Mr. Craig Schneider reports

COREX SIGNIFICANTLY EXPANDS MINERALIZED FOOTPRINT AT SANTANA WITH THREE NEW ZONES

Corex Gold Corp. has completed its most recent mechanized trenching, mapping and sampling program on its 100-per-cent-owned Santana project in Sonora state, Mexico. The most recent program has dramatically increased the size and potential of this newly emerging gold-copper porphyry district. Herein is a brief description of the three new zones identified and where they lie in relation to the company's most recently drilled area, the Nicho zone.

New zone overview and highlights

Recent field mapping and surface sampling in the southern portion of the Santana project area have confirmed that potentially economic gold mineralization exists within three new zones.

Highlights from this fieldwork include a six-metre trench anomaly of 0.54 gram per tonne gold within a 20-metre-wide altered zone in the Santibanez area, a one-metre-wide outcrop sample of 6.73 g/t Au from the structural extension of the La Micha zone in the Seis Gramos area, and samples of 1.43 g/t Au, 1.83 g/t Au and 3.25 g/t Au associated with quartz tourmaline breccias and historic mine workings in the La Zata area.

These findings indicate that gold mineralization at Santana is dispersed over an area of at least four by five kilometres within a wide variety of geologic settings. These new areas have been prioritized as phase 1 targets for the company's upcoming drill program.

The project's position within a known porphyry-bearing belt lends support to the hypothesis that the mineralization discovered at Santana to date may be peripheral to and genetically related to an unexposed porphyry system.

Zata zone (four kilometres on strike to Main zone)

This 500-by-200-metre area of highly anomalous geochemistry is associated with a quartz-tourmaline-sulphide breccia body. The mineralization occurs at the contact between the host volcanics and a granodiorite intrusive. Sampling in the area has also shown high silver values of up to 457.6 g/t Ag.

Santibanez zone (three kilometres on strike to Main zone)

Road clearing and trenching here have revealed at least two subparallel mineralized shear zones, approximately 20 to 40 metres wide, and 250 metres apart. The shears are hosted in andesites and trend east-west underneath younger cover.

Seis Gramos zone (1.5 kilometres on strike to Main zone)

A road cut here has exposed the structural continuation of the La Micha zone one kilometre to the northwest. Trench samples indicate a mineralized shear zone from one to six metres wide, with gold values ranging from 0.3 g/t Au to 6.73 g/t Au.

Craig Schneider, president and chief executive officer, stated: "We are pleased with the positive results generated from the recently completed mapping, sampling and trenching program. Coupled with past drill data, the most recent findings have greatly increased the size potential of Santana, and confirm an emerging gold-copper porphyry district. A three-phase drill program has been designed to test these new targets, as well as build out our existing zones downdip, along strike and at depth."

Bruno Barde, PGeo, manages Corex's exploration and development programs, and is the qualified person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.

We seek Safe Harbor.