___________________________________________________________________________________
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.