Merrex Gold Inc.
TSX VENTURE : MXI

Merrex Gold Inc.

September 28, 2011 09:30 ET

Merrex Joins OTCQX

HALIFAX, NOVA SCOTIA--(Marketwire - Sept. 28, 2011) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex") (TSX VENTURE:MXI) is pleased to announce that Merrex has joined the OTCQX market tier under the trading symbol MXGIF.

The OTCQX

Effective September 28, 2011 Merrex will commence trading on the OTCQX, the highest tier of the U.S. OTC marketplace, under the symbol MXGIF.

United States based investors can find current financial disclosure and Real-Time Level 2 quotes for Merrex at www.otcqx.com and www.otcmarkets.com.

INTL Trading, Inc. will serve as Merrex Gold's Principal American Liaison ("PAL") on OTCQX, and is responsible for providing guidance on OTCQX requirements and U.S. securities laws.

Merrex has been approved by the Editorial Board of Mergent, Inc. (formerly Moody'sFinancial Information Services) and was published in the Mergent Manuals and News Reportson September 13, 2011. Merrex's corporate profile, which includes descriptive text data as well as news and financial statements, is accessible via Mergent's online and print products. As part of Mergent's listing services, the new description is highlighted separately on www.mergent.com with an active hyperlink back to Merrex's website.

The Mergent Industrial Manual and News Reports™ is a recognized securities manual in 39 states for purposes of Blue Sky Manual Exemption. Nevertheless, it is recommended that brokers confirm with their compliance/legal department concerning "Blue Sky" laws in specific states and other regulatory laws that might affect them.

Commentary

"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are pleased to welcome Merrex Gold Inc. to OTCQX."

"As Merrex's Siribaya Gold Project continues to mature, so too should our corporate visibility," commented Merrex President and CEO Greg Isenor. "In our last financing, Merrex received significant investment from U.S. based institutions and we received large numbers of inquiries from interested potential U.S. investors. Trading on OTCQX will make it much easier for U.S. investors to purchase and sell shares of Merrex while not overly burdening Merrex management or staff with additional compliance issues. It is the best of both worlds for us. We thank Mr. Coulson, President and CEO of OTC Markets Group, for his welcome and look forward to trading on the OTCQX."

About the Siribaya Gold Project

The 848 square kilometre Siribaya Gold Project in West Mali is Merrex's flagship property. The Siribaya Gold Project is being explored in conjunction with Merrex's 50% earn-in partner and project operator IAMGOLD Corporation. The 2011 exploration program within the Siribaya mega-structure includes 30,000 metres of RC drilling to further extend the explored strike length of the Siribaya trends from three to seven kilometres of which 21,506 metres were completed prior to the commencement of the seasonal rains, and 10,000 metres of diamond drilling to increase the present NI 43-101 resource of which 6,571 metres were completed prior to the commencement of the seasonal rains. Substantial numbers of assays from both the RC and diamond drilling programs remain outstanding.

Outside of the Siribaya structures new mineralized trends have been discovered; Siribaya West which lies to the west of the Bambadinka Trend, and the Babara-Kofia trends which lie to the east of Siribaya on the Babara and Kofia permits. These trends will be further tested during the 2011 and 2012 field seasons.

For further details about the Siribaya Gold Project visit Merrex's website at www.merrexgold.com.

Merrex is a Mali focused 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 offering investors an extraordinary opportunity.

Please visit our website at www.merrexgold.com for the most recent corporate presentation.

On Behalf of the Board

Gregory Isenor, P.Geo., President & CEO

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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