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
March 24, 2004
Burmis Mine Proposal Is Being Resubmitted
Edmonton, Alberta: Micrex Development Corp. ("Micrex") announced today that a co-operative proposal from a local landowner has created an opportunity in relation to its proposed magnetite mine in south-western Alberta. By taking advantage of this offer Micrex can benefit economically while at the same time addressing concerns raised in the recent public consultation process.
Initially Micrex believed that it could amend its existing proposal currently before the Alberta Environment Department, but the changes being considered are too broad in scope to be incorporated in the current material now before Government. Since the Government does not have a mechanism that could consider alternative proposals or multiple proposals on the same project, Micrex must withdraw the existing proposal and then resubmit with the intended revisions.
While this may cause a delay in finalizing its permitting, Micrex believes that this opportunity is too important to ignore.
Further information may be obtained from Perry Meszaros or S.E. Marshall at (780) 448-0922
or email at mixinfo-1@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
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