Redex Inc.
TSX VENTURE : RDX
FRANKFURT : W1F

Redex Inc.

February 29, 2008 14:00 ET

Guy Descoteaux Announces his Participation in Redex Inc.

MONTREAL, QUEBEC--(Marketwire - Feb. 29, 2008) - Guy Descoteaux announced today that he sold privately and indirectly through 9042-6792 Quebec Inc. the participation of 1,000,000 Common shares of Redex Inc. (TSX VENTURE:RDX)(FRANKFURT:W1F) (hereinafter, "Redex") at the price of $0.20 per shares. On a diluted and non-diluted basis, this holding represents 4.73% of Redex's Common shares issued and outstanding as at February 29, 2008.

As of this day, following this sale of 1,000,000 Common shares, Guy Descoteaux holds directly and indirectly, 6,698,298 Common shares of Redex. On a diluted and non-diluted basis, Guy Descoteaux therefore directly and indirectly holds 31.68% of Redex's Common shares issued and outstanding as at February 29, 2008.

Redex Inc.'s Common shares are listed on the TSX Venture Exchange under the symbol RDX and on the Frankfurt Stock Exchange under the symbol W1F.

The Redex securities held directly and indirectly by Guy Descoteaux are held for investment purposes. Such investment will be periodically reviewed and Guy Descoteaux's holding may be increased or decreased in the future.

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

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