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(via Thenewswire.ca)

HALIFAX, NOVA SCOTIA -- (July 19, 2013) - Greg Isenor, President and CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI) announces:


Share Placement with IAMGOLD Corporation


Merrex has arranged a shares-for-debt settlement with one creditor. IAMGOLD Corporation has agreed to subscribe for 6,666,667 shares at a price of $0.06 per share to settle $400,000 of debt relating to the 2012 Siribaya Gold Project joint venture exploration program. The remaining balance of debt relating to the 2012 Siribaya Gold Project joint venture exploration program will be paid in cash concurrently with the issuance of the shares. The issuance of the shares will increase IAMGOLD's shareholding in Merrex from 17,616,883 shares (14.8%) to 24,283,550 (19.34%).


The shares are subject to a four month hold period from the date of issuance. The debt settlement is subject to regulatory approval.


About the Siribaya Gold Project


The Siribaya Gold Project is a 50/50 joint Merrex-IAMGOLD advanced-stage gold exploration project in West Mali comprised of approximately 910 square kilometres of gold-prolific exploration permits and permit applications pending. Exploration of the Siribaya Gold Project is conducted under a joint management committee. Expenditures to date on the Siribaya Project total approximately $35 million.


The Siribaya Gold Project presently hosts a NI 43-101 compliant gold resource estimated at 303,900 ounces grading 2.34 g/t Indicated, and 301,400 ounces grading 2.17 g/t Inferred (July 31, 2012 ACA Howe International Limited); the deposit areas are open to the north, south and at depth. Numerous other gold-anomalous target areas have been identified by geochemistry and require drilling.


Gregory P. Isenor, P. Geo., is the Qualified Person as defined under NI 43-101 who has reviewed and is responsible for the technical information presented in this news release.



Merrex is primarily a West African focused gold exploration company with experienced management, a solid exploration team, a prominent gold-producer as a partner and an expanding gold resource ... a winning combination offering investors an extraordinary opportunity.





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On Behalf of the Board
Gregory Isenor, P.Geo.
President & CEO


Merrex Gold Inc.

1550 Bedford Highway
Suite 802, Sun Tower
Bedford, NS B4A 1E6
Tel.: (902) 832-5555
Fax: (902) 832-2223




info@merrexgold.com