YTC was founded in 2004 to acquire and explore tin and gold/copper projects

in the world-class mineral belts of New South Wales.

Once listed YTC will have 41,031,950 shares on issue and a pro forma market capitalisation of $10.25 million based on the offer price.

YTC has secured substantial support through a partnership, signed in September last year, with the Yunnan Tin Company Group Limited of China (the world's largest producer of tin) whereby Yunnan Tin Group invested Aus$2.67 million in YTC.

The Yunnan Tin Group has also agreed to provide senior level support to the company with the Yunnan Tin Group chairman also holding the chairmanship on the YTC board. The Executive Deputy General Manager of Yunnan Tin Group has also been appointed to a board position.

Yunnan Tin Group will hold 33% of the issued capital on a fully subscribed listing of the company.

YTC is well poised to capitalise on burgeoning world demand for tin, through its ownership of two of Australia's significant historical tin fields, which have had little modern exploration. Current London Metals Exchange (LME) prices for tin are at the highest levels in two decades.

Proceeds from the offer will be used primarily to start immediate drilling programs in the Lachlan and New England Fold Belts in New South Wales, as the company seeks to develop a large scale tin project.

In addition, YTC holds two high quality gold-copper projects in NSW, with the Kadungle Project producing exciting exploration results from drilling completed by YTC in 2006 YTC CEO Rimas Kairaitis says: "We see a significant opportunity to gain exposure to the global tin market, which we believe is undergoing structural changes, resulting from stabilising supply and growing demand.

"Along with the strategic support from our Chinese partners, we hope to play a significant role in assisting Australia reclaim its position as a significant player in global tin production."

Rimas Kairaitis says capital markets have been receptive to the IPO due to the quality of the company's project portfolio and commodity profile, as well as the strength and experience of the leadership team.

"Demand from investment advisors has been strong and we are looking forward to completing the Offer and listing on the ASX so that we can move straight to our drillready targets.

"The company has been exploring privately for two years, however our decision to list has coincided with what we see as the beginning of the tin market responding positively to changes in market fundamentals," Rimas Kairaitis says.