Tirex Moves Forward with Audit

The Tirex Corporation (Pink Sheets: TXMC), owner of a patented tire recycling technology, the TCS System, currently being audited by M&K CPA’s LLC of Houston, Texas, recently filed a Form 8-K declaring that its auditing for prior fiscal years by its previous auditors, Moore and Associates, is not to be relied upon due to Moore’s dis-creditization by the SEC in August 2009.

"After extensive review by M&K, we filed the 8-K to recognize that even though there are expected to be only minor adjustments made to prior year reports, it will be necessary to restate results to protect shareholder interests as well as M&K’s and Tirex’s integrity,” according to President John L. Threshie, Jr.

In other important recent corporate developments:

*A North American scrap tire recycling consulting organization recently committed to assisting Tirex in marketing its technology in the U.S.

*Tirex's manufacturing partner, Simpro S.p.A. of Torino, Italy, reports a slow down in marketing the TCS Technology due to poor economic conditions in Europe and the general freezing of government funding. According to a Simpro source: "…once imminent sales suddenly and discouragingly were put on hold, for now.”

ABOUT SIMPRO

Simpro is licensed by Tirex to manufacture, install, commission and warrant turnkey TCS facilities and offer a performance bond guarantee. For more information go to: http://www.simpro.it/home.php?argid=49&pagid=18&lang=en

ABOUT TIREX

Tirex’s TCS (Tirex Cryo System) process freezes scrap tire pieces with cold air – as opposed to expensive liquid nitrogen – and then "breaks” the rubber into granules in a patented "fracturing mill,” instead of cutting and shredding it. This process also separates the marketable strands of steel and fiber from the frozen ground rubber with an environmentally-friendly, economically-attractive, "green” tire recycling system. For more information go to www.tirex-tcs.com

SAFE HARBOR STATEMENT

The statements which are not historical facts contained in this news release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.