Corex Gold Corporation

Corex Gold Corporation

August 14, 2007 06:00 ET

Corex Commences 12,000 m Drill Program on Caliche Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 14, 2007) - Corex Gold Corp. (the "Company") (TSX Venture:CGE) is pleased to announce that a 12,000 m reverse circulation drill program has commenced on the Caliche Property located in Sonora State, Mexico. Corex holds the rights to acquire a 100% interest in 13 contiguous mining concessions consisting of approximately 1,500 hectares. The Property has numerous historic small-scale gold mining operations, past production is unknown. The company has awarded the drill contract to Layne Drilling of Hermosillo, Mexico.

The drill program is targeting excellent results received from the exploration work completed during 2006-2007, which included extensive rock-chip and channel sampling as well as detailed mapping throughout the property. To date, over 1500 rock-chip samples have been collected and assayed, the results identify a system capable of creating mineralized zones of economically significant grade. The exposed aerial extent of the system is in excess of 6 square kilometers.

The Caliche Property is prospective for low sulfidation, epithermal gold-silver deposits, and intrusive-related precious metal and polymetallic deposits. The project hosts structurally and stratigraphically controlled zones of gold-silver mineralization hosted by diorite, granodiorite, siltstone, and arenite. These mineralized zones form potentially bulk mineable stockwork, and planar, mineralized structures or veins.

Alan D. Hitchborn, Vice President-Exploration, manages Corex's exploration and development programs. Matthew D. Gray, Ph.D., C.P.G., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.


Craig D. Schneider, President & CEO

The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.'s filings with the appropriate securities commissions.

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

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