Merrex Gold Inc.

Merrex Gold Inc.

October 22, 2007 09:30 ET

Merrex Drills New Zones on Jubilee Zinc Deposit

HALIFAX, NOVA SCOTIA--(Marketwire - Oct. 22, 2007) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX VENTURE:MXI) is pleased to announce that diamond drilling is underway at Merrex's 100% owned Jubilee Zinc Deposit.

"Merrex has resumed drilling on its 100% owned Jubilee Zinc Deposit" commented Merrex President Gregory Isenor. "The focus of the present program is to further expand the size of the Jubilee Deposit with particular focus on the newly discovered parallel zones where there is excellent potential to significantly increase the size of the Jubilee Deposit."

Merrex owns a 228 claim block located in Cape Breton, Nova Scotia. Prior diamond drilling (199 holes total including 55 holes by Merrex over the past two years) defined a mineralized zone over 2.1 kilometres long and open to the north (the Jubilee Main Zone) with recent drill intersections as high as 21.16% zinc-lead over 2.7 meters including 41.39% zinc-lead over 1.2 meters.

In addition, recent drilling intersected zinc-lead mineralization outside of the Jubilee Main Zone indicating the presence of two and possibly three additional mineralized zones. These new zones, including one to the east which yielded assays as high as 5.3% zinc + lead over 9.6 meters including 10.25% zinc + lead over 4.15 metres (Hole MJ-07-24), appear to run parallel to the Jubilee Main Zone but may also be controlled to some extent by cross structures. This type of parallel and cross faulting is common to carbonate-hosted zinc-lead deposits.

A NI43-101 compliant resource estimate is presently underway.

For further information on the recent diamond drill results see Merrex news release of September 10, 2007 or go to

Michael P. Cullen, P. Geo., of Mercator Geological Services Limited, is the supervisor of this program. The drill contractor is Logan Drilling of Stewiacke, Nova Scotia.

The Jubilee Property is subject to a 2% NSR of which 1% may be purchased for $1,000,000.

Merrex Gold is a mineral resource exploration company focused on exploration for gold in West Mali, Africa, zinc in Cape Breton, Nova Scotia, gold in Red Lake, Ontario and nickel in West Voisey's Bay, Labrador, with a solid organization of people and projects to enable continued aggressive exploration, discovery, and growth.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.


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