Tirex Resources Ltd.
TSX VENTURE : TXX

Tirex Resources Ltd.

January 08, 2008 17:54 ET

Tirex Resources Announces Closing of First Tranche Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2008) - Tirex Resources Ltd. (TSX VENTURE:TXX) announces that it has completed a first tranche closing of its non-brokered private placement which was announced on December 5, 2007. This portion of the private placement is comprised of 1,095,455 common shares at $2.75 per share for gross proceeds of $3,012,500.

Finders' fees totaling $180,750 were paid to various arm's length brokerage firms as consideration for arranging this part of the private placement. No warrants are being issued in conjunction with this placement.

The shares issued pursuant to this first tranche private placement are subject to a hold period expiring on April 21, 2008.

The funds raised through this private placement will be used for working capital.

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

ON BEHALF OF THE BOARD

Bryan Slusarchuk, CEO and Director

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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