MIX Micrex Development Corp

Micrex Development Corp. ("Micrex" or the "Corporation") (TSX VENTURE:MIX) is
pleased to announce that it has accepted an offer from MineralFields Group to
purchase 2,800,000 flow-through units at $0.25 per unit for gross proceeds of
$700,000 and that it will undertake a non-brokered private placement of up to
2,000,000 units at $0.20 per unit for proceeds of up to $400,000.


Each flow-through unit consists of one flow-through share and one half of a
non-flow-through share purchase warrant, each whole warrant is exercisable at a
price of $0.32 until January 18, 2013.


Each common share unit consists of one common share and one half of a share
purchase warrant, each whole warrant is exercisable at a price of $0.27 for 18
months from the date of closing.


Limited Market Dealer Inc., the exclusive agent for MineralFields, and
Industrial Alliance Securities Inc. will receive finder's fees in respect to the
Units issued to MineralFields consisting of a total of 8.5% cash commission and
options equal to 7% of the number of units issued, each option exercisable into
a unit consisting of a common share and a half of a common share purchase
warrant on the same terms and conditions above.


Finder's fees consisting of 8.5% cash and 7% options may be paid in connection
with the common share unit financing.


The Corporation plans to use the proceeds from these financings to further its
exploration program on its Quebec properties. Closing of the financings are
subject to applicable regulatory approval and all securities issued in
connection with the financing will be subject to applicable hold periods.


About Mineralfields, Pathway and First Canadian Securities

MineralFields Group (a division of Pathway Asset Management) based in Toronto,
Vancouver, Montreal and Calgary, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada, as well as hard-dollar resource
limited partnerships to investors throughout the world. Pathway Asset Management
also specializes in the manufacturing and distribution of structured products
and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class
mutual fund series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities(R) (a division of Limited
Market Dealer Inc.) is active in leading resource financings (both flow-through
and hard dollar PIPE financings) on competitive, effective and service-friendly
terms, and offers investment banking, mergers and acquisitions, and mining
industry consulting services to resource companies. MineralFields and Pathway
have financed several hundred mining and oil and gas exploration companies to
date through First Canadian Securities (R), and have raised over $1 billion in
their 10 year history.


MICREX DEVELOPMENT CORP.

Burmis Magnetite/Titanium Property - St. Charles de Bourget
Magnetite/Titanium/Rare Earth Property - Fort Steele 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. There is
a specific risk that the financings referred to in this news release may not
close. 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.

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