🕐21.12.11 - 15:27 Uhr

TEMEX PROVIDES CORPORATE UPDATE



======================================================================= Re: News Releases - Wednesday, December 21, 2011 Temex Provides Corporate Update ======================================================================= News Release NR21-2011 December 21, 2011 (TORONTO, ONTARIO): Temex Resources Corp.

(TSX-V: TME, FWB: TQ1) ("Temex" or "the Company") is pleased to announce the appointment of Ms.

Karen Rees, P.Geo.

as Vice President, Exploration effective immediately.

Ms.

Rees, with Temex since 2003 in the position of General Manager, will be responsible for the planning, management and implementation of all of the Companys exploration programs and development initiatives.

"Karen has the expertise and management skills that will prove to be very valuable as Temex transitions to an advanced exploration company through the acceleration and expansion of our gold and silver exploration projects in northeastern Ontario," commented Ian Campbell, President and CEO.

"Karen significantly strengthens our senior executive team, has been instrumental in Temexs precious metals portfolio and Corporate growth to date, and we are very pleased to have her lead our exploration group at this exciting time.

Ms.

Rees also possesses superior communication, governance, budgeting and corporate skills essential to all public companies." A graduate of the University of Saskatchewan (B.Sc.

Honours, 1984), Ms. Rees has 25 years of mineral exploration experience working in a wide range of capacities including senior project manager, exploration manager, and project geologist for several publicly listed companies.

Karen began her career in 1987 exploring for gold in the Red Lake mining camp for Noramco Exploration, followed by gold and base metal exploration in northern Manitoba and northern Saskatchewan for Noranda Exploration.

Prior to joining Temex Ms.

Rees was General Manager, Exploration of Avalon Ventures Ltd.

which explored precious and rare metals projects in northwestern Ontario. Ms.

Rees is a member of the Association of Professional Geoscientists of Ontario (2002), is an active member of the PDAC and serves on its Human Resources Development Committee. The position of Vice President, Exploration for Temex Resources Corp. was previously held by Mr.

Jari Paakki.

Temex Treasury and Exploration Plans Temex is well-financed with over $6.0 million in its treasury with no debt.

The Companys outlook for 2012 is very exciting and may prove to be the most rewarding in the Companys history.

Our focus is on creating value at our precious metals projects in northeastern Ontario. The Board of Directors of Temex has approved a $3.0 million exploration budget for November 2011 to June 2012.

The following activities are planned: Grant of Stock Options The Company announces that it has granted an aggregate of 2,675,000 options under the stock option plan to consultants, an employee and directors of the Company.

Each such option may be exercised by the holder to purchase one common share of the Company at a price of $0.20 per share for a period of 5 years from the date of grant. Ian Campbell, P.

Geo., President and CEO of the Company, is the designated "qualified person" (within the meaning of National Instrument 43-101) 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 northeastern Ontario, a world class mining district.

Temex is exploring its Timmins Whitney Property, in partnership with Goldcorp, and is expanding its NI 43-101 gold resource at the Juby Gold Project (Note 1) with an updated resource estimate planned for early 2012.

The Juby Main Zone has a resource of 14.1 million tonnes at a grade of 1.36 g/t gold for 614,000 ounces of gold in the Indicated category and 18.3 million tonnes at a grade of 1.14 g/t gold for 602,000 ounces of gold in the Inferred category, both at a cut-off grade of 0.50 g/t gold.

Temex also has a NI 43-101 compliant resource for tailings material on its Gowganda Silver Project (Note 2). The tailings piles contain a resource of 1.94 million tonnes grading 47.5 g/t silver for a contained resource of 2.96 million ounces of silver in the Indicated category. Notes: Forward Looking Statements: This news release includes certain "forward-looking statements".

Such forward-looking statements involve risks and uncertainties.

The results or events predicted in these forward-looking statements may differ materially from actual results or events.

The Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
For more information please visit www.temexcorp.com or email: or phone: 416-862-2246 toll free: 866-373-6287 ======================================================================= Copyright (c) 2011 TEMEX RESOURCES CORP (TME) All rights reserved.

For more information visit our website at http://www.temexcorp.com/ or send mailto: Message sent on Wed Dec 21, 2011 at 6:11:48 AM Pacific Time =======================================================================



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