Triex Minerals Corporation - Sandy Creek Property

Hornby Bay Basin Mountain Lake Project Sandy Creek Property Dismal Lake Project Kendall River Property Athabasca Basin Pasfield Lake Project Stony Road Project Mann Lake Project West Carswell Project Wollaston NE Project Old Fort Bay Project River Lake Project Highrock Project Alaska Boulder Creek Project

Hornby Bay Basin

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Mountain Lake Targets

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Triex Minerals Corp. operates five key projects in the Paleoproterozoic Hornby Bay Basin, which straddles the Nunavut/NWT border in northern Canada. Total area of the properties is more than 223,000 hectares. These properties, Mountain Lake, Dismal Lakes, West Dismal, Kendall River and Leith Peninsula, are owned 50:50 with Pitchstone Exploration Ltd. The Mountain Lake uranium deposit, the only defined uranium resource in the basin, anchors the holdings.

The deposit is 8.2 million pounds U3O8 (3,700 tonnes U3O8) inferred resource in 1.6 million tonnes, with an average grade of 0.23 percent U3O8 using a cut-off grade of 0.10 percent U3O8 and a minimum thickness of 1.0 metre (CIM guidelines and definitions)

Sandy Creek Property

Latest News

September 17, 2007 - 2007 Exploration Program Completed
2005 - Drill testing of the West Bear showing defined drill targets

Location

The Sandy Creek Property permits are situated approximately 50 km west of the Mountain Lake uranium deposit in western Nunavut, Canada.

Property Size

The Sandy Creek Property consists of 12 claims that total 30,990 acres. The property straddles the boundary between Nunavut and the Northwest Territories.

Ownership

Triex Minerals Corporation has a 50% interest in the Sandy Creek Property. Pitchstone Exploration Ltd. holds the remaining 50% interest.

2007 Planned Exploration

The total cost of the 2007 exploration program carried out on the collective Hornby Bay Basin projects from May to September 2007, was approximately $2.4 million. Work on the Sandy Creek Property included:

Boulder prospecting and collection of 473 soil samples

2006 Exploration Summary

No field work was done on the Sandy Creek Property in 2006.

2005 Exploration Summary

A remote, helicopter-assisted camp was established on the Sandy Creek Property in August 2005 to carry out a first-pass reconnaissance exploration program with a budget of $390,000. Work included:

81 line-km GEOTEM survey conducted by Fugro Airborne Surveys, at 300 metre line spacing, over a test area of the project.
GEOTEM was followed up by an airborne radiometric survey over the entire property that was completed by Triex.
Airborne radiometric anomalies were followed-up on the ground with geological mapping, prospecting and detailed scintillometer work.

History
Both Gulf Minerals Canada Ltd. and Uranerz Exploration and Mining Ltd explored the area for uranium from 1977 to 1979. Several uranium anomalies within sandstone (mostly boulders and frost heave) were discovered 30 - 50 km to the southwest of the Mountain Lake Deposit.
The permit area is in an area with similar geological and structural characteristics, which define Mountain Lake uranium deposit located to the northeast.