Temex provides exploration update

    TSX Venture Exchange:TME, Frankfurt Exchange:TQ1

    TORONTO, Oct. 22 /CNW/ - Temex Resources Corp. (TSX Venture:TME,
Frankfurt:TQ1) ("Temex") is pleased to provide an update on its exploration
activities. The Company is active on several projects including the Ring of
Fire, the Timmins and Latchford Gold Projects and the Huston Lake Uranium
Project. Drilling continues on the Whitney Township Gold Project located in
the Timmins gold camp and the Company is anticipating that drilling will
resume in the Ring of Fire in the near future. Crews are active in the field
on both the Latchford Gold Project and the Huston Lake Uranium Project in
preparation for drill programs to be conducted in the coming months. Commented
Ian Campbell, President and CEO, "Temex is funded to carry out our exploration
programs and we continue to have significant contributions from partners on
several of our properties."

    Webequie Nickel-Copper-Platinum Group Element Project

    The Company holds interests ranging from residual royalties to 100%
interest in 637 claims covering 375,400 acres in the area of the Noront
Resources Ltd. ("Noront") Eagle One nickel-copper-platinum-palladium
("Ni-Cu-PGE") deposit and the Spider Resources Inc./KWG Resources Inc.
copper-zinc ("Cu-Zn") discoveries in the McFaulds Lake area of northern
Ontario. The Webequie Project has potential for near term discoveries of
various types of mineralization specifically magmatic nickel-copper-platinum
group element deposits, volcanogenic massive sulphide ("VMS") copper-zinc
deposits, mesothermal gold deposits, and diamondiferous kimberlites. In
August, the Company initiated diamond drilling on five of its numerous
properties in the McFaulds Lake area.

    Southern Star Eagle and Northern Star Eagle Properties

    -   Mill City Gold Corp. (TSXV:MC) ("Mill City") earning 50% interest
        from the Company and funding the program 100%; Temex is operator.
    -   One of claim groups immediately adjacent to the WSR Gold Inc. and
        Metalex Ventures Ltd. VMS discovery
    -   High priority geophysical targets slated for drill testing in the
        coming months.
    -   Three holes totalling 735 metres completed to date under the Option
        and Joint Venture Agreement and numerous high priority targets remain
        to be tested.

    Fishhook Property

    -   Joint Venture between the Company and East West Resource Corporation
        (TSXV:EWR) ("East West") and on which Noront (TSXV:NOT) is earning an
    -   Eleven holes drilled totalling 2,024 metres to test airborne
        geophysical conductors.
    -   Conductors explained by the presence of sulphide mineralization,
        primarily pyrite and pyrrhotite, in altered volcanics, granites and
    -   Program is being funded 100% by Noront with East West acting as field
        manager of program.

    GP2 Property

    -   Joint Venture between the Company and East West and on which Mill
        City is earning a 50% interest. Program is funded 100% by Mill City
        with Temex acting as operator.
    -   Eight-hole 1,280 metre drill program completed in September designed
        to test some of the geophysical targets identified from the winter
        2008 VTEM survey.
    -   All holes but one intersected sufficient sulphide mineralization
        consisting primarily of pyrrhotite and pyrite explaining the
        geophysical anomalies targeted with chalcopyrite (copper sulphide)
        noted in some cases.
    -   Significant mineralized zones have been sampled; results expected by
    -   Drilling suggests geological environments favourable for copper,
        nickel and zinc mineralization.

    Adelaide and Wellington Properties

    -   Joint Venture between the Company 25%, MacDonald Mines Exploration
        Ltd. 25% (TSXV:BMK) ("MacDonald") and Canadian Orebodies Inc. 50%
        (TSXV:CO) ("Orebodies").
    -   Primary target on the properties is magmatic nickel-copper sulphide
    -   Two holes totalling 468 metres drilled on Adelaide Property.
    -   One hole intersected 15-20% sulphide mineralization over 24 metres in
        altered gabbro; significant zones sampled and assays pending.
    -   Drilling planned for Wellington on high priority target.

