Temex Acquires Strategic Latchford Gold Project Exploration Program Planned For Early 2008

    TSX Venture Exchange: TME, Frankfurt Exchange: TQ1

    TORONTO, Dec. 18 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") reports it has entered into an
option agreement to acquire a 100% interest in the Rib Lake Property located
central to the Company's Latchford Gold Project. The Latchford Gold Project
was initiated in 2004, after Temex discovered a block of rock containing 6,222
g/t gold (News Release March 30, 2004) on the Brett Property, close to the
north boundary of the Rib Lake Property. The Brett Property sample, which also
contained cobalt, nickel, copper, and bismuth minerals was determined to have
a similar origin to that of the high-grade silver veins from the famous Cobalt
silver mining camp 15 kilometres to the north, which produced 550 million
ounces of silver and 30 million pounds of cobalt.
    Commented Ian Campbell, President and CEO, "We are very pleased to have
acquired the option to earn a 100% interest in the Rib Lake Property, situated
adjacent to the Brett Property and the site of the discovery of high grade
gold. The acquisition will allow us to expand our search in the immediate area
of this discovery."
    While limited previous exploration work on the 1800 acre Rib Lake
Property was primarily for base-metal mineralization, a drill hole in 1952 by
Rib Lake Copper Mines reportedly intersected a four-metre core length of
silicified and sheared tuffs from which a 1.83 metre section assayed 44.57 g/t
gold and 0.89% nickel; the remainder of the section was not analyzed. A second
interval in similar pyrrhotite-mineralized host rock assayed 6.86 g/t gold and
0.99% nickel over 1.52 metres (MNDM assessment files).
    An initial drill program on the Company's Brett Property was conducted
late in 2004 in the area of the original discovery just north of the Rib Lake
Property. One of the holes intersected a series of calcite veinlets containing
anomalous gold and a multi-element geochemical anomaly consistent with the
geochemical anomalies in Cobalt-style mineralized systems. Prospecting on the
Brett Property discovered additional gold-rich samples, including a sample in
the immediate area of the original discovery containing visible gold (News
Release October 11, 2006; photos on Temex website).
    The Rib Lake and Brett Properties are also prospective for
mafic-ultramafic hosted Ni-Cu-PGE sulphide mineralization typical of the
Temagami area. Strongly anomalous nickel-copper mineralization has been
intersected in drilling by Temex on the Brett Property including in hole
BR04-01 where a 1.4 metre interval assayed 0.72% nickel, 0.19% copper, and
0.357 g/t Pt+Pd and in drilling by previous operators on the Rib Lake Property
(1952-1973) that yielded up to 0.65% Ni, 0.11% Cu and 15 g/t Ag over 13.8
feet, and 0.74% Ni, 0.88% Cu over 2.8 feet (MNDM assessment files). Note that
no QA/QC was carried out on the historical work.
    The Company has initiated a digital compilation of existing data on the
Rib Lake Property and field work is being planned for early in 2008 including
diamond drilling to test priority targets on both the Rib Lake and Brett
    In order to earn a 100% interest in the Rib Lake Propery, Temex must make
cash payments totaling $90,000, issue an aggregate of 100,000 shares and incur
$150,000 of exploration expenditures over three years. The Optionors retain a
2% Net Smelter Returns ("NSR") Royalty on metals produced from the Property,
with Temex retaining the right to purchase up to 1.5% NSR Royalty for
$1,500,000. The terms of the transaction are subject to approval by the TSX
Venture Exchange.

    Ian Campbell, P.Geo. is the designated qualified person responsible for
the preparation and content of this news release.

    Temex is a well-funded Canadian exploration company focused on advancing
its extensive property portfolio.

    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: on Temex, please contact Ian Campbell or Bruce
Durham at (416) 862-2246 or visit the Company website at www.temexcorp.com

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