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Tirex Resources Ltd.

Published : February 27th, 2012

Appoints Mr. Jeffrey T. Griffin to Board

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Keywords :   Albania | Copper |

Tirex Appoints Mr. Jeffrey T. Griffin to Board

Tirex Resources Ltd. (TSX-V:TXX) (OTCQX:TIRXF)

         Former Chief Executive Officer and President, Albanian-American Enterprise Fund (AAEF)
         Former Chairman of the Board of Directors and President, American Chamber of Commerce, Albania
         Appointment comes as Tirex targets transition from exploration to copper and gold mining production

Tirex Resources Ltd. ("Tirex") (TSX-V: TXX) is pleased to report the appointment of Mr. Jeffrey T. Griffin to the Company's Board of Directors.

The appointment comes as Tirex targets a transition from exploration to mining production in six specific areas of the Mirdita VMS District after having invested more than USD $25 million into Albania over a five year period.

From November 2001 until September 2010, Mr. Griffin was the Chief Executive Officer and President of the Albanian-American Enterprise Fund (AAEF). The AAEF is one of 12 Enterprise Funds created by the United States government under the SEED Act of 1989, and was incorporated in 1995. It was funded by a grant from the United States Congress totaling $30 million, and started investment operations in 1995, and ended its new investment operations in March 2010. AAEFs focus, under its grant, was to enhance the private sector of the Albanian economy and promote a transparent capitalistic economy under democratic rule.

The AAEFs assets were approximately $20 million when Mr. Griffin arrived and as of September 2010 were over six (6) times the original capital of $30 million, net of all fees and expenses, the highest percentage return among all the Enterprise Funds created under the SEED Act.

In 2009, Mr. Griffin received the Medal of Appreciation from President Topi of Albania for outstanding service to Albania in helping to create and enhance a vibrant private sector economy.

In addition to his role at AAEF, Mr. Griffin was elected the Chairman of the Board of Directors and President of the American Chamber of Commerce, Albania from February 2001 until February 2007. During his tenure, the Chamber developed regulations that were adopted as law that supported land title registration, corporate share ownership, reform in concession awarding procedures and ownership. During the six years that Mr. Griffin acted as President, the Chamber membership grew from 40 members to over 220.

From 1999 to September 2001, Mr. Griffin was Vice President for Investment Funds, Overseas Private Investment Corporation, a U.S. Government agency charged with investing in emerging markets to support private enterprise development. In this position, he was the senior officer responsible for 28 international private equity funds with total capital of $4 billion, which comprised one-third of the corporations operations.

Additionally, Mr. Griffin has held multiple other high level positions in finance, including Managing Director, Caspian Securities, Inc., Head, Private Equity Group of International Finance Corporation, a member corporation of the World Bank Group, Vice President & Principal, Greater Washington Investors, Inc., President & CEO, American Security Capital Corporation, Co-founder, Vice President, Sidney A. Staunton, Inc.

Mr. Griffin also served in the United States Army, has a BA Economics from Tuft University and is a Past President, SASBIC, Past Trustee, Venture Capital Institute and was an Advisor to the British Government on the privatization of their private sector development corporation.

In concert with the appointment, Mr. Griffin will be granted 500,000 stock options subject to availability within the company's stock option plan exercisable at $0.80 for a 5 year term.

Further details on Tirex Resources Ltd. and the Mirdita Project can be found on the Tirex website at


Bryan J.R. Slusarchuk, Chief Executive Officer


Data and Statistics for these countries : Albania | All
Gold and Silver Prices for these countries : Albania | All

Tirex Resources Ltd.

ISIN : CA88823P1045
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Tirex is an exploration gold company based in Canada.

Tirex produces gold, copper and zinc in Albania.

Its main asset in production is MIRDITA in Albania.

Tirex is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 7.5 millions as of today (US$ 6.0 millions, € 4.9 millions).

Its stock quote reached its highest recent level on March 07, 2008 at CA$ 4.17, and its lowest recent point on December 15, 2017 at CA$ 0.02.

