Buckingham Exploration Inc. Announces Extension of Warrants

January 14, 2013 1:05 PM EST | Source: Tierra Grande Resources Inc.

Canon City, Colorado--(Newsfile Corp. - January 14, 2013) - Buckingham Exploration Inc. (OTCQB: BUKX) (the “Company”) announces today that it has further extended the exercise date of (i) 7,500,000 warrants issued to a private placee pursuant to a financing which closed on December 20, 2010 and (ii) 17,500,000 warrants issued to private placees pursuant to a financing which closed on February 11, 2011, to February 11, 2014. The expiry date of the warrants had been previously extended to February 11, 2013. There has been no change to the other terms of the warrants, including the exercise price of the warrants of $0.10 per share. Each warrant, when exercised, is exchangeable for one share of common stock of the Company.

About Buckingham Exploration Inc.:

Buckingham Exploration 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. Simon Eley at +61 439 993 146.

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Source: Tierra Grande Resources Inc.

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