Telferscot Resources Announces Non-Brokered Private Placement; Adds New Director

TORONTO, Ontario, November 14, 2012 – Telferscot Resources Inc. (CNSX:TFS) (“Telferscot” or the “Company”) is pleased to announce that it has completed a non-brokered private placement of 3,313,000 common shares at a price of CAD 0.15 per share for gross proceeds of CAD 496,950. The Securities are legended and restricted from trading for four months.  No commissions were paid in connection with the issue.

 The Company is also pleased to announce that Louis Chertkow is joining the Board of Directors of the Company.  Mr. Chertkow has over 30 years of experience in the distribution industry in North America, as principal and Chief Executive Officer.  Currently Mr. Chertkow is the Chief Executive Officer and majority stockholder of a distribution company with distribution centers throughout the United States.  Mr. Chertkow holds a Master Degree in Finance from MIT, Cambridge Massachusetts.