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Closes First Tranche of Private Placement

posted on Apr 30, 2009 12:04PM
April 30, 2009
Merrex Closes First Tranche of Private Placement
HALIFAX, NOVA SCOTIA--(Marketwire - April 30, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX VENTURE:MXI) announces that Merrex has closed the first tranche of the private placement announced April 27, 2009.

Merrex has issued 2,770,000 units at a price of $0.20 per unit (the "Unit") to net $516,620 to treasury after paying finders' fees of $37,380. The Units consist of one share and one share purchase warrant exercisable at $0.30 per share until April 29, 2010. The shares are subject to a four-month hold period expiring August 29, 2009.

Merrex's principal projects are its Siribaya Gold Project in Mali (West Africa), an advanced exploration project with an initial NI 43-101 resource estimate and the Jubilee Zinc Deposit in Cape Breton, Nova Scotia, also with a NI 43-101 resource estimate.

Merrex Gold is a mineral resource exploration company focusing on gold exploration in West Mali, western Turkey and in the Red Lake area of Ontario and zinc exploration in Cape Breton, Nova Scotia. Merrex has a solid organization of people and projects enabling aggressive exploration, discovery and growth.

Please visit our website at www.merrexgold.com for the most recent presentation.
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