TAW

Tawsho Mining Inc. (TSX VENTURE:TAW) ("Company" or "Tawsho") announced today it
has closed the acquisition of the Cabot Property ("The Property") consisting of
5 contiguous licenses containing a total of 100 claims covering an area of 25
km2 . The property is located on the northern tip of the Baie Verte Peninsula in
Newfoundland. 


Tawsho has acquired 100% voting control and an 80% equity ownership in The Cabot
Property with the potential of increasing the ownership to 100%. The purchase
price involves a 5 year work program during which Tawsho must spend a minimum of
$1.5 million on exploration expenditures. A nominal payment of $85,000 is
payable to the vendors of the Cabot property before May 15th, 2012. There is no
NSR (net smelter return) applicable nor are there any shares to be issued to the
vendors.


"We are very pleased with the terms of the acquisition and most enthusiastic
about the potential of the Cabot property. Tawsho now has 2 properties
prospective for gold in Newfoundland (Whisker Valley and Cabot) and one in
Quebec (Chevrier), all of which will be further explored and advanced when the
drilling season commences in May of this year. To date all 3 properties have
shown encouraging drill results and grab samples of gold as announced in
previous press releases," stated Gary Perkins, President and CEO of Tawsho.


The Cabot property is located approximately 12 km north from the village of Baie
Verte and 5 km east of HWY 410 on the northernmost extent of the Baie Verte
Peninsula in north eastern Newfoundland. The property is accessible by road, is
located within 1.5 km from electric power lines and approximately 35 km by road
from the Rambler Mine that is currently being mined and producing a Cu-Co
concentrate and gold. The Cabot property is also located 60 km NNE from the
Whisker Valley Au-Ag property that is currently being explored by Tawsho. The
Cabot Property is prospective for copper and cobalt in the north and gold in the
south.


The Marble Cove Point Gold prospect:

The Marble Cove Point Au prospect is located in the southern portion of the
Cabot Property. Noranda made the original discovery in 1987 and reported assays
for grab samples taken from a quartz vein 0.08 to 1.0 m wide of 9.97 and 8.30
g/t Au. 


British Canadian Mines Ltd. conducted a diamond drilling during the 2003 and
2004 period in the vicinity of the original Marble Cove Point Au showing.
Fifteen holes for a total of 1671 m were drilled along a N-NE trend over an area
about 200 m wide and 800 m. The company reported that the best assay value came
from hole # 02 returning 10 g/tonne Au. Field prospecting conducted on the
property have returned several grab samples containing visible free gold. This
"grass-roots" discovery property occurs in a highly favourable structurally
complex geological terrane.


The Cabot Copper-Cobalt prospect:

The mineralized Cu-Co showing is located in the central portion of the Cabot
property. The Cu-Co mineralization is exposed on surface and has been traced for
a distance of 350 m. Seventeen drill holes (4,869 m of core) completed during
the 1997 -2002 period have extended the Cu-Co as a mineralized sheet averaging
21.6 m in thickness and extending over a 550 m strike length and presently
traced to a depth of 450 m.


This press release was prepared by Gary Perkins, President and CEO of Tawsho.
The technical details in this press release were approved by Edward Procyshyn P.
Geo. who is the qualified person as defined by NI 43-10.


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 9542 hectares, or 95.4 sq. km) in the Chibougamau
region of Quebec and its Whisker Valley project (comprised of 870 claims,
covering an area of 21,875 hectares, or 218.8 sq. km) and the Cabot property,
covering an area of 25 sq. kms, in Baie Verte, Newfoundland. Tawsho currently
has approximately 22 Million shares outstanding.


Forward-looking statements provide an opinion as to the effect of certain events
and trends on the business. Certain statements contained in this news release
constitute forward looking statements. The use of any words such as
"anticipate", "continue", "estimate", "expect", "may", "will", "project",
"should", "believe" and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are based on
current expectations and various estimates, factors and assumptions and involve
known and unknown risks, uncertainties and other factors. Forward-looking
information includes, but is not limited to, statements with respect to the
development potential of the Corporation's properties; the estimation of mineral
reserves and mineral resources; conclusions of economic evaluation; the
realization of mineral reserve estimates; success of exploration activities;
mining or processing issues; government regulation of mining operations; and
environmental risks. Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made. Readers are
cautioned not to place undue reliance on these statements as the Corporation's
actual results, performance, or achievements may differ materially from any
future results, performance or achievements expressed or implied by such
forward-looking statements if known or unknown risks, uncertainties or other
factors affect the Corporation's business, or if the Corporation's estimates or
assumptions prove inaccurate. Therefore, the Corporation cannot provide any
assurance that forward-looking statements will materialize. The Corporation
assumes no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or any other reason except
as required by applicable securities laws.

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