Contact: John L. Threshie, Jr.

The Tirex Corporation

(OTC BULLETIN BOARD "TXMC")
Tel: (514) 933-2518    Fax: (514) 933-6368

TIREX ANNOUNCES SUCCESSFUL OPERATION OF
FULLY INTEGRATED TCS-1 PLANT

MONTREAL, CANADA, December 10, 1998 The Tirex Corporation (OTC BULLETIN BOARD "TXMC") announced today that for the past two weeks, it has been successfully operating the first fully integrated TCS-1 Plant on a continuous-running basis for scheduled periods of up to four hours. The TCS-1 Plant is a "turn-key", automated, cryogenic scrap tire recycling system designed and manufactured by Tirex, which breaks down used tires into cleanly separated and re-saleable rubber crumb, steel wire, and fiber. Todays announcement marks the completion of certain modifications to the Plant, which Tirex had identified in earlier tests, and the successful continuous operation of a fully integrated TCS-1 Plant utilizing a single freezing tower and a single fracturing mill. Final assembly of the Plant will integrate a second freezing tower and fracturing mill.

Terence C. Byrne, Tirexs president, stated that results of these initial operations indicated that the TCS-1 Plant produces "the cleanest ground rubber weve seen being offered in the market today." Tirexs engineering firm, Beaudoin, Hurens and Associates, Inc., of Montreal, Canada, had advised Tirex that the Plant should be capable of running twenty-four hours per day before Christmas and that it is already producing "very high quality crumb rubber as expected."

Tirex has taken orders for fourteen TCS-1 Plants, based upon which it has a present backlog of $41,750,000. Although such backlog may be used as a guideline in determining the value of orders received, it is subject to change by reason of several factors including possible cancellation of orders, change in the terms of the contracts, and other factors beyond Tirexs control and should not be relied upon as being necessarily indicative of the revenues or profits which Tirex might ultimately realize from such orders. The ultimate consummation of a sale pursuant to any order included in the backlog will be entirely depended upon the TCS-1 Plants continuing to meet all performance expectations, each customers obtaining lease or other financing as well as all required permits and licenses, and Tirexs obtaining sufficient production financing and capacity to meet delivery requirements.

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