Adex Announces Bench Scale Testwork to Produce Molybdenum Oxide

Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) is pleased to
announce that SGS Lakefield Research Limited ("SGS") of Lakefield, Ontario has
been engaged to test the hydrometallurgical treatment of molybdenum concentrate
from the Fire Tower Zone ("FTZ") at Adex' wholly-owned Mount Pleasant Mine
Property ("Mount Pleasant" or the "Property") located in southwestern New
Brunswick, Canada. 


Adex has engaged SGS to perform a scoping level investigation of a
hydrometallurgical flowsheet that is designed to allow Adex to produce high
grade ammonium molybdate at its Mount Pleasant operations. The process involves
pressure oxidation of the molybdenite to convert the sulphide concentrate to an
oxide, followed by an atmospheric ammonia leach of the molybdenum trioxide
product. Ammonium dimolybdate crystals are then recovered from the ammonia leach
liquor by evaporation and crystallization.


Results from test work, expected in about six weeks, will, if positive, lead to
an upgrade to the conceptual framework related to the production of tungsten and
molybdenum products as described in the 2008 FTZ Scoping Study completed by Aker
Metals, a division of Aker Solutions Canada Inc., which indicated a pre-tax
internal rate of return ("IRR") of 27% for the production of ammonium
paratungstate ("APT") and molybdenum sulphide concentrate, based on projected
product prices for APT of $US215 per metric tonne unit and for molybdic oxide
(MoO3) of US$23.17 per pound. An executive summary of the 2008 Scoping Study is
contained in the National Instrument 43-101 ("NI 43-101") compliant technical
report (the "Technical Report") on the Fire Tower Zone ("FTZ") entitled "A
Technical Review of the Mount Pleasant Property, Including an updated Mineral
Resource Estimate on the Fire Tower Zone, Southwestern New Brunswick for Adex
Mining Inc." dated December 1, 2008 and completed by Paul Dunbar, M.Sc., P.Geo.
Senior Associate Geologist of Watts, Griffis and McOuat Limited, Dorota A.
El-Rassi, M.Sc., P.Eng., Geological Engineer of SRK Consulting and John S.
Rogers, P.Eng., of Aker Metals, a division of Aker Solutions Canada Inc., which
is available on www.sedar.com.


Errol Farr, the President and CEO of Adex, stated, "This investigation, while
preliminary in nature, is another step toward evaluating the re-commencement of
mining the FTZ. With metal prices, especially for molybdenum, showing recovery
in 2010, the FTZ is demanding new attention by Adex management." It is the goal
of Adex to produce value added products with each of the mineral concentrates
which may ultimately be processed at Mount Pleasant. 


The 2008 FTZ Scoping Study and the economic analyses contained therein are
preliminary in nature and contain "Inferred" mineral resources that are
considered too speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as mineral reserves,
and there is no certainty that the results of the 2008 FTZ Scoping Study will be
realized with more detailed work. Mineral resources that are not mineral
reserves do not have demonstrated economic viability.


Adex is currently engaged in bench and pilot metallurgical test programs for the
production of tin concentrate and value added zinc and indium metal products
from its Mount Pleasant North Zone ("NZ") resource, as discussed in a press
release dated March 3, 2010. Adex intends to make a production decision on the
NZ in 2010 pending completion of a definitive feasibility study scheduled for
forth quarter of this year.


The Property hosts two important and separate mineral resources, being the
tungsten-molybdenum bearing FTZ and the tin-indium-zinc bearing NZ. The FTZ is
the site of a past-producing tungsten-molybdenum underground mining operation
that produced and sold tungsten concentrate between 1983 and 1985. 


Qualified Person

Trevor Boyd, P.Geo., the Company's Geological Consultant and a qualified person
as defined by NI 43-101, supervised the preparation of the technical information
contained in this press release in compliance with NI 43-101. 


ABOUT ADEX

Adex Mining Inc. is a Canadian junior mining company with an experienced
management team. The Company is focused on developing its flagship Mount
Pleasant Mine Property, a multi-metal project that is host to promising
tungsten-molybdenum and tin-indium-zinc-copper mineralization. Located in
Charlotte County, New Brunswick, the Mount Pleasant Mine Property is situated
approximately 80 kilometres south of Fredericton, the provincial capital, and is
65 kilometres from the United States border. The common shares of Adex trade on
the TSX Venture Exchange under the stock symbol "ADE".


No securities commission or regulatory authority has approved or disapproved the
contents of this press release.


FORWARD-LOOKING STATEMENTS

Certain statements in this press release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of Adex, its
subsidiary or the industry in which they operate to be materially different from
any future results, performance or achievements expressed or implied by such
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"estimate", "believe", "anticipate", "intend", "expect", "plan", "may",
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reflect the current expectations of the management of Adex with respect to
future events based on currently available information and are subject to risks
and uncertainties that could cause actual results, performance or achievements
to differ materially from those expressed or implied by those forward-looking
statements. These risks and uncertainties are detailed from time to time,
including, without limitation, under the heading "Risk Factors", in reports
filed by Adex with the Alberta, British Columbia and Ontario Securities
Commissions which are available at www.sedar.com and to which readers of this
press release are referred for additional information concerning Adex, its
prospects and the risks and uncertainties relating to Adex and its prospects.
New risk factors may arise from time to time and it is not possible for
management to predict all of those risk factors or the extent to which any
factor or combination of factors may cause actual results, performance and
achievements of Adex to be materially different from those contained in
forward-looking statements. Although the forward-looking statements contained in
this press release are based upon what management believes to be reasonable
assumptions, Adex cannot assure investors that actual results will be consistent
with these forward-looking statements. Given these risks and uncertainties,
investors should not place undue reliance on forward-looking statements as a
prediction of actual results.


The forward-looking information contained in this press release is current only
as of the date of the press release. Adex does not undertake or assume any
obligation to release publicly any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events, except as required by law.