Temex Intersects Multiple Zones of High Grade Silver

TORONTO, Aug. 3, 2011 /CNW/ --
TORONTO, Aug. 3, 2011 /CNW/ - Temex Resources Corp. (TSX-V: TME) (FWB:
TQ1) ('Temex' or 'the Company') announces it has intersected multiple
zones of high grade silver on its 100% owned Gowganda Silver Project
('the Property') located 3 kilometres northeast of the historic silver
mining town of Gowganda, Ontario and has excellent access and
infrastructure. The Property hosts past producing silver mines operated
by Miller Lake O'Brien Mines (1910-1944) and Siscoe Metals (1945-1972)
with combined historical production of 40.7 million ounces of silver at an average
grade of 22 ounces per ton silver (Derry, Michener, Booth & Wahl, 1990).

Drilling Highlights

    --  5,510 grams per tonne ('g/t') silver (160.7 ounces per short
        ton ('opt')) over 0.73 metres including 10,267 g/t silver over
        0.30 metres (299.5 opt)
    --  238 g/t silver (6.9 opt) over 2.75 metres including 1,144 g/t
        over 0.44 metres (33.4 opt)
    --  624 g/t silver (18.2 opt) over 0.62 metres

'We are very pleased with our initial test of the Millerett area and
specifically that three separate and shallow zones of calcite veining
were intersected in the hole reported today. Within those zones several
calcite veins typical of what were mined in the past were intersected,
some containing strong native silver mineralization and several other
veins containing anomalous silver mineralization. These zones and
individual veins remain open at depth where further drilling is
required to test for extensions of specific veins and structural zones,
and also the possibility that some of the structural zones may have
bulk tonnage potential,' commented Ian Campbell, President and CEO of
Temex.

Drill hole GS-11-04 testing the Millerett #7 and #8 area intersected
multiple high grade intersections of silver mineralization within three
separate but distinct zones of calcite veining within 80 metres from
surface and contained in the upper portion of the Nipissing diabase
sill which hosts almost all of the historically mined 65 million ounces of silver within a 1.5 kilometre strike length.

The lowermost zone contained bonanza grades assaying 5,510 g/t silver
over 0.73 metres including 10,267 g/t over 0.30 metres from within a 6.2 metre wide zone from 108.50 to 114.70 metres downhole defined by a higher density of
calcite veins, some of which contained highly anomalous silver values
and requiring further drill testing.

The intersections are within zones of higher density calcite veining,
were highlighted by sections assaying 238 g/t silver (6.9 opt silver) over 2.75 metres, and 624 g/t (18.2 opt
silver) over 0.62 metres. Previous drilling in the area by Sandy K Mines in 1988-1989 had
discovered several veins highlighted by drill intersections that
included 154.2 opt silver over 2.0 feet, 291.4 opt silver over 1 foot and 348.5
opt silver over 3.5 feet including 1,039 opt silver over 1 foot. 

The Millerett #7 and #8 areas is located approximately 300 metres
northwest of the Miller Lake O'Brien Mine and 500 metres south of the
Castle Mine, the latter which produced over 10 million ounces of silver at an average grade exceeding 40 ounces per
ton silver and was closed by Agnico Eagle Mines Ltd. in 1989 due to low silver
prices. The Millerett #7 and #8 area is overlain by the historic
tailings from which Temex recently announced (news release June 8,
2011) a National Instrument 43-101 ('NI 43-101') compliant resource
estimate of 1.94 million tonnes grading 47.5 g/t silver for a contained
resource of 2.96 million ounces of silver in the Indicated category.(1 )

Past-producing silver veins are characterized by native silver
mineralization that is subject to extreme heterogeneity in grades,
whereby certain portions of the veins have spectacular native silver
mineralization, and other portions of the same veins have little or no
silver mineralization.  The distribution of silver mineralization
within specific veins is generally unpredictable however the presence
of high grade silver in any portion of a vein was historically proven
to indicate a potentially mineable structure.

The Gowganda Silver Property is located 20 kilometres east of the 100%
owned Juby Lease Property where the Company is currently working to
expand the NI 43-101 compliant resource of 14.1 million tonnes at a
grade of 1.36 g/t gold for 614,000 ounces of gold in the Indicated
category and 18.3 million tonnes at a grade of 1.14 g/t gold for
602,000 ounces of gold in the Inferred category, both at a cut-off
grade of 0.50 g/t gold (news release June 15, 2010).(2 )

Ian Campbell, P. Geo., President and CEO of the Company, is the
designated 'qualified person' (within the meaning of National
Instrument 43-101) responsible for the preparation of this news
release.

About Temex Resources Corp.


Temex is a Canadian based exploration company focusing on its portfolio
of precious metals properties in northeastern Ontario, a world class
mining district.  Temex is exploring its Timmins Whitney Property, in
partnership with Goldcorp, and expanding its NI 43-101 gold resource at
the Juby Gold Project (news release June 15, 2010; SEDAR July 30, 2010)
with an updated resource estimate planned for fall 2011.  Temex also
has a NI 43-101 compliant resource for tailings material on its Gowganda Silver Project (news release June 8, 2011; SEDAR July
21, 2011).

Notes:

  1. Information regarding the mineral resource estimate in the
     tailings piles located on the Gowganda Silver Project can be found
     in the Company's news release dated June 8, 2011 and the technical
     report filed on SEDAR July 21, 2011. The Mineral Resource
     Statement was prepared for Temex by GeoVector Management Inc.,
     Ottawa, Ontario according to the 'CIM Standards on Mineral
     Resources and Reserves: Definition and Guidelines' (December,
     2005), by Allan Armitage, Ph.D., P. Geol., Alan Sexton, M.Sc.,
     P.Geo. and Joe Campbell, B.Sc., P.Geo., 'independent qualified
     persons' as defined by NI 43-101.
  2. Information regarding the mineral resource estimate on the Juby
     Main Zone can be found in the Company's news release dated June
     15, 2010 and the technical report filed on SEDAR July 30, 2010. 
     The Mineral Resource Statement was prepared for Temex by GeoVector
     Management Inc., Ottawa, Ontario according to the 'CIM Standards
     on Mineral Resources and Reserves: Definition and Guidelines'
     (December, 2005), by Allan Armitage, Ph.D., P. Geol., and Joe
     Campbell, B.Sc., P.Geo., 'independent qualified persons' as
     defined by NI 43-101.

Forward Looking Statements:


This news release includes certain 'forward-looking statements'.  Such
forward-looking statements involve risks and uncertainties.  The
results or events predicted in these forward-looking statements may
differ materially from actual results or events.  The Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise.

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 release.

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Please visit www.temexcorp.com or email: info@temexcorp.com or
phone: 416-862-2246   toll free: 866-373-6287