Tiex Identifies Five Au/Cu Porphyry Targets at Horsefly Property

Oct 12, 2010, 09:00 ET from TIEX Inc.

KELOWNA, BC, Oct. 12 /PRNewswire/ - Tiex Inc. ("Tiex" or the "Company") (TSX-V:TIX) is pleased to provide an exploration update on its 100% owned, 109,442-hectare Horsefly property, which is located 150 km east-northeast of Williams Lake, British Columbia. The prospecting program undertaken by the Company identified at least five potential areas of Au/Cu Porphyry targets plus a newly discovered copper showing. Maps showing the distribution of the gold, silver and copper soil geochemical results may be viewed on the Google Earth, Horsefly property maps and photos page on the Company's website at www.tiexinc.com.

The results of the reconnaissance prospecting program are encouraging:

    Bullion

        The property adjoins the Gold Fields, Fjordland and Cariboo Rose
        Woodjam JV. The southeast Au/Cu Porphyry zone located in the northern
        Tokomkane Batholith has attracted interest in the area. Tiex's claims
        are staked along the favourable Tokomkane Batholith contact

    Viewland

        This property is a priority exploration project due to size,
        strength, and correlation with aeromagnetic features. Elevated to
        anomalous gold-copper-molybdenum values occur in this area. The
        property was staked because of an aeromagnetic anomaly and the
        underlying geology. The aeromagnetic anomaly was interpreted to be
        reflecting a syenitic intrusive which could be mineralized in similar
        fashion to the Mt. Polley Mine located 40 km to the west-northwest

    Megamag

        This area comprises a 5.0-km length MMI (Mobil Metal Ion) anomaly and
        magnetic high that is associated with elevated gold, silver and
        copper values

    Horsefly Mountain

        Located on Horsefly Mountain, this is an area encompassing a
        historical Au/Cu Alkalic porphyry showing. The company has collected
        286 samples spaced 50 metres apart along several logging roads and
        these samples will be sent to SGS Minerals Services in Toronto,
        Ontario for multi-element (46) MMI analysis

    Jamboree

        An MMI reconnaissance grid survey of 860 samples has revealed three
        anomalies which are significant in Au, Ag, Cu and Mo. An additional
        378 samples have been taken between Crooked Lake and Bosk Lake and
        will be sent to SGS Minerals

Tiex also plans a work program on the Jack showing discovered by a local Horsefly prospector on the companies claims at Horsefly Lake. The showing exposes an area of copper oxide staining (malachite and azurite) which will require follow up work to determine the size and grade of the mineralization.

The Company is planning further exploration, which will include diamond drilling, induced polarization (IP), geophysical surveying and soil sampling. The properties are readily accessible along a well developed network of established forestry roads.

Management is seeking a strategic alliance with a major mining company for the exploration and development of Tiex's gold/copper porphyry properties.

John Buckle P.Geo., P.Geoph a Director of the Company and qualified person as defined by National Instrument 43-101 is responsible for the technical information provided in this release.

About Tiex Inc.:

Tiex Inc. is a TSX Venture listed mineral exploration company focused on the exploration of its 137,572 hectares mineral property located in the Cariboo Gold Fields of central British Columbia Canada.

    ON BEHALF OF THE BOARD OF DIRECTORS
    "Ernest Bergvinson"
    President and CEO

Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.

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 RELEASE.

SOURCE TIEX Inc.