Note that the "NICHO ZONE" lines up perfectly with our "DIANA ZONE" this is excellent news for us!!!

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 24, 2011) -
Corex Gold Corp. (the "Company") (TSX VENTURE:CGE) is pleased to report 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 53.4m of 1.67 g/t Au and 24.1m of 3.38g/t Au from hole S11-101D.

Some Drill Highlights Include:

S11-101D 161.5 m of 1.04 g/t Au, including 53.4 m of 1.67 g/t Au including 24.1 m of 3.38 g/t Au.
S11-099D 170.8 m of 0.51 g/t Au, including 9.7 m of 1.36 g/t Au and 25.3 m 0.89 g/t Au.
S11-102D 26.7 m of 1.46 g/t Au, 14.4 m of 1.07 g/t Au including 7.0 m of 2.01 g/t Au and 56.4 m of 0.84 g/t Au including 9.3 m of 2.39 g/t Au.

Nicho Zone Drill Results:

Mr.Craig Schneider, President & CEO of Corex Gold, states, "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. Holes S11-099D, S11-100D, and S11-101 D, on section 101375 NW, are of particular importance as they have confirmed the occurrence of high grade shoots at the intersection of the northeast and northwest structures. 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."

Drillingat 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.