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Temex Achieves up to 98% Gold Recovery in Metallurgical Testwork on High Grade Whitney Project, Timmins Gold Camp

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Message: Temex Announces Resource of 87% Increase in Measured and

"Current Work and Next Steps

Compilation and resource estimation has begun for the Lower Hallnor and Broulan Reef mines that will complete the property-wide compilation and initial resource estimates. Engineering work continues on assessing an advanced exploration program and a Preliminary Economic Assessment (PEA) of the Upper Whitney has been initiated that will assess medium to long term selective small scale open pit and underground potential.

Further definition diamond drilling is also planned to support the assessments. Environmental permitting baseline work is ongoing and will follow through from the 2013 program including hydrogeological, geotechnical, and ore and waste rock characterization. Further metallurgical testwork is planned to support the PEA and in anticipation of custom milling requirements.

Preliminary metallurgical testwork conducted in 2013 by SGS Canada Inc. on lower grades concluded that cyanide leaching on whole ore at various grinds produced excellent gold leach recoveries ranging between 93% and 98% on calculated head grades ranging between 0.94 to 2.32 g/t gold respectively (news release February 27, 2013). More work is planned for anticipated higher grade material."

One question rises: are we financed at this time? GLTA.

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