Eurotin Acquires 100% Interest in Oropesa Tin Project in Spain

Eurotin Inc. ("Eurotin" or the "Company") (TSX VENTURE:TIN), is pleased to
announce that the necessary agreements for the transfer to Eurotin of a 100%
interest in the Investigation Permit for the Company's Oropesa tin property in
southwestern Spain (the "Oropesa Tin Property") have now been finalized and
signed by the parties.


Pursuant to a Sale and Purchase Agreement (the "SPA") dated January 30, 2013,
Sondeos & Perforaciones Industriales Del Bierzo, SA ("SPIB") has now transferred
to Eurotin's wholly-owned subsidiary, Minas De Estano De Espana, SLU ("MESPA"),
a 100% interest in Investigation Permit Oropesa number 13050 (the "Oropesa IP").
Also, as of January 30, 2013, MESPA and SPIB have entered into a Shareholder
Agreement (the Sale and Purchase Agreement and the Shareholder Agreement
collectively referred to herein as the "Agreements") relating to their
respective continuing interests in the Oropesa Tin Property.


MESPA was originally granted the rights to acquire the Oropesa IP by SPIB in
December 2007. It was agreed by the parties that MESPA would acquire a 50%
interest by spending EUR1,500,000 on exploration on the Oropesa Tin Property and
a further 50% interest by: 




  1.  either granting SPIB a 1.35% net smelter royalty ("NSR") or paying    
      SPIB 0.90% of the value of the metal reserves in the Oropesa Tin      
      Property; and                                                         
                                                                            
  2.  agreeing to issue to SPIB a 4% equity ownership in MESPA at the time  
      of commercial production.                                             



MESPA has now satisfied all of the relevant foregoing requirements, which in the
case of item 1 above, was satisfied by granting a 1.35% NSR and, as such, the
parties have entered into the Agreements to complete the transfer to MESPA of
the Oropesa IP.


The salient terms of the Agreements include: 



  1.  A transfer to MESPA of a 100% interest in the Oropesa IP.             
                                                                            
  2.  MESPA agrees to deliver a scoping study for the Oropesa Tin Property  
      (the "Scoping Study") by July 2014. In the event that MESPA does not  
      deliver the Scoping Study by July 2014, or the Scoping Study is not   
      positive, a 50% interest in the Oropesa IP shall revert back to SPIB. 
      MESPA, at its option, may extend the deadline for delivery of the     
      Scoping Study by payment to SPIB of EUR20,000 on a quarterly basis    
      until such time as the Scoping Study is delivered.                    
                                                                            
  3.  MESPA shall pay to SPIB a 1.35% NSR from the sale of tin concentrate  
      from the Oropesa Tin Property.                                        
                                                                            
  4.  Upon determination of the feasibility of the project, SPIB shall be   
      issued common shares of MESPA so that SPIB becomes a 4% shareholder of
      MESPA, which percentage ownership shall be fixed and not subject to   
      further dilution.                                                     
                                                                            
  5.  MESPA and SPIB shall establish a technical committee consisting of    
      three individuals, two of which shall be appointed by MESPA and one by
      SPIB. Until delivery of the Scoping Study, all decisions of the       
      technical committee must be unanimous; however, any lack of unanimity 
      cannot delay advancement of the Scoping Study or other project related
      work. Following delivery of the Scoping Study, all decisions of the   
      technical committee shall be effective if taken by a majority of its  
      members.                                                              
                                                                            
  6.  SPIB shall be contracted by MESPA for all drilling on the Oropesa Tin 
      Property subject to SPIB's capacity to fulfil MESPA's requirements and
      competitive pricing for its services.                                 
                                                                            
  7.  For all other works and matters to do with the commercial exploitation
      of the Oropesa Tin Property, excluding plant construction, SPIB shall 
      be given the opportunity to participate in an open tender process. The
      results from the open tender process will be kept confidential from   
      SPIB and, to the extent that SPIB has presented a bid, SPIB will not  
      participate in the decision making process of the technical committee.
      If however (i) SPIB's quotes for any contract or work are competitive 
      and not more than 2% greater than those of an unrelated third party,  
      and (ii) SPIB can demonstrate that it has equal or better technical   
      ability and equipment to fulfil the contract or work, MESPA agrees to 
      give preferential treatment to use SPIB as the contractor.            



Peter Miller, President & CEO of Eurotin, comments: "Having now fulfilled its
obligations for the initial exploration and development of Oropesa, the Company
is delighted that the acquisition of our principal asset is now complete and we
look forward to the development of Oropesa to realize maximum value for our
shareholders."


Forward-Looking Statements 

Results presented in this press release are exploratory in nature. Historical
data, if mentioned, should not be relied upon, as they are not admissible under
NI 43-101 rules and the Company has not conducted sufficient testing to verify
this type of information. In addition, this press release includes certain
forward-looking statements within the meaning of Canadian securities laws that
are based on expectations, estimates and projections as of the date of this
press release. There can be no assurance that such statements will prove
accurate, and actual results and developments are likely to differ, in some case
materially, from those expressed or implied by the forward-looking statements
contained in this press release. Readers of this press release are cautioned not
to place undue reliance on any such forward-looking statements. 


Forward-looking statements contained in this press release are based on a number
of assumptions that may prove to be incorrect, including, but not limited to:
timely implementation of anticipated drilling and exploration programs; the
successful completion of new development projects, planned expansions or other
projects within the timelines anticipated and at anticipated production levels;
the accuracy of reserve and resource estimates, grades, mine life and cash cost
estimates; whether mineral resources can be developed; title to mineral
properties; financing requirements, general market conditions, and the
uncertainty of access to additional capital; changes in the world-wide price of
mineral commodities; general economic conditions; and changes in laws, rules and
regulations applicable to the Company. In addition to being subject to a number
of assumptions, forward-looking statements in this press release involve known
and unknown risks, uncertainties and other factors that may cause actual results
and developments to be materially different from those expressed or implied by
such forward-looking statements. The Company has no intention or obligation to
update the forward-looking statements contained in this press release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eurotin Inc.
David Danziger
Director
(416) 641-4940
www.eurotin.ca
Tincorp Metals (TSXV:TIN)
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