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Aug 31, 2010 Time 1:04pm

TIEX INC





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TIEX INC. (TSX-V: TIX), is a Kelowna based, mineral exploration company actively engaged in the acquisition and exploration of gold properties. With new developments and new knowledge Tiex is entering 2010 with its continued exploration in the historical Cariboo mining district in Central British Columbia. The company now controls a large 100% owned mineral land package in the Cariboo mining district with an area of approximately 136,979 hectares. The Tiex's exploration models are based on the Sediment Hosted Vein (SHV) gold deposits, shear zone guided, volcanic tuff hosted vein deposit (The model defining its Gold Creek Discovery) and gold/copper porphyry deposits. Tiex’s Mineral Tenures cover most of the Undivided Sedimentary Unit of Nicola group (Mesozoic) which lies along the "Quesnel Trough" geological formations. This terrane is also perspective for volcanoclastic hosted hydrothermal gold vein systems and gold rich copper porphyry deposits. The Gold Creek property near Likely is a pure gold exploration project with excellent location, infrastructure within a mining friendly jurisdiction and close to existing operating mines.

TIEX Inc. properties are located in one of the most active mineral exploration areas of British Columbia. The exploration in the area has been aided by the government funded Geoscience Quest exploration surveys and a program of exploration tax incentives. Recent and ongoing exploration developments of the company's properties under supervision of John Buckle, P.Geo, P.Geoph and VP Exploration for Tiex, has now advanced to exploration drilling phase on some targets. These targets have been defined using ground geophysics, surface sampling, using the advanced MMI (Mobil Metal Ion) techniques and geological prospecting and interpretations. Part of the Gold Creek phase #2 drilling program is complete and the results have been released in the May 25, 2010 Press Release.

Tiex is closely watching developments south of Horsefly, BC as announced by two Vancouver based exploration companies. In their news release, (May 26th, 2010), it was stated, “The Woodjam Joint Venture is pleased to have Gold Fields as a partner in both the Woodjam North and Woodjam South properties, totaling 56,150 hectares. Fjordland President Tom Schroeter said, "The partnership with one of the world's largest gold producers now allows for aggressive advancement of the entire Woodjam property, including the very exciting Southeast Zone copper-gold-molybdenum discovery, and pursuing new target development on other Woodjam anomalies. Including a feasibility study on the Woodjam South property is a significant component of this deal as the project will benefit from Gold Fields' exploration and development expertise in gold-rich porphyry deposits. The WJV is well positioned for future discoveries in this area."

Tiex is also strategically well positioned with its wholly owned Bullion property totalling 16,158 hectares which adjoin both the Woodjam North and Woodjam South properties that have been optioned by Gold Fields. Tiex has completed a MMI survey pending assays along existing logging roads that cross the Bullion property to define exploration targets. This exploration method has been successful in locating other potential gold/copper porphyry targets north of Horsefly Lake.

The Company's principal objective is to create shareholder wealth through the discovery and development of mineral deposits. The exploration plan to meet this objective is currently focussed on gold targets in the historical Quesnel trough. The assessment of a range of exploration models located within the existing properties has been initiated into the 2010 exploration season.

TIEX Inc.