Prominex Resource Corp.

Prominex Resource Corp.

November 21, 2007 09:47 ET

Prominex to Commence Tulks Hill Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2007) - Prominex Resource Corp. (TSX VENTURE:PXR) (Prominex) announced today that it has entered into a contract with Cartwright Drilling Inc. to commence drilling on the Buchans River Ltd.'s (TSX VENTURE:BUV) (Buchans River) Tulks Hill Property (Property).

Prominex has earned a 51% interest in the Property under an agreement between Prominex and Buchans River. The agreement provides that Prominex will be the operator of an unincorporated joint venture to be formed by the parties to operate the Property. Agreement on a program description, schedule and budget has been reached between Prominex and Buchans River and further drilling on the Property will be carried out immediately while they work to finalize the terms of a formal joint venture agreement.

The current drill program has been planned based on recommendations from and, in consultation with Scott Wilson RPA (RPA), a diversified consulting engineering firm. The program will be under the direct supervision of Mr. Paul O'Brien, P. Eng. and Mr. Denis Walsh, P. Geo. 25 holes will be drilled totaling 2650 metres. It is anticipated that this program will enable RPA to prepare a NI-43-101 resource estimate on the T3 lens and outline additional diamond drilling required to compile a resource estimate on the total Property. In 1980, an internal company report prepared by ASARCO geological staff reported a total inferred Property resource of 730,000 tonnes grading 5.5% Zn, 2.1% Pb, 1.1 % Cu, 45 g/t Ag and 0.4 g/t Au.


Lorne King, President and CEO

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as expects, "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur.

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