Micrex Development Corp. V.MIX.H

Deadwood Mine News

[WEH]

January 16, 2006 Exploration Crew Mobilizing To Deadwood Mine Micrex Development Corp. announced today that Micrex personnel and an exploration crew from the Private Company holding an Option on the Property are being mobilized to Micrex’s 100% owned Deadwood Property in New Mexico, USA. The crew intends to survey the property and map the vein structure in a ten day effort, in preparation for the upcoming drill program. This property hosts a vein type gold / silver deposit averaging .127 oz gold and 6.96 oz. silver per ton, based on records from before the mine was shut down as part of the war effort in World War 2. Records show stope widths of over 20 feet in some places. More recent grab samples across vein exposures in the Deadwood Mine yielded assays as high as .82 oz gold and 39.42 oz silver per ton. Two other parallel vein systems were confirmed by historical mining but were not developed before mine closure. The drill program will be designed to evaluate the entire vein system. Micrex believes that the Deadwood Property offers excellent potential for renewed mine development. Mine reopening will have the advantage of an already existing infrastructure. There is a paved road to the Property, and on the Deadwood Claim tunnels have already been opened to the 600 foot level, with a shaft from surface that accesses the tunnels at all levels. Only a small portion of the known vein has been investigated though active mining on the Deadwood Claim, and the structure remains open at depth on the Deadwood and on strike and down dip for the entire length of the adjoining Sunburst Claim, which is also owned by Micrex. The Sunburst represents over 1000 feet of vein length and has been confirmed through exploratory tunnels from the Deadwood as an extension of the Deadwood’s gold bearing structure. Mine development onto the Sunburst can use the existing infrastructure from the Deadwood Mine. Neighboring properties have developed the same vein down dip to over 1000 feet, and Micrex believes that both the Deadwood and the Sunburst offer the same opportunity. Micrex’s Joint Venture Partner has indicated that they will be aggressively pursuing the Deadwood opportunity with a view of bringing the mine back into production. Further information may be obtained from Perry Meszaros or S.E. Marshall at [phone] or email at [e-mail] MICREX DEVELOPMENT CORP. Peace River Diamond Property • Burmis Magnetite/Titanium Property • St. Charles de Bourget Magnetite/Titanium Property • Fort Steel Placer Property • Bighorn Gold Mine • Banks Gold Mine • Mount Royal Gold Mine • Deadwood Gold Mine • Sunburst Gold Property THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE