Keywords : G Mexico | Gold | Gold Discovery | Mexico |

Re: News Release - Friday, August 28, 2009
Title: Corex Announces Non-Brokered Private Placement for up to 4,600,000 Units

Vancouver, BC - August 28, 2009 - Corex Gold Corp. (the "Company") is pleased to announce a non-brokered private placement of up to 4,600,000 units at a price of $0.50 per unit, for aggregate gross proceeds of up to CDN$2,300,000. Each unit will consist of one common share and one warrant, exercisable by the holder to acquire one additional common share at a price of $0.70 for 24 months from Closing. The warrants are subject to an accelerated expiry which comes into effect once the shares trade above a weighted average price of $1.00 for any twenty consecutive trading-day period, subsequent to four months from Closing. In the event of an accelerated expiry, the expiry date will be the earlier of the regular two year expiry date and 30 days from the date the Company advises the placees of the accelerated expiry

The net proceeds from this private placement will be used for additional exploration on Corex's Santana project and for general working capital purposes. The proposed financing is subject to the approval of the TSX Venture Exchange.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Craig Schneider,
President & CEO

or

Chris Bogart
VP Corporate Development

Tel: 604.683.2505
Fax: 604.683-2506
E-mail: info@corexgold.com
Website: www.corexgold.com

Cautionary Statement:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this 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.

Corex Gold Corporation

	EXPLORATION STAGE
	CODE : CGE.V
	ISIN : CA21870J1012

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Corex Gold is a gold exploration company based in .

Corex Gold holds various exploration projects in Argentina, in Costa Rica and in Mexico.

Its main exploration properties are ZULOAGA, SANTANA and TREBOL PROJECT in Mexico, EVELINA in Argentina and LILAS in Costa Rica.

Corex Gold is listed in Canada. Its market capitalisation is CA$ 18.0 millions as of today (US$ 14.4 millions, € 11.6 millions).

Its stock quote reached its highest recent level on May 12, 2006 at CA$ 1.37, and its lowest recent point on April 25, 2014 at CA$ 0.02.

Corex Gold has 133 580 000 shares outstanding.

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