August 18, 2010 (TORONTO, ONTARIO): Temex Resources Corp. (TSX-V: TME, FWB: TQ1) ("Temex" or "the Company") announces that it has negotiated terms for the sale of its minority interest in the Hornby and Pender Properties ("the Properties") in the "Ring of Fire" area of northern Ontario to MacDonald Mines Exploration Ltd. ("MacDonald", TSX-V: BMK). In return for its 45.59% interest in the Properties, Temex will receive 1,000,000 shares of MacDonald and also 1,000,000 share purchase warrants as detailed below.

The Company believes the transaction provides it with a significant number of shares and a significant number of warrants to purchase additional shares in one of the most committed explorers in the "Ring of Fire" thereby providing further exposure through an equity stake in MacDonald. If Temex were to fully exercise the warrants, and based on the number of shares currently reported to be outstanding, Temex would hold approximately 1.25% of the outstanding shares of MacDonald. The Hornby Property is located contiguous to the KWG/Spider/Cliffs "Big Daddy" chromite deposit. MacDonald and Temex believe the Hornby Property has potential to host the extension of the Big Daddy deposit.

The Company continues to be one of the largest landholders in the Ring of Fire with its primary focus being to advance its more developed precious metal projects in the Abitibi Greenstone Belt, particularly its Whitney Gold Project in the heart of the Timmins Gold Camp and the Juby Gold Project in the Shining Tree area 100 kilometres to the south (www.temexcorp.com for further information).