Exploration Success At Santana Property 

VANCOUVER, BC - Corex Gold Corp. reported continued exploration success achieved through the 20,000 meter 2011 drill program on its Santana Property, Sonora State, Mexico. Step out and down dip holes were collared in the Nicho Zone. These new holes have encountered significant mineralization, including 161.5 m of 1.04 g/t Au including 53.4 m of 1.67 g/t Au and 24.1m of 3.38 g/t Au from hole S11-101D.

Craig Schneider, President & CEO said, "We are very pleased with the initial results from our 2011 drill program. These are the best results the company has drilled to date on the Santana Property, in both grade and thickness. The holes confirm a higher grade component to a very robust mineralized system. It is important to note that the Nicho Zone is only one of numerous drill targets on the property that are open along strike and at depth."

Drilling at Nicho continues to define higher gold grades within the large bulk tonnage gold target. The mineralization starts from the surface and extends from the Nicho topographical high to below the NE bearing Nicho ridge. The significance of these most recent results is the high-grade portion of the mineralized zone which is structurally controlled and at least 200 m x 200 m x 50 m. Surrounding this high-grade core is a mineralized zone, which is defined by the distribution of tectonic breccias, and is 400 m x 400 m x 200 m.

The company's address is Suite 350 - 409 Granville Street Vancouver, BC V6C 1T2, 604.683-2505, fax: 604.683.2506, email: [email protected].