Temex accelerates plans for Timmins Gold Project - $2 million diamond drill budget set for 2008



    TSX Venture Exchange:TME, Frankfurt Exchange:TQ1

    TORONTO, Feb. 20 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") announces its plans for 2008 on the
Whitney Township Property in the Timmins Ontario Gold Camp, one of the largest
gold camps in the world with total historical production to date in excess of
65 million ounces of gold. The Whitney Property contains five past producing
mines including the Broulan Reef and Hallnor Mines, the latter of which
represents the highest grade past producer in the camp yielding 1.69 million
ounces of gold at 0.40 ounces per ton gold.

    
    Highlights:

    -   $2 million exploration budget allocated on the Whitney Township
        Property that encompasses several former gold producing mines
        including the Hallnor Mine which yielded the highest average ore
        grades in the Timmins camp
    -   3D modelling program well underway on the Lower Hallnor Mine to
        outline drill targets on mineralized vein systems which had been
        identified but not developed
    -   2500 metres of diamond drilling set to begin in late February on
        shallow high priority targets in the former Broulan Reef Mine area
    -   Deep drilling program to commence this summer on the well known
        Boundary Area between the Broulan Reef and Lower Hallnor Mines to
        explore for extensions of the high grade Lower Hallnor "hook veins"
        and additional stacked vein sets
    -   Historical Broulan Reef Mine resources to be re-evaluated and drill
        tested for possible underground extraction from the existing head
        frame or by open pit bulk mining methods
    -   New Vipond Formation target to be drill tested in 2008
    

    Commented Ian Campbell, President and CEO, "The Timmins Gold Project is a
cornerstone asset of Temex and we are accelerating our exploration efforts.
Our recently completed compilation including preliminary 3D modelling of the
historic mine workings clearly illustrates significant potential to not only
discover new zones of gold mineralization throughout the Property, but to
further delineate gold resources in and around the former Broulan Reef mine
and in particular high grade gold resources at depth on the Hallnor Mine
Property. Previous operators have noted through drilling success the excellent
potential on the Hallnor Property and we have allocated an initial
$2.0 million budget to begin realizing this potential."

    Surface Program

    Surface work by the Company during 2007 has outlined additional areas for
diamond drill testing. These targets were enhanced late last year by on-going
lithogeochemical studies aided by consultant Dr. Howard Poulsen. The studies
indicate that the mineralized volcanic-hosted veins within the
Hallnor-Bonwhit-Broulan Reef Mine trend occur in a high iron tholeiite
sequence of rocks within the lower Central Formation of the Tisdale Group,
which comes in contact with the Timiskaming unconformity in the Broulan Reef
and Hallnor Mine areas. These favourable iron tholeiites are the same
stratigraphic units which hosted portions of the prolific 33 million ounce
Hollinger-McIntyre-Coniaurum vein systems 12 km to the southwest. These iron
tholeiites, which have been identified within the northwestern portion of the
Whitney Property, have seen very little prior exploration. Additionally, the
lithogeochemical study confirmed that the southwestern portion of the Whitney
Property is underlain by high iron tholeiites of the Vipond Formation in close
proximity to the Timiskaming Unconformity and Broulan Reef-Hallnor structural
trend. The Vipond Formation is the major host formation to the 15 million
ounce Dome Mine vein system, located adjacent to the southwest extremity of
the same Timiskaming Unconformity within the Porcupine Gold camp. The
intersection of these favourable Vipond Formation host rocks with the Broulan
Reef - Hallnor structure has not been drill tested previously and is a target
for the 2008 exploration program.
    A program of 2500 metres of diamond drilling is set to begin. The program
will test a variety of targets including the Chicken Feed horizon on which a
historic drill hole intersected 2.74 metres grading 9.69 g/t gold, the C Zone
area, the west end of the Broulan Reef workings near surface and to the west
of hole TW07-53 (10.29 g/t gold over 1.35 m) which may represent the western
extension of the Broulan Reef vein system. This program will also follow up on
the several basal till gold anomalies identified in previous overburden
drilling campaigns in which till concentrate samples returned values of
11.27 g/t gold and 5.79 g/t gold; both of these areas are considered to have
high potential to represent a proximal bedrock source. Other targets generated
by the recently completed magnetic and induced polarization surveys in the
Broulan Reef area will also be drill tested. This initial 2008 phase of
drilling will target near-surface gold mineralization that could potentially
be accessed by open pit mining methods or by utilizing the existing Broulan
Reef head frame and underground workings.
    As a result of the significant recent gold price increases, a program has
also been initiated to evaluate the open pit potential of some of the lower
grade, near-surface mineralization within the Broulan Reef area. The upper
levels of the Broulan Reef Mine will also be investigated for remnant
mineralization in light of more near-surface mineralization intersected in the
2007 drill program to the west of the mine workings.

    Deep Drilling Program

    A substantial deep drilling program is planned to test high grade gold
targets within the Hallnor Mine area. Previous operators discovered multiple
high grade gold zones where the Company believes there is substantial
potential to build new gold resources. The deep drilling program will be
initiated this summer after the modeling is complete. These holes will be
designed to explore for additional high grade stacked volcanic-hosted vein
systems within the Broulan Reef-Hallnor boundary area. Multiple previous drill
intersections including 40.84 ounces per ton gold over 9.5 feet, and
0.65 ounces per ton gold over 15 feet, are believed to be in unmined hook
veins. Hook veins hosted the majority of the past production from the Lower
Hallnor Mine and these drill intersections clearly indicate the significant
potential for additional high grade veins at depth. In order to facilitate
planning of this deep drilling, maps of the Lower Hallnor Mine stopes are
being digitized so that they can be converted into 3D solids; modelling of the
gold-bearing horizons is expected to be competed by spring. The modelling is
necessary to delineate the extensions of partially mined veins, any known
veins that were not mined, and to further define the corridor hosting the
volcanic-hosted vein systems within the boundary area between the Lower
Hallnor Mine workings and the Bonwhit vein system to the west. This boundary
area is the area west of the deep Lower Hallnor Mine property boundary line at
which mining and exploration was terminated and which remained unexplored due
to the lack of access from the adjacent Broulan Reef workings. The two main
Lower Hallnor veins mined up to this boundary were the 11 and 19 veins which
produced 450,000 tons at 0.30 ounces per ton gold and 650,000 tons at 0.42
ounces per ton gold respectively. Temex is committed to defining significant
additional high grade vein structures on this Property and advancing the
project to an underground exploration and development stage.
    Temex has the option to earn a 60% interest in the Whitney Township
Property from Porcupine Gold Mines (a joint venture between Goldcorp Inc. and
Goldcorp Canada Ltd). The Property is strategically located along strike,
immediately west of the Pamour Mine (total historic production from
underground and open pit mining of 52.2 million tons at 0.09 ounces per ton
gold for a total of 4.7 million ounces of gold) where Porcupine Gold Mines is
currently conducting an open pit gold mining operation. The Whitney Township
Property includes the former producing Broulan Reef and Hallnor mines, the
latter of which produced 4.23 million tons at a grade of 0.40 ounces gold per
ton (1.69 million ounces of gold) and was the highest grade past producer in
the Timmins camp. Temex has the right to explore the entire Broulan Reef
portion and the former Lower Hallnor Mine below the 1000 foot elevation level.
    Henry Hutteri, P.Geo., is the designated Qualified Person responsible for
the preparation of this news release. 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(*)

    %SEDAR: 00005513E




For further information:

For further information: Ian Campbell or Bruce Durham at (416) 862-2246
or visit the Company's website at www.temexcorp.com where a copy of the
Company's latest presentation has been posted

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