EX-99.24 37 exhibit9924.htm MATERIAL CHANGE REPORT DATED NOVEMBER 6, 2009 Converted by EDGARwiz

BC FORM 51-102F3

Material Change Report

Item 1.

Name and Address of Company

State the full name and address of your company and the address of its principal office in Canada.

TERYL RESOURCES CORP.

#240 – 11780 Hammersmith Way

Richmond, BC   V7A 5E9

Phone:  (604) 278-5996

Item 2.

Date of Material Change

State the date of the material change.

November 5, 2009

Item 3.

News Release

State the date and method(s) of dissemination of the news release issued under section 7.1 of National

Instrument 51-102.

November 5, 2009

The press release relating to this material change was distributed and filed by,

Marketnews Publishing, Inc. and Stockwatch on November 5, 2009.

Item 4.

Summary of Material Change

Provide a brief but accurate summary of the nature and substance of the material change.

The Company announced that it has granted incentive stock options to a consultant of the

Company  to  purchase  up  to  50,000  common  shares  at  a  price  of  $0.185  per  share,

exercisable for a period of five years from the date of granting.

Item 5.

Full Description of Material Change

Supplement the summary required under Item 4 with the disclosure that should be sufficient disclosure to

enable a reader to appreciate the significance and impact of the material change without having to refer to

other material. Management is in the best position to determine what facts are significant and must disclose

those facts in a meaningful manner. See also Item 7.

Some  examples  of  significant  facts  relating  to  the  material  change  include:  dates,  parties,  terms  and

conditions,  description  of  any  assets,  liabilities  or  capital  affected,  purpose,  financial  or  dollar  values,

reasons  for  the  change,  and  a  general  comment  on  the  probable  impact  on  the  issuer  or  its  subsidiaries.

Specific financial forecasts would not normally be required.

Other additional disclosure may be appropriate depending on the particular situation.

For a full description of the material change, see Schedule “A”.

Item 6.

Reliance on subsection 7.1(2) of National Instrument 51-102

If this report is being filed on a confidential basis in reliance on subsection 7.1(2) of National Instrument

51-102, state the reasons for that reliance.

Not applicable.



Instruction:

Refer to subsections 7.1(5) and (7) of National Instrument 51-102 concerning continuing obligations in

respect of reports filed under subsection 7.1(2) of National Instrument 51-102.

Item 7.

Omitted Information

State whether any information has been omitted on the basis that it is confidential information.

In  a  separate  letter  to  the  applicable  regulator  or  securities  regulatory  authority  marked  “Confidential”

provide the reasons for your company’s omission of confidential significant facts in the Report in sufficient

detail to permit the applicable regulatory or securities regulatory authority to determine whether to exercise

its discretion to allow the omission of these significant facts.

Not applicable.

Instruction:

In  certain  circumstances  where  a  material  change  has  occurred  and  a  material  change  report  has  been  or  is

about  to  be  filed  but  section  85  of  the  Act  will  no  longer  or  will  not  be  relied  upon,  a  reporting  issuer  may

nevertheless believe  one or more  significant facts  otherwise  required  to  be  disclosed  in the  material change

report  should  remain  confidential  and  not  be  disclosed  or  not  be  disclosed  in  full  detail  in  the  material

change report.

Item 8.

Executive Officer

Give   the   name   and   business   telephone   number   of   an   executive   officer   of   your   company   who   is

knowledgeable about the  material  change and  the  Report, or  an  officer  through  whom the  executive  officer

may be contacted.

John G. Robertson

President

(604) 278-5996

Item 9.

Date of Report

DATED at Richmond, British Columbia this 6th  day of   November    , 2009.

TERYL RESOURCES CORP.

Per:

“John Robertson”

(Authorized Signatory)

John Robertson, President

(Print name and title)



SCHEDULE “A”

TERYL RESOURCES CORP.

#240 – 11780 Hammersmith Way

Richmond, BC  V7A 5E9

Phone:  604-278-5996     Fax:  604-278-3409

Toll Free: 800-665-4616

www.terylresources.com

N E W  S   R E L E  A S E

Teryl Resources Corp.

(the “Company”)

TSX Venture Exchange: TRC.V

OTCBB: TRYLF

TERYL RESOURCES CORP. ANNOUNCES GRANT OF

OPTIONS

For  Immediate  Release:  November  5,  2009,  Vancouver,  BC  –  Teryl  Resources  Corp.  (TSX  Venture

Exchange:  TRC.V)  is  pleased  to  announce  that  it  has  granted  incentive  stock  options  to  a  consultant  of

the  Company  to  purchase  up  to  50,000  common  shares  at  a  price  of  $0.185  per  share,  exercisable  for  a

period of five years from the date of granting.

