Recent trading of Tiberon"s shares on the Toronto Stock Exchange has raised a few questions about a possible takeover bid for the company which is developing the Phui Nao tungsten-fluospar-bismuth project in Vietnam.

Tiberon's Board of Directors has announced the company has been approached for a possible acquisition transaction, and the Board and the third party are currently in discussions about a possible acquisition.

In a press statement last week, Tiberon stated: "While it is possible that these discussions could lead to some transaction, there is no assurance that they will lead to a transaction, and there can be no assurance what form such a transaction may take. Shareholders will be kept informed of any material developments.

Tiberon Minerals Ltd. is poised to become the world's largest primary tungsten producer and a major producer of acid-grade fluorspar, as well as bismuth, copper and gold through development of its Nui Phao property in Vietnam. Nui Phao contains over 55 million tonnes of proven and probable reserves (25.1 million tonnes proven, 30.6 million tonnes probable) for an estimated mine life in excess of 16 years, making it one of the largest tungsten-fluorspar deposits located outside China. Tiberon's common shares trade on the Toronto Stock Exchange under the symbol TBR. There are currently 75.4 million common shares outstanding.