COREX GOLD CORP V.CGE

News - strong gold mineralization

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Corex Gold Identifies Strong Gold Mineralization at Trebol Project, Mexico 7/13/04 VANCOUVER, BRITISH COLUMBIA, Jul 13, 2004 (CCNMatthews via COMTEX) -- Corex Gold Corp. (CGE: TSX-V) is pleased to announce that it has completed its preliminary geologic mapping program and received assay results from a third round of surface and underground sampling on its 100 percent-owned El Trebol Property located in northern Zacatecas state, Mexico. A total of 157 new rock-chip and chip-channel samples were collected over a 1 sq. km area within the El Trebol and Puerto de Los Viejos concessions from outcrops of altered limestone and shale and from underground workings at a small mine called Canela located on the 349 hectare project area. The 157 samples collected ranged from detection to 13.8 g/t (0.40 opt) with 25% of the samples (39) containing over 1 g/t and 17 samples containing over 4 g/t (0.117 opt). The average gold content of the 157 samples collected is 1.21 g/t (0.035 opt). The samples all have a high gold to silver ratio and also have an anomalously high toxic elements signature and low base metal content. Gold mineralization on the property is wide-spread consisting of two types: 1) Manto-style pipes in the Taraises Limestone, and 2) Disseminated gold mineralization hosted in La Caja Shale. Manto chimneys and blanket-like deposits occur at La Canela Mine where mineralization is associated with high-angle northeast and northwest structural intersections hosted in oxidized and brecciated limestone that provided a reactive host for migrating hydrothermal fluids. Within the limestone breccia clasts, there appears to be an initial phase of dolomitization with commensurate volume decrease that would further enhance unit permeability. The second type of mineralization is associated with the oxidized and argillicly altered Caja Shale located at the edge, and covered by a 10 m-100 m thick thrust plate. The impermeable thrust plate acted as an aquitard that trapped ascending, mineral-bearing hydrothermal fluids below. This press release has been prepared under the supervision of John R. Carden, PhD, L. Geo. who serves as the qualified person for this project under National Instrument 43-101. All geochemical samples were sent to ALS Chemex Labs in North Vancouver for sample preparation by 30-gram digestion fire assay -- AA finish and other metals by ICP. On Behalf of the Board of Directors Corex Gold Corp. Craig Schneider, President Corex Gold Corporation Craig Schneider President [phone] [phone] (FAX) Email: [e-mail] Website: www.corexgold.com NEWS RELEASE TRANSMITTED BY CCNMatthews The TSX Venture Exchange has neither approved or dissaproved of the contents herein. Copyright (C) 2004, CCNMatthews. All rights reserved.