U.S. Markets close in 23 mins

Trueclaim Exploration Inc. Earns Working Interest in Scadding Project

LONDON, ONTARIO--(Marketwire - April 21, 2011) - Trueclaim Exploration Inc. (the "Company") (TSX VENTURE:TRM - News; OTCQX:TRMNF) has completed its earn-in of a 51% working interest in the Scadding Gold Property northeast of Sudbury, Ontario (the "Property"). The Company is pleased to reach this milestone well in advance of the August 2012 deadline set out in the option agreement whereby the Company acquired its interest in the Property from Currie Rose Resources Inc. ("Currie Rose").The Company can increase its interest in the Property from 51% to 100% by paying Currie Rose the amount of $2,000,000 in cash on or before commencement of commercial production on the Property. The Property is subject to 3% net smelter return royalty.The Company is continuing its 8,000 metre diamond drilling program on the Property and expects to announce another tranche of assay results early next week. The Company is happy with the progress being made and the enhanced understanding of the potential for mineralization being obtained from this program. SRK Consultants (Canada) Inc. is working with the Company's geological team to plan orientation and delineation drilling to assist the preparation of an NI43-101 compliant mineral resource.The Company is pleased that the first airing of a Today in America segment featuring the Company and narrated by Terry Bradshaw will be on the Fox Business Network starting Saturday, April 23, 2011 at 4pm EST.The Company's new website is being launched today. Please visit us at www.trueclaimexploration.com. We are confident that this new site will enable investors to get a better understanding of the company and the potential of its properties.We seek Safe Harbour.TRUECLAIM EXPLORATION INC.John Carter, PresidentTechnical information in this news release has been reviewed by Mr. Bob Komarechka, P. Geo., acting as a consulting Project Geologist for the Company, and prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. Company Management, which takes full responsibility for content, prepared this news release.This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, those concerning the exploration program(s). All statements in this news release, other than statements of historical facts, which address future production, reserve potential, exploration activities, financing plans, objectives or goals, and events or developments that the Company expects, are forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding its ability to complete its exploration and development work as expected. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company's continued development work, technical, safety or regulatory issues, market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Actual results or developments may differ materially from those projected in the forward-looking statements. Such risks include expectations that may be raised by discussing potential mine types and by comparing the Company's projects to other projects. Also, in order to proceed with the Company's exploration and acquisition plans, additional funding is necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate the Company's plans. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.