Temex Resources Corp

Published : May 08th, 2007

Initiates 2007 Program On Whitney Gold Property 5000 Metre Drill Program To Test Multiple Targ

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Keywords :   Diamond | Gold | Gold Mines | Silver |
======================================================================
Re: News Releases - Tuesday, May 08, 2007
Temex Initiates 2007 Program On Whitney Gold Property 5000 Metre
Drill Program To Test Multiple Targets
======================================================================

NEWS RELEASE NR 06-2007

TSX Venture Exchange:TME, Frankfurt Exchange:TQ1


TORONTO, ONTARIO:Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") announces that is initiating
a Phase 2 exploration program on the Whitney Township Property (the
"Property"). The Property is strategically located along strike 2.5 km
to the west of the Pamour mine (total historic production from
underground and open pit mining of 52.2 million tons at 0.09 ounces
gold per ton for 4.7 million ounces of gold) where the PJV is currently
conducting an open pit gold mining operation.

The Whitney Property includes the former Broulan Reef and Hallnor gold
mines, the latter of which produced 4.23 million tons at a grade of
0.40 ounces gold per ton (1.69 million ounces gold) and was one of the
two highest grade producers in the Timmins camp. Temex has the right
to explore the former Hallnor Mine below the 1000 feet elevation. The
Timmins camp is one of the largest gold camps in the world with total
historical production in excess of 60 million ounces of gold.

Highlights:
..Initial 2500 metre drilling program to begin this month
..Follow-up drilling to test Hugh Pam and Reef Open Pit zones; drilling

of Hugh Pam Zone in 2005/2006 yielded up to 12 metres grading 17.17
g/t gold;drilling on Reef Open Pit returned up to 3.50 metres grading
3.69 g/t gold
..2007 program to test targets on Hallnor Mine property including deep
drilling. Hallnor Mine production was 4.23 million tons at a grade of
0.40 ounces gold per ton (1.69 million ounces gold)
..High priority surface targets to be tested include an area in the
northwest part of the property where an historical overburden drill
hole concentrate sample assayed 11.27 grams per tonne gold in the till.
The reason for the high gold value remains unexplained.

The 2007 Phase 2 program will consist of a minimum of 5000 metres of
Diamond drilling in 2 phases, the first of which will test numerous
near surface exploration targets, further delineate the extent of the
Hugh Pam and Reef Open Pit near-surface gold zones, while the latter
phase will drill test deep targets on the Hallnor mine property.
Concurrent with the drilling, surface exploration including geological
mapping and geophysical surveying will be conducted in areas of the
property that have received little attention to date.

Commented Ian Campbell, President and CEO: "We are very excited to
begin the second phase of exploration which builds on the success of
the Phase 1 program on the Whitney Property. The drill results from
the first program clearly demonstrated the presence of near surface
gold mineralization and have provided an excellent database from which
to plan our Phase 2 program. This program will include follow-up
Diamond drilling on several zones from the Phase 1 program as well as
drilling on areas and specific targets that have received very little
attention in the past but demonstrate excellent exploration potential."

Hugh Pam Zone
The Hugh-Pam Conglomerate Zone straddles the contact between mafic
volcanic rocks and Timiskaming sedimentary rocks that are proximal to
the Destor Porcupine fault system, a geological environment spatially
related to numerous gold mines in the Timmins gold camp from which
approximately 19 million ounces of gold have been produced. The
Whitney Property covers a 3.5 km strike length of this favourable
contact zone. Previous drilling by Temex on the Hugh Pam Zone
consisted of 12 holes, 11 of which intersected gold mineralization
including hole TW05-11 which returned 12.0 metres grading 17.17 g/t
gold, and hole TW06-22 which cut 11.0 metres grading 4.44 g/t gold
including 5.55 metres grading 7.73 g/t gold. Gold mineralization
occurs in quartz dominated
quartz-ankerite-calcite-arsenopyrite-pyrrhotite-pyrite-sphalerite+/-ch
alcopyrite veins which comprise 2-25% of the rock. Mineralization is
associated with intense sericite alteration and fuchsite alteration of
ultramafic clasts in conglomerate.

Reef Open Pit Zone
Gold mineralization in the Reef Open Pit Zone is hosted by intermediate
volcanic rocks with more concentrated quartz veining to quartz
stockwork zones containing pyrite, pyrrhotite +/- arsenopyrite.
Drilling by Temex in 2006 intersected broad zones of continuous gold
mineralization, within which intervals of higher gold grades up to 9.84
g/t gold over 1.00 metre (TW06-32) occur. Drill holes TW06-34 and
TW06-35, which extended the zone 80 metres toward the west intersected
gold mineralization grading 8.34 g/t gold over 1.30 metres (TW06-34)
and 3.63 g/t gold over 1.10 metres (TW06-35), with mineralization
occurring from 25 to 54 metres vertically below surface. The zone
remains open at depth and to the west. The most westerly drill hole
intersected an extensive zone of carbonate alteration and quartz
veining, indicating the favourable alteration and structure continues
to the west where there is no record of previous drilling.

