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2008 Exploration Budget And Stock Options Granted
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Vancouver, BC - Triex Minerals Corporation (TXM-TSX.V) (the "Company")
is pleased to report the details of the $6.4 million annual exploration
budget for 2008 approved by the Board of Directors.
With approximately $14 Million of working capital and only 19.7 million
shares issued, the Company is well financed to both execute its planned
exploration program, and also respond to new opportunities in the
uranium sector, for which fundamental and long-term supply challenges
persist.
The 2008 exploration budget is focused on drilling. Properties acquired
and targets developed during the past three years will be tested. More
than 15,000 metres are planned on six different projects in three
different districts; the Company continues to manage exploration risk
through diversity.
Individual planned programs include:
-5,000 m at Pasfield Lake, SK
-5,000 m on four regional targets in Hornby Bay Basin, NU
-3,000 m on two targets at Stony Road, SK
-1,200 m on the new Fireweed discovery, AK
-2,500 m on three targets at the new Riverlake and Highrock properties,
SK
Drilling is scheduled to begin within two weeks, and will continue more
or less continuously for the next eight months, ending in November.
Dominion Drilling Inc., of Saskatchewan, has the depth to provide three
different types of rigs that the Company requested in it's tenders in
order to most cost-effectively drill a variety of different targets,
and as such, maximize the number of holes and total metres drilled.
The Company also announces the granting of incentive stock options to
certain directors, officers and employees to purchase up to 505,000
common shares under the Company's Incentive Stock Option Plan. The
options will be granted for a period of five (5) years, commencing on
January 23, 2008, exercisable at a price of $2.00 per share.
TRIEX MINERALS CORPORATION
"Michael Gunning"
Michael Gunning, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this
news release.
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Copyright (c) 2008 TRIEX MINERALS CORPORATION (TXM) All rights
reserved. For more information visit our website at
http://www.triexminerals.com/ or send mailto:info@triexminerals.com
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