Tirex has 114 640 000 shares outstanding.

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Corporate Presentations of Tirex Resources Ltd.
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Annual reports of Tirex Resources Ltd.
2008 Annual Report
Financings of Tirex Resources Ltd.
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Nominations of Tirex Resources Ltd.
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9/14/2012Announces Appointment of Mr. Jeffrey Steiner as Special Advi...
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6/15/2011Names Fred Tejada as VP Operations + Exploration
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Project news of Tirex Resources Ltd.
8/25/2015Tirex and Sinomine Sign Memorandum of Understanding
7/31/2015Tirex and Sinomine Collaboration in Albania
9/26/2013(TSX.V:TXX) Arranges Estimated $5.1 Million Financing with G...
2/9/2012Q&A with Bryan Slusarchuk, CEO of Tirex Resources Ltd.
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6/27/2011Takes Major Step Forward Towards Production
6/13/2011Featured In Resource Wold Magazine
6/8/2011Late Edition Comments on Tirex Resources
6/1/2011David Pescod Features Tirex Resources
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3/28/2011(Mirdita)Mining Production Announcement
1/5/2011EBRD Increases Investment in Tirex Resources
12/13/2010(Mirdita)Tirex Intersects 19.3m (63.3 ft) of 3.66% Copper, 1.13% Zinc...
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5/25/2010(Mirdita)Discovers New Mineralized Zone at Mirdita
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3/15/2010(Mirdita)Compilation of 2009 Fieldwork Leads to Identification of Lar...
1/27/2010(Mirdita)Arranges Significant Working Capital Injection and Immediate...
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10/14/2009(Mirdita)Drilling Completed over 255m (837 ft) of Strike Length at Le...
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8/31/2009(Mirdita)Step Out Hole Drilled 50m West of MR09-40 Intersects 50.8m (...
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7/24/2009(Mirdita)Keeps Adding Promise at Mirdita
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7/18/2008(Mirdita)Comprehensive Assay Table
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4/1/2008(Mirdita)Assays Pending and Second Drill Now Working
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Corporate news of Tirex Resources Ltd.
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6/26/2012Article of Interest on Tirex Resources (TXX-TSXv, TIRXF-OTCQ...
4/27/2012Video of Interest for Tirex Resources
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12/7/2011Featured in Prospecting Journal
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9/8/2011Definitive Agreement Signing Puts Tirex on Front Page of Tod...
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8/24/2011Noted in David Pescod's Late Edition
7/6/2011Chief Executive Officer to Present Views on Albania
6/23/2011mentioned in David Pescod's Late Edition
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4/26/2011Featured in Pescod's Late Edition
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3/23/2011Plans Copper and Gold Production
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9/1/2010Engages SRK Consulting to Produce Mineral Resource Estimates...
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6/19/2010Exploration Update
3/15/20102010 Drill Program to Start
1/27/2010Arranges Financing To Immediately Remobilize
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5/14/2009update note
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8/8/2008(TXX:TSXv) - Mentioned in Two Different Publications
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6/23/2008 Notes from CEO and an Interesting Article on Tirex
6/23/2008Interesting Article from Europe
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5/15/2008Dr. Tucker Barrie Joins Tirex's Technical Team
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5/14/2008Albania featured on BNN
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4/23/2008Featured in A Recent Interview between Dave Pescod and Neil ...
3/11/2008Northern Miner Article Featuring Tirex Resources Ltd. (TXX:T...
1/29/2008 Prospects Amplified by First Mover Status - Drilling Has Co...
1/16/2008Market Traders Dig A Little Deeper Into Tirex Resources Ltd.
1/14/2008Announces Arrival of Drill to Albania
1/10/2008Tookie Angus Appointed Chairman and Bill Weymark Appointed t...
1/2/2008Letter From CEO Bryan Slusarchuck
12/21/2007(Video) New Video Presentation
12/12/2007Digging in a Dinosaur District
12/6/2007Arranges Institutional Financing
11/29/2007Growing Recognition of Tirex Resources Ltd.
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