VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/28/13 -- Tirex Resources Ltd. ("Tirex") (TSX VENTURE: TXX) is pleased to announce that Tirana, Albania has been chosen to host the 7th Congress of the Balkan Geophysical Society and that Prof. Dr. Perparim Alikaj, Tirex Country Manager has been appointed as a member of the organizing committee of this Congress.
The appointment of Dr. Alikaj reflects his commitment to the promotion of the Albanian natural resource industry, which includes such work as the Chairman of the Sub Committee for Mining and Oil & Gas of the Foreign Investors Association of Albania (FIAA).
Tirex will act as a sponsor at this high profile mining industry event and is pleased that Tirana was chosen as the host city for this occasion. Tirex believes that Albania has an opportunity to grow into a significant regional player in the European mining industry, with potential for production of copper, zinc, gold, silver, chrome, iron-nickel and other metals. Following this October 2013 event, is the 20th Carpathian - Balkan Geological Association Congress which is being held in September 2014 in Tirana.
In addition to Tirex's involvement supporting natural resource sector organizations and events within Albania, the company is also active in the promotion of the industry internationally. The company participated, last year, in Albanian focussed events in Ottawa and in New York and recently, Tirex Chief Executive Officer Bryan Slusarchuk was named to the Board of Directors of the Canada-Albania Business Council (CABC).
Onsite, Tirex mining engineers have recently visited, evaluated and assessed mine openings and access to the mining areas known as Fushe Arres, Tuc, Paluce and Qafe Bari (Tirex licenses: PN-4714-01-2013, PN-4715-01-2013, PN-4716-01-2013, PN-4717-01-2013). Tirex mining plans for these areas were approved during the mining licensing process, through which the company transitioned its exploration licenses to 25 year exploitation (mining) licenses after an investment of more than USD $25 million in six specific areas of the Mirdita Volcanogenic Massive Sulphide District.
As Tirex advances its projects in Albania, the company looks forward to continuing to work with multiple non-profit agencies inside and outside of the country to increase Albania's visibility as a natural resource investment destination for metals, oil and gas.
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.
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release."
Tirex Resources Ltd.
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