Micrex Development Corp. advised that it has received Metallic and Industrial Minerals Permits in Alberta from Alberta Resource Revenue and Operations to continue exploration and development of its registered claims near the area of its leased mineral properties in the southeast part of the Province of Alberta. This will greatly assist Micrex in its final planning for the completion of this development in the Crowsnest area.

This project will produce heavy media magnetite for the coal industry. This demand is estimated at $20,000,000 per year with a substantial market for the titanium by-products used in the paint industry. Micrex has received considerable interest from the companies using these products and several of these large companies are anxious to represent Micrex in the distribution of same.