Reef Offset Zone
In addition to the follow-up drilling from the Phase 1 program, Temex
has identified a number of targets to be drill tested in areas that
have received very little or no previous drilling. These areas include
the Reef Offset Zone "ROZ" where a single drill hole was drilled in
2006 to test the eastern extent of the Broulan Reef / Bonwhit gold
trend. TW06-30 intersected a wide zone of pervasively altered volcanic
rock containing 2-3% pyrrhotite that included a sample which assayed
15.64 g/t gold over 1 metre. This may represent the southern limb of
the Bonwhit hook vein, which would greatly enhance the exploration
potential of this area.

Exploration Targets
Several areas have been targeted for drill testing based on the
presence of favourable geological environments encompassing the
sedimentary-volcanic and mafic-ultramafic volcanic contacts and strike
extensions of areas of past production. One such target area will be
the northwestern part of the property, where very little drilling has
occurred. A unit called the "spherulitic chicken feed lava" (SCFL),
which hosts the Bonetal #2 Zone and the C-Zone, cuts across the
northern part of the property. Historic exploration has indicated the
presence of anomalous gold in till in the area as well as in bedrock
from previous overburden drill campaigns. Two of the overburden RC
holes had till concentrate samples which returned values of 11,276 ppb
(11.27 g/t) gold and 5,793 ppb (5.79 g/t) gold, both of which are
considered by Temex to have high potential to represent a proximal
source. The latter sample occurs approximately 100 metres along strike
to the east of an historic drill hole which intersected 4.27 metres
grading 6.24 g/t gold. Seven of the overburden holes also encountered
auriferous bedrock mineralization with results ranging from 69 to a
high of 1,933 ppb (1.93 g/t).

Hallnor Mine Property
Drilling on the Hallnor Property is currently being planned for later
in 2007. Mine production at the Hallnor totalled 4.23 million tons at
a grade of 0.40 oz/ton of gold (1.69 million ounces gold) and was one
of the two highest grade producers in the Timmins camp. Several
historic technical reports outline high priority target areas which
have excellent exploration potential for new discoveries of "hook"
style gold bearing veins. Hook style veins, which accounted for up to
a third of the past production at Hallnor, are characterized by
spectacular gold mineralization such as previous drill results of up to
40 ounces gold per ton gold over 9.8 feet (3 metres). Several
extensions of these types of veins were explored by Royal Oak Mines in
1994, during an extensive drill program using the 14th level of the
Hallnor Mine. Royal Oak confirmed the presence of the down-plunge
continuation of the hook style 11 and 13 veins between the 19th and
22nd level of the Hallnor Mine, and also discovered the deepest know
occurrence of TN type veins in the sediments on the 14th level. Other
targets not tested by Royal Oak include the down-plunge extension of
the 19 vein, as well as other veins such as the 20 and 21 veins stacked
below the 19 vein below the 22nd level projecting onto Broulan Reef
ground from the Hallnor western boundary. Previous work has identified
areas of strong carbonate alteration which typically surround these
veins and in areas which have been documented and recommended for drill
testing. Utilizing and refining 3D deposit modeling resulting from the
compilation of all existing data completed in 2006 will comprise a
significant aspect of target selection in order to identify additional
areas of high potential to host economic gold mineralization on the
Hallnor Property prior to the drill testing.

Temex has the option to earn a 60% interest in the Property from the
Porcupine Joint Venture (the "PJV", a joint venture between Goldcorp
Canada Ltd. and Kinross Gold Corporation) by incurring $4 million in
exploration expenditures over four years. To date, Temex has expended
$1.4 million on the Property.

This press release has been reviewed and approved by Karen Kettles,
M.Sc., P.Geo., a consultant based in Sudbury, Ontario working with
Temex Resources Corp., and Qualified Person pursuant to National
Instrument 43-101.

Other Business
The Company also wishes to announce that as of May 08, 2007 it has
granted a total of 700,000 stock options to insiders of the Company to
replace 700,000 options which expired. An additional 400,000 stock
options have been granted to two Directors of, and a consultant to, the
Company. The options are exercisable at a price of $0.40 for a period
of 5 years.

Temex, a well-funded Canadian exploration company, is focused on
advancing its gold, silver and Diamond projects in Ontario. For
further information please visit the Temex website www.temexcorp.com or
contact Ian Campbell or Bruce Durham at 416-862-2246.

On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell
President and CEO

*The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release*

======================================================================
Copyright (c) 2007 TEMEX RESOURCES CORP (TME) All rights reserved.
For more information visit our website at http://www.temexcorp.com/ or
send mailto:info@temexcorp.com
Message sent on Tue May 8, 2007 at 6:15:41 AM Pacific Time
======================================================================
.

Temex Resources Corp

EXPLORATION STAGE
CODE : TME.V
ISIN : CA87971U1057
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Temex Resources is a gold and copper exploration company based in Canada.

Temex Resources holds various exploration projects in Canada.

Its main exploration properties are HALLNOR (PAMOUR), LATCHFORD, URANIUM, WILSON LAKE, HUSTON LAKE / MARIJANE LAKE, WEBEQUIE, GOWGANDA, TIMMINS - WHITNEY TOWNSHIP, MC FAULD'S LAKE and JUBY in Canada.

Temex Resources is listed in Canada and in Germany. Its market capitalisation is CA$ 22.4 millions as of today (US$ 16.9 millions, € 15.1 millions).

Its stock quote reached its highest recent level on December 31, 2003 at CA$ 1.10, and its lowest recent point on May 08, 2015 at CA$ 0.04.

Temex Resources has 186 590 000 shares outstanding.

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