Temex Raises $2.66 Million Pursuant to Non-Brokered Private Placement

Temex Resources Corp. (TSX-V: TME,
FWB: TQ1) ("Temex" or "the Company") is pleased to announce that it has
closed a non-brokered private placement, pursuant to which an aggregate
of 1,800,000 units (the "Units") were sold at a price of $0.20 per Unit
and an aggregate of 10,454,700 "flow-through" shares (the "FT Shares")
were sold at a price of $0.22 per FT Share, raising aggregate gross
proceeds of approximately $2.66 million (the "Offering").  Each Unit
consists of one common share of the Company and one-half of one common
share purchase warrant, with each whole common share purchase warrant
entitling the holder to purchase one common share of the Company at a
price of $0.26 for a 12-month period.

The proceeds raised from the Offering will be used to fund exploration
work consisting of predominantly diamond drilling on the high grade
Whitney Gold and Gowganda Silver properties and the Juby Gold project,
and for general corporate purposes.

In connection with the Offering, the Company has paid aggregate cash
finder's fee of $159,602 and issued 717,282 non-assignable warrants of
the Company (the "Finder Warrants"), with each Finder Warrant entitling
the holder to purchase one common share of the Company at a price of
$0.26 for a 12-month period to Casimir Capital Ltd.

The securities issued in connection with the Offering are subject to a
hold period expiring on February 14, 2012.

On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell
President and CEO