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
May 9, 2006
Bighorn Joint Venture - Financing Agreement Signed
Micrex announces today that it has signed a Joint Venture Earn In Agreement on its Bighorn Claims in Northern British Columbia with an arms length private interest from Edmonton, Alberta.
Under terms of the agreement, the private interest may earn up to a 12% undivided interest in the Bighorn Claims in return for brokering up to $3,000,000 in flow through financings in Micrex and paying $300,000 in cash. Each $500,000 raised and $50,000 paid earns 2% towards the maximum of 12% interest. The private interest will be paid a flat 10% brokers fee. Micrex will remain the operator of the project.
The Earn In Agreement is structured such that the financing will be staged over several offerings with Micrex determining the terms and timing of each offering at the time of issue. Alternately the Private Interest may purchase any or all of the 12% interest by paying $100,000 per percentage point.
Further information may be obtained from Perry Meszaros or S.E. Marshall at (780) 448-0922
or email at mixinfo-1@mixcorp.com
Web site address: www.mixcorp.com
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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