (Pty) Limited ("Gcwihaba") projects in northwest Botswana. The Company has a 98% stake in Newdico (895 km² under Precious Stone - diamond licenses). The Gcwihaba project area: 2,404 km² under Precious Stone - diamond licenses; 11,159 km² Metal (base, precious, platinum group, and rare earth) licenses; and, 6,925 km² under Radioactive Minerals licenses is 100% held by the Company. Tsodilo manages the exploration of both the Newdico and Gcwihaba license areas.

The Company has offices in Toronto, Canada and Gaborone and Maun, Botswana. Please visit the Company's website, http://www.TsodiloResources.com, for additional information and background on our projects.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control, which may cause actual results or performance to differ materially from those currently anticipated in such statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

James M. Bruchs

 

Chairman and Chief Executive Officer

 

Dr. Mike de Wit

President and Chief Operating Officer

Head Office

Telephone +1 416 572 2033

Facsimile + 1 416 987 4369

Website

http://www.TsodiloResources.com

 

COREBOX
Tsodilo Resources Limited
Canada Trust Tower, BCE Place
161 Bay Street, P.O. Box 508
Toronto, ON Canada M5J 2S1
Telephone: (416) 572-2033
Fax: (416) 987-4369
Website: www.TsodiloResources.com/
Email: