Tirex Resources Ltd.
TSX VENTURE : TXX

Tirex Resources Ltd.

March 03, 2008 08:00 ET

Tirex Resources Intersects Wide Zone of Strong Mineralization in First Drill Hole at Mirdita

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2008) - Tirex Resources Ltd. ("Tirex") (TSX VENTURE:TXX) is pleased to announce assay results from the first drill hole on the company's Mirdita Project in Albania. The first drill hole intersected one almost continuous 65 metre (213 ft) mineralized section including intercepts of 0.9% Copper, 11.6% Zinc, 1.0% Lead, 141.6g/t Silver and 5.5g/t Gold over 14.1m including 2.3% Copper, 34.8% Zinc, 2.4% Lead, 376.1g/t Silver, and 14.6g/t Gold over 3.1m, and 0.8% Copper, 12.5% Zinc, 13.0g/t Silver and 2.2g/t Gold over 27.5m. Of special note is the ability of this mineralizing system to generate very high grade mineralization (53.8% Zinc was encountered in one intercept of 0.8m) and significant gold values (such as the 14.6g/t Gold over 3.1m).

Summary of results from drill hole MR08-01:



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KOSHAJ DEPOSIT - DRILL HOLE MR08-01
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CORE
FROM TO LENGTH COPPER ZINC LEAD SILVER GOLD
(m) (m) (m) (%) (%) (%) (g/t) (g/t)
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38.5 103.5 65.0 0.6 9.0 0.3 48.4 2.7
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Including
38.5 42.2 3.7 0.8 16.3 0.9 118.6 8.3

Including
40.4 41.2 0.8 1.4 53.8 2.2 369.6 29.5
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Including
52.8 66.9 14.1 0.9 11.6 1.0 141.6 5.5

Including
63.8 66.9 3.1 2.3 34.8 2.4 376.1 14.6
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Including
76.0 103.5 27.5 0.8 12.5 0.1 13.0 2.2
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Tirex has not made its own determination of true width of the zone and will require additional drill holes to do so. In historic interpretations by the Albanian State Mining Company, the true width of the zone was estimated at about 30m.

This first drill hole represents 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 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.

This first hole at Koshaj was drilled vertically and was designed to verify historical drill data produced by the State Mining Company in the 1970's. Two additional vertical holes are being drilled nearby to provide further verification of historic results reported in government archives, verify the location of these old holes and the deposit, and report results to NI43-101 standards. After completing vertical verification holes to confirm the usability of past Albanian drill data, Tirex will continue 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 drill results over a wide zone are a great start to a very large District-wide exploration program. In addition to areas of the property such as Koshaj where significant past work was completed by the State Mining Company, Tirex will also be drilling numerous geophysical anomalies that we have generated at Mirdita that have never been drilled. Tirex is conducting the first ever large scale modern exploration in this richly endowed area. In addition to the excellent base metal assays announced today, we note with great interest the significant gold intersected in this hole. Little is known about gold values in the Mirdita VMS Deposits but based on these early results it appears they will make a significant contribution to the mineralization. I congratulate the Tirex technical team on this superb drill hole."

Tirex is a company purpose-built to explore and develop the large 344 square kilometer Mirdita Property in Albania. 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 (4.20 cm 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. A split of each pulp was then assayed for copper, lead and zinc and a 30 gram split of each was assayed for gold and silver by standard fire assay.

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

ON BEHALF OF THE BOARD

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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