Tirex Resources is pleased to announce that Canada's Minister of Foreign Affairs, Minister John Baird, will be making an official visit to Albania this upcoming Tuesday, September 2nd, 2014.

Canada is the largest source of foreign direct investment in Albania with Canadian companies being particularly involved in the natural resource sector.

Tirex has invested approximately CAD $30 million in the Albanian mining sector and as the first mover in a new era of Albanian mineral exploration and development, is particularly pleased as to the visit of Minister Baird during this time of growing bilateral relations between the countries. In addition to having received significant investment funding from the European Bank for Reconstruction and Development (EBRD), Tirex trades publicly in Canada, the United States and the European Union and for many international investors, Tirex represents a first investment into Albania.

During the trip, Minister Baird will meet with Albanian Prime Minister Edi Rama, Minister of Foreign Affairs Ditmir Bushati and President Bujar Nishani. Minister Baird will also attend a meeting with various representatives of Canadian businesses, including Tirex Chief Executive Officer Bryan Slusarchuk, with the topic being the furtherance of Canadian-Albanian business and investment relations.

Minister Baird, remarking on the visit to Albania notes that "Canada strongly supports Albania's path to European Union integration" and further describes Albania as "a like-minded NATO ally".

Bryan Slusarchuk, Chief Executive Officer of Tirex Resources and a Director of the Canada-Albania Business Council, states, "Tirex has worked in Albania for the past seven years and started investing in the country's mining sector at a time when there was very little western investment being directed into the sector. Tirex has introduced Albania as a potential investment destination to thousands of investors in Canada, the United States and the European Union. As such, we think this visit of Minister Baird to Albania is an important step in further enhancing trade and investment ties between the two countries."

Tirex has brought a best practices approach to the Albanian mineral sector, with an emphasis on the integration of a high level of set of standards as to environment, health, safety, community and technology. Tirex operates in an area of the country with high levels of unemployment and low wage rates, and the company hopes to be able to have a significant and positive impact on that situation over time through extensive hiring from local communities as the company executes on its business plan.

On Behalf of Management,

Bryan Slusarchuk,
CEO
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