Dispute with Celtic MineralsFurther to the announcement made on...

Dispute with Celtic Minerals
Further to the announcement made on 23rd December 2011, regarding the Company’s dispute with Celtic over their respective shares in the 20% interest in the Crater Mountain Project, the Company has now reached an agreement to settle the dispute, subject to documentation being finalised.
The main terms of the settlement are:
1. TPJ and Celtic share the contractual right to participate on a free carried and undilutable basis for a total of 10% of the project (8% for TPJ and 2% for Celtic respectively) through to the completion of a bankable feasibility study;
2. TPJ to pay CAN$ 100,000 to Celtic for its share of the proceeds that TPJ received in June 2010 from the sale of Gold Anomaly Limited's stock allotted to TPJ (as the manager of the joint venture with Celtic) pursuant to the terms of the project joint venture agreement;
3. Arbitration proceedings will be terminated; and
4. Each party will pay its own costs.
The Company and Celtic will work together with Gold Anomaly to have their respective rights and interests registered with the mining authorities in PNG as soon as is possible

From the TPJ web site
Nice to see posative out come
one less worry