Temex Extends Mineralization at the Juby Gold Project in Northeastern Ontario and Provides Corporate Update

Temex Extends Mineralization at the Juby Gold Project in Northeastern Ontario 
and Provides Corporate Update 
TORONTO, March 26, 2013 /CNW/ - Temex Resources Corp. (TSXV: TME), (FWB: TQ1) 
("Temex" or "the Company") provides updates on the Company's Juby and Whitney 
Gold Projects located in the Timmins - Kirkland Lake mining camps in 
northeastern Ontario, and on Corporate activities. 
Highlights 


    --  Juby Gold Project, located 45 kilometres from AuRico Gold's
        Young-Davidson Mine: Diamond drilling results continue to
        extend the Juby Main Zone gold mineralization westward onto the
        Golden Lake Property.  The new drill results (summarized in the
        following section and detailed in the appended table) will be
        incorporated into an updated gold resource estimation expected
        in the second quarter. The current NI 43-101 resource is
        defined along a 2.5 kilometre long strike length; the new
        drilling will extend the resource by a full kilometre,
        resulting in a 3.5 kilometre long strike length of the Juby
        Main Zone, which remains open both along strike and at depth. 
        A highlight of new drill results to be added to the updated
        resource is hole TW12-10 which intersected 1.00 g/t gold over
        166.98 metres including 2.13 g/t gold over 47.69 metres (news
        release January 15, 2013).
        The Company is actively preparing for exploration activities
        for the upcoming field season on the claims acquired in
        November 2012 as part of an important land consolidation.  The
        consolidation resulted in a 10-fold increase in the land
        position under Temex control and significantly, a key component
        is a 10-kilometre long strike length of the Tyrrell Structural
        Zone along which the Juby Main Zone gold deposit and other gold
        occurrences are located.
    --  Whitney Gold Project, located in the center of the Timmins
        Mining Camp: Diamond drilling is on-going at the Whitney Gold
        Project. The current program is targeting potential additional
        high grade gold resources in the Upper Hallnor and Bonetal
        areas and the expansion of current in-pit gold resources, as
        well as follow-up drilling of the significant gold discovery in
        drill hole TW12-238 which intersected 7.33 g/t gold over 5.75
        metres including 60.40 g/t gold over 0.50 metres and 27.50 g/t
        gold over 0.35 metres (news release February 12, 2013).
        The 2013 drill program is predominantly designed to further
        identify near surface, high grade gold resource targets
        suitable for near-term start-up production opportunities but in
        some areas the drilling is designed to upgrade inferred
        resources to the indicated category.  In addition, engineering
        studies on open pit and underground mining scenarios have been
        initiated.
    --  Corporate Update: The Company further strengthened its Board of
        Directors recently with the appointment of Mr. René Marion to
        the Board of Directors.  Mr. Marion brings more than 25 years
        of development experience and will Chair a new
        Strategic/Technical Advisory Committee which will report to the
        Board of Directors.
        Temex is financed with over $7M cash in the treasury.
        Analyst coverage was initiated by Stifel Nicolaus Canada Inc.
        (October 2012) and M Partners (March 2013).
        Aggressive marketing campaign planned for the coming months
        throughout Canada, the United States and Europe.

"We are fully financed to execute on our aggressive 2013 exploration program 
which is focused on our two advanced gold projects, Juby and Whitney, both of 
which are located in the prolific Timmins - Kirkland Lake gold mining 
district," stated Ian Campbell, President and CEO of Temex. "The Company 
continues to strengthen its technical, development, and operational 
capabilities as it prepares to transition from an exploration to a development 
company."

Juby Gold Project

The Company announces results from the drill program on the Juby Gold Project 
(100% Temex) located near Matachewan, Ontario, 45 kilometres from AuRico 
Gold's Young-Davidson Mine. The drill campaign began in late November 2012 as 
part of the expansion of the Juby Main Zone National Instrument 43-101 ("NI 
43-101") gold resource. Including holes drilled in spring 2012, a total of 37 
drill holes for approximately 13,000 metres will be added into the updated 
resource estimate.

The results summarized below and detailed in the appended table are from drill 
holes which tested the area between the western limits of the current Juby 
Main Zone NI 43-101 resource (news releases January 16 and February 28, 2012) 
and previously reported holes drilled on the Golden Lake Property (news 
releases July 23, 2012 and January 15, 2013) where the mineralized zone is 
substantially wider and open to the west. All holes drilled during the 
campaign successfully intersected gold mineralization typical of the Juby Main 
Zone ("JMZ") over wide widths. Excellent continuity of the gold 
mineralization has been demonstrated and the results are consistent with 
expectations.

