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CGM.V ·

Tirex Arranging Financing

Corporate Updates

488-1090 West Georgia St. Tel: 604-687-7 130 www.tirexresources.com

Vancouver B.C. [email protected]

Canada V6E3V7 TXX: TSX-V

February 15, 2017 - NR 02-2017

NEWS RELEASE

Tirex Arranging Financing

Tirex Resources Ltd. (“Tirex”) is pleased to announce it is arranging a $500,000 financing by way of a non-

brokered private placement through the issuance of 5 m illion units at $0.10 per unit with each unit consisting

of one common share and one half share purchase warra nt with each full warrant allowing the holder to

purchase an additional common share at $0.15 for a pe riod of 12 months subject to acceleration if the

common shares close at $0.30 or greater for 10 straight days.

Tirex recently announced that it has received approval for a 25 year mining license for the Rehova project

located in Albania. Rehova is a high grade copper project with historic copper production.

Fred Tejada, P.Geo, Tirex President, states, “Rehova is a past producer with exploration upside, in a rich

geological setting. With tenure rights now firmly established, this financing will assist Tirex in executing its

business plan to advance Rehova.”

Proceeds of the financing will be used for field work at Rehova and for general working capital.

On behalf of the company,

Spiro Kletas

Chief Executive Officer

Forward-Looking Statements. This Tirex News Release may contain certain "forward-looking" statements

and information relating to Tirex and the possible business transaction contemplated in this News Release.

Often forward-looking statements or information include words such as "plans", expects", "intends",

"anticipates", "estimates" "forecasts", or variations of such words and phrases or statements that certain

actions, events or results "may", "could", "would", "might" or will be taken occur or be achieved. Although

forward-looking statements and information contained in this release are based on the beliefs of Tirex

management, which we consider to be reasonable, as well as assumptions made by and information currently

available to Tirex management, there is no assurance that the forward-looking statement or information will

prove to be accurate. Specifically, there is no assurance Tirex will be able proceed with the Option

Agreement stated in this News Release. The forward-looking statements and information contained in this

release are subject to current risks, uncertainties and assumptions related to certain factors including, without

limitations, obtaining all necessary approvals, expenditure and financing requirements, title matters,

operating hazards, metal prices, political and economic factors, competitive factors, general economic

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conditions, relationships with vendors and strategic partners, governmental regulation and supervision,

seasonality, technological 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 or uncertainties materialize or change, or should any underlying

assumptions prove incorrect, actual results and forward-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 obligation to update forward-

looking statements or information except as required by law.

"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."