SILVER RESOURCE: Gowganda tailings estimate nears 3-M contained oz

ONTARIO - Temex Resources of Toronto says the recent 43-101 report for tailings material at the Gowganda silver project estimates between 3.0 million and 2.8 million contained oz of silver. Using a silver cutoff grade of 10.0 g/t, there are 1.9 million tonnes of material grading 47.5 g/t Ag in the indicated category.

The tailings were generated from the Miller Lake O'Brien silver mine, Ontario's largest past-producing Cobalt-style silver mine outside of Cobalt, according to Temex. The mine had historical production of 40.7 million oz of silver at an average grade of 754.2 g/t between 1910 and 1972. It was recognized in the early 1980s that the tailings contained silver grades that were potentially recoverable.

Temex holds a 100% interest in the property located 3 km northeast of Gowganda. Visit the website at www.TemexCorp.com for details of the Gowganda project.