Micrex Development Corp.: Update on Québec Magnetite Apatite Deposit

Micrex Development Corp. (TSX VENTURE:MIX) announces developments on its
magnetite deposit in Quebec.


Micrex has shipped 15 tons of crushed magnetite to Newcastle, England for
testing in a new state-of-the-art grinding machine which will crush to 325 mesh
without the use of ball mills. This will greatly improve production capability
and efficiency for the plant that Micrex intends to build later this year.
Micrex's manager for Quebec, Mr. Roch Cormier, will be attending and supervising
the final production runs in Newcastle later this month.


Early reports from Corem lab facility in Quebec City have proven that titanium
may be readily separated from the magnetite and apatite components. Unlike most
deposits of this type, the titanium is discrete from the magnetite, and may be
separated at 150 mesh.


Micrex estimates that that the Quebec and eastern seaboard market for 325 mesh
magnetite is over 150,000 tons annually, which is currently being supplied from
various offshore sources. The plant will be built in stages to help supply this
market.


Micrex would like to acknowledge all the assistance the Quebec government and
its various agencies have extended to the Company as it moves through the
regulatory process of bringing this property into production.


Other news releases are being prepared to cover the drilling program in Quebec
and the survey at the Deadwood gold mine in New Mexico.


Micrex Development Corp. (TSX VENTURE:MIX) is a mineral exploration company
based in Alberta, Canada with mining properties in North America. Current focus
is on the St. Charles de Bourget magnetite / titanium / apatite property in
Quebec.


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.