MIX Micrex Development Corp

Micrex (TSX VENTURE:MIX) is pleased to announce that it has finalized a
production finance facility and it will put its St. Charles magnetite deposit
into production, with Micrex acting as the operator. This is an important step
in the execution of the Company's plan to become a significant long term
supplier of industrial-use magnetite in North America.


With all the necessary equipment and permitting in place, Micrex expects
production to begin this fall. Local contract mining and hauling companies have
provided assurances that all facets of the planned mining and crushing can be
handled by local businesses and expertise sourced from within 20 miles of the
mine. Micrex has finalized production and transportation contracts with the
local mining contractors. The access roads are all weather and can handle
B-train trucks year round. There is ample electrical power and water in the area
to support the mine.


Micrex plans to produce raw crushed ore with crush sizes as specified by each
customer but typically 1 inch minus. Delivery will be via a deep-water port at
the St-Lawrence River, or by train from the railhead at Chicoutimi approximately
28 km from the mine site.


Customers from both eastern Canada and the eastern United States have approached
Micrex to fill a growing gap in the market supply of magnetite as North American
sources dry up and they are forced to access magnetite from as far away as South
America.


With this significant development, Micrex has officially cancelled its
previously announced contract with SMC due to failure of SMC to meet its
milestone obligations as set out in the terms of the agreement.


Once into production, Micrex will generate the necessary revenue to be
self-sufficient and also allow Micrex to develop and increase values on its
other properties. This project marks the beginning of the transition by Micrex
from an exploration and development company to a secure and reliable supplier of
minerals to the marketplace.


Read more at http://mixcorp.com/stcharles.htm.

MICREX DEVELOPMENT CORP.

Peace River Diamond Property - Burmis Magnetite/Titanium Property - St. Charles
de Bourget Magnetite/Titanium Property - Fort Steel Placer Property - Bighorn
Gold Mine - Banks 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.


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


SEC 12 g (3) Exemption 82-4281

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