Thursday, March 31, 2011

NEWS RELEASE

Acrex Purchases Nevada Gold Property

Acrex Ventures Ltd. (the "Company") has entered into a Purchase and Sale Agreement to purchase a contiguous block of 52 non-patented mineral claims, located 40 kilometres east of Reno, in Washoe County, Nevada. The property - known as "Rainbow Canyon" - has an area of approximately 421 hectares (approximately 1040 acres). The claims are easily accessed by a series of gravel roads from Highway I-80 approximately 1 km south of the property.

The vendor, Gold (U.S.A.) Invest, Inc. ("Vendor"), is a wholly owned subsidiary of Entr�e Gold Inc. ("Entr�e"). Mr. Greg Crowe, a Director of the Company, is the President, CEO and a director of Entr�e and a director and President of the Vendor.

The purchase price of the claims is $125,000 (US) cash. A 3.0% NSR royalty is reserved to the Vendor subject to the Company's option to purchase up to a 2.0% NSR royalty by the payment of $500,000 for each 1.0% NSR royalty purchased.

The Agreement is subject to acceptance for filing by the TSX Venture Exchange.

The Rainbow Canyon property is underlain by mafic to felsic volcanic rock of Tertiary age. Gold mineralization, known in several areas of the property, has been found in altered mafic volcanics of the Alta Formation. Gold mineralization is associated with narrow steeply dipping quartz veins that are enveloped by 1 to 10 metre wide zones of bleaching and iron staining, within a more extensive area of argillic alteration.

Previous exploration work on the property has discovered a number of quartz veins that carry significant gold values. 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 are also reported to have produced assayed significant gold values.

The Rainbow Canyon gold mineralization 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 records - including the bonanza 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).

The Company has not independently verified the historical work done on or in the area of the property or the historical results. The Company plans to undertake a program of geological mapping, geochemical sampling, geophysical surveying, trenching and sampling to prepare the property for an initial drill program.

Arthur Troup, P.Eng. is the Company's "Qualified Person" with respect to the property.

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

	EN DÉVELOPPEMENT
	CODE : AKV.V
	ISIN : CA0049371085

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Acrex Ventures est une société d’exploration minière d'argent et d'or basée au Canada.

Son principal projet en développement est SPANISH MOUNTAIN au Canada et son principal projet en exploration est GRIZZLY-KELLAR LAKE au Canada.

Acrex Ventures est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 407 600 CA$ (382 492 US$, 280 252 €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 0,46 CA$, et son plus bas niveau récent le 09 juillet 2014 à 0,01 CA$.

Acrex Ventures possède 40 760 000 actions en circulation.

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