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Re:   News Releases - Tuesday, June 24, 2008
      Corex Announces Positive Results on its Santana and Cumeral
      Properties
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Vancouver, BC - Corex Gold Corp. is pleased to announce positive
results on its recently optioned Santana and Cumeral gold properties in
the state of Sonora, Mexico.

The Santana property covers approximately 7,000 hectares and is located
approximately 200 kilometers east-southeast of Hermosillo within the
mineral rich, Sierra Madre Occidental gold-silver, copper porphyry
belt.  Santana offers gold-silver and copper porphyry targets in a
district scale setting, offering the potential to host substantial
precious and base metal resources.

The Cumeral gold property, located in the municipality of Imuris, is
approximately 200 kilometers north of Hermosillo within the well
mineralized Sierra La Jojoba. The Sierra La Jojoba is host to numerous
additional prospects, small mines and the past producing Mina Lluvia de
Oro and the adjacent Mina La Jojoba.

Both properties are in the first phases of mapping and sampling with
the intent of further defining promising targets to drill later this
year.  Sampling & mapping is being conducted by Resource Geosciences de
Mexico SA de CV, an independent technical services provider to Corex.

Santana

Corex is rapidly advancing geologic mapping and sampling on the Santana
property and has defined numerous gold and silver bearing structures
and alteration zones that warrant additional geologic work. Gold-silver
mineralization is hosted in an approximately 2  square km area of
strong, low sulfidation alteration characterized by pervasive and
structurally controlled sericite-illite alteration, with associated
disseminated iron oxides, quartz vein stockwork and clay alteration.
Numerous prospect pits and small mines are evident within this zone.
The alteration is hosted in intermediate flows, tuffs, and comagmatic
dikes and plugs. Gold and silver mineralization is controlled by both
lithologic and structural features.  The area of interest has never
been drill tested. To date, 627 rock chip surface samples have been
taken at Santana over an approximately 6 km x 6 km area. Assay results
have been received for 603 samples.  Detailed mapping & sampling has
been concentrated in an approximately 1500 m x 1800 m zone
characterized by sporadic outcrops hosting extensive iron oxide and
phyllic alteration and, locally, quartz vein stockwork breccias
characteristic of alteration associated with a copper-gold porphyry
system.

The exposed breccias and fracture zones consistently yield anomalous
gold assays and rock chip sampling of outcrops has defined broad
gold-mineralized zones.  At the western portion of the phyllic
alteration zone, rock chip sampling has defined a 220 x 260m
outcropping zone of fracture and breccia controlled alteration where 83
rock chip samples yield an average of 0.64 g/t Ag, 9.9 g/t Ag, and 534
ppm Cu.  The maximum rock chip gold assay from this zone was 11.65 g/t.
In the eastern portion of the phyllic alteration zone, quartz veined
and cemented breccias crop out and 70 rock chip samples define a 340 x
200m area with an average gold content of 0.53 g/t Au with 3.6 g/t Ag,
also associated with elevated Cu contents. The maximum rock chip gold
assay from the zone was 2.4 g/t and the maximum silver assay was 457
g/t.

Approval from the local community has been received to commence
building additional access roads for drill pad preparation, and to
expose more geology for sampling across potentially mineralized zones.
A bulldozer will be mobilized this month with the plan to start reverse
circulation drilling a 2,000 to 2,500 metre program in August.

Cumeral

Cumeral's regional and local structural fabric is dominated by
northwest striking, dextral wrench fault systems with associated
sinestral shears and normal faults This structural regime is favorable
as it represents a dilational or open space structural zone conducive
to the emplacement of a large, epithermal gold mineralized system
centered on the extensive alteration zone exposed at the property. Gold
is associated with hematite (after pyrite) and quartz veinlets hosted
in Jurassic age metavolcanic muscovite-biotite schists.  Alteration
controls are the schistose foliation as well as low to high angle
structures.  Corex personnel have panned gold from small workings and
outcrop within the Tularcito altered zone.  Samples collected
perpendicular to the structural controls and foliation have yielded as
much as 39.5 g/t Au and 29.2 g/t Au over a width of 1.5m.

To date, 219 rock chip surface samples have been taken over an approx.
8 km x 13 km area with the majority concentrated on an approx. 1.5 km x
4 km zone known as Tularcito.  Assay results have been received for 138
samples.  Results for the remaining 81 samples are pending. 

Pending local approval, plans are to mobilize a bulldozer for trench
sampling across mineralized zones, and to prepare drill pads for
drilling later this year.

Corex's geologic programs are managed by Alan D. Hitchborn. Matt Gray,
C.P.G., of Resource Geosciences de Mexico SA de CV is a Qualified
Person as defined by National Instrument 43-101, and supervised the
preparation of the technical information in this release. All samples
are prepared by Sonora Prep Labs, Hermosillo and assays completed by
BSI Inspectorate, Nevada.

ON BEHALF OF THE BOARD

"Craig D. Schneider"
President and CEO

For additional information on Corex Gold Corp please contact:
Tel: 604.683.2505
Fax: 604.683-2506
E-mail: info@corexgold.com

The TSX Venture Exchange has not reviewed and does not accept the
responsibility for the adequacy or accuracy of this news release. The
foregoing information may contain forward-looking statements relating
to the future performance of Corex Gold Corp. Forward-looking
statements, specifically those concerned with future performance are
subject to certain risks and uncertainties, and actual results may
differ materially. These risks and uncertainties are detailed from time
to time in Corex Gold Corp.'s filings with the appropriate securities
commissions.

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Copyright (c) 2008 COREX GOLD CORPORATION (CGE)  All rights reserved.
For more information visit our website at http://www.corexgold.com/ or
send mailto:info@corexgold.com
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