Micrex Development Corp.
TSX VENTURE : MIX

Micrex Development Corp.

October 30, 2009 07:00 ET

Micrex Development Corp.: No Federal Environmental Assessment Required

EDMONTON, ALBERTA--(Marketwire - Oct. 30, 2009) - Micrex Development Corp. ("Micrex" or the "Corporation") (TSX VENTURE:MIX) today provided an update on its Burmis magnetite project in south western Alberta. As a result of extensive studies and work by consultants and scientists undertaken on behalf of Micrex over the past 3 years, it has received confirmation from the Canadian Environmental Assessment Agency (CEAA) that no Federal Environmental Assessment will be required.

The CEAA decision reflects a multi department review of the project including site visits by relevant departments like the Department of Fisheries and Oceans.

This is an important decision and parallels the decision by Alberta Environment (AENV), announced in a press release on Sept.3, 2009 that the Province has determined that no Environmental Impact Assessment will be needed.

Stan Marshall, President of Micrex, stated "We are pleased that the many thousands of man hours and hundreds of thousands of dollars that we have spent on this process to date has brought us to this position, where the jobs promised the local economy can soon be realized, where a local made-in-Canada supply of magnetite can be available to our customers, and where our shareholders can see some reward for their patience."

"Micrex can now move forward with a detailed survey of the project area in preparation for applying for local development permits for the quarry, plant site and associated access. Both the AENV and CEAA will have continued input and oversight of the project, but we are confident that our project will have a minimal impact on both the local environment and our neighbours."

MICREX DEVELOPMENT CORP.

Burmis Magnetite/Titanium Property • St. Charles de Bourget Magnetite/Titanium Property • Fort Steel Placer Property • Bighorn Gold Mine • Banks Gold Mine • Mount Royal Gold Mine • Deadwood Gold Mine • Sunburst Gold Property

FORWARD LOOKING STATEMENTS

Certain statements in this news release are "forward-looking statements", which reflect management's expectations regarding its property and business operations. All statements other than statements of historical fact contained in this news release are forward-looking statements. Such forward-looking statements involve risks and uncertainties, as they reflect management's current beliefs and are based on information currently available to management. Actual results may differ materially from those anticipated in the statements made. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made as of the date of this news release and Micrex assumes no obligation to update or revise them to reflect new events or circumstances except as expressly required by applicable securities law. Further information regarding the uncertainties and risks can be found in the disclosure documents filed by Micrex with the securities regulatory authorities, available at www.sedar.com.

SEC 12 g (3) Exemption 82-4281

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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