Prominex Resource Corp.
TSX VENTURE : PXR

Prominex Resource Corp.

May 02, 2008 15:36 ET

Prominex Resource Corp.: News Release

ST. JOHN'S, NEWFOUNDLAND--(Marketwire - May 2, 2008) - Prominex Resource Corp. (TSX VENTURE:PXR) announced today that an NI 43-101 resource estimate report on the T-3 lens of the Tulks Hill Property, which the company anticipated receiving in April, 2008, will not be received until later in May, 2008.

Prominex has earned a 51% interest in the Property under an agreement between Prominex and Buchans River Limited. The agreement provides that Prominex will be the operator of an unincorporated joint venture to operate the Property. A formal joint venture agreement is in the process of being finalized.

ON BEHALF OF THE BOARD OF DIRECTORS:

Lorne B. King, President and CEO

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. "Forward-looking statements" in this action may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur.

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

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