OVERVIEW

CURRENT ACTIVITY

	Tue Jul 13, 2010 Temex Provides Update on Precious Metals Portfolio News Release NR12-2010 TSX Venture Exchange: TME, Frankfurt Exchange:TQ1 July 13, 2010 (TORONTO, ONTARIO): Temex Resources Corp. (TSX-V: TME, FWB: TQ1) ("Temex" or "the Company") provides an update on activities related to its precious metals portfolio in northeastern Ontario and on which exploration work is currently on-going on all four of the projects. Timmins Gold Project -- Whitney Township Property • 10,000 metre drill program to test high priority exploration targets in ... (8 KB)
	Mon Nov 16, 2009 Temex Initiates Testwork on Silver Tailings with BacTech on the Gowganda Silver Project News Release NR20-2009 TSX Venture Exchange: TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex" or "the Company") announces that it has entered into discussions with BacTech Mining Corporation (BacTech; TSX-V:BM) with respect to an agreement to re-process the mine tailings on the Company's 100% owned Gowganda Silver Project which contains the Miller Lake O'Brien Mine. The Miller Lake O'Brien Silver Mine, the largest past producing... (4 KB)
	Wed Oct 22, 2008 Temex Provides Exploration Update NEWS RELEASE NR24-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex") is pleased to provide an update on its exploration activities. The Company is active on several projects including the Ring of Fire, the Timmins and Latchford Gold Projects and the Huston Lake Uranium Project. Drilling continues on the Whitney Township Gold Project located in the Timmins gold camp and the Company is anticipating ... (10 KB)
	Sat Mar 1, 2008 Temex Provides Exploration Update NEWS RELEASE NR06-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") provides this exploration and project update on its mineral properties. The Company currently has two active drill programs in progress, one on its Whitney Township Gold Property located in the Timmins Gold Camp, and another on its Juby North Property, 100 kilometres south of Timmins. A third drill is to be ... (12 KB)
	Wed Feb 21, 2007 Temex:Silver Tailings Project Update Gowganda Silver Project NEWS RELEASE NR02-2007 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") is pleased to report results from sampling of the tailings deposits and subsequent metallurgical test work on the silver recoveries at the Gowganda Silver Project (the "Project or the "Property"). The tailings deposits were generated from the Miller Lake O'Brien Silver Mine, the largest past-producing Cobalt-style silver mine outside of Cobalt, Ontari... (2 KB)
	Thu Feb 1, 2007 Temex: Drilling Intersects High Grade Silver Gowganda Silver Project NEWS RELEASE NR01-2007 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") is pleased to announce results from a Phase I drilling program completed on its wholly-owned Gowganda Silver Project ("the Property"). The Property contains the Miller Lake O'Brien Silver Mine, the largest past producing Cobalt-style silver mine outside of Cobalt, Ontario. It was operated by Miller Lake O'Brien Mines (1910-1944) and later by Siscoe Met... (2 KB)
	Tue Nov 21, 2006 Temex Commences Drilling at High Grade Silver Project News RELEASE 24-2006 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange: TME, Frankfurt: TQ1) ("Temex" or "the Company") is pleased to announce that an initial Phase I diamond drill program has commenced at its 100% owned Gowganda Silver Project located 3 kilometres northeast of the historic silver mining town of Gowganda, Ontario. Highlights • Phase I drilling will consist of approximately 2500 metres in 22 holes • Program to confirm and test for e... (2 KB)
	Tue Aug 29, 2006 Temex Engages Knight Piesold for Environmental and Permitting Activities on Gowganda Silver Project News Release 21-2006 TORONTO, ONTARIO: Temex Resources Corp. (TME, TSX Venture Exchange) ("Temex" or "the Company") is pleased to announce that is has engaged Knight Piesold Ltd. to conduct environmental and related studies on the 100% owned Gowganda Silver Project (the "Project" or "Property"). The Property holds near-term revenue potential from the recovery of silver by reprocessing tailings deposits, generated from the past-producing Miller Lake O'Brien silver mine, wh... (1 KB)
	Mon May 1, 2006 Temex Completes Acquisition of Gowganda High Grade Silver Property Not for distribution to U.S. Newswire Service or for Dissemination in the United States News Release 12-2006 TORONTO, ONTARIO: Temex Resources Corp. (TME, TSX Venture Exchange) (the "Company" or "Temex") is pleased to report that it has completed the purchase of the Miller Lake O'Brien Silver Property (the "Property"), located three kilometres northeast of Gowganda, Ontario, and related assets and facilities from Sandy K Mines ("SKM"), as previously announced on March 6. The Propert... (2 KB)
	Mon Mar 6, 2006 Temex Enters into an Agreement to Acquire High Grade Silver Property, 40 Million Ounces of Historical Production News Release 07-2006 TORONTO, ONTARIO: Temex Resources Corp. (TME, TSX Venture Exchange) (the "Company" or "Temex") is pleased to report that it has entered into an agreement to purchase the Miller Lake O'Brien Silver Property (the "Property"), located three kilometres northeast of Gowganda, Ontario and related assets and facilities from Sandy K Mines ("SKM"). The t... (41 KB)

