NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, ON, March 12, 2007 -- Adex Mining Inc. (the "Corporation" or "Adex") announced today that it has, at the request of the Ontario Securities Commission (the "OSC") following a review of its continuous disclosure record by the OSC, re-filed the following continuous disclosure documents:

(i) audited consolidated financial statements (the "1997 - 2004 Audited Financial Statements") of the Corporation for the fiscal years ended December 31, 2004, December 31, 2003, December 31, 2002, December 31, 2001, December 31, 2000, December 31, 1999, December 31, 1998 and December 31, 1997, together with the report of the Corporation's auditors thereon;

(ii) management's discussion and analysis for the fiscal year ended December 31, 2005;

(iii) management's discussion and analysis for the three months ended March 31, 2006;

(iv) management's discussion and analysis for the three and six months ended June 30, 2006; and

(v) management's discussion and analysis for the three and nine months ended September 30, 2006.

While readers are advised to read the above-mentioned re-filed documents in their entirety, the principal amendments to such documents were made to address the following issues.

The 1997 - 2004 Audited Financial Statements have been amended solely to correct the omission in the audit report relating thereto of references to the financial statements for the year ended December 31, 2000. None of the financial position, results of operations or cash flows of the Corporation during these periods has been affected in any way by the amendments.

The management's discussion and analysis ("MD&A") referred to above have been amended to address the following:

(i) to delete the summaries of revenue from each MD&A since, during the development phase, the Corporation deducts revenues from mineral property expenditures for financial statement presentation and, therefore, did not report any revenue in its financial statements for the relevant periods;

(ii) to correct a typographical error in the MD&A for the year ended December 31, 2005 in the selected financial information in respect of the net loss for the year ended December 31, 2005 (the net loss for the year ended December 31, 2004 was inadvertently shown);

(iii) to clarify in each MD&A that consulting costs which were deferred were capitalized in the Mount Pleasant property account;

(iv) to address concerns that the MD&A did not adequately address the potential consequences if the Corporation was not successful in (a) obtaining a variation of the cease trade order issued by the OSC in respect of the securities of the Corporation to allow the Corporation to raise $500,000 by way of a private placement, and (b) reaching an agreement with the Province of New Brunswick with respect to the deferral of its outstanding property taxes. These concerns have been addressed by the Corporation by updating the effective date of each MD&A to February 22, 2007, at which time the Corporation had both received the variation order from the OSC and entered into an agreement with the Province of New Brunswick to defer the outstanding property taxes due as at December 31, 2006 until the earlier of January 31, 2009 and the date upon which the company obtains a mining license for the Mount Pleasant Property, having cleared all applicable environmental requirements. These developments are now reflected in each MD&A. In addition, a discussion of what steps the Corporation will take if it is not successful in completing the private placement has been added to each MD&A;

(v) the updating of the effective date of each MD&A also required the Corporation to address in each MD&A the fact that in February 2007 $1,017,369.62 of the $1,117,369.62 outstanding principal amount of convertible debentures of the Corporation were converted into common shares of the Corporation and to update the disclosure to reflect the settlement of the litigation involving the Corporation and the engineering firm which conducted a feasibility study on the Corporation's Mount Pleasant property originally commissioned in 1996 and the payment by the Corporation of all amounts relating to such settlement; and

(vi) to clarify in each MD&A that the consulting agreement entered into between the Corporation and its Chief Executive Officer is for an indefinite term, but it is subject to termination by either party without penalty on sixty days written notice.

The Chief Executive Officer and the Chief Financial Officer certifications in respect of the filings for the relevant periods have also been re-filed. All of these re-filed documents are available at www.sedar.com

About Adex:
Adex is a reporting issuer in Ontario and British Columbia whose securities are currently subject to cease trade orders issued by each of the OSC and the British Columbia Securities Commission. The Corporation's primary asset is the Mount Pleasant Mine, a dormant multi-metal mine development project located in Charlotte County, New Brunswick, approximately 80 kilometres south of Fredericton, 97 kilometres northwest of Saint John and 38 kilometres north of St. George.

No securities commission or regulatory authority has approved or disapproved the contents of this press release.