MAGNITITE PRODUCTION COMMENCES
AT THE ST. CHARLES DE BOURGET DEPOSIT

BULK QUANTITIES FROM 35 TONNES TO 35,000 TONNES FOR SALE

Micrex will commence mining and crushing operations at the Saint-Charles-de-Bourget property in August 2008.

Up to 35,000 tonnes of 3/8" crush magnetite ore will be available for sale and delivery in September 2008. The stockpile is located approximately 20 km from Canadian National Railway lines and the deep water port at Chicoutimi, Québec. The site is accessible via municipal roads and highways.

Ore assays have returned the following pooled average results:

• 35.1% Magnetite (Fe₃O₄)
• 12.8% Titanium Oxide (TiO₂) Cl))
• specific gravity of 4.4 to 4.8.

Expressions of interest are welcome for purchase of the following in 2009:

• FOB St Charles de Bourget (Québec) property
  • magnetite for heavy media (down to 100 mesh)
  • titanium oxide concentrates
  • apatite concentrate
• FOB Burmis (Alberta) property
  • magnetite for heavy media (down to 100 mesh)
  • titanium oxide concentrates
  • zircon concentrate

Please direct inquiries to Stan Marshall at +1.780.448.0922.

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