Trueclaim Exploration Inc. Announces Completion of a $1.25 Million Non-Brokered Private Placement Through MineralFields Group

Trueclaim Exploration Inc. (TSX VENTURE:TRM)(OTCQX:TRMNF) (the "Company") has
completed a non-brokered private placement (the "Private Placement") with the
MineralFields Group for aggregate gross proceeds to the Company of $1,250,000
through the issuance of 4,807,692 flow-through units (each a "Flow-Through
Unit") at a purchase price of $0.26 per Flow-Through Unit. Each Flow-Through
Unit consists of one common share in the capital of the Company, issued on a
flow-through basis under the provisions of the Income Tax Act (Canada), and
one-half of one common share purchase warrant (each whole warrant, a "Warrant").
Each Warrant has a term of 18 months from the date of closing of the Private
Placement (the "Closing Date") and entitles the holder thereof to purchase one
non-flow-through common share of the Company at an exercise price of $0.40 per
share at any time on or before 18 months after the Closing Date.


As payment of a finder's fee in connection with the Private Placement, the
Company issued 442,307 non-transferable options (each a "Finder's Option") to
Limited Market Dealer Inc. ("LMD") and paid a cash finder's fee of $57,500 to
LMD. Each Finder's Option is exercisable to acquire a unit (a "Finder's Unit")
of the Company at an exercise price of $0.26 per Finder's Unit for a period of
18 months from the Closing Date. Each Finder's Unit consists of one
non-flow-through common share in the capital of the Company and one-half of one
non-transferable common share purchase warrant (each whole warrant, a "Finder's
Warrant"). Each Finder's Warrant entitles the holder thereof to purchase one
non-flow-through common share of the Company at an exercise price of $0.40 per
share at any time on or before 18 months after the Closing Date. All of the
securities issued in connection with the Private Placement and to the finder are
subject to a four month hold period expiring April 30, 2010 under applicable
securities laws and the rules of the Exchange. 


"We are genuinely excited with this private placement by MineralFields," noted
John Carter, President of Trueclaim. "It enables us to continue moving forward
with the exploration of our Scadding Gold Project, where we are getting ready to
start an 8,000 metre diamond drilling program."


About MineralFields, Pathway and First Canadian Securities (R)

MineralFields Group (a division of Pathway Asset Management), based in Toronto,
Vancouver, Calgary and Montreal, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. Pathway Asset Management
also specializes in the manufacturing and distribution of structured products
and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class
mutual fund series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities (R) is active in leading
resource financings (both flow-through and hard dollar PIPE financings) on
competitive, effective and service-friendly terms, and offers investment
banking, mergers and acquisitions, and mining industry consulting, services to
resource companies. MineralFields and Pathway have financed several hundred
mining and oil and gas exploration companies to date through First Canadian
Securities (R).


We seek Safe Harbour.

ON BEHALF OF THE BOARD

TRUECLAIM EXPLORATION INC.

John Carter, President

Technical information in this news release has been reviewed by Mr. Bob
Komarechka, P. Geo. and prepared in accordance with Canadian regulatory
requirements as set out in National Instrument 43-101. Company Management, which
takes full responsibility for content, prepared this news release. Some of the
statements contained in this release are forward-looking statements, such as
estimates and statements that describe the Company's future exploration and
financing plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to occur. Since
forward-looking statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties. Actual results in each
case could differ materially from those currently anticipated in these
statements. Such risks include expectations that may be raised by discussing
potential mine types and by comparing the Company's projects to other projects.
Also, in order to proceed with the Company's exploration and acquisition plans,
additional funding is necessary and, depending on market conditions, this
funding may not be forthcoming on a schedule or on terms that facilitate the
Company's plans. 


This news release contains "forward-looking information" (within the meaning of
applicable Canadian securities laws) and "forward-looking statements" (within
the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such
statements or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate", "propose",
"project", "outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook. Such statements include, among others, those
concerning the proposed diamond drilling program. All statements in this news
release, other than statements of historical facts, which address future
production, reserve potential, exploration activities and events or developments
that the Company expects, are forward-looking statements. Such forward-looking
information or statements are based on a number of risks, uncertainties and
assumptions which may cause actual results or other expectations to differ
materially from those anticipated and which may prove to be incorrect.
Assumptions have been made regarding, among other things, management's
expectations regarding its ability to complete its development work as expected.
Actual results could differ materially due to a number of factors, including,
without limitation, operational risks in the completion of the Company's
continued development work, technical, safety or regulatory issues, market
prices, exploitation and exploration successes, continued availability of
capital and financing, and general economic, market or business conditions.
Although the Company believes that the expectations reflected in the
forward-looking information or statements are reasonable, prospective investors
in the Company's securities should not place undue reliance on forward-looking
statements because the Company can provide no assurance that such expectations
will prove to be correct and actual results or developments may differ
materially from those projected in the forward-looking statements.
Forward-looking information and statements contained in this news release are as
of the date of this news release and the Company assumes no obligation to update
or revise this forward-looking information and statements except as required by
law.