Tirex to Remobilize With Intense Drill Program at Mirdita

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/12/10 -- Tirex Resources (TSX VENTURE: TXX) -

--  NI 43-101 Mineral Resources targeted within six months from the start of
    program
--  Program to consist of advanced stage work in combination with new
    discovery exploration
--  Company well funded via recent oversubscribed financings totaling $3.7
    million

Tirex Resources is pleased to announce that it is immediately re-mobilizing to its Mirdita VMS District in Albania, funded by recently closed oversubscribed financings totaling approximately CAD$3,700,000.

This program at Mirdita will be an intense blend of drilling to target new discoveries alongside of advanced stage work to develop initial National Instrument 43-101 compliant Mineral Resources in multiple areas.

The deliverables targeted on the advanced stage component of the program include NI 43-101 compliant Mineral Resources to be completed within the next six months at Koshaj, Letitna, and South Gurthi No. 2. In drilling completed to-date by Tirex, wide and high grade zones of copper, zinc, gold and silver mineralization were encountered in all of those areas (see Tirex news release dated January 11, 2010 for a summary of drill results in these areas).

Concurrent with the advanced stage work, pure exploration work will be taking place. The blue sky exploration component of the program will consist of drilling in the Gurthi South No. 1 area of the property, an area with historically reported rich copper mineralization and Bari South Pass.

Bari Pass South has been identified by Tirex as highly prospective through extensive fieldwork. In 2008 and 2009, geological mapping and geochemical rock sampling revealed an abundance of altered and chemically distinctive felsic volcanic rocks, gossans and iron formation that are commonly associated with sulphide mineralization in other VMS mining districts. Significant exploration related features include the recognition of multiple felsic volcanic centres, an abundance of felsic volcanic rocks with the same chemical affinity as those associated with the high grade-deposits in the Letitna to Koshaj corridor to the south and the overprinting of felsic volcanic centres and flanking volcanic rocks by moderate to intense hydrothermal alteration. This felsic-dominated terrain is up to 500 meters thick and has a north-south strike length of approximately 2.0 kilometres. These lithological features and the temporal relationships between volcanism and alteration that have been identified in the South Bari Pass area are similar to other VMS districts that host major precious metal bearing copper-zinc deposits elsewhere. One hole drilled in the area by Tirex to date intersected a thick felsic unit with alteration and disseminated sphalerite and pyrite. Tirex will be utilizing drilling and borehole EM in the area to vector in on potential deposits.

Funding support for the upcoming program includes a recent financing from the European Bank for Reconstruction and Development ('EBRD'), a major financial backer of the company.

George Gorzynski, P.Eng., Tirex director and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release.

Further details on the company and the Mirdita Project including a location map for the areas described in this news release can be found on the Tirex website at www.TirexResources.com.

ON BEHALF OF TIREX RESOURCES LTD.

Bryan J.R. Slusarchuk, CEO and Director

Forward-Looking Statements. This Tirex News Release may contain certain 'forward-looking' statements and information relating to Tirex that are based on the beliefs of Tirex management, as well as assumptions made by and information currently available to Tirex management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

'Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.'

Contacts:

Tirex Resources Ltd.

Bryan J.R. Slusarchuk

CEO and Director

(604) 687-7160 or Toll Free: 1-877-687-7160

(604) 687-7165 (FAX)
info@TirexResources.com
www.TirexResources.com