Temex intersects high grade gold: 271 g/t gold extension of lower Hallnor vein systems confirmed

Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex" or the "Company") announces that initial drilling has intersected high grade gold mineralization from the deep drill program on the Whitney Township Property (the "Property") located within the 65 million ounce Timmins Gold Camp. The property occurs within a 4 kilometre, 10+ million ounce mine trend and includes the former Broulan Reef and Hallnor Mines, the latter of which was one of the highest grade gold mines in the Timmins camp with historic production totalling more than 1.65 million ounces of gold at an average grade of 0.40 opt (13.71 g/t). The current 15,000 metre drill campaign is targeting extensions of past producing high grade gold veins at depth on the Hallnor Mine Block where production ceased due to formerly existing property boundaries.

Deep Lower Hallnor Drill Program

A 1,686 metre deep pilot hole (TW08-77) and two wedge holes TW08-77W1 and TW08-77W2 have been drilled to date as part of the 15,000 metre deep diamond drill program, immediately west of the former Hallnor Mine property boundary, where previous mining was terminated due to non-ownership of the adjacent mining claims. The extensions of the main Lower Hallnor 11 and 19 vein systems, which have historical production of 450,000 tons at 0.30 ounces of gold per ton and 650,000 tons at 0.42 ounces of gold per ton respectively, have been intersected and have returned high grade gold mineralization. The drill program involves the drilling of pilot holes from which several holes will be drilled to test for extensions of the various vein systems. The drill program design is guided by the Company's 3D modelling of the Lower Hallnor Mine high grade veins and former workings.

Significant assay results obtained from pilot hole TW08-77 include 21.10 g/t over 6.55 metres including 270.62 g/t gold over 0.50 metres, 4.52 g/t gold over 1.00 metre, 3.40 g/t gold over 0.80 metres and 30.73 g/t gold over 0.95 metres from the 19 vein system, and 3.47 g/t gold over 1.00 metre and 1.53 g/t gold over 4.10 metres (including visible gold) from the 11 vein system. Assay results from the wedge holes are pending and drilling will continue for the next six months. The Company is pleased that the first deep surface drilling ever completed on the Hallnor Mine portion of the property is a strong, technical success setting the stage for a significant amount of follow-up drilling.

Commented Ian Campbell, President and CEO, "We are very excited about the initial pilot hole as the high grade gold, associated quartz veining, alteration and mineralization we intersected demonstrates that the Lower Hallnor 11 and 19 vein systems extend beyond where previous mining terminated in the early 1970's due to non-ownership. The drill intersections of the 11 and 19 vein systems 75 and 65 metres west and down-plunge respectively opens up excellent potential to establish high grade resources. It also gives us a high level of confidence in our 3D modelling of these veins and elsewhere at depth where we have modelled exploratory drilling done by other operators since mine closure who reported several multi-ounce intersections in other areas. The Project is one or our core assets and we believe based on our early success that there is excellent potential to identify and discover significant mineral resources in and around the former high grade mining operations."

Significant alteration, quartz veined zones, sulfides, widespread gold mineralization with several occurrences of visible gold have been intersected in drill core. Lower Hallnor high grade productive stopes were characterized by a low percentage of "ore grade" drill intersections, given the strong nugget gold distribution within the vein systems.

The Whitney Township Property is owned by Porcupine Gold Mines ("PGM", 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 1000 foot level on the contiguous Hallnor Mine Property by making expenditures of $4 million over 4 years. The Company expects to complete the expenditure commitment in May 2009.

Please visit this link for the "Beyond the Press Release" interview with Ian Campbell, President and CEO of Temex: www.smallcapepicenter.com/beyondthepressrelease/TME17November2008/player.html

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, nickel, diamond, and uranium projects in Ontario. Interested parties 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 parties. Questions, correspondence and requests for names to be added to the e-mail list to receive all future press releases and updates in real time can be emailed to This email address is being protected from spambots. You need JavaScript enabled to view it..

Temex has implemented a quality control (QA/QC) program which includes the use of standards and blanks for the Whitney Township Property. Samples of split NQ core were transported by Company personnel to Swastika Laboratories in Swastika, Ontario in sealed bags. The remaining half of the core was kept as a permanent record and stored at a secure facility in Timmins. The core was analyzed by a 30 gram standard fire assay. Pulp metallic assaying was performed on the larger veins.

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SOURCE: Temex Resources Corp.

Ian Campbell, President and CEO or Bruce Durham, Executive Chairman at (416) 862-2246 or visit www.temexcorp.com