MICREX DEVELOPMENT CORP.

A mineral exploration and development company operating in Canada and the United States

TSX Venture Exchange symbol "MIX"
SEC 12 g (3) Exemption 82-4281

For immediate release

January 6, 2004

Options Granted To Directors

Micrex Development Corp. announced that on December 9, 2003 it granted a total of 230,000 options to purchase capital stock of the Company at a price of $0.35 per share for a period of five years to two of its Directors, and on January 2, 2004 the Corporation granted a total of 238,000 options at $0.32 per share for a period of five years to one director and one officer.

Further information may be obtained from Perry Meszaros or S.E. Marshall at (780) 448-0922
or email at mixinfo@micrex.net

MICREX DEVELOPMENT CORP.

Peace River Diamond Property • Burmis Magnetite/Titanium Property • St. Charles de Bourget Magnetite/Titanium Property • Fort Steel Placer Property • Bighorn Gold Mine • Banks Gold Mine • Mount Royal Gold Mine • Deadwood Gold Mine • Sunburst Gold Property

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

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