The  granting  and  amendment  of  the  options  is  subject  to  regulatory  acceptance.   Shareholder  approval

for  the  granting  and  exercise  of  incentive  stock  options,  and  disinterested  shareholder  approval  for

decreasing  the  exercise price of  options, was  obtained  at the Company’s annual general meeting held on

October 29, 2008.

ABOUT TERYL RESOURCES

With  interests  in  four  gold  properties,  Teryl  Resources  Corp.  is  one  of  the  main  landowners  in  the

Fairbanks Mining District, Alaska. The Gil project is a joint venture with Kinross Gold Corporation (TSX: K;

NYSE:  KGC)  (80%  Kinross/20%  Teryl).  To  date  USD  $9  million  has  been  expended  on  exploration  by

Kinross  and  Teryl  on  the  Gil  joint  venture  claims.  A  USD$1.6  million  budget  has  been  approved  for  2009

to  draft  test several gold anomolies on  the  Gil Claims.  The  Company’s  other  Alaska  holdings also  include

the  Fish  Creek  Claims,  50%  optioned  from  Linux  Gold  Corp.  (OTC  BB:  LNXGF);  the  Stepovich  Claims,

where  Teryl  has  a  10%  net  profit  interest  from  Kinross;  and  a  100%-interest  in  the  West  Ridge  property.

Teryl  also  has  one  joint  venture  silver  prospect  located  in  Northern  BC,  Canada.  Teryl  Resources  Corp.

has revenue from oil and gas projects in Texas and Kentucky. For further information visit the Company’s

website at http://www.terylresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

“John Robertson”

John Robertson

President

Press Release contact information:

For further information, please contact:

John Robertson

President, Teryl Resources Corp.

T:  800-665-4616

www.terylresources.com



READER ADVISORY

This  news  release  may  contain  certain  forward-looking  statements,  including  management's  assessment  of  future  plans  and

operations,  and  capital  expenditures  and  the  timing  thereof,  that  involve  substantial  known  and  unknown  risks  and  uncertainties,

certain  of  which  are  beyond  the  Company's  control.  There  can  be  no  assurance  that  such  statements  will  prove  accurate,  and  actual  results

and  developments  are  likely  to  differ,  in  some  case  materially,  from  those  expressed  or  implied  by  the  forward-looking  statements  contained  in

this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.

Forward-looking  statements  contained  in  this  press  release  are based on  a number  of  assumptions  that  may  prove  to  be  incorrect,  including,  but

not  limited  to:  timely  implementation  of  anticipated  drilling  and  exploration  programs;  the  successful  completion  of  new  development  projects,

planned  expansions  or  other  projects  within  the  timelines  anticipated;  the  accuracy  of  reserve  and  resource  estimates,  if  any,  grades,  mine  life

and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; changes in laws, rules

and  regulations  applicable  to  Teryl,  and  changes  in  how  they  are  interpreted  and  enforced,   delays  resulting  from  or  inability  to  obtain

required  regulatory  approvals  and  ability  to  access  sufficient  capital  from  internal  and  external  sources,  the  impact  of  general

economic  conditions  in  Canada,  and  the  United  States,  industry  conditions,    increased  competition,  the  lack  of  availability  of

qualified  personnel  or  management,  fluctuations  in  foreign  exchange,  stock  market  volatility  and  market  valuations  of  companies

with  respect  to  announced  transactions.  The  Company's  actual  results,  performance  or  achievements  could  differ  materially  from

those  expressed  in,  or  implied   by,  these  forward-looking  statements,  including  those  described  in  the  Company's  Financial

Statements,  Management  Discussion  and  Analysis  and  Material  Change  Reports  filed  with  the  Canadian  Securities  Administrators

and  available  at  www.sedar.com,  and  the  Company’s  20-F  annual  report  filed  with  the  United  States  Securities  and  Exchange

Commission  at  www.sec.gov.   Accordingly,  no  assurances  can  be  given  that  any  of  the  events  anticipated  by  the  forward-looking

statements  will  transpire  or  occur,  or  if  any  of  them  do  so,  what  benefits,  including  the  amount  of  proceeds,  that  the  Company  will

derive therefrom.

Readers  are  cautioned  that  the  foregoing  list  of  factors  is  not  exhaustive.  All  subsequent  forward-looking  statements,  whether

written  or  oral,  attributable  to  the  Company  or  persons  acting  on  its  behalf  are  expressly  qualified  in  their  entirety  by  these

cautionary  statements.  Furthermore,  the  forward-looking  statements  contained  in  this  news  release  are  made  as  at  the  date  of  this

news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking

statements,  whether  as  a  result  of  new  information,  future  events  or  otherwise,  except  as  may  be  required  by  applicable  securities

laws.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.