Adex Mining Inc.

Published : May 09th, 2008

confirms delivery of second drill rig at Mount Pleasa

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___________________________________________________________________________________

 

Adam Bello

Investor Relations

Primoris Group Inc.

360 Bay Street, Suite 901

Toronto, Ontario M5H 2V6

 

Tel.: (416) 489-0092 1 (866) 508-2339 * Fax: (416) 352-5239 * E-mail: abello@primorisgroup.com


___________________________________________________________________________________

 

May 9, 2008

 

Dear Mr. Lemaire:

 

Re: Adex Mining Announces an Update of its Drilling Activities at Mount Pleasant.

 

Adex Mining Inc. (TSX-V: ADE) is pleased to announce the delivery of a second drill rig to its Mount Pleasant Mine Property in southwestern New Brunswick, Canada.

 

The second drill will be deployed concurrently with the first drill to accelerate the current program, which is designed to upgrade mineral resource estimates to 43-101 compliant “indicated” categories. This would allow Adex to move towards the feasibility stage of development, and potentially to mine development.

 

A copy of the news release is enclosed for your reference. Please do not hesitate to contact me with any questions or for additional information about Adex Mining.

 

Sincerely,

 

Adam Bello

Investor Relations

Primoris Group Inc.

Tel.: (416) 489-0092 * 1 (866) 508-2339 x 226

Fax: (416) 352-5239

E-mail: abello@primorisgroup.com

 

The contents of this e-mail are confidential and may be legally privileged. It is intended solely for the addressee. Access to this e-mail by anyone other than the addressee is unauthorized. If you are not the intended recipient (or responsible for delivery of the message to the recipient), you should inform the sender at the e-mail address from which this message was transmitted or call (416) 489-0092 and delete this message from your system and destroy any hard copies. Unauthorized use, disclosure, copying or distribution is prohibited and may be unlawful.


 


ADEX MINING CONFIRMS DELIVERY OF SECOND DRILL RIG AT MOUNT PLEASANT

 

Toronto – May 8, 2008 – Adex Mining Inc. (“Adex” or the “Company”) (TSX-V: ADE) is pleased to announce that a second drill rig has now been delivered to the Company’s Mount Pleasant Mine Property in southwestern New Brunswick, Canada (the “Property”).

 

The second drill will be deployed concurrently with the first drill to accelerate completion of the first phase six definition and twin hole drill program at the Property’s Fire Tower Zone, which hosts a past-producing Tungsten-Molybdenum mineralized zone.

 

The results of the first phase drill program will be used to upgrade the current Tungsten-Molybdenum inferred mineral resource estimates to National Instrument 43-101 (“NI 43-101”) compliant “indicated” categories. This would allow Adex to move towards the feasibility stage of development, and potentially to mine development.

 

The first phase seven hole definition drill program at the Property’s North and Deep Tin Zones, which hosts a Tin-Indium-Zinc-Copper mineralized zone, has now been completed.  Core samples from all seven holes have been sent for analysis, and analytical results remain pending for all of the 2008 drilling completed to date.

 

ABOUT ADEX:

 

Adex Mining Inc. is a Canadian junior mining company with an experienced management team. The Company is focused on developing its flagship Mount Pleasant Mine Property, a multi-metal project that is host to promising tungsten-molybdenum and tin-indium-zinc-copper mineralization. Located in Charlotte County, New Brunswick, Mount Pleasant is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol “ADE”.

 

FORWARD-LOOKING STATEMENTS

 

Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Adex, its subsidiary or the industry in which they operate to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current expectations of the management of Adex with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those expressed or implied by those forward-looking statements. These risks and uncertainties are detailed from time to time, including, without limitation, under the heading "Risk Factors", in reports filed by Adex with the Alberta, British Columbia and Ontario Securities Commissions which are available at www.sedar.com and to which readers of this press release are referred for additional information concerning Adex, its prospects and the risks and uncertainties relating to Adex and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of Adex to be materially different from those contained in forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Adex cannot assure investors that actual results will be consistent with these forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

 

The forward-looking information contained in this press release is current only as of the date of the press release. Adex does not undertake or assume any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

 

FOR FURTHER INFORMATION PLEASE CONTACT:

 

Kabir Ahmed

President, Chief Executive Officer and Director Adex Mining Inc.

1-866-508-2339 (ADEX)

Email: investorrelations@adexmining.com

Website: www.adexmining.com

 

No securities commission or regulatory authority has approved or disapproved the contents of this press release.

 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

 

 

Adex Mining Inc.

EXPLORATION STAGE
CODE : ADE.V
ISIN : CA0069032070
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Adex Mining Inc. is a tin and zinc development stage company based in Canada.

Adex Mining Inc. holds various exploration projects in Canada.

Its main exploration properties are MOUNT PLEASANT MINE and AYLMER LAKE EAST in Canada.

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