Mr. S. Donald Moore reports

STARREX MINING ANNOUNCES DIRECTOR INCENTIVE STOCK OPTION GRANT

Incentive stock options totalling 50,000 shares have been granted to Charles Burns, a director of Starrex Mining Corp. Ltd.. The options are exercisable at 20 cents per share over a five-year term, fully vesting after three years, and starting as to 25,000 shares on the first anniversary date of the grant, and a further 25,000 shares on the second anniversary date of the grant. The stock option terms are defined in the company's shareholder-approved 2004 stock option plan.