Micrex Development Corp.: St. Charles, Quebec Property Update

Micrex Development Corp. (TSX VENTURE:MIX) announces the commencement of an
exploratory drilling program on its magnetite deposit in Quebec.


The initial stage is for 21 holes, at 100 metre intervals. These holes will also
be angled and drilled in l00 metre lengths. One hole will be drilled vertically
to depth.


After these holes are drilled and studied, additional holes will be drilled at
50 and 25 metre spacing to meet the requirements for formal classification as
reserves. It is expected that the entire drilling program will be completed this
month.


Micrex has also shipped a 15 ton sample of material, crushed to 3/4 inch size,
to Newcastle, England for use in a pilot test of grinding machinery. This will
help in the design and construction of a plant to be built next year. The plant
will be used to make heavy media for the water purification industry in Quebec
and the U.S. Atlantic seaboard. It is estimated the demand from this market is
at least 90 thousand tons per year.


The Corem lab in Quebec City is currently testing a large rock sample from the
property to determine the best separation method, and to assist in the design of
the processing facility.


Micrex will advise further as results are tabulated.

This drilling program is under the direction of IOS Services Geoscientifiques Inc.

Micrex Development Corp. (TSX VENTURE:MIX) is a mineral exploration company
based in Alberta, Canada with mining properties in North America. Current focus
is on the St. Charles de Bourget magnetite / titanium / apatite property in
Quebec.


Visit www.mixcorp.com for further details. 

MICREX DEVELOPMENT CORP.

Burmis Magnetite/Titanium Property - St. Charles de Bourget
Magnetite/Titanium/Rare Earth Property - Fort Steele Placer Property - Bighorn
Gold Mine - Mount Royal Gold Mine - Deadwood Gold Mine - Sunburst Gold Property 


FORWARD LOOKING STATEMENTS

Certain statements in this news release are "forward-looking statements", which
reflect management's expectations regarding its property and business
operations. All statements other than statements of historical fact contained in
this news release are forward-looking statements. Such forward-looking
statements involve risks and uncertainties, as they reflect management's current
beliefs and are based on information currently available to management. Actual
results may differ materially from those anticipated in the statements made. The
forward-looking statements are expressly qualified in their entirety by this
cautionary statement. The forward-looking statements are made as of the date of
this news release and Micrex assumes no obligation to update or revise them to
reflect new events or circumstances except as expressly required by applicable
securities law. Further information regarding the uncertainties and risks can be
found in the disclosure documents filed by Micrex with the securities regulatory
authorities, available at www.sedar.com.

Micrex Development (TSXV:MIX)
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