Juby Drill Results Highlights (see appended table for detailed intervals)
    --  GL12-15: 0.90 g/t gold over 55.00 metres including 1.54 g/t
        gold over 15.00 metres
    --  GL12-17: 0.95 g/t gold over 50.00 metres including 1.35 g/t
        gold over 11.69 metres
    --  GL12-19: 0.92 g/t gold over 35.60 metres and 1.32 g/t gold over
        9.40 metres
    --  GL12-20: 1.07 g/t gold over 36.00 metres including 1.56 g/t
        gold over 20.00 metres
    --  GL12-21: 1.15 g/t gold over 16.66 metres

The upcoming 2013 field season focuses on evaluating the newly acquired ground 
to the west (news releases November 15 and November 23, 2012), and the 
numerous gold occurrences including Hydro Creek and Big Dome, which are 
directly along strike from the Juby Main Zone resource. Additional drilling 
will be done in conjunction with the field evaluation of the Hydro Creek and 
Big Dome higher grade occurrences.

The NI 43-101 gold resource estimate on the Juby Main Zone (news releases 
January 16 and February 28, 2012) is summarized below.

Juby Main Zone Summary NI 43-101 Resource Estimate (using a cut-off grade of 
0.40 g/t gold)
    --  22.3 million tonnes at a grade of 1.30 g/t gold for 934,645
        ounces of gold, Indicated
    --  28.2 million tonnes at a grade of 1.00 g/t gold for 905,621
        ounces of gold, Inferred

Whitney Gold Project Work Program and Outlook

Diamond drilling has resumed on the project with the intent to further define 
near surface, high grade targets suitable for early start-up production 
opportunities and, in some areas, upgrading Inferred resources to the 
Indicated category. The overall start-up production objective will be to 
meet higher grade, lower tonnage, low capital, and low operating cost criteria 
to generate cash flow as a first phase to life of mine plan production. 
Additional targets are anticipated as work continues on the Bonetal Mine, the 
C Zone and the Broulan Reef Mine and these will be incorporated into future 
resource estimates. In addition, the Company is conducting engineering 
studies on open pit and underground mining scenarios.

The NI 43-101 gold resource estimate on the Upper Hallnor (news releases 
September 5 and October 23, 2012) is summarized below; shown on a 100% basis.

Upper Hallnor Summary NI 43-101 Resource Estimate (using a cut-off grade of 
0.30 g/t gold)
    --  3.0 million tonnes at a grade of 2.44 g/t gold for 234,300
        ounces of gold, Measured
    --  8.8 million tonnes at a grade of 1.97 g/t gold for 555,900
        ounces of gold, Indicated
    --  4.1 million tonnes at a grade of 1.82 g/t gold for 241,000
        ounces of gold, Inferred

The Property is held under a joint venture under which Temex owns 60%, and 
Goldcorp Canada Ltd. owns 40% ("Goldcorp") (as manager, and on behalf, of the 
Porcupine Gold Mines Joint Venture (a joint venture between Goldcorp Inc. and 
Goldcorp)); Temex is the operator of the joint venture.

Corporate Update

On March 14, 2013 the Company announced the appointment of Mr. René Marion, 
P.Eng. to the Board of Directors. Mr. Marion adds substantial depth in many 
areas of mining and corporate development. He was most recently President, 
CEO and Director of AuRico Gold Inc. ("AuRico") from 2007 to 2012. Over that 
period, he built AuRico into one of the "Top 40 Mining Companies" (Canadian 
Mining Journal, August 2012) which included the acquisition and development of 
AuRico's flagship Young-Davidson Mine, located 45 kilometres northeast of the 
Juby Gold Project. Prior to AuRico, he spent over 14 years in senior positions 
with Barrick.

Of particular significance is Mr. Marion's experience and ability to guide 
advanced exploration projects, and he will play an integral role alongside the 
Board and Management in advancing the Whitney Gold Project, in particular, 
within an aggressive time frame. Mr. Marion and Chairman Greg Gibson bring a 
combined 50 years of mineral exploration and mine development experience and a 
successful history of corporate development.

The non-brokered private placement (the "Private Placement"), previously 
announced on March 15, 2013, closed on March 25, 2013, pursuant to which 
365,000 common shares of the Company (each, a "Share") were sold, at a price 
of $0.18 per Share, for gross proceeds of $65,700. The proceeds will be used 
for working capital purposes. The Shares issued are subject to a hold period 
expiring on July 26, 2013.

All of the Shares issued under the Private Placement were issued to an Insider 
of the Company. The subscription by the Insider constitutes a "related party 
transaction" pursuant to Multilateral Instrument 61-101, which is exempt from 
the minority approval and valuation requirements under such Instrument.

