Tirex Resources Ltd.
TSX VENTURE : TXX

Tirex Resources Ltd.

May 01, 2008 04:00 ET

Tirex Resources Intersects 60 Metres of Strong Mineralization at Mirdita Including 3.7 Metres of 2.4% Copper, 33.2% Zinc, 1.1% Lead, 172g/t Silver and 8.6g/t Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2008) - Tirex Resources Ltd. (TSX VENTURE:TXX) ("Tirex") is pleased to announce assay results from the second and third drill holes on the company's Mirdita Project in Albania. These verification holes are from the Koshaj area of the property and are following up the first drill hole at Koshaj which intersected a wide zone of high grade mineralization (see Tirex news release dated March 3, 2008).

The second drill hole intersected a 60 metre (198 ft) mineralized section grading 1.1% Copper, 6.7% Zinc, 0.1% Lead, 17.7g/t Silver and 1.6g/t Gold including 3.7 metres of 2.4% Copper, 33.2% Zinc, 1.1% Lead, 172g/t Silver and 8.6g/t Gold. Like the first drill hole, this mineralizing system continues to demonstrate its ability to generate very high grade mineralization (33.2% Zinc was encountered in the intercept of 3.7m) and significant gold values.

Summary of results from drill holes MR08-02 and MR08-03:



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KOSHAJ DEPOSIT
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FROM TO CORE LENGTH COPPER ZINC LEAD SILVER GOLD
(m) (m) (m) (%) (%) (%) (g/t) (g/t)
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DRILL HOLE MR08-02
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74.3 134.6 60.4 1.1 6.7 0.1 17.7 1.6

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Including
75.3 78.9 3.7 2.4 33.2 1.1 172.0 8.6

Including
75.3 75.9 0.7 7.3 27.3 1.8 310.5 15.1

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Including
116.8 132.7 15.9 1.2 11.4 0.1 15.2 2.0
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DRILL HOLE MR08-03
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121.6 134.5 12.9 0.5 4.4 0.6 44.5 1.7

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Including
121.6 124.1 2.5 0.4 11.3 2.6 135.0 5.4

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Including
132.8 134.5 1.7 2.9 14.5 0.8 107.4 4.2
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Drill hole MR08-03 was cut by a fault zone that may be responsible for its reduced width, but the hole, when in the zone, intersected significant grade mineralization such as 1.7 metres of 2.9% Copper, 14.5% Zinc, 0.8% Lead, 107.4g/t Silver and 4.2g/t Gold.

Drill hole MR08-02 was drilled 15m east of previously reported hole MR08-01 and drill hole MR08-03 was drilled 40m east of MR08-01. The true width of the full zone in drill hole MR08-02 is estimated to be approximately 30m and in drill hole MR08-03 is estimated to be approximately 12 metres.

Tirex has also completed several additional holes that intersected wide zones of mineralization at Koshaj. Assays are pending. Tirex geologists are now modeling the deposit to guide future drilling. Previously the Koshaj deposit was only partially drilled and defined by the Albanian State Mining Company and is open for expansion.

This drilling is the start of a District-wide drill program at Mirdita, the first target area being Koshaj. Tirex owns a District of projects with the Koshaj Deposit being one of 17 known deposits on the property. Koshaj was only partially drilled and defined by the Albanian State Mining Company in the past. It was reported to be a zinc-rich deposit which was not mined because of a lack of zinc processing facilities. Tirex drill targets at Koshaj were identified by a combination of historical data compilation, results from the Tirex 2007 airborne geophysical survey and the follow up UTEM ground geophysical work.

These first three holes at Koshaj were drilled vertically and were designed to verify historical drill data produced by the State Mining Company in the 1970's, verify the location of these old holes and the deposit, and report results to NI43-101 standards. In summary the Tirex drilling intersected widths similar to those previously reported but the metal grades are, on average, significantly higher. This is probably due to the fact that the State Mining Company was mainly focused on Copper and did not record some of the zinc-rich intercepts, and due to reported poor core recoveries in those previous drill holes. Tirex is now continuing the drilling with angle holes throughout the Mirdita District (previous State Mining Company exploration utilized mainly vertical holes for drilling) to develop an updated interpretation of the geometry, orientation and potential size of known deposits and exploration targets, including Koshaj.

Bryan Slusarchuk, CEO, states, "Today's excellent assay results over 60 metres of core length are further confirmation of the potential of the Mirdita District and I, again, congratulate our technical team on these results. After we drill an initial nine holes at Koshaj, we will move the first drill three kilometres to the Gurthi South Zone while awaiting Koshaj assays. The first drill will continue to test areas of known mineralization whereas the second drill is dedicated to drilling previously undrilled geophysical targets. We believe that the Mirdita District is a potentially world class VMS District and that by aggressively using modern exploration methods we can rapidly begin to prove that potential."

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 and ongoing 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.

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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