LAS VEGAS, May 7, 2012 /PRNewswire/ -- Texas Wyoming
Drilling (OTC: TWDL) announced today that they have signed a Letter
of Intent with Xynergy Holdings, Inc. (OTC: XYNH).
Xynergy Holdings intends to assist in the funding and operations
owned by TWDL including, but not exclusive to, the Yellow Jacket
Mine located at Logandale, NV, the
Blue Jacket Mine located in Nelson,
NV, and additional funding of the NI43-101 Technical Report
for certain mines owned by TWDL.
Xynergy Holdings would be included in management decisions
regarding leasing, funding and joint ventures.
The parties have 45 days to turn this into a definitive, binding
agreement.
THE COMPANY
TWDL is a diversified company involved in mining
development. Through its Legacy Rock Division, the Company is
currently concentrating on gold and precious metals, as well as
calcium carbonate and decorative rock. M3Mining.com
website.
FORWARD LOOKING STATEMENT
This press release contains statements, which may
constitute "forward-looking statements" within the meaning of the
Securities Act of 1933 and Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of
1995. Those statements include statements regarding the
intent, belief or current expectations of Texas Wyoming Drilling,
Inc. and members of its management as well as the assumptions on
which such statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements.
Media and Investor Relations Contact:
A.S. AUSTIN COMPANY, INC.
Phone: (858)53342-1779
Email: twdl@asaustinco.com
SOURCE Texas Wyoming Drilling