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(via Thenewswire.ca)

HALIFAX, NOVA SCOTIA -- (July 25, 2013) - Greg Isenor, President and CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI) announces:


Share Placement with IAMGOLD Corporation


On July 24 the TSX accepted for filing the shares-for-debt settlement announced July 23, 2013.


IAMGOLD Corporation subscribed 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 balance of debt relating to the 2012 Siribaya Gold Project joint venture exploration program of $390,122.54 has been paid.


The shares have been issued increasing 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 expiring November 26, 2013.


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



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