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Temex Resources Corp.: New High Grade Gold Target Identified

TORONTO, ONTARIO - March 23, 2009: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex") announces that a second drill program will begin immediately to test a significant new target recently identified in the Upper Hallnor area of the Mine block on the Whitney Township Property (the "Property"). This new target became evident through ongoing evaluation of the historical drill results in combination with current drilling, and is defined by a surface drill hole drilled near the end of the previous operator's tenure. The drill hole encountered a broad zone containing multiple zones of quartz veining, sulphides and gold mineralization over a 182.10 metre core interval, including eight separate occurrences of visible gold within favourable host rocks. No follow-up was ever carried out to test the extent of the mineralization.

Individual gold intersections reported include 18.31 g/t gold over 1.07 metres, 4.80 g/t gold over 1.22 metres, 7.27 g/t gold over 0.60 metres, 11.52 g/t gold over 0.92 metres, 5.28 g/t gold over 0.61 metres, 14.74 g/t gold over 0.91 metres, 7.81 g/t gold over 1.83 metres including 17.52 g/t gold over 0.61 metres and 16.83 g/t gold over 0.98 metres, the last being the last sample interval very near the bottom of the hole and containing visible gold.

In this drill hole, the favourable "quartzite" host rocks are situated in an under-explored area, approximately 150 metres southeast of the historic mine gap area between the Upper and Lower Hallnor vein systems. These favourable host rocks also lie between the regionally extensive and structurally significant Timiskaming Unconformity and Destor-Porcupine Fault Zone. Computer 3D modelling indicates that this gold mineralization may be the down dip, down plunge extension of the several steep, southeast-dipping Upper Hallnor high grade gold bearing structures. These structures were previously thought to have terminated in less favourable sedimentary host rocks but re-interpretation suggests that they continue into the favourable quartzite horizon.

Commented Ian Campbell, President and CEO, "We are very excited about this new target and its exploration potential given that it occurs in a largely unexplored area in close proximity to the mine workings of the Upper Hallnor, a former high grade gold producer."

Deep Drilling Program

Drilling is continuing to intersect high grade gold values on the Hallnor deep targets with all holes drilled to date having intersected visible gold. The program is testing for the down dip, down plunge extensions of the lower Hallnor vein systems, specifically the 11 and 19 vein systems. These two main high grade vein systems were mined up to a former property boundary and produced 450,000 tons grading 0.30 opt (10.29 g/t) gold and 650,000 tons grading 0.42 opt (14.40 g/t) gold. Drilling to date has successfully defined the extensions of both structures. Additional assay results will be released as they become available.

The Property is located in the heart of the Timmins Gold Camp, in the centre of a 4 kilometre, 10+ million ounce gold mine trend and includes the former Hallnor Mine, one of the highest grade gold mines in the Camp with historic production totalling 1.65 million ounces of gold at an average grade of 0.40 opt (13.71 g/t) gold. The Property is owned by Porcupine Gold Mines (“PGM”, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) and Temex has the option to earn a 60% interest.

Henry Hutteri, 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 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.

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*




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