True Grit Resources Ltd. - Loan Transaction

VANCOUVER, April 3, 2013 /CNW/ - True Grit Resources Ltd. (TSX: TGI.H) (NEX: TGI.H) reports that the Board of Directors has authorized management to proceed with loan arrangements for a term of one year whereby the Company will borrow $80,000. Under the terms of the loan agreements, lenders will be paid 10% interest and will receive a 20% bonus, payable in shares of the Company at a deemed price of $0.09 per share. The proceeds will be used to continue exploration work on the Company's Cooks Creek property and for general working capital. This transaction is subject to the approval of the TSX Venture Exchange.

On behalf of the Board,
TRUE GRIT RESOURCES LTD.

Allan W. Williams
President and CEO

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

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

SOURCE: True Grit Resources Ltd.

615 - 800 West Pender St., Vancouver, B.C. V6C 2V6
TELEPHONE: [phone] FACSIMILE: [phone]