Tiex - TSX-V Approval of Private Placement

KELOWNA, BC, May 16 /CNW/ - Tiex Inc. ("Tiex" or the "Company") (TSX-V: TIX) is pleased to announce that, on May 13, 2011 it has received from the TSX Venture Exchange final acceptance for filing documentation with respect to the Company's Non-Brokered Private Placement announced May 5, 2011.  The Finder's Fee reported as paid in the May 5, 2011 announcement has been corrected from 91,920 units to 71,160 units.

About Tiex Inc.

Tiex Inc. is a TSX Venture listed mineral exploration company focused on the exploration of its 95,559 hectare Cariboo Goldfields Project, (including the earn-in option/joint venture agreement with Newmont announced in the Company's April 27, 2011 news release) located in the historic Quesnel Trough area of central British Columbia, Canada.  The property is accessible by highway and logging roads year round. For more information, you can visit the company's website at www.tiexinc.com

ON BEHALF OF THE BOARD OF DIRECTORS

"Kenneth D. Faulkner"

President & CEO 

Certain 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.

SOURCE TIEX Inc.

For further information:

Ken D. Faulkner, President & CEO
Telephone: (250) 869 - 1607
Facsimile:   (250) 868 - 0798
Email: ceo@tiexinc.com

Profil de l'entreprise

TIEX Inc.

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