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14.07.2008
Temex intersects high grade Gold on Timmins Gold Project

Temex intersects high grade Gold on Timmins Gold Project

TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex" or the “Company”) announces assay results from the recently completed 3,325 metre diamond drilling program on the Broulan Reef Mine portion of the Whitney Township Property in the world-class Timmins gold camp where gold production to date exceeds 65 million ounces. A $2.0 million budget has been allocated for exploration on the Property which encompasses several former gold producers including the former Broulan Reef and Hallnor Mines, the latter of which was one of the highest grade gold mines in the Timmins gold camp. Historical production totalled more than 1.65 million ounces of gold at an average grade of 0.40 opt (13.71 g/t).

Highlights
 Significant and high grade gold values intersected near surface with visible gold observed in quartz vein systems in 10 of 12 holes within the C Zone area and former Broulan Reef mine crown pillar, hanging wall and foot wall zones.
 TW08-67 intersected 33.46 g/t gold over 5.40 metres including 62.99 g/t gold over 2.80 metres, and a second lower interval of 2.29 g/t gold over 7.10 metres.
 TW08-69 intersected 3.58 g/t gold over 6.60 metres including 8.33 g/t gold over 0.80 metres.
 Additional drilling being planned on near surface targets.
 15,000 metre diamond drilling program in progress with the former Hallnor Mine boundary as the primary target.

A 19-hole 3,325 metre shallow level diamond drilling program was recently completed on the Broulan Reef portion of the Whitney Township Property to test for near surface gold mineralization which could be extracted either by open pit mining methods or by utilizing the existing underground mine workings.

Eight holes (TW08-66 to 73) were drilled in the crown pillar, hanging wall and foot wall areas and immediately west of the former Broulan Reef Mine workings to explore for additional near surface flat vein zones outside areas where remaining historical, non compliant with National Instrument 43-101 resource blocks exist. These lower grade flat vein zones have historically had very erratic gold mineralization but were successfully bulk mined from underground with significantly higher grades being obtained than indicated by drilling. Seven of these eight holes had visible gold within the quartz-carbonate vein and stringer zones with encouraging intercepts coming from the crown pillar/foot wall area where the drilling expanded on the foot wall mineralization (0.046 opt gold over 68.4 feet including 0.104 opt gold over 20.5 feet) found in historical hole BR89-09. The best intercepts obtained from the current program are from hole TW08-67 which intersected 33.46 g/t gold over 5.40 metres, including 62.99 g/t gold over 2.80 metres, and a second lower interval of 2.29 g/t gold over 7.10 metres. TW08-69 intersected 3.58 g/t gold over 6.60 metres including 8.33 g/t gold over 0.80 metres, TW08-71 intersected 30.13 g/t gold over 0.90 metres, and TW08-73 intersected 49.37 g/t gold over 0.80 metres.

Four holes (TW08-62 to 65) were drilled east and west of the C Zone to explore for additional low grade, near surface gold mineralization. Significant gold values were obtained in several quartz veined zones with visible gold observed in three of the four holes. The best values obtained were 2.35 g/t gold over 7.30 metres, 5.60 g/t gold over 1.80 metres and 2.23 g/t gold over 4.40 metres.

Also as part of this program, several shallow holes were drilled on the northwestern Variolitic Hyaloclastite horizon. Seven holes (TW08-55 to 61) were drilled to test the Variolitic Hyaloclastite horizon, previous drill intercepts, various basal till gold anomalies and related geological targets in the northwestern portion of the Property. No significant results were obtained and the source of the basal till anomalies remains unexplained.

Commented Ian Campbell, President and CEO, “We are very encouraged by the results of this drilling program, particularly when they are considered with the near surface gold mineralization previously intersected by our drilling campaigns in 2005 and 2006 immediately west of the mine workings. As a result, additional drilling to further define and expand on these near surface mineralized zones is currently being done, while at the same time we have just begun a 15,000 metre deep diamond drilling program mainly targeting the former Hallnor Mine west boundary area. The presence of significant high grade historical drill intersections outside of the Lower Hallnor Mine workings are an indication of the excellent potential to build further resources on this very exciting property, and these include an extremely high grade interval grading 40.84 opt gold over 9.5 feet and also intersections such as 0.65 opt gold over 15 feet.”

The Whitney Township Property is owned by Porcupine Gold Mines (a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.). Temex has the option to earn a 60% interest in the entire Broulan Reef portion of the Property and below the 1,000 foot level on the contiguous Hallnor Mine Property by making expenditures of $4.0 million over 4 years. As of May 26, 2008, Temex has completed $2.0 million of exploration expenditures as required prior to the third anniversary of the Agreement. The Whitney Township Property is a significant asset to Temex and management believes there is excellent potential to identify mineral resources in and around the former high grade mining operations.

Henry Hutteri, P. Geo., 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. For further information, contact Ian Campbell or Bruce Durham at 416-862-2246 or visit www.temexcorp.com. Investors are invited to 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*

Please find the results under the following link: http://www.irw-press.com/dokumente/Temex-14-07-08TEMEXENG.pdf

QA/QC Procedures: Temex has implemented the following quality assurance/quality control (QA/QC) procedures for the Whitney Township Property drill program:

NQ-diameter drill core was logged and then sawed in half, with one side bagged and labelled; the remaining half was placed in core boxes for a permanent record and is stored at a secure facility in Timmins. Core sample size varied from 0.5 to 1.5 metres. All samples were transported to Swastika Laboratories Ltd. in Swastika, Ontario for crushing, pulverization and analysis. Core samples are crushed in a Denver jaw crusher and passed through a Marcy rolls. A 350 gram sample is split off, pulverized and homogenized. The homogenized sample is analyzed by Atomic Absorption on a 55B Spectra machine. Any samples returning over 5 grams per tonne are weighed on a Cahn 55 balance.