Tirex Resources Ltd.
TSX VENTURE : TXX

Tirex Resources Ltd.

October 28, 2011 13:28 ET

Fred Tejada Appointed Tirex Resources President

- 30 years international mineral industry experience

- Proven record working with both major mining and exploration focused organizations

- Experience includes seven years in a leadership role with Phelps Dodge Exploration Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 28, 2011) - Tirex Resources ("Tirex") (TSX VENTURE:TXX) is pleased to announce the appointment of Mr. Fred Tejada, P.Geo as President.

Mr. Tejada has 30 years of international mineral industry experience and has a proven track record, working with both major international mining companies and exploration focused organizations.

For seven years, Mr. Tejada was Country Manager and President of Philippine subsidiary companies of Phelps Dodge Exploration Corporation ("Phelps Dodge").

While with Phelps Dodge, Mr. Tejada was responsible for corporate matters and exploration activities from project generation, property acquisitions and permitting. In this role, he led the acquisition of 100% ownership of mineral rights over Mountain Mines in Batong Buhay and Taysan copper deposits, deposits with known historical resources. Prior to joining Tirex he was Vice President Exploration of Panoro Minerals Ltd. where he directed the resource definition drilling of its two major copper projects in Peru.

Mr. Tejada is a Registered Professional Geoscientist (P.Geo) of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC), is a member of the Society of Economic Geologists (SEG), a member of the Geological Association of Canada (GAC) and a member of the Canadian Institute of Mining Metallurgy and Petroleum (CIM). Prior to his appointment as President, Mr. Tejada held the position of Vice President of Operations and Exploration at Tirex.

Bryan Slusarchuk, Tirex Chief Executive Officer, states, "Tirex recently announced and described an arrangement through which the company intends to target a fast track into copper and gold production via a mining partnership in Albania. This comes after the company has spent more than four years and more than $25 million on the Mirdita VMS Project. On October 18th, we announced that our mining plans have received official community support from all of the host communities where the mining permit applications are located. Mr. Tejada's leadership in Albania and corporately in Canada, based on his 30 years of international mineral industry experience, will serve the company well during this process. His operational leadership in Albania will allow me to remain devoted to raising the profile of the company through my role as CEO, internationally as we advance corporately."

In conjunction with Mr. Tejada's appointment, he will be granted 500,000 incentive stock options with an exercise price of $0.75 carrying a five year term.

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

ON BEHALF OF TIREX RESOURCES LTD.

Bryan J.R. Slusarchuk, CEO and Director

Forward-Looking Statements. This Tirex News Release may contain certain "forward-looking" statements and information relating to Tirex. Such statements include but are not limited to statements about the Agreement, the production arrangements and the timing of the mine development, mill construction and ore production. Often forward-looking statements or information include words such as "plans", expects", "intends", "anticipates", "estimates" "forecasts", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or will be taken occur or be achieved. Although forward-looking statements and information contained in this release are based on the beliefs of Tirex management, which we consider to be reasonable, as well as assumptions made by and information currently available to Tirex management, there is no assurance that the forward-looking statement or information will prove to be accurate. The assumptions made include assumptions about Tirex's ability to move forward with the arrangements as set out in the definitive agreement. The forward-looking statements and information contained in this release are subject to current risks, uncertainties and assumptions related to certain factors including, without limitations, obtaining all necessary approvals, feasibility of mine and plant development, 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 as well as risks, uncertainties and other factors discussed in our quarterly and annual and interim management's discussion and analysis. 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 and information may vary materially from those described herein. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. We undertake no obligation to update forward-looking statements or information except as required by law.

"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