December 20, 2007 09:00 ET

Namex Explorations Inc.: Huffman Property Update

MONTREAL, QUEBEC--(Marketwire - Dec. 20, 2007) - Namex (TSX VENTURE:NME) is pleased to announce that the assay results from the 144 channel samples cut from the bedrock in the stripped area at the Huffman Lake project have defined a 200 metre long and up to 40 metres wide gold bearing zone trending east-southeast, approximately coincident with last year's defined MMI anomalies. While the results do not show a zone of economic grade mineralization, a zone of anomalous to sub-economic gold mineralization hosted in an extensively fractured and silicified feldspar porphyry intrusive has been identified. Gold values in the better grade central zone range from 200 ppb (0.20 grams/tonne) to 1350 ppb (1.34 grams/tonne). Silver values range from 1 ppm (1.0 gram/tonne) to 5 ppm (5 grams/tonne) or greater. The zone appears to die out to the west, however it is open to the east.

The rock is pervasively mineralized with fine, fracture controlled pyrite. It is considered that the gold mineralization is associated with this fine pyrite. However, there is a narrow quartz zone +/- 15 cm. (6"), cutting along the central strike of the porphyry, which carries small amounts of a fine grained blue-grey metallic mineral that has been identified as tetrahedrite, a copper, iron, zinc, antimony sulphide usually found in hydrothermal deposits. This mineral or associated minerals would account for the high silver and gold values recorded from the earlier taken grab samples. The highest grades obtained from grab samples taken from this zone were, 54.2 g/t gold, 1620 g/t silver, 8.63% copper, 12.6% lead, 2.3% zinc, and 5.9% antimony. (See press release of November 14, 2006). At this stage of exploration our knowledge of this high grade zone is not adequate to equate into any calculations of potential over all grade.

Also associated with this mineralization are other minerals typical of hydrothermal deposition, these being, anglesite, a lead sulphate, ankerite, a multi-element carbonate mineral as well as anomalous amounts of mercury. It is generally held that many ore bodies are deposits from hydrothermal origin. The temperatures and pressures at which a hydrothermal ore body is deposited controls the form and mineralogy of the deposit therefore it is important to determine, what zonal arrangements may appear at depth. Results of further drilling and sampling will determine whether this form of deposition will increase in volume at depth on the Huffman property.

Two shallow diamond drill holes have been drilled on the Huffman property. The first hole was a vertical one drilled for informational purposes to about 90 m to ascertain what, if any, mineralogical changes at depth can be determined. The second hole was an angle hole drilled to intersect the high grade feature identified on surface. A narrow 10 cm intersect was obtained at 90 m, which showed some of the tetrahedrite mineralization. Both holes have been split and sampled in their entirety and assay results are pending. Onset of winter conditions precluded further drilling, with the equipment on hand.

A further 287 MMI samples were taken to the east-north east of the mineralized trend. The samples were submitted to the SGS laboratory in Toronto. Once all the results are received, they will be interpreted by Dr. Mark Fedikow.

Since it appears that the gold is associated with the fine grained pyrite, it is considered that IP (induced polarization) surveys should be effective in outlining areas of disseminated pyrite and gold. Any IP anomalies with significant chargeabilities i.e., higher pyrite contents, could be considered for testing by stripping or drilling. An IP survey is planned for the New Year.

Assay results from the two drill holes, results from the MMI survey and a progress report on Namex's other three Ontario properties will be forthcoming.

Namex is fortunate in that it has been able to arrange, on a part time basis, the expertise of Mr. Stewart Winter of Winterbourne Explorations Ltd. Aside from thorough familiarity with the Sudbury camp, Mr. Winter has decades of international multi-faceted experience with numerous types of mineral deposits such as that which we encounter presently at the Huffman Lake property. Such diverse experience will provide much additional help to Namex as its acquisitions spread outside the more familiar Sudbury region.

Oliver T. Maki is the qualified person overseeing the Namex exploration programs and has approved this press release.

This release was prepared by the Company's management who take full responsibility for its contents. Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. The company disclaims any obligation to update forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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