http://www.adexmining.com/ brief Descriptionhttp://www.adexmining.com/Copyright 2005-2007 http://www.adexmining.com/ All Rights Reserved. Toronto – June 23, 2010 – Adex Mining Inc. (“Adex” or the “Company”) (TSX-V: ADE) is pleased to announce that Michael M. Boyd has been appointed a director of the Company, subject to regulatory approval. Mr. Boyd has also been appointed as Chairman of the Company’s Nomination and Corporate Governance Committee.  Mr. Boyd is an entrepreneurial business leader and senior finance executive with extensive experience in bridge debt financing, venture capital, private equity, lending and corporate finance. He has expertise in business start-ups and raising capital through his roles as a senior executive in several Toronto brokerage firms between 1992 and 1995, as Managing Director, Merchant Banking, for HSBC Capital (Canada) Inc. from 1997 to 2002, and in running his own company, Junior Industrial Finance Corp. from 1990 to the present date. Mr. Boyd also managed a bridge fund specializing in enterprise value lending of short to medium term loans from 2002 until its recent wind-up. Errol Farr, President of the Company stated “Mr. Boyd’s extensive experience in the capital and business markets will be a valuable addition to the Board of the Directors as the Company moves forward with the development of its Mount Pleasant Property.”  The Company also wishes to announce that Kabir Ahmed has resigned as a director of the Company effective immediately. Kabir has served as a director of Adex since January of 2007 and also served as President and CEO from August 2006 until his resignation as such in May 2009. Mr. Ahmed was responsible for the Company’s listing on the TSX-V and the successful completion of two equity financings in 2007, as well as the completion of numerous development activities during his tenure as President and CEO. Kabir will continue in a consulting relationship with the Company. Errol Farr, President of the Company stated “I would like to thank Kabir for his years of service and contributions to Adex. It has been a very positive experience working with him and I wish Kabir the best in the future.”  The Company wishes to announce that it has granted options to acquire 200,000 common shares of the Company an exercise price of $0.12 per share to Mr. Boyd pursuant to the Company’s stock option plan. These options, which will vest quarterly over a period of twelve months, expire on June 22, 2015. ABOUT ADEXAdex 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, the Mount Pleasant Mine Property is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol "ADE". FOR FURTHER INFORMATION PLEASE CONTACT:J. Errol Farr, CMAPresident, Chief Executive Officer and DirectorAdex 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING STATEMENTSCertain 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. http://www.adexmining.com/news23062010.php http://www.adexmining.com/news23062010.php Wed, 23 Jun 2010 00:00:00 -0500 Toronto – June 2, 2010 –  Adex Mining Inc. (“Adex” or the “Company”) (TSX-V: ADE) is pleased to provide an update on its tin, indium and zinc bench scale test project being carried out by SGS Lakefield Research Limited (“SGS”) of Lakefield, Ontario to evaluate the production of tin concentrate and zinc-indium concentrate from the North Zone (“NZ”) at Adex’s wholly-owned Mount Pleasant Mine Property (“Mount Pleasant” or the “Property”), located in southwestern New Brunswick, Canada. The bench scale program is a two-pronged approach. The first step is designed to produce indium-bearing zinc concentrate for further upgrading to a 95% indium sponge utilizing an exclusive hydrometallurgical process being developed for Adex by Thibault & Associates in Fredericton, New Brunswick.  The second step is designed to test the production of a tin concentrate for direct sale to a tin smelter. Management and directors of Adex were present at SGS to observe the final stage of the bench scale program - locked cycle testwork on both products - on May 28, 2010. Test results will be released as soon as they are available. The bench scale program will now lead directly to a pilot plant program which will be carried out at SGS. A 100 tonne sample from the North Zone has already been received at SGS in Lakefield and the pilot plant will be set up over the next two weeks with pilot plant operations scheduled to begin by mid-June. Errol Farr, President and CEO of Adex, stated: “We are very pleased