Transnational Automotive Group, Inc. (OTCPK:TAMG) is in negotiations with a mineral development company to acquire an interest in 70 contiguous mining claims located in the Pacific Northwest. Transnational expects that the negotiations will be concluded by the end of this month, March 2014. Philip Dutoit, Chief Executive Officer of Transnational Group said, "We are pleased to announce that Transnational Group is in negotiations to acquire an interest in a large iron deposit in the Pacific Northwest.

The company expects to finalize this acquisition in the near future at which time we will provide shareholders with more information regarding the property and its production potential". He also added, "This acquisition will mark the beginning stage of our mission to become a highly successful producer of iron ore and other natural resources by exploring and entering profitable partnerships and joint ventures".