Tirex Resources Ltd.

Tirex Resources Ltd.

December 05, 2007 18:45 ET

Tirex Resources Arranges Institutional Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2007) - Tirex Resources (TSX VENTURE:TXX) is pleased to announce that the company has arranged a $5,500,000 financing by way of a non-brokered private placement.

This financing has been arranged primarily with institutional investors and will be used to intensify and expand the Company's exploration program at Mirdita and for general corporate purposes.

The financing will consist of the issuance of 2 million common shares of the Company at CDN $2.75 per share. There are no warrants being issued in conjunction with this financing.

Bryan Slusarchuk, CEO of Tirex Resources, states, "We are pleased that the Mirdita District has attracted a high-quality group of institutional investors by way of this private placement. We have an excellent technical team onsite in Albania managed by an experienced team of five Canadian geologists and several senior Albanian geologists, geophysicists and surveyors. This financing will enhance this expert team's exploration activities."

Tirex's focus is the exploration and development of the large 344 square kilometer Mirdita property in Albania. The property is readily accessible by paved and gravel roads and is located 70 km north of the capital city of Tirana. The property covers the core of the historically productive Mirdita Volcanogenic Massive Sulphide ("VMS") base metal district. It represents an opportunity to explore copper, zinc, gold and silver zones that were previously partially mined or evaluated at lower metal prices, and provides an opportunity to apply modern exploration techniques toward the discovery of new VMS deposits or extensions of known zones.

Finders fees, in accordance with TSX Venture Exchange regulations, may be paid in conjunction with this financing.

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

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

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