BACKGROUND

Background information on this Project

BACKGROUND

In April 2006, Temex completed the acquisition of the Miller Lake O'Brien Silver Property and related assets and facilities from Sandy K. Mines Limited ("SKM"), a private Ontario corporation. The Property, located three kilometres northeast of Gowganda, Ontario contains the Miller Lake O'Brien Silver Mine, the largest past producing Cobalt-style silver mine outside of Cobalt, Ontario. It was operated by Miller Lake O'Brien Mines (1910 to 1944) and later by Siscoe Metals (1945 to 1972), with combined historical production of 40.7 million ounces of silver at a reported average grade of 22 opt silver (Derry Michener Booth and Wahl, 1990). The Property comprises a block of 14 claims covering 553 acres with excellent infrastructure and access to power.

The immediate area of the Property is underlain by Huronian Coleman Member sediments of the Gowganda Formation, Nipissing Diabase and Archean mafic volcanic rocks. Silver-bearing veins, generally ranging from one to fifteen centimetres wide, are associated with thick cone sheets of Nipissing Diabase, which were remobilized resulting in the formation of fractures and zones of fissures thereby providing openings for deposition of metals from mineralizing fluids. Silver occurs as native metal in the form of leaf and rosettes in a carbonate gangue.

SKM carried out an extensive underground exploration program from 1987 to 1989 which included 525 metres of lateral development and 8,511 metres of drilling. Eight new silver bearing veins were identified within a target zone of over 600 metres, with drill intercepts ranging from 3.99 opt silver over one foot up to 348.5 opt silver over 3.5 feet, including 1,039.10 opt silver over one foot (see highlights in the following table). Consulting firm Watts Griffis and McOuat ("WGM") established a preliminary mineral inventory of one million ounces silver at an average grade of 29.98 opt silver on some of the new veins intersected in drilling by SKM (WGM, 1994).

The Property has significant tailings deposits. Independent studies by several industry experts (including WGM and Kilborn Engineering) on the silver content of the tailings established a resource of 1.827 million short tons grading 1.43 opt silver (1.66 million tonnes grading 49 g/t silver). This was estimated on the basis of 545 auger holes and an additional 152 sonic drill holes between 1980 and 1987. Gravity and metallurgical testwork was carried out on the tailings by Lakefield Research Limited (1999) and by Process Research Associates Ltd. (2000).

Estimates reported are historical and are not in compliance with National Instrument 43-101 "Standards of Disclosure for Mineral Deposits". In addition, the Company has not done the work necessary to verify the classification of the resource and is not treating the estimates as National Instrument 43-101 defined resources verified by a Qualified Person. The historical estimates should not be relied upon.

Table of Selected Drill Hole Results from the SKM Program 1987 to 1989:

Drill Hole	From	To	Width	Silver	Silver
	(ft)	(ft)	(ft)	(opt)	(g/t)
SDK-88-02	377.0	378.0	1.0	3.99	124
SDK-88-05	78.0	79.1	1.1	3.52	109
	331.0	332.5	1.5	12.53	390
Including	331.0	331.5	0.5	35.40	1,101
SDK-88-06	327.0	328.5	1.5	11.08	345
Including	328.0	328.5	0.5	25.25	785
SDK-88-09	155.7	157.7	2.0	5.16	160
Including	156.7	157.7	1.0	8.93	278
	236.1	237.1	1.0	20.40	634
SDK-88-10	326.0	329.5	3.5	348.50	10,838
Including	327.5	328.5	1.0	1039.10	32,316
	344.5	345.5	1.0	5.62	175
	408.0	410.0	2.0	154.80	4,814
Including	408.0	409.0	1.0	305.80	9,510
SDK-88-13	238.5	239.5	1.0	29.28	911
	270.0	271.0	1.0	6.50	202
	375.8	376.8	1.0	291.40	9,063
Note: Conversion factor of 31.10 was used to convert opt to g/t

Gowganda Silver Project