Tirex Resources Ltd.

Tirex Resources Ltd.

June 16, 2008 16:00 ET

Tirex Resources Adds 3rd Drill to Mirdita Project

- Drill #1 has completed 9 holes at Koshaj with high assays over wide widths in first 4 holes, 5 additional holes are in laboratory with assays pending - Drill #2 resumes testing previously undrilled geophysical targets - Drill #3 is mobilized and expected to start drilling in July

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2008) - Tirex Resources Ltd. (TSX VENTURE:TXX) ("Tirex") is pleased to announce that a third drill has been mobilized to the Mirdita Project in Albania to further ramp up the District-scale exploration program on the property. The decision to add the third drill is based on both the exceptional drill results to date and the desire to move even more aggressively on exploration of the many other known deposits and undrilled geophysical and geological targets on the property. With this news, Tirex is pleased to provide the following update on drilling activities on the Mirdita Project:


The first drill has completed nine holes at the Koshaj Deposit and two holes in the Gurthi South area. Assays from four of the nine Koshaj holes have been received and released. Samples from the other five holes are in the laboratory. The assays received to date are from the Koshaj Deposit and have revealed a wide high grade zone. Highlights include the following:

- Drill hole M08-01: 0.6% Copper, 9.0% Zinc, 0.3% Lead, 48.4g/t Silver and 2.7g/t Gold over 65.0m (True Width 35m) including 0.8% Copper, 12.5% Zinc, 0.1% Lead, 13.0g/t Silver and 2.2g/t Gold over 27.5m (see Tirex news release dated March 3, 2008 for details).

- Drill hole M08-02: 1.1% Copper, 6.7% Zinc, 0.1% Lead, 17.7g/t Silver and 1.6g/t Gold over 60.4m (True Width 25m) including 2.4% Copper, 33.2% Zinc, 1.1% Lead, 172g/t Silver and 8.6 g/t Gold over 3.7m (see Tirex news release dated May 1, 2008 for details).

- Drill hole M08-03: 0.5% Copper, 4.4% Zinc, 0.6% Lead, 44.5g/t Silver and 1.7g/t Gold over 12.9m True Width including 2.9% Copper, 14.5% Zinc, 0.8% Lead, 107g/t Silver and 4.2 g/t Gold over 1.7m (see Tirex news release dated May 1, 2008 for details).

- Drill hole M08-05: 1.0% Copper, 5.2% Zinc, 11 g/t Silver and 1.7g/t Gold over 16.0m (True Width 13m) including 1.8% Copper, 18.1% Zinc, 41g/t Silver and 4.1g/t Gold over 1.1m (see Tirex news release dated June 11, 2008 for details).

Samples from drill hole M08-04 were delayed in transit and are now in the laboratory being assayed as are samples from drill holes M08-06 through M08-09. When assays are received from remaining holes from Phase 1 drilling, Tirex geologists will model the deposit to guide Phase 2 drilling at Koshaj.

In the meantime, the first drill has been moved 2.5km south to begin testing the Gurthi South Zones. Gurthi South is an area with known Volcanogenic Massive Sulphide (VMS) mineralization that was partially drilled by previous operators. Historic drill results indicate a widespread area of mineralization. Tirex drilling is planned to define and extend the mineralization.


The second drill is assigned to testing the numerous blue sky exploration targets defined by geophysics and mapping but never previously drilled. Tirex has identified 102 geophysical anomalies on the property, 22 of which have been designated as high priority exploration targets. Tirex geophysicists are now further analyzing the balance of the 102 anomalies to generate additional exploration targets. The second drill is now testing the Shebe North area in the southern part of the property where a well defined geophysical target lies on a critical geological horizon. The second drill is almost finished its first deep hole at Shebe North. In April and May it encountered significant mechanical problems which required a series of repairs and airlifts of parts from Canada. Drilling has now resumed. From Shebe North the second drill will move on to test other blue sky exploration targets defined by the Tirex airborne and ground geophysical surveys.


Tirex is adding a third drill to further ramp up exploration on the Mirdita property. The decision to add the third drill was based on both the exceptional drill results to date and the desire to move even more aggressively on exploration of the many other known deposits and undrilled geophysical and geological targets compiled and developed by Tirex. The third drill is another highly portable, environmentally sensitive Energold drill made in Canada. It is now in transit and is expected to be on the property in early July. It will be assigned to drill both known deposits as well as test new undrilled geophysical exploration targets on the property.

Bryan Slusarchuk, CEO, states, "The addition of a third drill is another tangible demonstration of our deep belief that the Mirdita Project has potential to develop into a world class VMS district. This ramp up illustrates how aggressively we intend to move to prove up that potential. As exceptional as the initial drill holes at Koshaj are, it is important to remember that Koshaj is just one of 17 known deposits on the property to which we have added numerous high priority geophysical targets. With so much potential and so many targets to test, we decided from the beginning that we needed a very aggressive exploration approach. Management fully supports and will encourage our exploration crews to bring the dream of a world class VMS district to early fruition. In the short eight months since Tirex began trading on the TSX Venture Exchange, the progress and achievements of our technical team have been outstanding. I congratulate them as we prepare for an even more intense and exciting next phase in the growth of the Mirdita Project and the Company."

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 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 and 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.

George Gorzynski, P.Eng., Director and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release.

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


R. Stuart (Tookie) Angus, Chairman of the Board of Directors

Forward-Looking Statements. This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results 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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