Tirex Resources Ltd.

Tirex Resources Ltd.

July 12, 2010 09:00 ET

Tirex Appoints Mining Engineer, Mr. Fred Sveinson, P.Eng to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2010) - Tirex Resources (TSX VENTURE:TXX) is pleased to announce it has appointed Mr. Fred Sveinson, P.Eng. to the Board of Directors.

Mr. Sveinson is a professional mining engineer with 40 years of experience in all aspects of the mining industry. His career has encompassed underground mining in Zambia, the United States, Venezuela, and Canada including the Arctic, to achieving senior management levels with such companies as Echo Bay Mines Ltd., and Dynatec Corp.

Mr. Sveinson has established a solid reputation for assembling successful operating teams, evaluating projects, re-structuring operations, and rejuvenating mines. As President and CEO of Gold City Industries Ltd., and in conjunction with a joint venture participant, he was instrumental in acquiring the Bissett gold mining assets in Manitoba and merging the joint venture companies in 2005 into San Gold Corporation, which has become a successful gold mining company with a market capitalization of in excess of $1B. Mr. Sveinson is currently President and CEO of Merit Mining Corp. which is working on its key gold-copper and gold-silver-lead-zinc projects located near Greenwood and Revelstoke, British Columbia respectively.

Mr. Sveinson joins Tirex as the company is in the midst of evaluating the production potential of multiple mineralized zones in the company's Mirdita VMS District where the company has drilled more than 20,000 metres in 64 holes to date.

Tirex also reports that Mr. William (Bill) Weymark has resigned from the company's board of directors. The company thanks Mr. Weymark for his significant contributions to the growth of the company and wishes him well in all of his current and future endeavours. 

Upon the close of the recently announced financing, the company will also issue a total of 1 million stock options with an exercise price of $0.165 to various directors, officers and consultants to the Company.

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


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 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."

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