with both the metallurgical and hydrometallurgical progress of our NZ testwork to date,. We look forward to assessing the final results of the bench scale metallurgical program, and anxiously await pilot plant results which will be used for scale up to commercial production.” Adex’s Mount Pleasant Property hosts two important and separate mineral resources: the tungsten-molybdenum bearing Fire Tower Zone (the “FTZ”) and the tin-indium-zinc bearing NZ. The FTZ is the site of a past-producing tungsten-molybdenum underground mining operation that produced and sold tungsten concentrate between 1983 and 1985. ABOUT ADEXAdex 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, the Mount Pleasant Mine Property is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol "ADE". FOR FURTHER INFORMATION PLEASE CONTACT:J. Errol Farr, CMAPresident, Chief Executive Officer and DirectorAdex 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING STATEMENTSCertain 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. http://www.adexmining.com/news02062010.php http://www.adexmining.com/news02062010.php Wed, 02 Jun 2010 00:00:00 -0500 Toronto – May 11, 2010 – Adex Mining Inc. (“Adex” or the “Company”) (TSX-V: ADE) is pleased to announce that SGS Lakefield Research Limited (“SGS”) of Lakefield, Ontario has been engaged to test the hydrometallurgical treatment of molybdenum concentrate from the Fire Tower Zone (“FTZ”) at Adex’ wholly-owned Mount Pleasant Mine Property (“Mount Pleasant” or the “Property”), located in southwestern New Brunswick, Canada. Adex has engaged SGS to perform a scoping level investigation of a hydrometallurgical flowsheet that is designed to allow Adex to produce high grade ammonium molybdate at its Mount Pleasant operations. The process involves pressure oxidation of the molybdenite to convert the sulphide concentrate to an oxide, followed by an atmospheric ammonia leach of the molybdenum trioxide product. Ammonium dimolybdate crystals are then recovered from the ammonia leach liquor by evaporation and crystallization. Results from test work, expected in about six weeks, will, if positive, lead to an upgrade to the conceptual framework related to the production of tungsten and molybdenum products as described in the 2008 FTZ Scoping Study completed by Aker Metals, a division of Aker Solutions Canada Inc., which indicated a pre-tax internal rate of return (“IRR”) of 27% for the production of ammonium paratungstate (“APT”)  and molybdenum sulphide concentrate, based on projected product prices for APT of $US215 per metric tonne unit and for molybdic oxide (MoO3) of US$23.17 per pound.  An executive summary of the 2008 Scoping Study is contained in the National Instrument 43-101 (“NI 43-101”) compliant technical report (the “Technical Report”) on the Fire Tower Zone (“FTZ”) entitled “A Technical Review of the Mount Pleasant Property, Including an updated Mineral Resource Estimate on the Fire Tower Zone, Southwestern New Brunswick for Adex Mining Inc.” dated December 1, 2008 and completed by Paul Dunbar, M.Sc., P.Geo. Senior Associate Geologist of Watts, Griffis and McOuat Limited, Dorota A. El-Rassi, M.Sc., P.Eng., Geological Engineer of SRK Consulting and John S. Rogers, P.Eng., of Aker Metals, a division of Aker Solutions Canada Inc., which is available on www.sedar.com. Errol Farr, the President and CEO of Adex, stated, “This investigation, while preliminary in nature, is another step toward evaluating the re-commencement of mining the FTZ. With metal prices, especially for molybdenum, showing recovery in 2010, the FTZ is demanding new attention by Adex management.” It is the goal of Adex to produce value added products with each of the mineral concentrates which may ultimately be processed at Mount Pleasant. The 2008 FTZ Scoping Study and the economic analyses contained therein are preliminary in nature and contain "Inferred" mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the results of the 2008 FTZ Scoping Study will be realized with more detailed work. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Adex is currently engaged in bench and pilot metallurgical test programs for the production of tin concentrate and value added zinc and indium metal products from its Mount Pleasant North Zone (“NZ”) resource, as discussed in a press release dated March 3, 2010.  