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To: LoneClone who wrote (20782)	6/3/2008 10:02:21 PM
From: LoneClone	Read Replies (1) \| Respond to of 194504

Merrex 2008 Phase I Drilling Program Underway at Jubilee Tue Jun 3, 11:28 AM ca.news.finance.yahoo.com HALIFAX, NOVA SCOTIA--(Marketwire - June 3, 2008) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX VENTURE: MXI.V) announces that 2008 Phase I diamond drilling is underway at Merrex's Jubilee Zinc-Lead Deposit in Cape Breton, Nova Scotia. "Phase I of our 2008 diamond drill program at Merrex's 100% owned Jubilee Zinc-Lead Deposit is underway" commented Merrex Gold President and CEO Greg Isenor, P. Geo. "Drilling is focused on the Jubilee parallel zones to increase the NI 43-101 inferred resource." The Phase I diamond drill program is planned for 5,000 metres. Five holes have been completed. The Phase I program is fully funded from flow-through cash-on-hand. Merrex owns a 228 claim block located in Cape Breton, Nova Scotia. Prior diamond drilling defined a mineralized zone over 2.1 kilometres long and open to the north (the Jubilee Main Zone) with drill intersections as high as 21.16% zinc-lead over 2.7 meters including 41.39% zinc-lead over 1.2 meters. In addition, 2007 drilling intersected zinc-lead mineralization in zones outside of the Jubilee Main Zone. These zones, including one to the east which yielded assays as high as 5.3% zinc-lead over 9.6 meters including 10.25% zinc-lead over 4.15 metres (Hole MJ-07-24), run parallel to the Jubilee Main Zone but may also be controlled to some extent by cross structures. This type of parallel and cross faulting is common to carbonate-hosted zinc-lead deposits. A NI 43-101 compliant resource estimate of 3.1 million tonnes grading 4.71% Zinc equivalent was completed by Mercator Geological Services Limited (see News Release November 12, 2007). The results from the winter 2007 drill program and the 2008 Phase I drill program will be incorporated in an updated NI 43-10 resource estimate. As part of Merrex's re-structuring plan to maximize shareholder value, the Jubilee Zinc-Lead Deposit will be transferred to a pure-play base metals corporation dedicated to the advancement of Jubilee Zinc-Lead Project which will facilitate its future development or sale. Merrex Gold is a mineral resource exploration company focused on exploration for gold in West Mali, Africa, zinc in Cape Breton, Nova Scotia, and gold in Red Lake, Ontario, with a solid organization of people and projects to enable continued aggressive exploration, discovery, and growth. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE. Contacts Greg Isenor Merrex Gold Inc. President & CEO (902) 832-5555 (902) 832-2223 (FAX) Email: info@merrexgold.com Website: www.merrexgold.com