CGE

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Corex Gold Corp. (TSX VENTURE:CGE) (the "Company"), wishes to announce that, due
to current market conditions, it will not be proceeding at this time with the
financing announced on March 07, 2011.


Corex, is currently drilling and does not anticipate that its previously
announced 20,000m diamond drill program on the Santana Property to be impacted
by the withdrawal of the financing.


This news release does not constitute an offer to sell or solicitation of an
offer to sell any securities in the United States. The securities have not been
and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities laws and may not be
offered or sold within the United States unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such
registration is available.


About Corex Gold Corp.

Corex Gold Corp is a Canadian resource company focused on the acquisition,
exploration, and development of precious metal deposits in Mexico. Corex is
currently developing its flagship property, the Santana Project, which is a new
gold discovery in Sonora State, Mexico. In addition, Goldcorp Inc. has
implemented an on-going exploration program on Corex's 100% owned Zuloaga
property in Zacatecas State, Mexico.


ON BEHALF OF THE BOARD

Craig D. Schneider, President & CEO

Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the
future performance of Corex Gold Corp. Forward-looking statements, specifically
those concerned with future performance are subject to certain risks and
uncertainties, and actual results may differ materially. These risks and
uncertainties are detailed from time to time in Corex Gold Corp.'s filings with
the appropriate securities commissions.

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