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File: July 2013 debt settlement draft FINAL.docx

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NEWS RELEASE

Merrex Gold Share Placement to IAMGOLD

HALIFAX, NOVA SCOTIA -- (July 19, 2013) - Greg Isenor, President and CEO of Merrex Gold Inc.  ("Merrex") (TSX Venture:
---> MXI) announces:

Share Placement with IAMGOLD Corporation

Merrex has arranged a shares-for-debt settlement with one creditor. IAMGOLD Corporation has agreed to subscribe for 6,
--->666,667 shares at a price of $0.06 per share to settle $400,000 of debt relating to the 2012 Siribaya Gold Project joi
--->nt venture exploration program.  The remaining balance of debt relating to the 2012 Siribaya Gold Project joint ventur
--->e exploration program will be paid in cash concurrently with the issuance of the shares. The issuance of the shares wi
--->ll increase IAMGOLD's shareholding in Merrex from 17,616,883 shares (14.8%) to 24,283,550 (19.34%). 

The shares are subject to a four month hold period from the date of issuance. The debt settlement is subject to regula
--->tory approval.

About the Siribaya Gold Project

The Siribaya Gold Project is a 50/50 joint Merrex-IAMGOLD advanced-stage gold exploration project in West Mali compris
--->ed of approximately 910 square kilometres of gold-prolific exploration permits and permit applications pending.  Explo
--->ration of the Siribaya Gold Project is conducted under a joint management committee.  Expenditures to date on the Siri
--->baya Project total approximately $35 million. 

The Siribaya Gold Project  presently hosts a NI 43-101 compliant gold resource estimated at 303,900 ounces grading 2.3
--->4 g/t Indicated, and 301,400 ounces grading 2.17 g/t Inferred (July 31, 2012 ACA Howe International Limited); the depo
--->sit areas are open to the north, south and at depth. Numerous other gold-anomalous target areas have been identified b
--->y geochemistry and require drilling. 

Gregory P. Isenor, P. Geo., is the Qualified Person as defined under NI 43-101 who has reviewed and is responsible for
---> the technical information presented in this news release. 
Merrex is primarily a West African focused gold exploration company with experienced management, a solid exploration t
--->eam, a prominent gold-producer as a partner and an expanding gold resource ... a winning combination offering investor
--->s an extraordinary opportunity.  
For further details about the Company's exploration activities or to view the most recent corporate presentation visit
---> Merrex's website at www.merrexgold.com.  

To be added to Merrex's email contact list please email your request to info@merrexgold.com. 
On Behalf of the Board  Gregory Isenor, P.Geo.  President & CEO   Merrex Gold Inc.  1550 Bedford Highway  Suite 802, S
--->un Tower  Bedford, NS B4A 1E6  Tel.: (902) 832-5555  Fax: (902) 832-2223 
info@merrexgold.com
   This press release includes certain statements that may be deemed "forward-looking statements". All statements in t
--->his release, other than statements of historical facts, that address future exploration drilling, exploration activiti
--->es and events or developments that the Company expects, are forward-looking statements. Although the Company believes 
--->the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are
---> not guarantees of future performance and actual results or developments may differ materially from those in forward-l
--->ooking statements. Factors that could cause actual results to differ materially from those in forward-looking statemen
--->ts include market prices, exploitation and exploration successes, continued availability of capital and financing, and
---> general economic, market or business conditions.   Neither the TSX Venture Exchange nor its Regulation Services Provi
--->der (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or a
--->ccuracy of this release.