Agoracom

TORONTO, Feb. 19 -- Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") announces that it has entered into a binding letter of intent ("LOI") with East West Resources Corporation ("East West") whereby Temex has granted East West the option to acquire a 50% interest in 25 staked mining claims (the "Claims") totaling 333 units (13,320 acres), in the general area of the Noront Resources Ltd. ("Noront") recent Ni-Cu-PGE discovery. The Claims, which are located in the Sachigo Greenstone Belt in the James Bay Lowlands region of northern Ontario, are located south of the high grade Noront Eagle One nickel-copper-platinum-palladium discovery.

Highlights :


- East West granted an option to earn 50% interest in claim group nearNoront Ni-Cu-PGE discovery- Airborne EM - Mag survey scheduled to begin- Temex total land position now increased to 7,000 mining units covering280,000 acres; interests range from residual royalties to 100%ownership
The Claims cover features thought to represent geological environments similar to the geological environment near the Noront Ni-Cu-PGE discovery. It is believed that the recently acquired Claims have never been subjected to any previous exploration for Ni-Cu-PGE mineralization, and for the most part, the Claims have not been covered by a modern magnetic and electromagnetic geophysical survey. The initial exploration program will consist of a combination of airborne and ground geophysical surveying followed by diamond drill testing of any priority targets.

In order to earn its undivided 50% interest in the claims East West shall, upon execution and delivery of a definitive Option and Joint Venture Agreement, make a cash payment of $100,000 and issue to Temex 250,000 common shares of East West, and complete an aggregate of $1,000,000 of exploration expenditures (the "Work Commitment") over a three-year period. East West must also issue an additional 250,000 shares on the first anniversary of the agreement.

East West shall be entitled to extend for one year the time for completion of each milestone of the Work Commitment by notice to Temex if given prior to the applicable anniversary of signing. Each extension shall require East West to issue to Temex 250,000 common shares of East West.

During the earn-in period, East West may appoint Temex as its Agent to carry out the exploration programs and Temex would be entitled to charge an industry standard management fee. Upon East West earning its 50% interest in the Claims, Temex shall have 60 days from the date of exercise of the Option to elect either to form a 50:50 Joint Venture with East West for further exploration and development of the claims or to forego the Joint Venture and reduce its undivided 50% interest in the Claims to a 15% carried and non-assessable interest in the Claims to the date of commencement of commercial production from the Claims. Should Temex elect to form a joint venture, Temex shall be the operator and the Joint Venture shall be governed by a joint management committee. The terms of the transaction are subject to TSX Venture Exchange approval.

Temex now holds a direct interest in 7,000 mining claim units covering 280,000 acres in the immediate area and region of the Double Eagle discovery making Temex one of the largest landholders in the region. The claims subject to the LOI, located to the southwest of the Noront discovery, are owned 100% by Temex.

Ian Campbell, P. Geo., is the designated qualified person responsible for the preparation of this news release. Bruce Durham, Executive Chairman of Temex, also serves as a Director of East West. For further information on Temex please contact Ian Campbell or Bruce Durham, at 416-862-2246 or visit the Company's website at www.temexcorp.com. Temex is a well-funded Canadian exploration company focused on advancing its precious metal, diamond, nickel and uranium projects in Manitoba and Ontario.

On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell

President and CEO

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responsibility for the adequacy or accuracy of this news release(x)