News & Events

Exchange Bulletin

Iron Tank Resources Corp. To Trade On The TSX Venture Exchange

March 22, 2012

IRON TANK RESOURCES CORP. ("TNK")
BULLETIN TYPE: New Listing-Shares, Private Placement-Brokered
BULLETIN DATE: March 22, 2012
TSX Venture Tier 2 Company

1. New Listing-Shares

Effective at the opening Friday, March 23, 2012, the common shares of the Iron Tank Resources Corp. (the "Company") will commence trading on TSX Venture Exchange. The Company is classified as a 'Mineral Exploration' company.

Corporate Jurisdiction: British Columbia

Capitalization: Unlimited common shares with no par value of which
11,272,968 common shares are issued and outstanding
Escrowed Shares: 1,655,239 common shares

Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: TNK
CUSIP Number: 463008 10 2

For further information, please refer to the Company's Listing Application dated March 15, 2012.

Company Contact: Tony Ricci
Company Address: 302 - 750 West Pender Street,
Vancouver, BC V6C 2TZ
Company Phone Number: (604) 681-0084
Company Fax Number: (604) 681-0094
Company Email Address: tony@keeganresources.com

2. Private Placement-Brokered

TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement disclosed in the Listing Application:

Number of Shares: 6,000,000 common shares

Purchase Price: $0.10 per share

Number of Placees: 37 placees

Insider / Pro Group Participation: None

Agent's Fee: Union Securites Ltd. will receive a cash commission of $36,000 and 610,000 warrants allowing the agent to acquire one common share of the Company at $0.15 for 18 months.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.