Tuffnell Ltd. Announces Fully Subscribed Financing for Phase 3 at Its Little Butte Gold/Copper Project in Arizona.



LONDON, April 20, 2011 /CNW/ -- Tuffnell Ltd. (Tuffnell or "the Company") (OTC Bulletin Board: TUFF) is pleased to announce that it has closed a $300,000 US fully subscribed private placement to fund its Phase 3 Exploration program at the Little Butte Gold/Copper Project.

This financing raised aggregate proceeds of $300,000.00 US and was comprised of 1,500,000 Units priced at US $.20 per Unit for one common share and one common share purchase warrant. Each Warrant is non-transferable and entitles the holder to purchase one common share of Tuffnell for a period of twenty four months beginning April 15, 2011 at a price of US $.25. These Units are being issued pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S") and Tuffnell did not engage in any general solicitation or advertising regarding this Unit offering. The private placement was fully subscribed by a Non US Corporation.


    About The Company


Tuffnell Ltd. (OTC BB: TUFF) is a mineral exploration Company focused on maximizing returns for its shareholders by exploring and developing low-cost gold assets in proven mining districts. With a focus primarily on the State of Arizona, Tuffnell Exploration has put together a team of highly qualified, strongly motivated individuals with the experience required to advance our corporate vision.

Based on geological potential, infrastructure proximity, and previously undertaken exploration, Tuffnell Ltd. selects properties of merit so as to provide its shareholders with the highest probability of success. The company's main property, known as Little Butte, is located in La Paz county Arizona and has previous exploration history indicating that resources are present and the prospect for economic recovery of gold support management's decision to proceed with further exploration. Tuffnell holds a 100% option to 85 unpatented mining claims and 7 patented claims. Total Land holdings including patented claims total 1,840 acres or 2.88 square miles. The Little Butte Project lies in the historic Plomosa District, 20 miles north of the town of Quartzite, Arizona and approximately 150 miles southeast of Las Vegas, Nevada.


    Safe Harbour Statement:


This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

The forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's website at www.sec.gov.


    CONTACT: Investor Relations 1-800-459-0794


SOURCE Tuffnell Ltd.

For further information: Web Site: http://www.tuffex.com

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Tuffnell Ltd.

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