Merrex Gold Inc.
TSX VENTURE : MXI

Merrex Gold Inc.

August 15, 2007 10:09 ET

Merrex Gold Exploration at the Birch-Uchi Gold Project, Red Lake, Ontario Pursues 22 g/t, 24 g/t and 30 g/t Au Grab Samples

HALIFAX, NOVA SCOTIA--(Marketwire - Aug. 15, 2007) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX VENTURE:MXI) announces that Merrex is continuing its gold exploration program at its Birch-Uchi Gold Project in the Red Lake district of Ontario.

"Merrex's Birch-Uchi Gold Project is still at an early stage of exploration compared to our more advanced Siribaya Gold discovery in Mali. However, the quartz vein grab samples of up to 22 g/t, 24 g/t and 30 g/t Au suggest that Birch-Uchi has real potential" commented Merrex President and CEO Greg Isenor, P. Geo. "Therefore, Merrex has initiated an exploration program of line cutting, prospecting, geological mapping, stripping old trenches, locating old showings and sampling over several areas of interest. This may be followed by detailed exploration and diamond drilling if warranted."

The Birch-Uchi Gold Project is comprised of seven claims groups totalling 230 individual claims located approximately 80 kilometres east-northeast of the town of Red Lake, Ontario. Individually, the properties are known as: Shabumeni (118 claims), East Swain (16 claims), Shabumeni River (16 claims), Skinner (32 claims), Women River (30 claims), Premier Lake (9 claims) and Confederation Lake (9 claims). The main area of interest at this time is the Shabumeni group where Merrex has increased its land position to cover several showings.

Consistent with Merrex's philosophy of acquiring large land positions with excellent geology in areas of proven potential, the seven properties in Merrex's Birch-Uchi Gold Project cover a geological environment similar to that of the prolific Red Lake gold belt.

For a map of Birch-Uchi Gold Project see our website at www.merrexgold.com.

The 2007 summer/fall exploration program is budgeted at $300,000 and includes further geological mapping, stripping and sampling, line-cutting, trench sampling and geochemical surveying over the seven claim blocks including follow-up sampling of sulphide-rich quartz veins at historic showings on the Shabumeni property which returned gold anomalous values as high as 22 g/t, 24 g/t and 30 g/t Au and at other areas of known mineralization. (see news release February 13, 2007). Merrex anticipates that further claims may be added to the current land position.

Merrex Gold is a mineral resource exploration company focused on exploration for gold in West Mali, Africa, zinc in Cape Breton, Nova Scotia, nickel in West Voisey's Bay, Labrador, and gold in Red Lake, Ontario, 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.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.

Contact Information

  • Merrex Gold Inc.
    Greg Isenor
    President & CEO
    (902) 832-5555
    or
    Merrex Gold Inc.
    John Cumming
    Executive Vice-President
    (604) 618-4262
    (604) 688-3348 (FAX)
    Email: info@merrexgold.com
    Website: www.merrexgold.com