Adex Update on Corporate Activities, Definitive Feasibility Study and New Drilling Underway

Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) is pleased to
provide an update on corporate activities including the appointment of Patrick
Merrin as Chief Operating Officer. Adex also reports that the definitive
feasibility study ("DFS") for its wholly owned Mount Pleasant Mine property and
additional drilling are now underway. 


PATRICK MERRIN APPOINTED AS CHIEF OPERATING OFFICER

Adex has appointed Patrick Merrin as Chief Operating Officer ("COO"). Among his
initial responsibilities, Mr. Merrin will oversee completion of the DFS for
Mount Pleasant, which has now commenced. 


Mr. Merrin holds a bachelor's degree in chemical engineering from McGill
University and a Master's of Business Administration from the University of
Toronto's Rotman School of Business. He is a metals and mining executive with
more than 15 years of operations, business and engineering experience in
multiple countries. His background includes management and executive-level
positions with Xstrata Nickel and metals manufacturer Lucas Milhaupt (Handy &
Harman), working in both Canada and Europe. Mr. Merrin's leadership positions
built on his earlier experience as both a zinc and copper smelter process
engineer, and senior plant metallurgist. Mr. Merrin has also held progressively
senior mine foreman roles with Hudbay Minerals Inc. operations in Flin Flon,
Canada. 


"Patrick brings a tremendous amount of operating experience in a variety of
metals and mining environments to Adex and we are pleased to welcome an
executive of his calibre to the Company," said Linda Lam Kwan, interim President
and Chief Executive Officer for Adex.


FEASIBILITY STUDY COMMENCES AT MOUNT PLEASANT

Adex has commenced a flowsheet definition study and a mine dewatering plan as
part of a DFS on the company's Mount Pleasant Mine property. Thibault &
Associates Inc. of Fredericton, New Brunswick has been engaged to conduct the
studies.


The Mount Pleasant property includes two potentially economic mineral deposits -
the tin-indium-zinc North Zone and the tungsten-molybdenum Fire Tower Zone - and
is located in south-western New Brunswick, Canada. Both resource estimates are
compliant with Canada's National Instrument 43-101 (NI 43-101), Standards of
Disclosure for Mineral Projects.


The Mount Pleasant DFS will help Adex prepare for a potential production
decision by the end of 2012 and full production in 2014. 


ADDITIONAL DRILLING UNDERWAY AT MOUNT PLEASANT

Adex commenced a new 7,000-metre diamond drilling program at Mount Pleasant in
August. More than half of this new drilling is focused on the North Zone deposit
to add additional resources to the previously outlined NI 43-101 resource
estimates and acquire core for metallurgical testing. Adex has accelerated this
program with the use of two drills and expects the program to be completed by
mid-November and an updated 43-101 by year end.


The total Sn-In-Zn NI 43-101 resource estimate presently includes an indicated
resource of 10,882,700 tonnes grading 0.43% Sn, 67.8 g/t In and 0.67% Zn plus an
inferred resource of 7,602,800 tonnes grading 0.22% Sn, 74.6 g/t In and 0.99% Zn
completed in May 2009. These resource estimates are expected to be revised
upwards, based upon the results of both the 2010 and 2011 drill programs, when
an updated NI 43-101 technical report on the North Zone is completed in late
2011 or early 2012. 


GRANTS OF OPTIONS

The Company has also granted the following options to purchase common shares to
directors and management of the Company:




- 2,350,000 options with an exercise price of $0.15 expiring August 15, 2016
- 250,000 options with an exercise price of $0.13 expiring September 18,    
2016                                                                        
- 250,000 options with an exercise price of $0.14 expiring October 17, 2016 



ABOUT ADEX

Adex Mining Inc. is a Canadian junior mining company with an experienced
management team. The Company is focused on developing its flagship Mount
Pleasant Mine property, a multi-metal project that is host to promising
tungsten-molybdenum and tin-indium-zinc mineralization. Located in Charlotte
County, New Brunswick, the Mount Pleasant Mine property is 80 kilometres south
of Fredericton, the provincial capital, and 65 kilometres from the United States
border. The common shares of Adex trade on the TSX Venture Exchange under the
stock symbol "ADE".


No securities commission or regulatory authority has approved or disapproved the
contents of this press release.


FORWARD-LOOKING STATEMENTS

Certain statements in this press release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of Adex, its
subsidiary or the industry in which they operate to be materially different from
any future results, performance or achievements expressed or implied by such
forward-looking statements. When used in this press release, the words
"estimate", "believe", "anticipate", "intend", "expect", "plan", "may",
"should", "will", the negative thereof or other variations thereon or comparable
terminology are intended to identify forward-looking statements. Such statements
reflect the current expectations of the management of Adex with respect to
future events based on currently available information and are subject to risks
and uncertainties that could cause actual results, performance or achievements
to differ materially from those expressed or implied by those forward-looking
statements. These risks and uncertainties are detailed from time to time,
including, without limitation, under the heading "Risk Factors", in reports
filed by Adex with the Alberta, British Columbia and Ontario Securities
Commissions which are available at www.sedar.com and to which readers of this
press release are referred for additional information concerning Adex, its
prospects and the risks and uncertainties relating to Adex and its prospects.
New risk factors may arise from time to time and it is not possible for
management to predict all of those risk factors or the extent to which any
factor or combination of factors may cause actual results, performance and
achievements of Adex to be materially different from those contained in
forward-looking statements. Although the forward-looking statements contained in
this press release are based upon what management believes to be reasonable
assumptions, Adex cannot assure investors that actual results will be consistent
with these forward-looking statements. Given these risks and uncertainties,
investors should not place undue reliance on forward-looking statements as a
prediction of actual results. The forward-looking information contained in this
press release is current only as of the date of the press release. Adex does not
undertake or assume any obligation to release publicly any revisions to these
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events, except as required
by law.
Adex Mining (TSXV:ADE)
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