Tirex Resources Project Update

Tirex Resources Ltd. (TSX VENTURE:TXX) - 



--  assay results from South Gurthi No. 2 expand copper and gold rich
    deposit area 
--  bulk sampling of multiple deposit areas for Mineralogical and
    Metallurgical testing underway 
--  technical team assessing underground workings at deposits targeted for
    initial production 



Tirex Resources is pleased to provide an update on progress at its Mirdita VMS
project located in Albania. Tirex plans to commence near term copper and gold
production at Mirdita in addition to continuing intense district-scale
exploration targeting discovery. 


Deposit Assessment

Under a recently signed MOU, Tirex and a private Turkish company are forming a
joint operating company for production purposes. The Turkish company will
provide the funding and mine operating team to the operations and Tirex will
contribute 6 of the company's 17 known historical deposit areas in the Mirdita
District (see Tirex News Release 2011-03-23 for production related details).
Members of the Tirex technical team have recently been underground at various
deposits within the Mirdita District, evaluating the quality of adits, portals
and underground workings for production planning purposes. The team is sampling
these deposit areas to assess the viability of zinc production in addition to
the initial gold and copper production profile that is now targeted. 


Current onsite assessment work is taking place at Fushe Arres, Tuc, and Qaf
Bari. While Tirex has not drilled these areas, the deposits are of significant
interest due to past historical work and the existence of underground mine
workings. According to early 1970's resource estimates by the Albanian
Geological Survey ("AGS"), the deposits at Fushe Arres totals 1,115,600 tons of
1.04% Cu, within which is a 267,000 tons zone near surface of 2.77% Cu, Qaf Bari
totals 445,700 tons of 2.07% Cu and Tuc totals 2,072,000 tons of 1.537% Cu. It
is the belief of the Tirex technical team that all of these deposit areas have
room for significant expansion. Tirex plans to test various deposit expansion
opportunities by targeting favourable horizons by drilling from underground
drill locations. While the extent of gold, silver and zinc mineralization
(present in all of the historic areas drilled by Tirex to date) is unknown at
Fushe Arres, Qaf Bari and Tuc, these areas are highly prospective for precious
metal enrichment. 


The historical AGS calculations classify the deposit resources as a combination
of C1 & C2 categories based on the Russian resource reporting system and roughly
equivalent to the NI 43-101 inferred and indicated categories. However, these
historical resources are not compliant with National Instrument 43-101 and
should not be relied upon. Tirex is not treating the historical estimates as
current mineral resources or reserves but considers them important as a guide
for future work in the District. In addition to Fushe Arres, Tuc and Qaf Bari,
Tirex will also evaluate near term production potential at Koshaj, South Gurthi
No. 1 and No. 2 and Letitna. 


South Gurthi No. 2 Deposit Area

Tirex Resources is pleased to report that drill results from South Gurthi No. 2
in the Mirdita District have expanded the deposit which remains open to the
south and to the southwest. Assays have been received from a total of six holes.
The holes were drilled ranging in depth from 176 to 215 metre. Thirteen holes
had previously been drilled by Tirex Resources, with multiple long intercepts of
high grade copper, gold and silver reported. Three of the six holes were
vertical while the other three holes were angled at -77 to -82 degrees to the
east. Results are listed below and a drill hole location map can be found at
www.tirexresources.com. 


Assays



Hole No.     Interval (m)   Intersection (m) Cu (%) Zn (%) Ag (g/t) Au (g/t)
----------------------------------------------------------------------------
MR10-66         no significant results                                      
MR10-67    103.28-132.50               2.22   3.58   1.81    12.74     1.34 
Including  130.28-130.93               0.65  11.55   6.18    42.20     4.33 
MR10-68         no significant results                                      
MR10-69    102.28-106.28               4.00   2.12   0.03     1.00     0.92 
MR10-70    119.07-119.75               0.63   1.57   0.86    14.90     0.96 



Metallurgical Work

Metallurgical samples continue to be collected from Tirex deposits located
within the Mirdita Mining District. The samples will form the basis for ongoing
Mineralogical and Metallurgical work as Tirex continues to advance towards near
term production. 


Exploration

In addition to the current focus on fast tracking Tirex into copper and gold
production in a non-dilutive and cost effective manner, Tirex has been refining
exploration targets in preparation for exploration drilling. A focus of
exploration in 2011 will be the Qaf Bari South area. Geological mapping and rock
sampling has identified potential lithological and lithogeochemical targets for
precious metal-rich volcanogenic massive sulphide mineralization. As well,
ground IP geophysics has identified a significant chargeability anomaly to the
north of the producing Munelle Mine deposit. Three holes drilled during the 2010
drilling campaign were angled at varying orientations and dips on 3 sections
over a strike length of approximately 1.35 kilometers. Results of the 2010
drilling confirm the presence of base metal and precious metal mineralization
within wide envelopes of strong hydrothermal alteration in the Qaf Bari South
Area (see Tirex News Release dated 2011-01-10). These 2010 drill holes will be
followed up with additional drill testing and the use of borehole
electromagnetic geophysics to further vector in on target areas.


John Nicholson, P.Geo., Mirdita Project Manager 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 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. Such statements
include but are not limited to statements about the MOU, the production
arrangement and the intention to conclude a definitive agreement. Often
forward-looking statements or information include words such as "plans",
expects", "intends", "anticipates", "estimates" "forecasts", or variations of
such words and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or will be taken occur or be achieved. Although
forward-looking statements and information contained in this release are based
on the beliefs of Tirex management, which we consider to be reasonable, as well
as assumptions made by and information currently available to Tirex management,
there is no assurance that the forward-looking statement or information will
prove to be accurate. The assumptions made include assumptions about Tirex's
ability to move forward with the MOU and the production arrangement and conclude
a definitive agreement. The forward-looking statements and information contained
in this release are subject to current risks, uncertainties and assumptions
related to certain factors including, without limitations, the risks related to
negotiating and concluding a definitive agreement and obtaining all necessary
approvals, 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 as well as risks, uncertainties and other factors discussed in our
quarterly and annual management's discussion and analysis. 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 and information may vary materially from those described herein.
Accordingly, readers should not place undue reliance on forward-looking
statements and information contained in this release. We undertake no obligation
to update forward-looking statements or information except as required by law.
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