TINKA AMENDS TERMS OF PRIVATE PLACEMENT FINANCING

VANCOUVER, June 22, 2011 /CNW/ --
VANCOUVER, June 22, 2011 /CNW/ - Tinka Resources Limited (the 'Company') (TSXV - TK; Frankfurt - TLD; Pinksheets -TKRFF)(( ))is revising the terms of the private placement of units originally
announced on June 1, 2011.  Under the revised terms, the Company has
engaged Union Securities Ltd. (the 'Agent') to act as agent, on a
reasonable commercial efforts basis, for a brokered private placement
(the 'Brokered Offering') to raise up to $2.31 million by the issuance
of up to 6.6 million units of the Company (each a 'Unit') at a purchase
price of $0.35 per Unit.  The Company will also issue up to 1.2 million
Units pursuant to a concurrent non-brokered private placement (together
with the Brokered Offering, the 'Offering') for total gross proceeds of
up to $2.73 million under the Offering.  Each Unit will consist of one
common share and one common share purchase warrant (a 'Warrant').  Each
whole Warrant will entitle the holder thereof to purchase one
additional common share of the Company (a 'Warrant Share') at an
exercise price of $0.50 per Warrant Share for a period of 12 months
following the closing (the 'Closing Date') of the Offering, subject to
an accelerated expiry date in the event that, after the date which is 4
months after the Closing Date, the closing price of the common shares
of the Company listed on the TSX Venture Exchange is greater than or
equal to $1.00 for a period of 10 consecutive trading days.

In consideration for its services, the Agent will receive a cash
commission equal to 8% of the gross proceeds from the sale of the Units
under the Brokered Offering, 60,000 options (each an 'Agent's Option')
and additional Agent's Options exercisable into that number of Units
equal to 10% of the number of Units sold pursuant to the Brokered
Offering.  Each Agent's Option will be exercisable, in whole or in
part, at any time up to 12 months following the Closing Date to acquire
one Unit at an exercise price of $0.35 per Unit. The Company will also
pay the Agent a work fee and reimburse the Agent for reasonable
expenses incurred in connection with the financing.

The Offering is subject to the receipt of all necessary regulatory
approvals, including acceptance by the TSX Venture Exchange.  The
securities issued under the Offering will be subject to a four month
hold period under applicable Canadian securities laws.

The net proceeds from the Offering will be used to finance exploration
on the Company's Colquipucro and Tibillos projects located in Peru and
for general corporate purposes.

On behalf of the Board,

'Andrew Carter'

Andrew Carter, President & CEO

Forward Looking Statements This Company Press Release may contain certain 'forward-looking'
statements and information relating to the Company that are based on
the beliefs of the Company's management as well as assumptions made by
and information currently available to the Company's management. Such
statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, competitive
factors, general economic conditions, customer relations, relationships
with vendors and strategic partners, the interest rate environment,
governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. Should any
one or more of these risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary
materially from those described herein.

Neither the TSX Venture Exchange, its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange), nor
the Frankfurt Stock Exchange accepts responsibility for the adequacy or
accuracy of this news release.

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