TXX Tirex Resources Ltd.

Tirex Resources Ltd. (TSX VENTURE:TXX) is pleased to announce that it has raised
$3,019,096 via a non-brokered private placement of 6,038,192 common shares at a
price of $0.50 per share. There are no warrants attached to the common shares
and all shares issued under the private placement will be subject to resale
restrictions expiring four months from the date of closing. 


The Company may pay finder's fees in cash, common shares, common share purchase
warrants, or a combination thereof, to certain parties instrumental in obtaining
subscriptions to the placement. 


This private placement provides Tirex additional financial strength as the
company advances its business plan at the Mirdita Volcanogenic Massive Sulphide
project in Albania. 


The Company will not be proceeding with the balance of the financing announced
on November 5, 2012, but did close on $1,208,120 relating to that private
placement. 


In addition to the funds closed in the private placement announced November 5th
and the $3,019,096 private placement described in today's news release, Tirex
has approximately $1.91-million undrawn under its facility with the European
Bank for Reconstruction and Development (EBRD), a facility described in previous
Tirex news releases. 


Completion of the private placement is subject to receipt of applicable
regulatory approvals including acceptance by the TSX Venture Exchange.


On Behalf of Management,

Bryan J. Slusarchuk, Chief Executive Officer

Forward-Looking Statements. This News Release may contain certain
"forward-looking" statements and information relating to Tirex. Such statements
include but are not limited to statements about the exploitation licenses, the
Partnership Agreement, the production arrangements and the timing of mine
development, and production. Often forward-looking statements or information
include words such as "plans", expects", "intends", "anticipates", "estimates"
"forecasts", or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or will be taken
occur or be achieved. Although forward-looking statements and information
contained in this release are based on the beliefs of Tirex management, which
are considered to be reasonable, as well as assumptions made by and information
currently available to Tirex management, there is no assurance that the
forward-looking statements or information will prove to be accurate. The
forward-looking statements and information contained in this release are subject
to current risks, uncertainties and assumptions related to certain factors
including, without limitations, obtaining all necessary approvals, feasibility
of mine and plant development, exploration and development risks, expenditure
and financing requirements, title matters, operating hazards, metal prices,
political and economic factors, competitive factors, general economic
conditions, relationships with vendors and strategic partners, governmental
regulation and supervision, seasonality, technological change, industry
practices, and one-time events as well as risks, uncertainties and other factors
discussed in our quarterly and annual and interim management's discussion and
analysis. In addition, a feasibility study has not been completed and there is
no certainty the proposed operation will be economically viable. Should any one
or more of these risks or uncertainties materialize or change, or should any
underlying assumptions prove incorrect, actual results may vary materially from
the forward-looking statements and information described herein. Accordingly,
readers should not place undue reliance on forward-looking statements and
information contained in this release. We undertake no obligation to update
forward-looking statements or information except as required by law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tirex Resources Ltd.
Bryan J. Slusarchuk
Chief Executive Officer
604-687-7160
604-608-9110 (FAX)
info@TirexResources.com
www.TirexResources.com

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