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TEARLACH RESOURCES LTD. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

September 30, 2009

VANCOUVER, BC: Tearlach Resources Ltd. (the “Company”) announces that it has arranged, subject to regulatory approval, a non-brokered private placement (the “Offering”) of up to 7,250,000 Units (the “Units”) at a price of $0.02 per Unit for gross proceeds of up to $145,000.  Each Unit will consist of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”).  Each Warrant will entitle the holder thereof to purchase one Share at a price of $0.05 for a period expiring one year from the date of issuance and at a price of $0.10 for a period expiring four years from the date of issuance.

Closing of the Offering is subject to the receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange.  Proceeds from the Offering will be used by the Company for general working capital.  All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus one day from the date of completion of the Offering, in accordance with the applicable securities legislation.

TEARLACH RESOURCES LTD .

Charles Ross
Director

TEARLACH RESOURCES LTD .

Suite 2110
1177 W. Hastings Street
Vancouver , BC , Canada V6E 2K3

Tel: 604.688-5007
Fax: 604.909-4682

 

Neither the TSX Venture Exchange nor its Regulation Service provided (as that term is defined in the polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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