Temex Resources Corp.: Deep drilling continues to intersect high grade gold

Temex Resources Corp.: Deep drilling continues to intersect high grade gold

Temex Resources Corp. announces that drilling on the Whitney Township Property is continuing to intersect high grade gold values on the Hallnor deep targets with all holes drilled to date having intersected visible gold. The Property occurs within a 4 kilometre long, 10+ million ounce mine trend and includes the former Broulan Reef and Hallnor Mines. The Hallnor Mine was one of the highest grade gold mines in the 65 million ounce Timmins Gold Camp with historic production totalling more than 1.65 million ounces of gold at an average grade of 0.40 opt (13.71 g/t).

Drilling has been testing for the down dip, down plunge extensions of the lower Hallnor vein systems, specifically the 11 and 19 Vein systems. These two main high grade vein systems were mined up to a former property boundary and produced 450,000 tons grading 0.30 opt (10.29 g/t) gold and 650,000 tons grading 0.42 opt (14.40 g/t) gold. Drilling to date has successfully intersected the extensions of several vein structures and the results to date of this program are listed in the attached table. Additional results will be released as they become available.

All holes drilled have intersected visible gold and significant results obtained to date by Temex on the 19 Vein include 21.10 g/t gold over 6.55 metres and 21.02 g/t gold over 2.30 metres. Several other high grade veins have been intersected within the broad 19 Vein alteration halo which will also require follow up drilling including 20.73 g/t gold over 0.50 metres, 33.40 g/t gold over 0.50 metres, 30.73 g/t gold over 0.95 metres and 5.11 g/t gold over 1.50 metres. The 19 Vein carbonate alteration halo has been tested with widely spaced holes over a strike length of 100 metres and over a vertical distance of 230 metres. Incidental cuts on the 13 Vein zone to date have also yielded up to 5.90 g/t gold over 9.10 metres including 86.18 g/t gold over 0.50 metres. The drilling of wedged holes from the pilot hole has progressed vertically upward and the 11 Vein will also be targeted next in future drilling.

Meanwhile drilling is underway on a significant new target recently identified in the Upper Hallnor area of the Mine block of the Property (news release Mar 23, 2009). This new target became evident through ongoing evaluation of the historical drill results in combination with current drilling and is defined by a surface drill hole near the end of the previous operator’s tenure which encountered a broad zone containing multiple zones of quartz veining, sulphides and gold mineralization including multiple occurrences of visible gold.

The Property is owned by Porcupine Gold Mines (“PGM”, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) and Temex has the option to earn a 60% interest. Temex expects to complete the $4.0 million expenditure commitment in May 2009.

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