Tirex Resources Ltd.
TSX VENTURE : TXX

Tirex Resources Ltd.

February 18, 2009 08:00 ET

Tirex Intersects Significant Gold Grades and High Grade Copper at Mirdita

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 18, 2009) - Tirex Resources Ltd. ("Tirex") (TSX VENTURE:TXX) is pleased to announce assays from continuing drilling on the Gurthi South No. 2 Zone at the Mirdita VMS Project in Albania. New assays received include a 6.1 metre (20 ft) section grading 3.11% Copper, 3.97% Zinc and 0.9g/t Gold including 2.7 metres grading 6.65% Copper, 2.26% Zinc and 1.0g/t Gold in Drillhole MR08-21 and a 16.6 metre (54.5 ft) section grading 0.55% Copper, 2.10% Zinc and 1.9g/t Gold including 1.8 metres grading 0.53% Copper, 3.97% Zinc and 5.9g/t Gold in Drillhole MR08-18. All intersections are interpreted to be close to true width. New assays from Gurthi South No. 2 include:



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GURTHI SOUTH No. 2 ZONE
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FROM TO INTERSECTION COPPER ZINC SILVER GOLD
(m) (m) (m) (%) (%) (g/t) (g/t)
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DRILL HOLE MR08-15
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127.93 130.65 2.7 2.25 0.43 5.0 0.7
Including
127.93 128.93 1.0 2.35 0.87 11.8 0.8
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DRILL HOLE MR08-18
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110.45 127.00 16.6 0.55 2.10 3.7 1.9
Including
117.20 121.90 4.7 0.29 4.19 5.2 3.5
Including
120.15 121.90 1.8 0.53 3.97 3.3 5.9
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DRILL HOLE MR08-21
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166.25 172.3 6.1 3.11 3.97 24.1 0.9
Including
168.85 171.55 2.7 6.65 2.26 24.1 1.0
Including
168.85 170.45 1.6 8.46 1.79 23.2 1.1
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DRILL HOLE MR08-22
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97.50 99.20 1.7 1.12 1.40 1.4 1.0
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DRILL HOLE MR08-31
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104.45 107.45 3.0 1.18 0.20 2.6 1.7
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These drill holes expand on previously reported assays from drills holes MR 08-16 and MR 08-25. Hole 16 (see Tirex News Release dated October 23, 2008) intersected a 13.85 metre (45.4 ft) section grading 3.5% Copper and 1.3g/t Gold including 3.65 metres grading 10.6% Copper and 2.9g/t Gold and including 1.10m grading 13.6% Copper and 7.4g/t Gold. Hole 25 (see Tirex News Release dated November 6, 2008) intersected a 7.10 metre (23.3 ft) section grading 5.9% Copper, 3.4g/t Gold and 37.5g/t Silver including 4.70 metres grading 7.0% Copper, 3.9g/t Gold and 40.8g/t Silver. In total the shallowly dipping Gurthi South No. 2 zone has now been intersected in seven holes over an area of 150m by 100m. An additional six holes drilled to the east and north intersected lower grade mineralization. The zone remains open for expansion to the west and south. A map of all holes drilled in the Gurthi South area to date is posted on the Tirex website at www.TirexResources.com. Further drilling is planned to continue to expand and define this high grade zone.

The significant gold assays announced today provide further indication that the mineralizing system at Mirdita produced VMS mineralization that is enriched by high precious metal content.

Elsewhere on the property, three drill holes on the extension of the Gurthi Central No. 1 Zone intersected wide zones of alteration with low assay values. Tirex geologists are now re-interpreting the geology and structure of this area in preparation for further work.

Over the past year drilling has begun to define three separate copper-zinc-silver-gold deposits (Koshaj, Gurthi South No. 2 and Letitna). All three will be subject to further definition and expansion drilling in 2009 which will occur concurrently with continued drilling of high priority previously undrilled geophysical anomalies representing pure discovery potential, and extensions of some of the other historic deposits known on the property.

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 the 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.

John Nicholson, P.Geo., a Qualified Person under the meaning of Canadian National Instrument 43-101 and Mirdita Project Manager, is responsible for the technical content of this news release. Drill core was HQ size (6.35cm diameter) and BTW size (4.20 cm diameter). Half core samples were collected with a rock saw, tagged for identification and securely stored at the Tirex base camp until shipment. A total of 5% assay standards and 5% blanks were inserted into the sample shipment as a quality control measure in addition to the internal quality control measures applied by the laboratory. All samples were shipped directly to Global Discovery Labs in Vancouver, Canada where they were dried, weighed, crushed and pulverized. Splits of each pulp were then analysed for 30 elements by ICP Spectrometry and assayed for copper, lead, zinc, silver and gold by standard assay methods.

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 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.

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

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