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File: Tirex News Release-Second Kosovo Acquisition-Mar 30 2017FNL.docx


NEWS RELEASE 


Tirex to Acquire Up to 100% of Gold and Lead-Zinc-Silver Project in Kosovo 

*bullet* adjacent to three past producing lead-zinc-silver mines 
*bullet* on-strike with the Slivovo gold discovery 
*bullet* exploration license valid for 6 years including with extensions 

Tirex Resources Ltd. ("Tirex") is pleased to announce that it has signed a Memorandum of Understanding ("Agreement") t
--->o acquire up to 100% of Cerovina Property in Kosovo adjacent to and north of its Romovista Property. Tirex geologists 
--->visited the Cerovina Property and visually confirmed the presence of copper, lead, zinc mineralization and zones with 
--->quartz veinlets in thinly bedded clastic sediments. Cerovina has an area of 3,136 hectares and is on strike and adjoin
--->ing the Slivovo gold discovery which is controlled by Byrnecut International Ltd., a private Australian company. A few
---> kilometers to the west of the property boundary are past producing lead-zinc-silver mines of Kishnica (*historic rese
--->rve of 4.12 million tons @ 4.75% Pb, 1.02% Zn and 64.11 g/t Ag), Hajvalia (*historic reserve of 1.1 million tons @ 9.6
--->5% Pb, 18.26% Zn and 126.4 g/t Ag) and Badovc mine (*historic reserve of 7.62 million tons @ 5.2% Pb, 3.13% Zn and 70.
--->7 g/t Ag). Together with Artana mine to the east, these mines used to produce in the past 200,000 tons per year which 
--->were processed at the Kishnica processing plant together with materials from Artana mine farther to the east of Cerovi
--->na (*information provided by Artana mine staff). The tonnages and grades quoted above are "historic reserve" (not comp
--->liant with NI 43-101). For clarity, these mines are not on Tirex property but are examples of nearby mines that sugges
--->t the exploration potential for similar mineralization on the property. 

Slivovo exploration is fully funded by Brynecut and it is rapidly advancing towards the completion of a pre-feasibilit
--->y study.  The Peshter Gossan is the main body of high grade gold mineralization on the Slivovo JV. It is approximately
---> 125m long x 25-40m thick and 50-75m wide. Drilling at Peshter Gossan has shown significant gold intercepts such as SL
--->V004 -126.5 meters @ 6.2 g/t gold; 15.0 g/t silver (drillhole SLV004) and 12.0 meters @ 12.2 g/t gold; 8.02 g/t silver
---> (drillhole SLV005) ((information taken from www.avrupaminerals.com). 

Cerovina Property 

The Cerovina Property is covered by an exploration license valid for up to 6 years including extensions. A regional-sc
--->ale structure trending north-south passing through or close to the Slivovo gold discovery extends through the eastern 
--->part of the property. Additional to the proximity to Slivovo, approximately 2 to 4 kms to the west are the Kishnica, H
--->ajvalia and Badovc lead-zinc-silver mines.

Tirex believes that due to its proximity to the Slivovo gold discovery and past producing mines there is excellent pot
--->ential for gold and lead-zinc-silver mineralization. Tirex will review existing information on the property and will m
--->ake plans for exploration.


Tirex President, Mr. Fred Tejada, P.Geo, states, "This second property acquisition positions Tirex as a major explorer
---> in Kosovo. The presence of several past producing mines nearby and the significant Slivovo discovery of Avrupa give c
--->onfidence to Tirex that it is in the right geological jurisdiction and looks forward to  positive exploration results 
--->in the future."

Terms of the Agreement

Under the Agreement, Tirex has the option to earn 80% interest on the property by spending  euros2.0 million within 5 
--->years and paying a total of  euros60,000 to the claim owner within 3 years after signing of the Agreement. If the clai
--->mowner decides not to participate in funding the development of the project after Tirex has earned its interest, the c
--->laimowner's interest will be reduced to a 2.5% NSR.


On Behalf of Tirex Resources Ltd.

Spiro Kletas
CEO and Director 

Forward-Looking Statements. This Tirex News Release may contain certain "forward-looking" statements and information r
--->elating to Tirex. Such statements include but are not limited to statements about the Award, the production arrangemen
--->ts and the timing of the mine development, mill construction and ore production. Often forward-looking statements or i
--->nformation include words such as "plans", expects", "intends", "anticipates", "estimates" "forecasts", or variations o
--->f such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or wil
--->l be taken occur or be achieved. Although forward-looking statements and information contained in this release are bas
--->ed on the beliefs of Tirex management, which we consider to be reasonable, as well as assumptions made by and informat
--->ion currently available to Tirex management, there is no assurance that the forward-looking statement or information w
--->ill prove to be accurate. The assumptions made include assumptions about Tirex's ability to move forward with the lice
--->nsing. The forward-looking statements and information contained in this release are subject to current risks, uncertai
--->nties and assumptions related to certain factors including, without limitations, obtaining all necessary approvals, fe
--->asibility of mine and plant development, exploration and development risks, expenditure and financing requirements, ti
--->tle matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic co
--->nditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, tec
--->hnological 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. Should any one or more of these risks o
--->r uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forwar
--->d-looking statements and information may vary materially from those described herein. Accordingly, readers should not 
--->place undue reliance on forward-looking statements and information contained in this release. We undertake no obligati
--->on to update forward-looking statements or information except as required by law. All resources or reserves estimates 
--->quoted in this news release are historical, uncategorized and not NI 43-101 compliant and should not be relied upon. 

"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."