CALGARY, ALBERTA--(Marketwire - Aug. 15, 2012) - Micrex Development Corp. ("Micrex" or the "Corporation") (TSX VENTURE:MIX) is pleased to advise that it has received a metallic and industrial minerals permit from Alberta Resource Revenue and Operations to continue exploration and development of its registered claims near the area of its leased mineral properties in the southeast part of the Province of Alberta. This will greatly assist Micrex in its final planning for the completion of this development in the Crowsnest area. This project will produce heavy media magnetite for the coal industry. This demand is estimated at $20,000,000 per year with a substantial market for the titanium by-products used in the paint industry.
Micrex has received considerable interest from the companies using these products and several of these large companies are anxious to represent Micrex in the distribution of same.
Visit www.mixcorp.com for further details.
MICREX DEVELOPMENT CORP.
Burmis Magnetite/Titanium Property • St. Charles de Bourget Magnetite/Titanium/Rare Earth Property • Fort Steele Placer Property • Bighorn Gold Mine • Mount Royal Gold Mine • Deadwood Gold Mine • Sunburst Gold Property
FORWARD LOOKING STATEMENTS
Certain statements in this news release are "forward-looking statements", which reflect management's expectations regarding its property and business operations. All statements other than statements of historical fact contained in this news release are forward-looking statements. Such forward-looking statements involve risks and uncertainties, as they reflect management's current beliefs and are based on information currently available to management. Actual results may differ materially from those anticipated in the statements made. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made as of the date of this news release and Micrex assumes no obligation to update or revise them to reflect new events or circumstances except as expressly required by applicable securities law. Further information regarding the uncertainties and risks can be found in the disclosure documents filed by Micrex with the securities regulatory authorities, available at www.sedar.com.
SEC 12 g (3) Exemption 82-4281
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