Tirex Resources Ltd. is conducting the first ever large-scale and modern exploration of the Mirdita Copper-Zinc-Gold VMS District located in northern Albania. Tirex has raised $40 million for this project from institutional investors throughout North America and Europe and from the European Bank for Reconstruction and Development (EBRD). Tirex flew the first ever airborne geophysical survey in Albania’s history and since completing that survey has conducted ongoing exploration work utilizing the best available exploration technology in the world, employed by the industry’s top geologists and geophysicists who specialize in this type of mineralization. Tirex has recently announced that it is transitioning from exploration into full scale commercial mining production of copper and gold. Tirex operates to the highest international standards in terms of environment, safety and community.

Mirdita Project

The opportunity that Tirex has at Mirdita is unique because of the company's first-mover status in this geologically rich country. By being early to the economic emergence of Albania, Tirex was able to acquire a potentially world-class Mineral District at a time when companies in other countries are simply looking for good individual projects. It is belief of the expert Tirex exploration and development team that Mirdita has the potential to become one of the world's great VMS Districts with multiple large economic deposits. It's not very often that an opportunity to acquire a District comes along and Tirex is working to turn this good fortune into a significant win for both shareholders and for the people of Albania who want a large and prosperous mining industry to fuel economic growth and advancement.

For many years, Albania was shut off from the rest of the world in many ways. One of the consequences of this is that while the rest of the world was gaining immense knowledge about VMS deposits and developing new exploration techniques over the past 40 years, Albanian geologists were shut out of much of these advances. Furthermore, by government decree, exploration and mining done in this important district focused only on copper and was conducted by state-run Soviet, Chinese and Albanian organizations. Zinc was not mined despite high grades due to a lack of processing facilities and the focus of exploration was narrow.

The Tirex technical team, recognizing the potential for a world-class VMS District, acquired the bulk of the mineral rights within this district and proceeded with exploration based on new geological interpretations and modern techniques. The Mirdita Project consists of numerous old mines, mineral prospects and exploration targets already identified on the property through data compilation work as well as a whole host of highly prospective new targets generated by the recently completed airborne geophysical survey.

Tirex's Mirdita Project covers an area of approximately 344 km2 and is located approximately 70 km northeast of Albania's capital city, Tirana and 85km northeast of the port city of Durres on the Adriatic Sea . Access to the property is excellent and infrastructure on or near the property includes electric power and good water supplies.

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R. Stuart (Tookie) Angus, LL.B
Position: Chairman of the Board of Directors

Bryan Slusarchuk
Position: Chief Executive Officer

Fred Tejada, P.Geo.
Position: Vice President of Operations and Exploration

George Gorzynski, P. Eng
Position: Director
     
Frederick J. Sveinson, P.Eng.
Position: Director
 
John G. Booth, LLM
Position: Director

Jeffrey T. Griffin
Position: Director    

Jonathan Richards
Position: Chief Financial Officer
 
Shoni Bernard, LL.B
Position: Corporate Secretary

Prof. Perparim Alikaj, Ph.D
Position: Albanian Advisory Team
     
Erton Kaleshi
Position: Albanian Advisory Team