CURRENT ACTIVITY

March 09, 2007	Temex Maintains 100% Interest In Ontario Diamond Projects
December 07, 2006	Temex: KRVY Body Diamondiferous
August 08, 2006	Temex Discovers Kimberlitic Breccia

BACKGROUND

Background information on this Project
BACKGROUND

The Wilson Lake and Latchford Diamond Project is comprised of five properties totalling 30,920 acres located along the Highway 11 corridor between New Liskeard and Marten River, Ontario. Geologically, the Project lies within the Timiskaming kimberlite field, Canada's southernmost kimberlite field. This field is localized along the Lake Timiskaming Structural Zone, widely believed to be the major controlling feature for kimberlite emplacement locally as well as the Attawapiskat kimberlites 450 kilometres to the north-northwest. The latter field contains Ontario's first diamond mine, the $3.2 billion De Beers' Victor Mine, which is scheduled for full production in 2008.

The Lake Timiskaming field consists of 24 kimberlites of which over 50% are diamondiferous and most of which have been discovered within the last 10 years. Temex's discovery of the diamondiferous KRVY target expands the Lake Timiskaming field 20 kilometres to the south and demonstrates the excellent exploration potential of the area to host additional diamond bearing kimberlite bodies. The exploration prospectivity of the Timiskaming field has most recently been demonstrated by the 2007 discovery of another kimberlite by Northern Superior Resources in Quebec.

Previously, Temex conducted exploration across much of the land package, with programs including till sample processing, microprobe analysis work, airborne geophysical surveying, ground evaluation of targets, limited diamond drilling and caustic fusion analyses. This $750,000 work program was conducted under the terms of a Participation Agreement with Teck Cominco Limited ("Teck Cominco"; December 1, 2005). The Participation Agreement granted Teck Cominco the option to earn up to a 55% interest in the diamond rights by expending $3.0 million over a three year period, with the option to increase their interest to 65% by expending an additional $3.0 million over three years. Subsequently, Teck Cominco notified Temex that they would not be exercising the option on the Project.

In March 2006, a 6,050 line-kilometre airborne geophysical survey was flown at 75 metre flight line spacing using the Fugro Airborne Surveys MIDASTM high resolution boom-mounted helicopter horizontal magnetic gradiometer system. Approximately 75 targets were selected for ground investigation and of these, 13 targets were selected for diamond drilling; five of these were subsequently drill tested (861 metres total) during the summer of 2006. The third target tested was the 225 metre diameter KRVY target, from which drill hole TD06-03 intersected 136 metres of kimberlitic volcanic breccia in two separate intervals. A total of 280 kilograms of fragment dominant breccia was submitted in seven visually distinct samples to Mineral Processing Laboratory, of Kennecott Canada Exploration Inc.

Six diamonds were recovered on the 0.150 mm (4 stones) and 0.106 mm (2 stones) screens. The largest of the recovered diamonds is a fragment of a transparent white diamond measuring 0.48 mm in one dimension; two other large stones measuring 0.35 mm and 0.31 mm are also fragments. These diamond fragments indicate a high probability that larger stones exist at KRVY. Subsequent work reveals the matrix material hosting the diamonds is altered and suggestive of an ultramafic, upper mantle derived (forsteritic olivine) magma. This data is interpreted to indicate that the initial drill hole intersected the peripheral or upper portion of a kimberlitic body and the presence of the large diamond fragments is encouraging. Detailed ground magnetic surveys and three dimensional modelling has been conducted to further define the target prior to additional diamond drilling.

Since 2003, Temex constructed and has maintained an excellent geophysical and geological database including data from the processing of 1,070 till samples from which over 31,000 kimberlite indicator minerals ("KIM") were recovered and resulted in the definition of at least eight KIM dispersion trains. Electron microprobe analyses of 8,700 of the KIMs confirmed that some of these dispersion trains contain diamond facies chromite, diamond facies pyrope and eclogitic/websteritic garnets in varying proportions. Further analyses in 2006 revealed some garnets belong to the highly favourable G3 and G4D eclogite groups, some being compositionally similar to the diamond-facies population that is thought to be related to diamond-bearing mantle source rocks beneath the De Beers' Victor Kimberlite. This work combined with the results of the airborne survey has identified numerous high priority targets, many of which are ready to be drill tested.

Wilson Lake: Lake Timiskaming Structural Zone	Wilson Lake and Latchford Diamond Project: Land Position
Wilson Lake: Diamond Found in Till Sample	Wilson Lake: Garnet CaO vs Cr2O3	Wilson Lake: Garnet Mno Frequency
Wilson Lake: Clinopyroxene Geotherm	KRVY Target	KRVY Target Diamonds