TIEX INC. announces commencement of diamond drilling at its Gold Creek property



    KELOWNA, BC, July 25 /CNW/ - Tiex Inc. (the "Company") TSX-V: TIX, Mr.
Ernie Bergvinson, president, of TIEX INC. announces commencement of diamond
drilling at its Gold Creek property in the Likely area of the Cariboo mining
district, British Columbia. The target area occurs in the Bullion Gold Corp.
mineral tenures that were acquired as part of the Company's recent Qualifying
Transaction. They comprise 20 contiguous claims encompassing 7,135 hectares
along the Quesnel metallogenic belt. The historic mining district has been
rejuvenated in recent years following the discovery at nearby Spanish Mountain
by Skygold Ventures Ltd. of gold-bearing zones hosted in argillites, black
phyllites and wackes of Middle Triassic age.
    TIEX INC. recently completed a $2,000,000 financing with funds received
to be directed to exploration of the Company's Cariboo area properties that
comprise a total of 260,307 hectares. The Gold Creek diamond drilling program
is being managed by Dan Cardinal, P.Geo., project manager and Qualified
Person. A contract for 6,500 metres of core drilling has been signed with
Hardrock Diamond Drilling Ltd. of Naramata, B.C. to provide a new,
track-mounted drill equipped with HQ-size tools. Drill core will be logged at
the Company's facility in Likely, B.C. and core will be split and sampled by a
diamond saw. As part of quality control and quality assurance, blanks,
standards and duplicates will be inserted in the sampling procedure. Samples
will be shipped to Acme Analytical Laboratories Ltd. of Vancouver, B.C.
    The 43-101 qualified person for Tiex's projects is Dan Cardinal, P.Geo.,
Project Manager, for all of the Company's projects in the Cariboo district and
has verified the contents of this news release.

    On Behalf of the Board of Directors,
    Ernest Bergvinson, President & CEO

    This news release contains certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical fact, that address future production, reserve
potential, exploration drilling, exploitation activities and events or
developments that the Company expects to occur, are forward looking
statements. Forward looking statements are statements that are not historical
facts and are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or conditions "will",
"would", "may", "could" or "should" occur. Information inferred from the
interpretation of drilling results and information concerning mineral resource
estimates may also be deemed to be forward looking statements, as it
constitutes a prediction of what might be found to be present when and if a
project is actually developed. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results may differ materially from those in the forward-looking
statements. Factors that could cause the actual results to differ materially
from those in forward-looking statements include market prices, exploitation
and exploration successes, and continued availability of capital and
financing, and general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future performance
and actual results or developments may differ materially from those projected
in the forward-looking statements. Forward looking statements are based on the
beliefs, estimates and opinions of the Company's management on the date the
statements are made. The Company undertakes no obligation to update these
forward-looking statements in the event that management's beliefs, estimates
or opinions, or other factors, should change. For further information
investors should review the Company's filings that are available at
www.sedar.com or contact Ernest Bergvinson, President at (250) 869-1607.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this News Release.

    %SEDAR: 00022424E




For further information:

For further information: Ernest Bergvinson, Suite 307, 1500 Hardy
Street, Kelowna, British Columbia, V1Y 8H2, Phone: (250) 869-1607, Fax: (250)
868-0798, Email: ceo@tiexinc.com, Website: www.tiexinc.com

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TIEX INC.

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