ADEX MINING COMPLETES MINERALOGY STUDY
Toronto,
Tuesday, December 23, 2008 ? Adex Mining Inc. (?Adex? or the ?Company?) (TSX-V: ADE) is pleased to announce
the completion of a mineralogy characterization test program for the recovery
and extraction of tungsten, molybdenum, tin and indium at the Company?s Mount Pleasant Mine Property (the ?Property?) located in
southwestern New Brunswick.
The Property hosts two mineralized zones: the tungsten-molybdenum bearing Fire
Tower Zone (?FTZ?) and the tin-indium bearing North
Zone (?NZ?).
The mineralogy characterization test program was
undertaken with the purpose of assisting the Company develop and validate a
metallurgical process for optimum metal recovery from the Property?s FTZ and NZ. Specifically, a detailed analysis of
the grain size and liberation characteristics of the metals hosted at the
Property was completed to confirm an optimum grinding and metal recovery
circuit.
SGS Lakefield Research Limited of Lakefield, Ontario completed the
mineralogy characterization test program by assessing ore samples from the FTZ
and NZ using a series of metallurgical technologies, including QEMSCAN, X-ray
diffraction and Electron Microprobe analysis.
Qualified Person
Trevor Boyd, P.Geo., the Company?s Geological
Consultant and a qualified person as defined by NI 43-101, supervised the preparation
of the technical information contained in this press release in compliance with
National Instrument 43-101.
ABOUT ADEX:
Adex Mining Inc. is a
Canadian junior mining company with an experienced management team. The Company
is focused on developing its flagship Mount Pleasant Mine Property, a
multi-metal project that is host to promising tungsten-molybdenum and
tin-indium-zinc-copper mineralization. Located in Charlotte County, New
Brunswick, Mount Pleasant
is situated approximately 80
kilometers south of Fredericton,
the provincial capital, and is 65 kilometers from the United States
border. The common shares of Adex trade on the TSX Venture Exchange under the
stock symbol ?ADE?.
FORWARD-LOOKING
STATEMENTS
Certain statements in
this press release may constitute "forward-looking" statements which
involve known and unknown risks, uncertainties and other factors which may
cause actual results, performance or achievements of Adex, its subsidiary or
the industry in which they operate to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. When used in this press release, the words
"estimate", "believe", "anticipate",
"intend", "expect", "plan", "may",
"should", "will", the negative thereof or other variations
thereon or comparable terminology are intended to identify forward-looking
statements. Such statements reflect the current expectations of the management
of Adex with respect to future events based on currently available information
and are subject to risks and uncertainties that could cause actual results,
performance or achievements to differ materially from those expressed or
implied by those forward-looking statements. These risks and uncertainties are
detailed from time to time, including, without limitation, under the heading
"Risk Factors", in reports filed by Adex with the Alberta, British
Columbia and Ontario Securities Commissions which are available at
www.sedar.com and to which readers of this press release are referred for
additional information concerning Adex, its prospects and the risks and
uncertainties relating to Adex and its prospects. New risk factors may arise
from time to time and it is not possible for management to predict all of those
risk factors or the extent to which any factor or combination of factors may
cause actual results, performance and achievements of Adex to be materially
different from those contained in forward-looking statements. Although the
forward-looking statements contained in this press release are based upon what
management believes to be reasonable assumptions, Adex cannot assure investors
that actual results will be consistent with these forward-looking statements. Given
these risks and uncertainties, investors should not place undue reliance on
forward-looking statements as a prediction of actual results.
The forward-looking
information contained in this press release is current only as of the date of
the press release. Adex does not undertake or assume any obligation to release
publicly any revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events, except as required by law.
FOR FURTHER INFORMATION
PLEASE CONTACT:
Kabir Ahmed
President, Chief Executive Officer and Director
Adex Mining Inc.
1-866-508-2339 (ADEX)
Email: investorrelations@adexmining.com
Website: www.adexmining.com
No securities commission or
regulatory authority has approved or disapproved the contents of this press
release.
The TSX Venture Exchange does not
accept responsibility for the adequacy or accuracy of this press release.