Tirex Resources Ltd.
TSX VENTURE : TXX

Tirex Resources Ltd.

July 14, 2008 07:00 ET

Tirex Resources Expands Koshaj Deposit at Mirdita

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2008) - Tirex Resources Ltd. ("Tirex") (TSX VENTURE:TXX) is pleased to announce assay results from an additional five drill holes at the Mirdita Project in Albania. These holes were drilled on the Koshaj Deposit where four earlier drill holes intersected wide zones of high grade mineralization (see Tirex news releases dated March 3, May 1, and June 11, 2008).

The latest drill holes include M08-04 which intersected a 21.0m metre (69 ft) section grading 0.32% Copper, 4.64% Zinc and 1.0g/t Gold and another 5.0 metres (16.4 ft) grading 0.48% Copper, 7.88% Zinc and 1.3g/t Gold, include M08-06 which intersected an 18.9 metre (62 ft) section grading 0.60% Copper, 3.43% Zinc and 1.1g/t Gold including 5.6 metres (18.4 ft) grading 1.7% Copper, 6.72% Zinc and 1.1g/t Gold and include M08-07 which intersected a 0.6 metre section grading 5.71% Copper, 9.15% Zinc, 144.6g/t Silver and 14.1g/t Gold.

Assay results from these latest holes include the following:



------------------------------------------------------------------------
KOSHAJ DEPOSIT
------------------------------------------------------------------------
FROM TO INTERSECTION COPPER ZINC LEAD SILVER GOLD
(m) (m) (m) (%) (%) (%) (g/t) (g/t)
------------------------------------------------------------------------

------------------------------------------------------------------------
DRILL HOLE MR08-04
------------------------------------------------------------------------

88.70 124.60 35.9 0.23 3.18 0.09 13.9 1.0

Including
88.7 91.6 2.9 0.48 5.42 0.94 132.8 4.2

Including
88.7 89.3 0.6 1.01 21.27 4.23 612.0 18.0

Including
103.6 124.6 21.0 0.32 4.64 0.02 5.1 1.0

Including
103.6 116.6 13.0 0.43 5.26 0.02 6.8 1.2

Including
110.6 115.6 5.0 0.48 7.88 0.02 5.6 1.3
------------------------------------------------------------------------

------------------------------------------------------------------------
DRILL HOLE MR08-06
------------------------------------------------------------------------

152.0 170.9 18.9 0.60 3.43 0.22 20.2 1.1

Including
158.1 163.7 5.6 1.70 6.72 0.02 7.2 1.1
------------------------------------------------------------------------

------------------------------------------------------------------------
DRILL HOLE MR08-07
------------------------------------------------------------------------

163.5 185.65 22.2 0.29 1.70 0.10 10.1 0.6

Including
163.5 164.1 0.6 1.39 11.34 0.09 26.7 2.0

Including
179.1 179.7 0.6 5.71 9.15 0.25 144.6 14.1
------------------------------------------------------------------------


All holes were drilled from east to west. Drill hole MR08-04 was collared on the same site as MR08-05 (see Tirex News Release dated June 11, 2008) but was drilled at a shallower angle of -50 degrees and intersected the zone high in the section drilled by hole MR08-01. Drill holes MR08-06 and MR08-07 were drilled on a section 20m south of the section on which the first five holes were drilled and were collared at -50 and -65 degrees respectively. All holes intersected the zone at close to true width.

Drill holes MR08-08 and MR08-09 were drilled on a section 50m north of the section on which the first five holes were drilled and were collared at -60 and -72 degrees respectively. These holes intersected wide zones of pyrite-silica alteration with low base metal values.

This completes the first phase of nine holes on the Koshaj Deposit which remains open for expansion. Tirex geologists are now modeling the deposit to guide Phase 2 drilling at Koshaj. In the meantime, the drill was moved 2.5km south where it completed four holes on the Gurthi South No. 1 Zone (assays pending) and then moved 1km north where it recently began drilling extensions of the Gurthi Central No. 1 Deposit, which is a large historic mine area (see Tirex news release dated July 9, 2008 for details). When modeling of Koshaj is complete, the drill will move back the Koshaj Deposit to continue drill definition and expansion of mineral resources.

This drilling is part of a District-wide drill program at Mirdita, the first target area being Koshaj. Tirex owns a District of projects with the Koshaj and Gurthi area deposits being just some of the 17 known deposits on the property. These deposits were only partially drilled and defined by past explorers, and Tirex is taking advantage of these historical results to fully explore and define extensions of these known deposits. Tirex drill targets at Koshaj, Gurthi and elsewhere on the property, were identified by a combination of historical data compilation, results from the Tirex 2007 airborne geophysical survey and the follow up ground geophysical work.

George Gorzynski, P.Eng. and Director, states, "With the completion of Phase One drilling at Koshaj we have reached another early milestone in the development of the Mirdita VMS District. From here we will model the Koshaj Deposit and return for a Phase Two drill program to continue definition and expansion of mineral resources. In the meantime we will continue to simultaneously and systematically explore the other known deposits in the District as well as test the new geophysical and geological targets defined by our recent exploration using modern technology and concepts. Our goal is to define and develop the great potential we see as a District of many deposits at Mirdita."

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.

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 (4.20cm 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.

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, changes, 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.

ON BEHALF OF TIREX RESOURCES LTD.

Bryan Slusarchuk, CEO and Director

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

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