Tirex Resources Ltd.

Tirex Resources Ltd.

March 15, 2010 08:00 ET

Tirex 2010 Drill Program to Start

- Compilation from 2009 Field Work Leads to Identification of Large New Area of Interest

- Newly Identified Area of District Interpreted as Having World Class Precious Metal Bearing Copper-Zinc Deposit Potential

- Felsic Volcanic Rich Subarea Has North-South Strike Length of 2km, Open to North

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 15, 2010) - Tirex Resources Ltd. (TSX VENTURE:TXX) ("Tirex") is pleased to announce that it has remobilized to Mirdita to commence its 2010 exploration and drilling program.

Tirex technical team members are now onsite at Mirdita, field work has commenced and drilling will start within three weeks.

The 2010 drill program will be a combination of advanced stage definition and expansion drilling in known areas of mineralization, geared towards the development of resource calculations in combination with pure exploration drilling targeting new discoveries.

Tirex is pleased to announce that the recent compilation of 2009 field work led by Chief Geologist Dr. Allan Miller has resulted in the identification of a large new area of interest, viewed as having substantial exploration upside. The area is an underexplored area of the property that Dr. Miller believes has the most significant potential yet identified within the Mirdita VMS District.

This highly prospective area for precious-metal bearing volcanogenic massive sulphide (VMS) deposits is located in the central portion of the volcanic belt that Tirex Resources has been exploring since 2007. VMS deposits hosted in this segment of the volcanic belt include the Munelle and Qaf Bari deposits. This newly identified subarea within the bimodal volcanic belt is characterized by a high proportion of felsic volcanic rocks. Significantly, this felsic volcanic-dominated subarea is comprised of multiple felsic lava domes and flanking medial flows, pyroclastic and breccias deposits. This aerially extensive felsic volcanic-rich subarea has a north-south strike length of approximately 2.0 kilometers (remains open to the north) and is interpreted to have formed by the coalescing of multiple felsic centres. In addition, moderate to intense hydrothermal alteration was identified within many of the felsic domes and in the immediately flanking felsic and mafic volcanic rocks. This geological setting within this area is directly comparable to many VMS districts that host significant to world-class precious metal bearing copper-zinc deposits.

In drilling to date, Tirex has intersected thick zones of robust mineralization at Koshaj, South Gurthi and Letitna. In addition to resource definition and expansion drilling in those areas during 2010, Tirex has a large exploration drill program targeting discovery planned, based on significant fieldwork completed in 2009.

Further details on the company and the Mirdita Project can be found on the Tirex website at www.TirexResources.com.


Bryan Slusarchuk, CEO and Director

Forward-Looking Statements. This Tirex News Release may contain certain "forward-looking" statements and information relating to Tirex that are based on the beliefs of Tirex management, as well as assumptions made by and information currently available to Tirex management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release."

Contact Information