Micrex Development Corp. announced that it has received all the assays and Davis Tube testing results from the recent drilling program on its St-Charles-de-Bourget magnetite project, which consisted of 19 holes totaling 3161 meters. The results, which are all available on the Company's web site, confirm historical assessments of the property and support Micrex's plan to bring this project into production. Discussions with potential customers and partners are on-going, and Micrex will continue its program to define the resource to NI 43-101 standards. The centre mineralized zone is the main one of interest of the drilling program. Salient features are: Drilled over a strike length of 400 metres, with a thickness between 12 to 40 metres. Drill intersections grading between 24.51% to 46.93 wt% of titanomagnetite, with an average of 36.52 wt%, as recovered by Davis tube testing. Titanomagnetite concentrates show titanium contain between 3.62% to 13.84 wt% (TiO2), with an average of 9.61 wt%. Titanium grades of the mineralization itself range between 8.88% to 15.53 wt% TiO2 with an average of 13.26 wt%, suggestive of approximately 20% ilmenite content on top of the titanomagnetite. Phosphate grades between 7.48% to 10.22 wt% P2O5 with an average of 9.16 wt%. This is equivalent of an average of approximately 20% apatite. Mineralizations have been intersected over apparent lengths between 3.16 to 44.55m, with an average of 16.95m. The mineralized zone remains open to the north and at depth. The west mineralized zone runs parallel to the center one. Its salient features are: Drilled over a strike length of 400 metres, with a thickness between 4 to 25 metres. Shows a composition similar to the centre zone. Drill intersection grading between 22.03% to 46.62 wt% titanomagnetite, as recovered from Davis tube testing, with an average of 35.23 wt%. Titanium content of the magnetite concentrates between 1.96% to 16.05 wt% (TiO2), with an average of 10.57 wt%. Titanium grades of the mineralization itself range between 9.44% to 16.42 wt% TiO2 with an average of 12.11 wt%, suggestive of approximately 20% ilmenite content on top of the titanomagnetite. Phosphate grades between 6.25% to 10.22 wt% P2O5 with an average of 8.91 wt%. This is equivalent of an average of approximately 17% apatite. Mineralized intercepts range between 3m to 29m with an average of 11.22 m apparent length. The west mineralized zone remains open to the north, to the south and at depth. The East mineralized zone is present only in the northern drilling profiles. Its salient features are: Intersected over a strike length of 250 metres. Estimated thickness between 5 meters to 25 meters. Magnetite grades between 25.65% to 39.51 wt%, with an average of 29.65 wt%, as recovered by Davis tube testing. Titanium content of the magnetite concentrates between 4.79% to 10.16wt% (TiO2), with an average of 9.54 wt%. Titanium grades of the mineralization itself range between 10.54% to 14.44 wt% TiO2 with an average of 11.92 wt%, suggestive of approximately 20% ilmenite content on top of the titanomagnetite. Phosphate grades between 5.18% to 12.38 wt% P2O5 with an average of 9.17 wt%. This is equivalent of an average of approximately 20% apatite. Mineralized intercepts range between 3m to 22.65m with an average of 9.54m apparent length. The East mineralized zone remains open to the north and at depth.

Micrex Development Corp., Annual General Meeting, Oct 22, 2012., at 09:00 US Mountain Standard Time. Location: the Chateau Nova, 159 Airport Road. Agenda: To receive the Financial Statements of the corporation for the year ended August 31, 2011 together with the report of the auditors thereon; to elect directors of the Corporation for the ensuing year, as described in the Information Circular accompanying this Notice; to appoint auditors of the Corporation for the ensuing year and to authorize the Board of Directors to fix the auditors' remuneration, as described in the Information Circular accompanying this Notice; to consider, and if thought fit, pass an ordinary resolution approving the amendment to the corporation's By-Laws; and to consider and, if thought fit, to pass an ordinary resolution approving the corporation's existing stock option plan, as described in the Information Circular accompanying this Notice.

Micrex Development Corp. advised that it has received Metallic and Industrial Minerals Permits in Alberta from Alberta Resource Revenue and Operations to continue exploration and development of its registered claims near the area of its leased mineral properties in the southeast part of the Province of Alberta. This will greatly assist Micrex in its final planning for the completion of this development in the Crowsnest area. This project will produce heavy media magnetite for the coal industry. This demand is estimated at $20,000,000 per year with a substantial market for the titanium by-products used in the paint industry. Micrex has received considerable interest from the companies using these products and several of these large companies are anxious to represent Micrex in the distribution of same.