Vale Gives Notice of Termination of Option Agreement on Santana Project

Corex Gold Corp. (TSX VENTURE:CGE) ("Corex" or the "Company"), wishes to
announce that it has received notice from Vale Explorationes Mexico, S.A. de
C.V. ("Vale") that Vale is terminating its option on the Company's Santana
Property in Sonora Mexico effective as of January 31, 2014. The option was
granted further to the Exploration Option Agreement (the "Agreement") made
November 5, 2012.


By delivering this notice, Vale hereby informs Corex of its intention to abandon
all its rights and options granted under the Agreement in accordance with
Section 2.4 of the Agreement. As of the date of termination Vale had not yet
earned an interest in the Santana Property and as a result the Santana Property
continues to be held 100% by Corex.


Corex is awaiting the remaining assays of 8 holes of the 4000m drill program
completed by Vale, and will release them upon receipt of this information.


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 Corporation
Craig Schneider
President & CEO
604.683.2505
604.683.2506 (FAX)
[e-mail]
www.corexgold.com