Tumi Granted Gussarvet Historical Tungsten Resource in the Bergslagen District, Sweden

TSXV - TM
Frankfurt - TUY
Pink Sheets - TUMIF

VANCOUVER, Nov. 9, 2011 /CNW/ - Tumi Resources Limited (the "Company") (TSXV-TM; Pink Sheets - TUMIF; Frankfurt - TUY). Mr. David Henstridge, President, reports that the Company has acquired through staking the Gussarvet exploration licence totaling 519 hectares in south-central Sweden.  This licence is in addition to the four tungsten licences previously staked - Wigstromsgruvan, Sandudden, Gansgruvan and Gensgruvan.

The primary target commodity on all five licences is tungsten and associated fluorite.  Tungsten is a strategic metal that has seen its value increase by more than 70% since October 2010. The tungsten metal market is expected to see shortages beginning in 2012, which are due in part to export restrictions imposed by China. China is currently the largest producer with 2009 data showing greater than 75% of global production but is soon expected to be a net importer of the metal. By staking this additional claim the Company will be well positioned for tungsten exploration in Sweden over the coming years.

Brief details of the five licence areas are as follows:

Gussarvet:  Flood et al, 1981 report (Grb 232) inferred historical resources* of 200,000 tonnes at 0.34% WO3 following a 15 hole diamond drill program in which drill hole GAH 6 intersected 7.75 m averaging 0.64% WOand 31.3 m grading 0.37% WO3. The tungsten mineralization occurs in skarn and epidote-quartzite associated with an approximately 100 m wide NE-SW trending carbonate horizon. According to the 1981 report, the SW end of the mineralization appears to be cut by a fault, and one of our objectives will be to locate the extension of the mineralization on the other side of the fault. The report also suggests that the mineralization may be open towards depth, thus making this a high priority target. The Hällsjön-Gussarvet area remains under-explored and will be one of the first areas to be studied by the Company to confirm and increase the historical resource.

Wigstromsgruvan:  The licence area contains a small historic tungsten mine that fed ore to the nearby Yxsjöberg mine mill. Scheelite (CaWO3) and fluorite (CaF2) mineralization occur in garnet-diopside skarn within mafic metavolcanics.  Production figures reveal that 130,456 tonnes of ore grading 0.28% WO3 were shipped to the mill.  Ore was produced from a slot-cut approximately 200 m long and up to 50 m deep.  Records suggest the mineralization remains open along strike and at depth, hence significant mineral resources remained in place at the time of the mine closure.

Sandudden:  Scheelite and fluorite ore from a test-pit was also shipped to the Yxsjöberg mill with mineralization having similar characteristics to that found at Wigstromsgruvan. Production from the test-pit was 17,080 tonnes grading 0.22% WO3, mined from two benches to a depth of 10 m.  Kontio, et al, 1979 report (Grb 57) inferred historical resources* in the area of 422,000 tonnes at a grade of 0.25% WO3 and 5% CaF2. The Sandudden area remains under-explored and will be one of the first areas to be studied by the Company to both confirm and increase the historical resource.

Gustavsberg: The licence area contains a historic iron mine in the Riddarhyttan area of central Sweden. Documentation from the mine indicated that copper and tungsten mineralization was found in the skarn adjacent to the iron ore. Mine geologists reported discoveries of "up to football-sized patches of scheelite" in the footwall skarn. The mineralization is located in a N-S to NW-SE trending band of thinly bedded/banded metavolcanic rocks of alternating felsic and mafic nature. No modern exploration for tungsten has been done in the area although prospectors have been reporting scheelite occurring in the remnant waste dumps at the mine; a recent inspection by Company geologists discovered scheelite in excess of 4 cm in size. This information suggests the Gustavsberg licence area to be a prime target for modern tungsten exploration.

Gensgruvan:  A small mine operated within the licence area for a few years in the 1940's. Production figures from 1944 record 1,600 tonnes of ore were mined with an average grade of 0.3% WO3.  Another small mine was also recorded in the area, named Molybdengruvan, with grades of 0.34% WO3. Geological surveys at the time discovered a number of untested outcrops containing mineralization. Also, a large number of mineralized boulders were discovered, but the source was not located.

Mr Henstridge stated: "Considerable research has resulted in the Company obtaining 100% ownership of five areas with a high potential for tungsten and fluorite mineralization. The Sandudden and Gussarvet areas, containing historical resources, will be the first to be studied. The restrictions by China in tungsten exports suggest that this commodity will see near-term supply shortages, and it is likely that the tungsten price will continue to increase."

*The data is historical in nature and was compiled prior to the implementation of NI 43-101 reporting standards. The Company has not completed sufficient exploration to verify the estimates and is not treating them as NI 43-101 defined-resources or reserves verified by a Qualified Person; the historical estimate should not be relied upon.

The qualified person for the Company's projects, Anders Hogrelius, a Member of the Australian Institute of Geoscientists, has visited all of the Company's properties in Sweden and has verified the contents of this news release.

On behalf of the Board,
"David Henstridge"
David Henstridge, President & CEO

Forward Looking Statements This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management.  Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events.  Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Tumi Resources Limited

For further information:

Company Contact:  
Mariana Bermudez at (604) 699-0202
or email: mbermudez@chasemgt.com
website: www.tumiresources.com
        Investor Information Contact: 
Mining Interactive
Nick L. Nicolaas at (604) 657-4058
or email: nick@mininginteractive.com

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