---

Tirex Knows No Reason for Stock Rise

11 August 1997

Tirex Knows No Reason for Stock Rise

    MONTREAL, Aug. 11 -- The Tirex Corporation has
noted an increase in both the trading volume and the market price of its
common stock on the OTC Bulletin Board, pursuant to which the high Ask price
rose from $0.17 a share on Thursday, August 7, 1997 to $0.48 as of l2:00 pm
EDT on Monday, August 11, 1997.  The Company is not aware of any facts or
circumstances that might reasonably explain the magnitude of such increases.
    The Tirex Corporation is building equipment for recycling used tires.

SOURCE  The Tirex Corporation