Tierra Grande Resources Inc. Enters Merger Agreement with Live Music Technology Platform VNUE, Inc.

April 14, 2015 1:21 PM EDT | Source: Tierra Grande Resources Inc.

West Perth, Western Australia--(Newsfile Corp. - April 14, 2015) - Tierra Grande Resources Inc. (OTC Pink: TGRI) (the "Company") today announced that it has entered into a definitive merger agreement with privately held VNUE, Inc. and TGRI Merger Corp, the Company's wholly-owned subsidiary. Upon closing of the merger, the shareholders of VNUE will control approximately 80% of the outstanding shares of the Company and the business of VNUE will be pursued by the Company going forward. The merger is anticipated to close before April 30th, 2015, and is subject to various closing conditions, including completion of due diligence by the parties and approval of the merger by VNUE shareholders. At the effective time of the Merger, VNUE's current officers and directors will be appointed as officers and directors of the Company.

Said Simon Eley, Chairman of the Company, "This transaction provides our shareholders the opportunity to participate in the growth of VNUE, which is focused on developing online digital content technology. Given its relationships and reach, VNUE is poised for success in an industry that is increasingly looking to new business models for growth and consumer engagement. We are very pleased to have entered this transaction and look forward to VNUE driving the company forward."

Said Matthew Carona, CEO of VNUE, Inc, "This merger is a logical next step in our company's life cycle that creates substantial value for customers and stockholders of both VNUE and Tierra Grande Resources."

About VNUE, Inc.

VNUE is a live music technology company and digital distribution network that brings artists, fans and the industry together by capturing live performances through an application based platform. The VNUE app is available for download on all iOS devices. Artists use VNUE's Front of House (FOH) iOS Application to easily record and upload audio of live performances for purchase by fans shortly following a show, while professional video can be available within 24hours. By using the VNUE platform, artists create, market and distribute their shows while creating new revenue streams. Fans are able to connect with their favorite performers in a new way, discover new performances and listen to and watch their shows on their mobile devices, computer or TV. To learn more about VNUE, visit www.vnue.com. Follow VNUE on Tumblr at vnueinc.tumblr.com or on Twitter @VNUEINC.

About Tierra Grande Resources Inc.:

Tierra Grande Resources is an exploration stage company whose principal business is the acquisition and exploration of mineral resources. Information about the business of the company can be found in its filings with securities regulatory authorities.

Forward-looking Statements:

This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could", "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with the Securities and Exchange Commission and available at www.sec.gov.

For further information, please contact Mr. Andrew Gasmier, President, at +61 409 102 356.

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