Temex acquires key claims adjacent to West Timmins Mining's property, Timmins Ontario



    TSX Venture Exchange:TME, Frankfurt Exchange:TQ1

    TORONTO, June 25 /CNW/ - Temex Resources Corp. (TSX Venture:TME,
Frankfurt:TQ1) ("Temex" or "the Company") reports it has entered into an
option agreement (the "Agreement") with three individuals (the "Optionors")
granting the Company the right to earn a 100% interest in 60 mining claim
units covering 2400 acres adjacent to property held by West Timmins Mining
Inc. ("West Timmins Mining" or "WTM"). One of the Optionors of the newly
acquired Croxall Property (the "Property") is the vendor of key claims where
West Timmins Mining and Lake Shore Gold Corp. ("Lake Shore" or "LSG")
yesterday announced "the broadest high grade gold intercept ever reported from
the West Timmins district - an impressive 83.4 metres (273.55 feet) grading
12.75 g/t (0.37 ounce per ton) gold" (WTM news release June 24, 2009). This
Optionor (1/3 interest) held an interest in these two properties as far back
as the 1980's, always believing in the potential for the properties to host
significant gold mineralization. The Property is known to host more than one
'syenite' type gold bearing porphyry body and also hosts gold mineralization
in other geological environments similar to those being explored on the WTM
Property.
    Ian Campbell, President and CEO of Temex commented: "We have been working
for some time on expanding our interests in the Timmins Camp and in particular
the acquisition announced today; the drill results released yesterday by West
Timmins and Lake Shore underscore our reasons for doing so. Temex personnel
have a long history of exploring in the area west of Timmins dating back to
the mid 1990's when Bruce Durham, our Executive Chairman served as the VP
Exploration for the predecessor company of West Timmins. This experience will
allow us to move very quickly and we believe the entire area west of Timmins
is going to be a hot spot for gold exploration going forward and the Croxall
Property will be one of those hot spots."
    The Croxall Property has been explored by other operators over the past
two decades and this work resulted in the generation of good quality data and
a reasonable understanding of the basic geology has been developed. This
database will allow the company to fast track exploration of certain portions
of the Property this summer and allow immediate drill testing of prime targets
such as the syenite porphyry and other `red altered' porphyry areas already
identified. In the course of exploration work in the mid 1990's, a porphyry in
the southern part of the Property is reported to have assayed 2.62 g/t over
0.91 metres in one drill hole while another drill hole in a separate syenite
porphyry assayed 2.32 g/t over 1.38 metres. This latter porphyry is estimated
to be on the order of 750 metres by 250 metres in surface expression. The
geological setting and the level of gold values obtained from previous work
are similar to those reported historically at the Rusk zone on the WTM
property. Deeper drilling results reported by WTM and LSG underscore the
importance of full evaluation of areas of strong alteration associated with
syenite type intrusions in existing gold camps.
    The data set also includes geophysical data that has identified numerous
gold exploration targets that are largely untested. One area of the Property
covers the extension of some of the gold mineralized zones drill tested by
WTM/LSG including one referred to as the 'North Zone' with a recently reported
intersection of 13.64 g/t gold over a core length of 8.2 metres. The Property
also covers an interval of roughly 3 kilometres of the Porcupine-Destor Fault,
a key marker for gold mineralization in the Timmins Gold Camp. In another area
of the Property a drill hole intersected a zone of highly altered sediments
containing pyrite and arsenopyrite that assayed 1.59 g/t gold over 1.5 metres
in addition to numerous anomalous gold values that warrant follow-up. No
drilling appears to have tested this zone of mineralization anywhere nearby.
    Temex has initiated a full review and compilation of the historic data on
the Property and expects to be in a position to start diamond drilling in
July. Other work contemplated for the summer will include geophysical
surveying over specific existing gold exploration targets including syenite
porphyry bodies similar to those that host the Thunder Creek discovery.
    In order to earn a 100% interest in the Croxall Property the Company must
make cash payments totalling $120,000, issue 200,000 common shares of Temex
and complete work programs totalling $500,000 over a four year term. Initial
payments are comprised of 90,000 common shares and $30,000. The Optionors
shall retain a 2.5% net smelter return royalty of which Temex may purchase
1.3% for $1.3 million. The Agreement is subject to advance on royalty payments
of $9,000 per year after the earn-in for a period not to exceed 10 years. The
buyout and the advance royalty payments are to be indexed to the Consumer
Price Index. The Agreement is subject to the approval of the TSX Venture
exchange.
    Bruce Durham, P. Geo., is the designated qualified person responsible for
the preparation of this news release. Temex is a Canadian exploration company
advancing its precious metal projects in 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, President and CEO or Bruce
Durham, Executive Chairman at (416) 862-2246 or visit www.temexcorp.com

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