In early March, M Partners launched analyst coverage in a report by Ingrid 
Rico, following a site visit, adding to analyst coverage initiated by Craig 
Stanley of Stifel Nicolaus Canada Inc. in October, 2012. The Company has an 
aggressive marketing campaign planned for the coming months throughout Canada, 
the United States and Europe, the objective of which will be to introduce the 
Company to many potential new investors. The Company is financed with over 
$7M in the treasury.

Ian Campbell, P.Geo., President and CEO and Karen Rees, P.Geo., Vice 
President, Exploration of Temex Resources Corp., are the designated qualified 
persons 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 the world class mining district of northeastern 
Ontario. Temex (60% interest) is advancing the Timmins Whitney Gold Project, 
in partnership with Goldcorp (40% joint venture interest; no back-in rights), 
and exploring the Juby Gold Project (100% Temex).

The Whitney Property has open pit and underground NI 43-101 compliant 
resources on the Upper Hallnor of 3.0 million tonnes at a grade of 2.44 g/t 
gold for 234,300 ounces of gold in the Measured category plus 8.8 million 
tonnes at a grade of 1.97 g/t gold for 555,900 ounces of gold in the Indicated 
category and 4.1 million tonnes at a grade of 1.82 g/t gold for 241,000 ounces 
of gold in the Inferred category at a cut-off grade of 0.30 g/t gold for open 
pit and 2.0 g/t for underground (Note 1).

The Juby Main Zone has NI 43-101 compliant resources of 22.3 million tonnes at 
a grade of 1.30 g/t gold for 934,645 ounces of gold in the Indicated category 
and 28.2 million tonnes at a grade of 1.00 g/t gold for 905,621 ounces of gold 
in the Inferred category, both at a cut-off grade of 0.40 g/t gold (Note 2).

Notes:

  1. Information regarding the mineral resource estimate on the Upper
     Hallnor is in the Company's news release dated September 5, 2012
     and the technical report filed on SEDAR October 19, 2012.  The
     Mineral Resource Statement was prepared for Temex by P&E Mining
     Consultants Inc. of Brampton, Ontario in accordance with NI 43-101
     by Richard Sutcliffe, PhD, P.Geo., Eugene Puritch, P.Eng., David
     Burga, P.Geo., Yungang Wu, P.Geo., Tracy Armstrong, P.Geo., and
     Antoine Yassa, P.Geo., "independent qualified persons" as defined


 by NI 43-101.
  2. Information regarding the mineral resource estimate on the Juby 


     Main Zone is in the Company's news release dated January 16, 2012
     and the technical report filed on SEDAR February 28, 2012.  The
     Mineral Resource Statement was prepared for Temex by GeoVector
     Management Inc., Ottawa, Ontario in accordance with NI 43-101 by
     Joe Campbell, BSc, P.Geo., Alan Sexton, MSc, P.Geol., and Allan
     Armitage, PhD, P.Geol., "independent qualified persons" as defined
     by NI 43-101.

Forward-Looking Information:

This news release contains forward-looking information which is not comprised 
of historical facts. Forward-looking information involves risks, uncertainties 
and other factors that could cause actual events, results, performance, 
prospects and opportunities to differ materially from those expressed or 
implied by such forward-looking information. Forward-looking information in 
this news release includes, but is not limited to, mineral resource estimates, 
the expected use of the proceeds from the Private Placement, the potential 
transformation of the Company and the development of its projects as well as 
the timing related thereto. Factors that could cause actual results to differ 
materially from such forward-looking information include, but are not limited 
to, general business and economic uncertainties, future mineral prices, 
uncertainties in mineral resource estimates and adverse market conditions, as 
well as those risks set out in the Company's public documents filed on SEDAR. 
Although the Company believes that the assumptions and factors used in 
preparing the forward-looking information in this news release are reasonable, 
undue reliance should not be placed on such information, which only applies as 
of the date of this news release, and no assurance can be given that such 
events will occur in the disclosed time frames or at all. The Company 
disclaims any intention or obligation to update or revise any forward-looking 
information, whether as a result of new information, future events or 
otherwise, other than as required by law.

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.

