Merrex Gold Inc.

Merrex Gold Inc.

February 21, 2007 12:27 ET

Merrex Launches 15,000 Metre Diamond Drill Program at Jubilee

HALIFAX, NOVA SCOTIA--(CCNMatthews - Feb. 21, 2007) - Merrex Gold Inc., ("Merrex") (TSX VENTURE:MXI) is pleased to make the following announcement.

15,000 Metre Drill Program Commences at Jubilee

Merrex has commenced diamond drilling on its Jubilee Zinc Project in Cape Breton, Nova Scotia.

This phase of drilling will focus primarily on the Northwest Extension of the Jubilee Zinc Deposit to continue to expand the size and define the character of the deposit. It will also test a newly discovered area of zinc mineralization that appears to run parallel to the Jubilee Main Zone. Up to 15,000 metres of diamond drilling is planned.

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.

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
    Merrex Gold Inc.
    Diane Webber
    Senior Geologist/Investor Relations
    (902) 832-5555
    (902) 832-2223 (FAX)