Micrex Development Corp: Update on Equipment Testing for Québec Magnetite in Newcastle, England

Micrex Development Corp. (TSX VENTURE:MIX) announces that the 15 tons of raw
magnetite shipped to a grinding equipment manufacturer in England has been
successfully processed to produce heavy media at 320 mesh.


A state of the art plant has been designed to produce heavy media in a
water-free process. The plant will not require a ball mill, with all the
inherent noise that goes with it. The grinding technology will produce product
at less cost, and with significantly less environmental impact than traditional
methods.


The magnetite processing plant will be built at St. Charles, Quebec in two stages.

Stage one will produce 66,000 tons per year, and will cost $2,300,000. The
equipment manufacturer is prepared to finance the plant on a lease purchase
plan. The nearest competitor producing similar magnetite products is in Norway,
so it is expected that North American sales will justify the expansion to stage
two within eight months of completion of the first stage, at an additional cost
of $2,000,000.


The products the plant will produce will be heavy media for the water
purification industry, and for upgrading in the coal industry. There are also
other markets and industrial applications for the products, such as heavy
concrete that is used in various kinds of construction.


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/Rare Earth 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.