Adex Mining Inc.

Adex Mining Inc.

November 29, 2007 08:32 ET

Adex Mining Secures Approval to Operate for Mount Pleasant

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2007) - Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) is pleased to announce that the Minister of Environment for the Province of New Brunswick has rescinded the outstanding April 27, 1999 Ministerial Order (the "Ministerial Order") with respect to the Company's Mount Pleasant Mine Property (the "Property") and has issued an Approval to Operate. The nature of the now rescinded Ministerial Order is fully described in the Company's Management Information Circular dated March 22, 2007 which is available on

"The granting of the Approval to Operate by the Province of New Brunswick is an important milestone for Adex as it constitutes a significant step in advancing the development of the Mount Pleasant Mine Property", said Kabir Ahmed, President and CEO of Adex. "The Approval to Operate is a vote of confidence by the Government of New Brunswick that the Company should be permitted to proceed on its pathway to mineral production at its past-producing Mount Pleasant Mine Property. It is the first, and very necessary, regulatory step leading towards resuming mineral production."

The Approval to Operate, which is valid until September 30, 2012, permits the Company to conduct exploration and metallurgical bench scale activities on the Property; operate the mine water treatment plant; repair and upgrade the tailings dam and mine site infrastructure; and carry out any other related and approved activities on the Property.

The Approval to Operate does not permit dewatering of the mine or underground mine operations at this stage. However, as the Company advances on its planned, and previously announced, exploration, feasibility and mine development programs, it will initiate the process of obtaining regulatory approval for dewatering and to re-start mining operations.


Adex Mining Inc. is a Canadian junior mining company with an experienced management team. The Company is focused on developing its flagship Mount Pleasant Mine Property, a multi-metal project that is host to promising tungsten-molybdenum and tin-indium-zinc mineralization. Located in Charlotte County, New Brunswick, Mount Pleasant is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol "ADE".


Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Adex, its subsidiary or the industry in which they operate to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current expectations of the management of Adex with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those expressed or implied by those forward-looking statements. These risks and uncertainties are detailed from time to time, including, without limitation, under the heading "Risk Factors", in reports filed by Adex with the Alberta, British Columbia and Ontario Securities Commissions which are available at and to which readers of this press release are referred for additional information concerning Adex, its prospects and the risks and uncertainties relating to Adex and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of Adex to be materially different from those contained in forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Adex cannot assure investors that actual results will be consistent with these forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

The forward-looking information contained in this press release is current only as of the date of the press release. Adex does not undertake or assume any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

No securities commission or regulatory authority has approved or disapproved the contents of this press release.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

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