Corex Announces Drill Rig Mobilized to Santana

Corex Gold Corp.  (TSX VENTURE:CGE) ("Corex" or the "Company") is pleased to
announce that Vale Exploraciones Mexico S.A. de C.V. ("Vale"), a wholly-owned
subsidiary of Vale S.A. has secured and mobilized a drill rig to its Santana
Property (please refer to NR 02-13, Feb 05, 2013). 


Initial Drill Program

The proposed 2013 drill program is a 4000m program consisting of roughly 7-9
holes, approx 550m avg. in depth designed to test a copper-gold porphyry target
that has been identified through previous drilling and geophysics. The Santana
Project is located in Sonora State, which is also home to the world-class
Cananea Copper Mine operated by Grupo Mexico SA de CV. 


The purpose of this phase of diamond drilling (HQ) is to start building
continuity between the previously identified three main zones (Benjamin, Nicho,
and Ubaldo) where a total of 23,000 m has been drilled to date. The linking of
these known zones and the unknown potential at depth could greatly increase the
size and tonnage potential of the project. It is important to note however that
numerous targets outside of the main working area have been identified and will
also be drill tested in follow up phases of drilling. 


Initial Drill-Hole Targets 

Targets have been selected on the Benjamin Zone, Benjamin North Zone, Ubaldo
Zone, and a new Zone, which lies in between Ubaldo and Benjamin. These Target
holes are along strike and down dip building continuity in between the existing
previously drilled holes, and potentially unlocking the porphyry potential at
depth. These holes have also been selected to test the potential porphyry model
and to increase the size of the known resource. Lastly the two "pure
exploration" holes have been selected via way of traditional mapping, sampling
and geophysics. 


About Vale S.A.

Vale is one of the largest metals and mining company in the world and the
largest in the Americas based on market capitalization. It is the world's
largest producer of iron ore and iron ore pellets and the world's second largest
producer of nickel. Vale also produces manganese ore, copper, thermal and coking
coal, phosphates, potash, cobalt, gold, silver and platinum group metals. To
support Vale's growth strategy, the company is actively engaged in mineral
exploration efforts in several countries around the globe. Vale operates large
logistics systems in Brazil and other regions of the world, including railroads,
maritime terminals and ports, which are integrated with its mining operations.
In addition, Vale has a portfolio of maritime freight assets to transport iron
ore. Directly and through affiliates and joint ventures, Vale also has
investments in energy and steel businesses.


About Corex Gold Corp.

Corex Gold Corp. is a Canadian resource company focused on the acquisition,
exploration, and development of precious/base metal deposits in Mexico including
its 100% owned flagship property, the Santana Project, which is in Sonora State,
Mexico. In addition, Goldcorp Inc. has implemented an on-going exploration
program on Corex's 100% owned Zuloaga property in Zacatecas State, Mexico.


ON BEHALF OF THE BOARD 

Craig D. Schneider, President & CEO

Cautionary Statement:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release." The foregoing
information may contain forward-looking statements relating to the future
performance of Corex Gold Corp. Forward-looking statements, specifically those
concerned with future performance are subject to certain risks and
uncertainties, and actual results may differ materially. These risks and
uncertainties are detailed from time to time in Corex Gold Corp.'s filings with
the appropriate securities commissions.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Corex Gold Corp.
Craig Schneider
President & CEO
604.683.2505
604.683.2506 (FAX)
[e-mail]
www.corexgold.com