MIX Micrex Development Corp

Micrex Development Corp. (TSX VENTURE:MIX) announced that it has closed its
previously announced acquisition of a 100% interest in a granite claim located
near Saint-Alexis-des-Monts, Quebec. The property is comprised of one claim
covering approximately 88 acres and has operated as a quarry for a number of
years.


The Company has agreed to pay $780,000 for the property, of which $150,000 was
paid on closing and $100,000 to be paid in 1,000,000 treasury shares at a deemed
price of $0.10 at closing. In addition $100,000 will be paid on each of the
second, third, fourth and fifth anniversary dates of closing and $30,000 will be
paid on the sixth anniversary date. Micrex shall have the right to elect
annually to pay part or all of each annual payment in treasury shares at the
then current market price. In addition, the vendor will receive a production
royalty of 20% of net sales to be paid quarterly until such time as a total of
$100,000 has been paid.


The Company has raised $300,000 in 3 year notes, principally from insiders,
which will carry a 5% interest rate plus a 5% sales royalty on sales from the
granite quarry until repaid, and then a 2% royalty until the Company repurchases
the royalty for a total of $300,000. $150,000 of these funds were used to
acquire the granite property, with the balance going toward working capital. 


Stan Marshall, President of Micrex stated, "The acquisition of this property
should provide the Company with a source of cash flow which would cover its
general and administrative costs, enable it to be able to continue to develop
its magnetite properties and investigate other opportunities. Our immediate
focus is to expand on the granite and stone business just acquired." 


Historically the quarry has produced and sold paving stones, countertops,
building siding, architectural granite as well as granite curbstones used by
Montreal and some other cities in Eastern Canada. In addition there are
currently over 300,000 tons of granite tailings at the site which Micrex is
going to develop as bedding ballast for railroads with the fines that are left
being used in asphalt for roads. The market price per ton for these last two
products are $20 and $6 respectively.


Micrex Development Corp. is a mineral exploration company based in Alberta,
Canada with properties in North America.


Visit www.mixcorp.com for further details.

MICREX DEVELOPMENT CORP.

Burmis Magnetite/Titanium Property - St. Charles de Bourget Magnetite/Titanium
Property - Fort Steele Placer Property - Bighorn Gold Mine - Mount Royal Gold
Mine - Deadwood Gold Mine - Sunburst Gold Property 


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


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.


A mineral exploration and development company operating in Canada and the United
States 


SEC 12 g (3) Exemption 82-4281 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Micrex Development Corp.
Perry Meszaros
(780) 448-0922


Micrex Development Corp.
S.E. Marshall
(780) 448-0922
mixinfo-1@mixcorp.com
www.mixcorp.com

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