Tirex Restructures to Re-Enter the Recycling Market with Its 'Green' Tire Recycling...

Tirex Restructures to Re-Enter the Recycling Market with Its 'Green' Tire Recycling Technology

STRATFORD, Conn.--(Business Wire)--
The Tirex Corporation (OTCBB:TMXC) (the "Company", "Tirex"), the
owner of a 'green', patented tire recycling technology, the TCS
System, today announced its progress in its recent restructuring,
undertaken to facilitate the Company's return to being quoted on the
Over The Counter Bulletin Board (OTCBB), which the Company believes
will increase its opportunities to obtain capital financing of its TCS
Facility(s).

-- In January, 2008 Tirex engaged the Otto Law Group of Seattle,
WA to become its new SEC attorneys and assist in the
restructuring and strategic planning.

-- In February, Tirex filed in Delaware to raise its common share
authorization from 250 million shares (issued and outstanding)
to one billion shares and add a new category of blank check
preferred shares, with an authorization of 100 million shares,
issuable in series. A first Series A was designated with an
authorization of 3 million shares.

Tirex President and CEO, John L. Threshie Jr., offered, "This
action was taken for many reasons, primarily, however, for the first
time in 6 years to be able to offer TCS Facility investors an equity
position in Tirex to further enhance the already attractive projected
returns of the TCS Facility operations."

-- In April, Tirex entered into a Settlement Agreement with
Sequoia International to effect a debt conversion deal under
Securities Act Paragraph 3(a)10.

-- In May, Continental Stock Transfer and Trust Company in New
York City, was reinstated and is also assisting in Tirex's
efforts to service its shareholders and brokers.

-- Tirex is currently being audited by Moore & Associates,
Chartered Accountants and Advisors, PCAOB Registered, based in
Las Vegas, Nevada, for the Corporation's annual financial
statements for the fiscal years ended June 30, 2004, 2005,
2006 and 2007. Tirex will then file amended 10-KSB documents
in order to once again become a fully reporting company.

Threshie added, "In the meantime, we continue to actively pursue
TCS Facility projects in North America, as well as our manufacturing
partner, Simpro S.p.A. of Torino, Italy (simpro.it), continues its
negotiations with companies in Europe, the Middle East, Asia and
Australia."

The Tirex Corporation, Stratford
John L. Threshie Jr., 203-522-3247
info@tirex-tcs.com
www.tirex-tcs.com
www.equitydigest.com

Copyright Business Wire 2008