Merrex Gold Inc.

Merrex Gold Inc.

November 12, 2009 13:10 ET

Merrex Gold Inc. Retains Renmark Financial Communications Inc.

BEDFORD, NOVA SCOTIA--(Marketwire - Nov. 12, 2009) - Merrex Gold Inc. (TSX VENTURE:MXI) ("Merrex") is pleased to announce:

Investor Relations

Merrex has retained the services of Renmark Financial Communications Inc. ("Renmark") of Montreal to handle its investor relations activities.

"Merrex's Siribaya Gold Project has developed to the stage where it merits increased national and international attention" commented Gregory Isenor, President and CEO of Merrex Gold Inc. "After an intensive search including consultations within the financial and resource company communities, Merrex retained Renmark with the specific direction to begin immediately to increase Merrex Gold Inc's profile within the financial community and to enhance the visibility of our Siribaya Gold Project internationally. Since 2005 Merrex management focused on advancing the Siribaya Gold Project and committed to exploring Siribaya to its fullest potential. Merrex and its shareholders are now reaping the benefits of that commitment and we foresee Siribaya becoming one of Mali's great success stories. Renmark was selected to assist us with our investor relations activities because its reputation, standards and methodologies best fit our corporate culture and are consistent with the message we wish to communicate."

Renmark's retainer is for a one-year term at $7,000 monthly. Renmark does not have any interest, directly or indirectly, in Merrex or its securities, or any right or intent to acquire such an interest.

Siribaya Gold Project

Merrex holds a 100% interest in an 800 square kilometre land package located in west Mali, Africa. The Siribaya Gold Project is joint venture exploration project funded by IAMGOLD Corporation, managed by a joint IAMGOLD-Merrex management team and operated by Merrex. IAMGOLD may earn up to 50% interest in the Siribya Gold Project by expending $10.5 Million over four years. During 2009 over $3,000,000 was spent on an exploration program comprised of diamond drilling, soil and termite mound geochemical sampling and an airborne magnetometer and spectrometer survey.

The termite mound geochemical survey identified new gold-anomalous zones that were not evident from prior surveying or drilling including two strong north-south trending parallel gold-mineralized structures hosting the previously identified Zones 1A and 1B. Of particular note, the Zone 1A anomaly is much more strongly identified by the termite sampling than it was by prior conventional soil sampling, and is notably stronger than Zone 1B which already has an initial resource estimate.

The 2009 diamond drilling program almost tripled the strike length of the continuously mineralized Zone 1B from 300 metres to 900 metres. Prior to this extension, Zone 1B, which is only one of multiple targets on the Siribaya mega-structure, already had an initial indicated resource* of 2.1 million tonnes grading 1.81 g/t Au (123,000 contained ounces) and inferred resources of 5.7 million tonnes grading 1.74 g/t Au (319,000 contained ounces) at cut-offs of 0.5 g/t Au and the mineralization is still open to the north, south and at depth. An updated resource estimate including the 2009 drill results is underway and a significant increase in the estimated resource is expected.

* The initial resource estimate was prepared in February 2009 by ACA Howe International Limited and is compliant with the disclosure requirements of NI 43-101.

A detailed airborne geophysical survey over the full concession area was also completed and data analysis and integration with geology, drilling results and geochemistry is underway.

Jean-Marc Gagnon, P. Eng., Project Manager at Siribaya, is the Qualified Person as per NI 43-101 and is responsible for the information in this news release.

About Merrex

Merrex is a Mali focussed gold exploration company with experienced management, a solid exploration team, a prominent gold-producer as a partner and an expanding gold resource … a winning combination which offers investors an extraordinary opportunity.

 Gregory Isenor,
 President and Chief Executive Officer 

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