Exploration underway on Latchford Gold Project

    TORONTO, Aug. 31 /CNW/ - Temex Resources Corp. (TSX Venture:TME,
Frankfurt:TQ1) ("Temex" or "the Company") announces that a field exploration
program has commenced on the Latchford Gold Project ("LGP") located in
northeastern Ontario in the area south and west of the town of Cobalt. The
program will focus on determining the extent of the new gold in bedrock trend
discovered late last year by prospecting (news release April 7, 2009), located
approximately 6 km north of the original discovery in 2004 of a block of rock
containing a carbonate vein with bonanza gold mineralization from which grab
samples assayed in excess of 6,000 g/t gold.
    Last fall the Company conducted a prospecting program from which several
select grab samples returned gold values ranging from 0.10 g/t to 5.52 g/t
gold and 11.97 g/t gold in an area that had anomalous mineralization with
values up to 0.65% copper, 0.069% cobalt and 0.052% nickel. Significantly, the
gold mineralization is from a series of rusty fractures cutting Proterozoic
basal sediments interpreted to be very near the unconformity with unexposed
Archean basement rock, a geological environment similar to the setting of the
famous Cobalt and Gowganda silver mining camps. The program will consist of
prospecting and sampling followed by detailed grid work comprised of
linecutting, soil geochemistry and induced polarization geophysical surveys in
order to prioritize drill targets.
    The LGP was initiated following the discovery of vein-style bonanza gold
mineralization when detailed geochemical analyses demonstrated that the
abundant visible gold in the sample was associated with cobalt-nickel-arsenide
minerals in calcite veins and was determined to have an origin similar to that
of the ultra high grade silver veins from the world-famous Cobalt and Gowganda
silver districts. Temex has targeted several areas of the Cobalt Embayment of
northeastern Ontario for exploration of Proterozoic-aged, high grade precious
metal deposits.
    The current program will also follow-up on several other significant
finds from the 2008 program, located within 6 km north and south of the
original high grade gold discovery site, which are suggestive of Archean
mineral deposit types including individual select grab samples grading: 31.03
g/t gold; 15.36 g/t gold; 1,060 g/t silver, 3.87% lead and 2.58% zinc; 1.88
g/t palladium, 0.58% nickel, 0.30% copper and 0.11% cobalt; 1.29 g/t gold and
1.68% copper; 7.19% molybdenum.

    Corporate Update

    The Company also announces the grant of an aggregate of 1,410,000 options
under the stock option plan to the Company's directors, management, staff and
consultants. Each such option may be exercised by the holder to purchase one
common share of the Company at a price of $0.26 per share, representing the
closing trading price of the Company's common shares on the TSX Venture
Exchange on August 28, 2009, for a period of 5 years.
    Ian Campbell, P.Geo., is the designated Qualified Person responsible for
the preparation of this news release. Temex is a Canadian exploration company
advancing its precious metals 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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