Micrex Development Corp.: Issuance of Shares for Quebec Property Interest

Micrex Development Corp. (TSX VENTURE:MIX) announced that it has applied for
regulatory approval to issue a total of 346,154 common shares at a deemed issue
price of $0.13 per share in respect to its previously disclosed agreement
wherein the Corporation purchased its magnetite/titanium/apatite property in the
Saguenay/Lac St-Jean region, in Bourget Township on the north shore of the
Sagueany River, Quebec. The agreement was entered into on June 13, 2002 and
provides for a yearly payment to be made in the sum of $45,000, payable in cash
or common shares. These shares will be issued subject to a 4 month hold period
terminating on October 22, 2012. 


Micrex Development Corp. (TSX VENTURE:MIX) is a mineral exploration company
based in Alberta, Canada with mining properties in North America.


Visit www.mixcorp.com for further details.

MICREX DEVELOPMENT CORP.

Burmis Magnetite/Titanium Property - St. Charles de Bourget
Magnetite/Titanium/Apatite Property - Fort Steele Placer Property - Bighorn 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.


SEC 12 g (3) Exemption 82-4281