NEWS RELEASE

May 14, 2007                         Trading Symbol:  TSX-V: MXI­­­­­­­­­­_____________________________________________________________

Merrex Exploration Update

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HALIFAX, NOVA SCOTIA --(CCNMatthews – May 14 , 2007) -  Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX VENTURE:MXI) provides the following update on Merrex’s financing and exploration activities.

“We have made a significant gold discovery at our Siribaya Project in the West Mali Gold Belt. Merrex recently signed a diamond drill contract and drilling is scheduled to commence immediately. Merrex also expanded its land position at Siribaya by an additional 150 square kilometres.

Drilling continues to be successful on the Jubilee Zinc Project in Nova Scotia. Merrex has extended the strike length of the deposit to 2000 metres and a second diamond drill rig has been added in order to accelerate the program at Jubilee.  Drilling has commenced on the north side of St. Patrick’s Channel.

In the Red Lake/Birch Lake area Merrex is expanding its land position and exploration planning is well underway for the 2007 field season.

All of our exploration plans are progressing on time and on budget.

Pacific International Securities Inc., lead agent on Merrex’s $4.5 million financing, advises that institutional response to our financing is strong and expects that the financing will be fully subscribed” reports Merrex Gold President and CEO Greg Isenor, P. Geo.

Siribaya Gold Project, West Mali

General

In March 2007 Merrex completed a 31,000 metre RAB drill program confirming a substantial gold mineralized structure at Siribaya. The Siribaya Structure currently measures seven kilometres long, is up to one kilometre wide, and has a confirmed depth extension of at least 30 metres. Importantly, the Siribaya structure is still open to the north, south and at depth (see press release: March 30, 2007). All results from that program have been released and summary tables from the winter 2006 -2007 RAB drill program are listed at www.merrexgold.com.

This recently completed RAB drilling program outlined several very significant gold intersections which will be tested to depth by the imminent diamond drilled program.

Drilling

Merrex has signed a diamond drill contract with Boart Longyear and the contractor has advised that the drill will arrive on site this week. All drill access roads and preparations have been completed and drilling will start immediately upon drill arrival.

New Permit

Merrex has filed all necessary applications for an additional mineral permit for the Siribaya project. This permit is located contiguous to the east of Merrex’s Babara Permit and is approximately 150 square kilometers in area. Final approval from the Mali government is pending. Once finalized, this additional permit will bring Merrex’s contiguous land position in the Siribaya Project to over 900 square kilometres.

Geochemical Surveys

Merrex has continued geochemical sampling and prospecting to the north along the Siribaya Structure and in other anomalous gold zones on the Siribaya Permits. Results from these geochemical programs will be released upon receipt and interpretation of all analyses.  

Jubilee Zinc Project, Nova Scotia, Canada

Diamond drilling continues on Merrex’s Jubilee Zinc Deposit in Cape Breton, Nova Scotia.

Merrex has secured a second diamond drill from Logan Drilling to accelerate the pace of the Jubilee drill program. Drill #2 has been sited across St. Patrick’s Channel to the northwest of the known Northwest Extension which is located on the south side of the Channel. On the north side, the first hole is at approximately 250 metres en route to a target depth of approximately 500 metres.

Drill #1 continues to focus on expanding the size of the known Jubilee Deposit including testing some parallel structures.

Recent drilling in the Jubilee Zone has been successful in increasing the strike length of the mineralized zone on the south side of St. Patrick’s Channel to over 2 kilometers. The second drill on the north side of St. Patrick’s Channel is located a further 1000 meters along the structure

Assay results from this program will be released as they become available.

Red Lake / Birch Lake Gold Project, Ontario , Canada

Merrex is in the process of compiling geological and geophysical data and is expanding its land position within the Red Lake and Birch Lake areas. Further details of the claims expansions will be released once all acquisitions have been completed. An extensive exploration program is planned during the summer 2007 field season.

West Voisey’s Bay Joint Venture

Since drilling ceased last field season, the West Voisey’s Bay Joint Venture has obtained additional geophysical data including an airborne gravity survey and an ASTER remote sensing and satellite lineament analysis. These data, together with last season’s drill results, are now being interpreted prior to final selection of drill targets for the 2007 field season.

The West Voisey’s Bay Joint Venture is 50% owned by Merrex.

Other Projects

Merrex is in the process of evaluating other opportunities and announcements will be made on completion of any negotiations.

Merrex Gold is a mineral resource exploration company focused on exploration for gold in West Mali, Africa, zinc in Cape Breton, Nova Scotia, nickel in West Voisey's Bay, Labrador, and gold in Red Lake, Ontario, with a solid organization of people and projects to enable continued aggressive exploration, discovery, and growth.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

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