Tirex Resources Ltd.

Tirex Resources Ltd.

January 06, 2011 14:10 ET

Tirex Resources Appoints European Bank for Reconstruction and Development ("EBRD") Nominee to Board of Directors-Mr. John G. Booth, BSc, LLB, JD, LLM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 6, 2011) - Tirex Resources Ltd. (TSX VENTURE:TXX) ("Tirex") is pleased to announce that Mr. John G. Booth has been appointed to the company's board of directors.

Mr. Booth was nominated by the European Bank for Reconstruction and Development ("EBRD"), a major investor in Tirex.

Mr. Booth's career experience in law, natural resources, and finance will serve Tirex well as the company advances Mirdita.

Mr. Booth is a partner of Conservation Financial International, an FSA authorized, UK based alternative asset manager that he joined in 2004.

A qualified lawyer in Ontario, New York and DC, John articled on Bay Street with Aylesworth, Thompson in 1989 before moving to London to join the structured finance group of the non-dollar derivatives capital markets desk at Merrill Lynch International. He has also worked with ICAP, ABN AMRO Bank, CIBC, the World Bank and Climate Change Capital at various points during a 20 year career in financial services.

Mr. Booth has experience with both public and private equity, M&A, structured finance, and capital markets and has co-founded three finance sector start-ups during his career - one sold, one merged and one in its fifth round of funding. John holds a BSc (Hons) in Biology and Environmental Science from the University of Guelph, LLB & JD from the joint international law program at the Universities of Windsor and Detroit and LLM in International Finance, Tax and Environmental Law from Kings College, University of London.

Mr. Booth is the Chairman of Laramide Resources and also serves on the boards of directors and various board committees of both H2O Innovation (HEO.V) and Maya Gold and Silver (MYA.V) and on the board of the Ottawa RiverKeeper charity.

Mr. Booth joins Mr. R. Stuart (Tookie) Angus, LLB (Chairman), Mr. Bryan Slusarchuk (Chief Executive Officer), Mr. George Gorzynski, P.Geo, and Mr. Fred Sveinson, P. Eng on the company's board. Mr. Jonathon Richards is Tirex's Chief Financial Officer and Ms. Shoni Bernard, LLB is Corporate Secretary.

About European Bank for Reconstruction and Development

The EBRD, owned by 61 countries and two intergovernmental institutions, is supporting the development of market economies and democracies in countries from central Europe to central Asia. www.ebrd.com The EBRD is located at One Exchange Square, London EC2A 2JN, London, UK.


"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. 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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