VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 15, 2011) - Corex Gold Corp. (the "Company") is pleased to report continued exploration success achieved through the on-going 20,000 meter 2011 drill program on its Santana Property, Sonora State, Mexico. Results from the latest six drill holes significantly expand the outline of the known mineralization at Nicho towards Ubaldo and indicate that much of the mineralization in this zone begins at or near surface and extends to vertical depths of up to 400 m. These new holes which have encountered significant mineralization are as follows;

Drill Highlights Include:

• S11-103D 23.9 m of 1.65 g/t Au
• S11-104D 20.4 m of 1.11 g/t Au, incl. 7.2 m of 2.58 g/t Au
• S11-108 65.8 m at 0.43 g/t Au and 9.88 g/t Ag and 0.33 % Cu incl. 10.2 m of 0.53 g/t Au, 28.2 g/t Ag and 0.9 % Cu

Drill Results Overview:

Drilling at Ubaldo has expanded the outline of this significant new gold and copper zone, to an area of one km² and remains open in several directions, specifically at depth and to the northeast where gold grades and widths appear to be increasing. The holes confirm a higher grade component to a very robust mineralized system. Holes S11-103D, S11-104 D are of particular importance as they have confirmed the occurrence of high grade shoots in proximity of the surface. It is important to note that the Nicho Zone is only one of numerous drill targets on the property.

Hole S11-108 is located 25 m NE of previously reported hole S10-078R, which intersected 54.9 m of 0.9 g/t Au, 21.8 g/t Ag and 0.51 % Cu. This most recent Ubaldo hole is significant as it again intersected a thick chargeability high target which was outlined and refined in the Company's most recent 3D IP program. This method of target delineation has proven extremely successful in building out the Santana Property to date.

Ubaldo Zone Drill Result Highlights:

True widths are estimated to be about 90% of the drill intersections. Surface exploration shows similar alteration and mineralization occurring in outcrops over a 10 sq km area to depth of 400 m.

Corex views these results positively as exploration drilling continues to expand the size of the Nicho and Ubaldo trend. Given the extent of the mineralization and the initial positive geo-metallurgy, Santana has the signatures to develop into a significant deposit.

Nicho Zone Drill Result Highlights:

Reported intervals must be at least 1.0 meters wide; drill hole intercepts are reported at a 0.21 g/t Au cutoff or a 0.4 g/t Au cutoff. Intervals contain no more than six low-grade to barren samples between mineralized samples containing over 0.2 g/t Au or intervals contain no more than two low-grade to barren samples between mineralized samples containing over 0.4 g/t Au.

Corex utilizes a comprehensive QA/QC program consisting of blanks, drill rig sample duplicates and reference samples to ensure best practices are followed and the data collected is of the highest quality. All samples were prepared to normal industry standards and assayed for gold by Fire assay with AA finish by Acme Industrial Company (ISO 9001:2008 registered quality system). Intercepts are close to true thickness.

Please click the following link for a map and section 101375 NW for the Nicho Zone: http://www.corexgold.com/i/pdf/NichoOverview.pdf.

The table with the drill hole locations, dips, lengths and 0.2 g/t Au comp. will also be updated on website shortly.

Bruno Barde, P. Geo., manages Corex's exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.

About Corex Gold Corp.

Corex Gold Corp. is a Canadian resource company focused on the acquisition, exploration, and development of precious metal deposits in Mexico. Corex is currently developing its flagship property, the Santana Project, which is a new gold discovery in Sonora, Mexico. In addition, Goldcorp Inc. (TSX:G)(NYSE:GG) has implemented an on-going exploration program on Corex's 100% owned Zuloaga property in Zacatecas, Mexico.

ON BEHALF OF THE BOARD

Craig D. Schneider, President & CEO

Cautionary Statement

The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp., in particular the potential for the Santana property to host a large-tonnage gold-silver-copper porphyry system. 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.