CURRENT ACTIVITY

December 08, 2008	Temex and Nuinsco Report Uranium Exploration Results Diamond Drilling Underway
November 04, 2008	Temex and Nuinsco Commence Exploration on Uranium Project
October 22, 2008	Temex Provides Exploration Update
July 10, 2008	Temex and Nuinsco Complete Agreement and Commence Exploration on Uranium Properties
May 15, 2008	Temex and Nuinsco Strike Uranium Project Deal
July 17, 2007	Temex Acquires Uranium Exploration Properties in Northwestern Ontario and Eastern Manitoba

BACKGROUND

Background information on this Project
BACKGROUND

On July 17, 2007, Temex announced the acquisition of three uranium properties called the Marijane Lake, Huston Lake and Hillock Lake Properties located in eastern Manitoba and northwestern Ontario, near Kenora, Ontario. The properties were acquired primarily by staking and an option agreement. The geological belts in which the properties are located have numerous uranium occurrences and have been recognized by the Geological Survey of Canada to have high potential to host Rössing style uranium deposits (Ruzicka, 1979). The Marijane Lake (12,484 acres in Manitoba) and Huston Lake (40,120 acres in Ontario) Properties are comprised of a contiguous block of claims covering 52,604 acres. The claims were acquired to cover an exceptionally large and strong equivalent uranium radiometric anomaly apparent on Ontario Geological Survey ("OGS") and Geological Survey of Canada ("GSC") surveys (1977). The geophysical anomaly covers a strike length of approximately 45 kilometres with the most intense portion of the anomaly occurring over a strike length of 10 kilometres. Portions of the anomaly occur along strike from a major geological contact zone from which previous work has identified uranium mineralization including high grade values of 1.80% U3O8 over 0.60 metres, 0.38% U3O8 over 1.5 metres and 0.065% U3O8 over 4.6 metres in drill holes, and also numerous showings and occurrences. These showings occur proximal to the main geophysical anomaly staked by Temex.

The Hillock Lake Property, 2,040 acres in size, is located 100 kilometres to the southeast of the Huston Lake Property and southeast of Kenora, Ontario. The Property covers a distinct and isolated airborne radiometric anomaly that is coincident with a strong, multi-point lake sediment geochemical uranium anomaly defined by a cluster of values over an area of 20 by 25 kilometres. The Property occurs to the southwest along geological trend from the uraniferous pegmatite field west of Dryden, host to numerous pegmatite-hosted uranium occurrences including the Richard Lake deposit with an historic non NI 43-101 compliant resource of 650,000 tons at 0.10% U3O8 (GSC paper 81-23, see Note 1). Both the geophysical and geochemical anomalies associated with the Hillock Lake Property are larger and stronger than those associated with the Dryden area uranium occurrences.

Temex initiated a field program consisting of preliminary prospecting aided by a hand-held gamma-ray scintillometer to focus on target areas proximal to the most intense airborne anomalies in both the Marijane Lake and Huston Lake Properties. During the reconnaissance prospecting program, several outcrops located along and 8 by 1.5 kilometre east-west corridor were noted to have yellow staining that has been proven to be secondary uranium mineralization (uranophane). Six out of 37 bedrock samples returned analyses greater than 300 ppm uranium with anomalous values ranging from 0.047% to 0.130% (2.6 lbs/ton) U3O8. The samples were analyzed at Loring Laboratories in Calgary, Alberta (see description of method of analysis in Note 2). These initial highly encouraging results will assist further exploration work, planned to include detailed airborne radiometric surveying, followed by ground work, currently scheduled to begin in 2008.

The Rössing style of orthomagmatic and anatectic uranium deposits occur in granitic pegmatite and pegmatite host rocks. Along with the favourable geological environment, the area is host to several large pegmatite bodies, examples of which include the Bernic Lake rare metals deposit currently being mined by Cabot Corporation for cesium to produce cesium formate for the petroleum industry, and the Big Whopper lithium petalite deposit discovered in 1996 by the OGS. Both of these examples exceed nine million tones in size to date, illustrating the size potential of the region for large pegmatite-hosted mineral deposits. Nearby, in the Dryden-Kenora pegmatite field, host to the Richard Lake uranium deposit (historic, non-compliant with NI 43-101), resource of 650,000 tons grading 0.10% U3O8: Pryslak, 1976, other junior explorers (Freewest Resources Canada Inc. TSX-V:FWR; Takara Resources Inc. TSX-V:TKK; Delta Uranium Inc. TSX-V:DUR) have announced land acquisitions for similar types of deposits, and recent exploration programs that have produced anomalous bedrock results from current sampling programs associated with the OGS-GSC airborne radiometric anomalies (Delta Uranium news releases January 7, 2008 and December 18, 2007; Freewest news release November 1, 2007).

Note 1. Estimates reported are historical and are not in compliance with National Instrument 43-101 "Standards of Disclosure for Mineral Deposits" ("NI 43-101"). In addition, Temex has not done the work necessary to verify the classification of the resource, is not treating the estimates as NI 43-101 defined resources verified by a Qualified Person, and the historical estimates should not be relied upon.

Note 2. Loring Laboratories procedure for uranium analysis: Sample preparation includes crushing, grinding and pulverizing of a representative sample to -150 mesh. The geochemical analysis procedure for preliminary detection of low levels of uranium employs a hydrochloric acid digestion of a 0.5 gram sample, followed by dilution to 10 ml. The solution is analyzed fluorometrically, with a 0.1 ppm detection limit for uranium; results are reported as ppm for uranium. The flourometric assay procedure used for the analysis of ore grade material employs a total digestion of the sample using a HNO3-HCl-HF-H2SO4 multi-acid digestion of a 1.0 gram sample, with a 0.001% U3O8 detection limit; results are reported as percent U3O8.

In May 2008, Temex entered into an Option and Joint Venture Agreement on the Marijane Lake and Huston Lake Properties granting Nuinsco Resources Limited the right to earn a 50% interest. The initial $500,000 exploration program, anticipated to include airborne radiometric geophysical surveying, follow-up prospecting, sampling and diamond drilling, will be funded by Nuinsco with Temex acting as operator.

Uranium Project	Huston Lake
Hillock Lake