Tirex Resources Ltd.

Tirex Resources Ltd.

September 11, 2012 04:30 ET

Tirex Resources Announces Appointment of Mr. Jeffrey Steiner as Special Advisor

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2012) - Tirex Resources Ltd. (TSX VENTURE:TXX) is pleased to announce the appointment of Mr. Jeffrey Steiner as Special Advisor to the company via a position on the company's newly formed Advisory Board.

Mr. Steiner is a Toronto-based lawyer with a unique combination of business and public policy experience. He is currently the President and CEO of New Franchise Media Inc., a film & television development firm founded in 2010. Previously he served as the President and Chief Executive Officer of the Toronto Economic Development Corporation (TEDCO) which specialized in real estate development, waterfront revitalization and inbound investment attraction.

Mr. Steiner is a current member of the Board of Directors of Export Development Canada (EDC), the country's official export credit agency. He serves on EDC's Risk Management Committee and its Business Development Committee. He holds an ICD.D designation as an accredited corporate director in Canada.

In addition to extensive private sector experience, Mr. Steiner also served the Government of Canada at a variety of senior levels including in the position of Chief of Staff to the Minister of National Defense and to the Minister of Northern Development, including mining and sustainable development policies.

Mr. Steiner is very knowledgeable about the business climate and corporate governance in Eastern Europe, and has a well-established network of relationships in Albania. He is an active director of the NATO-related Atlantic Council of Canada and recently attended the Atlantic Treaty Association assembly hosted in Tirana.

Tirex Chief Executive Officer, Bryan Slusarchuk, states, "Mr. Steiner's international business and government experience, his understanding of Albania and his extensive knowledge of public policy development in established and emerging free marketing economies will be invaluable as Tirex continues to grow."

Concurrent with the appointment, 400,000 incentive options will be reserved for Mr. Steiner.


Bryan J.R. Slusarchuk, Chief Executive Officer

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. In particular, it should be noted that the expansion of this convertible debt facility referenced today may not close and if it does not close in a timely manner, will not fund. Final loan documentation has not yet been signed and will be further reviewed by both Tirex and the EBRD prior to signing. 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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