October 11, 2007 10:49 ET

Exploration Program Update

MONTREAL, QUEBEC--(Marketwire - Oct. 11, 2007) - Namex's (TSX VENTURE:NME) newly acquired Boyles BBS-15 diamond drill arrived at the Huffman property on September 28th. The first drill hole is on trench "B", one of the four trenches where grab samples late last year returned spectacular assay grades of up to 54.2 grams of gold, 1,620 grams of silver, 8.63% copper, 12.6% lead, 2.3% zinc and 5.94% antimony per ton. (See news release of November 15, 2006 for full range of assays).

The rock encountered in the first drill hole is siliceous intrusive quartz porphyry with finely disseminated sulphides, historically considered a good host rock for gold in the Swayze Gold Belt. Once completed, all drill sections from this hole will be sent out for assay.

All activity required to compile and consolidate sound exploration data is underway. Excavation and washing of stripped areas are essentially completed. Detailed mapping of these areas is in process. Several channels will be cut and sampled across the exposed formations to determine if the associated fine sulphides might be hosts for gold. The total width in places is over tens of meters and if the mineralized zones indicate the presence of gold, this could represent the possibility of bulk minable reserves. A further opinion on the significance of the mineralization encountered has been obtained through collaborative discussions and examination by a highly respected international consultant.

Further developments will be updated as they become known. In the interim, you may enjoy the photos of the Huffman Camp and Namex personnel by going to the Namex web site - under Properties, Ontario, Huffman Property.

Oliver T. Maki is the qualified person overseeing the Namex exploration programs and has approved this press release.

This release was prepared by the Company's management who take full responsibility for its contents. Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. The company disclaims any obligation to update forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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