Tiex Grants Incentive Stock Options

    VANCOUVER, July 3 /CNW/ - TIEX INC (TIEX or the Company) (TSV-V:TIX)
announces that the company has granted incentive stock options to directors,
officers and employees of the company to purchase up to 560,000 common shares
in the capital stock of the Company pursuant to a Share Option Plan approved
by shareholders. The options are exercisable at a price of $0.18 per share,
and have a term of up to five years.

    Tiex Amends Advanced Royalty

    Tiex has entered into two amended purchase agreements with Lloyd Addie
amending the advanced royalty payments that are currently due from $40,000 to
$10,000. The prior agreements required additional cash payments of $20,000
annually, but have been amended to $7,000 annually.
    Tiex has entered into an amended purchase agreement with George Addie
amending the advanced royalty payment that is currently due from $20,000 to
$5,000. The prior agreement required additional cash payments of $10,000
annually and has been amended to $3,500 annually. All the agreements retain a
2% net smelter return of which half can be purchased by the company for
payment of $1.0 million. The 1.0 million escrowed common shares of Tiex that
were issued for the properties were not amended. The properties are located in
the historic Cariboo Gold Mining District of central British Columbia and are
in the vicinity of Hawthorne Gold Corp/Eureka Resources Frasergold Property.

    Tiex Acquires Strategic Claims Adjoining Gold Creek Property

    The company has entered into a cash agreement with two vendors to acquire
a 100% interest in 16 mineral claims consisting of three properties for a
total consideration of $7,500. The Claims are located in the historic Cariboo
Gold Mining District of central British Columbia. The Likely property is
immediately adjacent to Tiex's Gold Creek claim where a 2009 MMI soil grid
survey is underway and a drill program is planned. The other strategic claims
are located on Cedar Mountain and adjoin to the south and east of the Spanish
Mountain property of Skygold Ventures and connect with Tiex's claims to the
south.
    For more information, you can visit the company's website at
www.tiexinc.com

    John Buckle, P. Geo., P. Geoph, the Company's Vice President of
Exploration and a Qualified Person as defined by National Instrument 43-101,
has reviewed and approved the technical information contained in this press
release.ON BEHALF OF THE BOARD OF DIRECTORS

    "Ernest Bergvinson"

    President & CEOCertain information regarding the Company including management's
assessment of future plans and operations, may constitute forward-looking
statements under applicable securities laws and necessarily involve risks
associated with mining exploration and development, volatility of prices,
currency fluctuations, imprecision of resource estimates, environmental and
permitting risks, access to labour and services, competition from other
companies and ability to access sufficient capital. As a consequence, actual
results may differ materially from those anticipated in the forward-looking
statements.NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
    THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.%SEDAR: 00022424E

For further information: Ernest (Ernie) Bergvinson, President & CEO,
Telephone: [phone], Facsimile: [phone], Email: [e-mail]