Triex Minerals Corporation - Stony Road Project

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Athabasca Basin

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Regional Magnetics

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The Athabasca Basin, a region located in parts of Saskatchewan and Alberta, is known for excellent geological structures that host a number of world class uranium deposits with extremely high grades, profitable existing operations, available infrastructure, and a favourable permitting and development environment.

Stony Road Project

Latest News

On May 3, 2007 the Company announced it had entered into an Option/Joint Venture agreement with Magnum Uranium Corp. granting Triex the right to earn up to 70% of the Stony Road Project

Location

The Stony Road Property is in the eastern Athabasca Basin, approximately 40 kilometres northeast of, and along strike from, the Company's Pasfield Lake property on the northern extension of Highway 905 in the northeastern part of the Athabasca Basin in northern Saskatchewan. It is approximately 75 kilometres northwest of operating uranium mines at McClean Lake and Rabbit Lake, which are just east of the service hub of Points North on Highway 905.

Size

The Property consists of 15 contiguous mineral claims covering a total area of 73,996 hectares.

Ownership

Under the terms of the agreement, Triex can earn an initial 60% joint venture interest in the Property by making a cash payment of $25,000 and incurring $1,500,000 of exploration expenditures on or before April 30th, 2009. Triex can increase its interest to 70% by incurring an additional $1,500,000 of exploration expenditures on or before November 1st, 2011, and making an additional cash payment of $25,000. Upon completion of the earn-in requirements, a joint venture will be formed with Triex as Operator.

Triex will apply newly identified exploration potential from Pasfield Lake, located along strike to southwest, to advance the Property.

2007 Planned Exploration

Recent drilling by Triex at the nearby Pasfield project confirmed the presence of a basement uplift feature with more than 600 metres of vertical relief (see News Release dated May 1, 2007). The uplift feature is at the core of a prominent, eight kilometer in diameter magnetic low that is anchored by the regional, Cable Bay Shear Zone. Some 40 kilometres to the northeast, the Stony Road Property shares the same geological features with Pasfield; it is centered on a regionally prominent magnetic low approximately 12 kilometres in diameter and associated with the interpreted trace of the Cable Bay Shear Zone (see basin-scale magnetic intensity map).

Triex will advance the Stony Road Property based on the newly identified exploration at Pasfield Lake, and refined exploration model for the Cable Bay Shear Zone and associated magnetic features. Planned work includes a 3-D Full Tensor gravity gradient airborne survey to compliment the MEGATEM airborne EM survey already completed by Magnum (see News Release dated Sept. 5th, 2006), a ground-based AMT survey (audio-magnetotellurics) which was effective at delineating the Pasfield Lake uplift feature and Cable Bay Shear Zone, and detailed geochemical surveys and prospecting.

2007 Budget

A $500,000 exploration program is being planned for June and July.