Tres-Or options Duvay gold project

Tres-Or Resources Ltd (C:TRS)
Shares Issued 74,366,530
Tuesday May 25 2010 - News Release

Ms. Laura Lee Duffett reports

TRES-OR OPTIONS 100% OF ADVANCED DUVAY GOLD PROJECT IN QUEBEC
Tres-Or Resources Ltd. has signed a letter of intent to option a 100-per-cent interest in the Duvay gold project, an advanced gold project located in the Abitibi greenstone belt approximately 17 kilometres northwest of Amos, Que. The Property consists of 4 claims (169 hectares) in Duverny Township. According to government reports, visible gold was discovered at the Duvay site in the late 1930s, and considerable work consisting of stripping, test pits, and drilling has occurred on the Property is subsequent decades of the 1940s, 1980s, and 1990s. Mineralization is associated with a northwest trending shear zone, and intersecting northeast trending faults that cut altered mafic to intermediate flows and pillowed and massive flows of the Amos subgroup volcanics. Gold mineralization also reportedly occurs within a series of quartz vein systems, in the native state as well as being associated with pyrite, chalcopyrite, sphalerite and minor galena. Sementiou Inc. ("Sementiou") owns 100% interest in the Property subject to a Gross Metals Royalty (GMR) in favour of Globex Mining Enterprises Inc. entitling the holder to 1.5% (where gold is US$800 per ounce or less) and 2% (where gold is US$800 per ounce or greater). On signing of the Letter of Intent, Tres-Or paid a non-refundable cash payment of $10,000 to Sementiou and was granted the sole exclusive right and option to earn an undivided 40% interest in the Property by paying the sum of $115,000 cash and issuing 250,000 shares subject to TSX Venture Exchange acceptance of this agreement, and by incurring expenditures on the property totaling $275,000 on or before September 30, 2010. The expenditures shall include but not be limited to, creation of a comprehensive 3-D geographical information system (GIS) compilation of all existing geological data on the Property and structural field sampling, mapping, testing and analyses. On completion, Tres-Or shall be deemed to have acquired an undivided 40% right, title and interest in the Property.
Tres-Or can acquire a further 10% interest for a total of 50% undivided interest by issuing a total of 500,000 shares (200,000 by December 31, 2010 and the remaining 300,000 by June 30, 2011) and by incurring exploration work expenditures of $1,000,000 ($500,000 of such expenditures to be incurred on or before December 31, 2010 and the balance by June 30, 2011). Further, Tres-Or will pay the sum of $225,000 on or before June 30, 2011.
Having acquired the 50% interest, Tres-Or has the option to earn a further 15% interest by completing a 43-101 compliant technical report on the Property. Tres-Or will have earned a 65% undivided interest in the property by completing a 43-101 compliant report and issuing 500,000 shares within 24 months of the signing of the Option Agreement.
Tres-Or has the option to earn up to 100% interest, subject only to the Royalty. Tres-Or on having deemed to have acquired a total of 65% undivided interest in the Property can earn a further 15% interest for a total of 80% interest by incurring $4,000,000 in expenditures. When Tres-Or has acquired an 80% interest in the Property, it has the right to acquire the remaining 20% interest by effecting a merger, amalgamation or other form of business combination with Sementiou, or Tres-Or can purchase any or all of the 20% interest by paying the sum of $1,000,000 for each 1% interest in the Property to be purchased.
Earlier this year, Tres-Or entered into a property option agreement with Sementiou to acquire up to an undivided 76% right, title and interest in 11 different Quebec gold projects located in the Abitibi-TAcopyrightmiscamingue region of northwestern Quebec. All of the claim groups contain gold showings as reported by the Quebec government (see news release dated January 21, 2010).
Tres-Or's Quebec gold properties are at varying stages of exploration ranging from advanced to grass roots. Site visits were completed in May to several of the highest priority properties including the Duparquet, Fabre and the Duvay Gold Project, the subject of the 100% Option Agreement. The visits confirm exploration potential and have produced plans for fieldwork in the summer. Tres-Or is the project Operator.
Laura Lee Duffett, President and CEO of the Company is the qualified person by the standards of National Instrument 43-101 overseeing the project and is responsible for the scientific and technical information in this news release.