Tirex Continues Restructuring Discussions Tirex Resources Ltd. is continuing debt restru cturing discussions with a major creditor with regard to an approximate $10.4-million payment due in February, 2018. Tirex does not have capital to pay the debt wh en due and there is no assurance the company
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488-1090 West Georgia St. Tel: 604-687-7130 www.tirexresource s.com
Vancouver B.C. i n f o @ t i r e x r e s o u r c e s . c o m
C a n a d a V 6 B 1 L 8 TXX: TSX-V
N o v e m b e r 2 7 , 2017 - NR 12-2017
NEWS RELEASE
Tirex Continues Restructuring Discussions
Tirex Resources Ltd. is continuing debt restru cturing discussions with a major creditor with
regard to an approximate $10.4-million payment due in February, 2018.
Tirex does not have capital to pay the debt wh en due and there is no assurance the company
will come to a satisfactory conclusion in the debt restructuring discussions. The discussions are
ongoing and communication is occurring with regularity.
As per previous disclosure, with no availability of working capital, the company requested and
received various advances from directors, form er directors and shareh olders. These advances
allowed the company to carry out fieldwork at Rehova as reported by the company on Aug. 29,
2017, and pay various other expenses. These advances bear no interest, are unsecured and are
payable upon demand.
If the discussions with the major creditor come to a conclusion deemed satisfactory by the
company, a share consolidation will be immediat ely evaluated so as to ascertain and enact the
most prudent and reasonable route forward that can allow for the raising of necessary equity
capital to retain, invest in and advance the company's key property. Tirex Director Bryan
Slusarchuk has resigned effective November 27, 2017 but will remain with the company in an
Advisory role.
Tirex intends to provide additional updates, as warranted, in the near future.
On behalf of the Company,
Fred Tejada, Chief Executive Officer and Director
Forward-Looking Statements . This Tirex News Release may contain certain "forward-looking"
statements and information relating to Tirex. Such statements include but are not limited to statements
about the Award, the production arrangements and the timing of the mine development, mill
construction and ore production. 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 stateme nts and information contained in
this release are based on the beliefs of Tirex management, whic h we consider to be reasonable, as
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well as assumptions made by and in formation currently available to Tirex management, there is no
assurance that the forward-looking statement or information wil l prove to be accurate. The
assumptions made include assumptions about Tirex's ability to move forward with the licensing. The
forward-looking statements and information contained in this re lease are subject to current risks,
uncertainties and assumptions related to certain factors includ ing, without limitations, obtaining all
necessary approvals, feasibility of mine and plant development, exploration and development risks,
expenditure and financing requirements, title matters, operatin g hazards, metal prices, political and
economic factors, competitive factors, general economic conditi ons, relationships with vendors and
strategic partners, governmental regulation and supervision, se asonality, technological change,
industry practices, and one-time events as well as risks, uncer tainties 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 shoul d any underlying assumptions prove
incorrect, actual results and forward-looking statements and in formation may vary materially from
those described herein. Accord ingly, readers should not place u ndue reliance on fo rward-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."