Temex Acquires Additional Nickel Exploration Property Adjacent to Golden Chalice Nickel Discovery

    TSX Venture Exchange:TME, Frankfurt Exchange:TQ1

    TORONTO, June 19 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") announces the acquisition of another
nickel exploration property adjacent to the Golden Chalice nickel discovery
property near Timmins, Ontario.
    The latest Temex nickel exploration property acquired is known as the "LG
Property" and consists of 107 claim units covering 4,280 acres immediately
adjacent to the south of the Langmuir property of Golden Chalice Resources
Inc. ("Chalice"). The LG Property shares the southern boundary of the Chalice
Property for nearly 6 km. The LG Property was staked by the Company and the
vendor of the Property to cover airborne magnetic features that extend from
the Chalice Property onto the area covered by the LG claims. The Chalice
nickel discovery in drill hole GCL07-06 returned composite assays of 1.14%
nickel over 72.50 metres, including two separate mineralized intervals of
2.23% nickel over 17.50 metres of drill core and 1.74% nickel over 13.10
metres of drill core. Most recently, on June 15, Chalice announced the results
from a second hole where a shallower intersection assayed 2.36% nickel over a
core length of 14.90 metres.
    The LG Property position was designed to cover the known or interpreted
location of under-explored ultramafic rocks similar to those thought to host
the new Chalice discovery and also the nickel mineralization at Redstone Mine,
the McWatters Deposit, the Langmuir Mine and the Texmont Mine. A series of
magnetic high trends on the Chalice Property located in areas of known and
interpreted favourable ultramafic rocks extends along the property boundary
and onto the LG Property. The magnetic high wraps around the contact of a
granitic body in a southwesterly fashion, then trends northeasterly through
the LG Property, and back onto the Chalice Property near the northeast corner
of the LG Property. Limited historic exploration work dating back to the 1950s
in the LG Property area indicates the presence of ultramafic rocks similar to
those that host the Chalice nickel mineralization and which remain virtually
unexplored for nickel mineralization. The current Temex land position is
depicted in relation to the Chalice Property on the Company website at
www.temexcorp.com (please see link to this news release under Latest Updates).
    Personnel of the Company have a proven history of having completed
exploration programs in the area dating back more than 30 years. This
knowledge of the area is being utilized to assemble a significant land package
covering areas of under-explored favourable geology similar to the host
lithologies at the various nickel deposits. The Company intends to initiate
exploration on the claims once the property acquisition phase is finalized.
    The terms of the option agreement are substantially as follows. Temex has
the option to earn a 100% interest in the LG property. Payments to the vendor
are $10,000 within 10 days and 30,000 shares upon regulatory approval. If
Temex disposes of a majority of its interest, Temex shall make an additional
payment of $20,000. The vendor retains a 1% Net Smelter Returns royalty on any
mine production from the property, subject to Temex having the right to
purchase 50% of the royalty for $1,000,000.

    Temex is a well-funded Canadian exploration company focused on advancing
its precious metal, diamond and nickel 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: please contact Ian Campbell or Bruce Durham at
(416) 862-2246 or visit the Company website at www.temexcorp.com

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