Keywords : Gold | Silver |

Tuesday, May 03, 2011

NEWS RELEASE

Acrex Provides Update on its Rainbow Canyon Gold Property in Nevada

Acrex Ventures Ltd. (the "Company") is pleased to provide an update on its in Nevada, Rainbow Canyon gold property. The Rainbow Canyon property includes an area of approximately 421 hectares (approximately 1040 acres ) located 40 kilometers east of Reno, in Washoe County, Nevada. Gold mineralization on the property is thought to be similar in age and host rock type to the nearby Comstock Mine. The property is situated within the Walker Lane structural belt which is host to several major gold and silver deposits with historical production. These including the bonanza silver-gold vein deposits of the Comstock Mine (7.65 Moz. gold and 177.0 Moz. silver), as well as large bulk-mineable gold-silver deposits such as the Rawhide Mine (1.5Moz.gold), and Paradise Peak (1.6 Moz. gold and 22.0 Moz. silver).

Allan McNutt, P. Geo and a "Qualified Person" visited the property in April, 2011 and spent two days examining and sampling numerous showings and prospect pits. Historic, pre-43-101, exploration work on the property discovered several quartz veins that were reported to carry significant gold values. Mr. McNutt reports that alteration around the quartz veins suggests a low sulfidation mineralizing event.

In a surface prospecting program by a previous owner rock chip samples taken from quartz vein float and outcrops exposed in historic prospecting pits were reported to have produced significant gold assays. Sampling was done by Mr. McNutt to confirm the analyses reported by the previous owner.

Mr. McNutt is completing a 43-101 report which will incorporate the results of the 2011 sampling. The report is expected to be filed in early May.

FOR FURTHER INFORMATION ON ACREX VENTURES PLEASE CONTACT:

Investor Relations -

Tel: (604) 618-1758
Fax: (604) 277-0815

e-mail: info@acrexventures.com
website: www.acrexventures.com

ACREX VENTURES LTD.

Per:
T.J. Malcolm Powell,
President

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 News Release.

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Acrex Ventures Ltd

	DEVELOPMENT STAGE
	CODE : AKV.V
	ISIN : CA0049371085

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Acrex Ventures is a silver and gold exploration company based in Canada.

Its main asset in development is SPANISH MOUNTAIN in Canada and its main exploration property is GRIZZLY-KELLAR LAKE in Canada.

Acrex Ventures is listed in Canada and in United States of America. Its market capitalisation is CA$ 407 600 as of today (US$ 382 492, € 280 252).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 0.46, and its lowest recent point on July 09, 2014 at CA$ 0.01.

Acrex Ventures has 40 760 000 shares outstanding.

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