Telferscot Provides Update on LOI with Canntab

TORONTO, Dec. 19, 2017 (GLOBE NEWSWIRE) -- At the request of IIROC, Telferscot Resources Inc. (CSE:TFS) (“Telferscot” or the “Company”) wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.  The Company confirms it is working towards the Definitive Agreement as announced in its press release dated November 27, 2017.

About Telferscot Resources Inc.

Telferscot Resources Inc. is a Canadian company listed on the CSE under ticker symbol TFS. For further information and access to the Company’s public disclosure record please consult SEDAR at www.sedar.com or the Canadian Securities Exchange at www.cnsx.ca.

This news release may contain forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Stephen Coates, President
Telferscot Resources Inc.
Office: 416-642-1807
info@telferscotresources.com

Catherine Beckett, Manager Corporate Affairs
Telferscot Resources Inc.
Office: 416-642-1807
info@telferscotresources.com