Corex Gold Corporation. Vancouver, BC TSX.V : CGE; is a dynamic junior gold exploration and development company active in its search for high quality projects that meet the Company's corporate objectives.

Corex is focused on evaluating gold projects that have low production cost potential and contain the likelihood of a 1,000,000-ounce plus deposit.

Management is comprised of an experienced team of exploration geologists and finance professionals with a proven track record in ore-body discovery and natural resource finance,

Santana property

The Santana property covers about 7,000 hectares. The project is located approximately 200 kilometers east-southeast of Hermosillo within the Sierra Madre Occidental copper-gold-silver belt.

A total of 16 exploration drill holes comprising 1,377 meters were drilled; 1086 drill samples were taken; of which 752 samples were sent to Inspectorate Lab, Reno Nevada. In addition, numerous rock chip surface and trench samples were also collected and assayed.

Three separate targets were drilled during this first drill campaign. In total, 15 of the 16 drill holes drilled returned gold assays that confirm the continuity of gold mineralization along strike and at depth in of each of the areas tested. Drill hole targeting was based on favorable alteration coupled with anomalous gold assays from surface work.

Other areas of the Santana Project that warrant additional surface work are described briefly as follows:

El Nicho This area is located 350 meters southeast of Santa Lucia. El Nicho is on the southeastern extension of the of the Santa Lucia regional structure. Gold values from surface sampling up to 0.7 g/t Au, occur in an area 20 meters wide and 200 meters long with favorable sericite, illite and quartz vein stockwork alteration. Additional mapping and surface sampling is warranted to further define drill targets at El Nicho.

La Micha La Micha is located 550 meters, southeast of El Nicho, along the Santa Lucia regional structure. The alteration assemblage is the same as noted at El Nicho. The few samples collected reported anomalous gold values. Additional mapping and surface sampling is warranted to further define drill targets at La Micha.

Divisadero This area is located 350 meters southwest of Santa Lucia and 350 meters southeast from La Tureña. Rock chip samples collected in this area returned assays containing gold values from 0.1 g/t Au to 8.1 g/t Au. The mineralization is related to the presence of quartz + hematite veinlets controlled by both the northwest and northeast striking fracture systems. Favorable sericite -- illite and iron oxide alteration was noted in an area measuring approximately 250 meters x 100 meters.

Zuloaga Property

Corex has signed an Earn-In agreement with Goldcorp Inc. (NYSE:GG- TSX:G) through its Mexican subsidiary Glamis Exploration S.A. de C.V("Goldcorp"). Under the Agreement Goldcorp has the right to earn up to an 80% interest in Corex's Santa Rita and Zuloaga (collectively "Zuloaga") concessions in the states of Zacatecas and Coahuila.

The Earn-In agreement provides Goldcorp can Earn-In to a 70% interest in the Zuloaga property by spending US$4,000,000 over a 5-year period and paying Corex US$150,000 over an 18 mo. period. Goldcorp shall have the option to increase its interest from 70% to 80% upon paying 100% of the expenditures associated with placing the Property or any part thereof, into commercial production based on a mine development project approved for all or part of the property, with 20% to be repayable to Glamis from Corex Sub's related project cash-flows, or arranging the proportionate share of a debt financing.

The Zuloaga Property encompasses 39,878 hectares is located in the Sierra Madre Oriental, Mexico and is approximately 15 km from Goldcorp's Penasquito deposit (one of the world's largest bulk-mineable silver/gold deposits).

Goldcorp has mobilized a core rig from Major Drilling, and on November 3, 2007, commenced a first phase exploration drill program. The drill program is a three (3) core hole program of 800 meters each (2400 meters total). Goldcorp is currently half way through the first hole, which is designed to test a target that has been identified by way of mapping and sampling. Mapping to date consists of approximately 23 km2 at 1:20,000 scale and 5 km2 at 1:5,000 scale. A total of 147 rock-chip samples were also collected, and have been forwarded to ALS Chemex for analyses. Results pending.