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Re: News Releases - Tuesday, February 19, 2008
Temex Sets Terms for East West Earn In on Claims Near Noront
Ni-Cu-PGE Discovery
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NEWS RELEASE NR 02-2008

TSX Venture Exchange:TME, Frankfurt Exchange:TQ1


TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") announces that it has entered
into a binding letter of intent ("LOI") with East West Resources
Corporation ("East West") whereby Temex has granted East West the
option to acquire a 50% interest in 25 staked mining claims (the
"Claims") totaling 333 units (13,320 acres), in the general area of the
Noront Resources Ltd. ("Noront") recent Ni-Cu-PGE discovery. The
Claims, which are located in the Sachigo Greenstone Belt in the James
Bay Lowlands region of northern Ontario, are located south of the high
grade Noront Eagle One nickel-copper-platinum-palladium discovery.

Highlights :
.. East West granted an option to earn 50% interest in claim group near
Noront Ni-Cu-PGE discovery
.. Airborne EM -- Mag survey scheduled to begin
.. Temex total land position now increased to 7,000 mining units
covering 280,000 acres; interests range from residual royalties to 100%
ownership

The Claims cover features thought to represent geological environments
similar to the geological environment near the Noront Ni-Cu-PGE
discovery. It is believed that the recently acquired Claims have never
been subjected to any previous exploration for Ni-Cu-PGE
mineralization, and for the most part, the Claims have not been covered
by a modern magnetic and electromagnetic geophysical survey. The
initial exploration program will consist of a combination of airborne
and ground geophysical surveying followed by diamond drill testing of
any priority targets.

In order to earn its undivided 50% interest in the claims East West
shall, upon execution and delivery of a definitive Option and Joint
Venture Agreement, make a cash payment of $100,000 and issue to Temex
250,000 common shares of East West, and complete an aggregate of
$1,000,000 of exploration expenditures (the "Work Commitment") over a
three-year period. East West must also issue an additional 250,000
shares on the first anniversary of the agreement.

East West shall be entitled to extend for one year the time for
completion of each milestone of the Work Commitment by notice to Temex
if given prior to the applicable anniversary of signing. Each
extension shall require East West to issue to Temex 250,000 common
shares of East West.

During the earn-in period, East West may appoint Temex as its Agent to
carry out the exploration programs and Temex would be entitled to
charge an industry standard management fee. Upon East West earning its
50% interest in the Claims, Temex shall have 60 days from the date of
exercise of the Option to elect either to form a 50:50 Joint Venture
with East West for further exploration and development of the claims or
to forego the Joint Venture and reduce its undivided 50% interest in
the Claims to a 15% carried and non-assessable interest in the Claims
to the date of commencement of commercial production from the Claims.
Should Temex elect to form a joint venture, Temex shall be the operator
and the Joint Venture shall be governed by a joint management
committee. The terms of the transaction are subject to TSX Venture
Exchange approval.

Temex now holds a direct interest in 7,000 mining claim units covering
280,000 acres in the immediate area and region of the Double Eagle
discovery making Temex one of the largest landholders in the region.
The claims subject to the LOI, located to the southwest of the Noront
discovery, are owned 100% by Temex.

Ian Campbell, P. Geo., is the designated qualified person responsible
for the preparation of this news release. Bruce Durham, Executive
Chairman of Temex, also serves as a Director of East West. For further
information on Temex please contact Ian Campbell or Bruce Durham, at
416-862-2246 or visit the Company's website at www.temexcorp.com.
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) 2008 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 Feb 19, 2008 at 7:07:58 AM Pacific Time
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