Table 1. Significant results from drill holes reported in this release

 __________________________________________________
|   Hole  |From (m)|To (m)|Core Length (m)|Au (g/t)|
|_________|________|______|_______________|________|
| GL12-15 |  255.49|335.67|          80.18|    0.66|
|_________|________|______|_______________|________|
|Including|  265.53|320.53|          55.00|    0.90|
|_________|________|______|_______________|________|
|Including|  270.74|281.00|          10.26|    1.05|
|_________|________|______|_______________|________|
|    And  |  290.00|320.00|          30.00|    1.10|
|_________|________|______|_______________|________|
|Including|  305.00|320.00|          15.00|    1.54|
|_________|________|______|_______________|________|
|Including|  314.00|315.00|           1.00|    9.09|
|_________|________|______|_______________|________|
|         |        |      |               |        |
|_________|________|______|_______________|________|
| GL12-16 |  109.84|119.00|           9.16|    0.57|
|_________|________|______|_______________|________|
|         |  143.42|148.11|           4.69|    2.30|
|_________|________|______|_______________|________|
|Including|  144.38|145.36|           0.98|    6.03|
|_________|________|______|_______________|________|
|         |        |      |               |        |
|_________|________|______|_______________|________|
| GL12-17 |  142.00|143.00|           1.00|    3.43|
|_________|________|______|_______________|________|
|         |  315.00|365.00|          50.00|    0.95|
|_________|________|______|_______________|________|
|Including|  317.40|327.00|           9.60|    1.57|
|_________|________|______|_______________|________|
|    And  |  334.00|338.00|           4.00|    1.22|
|_________|________|______|_______________|________|
|    And  |  352.31|364.00|          11.69|    1.35|
|_________|________|______|_______________|________|
|Including|  356.32|357.00|           0.68|    6.81|
|_________|________|______|_______________|________|
|         |        |      |               |        |
|_________|________|______|_______________|________|
| GL12-18 |  186.00|203.00|          17.00|    0.54|
|_________|________|______|_______________|________|
|         |  216.28|231.03|          14.75|    0.68|
|_________|________|______|_______________|________|
|Including|  226.56|231.03|           4.47|    1.23|
|_________|________|______|_______________|________|
|         |        |      |               |        |
|_________|________|______|_______________|________|
| GL12-19 |  251.00|286.60|          35.60|    0.92|
|_________|________|______|_______________|________|
|Including|  251.00|259.00|           8.00|    1.12|
|_________|________|______|_______________|________|
|    And  |  280.15|283.00|           2.85|    3.68|
|_________|________|______|_______________|________|
|         |  327.00|336.40|           9.40|    1.32|
|_________|________|______|_______________|________|
|Including|  335.05|336.40|           1.35|    4.68|
|_________|________|______|_______________|________|
|         |        |      |               |        |
|_________|________|______|_______________|________|
| GL12-20 |   33.00| 34.00|           1.00|    4.83|
|_________|________|______|_______________|________|
|         |  178.00|214.00|          36.00|    1.07|
|_________|________|______|_______________|________|
|Including|  194.00|214.00|          20.00|    1.56|
|_________|________|______|_______________|________|
|Including|  205.00|214.00|           9.00|    2.54|
|_________|________|______|_______________|________|
|Including|  206.00|207.00|           1.00|    7.32|
|_________|________|______|_______________|________|
|         |        |      |               |        |
|_________|________|______|_______________|________|
| GL12-21 |  126.00|173.18|          47.18|    0.64|
|_________|________|______|_______________|________|
|Including|  156.52|173.18|          16.66|    1.15|
|_________|________|______|_______________|________|
|Including|  160.70|164.30|           3.60|    2.96|
|_________|________|______|_______________|________|
|Including|  160.70|161.60|           0.90|    4.63|
|_________|________|______|_______________|________|
|         |        |      |               |        |
|_________|________|______|_______________|________|
|JU12-127 |   91.50|105.04|          13.54|    0.79|
|_________|________|______|_______________|________|
|Including|   97.00|103.44|           6.44|    1.08|
|_________|________|______|_______________|________|

Note: Temex implemented a quality control (QA/QC) program to ensure best 
practice in sampling and analysis. Drill core samples are cut at Temex 
facilities using a diamond saw with the samples transported by Temex personnel 
in securely sealed bags to a freighting company and from there directly to 
facilities operated by SGS Canada in Sudbury and Mississauga, Ontario for 
preparation and analysis. Core samples are analyzed for gold using fire 
assay on a 30 gram split with an ICP finish. Where initial results exceed 3 
g/t gold, a second assay is completed on another 30 gram split with a 
gravimetric finish. Intervals reported are core lengths. True widths are 
unknown at this time but are estimated to be 65 to 75% of the drilled width, 
depending on the angle of the drill hole.



For more information please visitwww.temexcorp.com or 
email:info@temexcorp.com or phone: 416-862-2246 toll free: 866-373-6287

SOURCE: Temex Resources Corp.

To view this news release in HTML formatting, please use the following URL: 
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CO: Temex Resources Corp.
ST: Ontario
NI: MNG PCS FIELD 

-0- Mar/26/2013 13:00 GMT


 
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