Mr. Gregory Isenor reports

MERREX GOLD SHAREHOLDERS APPROVE IAMGOLD AS NEW CONTROL PERSON; RECONNAISSANCE MAPPING AND SAMPLING OF KARITA

Merrex Gold Inc. has released the results of the annual general meeting held March 26, 2015.

Results of annual and special general meeting

The annual and special general meeting of shareholders of the company was held on March 26, 2015, in Halifax, N.S. At the meeting, shareholders approved all resolutions put before them by management including the election of all director nominees, the appointment of the auditor, the approval of the company's incentive stock option plan and Iamgold Corp. as a future control person.

Total voting shares

A total of 39,690,929 shares representing 25.51 per cent of the issued capital were voted at the annual meeting. No shares or proxies were disqualified.

          ELECTION OF THE BOARD OF DIRECTORS

Directors      Votes for            Votes withheld

Greg Isenor    36,092,330 (98.25%)  644,000 (1.75%)
John Cumming   36,092,330 (98.25%)  644,000 (1.75%)
Walter Henry   36,092,330 (98.25%)  644,000 (1.75%)
Jim Patterson  36,736,330 (100.0%)      100 (0.00%)

Iamgold approved as control person

In anticipation that the agreement in principle to settle outstanding exploration debt owed to Iamgold may result in Iamgold owning greater than 20 per cent of the company's issued shares, the shareholders approved the future contingency that Iamgold may become a control person.

Notwithstanding shareholder approval, the future debt settlement remains subject to compliance with TSX Venture Exchange policies and TSX-V approval. (See news release dated Jan. 27, 2015, for further details.)

Appointment of auditor

The shareholders reappointed Morgan LLP, Chartered Accountants, as the company's auditor and authorized the directors to fix the auditor's remuneration.

Incentive stock option plan

The shareholders approved the company's incentive stock option plan.

We seek Safe Harbor.