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 5, 2005
Completion of private placement
Micrex Development Corp. ("Micrex" or the "Company") announced that it has completed the closing of 99,233 Units for gross proceeds of $297,699. As previously announced, each Unit consists of 12 common shares, of which 9 common shares are to be issued on a flow-through basis and 12 common share purchase warrants. Each common share purchase warrant entitles the holder to subscribe for one common share for $0.30 for a 2 year period from closing. The Units are subject to a hold period until April 1, 2005.
Proceeds will be used for general and administrative expenses and development of the Company's Burmis and Quebec magnetite properties and its Bighorn gold project.
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
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.