Merrex Gold Inc.
TSX VENTURE : MXI

Merrex Gold Inc.

September 04, 2007 10:07 ET

Merrex Gold Exploration Update

HALIFAX, NOVA SCOTIA--(Marketwire - Sept. 4, 2007) - Merrex Gold Inc. ("Merrex") (TSX VENTURE:MXI) is pleased to provide shareholders with the following exploration update.

"In response to numerous shareholder inquiries, I am pleased to provide this update on all of our exploration projects" commented Merrex President and CEO Greg Isenor, P. Geo. "We are sticking with our plan of finding and acquiring substantial land packages in areas of excellent geological potential and then exploring them aggressively. We have made a gold discovery at our Siribaya Gold Project in West Africa and increased the size of the Jubilee Zinc-Lead Project deposit in Nova Scotia, Canada. Exploration results on our other projects are very encouraging. The Merrex management team also wants to take this opportunity to thank our shareholders for their continuing support."

Siribaya Gold Project, West Mali

A Phase I diamond drilling program of 25 holes aggregating 3,666 meters has been completed at Siribaya. The Phase I core drilling program confirmed gold mineralization present in excess of 100 metres in depth and confirmed earlier surface geochemical and RAB drilling results. Assays from the first 18 holes include intersections as high as 2.92 g/t Au over 34.0 metres including two sections of 14.4 g/t Au over 2 metres and 2.81 g/t Au over 11.0 metres; 2.82 g/t Au over 12.0 metres and 9.62 g/t Au over 6.0 metres including two sections of 44.56 g/t Au over 1 metre and 11.35 g/t Au over 1 metre. (see news release August 1, 2007). Results from the balance of the holes will be released once compilation is complete. Additional geochemical surveying has also been completed in other areas of the Siribaya property and those results will be released as soon as data compilation and mapping is completed. A Phase II core drilling program is planned for September, 2007.

Jubilee Zinc-Lead Project, Cape Breton, Nova Scotia

The 2006-2007 diamond drilling program at Jubilee is complete with 47 holes aggregating 14,471 metres drilled to date. The Jubilee Main Zone has been extended to 2000 metres in length and step-out holes outside of the Jubilee Main Zone have encountered strong zinc-lead mineralization. Assays from the first 18 holes include intersections as high as 21.16% zinc-lead over 2.7 metres including 41.39% zinc-lead over 1.2 metres. (see news release May 29, 2007). Results from the balance of the holes are expected to be available in early September, as soon as compilation is completed. Preparation of a NI43-101 compliant resource estimate of the Jubilee Zinc-Lead Deposit is underway.

Cape Breton Regional Zinc Project, Cape Breton, Nova Scotia

Four claim blocks, Middle River, Baddeck Forks, River Denys and West Bay, identified as having Jubilee-type zinc-lead mineralization were staked. Initial prospecting, geological mapping, sampling and geochemical surveying is underway and prospective drill targets identified in several areas. Diamond drilling has commenced at the Middle River property and diamond drilling of additional selected targets on other areas will follow. Drill results will be released as soon as they are available.

West Voisey's Bay Nickel Joint Venture, Labrador

A diamond drill program budgeted at $1.5 million is underway. Two deep holes have been completed and down-hole geophysics is planned. Merrex owns 50% of the West Voisey's Bay Joint Venture Nickel project. Celtic Minerals is the owner of the other 50% of the project and the joint venture operator. Results will be released as soon as they are received.

Birch-Uchi Gold Project, Red Lake District, Ontario

A budgeted $300,000 exploration program of geological mapping, stripping and sampling, line-cutting, trench sampling and geochemical surveying over seven claim blocks is underway. The seven property Birch-Uchi Gold Project includes the Shabumeni, East Swain, Shabumeni River, Skinner, Women River, Premier Lake and Confederation Lake properties. The current program includes 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). Results will be released as soon as they are available.

Hungry Hill Base Metal-Gold Joint Venture, Newfoundland

A $400,000 combined exploration program of prospecting, mapping and ground geophysical work is underway the Hungry Hill and Sutherlands Pond properties in Central Newfoundland. Merrex holds a 50% interest in the Hungry Hill Property. Celtic Minerals is the owner of the other 50% of the project and the joint venture operator. Results will be released as received.

Sutherlands Pond Base Metal-Gold Joint Venture, Newfoundland

A $400,000 combined exploration program of prospecting, mapping and ground geophysical work is underway the Hungry Hill and Sutherlands Pond properties in Central Newfoundland. Merrex holds a 50% interest in the Sutherlands Pond Property. Celtic Minerals is the owner of the other 50% of the project and the joint venture operator. Results will be released as received.

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.

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