May 29, 2007                            Trading Symbol: MXI-TSX.V

MERREX INTERSECTS 20.16% ZINC + LEAD OVER 2.7 METRES
NI 43-101 RESOURCE ESTIMATE COMMISSIONED

HALIFAX, N.S., CANADA ------ Merrex Gold Inc., (“Merrex”) (TSX VENTURE: MXI) is pleased to announce further very positive drilling results from its  Jubilee Zinc Property in Cape Breton, Nova Scotia.

Jubilee Drill Results – Summary

Further diamond drilling results have been received from the Jubilee drilling program and we are extremely pleased with the spectacular intersection of zinc-lead mineralization in drill hole MJ07-17A stated Gregory Isenor, Merrex President and CEO. “The drilling at Jubilee continues to report significant numbers while both extending the length of the main Jubilee Mineralized Zone and increasing the size of the Jubilee Zinc Deposit”. These results are significant providing further evidence of the continuity of Jubilee Showing-type grade mineralization in the deposit. 

Merrex is aggressively exploring its Jubilee Zinc Property with a 20,000 metre diamond drilling program. The program, which commenced late last year is designed to further define the extent of the zinc/lead mineralization. Step-out drilling in the main mineralized zone has to date extended the length of the mineralized Jubilee Zone to total length of 2 kilometres (See Map 1). At present two drill rigs are working on the property and a third rig will be located 1000 metres northwest across St. Patrick’s Channel to test for the strike extension of the Jubilee Zinc Deposit in that area.

A mineral resource estimate for the Jubilee Zinc Deposit compliant with Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Reserves Definitions and Guidelines as well as National Instrument 43-101 has been commissioned and will incorporate historic results plus all of the 2006 and the 2007 results available by end June, 2007.

Assay highlights from the program are as follows:

- 20.16% Zinc + Lead / 2.70 metres

-  41.39% Zinc + Lead / 1.20 metres

- 9.22% Zinc + Lead / 1.00 metre

- 3.15% Zinc + Lead / 1.05 metres

- 3.14% Zinc + Lead / 3.40 metres 

Jubilee Drill Results

Significant assay results for the most recently received drill holes are detailed in the table below. (For Merrex’s 2006 drilling results visit our website at www.merrexgold.com.) A map of the most recent results will be posted on our website.

Assay Summary Table

Michael P. Cullen, P. Geo., of Mercator Geological Services Limited, is supervising the drilling program on behalf of Merrex. Mr. Cullen is an independent third party and the qualified person, as defined under National Instrument 43-101, responsible for technical information presented in this news release. Analysis of half core samples was carried out by ALS Chemex and Merrex’s independent Quality Control and Quality Assurance protocols for drill core include blank samples, duplicate samples, certified standards and third party check samples.

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.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.

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