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 13, 2010
Deadwood Property Option Agreement Signed
Micrex announces that it has signed an arms-length option agreement for the sale of its Deadwood property in New Mexico, USA.
For total option payments of $800,000 to be paid by January 1, 2011, the purchaser will receive 100% ownership of the property. If the purchaser chooses to pay only $600,000 by that date, then it will receive a 75% working interest in the property. To date, Micrex has already received $475,000 in non-refundable payments on the option agreement.
In the event an interest in the property is sold, Micrex will retain a 2% net smelter return royalty. The purchaser has the option to purchase back this royalty for $2,000,000.
A five hole exploratory drilling program on the property has been approved by the New Mexico Government.
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.
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
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.