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11.07.2008
Temex and Nuinsco complete Agreement and commence exploration on Uranium properties


Temex and Nuinsco complete Agreement and commence exploration on Uranium properties

TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or “the Company”) and partner Nuinsco Resources Limited ("Nuinsco") (collectively “the Companies”) announce they have completed final execution of the Option and Joint Venture Agreement and that the first phase of exploration work has begun. The Agreement grants Nuinsco the option to acquire a 50% interest in the Marijane Lake and Huston Lake Uranium Properties (the "Claims"), by expending a total of $750,000 over a two year period and by making certain cash payments and share issuances to Temex (news release May 15, 2008). The properties are contiguous and located approximately 70 km northwest of Kenora, Ontario and 75 km east of Lac du Bonnet, Manitoba.

Highlights
 Nuinsco and Temex execute Option and Joint Venture Agreement to explore uranium properties
 2,705 line-km helicopter-borne radiometric and magnetic geophysical survey completed; numerous high quality anomalies detected
 Secondary uranium minerals uranophane and boltwoodite confirmed by X-ray and electron microprobe analyses from 2007 prospecting samples from which anomalous values ranged from 0.047% to 0.130% U3O8
 Ground follow-up of airborne anomalies this summer with diamond drilling of priority targets planned for fall 2008

Preliminary data have been received from a 2,705 line-km helicopter-borne radiometric and magnetic geophysical survey flown in May by Geo Data Solutions Inc. The gamma radiation spectrometer collected total counts for all radioactive sources as well as separate counts for uranium, potassium, and thorium. The survey was flown at 100 metre-line spacing and was designed to provide detailed resolution over the claim blocks which were staked to cover several prominent equivalent uranium radiometric anomalies apparent on regional government sponsored surveys (1977) flown at 800 metre-line spacings or greater. Despite the fact that these anomalies were the largest and strongest in the region and that most of the other radiometric anomalies in the region have associated uranium mineralization, there is no record of previous uranium exploration on the Claims subsequent to the government survey.

The current airborne survey data received for the uranium counts have provided significant resolution as compared with the previous regional government data. Not only has the detailed survey provided greater definition to focus the 2008 prospecting program, it has identified new hotspots within areas that previously appeared as regional moderately anomalous areas. The anomalies apparent on the new survey occur in discrete zones ranging from 0.2 to 0.5 km long, to broad areas of higher radioactivity over several kms along the 45 km strike length of the Claims. Once the final survey data have been received and evaluated, the Companies will be implementing a robust ground follow-up program to field check the anomalies and prioritize targets for a fall diamond drill program.

Recent mineralogical work conducted under the direction of Dr. Richard Taylor of Carleton University in Ottawa, has confirmed using X-ray diffractometry and electron microprobe analysis that samples collected in 2007 contain the secondary uranium minerals uranophane and boltwoodite, both of which are found in abundance at the Rössing uranium deposit in Namibia. These samples were collected while prospecting for the source of some of the anomalies detected by the government airborne surveys. Outcrops exhibited powdery yellow staining, from which random grab samples returned values ranging from 0.047% to and 0.130% U3O8.

Commented Ian Campbell, President and CEO, “We welcome Nuinsco as our partner in the exploration of this exciting early stage prospect and we are very encouraged with the results achieved thus far and look forward to advancing the project to the next stage.”

Karen Rees, P. Geo., General Manager, is the designated qualified person responsible for the preparation of this news release. Temex is a well-funded Canadian exploration company advancing its precious metal, nickel, diamond and uranium projects in Ontario and Manitoba. For further information, contact Ian Campbell or Bruce Durham at 416-862-2246 or visit www.temexcorp.com for more detailed information on each project, and where the Company’s latest presentation has been posted. Investors 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 investors. Alternatively, investors are able to e-mail all questions and correspondence to mailto:TME@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

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*