Temex and Nuinsco commence exploration on uranium project

    TSX Venture Exchange:TME, Frankfurt Exchange:TQ1

    TORONTO, Nov. 4 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") and partner Nuinsco Resources
Limited ("Nuinsco") (collectively "the Companies") announce that field work is
well underway on the Marijane Lake and Huston Lake Uranium Properties (the
"Claims"). The Claims are located in northwestern Ontario 80 km north of
Kenora and in eastern Manitoba 75 km east of Lac du Bonnet, and were acquired
by staking in spring 2007 to cover a large and locally intense airborne
radiometric anomaly detected on government surveys. Nuinsco has the option to
earn a 50% interest in the Claims by expending a total of $750,000 over a two
year period and by making cash payments and share issuances to Temex (news
release May 15, 2008). The current program budget of $500,000 is funded 100%
by Nuinsco; Temex is the operator.

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    Highlights

    -  2,705 line-km helicopter-borne radiometric and magnetic geophysical
       surveys completed in May 2008 detailed numerous high-quality anomalies
       ranging from 0.2 to 0.5 km in length.

    -  Yellow staining on samples collected during initial prospecting on a
       portion of the Claims in 2007 identified as the secondary uranium
       minerals, uranophane and boltwoodite; assay values from these samples
       ranged from 0.047% to 0.13% U(3)O(8); subsequent work identified the
       primary uranium-bearing minerals uranothorite and coffinite in host
       granitic rocks.

    -  Ground follow-up of airborne anomalies well underway and several other
       areas have been identified with similar yellow staining and/or high
       scintillometer counts.

    -  Diamond drilling of preliminary targets planned for December.
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    Prospecting and geological evaluation is well underway on the Claims. The
program is designed to follow up on numerous well-defined radiometric
anomalies identified by a 2,705 line-km helicopter-borne radiometric and
magnetic geophysical survey flown in May 2008 by Geo Data Solutions Inc.
("GDS"). The gamma radiation spectrometer survey collected total counts for
all radioactive sources as well as separate counts for uranium, potassium, and
thorium. The survey was flown at 100 metre line spacing to provide detailed
resolution over the Claims which cover several prominent equivalent uranium
radiometric anomalies apparent on regional government surveys (1977) flown at
800 metre line spacing or greater. The detailed survey provided greater
definition to focus the current prospecting program and identified new
hotspots ranging from 0.2 to 0.5 km long within regional anomalous trends up
to several km in length.
    The majority of the airborne anomalies are located within and around the
western margins of the 30 km by 10 km east-west trending Marijane Lake
Batholith, a pink to white, 2-mica (alaskite) granite similar in lithology to
that which hosts the large tonnage, low grade Rossing Uranium Mine in Namibia.
Individual target areas include Marijane Anomaly 137 from which reconnaissance
sampling in 2007 returned values ranging from 0.047% to 0.130% U(3)O(8) from
random grab samples. Mineralogical work, using a combination of X-ray
diffractometry and electron microprobe analysis, has confirmed the presence of
the secondary uranium minerals uranophane and boltwoodite, and has also
identified the primary uranium-bearing minerals uranothorite and coffinite in
the host granitic rocks. This anomaly is approximately 1 km in length and up
to 150 metres in width. Several other areas with similar yellow staining have
already been identified in the field during the current program.
    Prospecting on the RL anomalous trend, which is 4 km in length and up to
500 metres in width and with several hotspots up to 500 metres long and 100
metres in width, has identified yellow staining similar to the Marijane
anomaly and locally exhibits scintillometer counts with background over tens
of metres exceeding 20 times background and local hotspots of up to 100 times
background. The geological environment differs from the majority of the
occurrences on the Claims in that dykes or apophyses of the Marijane Lake
Batholith occur interspersed within country rock consisting of migmatite and
iron formation.
    Ian Campbell, 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. For further information, contact Ian Campbell, President and CEO or
Bruce Durham, Executive Chairman at 416-862-2246 or visit www.temexcorp.com.
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 mailto:TME@agoracom.com.

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    On behalf of the Board of Directors,

    "Ian Campbell"

    Ian Campbell
    President and CEO

      (*) The TSX Venture Exchange has not reviewed and does not accept
     responsibility for the adequacy or accuracy of this news release (*)
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