Vaaldiam Receives Interim Order for Transaction With Tiomin and Provides Update Regarding Previously Announced Unsolicited Take-Over Bid

TORONTO, ONTARIO–(Marketwire – Feb. 8, 2010) – Vaaldiam Resources Ltd. (TSX:VAA) announced today that it obtained an interim order from the Ontario Superior Court of Justice (Commercial List) with respect to Vaaldiam’s previously-announced Plan of Arrangement with Tiomin Resources Inc. (”Tiomin”) (TSX:TIO) (see press release dated January 18, 2010). Pursuant to the plan of arrangement Tiomin will acquire all of the outstanding common shares of Vaaldiam in an all-share transaction on the basis of 0.80 Tiomin common share for each Vaaldiam common share (the “Plan of Arrangement”). Following completion of the Plan of Arrangement, and subject to regulatory approvals, Vaaldiam will be a wholly-owned subsidiary of Tiomin with Vaaldiam’s existing shareholders owning approximately 30% of Tiomin.