September 12, 2007 11:16 ET

Exploration Program Update

MONTREAL, QUEBEC--(Marketwire - Sept. 12, 2007) - Namex (TSX VENTURE:NME) is pleased to announce that it has recently closed a $1,139,200 private placement and with these funds will continue exploring four of its most promising properties in Ontario; three located within the Sudbury nickel camp - The Golden Pine, The Post Creek and The Woods Creek - and one - The Huffman - south of the Timmins area. All four properties have returned some excellent, if not spectacular, assay results of gold, silver, platinum group metals ("PGM"), copper, nickel, lead, zinc and antimony. There is uranium mineralization on three of the properties.

Namex's technical team, headed by Oliver T. Maki, instrument 43-101 qualified person, is in the field beginning an aggressive exploration program on its 624 hectare/1,560 acre Huffman project. A base camp has been set up and an excavator is at work. Drilling is expected to begin in early October.

Grab samples taken late last year from four trenches on The Huffman property 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 December 14, 2006 news release). A subsequent Mobil Metal Ions (M.M.I.) geochemical survey identified a mineralized zone measuring 300 x 200 meters (1,000 x 650 feet) that is open to the east and to the west. In addition to base and precious metals, molybdenum, tantalum, tungsten and uranium mineralization has been identified by MMI.

Namex will also be working on its three Sudbury properties that abut and are totally surrounded by claims held by INCO - recently acquired by Companhia Vale do Rio Doce ("CVRD"), Falconbridge - acquired by Xstrata, Wallbridge, FNX, Ursa Major and Champion Bear.

1) The Golden Pine's greenstone host rocks, complex structure and high grade gold assays resemble Goldcorp's Red Lake Gold Mine. Namex's grab and channel samples returned grades of up to 182 grams of gold and 122 grams of silver per ton. Historical drill holes and sampling programs have returned multi ounce gold and silver grades per ton. (See Press Release - Namex web site).

2) The Post Creek is on strike with and abuts the Whistle offset dyke structure, which hosts FNX's Podolsky nickel, copper and PGM discovery. See FNX Sept. 5, 2007 news release - "This bore hole intersected 60 feet grading 25.6% copper, 1.6% nickel and 0.6 ounce per ton platinum, palladium and gold." This bore hole is within 2,000 feet of the FNX/Namex property line. Namex has established that the Whistle Offset structure extends some 1,800 feet across the Post Creek property and contains nickel, copper, PGM's and gold mineralization. The Post Creek also contains a large area of historic high grade zinc and copper mineralization with assays up to 9.72% zinc and 3.72% copper from outcrop rock samples. (See Press Release - Namex Web Site).

3) Drilling on The Woods Creek property encountered 7 meters (23 feet) of anomalous sulphide mineralization with up to 1.09% nickel, 0.85% copper and anomalous PGM's and gold. The Woods Creek, which abuts and is on structural trend with the Agnew Lake Uranium Mine, has uranium showings on its property. (See Press Release - Namex Web Site).

We will keep you posted on the program's progress and results. For further information, property descriptions and video interviews with the principals and technical team, please visit Namex's full due diligence web site:

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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