    Timmins Gold Project

    -   $2.0 million advanced deep drilling program underway on the Hallnor
        Mine block, one of the highest grade past producing mines in the
        Timmins Mining Camp at 0.40 opt gold.
    -   First pilot hole and two wedge holes, totalling 2,402 metres
        completed to date; results for the pilot hole will be released in the
        near future and assays from the other two completed holes are
    -   Program is targeting the undeveloped extensions of Lower Hallnor 11
        and 19 high grade vein systems which were previously mined up to a
        formerly existing property boundary; these two veins produced
        450,000 tons grading 0.30 opt gold and 650,000 tons grading 0.42 opt
        gold respectively.
    -   Ongoing exploration of targets potentially mineable by open pit
        mining methods with additional infill drilling planned to expand gold
        mineralization intersected in previous drill programs.
    -   Previous intersections include: 33.46 g/t gold over 5.40 metres and
        2.29 g/t gold over 7.10 metres, 3.58 g/t gold over 6.60 metres and
        30.13 g/t gold over 0.90 metres.
    -   Temex has option to earn a 60% interest from Porcupine Gold Mines (a
        joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) on the
        Broulan Reef Mine portion and below 1000' on the contiguous Hallnor
        Mine portion.

    Huston Lake Uranium Project

    -   Extensive follow-up program underway to field check airborne
        radiometric anomalies and prioritize targets for a preliminary
        diamond drilling program, slated to be conducted in December.
    -   $750,000 program funded 100% by Nuinsco who are earning a 50%
        interest; Temex operator for initial $500,000.
    -   2,705 line-kilometre helicopter-borne magnetic and radiometric
        geophysical survey completed in May 2008 identified several hotspots
        within areas that previously appeared as large regional anomalous
    -   Anomalies occur in discrete zones ranging from 0.2 to 0.5 kilometres
        long to broad areas of higher radioactivity over several kilometres
        along the 45 kilometre strike length of the claims.
    -   Mineralogical work has confirmed presence of primary uranium mineral
        uraninite and secondary uranium minerals uranophane and boltwoodite
        from which random grab samples returned values ranging from 0.047% to
        0.130% U(3)O(8).

    Latchford Gold Project

    -   Project initiated with the discovery of a gold boulder containing
        calcite vein which assayed in excess of 6,200 g/t gold.
    -   Prospecting program in progress on priority target areas of Rib Lake
        and Brett Properties including several airborne EM anomalies detected
        by May 2008 survey.
    -   Initial assay results of prospecting program expected shortly.
    -   Diamond drilling is being planned on the Brett Property, site of the
        original discovery of the high grade gold boulder, and the adjacent
        Rib Lake Property which has a historical drill intersection of
        1.30 opt gold over 1.83 metres.


    -   Historical production of 40.7 million ounces silver at a grade of
        22 opt silver; located 3 kilometres northeast of the historic silver
        mining town of Gowganda - see note 1 below.
    -   Tailings deposits contain a non-compliant NI 43-101 1.827 million
        short tons grading 1.43 opt silver - see note 1 below.
    -   High grade drill intersections in unmined areas of the property have
        returned several high grade intersections from up to eight vein sets
        include 11,947 g/t silver over 3.5 ft to 4,560 g/t silver over
        2.2 ft, and 8,314 g/t over 1.3 ft;
    -   3D modelling of these and other high grade veins just completed;
        exploration targets defined.
    -   Diamond drilling being planned as well as ongoing evaluation of
        tailings deposits.

    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 metal, nickel, diamond, and uranium projects in
Ontario. For further information, contact Ian Campbell, President and CEO or
Bruce Durham, Executive Chairman at 416-862-2246 or visit www.temexcorp.com.
Interested parties may visit the Temex IR Hub at
http://www.agoracom.com/ir/Temex where they can post questions and receive
answers or review questions and answers already posted by other parties.
Questions, correspondence and requests for names to be added to the e-mail
list to receive all future press releases and updates in real time can be
emailed to mailto:TME@agoracom.com.

    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(*)

    Note 1. Estimates reported are historical and are not in compliance with
    National Instrument 43-101 "Standards of Disclosure for Mineral
    Deposits" ("NI 43-101"). In addition, Temex has not done the work
    necessary to verify the classification of the resource, is not treating
    the estimates as NI 43-101 defined resources verified by a Qualified
    Person, and the historical estimates should not be relied upon. However,
    Temex considers the historical estimates and drill core intersections to
    be relevant based on the nature of the orebodies and the published 70-
    year historic production figures of the Miller Lake O'Brien Mine and the
    nature of other orebodies in the immediate area. Temex considers the
    historical estimates related to the tailing deposits to be reliable and
    relevant based on the methodology undertaken in the various work programs
    and the confirmation sampling conducted by Temex. Temex has reported
    assays in ounce per ton (opt) where they have been stated as such in the
    literature and grams per tonne where they are reported from Temex
    exploration programs.
    %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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