Tirex Resources announced that it has arranged to immediately draw down EUR 1 million from the European Bank for Reconstruction and Development under the terms of its loan agreement announced on October 8th 2008.

Tirex will use the funds to continue drilling at the company's Mirdita District in Albania. The company's exploration program at Mirdita is a blend of advanced stage definition and expansion drilling in known areas of mineralization alongside of pure exploration with a discovery focus in previously undrilled areas of the property.

Assays are pending from recent, continued step out drilling in the Letitna area of the District. The most recent hole drilled at Letitna is a large step out, 150 m north of the previous most northerly hole drilled in the area. In addition to Letitna, Tirex is also currently drilling a high priority exploration hole in a new area of the property, targeting discovery.