Scorpex Announces 2011 Business Objectives

Scorpex, Inc. (Pink Sheets: SRPX) (the “Company”) is actively engaged in achieving its goal of becoming the leader of hazardous and toxic waste disposal in the Baja Mexico/California region and providing increased value to its shareholders. To achieve this goal, the Company intends to accomplish the following essential objectives during 2011:

1. On or before June 24, 2011, the Company will acquire Scorpex International, Inc., as published in its previous press release.
2. The Company plans on adding officers and directors during June to provide an enhanced management team, including COO, CFO, and additional members of its board of directors.
3. The Company believes that it will receive all necessary operating permits within the next 90-120 days.
4. The Company intends to begin audit preparation, engage a third party valuation company, and engage a third party market analyst to increase transparency and industry awareness to its shareholders during 2011.
5. During the next 120-180 days, the Company intends to continue to develop the necessary infrastructure on its 26-acre site near Ensenada, Mexico. Significant construction has been completed including a 10,000 square foot storage facility, water reservoir and septic system, sprinkler system, and security fence.
6. The Company plans to have in place financing for the purchase of a gasification/thermal oxidation unit from a major manufacturer within 180 days. The company plans to build portable temporary pods while the permanent facility is being constructed.
7. Supply contracts and transportation contracts will be negotiated with various providers throughout the year.
8. The Company plans on raising debt and equity financing to accomplish its goals in 2011.

“We believe that these objectives and others are attainable by Scorpex in 2011, ” said Joseph Caywood, Chief Executive Officer. Mr. Caywood further stated, “Having invested several millions of dollars and tens of thousands of hours to develop this exciting business, I believe that the Company is closer than ever in achieving the action items listed above.”

This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.