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Re: News Releases - Tuesday, July 17, 2007
Temex Acquires Uranium Exploration Properties in Northwestern
Ontario and Easten Manitoba
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NEWS RELEASE NR11-2007

TSX Venture Exchange:TME, Frankfurt Exchange:TQ1

TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") announces the acquisition of
two uranium properties by staking and an option agreement. The two
properties, called Huston Lake and Hillock Lake, are located in eastern
Manitoba and northwestern Ontario within geological belts recognized to
have high potential to host uranium deposits with numerous associated
uranium occurrences. Graphics highlighting the new acquisitions have
been posted to the Company website at www.temexcorp.com.

The 48,960 acre Huston Lake Property was acquired by staking to cover a
prominent equivalent uranium radiometric anomaly apparent on Ontario
Geological Survey ("OGS") and Geological Survey of Canada ("GSC")
surveys (1977). Recent re-processing of the data by the GSC
demonstrates that the geophysical anomaly covers a strike length of
approximately 45 km with the most intense portion of the anomaly
occurring over a strike length of 10 km. The anomaly is defined by
several multi-line highs and represents the largest and strongest
anomaly in the region. It occurs along strike of a major geological
contact zone from which previous work has identified uranium
mineralization including high grade values of 1.80% U3O8 over 0.60
metres, 0.38% U3O8 over 1.5 metres and 0.065% U3O8 over 4.6 metres in
drill holes, and also numerous showings and occurrences. Initial
evaluation of the available data suggests that there is a large area
with potential to host uranium mineralization.

The 2,040 acre Hillock Lake Property occurs 100 km to the southeast of
the Huston Lake Property and covers a distinct and isolated airborne
radiometric anomaly that is coincident with a strong, multi-point lake
sediment geochemical uranium anomaly defined by a cluster of values
over an area of 20 x 25 km. The lake sediment data from surveys
conducted by the GSC was incorporated into a regional database. The
Property occurs to the southwest along geological trend from the
uraniferous pegmatite field west of Dryden, host to numerous pegmatitic
uranium occurrences including the Richard Lake deposit with an historic
non 43-101 resource of 650,000 tons at 0.10% U3O8 (GSC paper 81-23).
Both the geophysical and geochemical anomalies associated with the
Hillock Lake Property are larger and stronger than those associated
with the Dryden area uranium occurrences.

The Huston Lake and Hillock Lake properties are situated within
geological environments previously identified by the GSC (Ruzicka,
1979) as having the potential for porphyry uranium deposits, such as
the Rossing uranium deposit in Namibia. These types of orthomagmatic
and anatectic uranium deposits occur in granitic pegmatite and
pegmatite host rocks. Along with the favourable geological
environment, the area is host to several large pegmatite bodies,
examples of which include the Bernic Lake rare metals deposit currently
being mined by Cabot Corporation for cesium to produce cesium formate
for the petroleum industry, and the Big Whopper lithium petalite
deposit discovered in 1996 by the OGS. Both of these examples exceed 9
million tonnes, illustrating the size potential of the region for large
pegmatite-hosted mineral deposits.

Temex is implementing a field program under the direction of Mr. Bill
Hood, P.Geo., commencing with preliminary prospecting and gamma-ray
scintillometer surveying to focus on target areas proximal to the most
intense airborne anomalies. A detailed radiometric survey is planned
to be flown over the claim groups to define the anomalies identified
from the OGS-GSC surveys and to locate additional high priority ground
targets for follow-up.

The Hillock Lake Property was acquired via an option agreement with
local prospector Robert Fairservice. To earn a 100% interest, the
Company must issue 100,000 shares, make cash payments totalling
$60,000, and complete a work commitment of $200,000 over three years.
Mr. Fairservice retains a 1% NSR royalty, with the Company having the
option to buy back 0.5% of the royalty at any time for $1.0 million
(CDN), or in increments of 0.25% for $0.5 million. The Company paid a
finders fee of $20,000 and granted a 1% NSR royalty with a buy back of
0.5% of the royalty for $0.5 million at any time on a portion of the
Huston Lake Property.

For further information please contact Ian Campbell or Bruce Durham at
416-862-2246. Temex is a well-funded Canadian exploration company
focused on advancing its precious metal, diamond, nickel and uranium
projects in Manitoba and Ontario.

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*

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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 Jul 17, 2007 at 7:15:06 AM Pacific Time
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