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Merrex Gold Inc. (MXI) Exchange: TSX Venture Exchange

Merrex Gold Inc. (MXI)

Exchange: TSX Venture Exchange

$0.055

May 21, 2013, 9:20 AM EDT

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52 Week High 2012-07-13 High: 0.150	52 Week Low 2013-05-15 Low: 0.050

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HALIFAX, NOVA SCOTIA--(Marketwire - Sept. 10, 2007) - Merrex Gold Inc., ("Merrex") (TSX VENTURE:MXI) is pleased to announce further very positive drilling results including 10.25% zinc+lead over 4.15 metres from its Jubilee Zinc Property in Cape Breton, Nova Scotia. Jubilee Drill Results "Further excellent diamond drilling results have been received from the 2007 drilling program at Jubilee" stated Gregory Isenor, Merrex President and CEO. "The drilling at Jubilee continues to yield significant numbers. We have extended the length of the mineralized Jubilee Main Zone to at least 2.1 kilometres, thereby increasing the size of the Jubilee Zinc - Lead Deposit. Also noteworthy is that step-out drilling outside the Jubilee Main Zone intersected zinc-lead mineralization in two and possibly three additional mineralized zones that appear to run parallel to the Jubilee Main Zone. These new zones have the potential to significantly increase the size of the Jubilee Deposit." Assay highlights from the program are as follows: 10.25% Zinc + Lead over 4.15 metres 5.30 % Zinc + Lead over 9.60 metres 5.67 % Zinc + Lead over 1.23 metres 3.15 % Zinc + Lead over 1.30 metres Merrex is aggressively exploring its Jubilee Zinc Property (see map 1) with a 20,000 metre diamond drilling program designed to further define the extent of the mineralization within the Jubilee Zinc-Lead Deposit. To date 47 holes have been completed for a total of 14,778 metres. (see map 2) Map 1: http://www.ccnmatthews.com/docs/mxi910a.pdf Map 2: http://www.ccnmatthews.com/docs/mxi910b.pdf The 2007 drilling within the Jubilee Main Zone extended the length of the mineralized zone to total length of 2 kilometres and provided further evidence of the continuity of the mineralization within the Jubilee Main Zone. (see map 2) Map 2: http://www.ccnmatthews.com/docs/mxi910b.pdf Step-out drilling also intersected zinc-lead mineralization outside of the Jubilee Main Zone which indicates presence of two and possibly three additional mineralized zones. These new zones, including one to the east which yielded assays as high as 10.25% zinc + lead over 4.15 metres (Hole MJ-07-24, see map 2 and assay summary table), appear to 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. Further drilling is required, but there is excellent potential to significantly increase the size of the Jubilee Deposit through future delineation of these additional zones. Map 2: http://www.ccnmatthews.com/docs/mxi910b.pdf At present, one drill rig is working on Merrex's Jubilee area properties and later this year a larger rig will be located across St. Patrick's Channel, 1000 metres northwest of the limit of the known Jubilee Main Zone mineralization, to test that area for the strike extension of the Jubilee Zinc Deposit. A mineral resource estimate compliant with National Instrument 43-101 disclosure requirements has been commissioned by Merrex. Significant assay results from holes 20 to 30 of the 2007 program are detailed in the table below. For complete details of Merrex's prior drilling results visit our website at www.merrexgold.com. A map of the most recent results will be posted on our website.


Assay Summary Table

Merrex Gold Inc. JUBILEE PROPERTY
MJ-07-20 to MJ-07-30 Assay Summary

------------------------------------------------------
Hole        From      To  Interval   Weighted Average
                                     -----------------
              (m)     (m)       (m)   Zn%   Pb%  Pb% +
                                                   Zn%
------------------------------------------------------
MJ-07-20  487.40  491.65      4.25  0.95  0.11   1.07
including 487.40  488.70      1.30  2.87  0.28   3.15
------------------------------------------------------
MJ-07-21                  no significant assays
------------------------------------------------------
MJ-07-22  366.75  368.70      1.95  0.79  0.14   0.92
including 366.75  367.15      0.40  2.12  0.55   2.67
------------------------------------------------------
MJ-07-23                  no significant assays
------------------------------------------------------
MJ-07-24  380.80  390.40      9.60  4.62  0.69   5.30
------------------------------------------------------
including 383.65  387.80      4.15  9.09  1.16  10.25
------------------------------------------------------
MJ-07-25  366.50  366.95      0.45  0.85  0.20   1.05
------------------------------------------------------
MJ-07-26  388.10  397.00      8.90  1.14  0.25   1.39
including 388.10  388.52      0.42  5.23  0.70   5.93
and       390.75  392.55      1.80  1.21  0.70   1.91
------------------------------------------------------
MJ-07-27  372.33  374.62      2.29  3.66  0.13   3.79
including 372.33  373.56      1.23  5.48  0.19   5.67
------------------------------------------------------
MJ-07-29                  no significant assays
------------------------------------------------------
MJ-07-30  359.50  360.30      0.80  0.97  0.68   1.65
MJ-07-30  363.10  363.30      0.20  1.42  0.06   1.47
------------------------------------------------------

Michael P. Cullen, P. Geo., of Mercator Geological Services Limited, is supervising the drilling program on behalf of Merrex. Mr. Cullen is an independent third party and the qualified person, as defined under National Instrument 43-101, responsible for technical information presented in this news release. Analysis of half core samples was carried out by ALS Chemex and Merrex's independent Quality Control and Quality Assurance protocols for drill core include blank samples, duplicate samples, certified standards and third party check samples. Merrex Gold is a mineral resource exploration company focused on exploration for gold in West Mali, Africa, zinc in Cape Breton, Nova Scotia, nickel in West Voisey's Bay, Labrador, and gold in Red Lake, Ontario, with a solid organization of people and projects to enable continued aggressive exploration, discovery, and growth. MERREX GOLD INC. Gregory Isenor, P. Geo., President 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Merrex Gold Inc.
Greg Isenor
President & CEO
(902) 832-5555

Website: www.merrexgold.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.

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