Tawsho Mining Inc. Announces Closing of Flow-Through Private Placement

Tawsho Mining Inc. (TSX VENTURE:TAW) ("Tawsho" or the "Corporation") announces
it has completed a non-brokered flow-through private placement offering to
arm's-length and non-arm's-length parties (the "Offering"), as announced in a
previous news release dated May 17, 2012. Tawsho issued 2,229,500 flow-through
units at a price of $0.25 per unit, raising gross proceeds of $557,375. Each
flow-through unit consists of one flow-through common share and one common share
purchase warrant. Each warrant entitles the holder to purchase one
non-flow-through common share of Tawsho at a price of $0.30 per share for a
period of two years from the date of issuance.


Insiders of the Corporation subscribed for 65% of the Offering. No finder's fees
were paid by the Corporation in respect of the Offering. All securities issued
to purchasers under the Offering are subject to a four-month hold period
expiring November 6, 2012, as required under applicable securities legislation
and the policies of the TSX Venture Exchange.


The proceeds of the Offering will be used for the exploration and development of
Tawsho's properties in Newfoundland and Quebec, and for general working capital.


About Tawsho Mining Inc. 

Tawsho is a mining exploration company focused on the acquisition, exploration
and development of gold resources and advanced stage gold exploration projects.
The Corporation is presently developing its Chevrier project (comprised of 557
claims, covering an area of 9,542 hectares, or 95.4 sq.km) in the Chibougamau
region of Quebec and its Whisker Valley project (comprised of 913 claims,
covering an area of 21,875 hectares, or 218.8 sq. km) and the Cabot Property
(comprised of 100 claims, covering an area of 2,500 hactares, or 25 sq. km) in
BaieVert, Newfoundland.