Tirex Resources Ltd.
TSX VENTURE : TXX

Tirex Resources Ltd.

May 17, 2011 17:00 ET

Tirex Resources Retains Javelin Partners as Corporate Development Advisors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 17, 2011) - Tirex Resources Ltd. (TSX VENTURE:TXX) ("Tirex" or the "Company") is pleased to announce the commencement of a 12 month engagement period wherein Javelin Corporate Development Partners Inc. ("Javelin" or "Javelin Partners") will take on the role of development advisor to the Company. Services to be spearheaded by Javelin include: corporate strategy, forecasting, news flow planning, consulting, and other corporate development duties relating to the advancement of Tirex's Mirdita VMS property in Albania.

Additionally, Tirex is pleased to announce the grant of 1,865,000 stock options at an exercise price of $0.80 to various consultants, directors and officers of the company with terms ranging from 2 to 5 years, subject to regulatory approval.

About Javelin Partners

Javelin Corporate Development Partners is a Toronto based mining industry consulting firm that assists junior resource companies in business and corporate development. Clients are selected in instances where Javelin has identified opportunities to unlock and expose previously unrealized shareholder value. Launched in October 2010, the Javelin team is headed by Jed Richardson, Principal.

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 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. 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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