Mr. Steve Williams reports

PASINEX RESOURCES DOUBLES PRODUCTION TO 60 TPD WITH LATEST LOT SALE OF 38% ZINC MINERAL PRODUCT FROM PINARGOZU MINE

Pasinex Resources Ltd. has completed another lot sale of 1,556 tonnes wet weight (1,463 tonnes dry weight) of high-grade zinc mineral material (at approximately 38 per cent Zn) from the Pinargozu zinc mine in Adana province, Turkey. This lot represents a doubling of tonnage produced and over 1.2 million pounds of contained zinc metal. The Pinargozu mine is included in the 50-50 company, Horzum Arama Isletme AS, which is a corporate joint venture between Pasinex and Turkish mining house Akmetal Madencilik San ve Tic AS.

Steve Williams, president and chief executive officer of Pasinex, commented: "With this latest lot sale, we continue to improve the stability and predictability of our operation. By doubling mine production to approximately 60 tonnes per day, the Horzum AS JV company is in a cash flow positive scenario which is where every mining company wants to be -- and we're there! An advancing zinc price and our increase in tonnes produced is a great way to begin our second full year of production."

Pasinex Resources also announced the vice-president of exploration, Clinton Smyth, has resigned from this role to pursue other options. Mr. Williams commented: "Clinton made a great contribution to Pasinex in our formative years and in guiding our early property acquisitions. We wish him the best in his next endeavour."

We seek Safe Harbor.