Tiex Inc. announced the management changes. Terry Severs, a director of the Company, has been appointed as Interim President and CEO. He succeeds Ken Faulkner, who was removed as President and CEO by the Board of Directors on September 11, 2012.

In addition, Tom Martin has been removed from his position as Corporate Secretary and CFO. Diana Mark has been appointed to act as Interim Corporate Secretary. Both Mr. Faulkner and Mr. Martin have decided to remain as directors.

Furthermore, effective September 13, 2012, Mr. Faulkner and Mr. Martin have been removed as directors from Bullion Gold Corp. Mr. Severs has replaced Mr. Faulkner as President and CEO of Bullion Gold Corp.