Kingsmen Resources Ltd. press release

Tumi Announces $4 million Private Placement

2006-04-06

TSXV - TSX Venture Exchange · Silver · Gold · Lead · Zinc · Copper · Antimony · Bismuth · Indium · Arsenic · Canada

TSXv - TM Frankfurt - TUY OTCBB - TUMIF

VANCOUVER, April 6 /CNW/ - Tumi Resources Limited (the "Company") (TSXv-TM; OTCBB - TUMIF; Frankfurt - TUY). Mr. David Henstridge is pleased to announce a private placement financing of up to 6,600,000 units at $0.62 per unit with each unit consisting of a share and a half warrant. Each whole warrant will be exercisable at $0.80 for a period of two years from the date of completion of the financing and subject to forced conversion which comes into effect once the shares trade on a weighted average price of $1.25 per share for a period of 20 consecutive trading days. Bolder Investments Partners, Ltd. ("Bolder"), have been retained to place 3,500,000 units. Bolder will be paid a cash commission of 8% of gross proceeds raised and agent warrants equal to 10% of the number of units sold by Bolder. The Company will also pay Bolder a work fee of $5,000 and reimburse them for reasonable expenses incurred in connection with the financing. A finder's fee will be paid on a portion of the balance of the placement. The finder's fee is 8% cash and 10% warrants to registrants and 8% cash to non-registrants. The net proceeds from the financing will be used to fund exploration on the Company's mineral properties in Mexico and Sweden and for general working capital.

On behalf of the Board,

"David Henstridge" David Henstridge, President & CEO

Forward Looking Statements This Company Press Release contains 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 nor the Frankfurt Deutsche Borse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or the accuracy of this release.