Tirex Resources Ltd.
TSX VENTURE : TXX

Tirex Resources Ltd.

March 19, 2009 16:55 ET

Energold Drilling Corporation to Invest in Tirex Resources Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2009) - Tirex Resources (TSX VENTURE:TXX) is pleased to announce that it has arranged a non-brokered private placement with Energold Drilling Corporation (TSX VENTURE:EGD).

Tirex CEO, Bryan Slusarchuk, states, "Energold Drilling is the primary drill contractor for Tirex Resources. Energold has done an excellent job at Mirdita during the past year. During this time, they have come to know and thoroughly understand the project and they have seen, first hand, the compelling geological upside that this District-scale opportunity presents. We are pleased that Energold has recognized this unique upside potential and taken an equity position in the company." The non-brokered private placement being done will provide gross proceeds to Tirex of CAD $750,000 and is being done at $0.55 with no warrants. No finders fees will be payable.

During the past year, Tirex has drilled high grade and gold-rich VMS mineralization over wide widths in three separate areas of the 344 sq km Mirdita District. In addition to advanced stage definition and expansion drilling in these areas, the 2009 drill program will also focus on exploration of newly identified and previously undrilled areas of the District.

One of Tirex's major financial backers is the European Bank for Reconstruction and Development (EBRD). The EBRD was established in 1991 to nurture private sector business in emerging economies in eastern Europe and central Asia and is the largest single investor in this region. EBRD is owned by 61 different countries and two intergovernmental organizations and invests mainly in private enterprises, usually in conjunction with commercial partners.

About Energold Drilling Corp.

Energold Drilling is a contract diamond driller servicing the mining industry. Throughout its operations in the developing world, Energold emphasizes an environmentally and socially sensitive approach to drilling. Energold's goal is to build shareholder value by continuing to be an innovator in the specialized drilling services industry throughout the developing world. The use of state-of-the-art highly-portable rigs provides a competitive advantage allowing Energold to realize consistent earnings, and strong margins.

About Tirex Resources Ltd.

Tirex is a company purpose-built to explore and develop the large 344 square kilometer Mirdita Property in Albania. The nature of the VMS mineralization in this District provides Tirex investors with exposure to a high grade basket of metals: Copper, Zinc, Gold and Silver. The property is readily accessible by paved and gravel roads and is located 70 km north of the capital city of Tirana. In addition to the 17 historical deposits identified by previous state-run exploration, Tirex has identified numerous high priority exploration targets resulting from the 2007 airborne geophysical survey, ongoing ground geophysics, geological mapping and other field work.

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

About Tirex Resources

Tirex is a company purpose-built to explore and develop the large 344 square kilometer Mirdita Property in Albania. The nature of the VMS mineralization in this District provides Tirex investors with exposure to a high grade basket of metals: Copper, Zinc, Gold and Silver. 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 VMS base metal district. It represents an opportunity to explore Copper, Zinc, Gold and Silver zones that were previously partially mined, explored or evaluated at lower metal prices, and provides an opportunity to apply modern exploration techniques toward the discovery of new VMS deposits and extensions of known zones. In addition to the 17 historical deposits identified by previous state-run exploration, Tirex has identified numerous high priority exploration targets resulting from its 2007 airborne geophysical survey, ongoing ground geophysics, geological mapping and other field work. The Mirdita exploration project is managed by an experienced team of Canadian geologists and other professionals, and several senior Albanian geologists, geophysicists and surveyors.

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

ON BEHALF OF TIREX RESOURCES LTD.

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 limitation, 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."

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