Adex intends to make a production decision on the NZ in 2010 pending completion of a definitive feasibility study scheduled for forth quarter of this year. The Property hosts two important and separate mineral resources, being the tungsten-molybdenum bearing FTZ and the tin-indium-zinc bearing NZ. The FTZ is the site of a past-producing tungsten-molybdenum underground mining operation that produced and sold tungsten concentrate between 1983 and 1985.  Qualified PersonTrevor 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 NI 43-101.   ABOUT ADEXAdex 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, the Mount Pleasant Mine Property is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol "ADE". FOR FURTHER INFORMATION PLEASE CONTACT:J. Errol Farr, CMAPresident, Chief Executive Officer and DirectorAdex 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING STATEMENTSCertain 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. http://www.adexmining.com/news11052010.php http://www.adexmining.com/news11052010.php Tue, 11 May 2010 00:00:00 -0500 Toronto – March 3, 2010 - Adex Mining Inc. (“Adex” or the “Company”) (TSX-V: ADE) continues to move forward with confirmation of the process development options outlined in its recently filed National Instrument 43-101 (“NI 43-101”) compliant preliminary assessment report (the “PA”) on the North Zone ("NZ") of its wholly-owned Mount Pleasant Mine Property (“Mount Pleasant” or the “Property”), located in southwestern New Brunswick, Canada. Two potential NZ production options resulted from the PA: the production of tin concentrate, indium sponge and zinc metal, and the production of tin concentrate and zinc-indium concentrate. Adex has engaged SGS Lakefield to perform bench scale performance and locked cycle testing for its tin concentrate and zinc-indium concentrate production option and has secured a spot with SGS for commencement in April of pilot plant operations. As well, Adex has engaged Thibault & Associates Inc. of New Brunswick for pilot testing and continuing development of a comprehensive flowsheet of its hydrometallurgical process for the production of zinc metal and indium sponge metal. Results from pilot plant test work, expected by mid-summer 2010, will, if positive, lead directly to a definitive feasibility study (“DFS”), which will initially run concurrently with the final stages of the pilot plant programs. Positive results from the DFS as well as government regulatory approvals and project financing are expected to lead to a production decision before the end of 2010.  Pending the developments referred to above, Adex expects to be positioned to construct an access decline and begin engineering and procurement of processing equipment by early 2011. Concentrator production is targeted for late 2011. The PA, which is available at www.sedar.com, indicated pre-tax internal rates of return (“IRR”) for the tin concentrate, indium sponge and zinc metal production option and the tin concentrate and zinc-indium concentrate production option of 28.87% and 23.49%, respectively.  The PA also indicated an after-tax IRR of 22.55% for the tin concentrate, indium sponge and zinc metal production option, and an after-tax IRR of 18% for the tin concentrate and zinc-indium concentrate production option. The PA and the economic analyses contained therein are preliminary in nature and contain "Inferred" mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PA will be realized with more detailed work. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Property hosts the tungsten-molybdenum bearing Fire Tower Zone (“FTZ”) and the tin-indium-zinc bearing NZ. The FTZ is the site of a past-producing tungsten-molybdenum underground mining operation that produced and sold tungsten concentrate between 1983 and 1985.  Qualified PersonJ. Dean Thibault, P. Eng., Senior Process Chemical Engineer and Principal of Thibault & Associates Inc., an independent qualified person as defined by NI 43-101, supervised the preparation of the technical information contained in this press release in compliance with NI 43-101.ABOUT ADEXAdex 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, the Mount Pleasant Mine Property is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol "ADE". FOR FURTHER INFORMATION PLEASE CONTACT:J. Errol Farr, CMAPresident, Chief Executive Officer and DirectorAdex 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING STATEMENTSCertain 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. http://www.adexmining.com/news03032010.php http://www.adexmining.com/news03032010.php Wed, 03 Mar 2010 00:00:00 -0600 TORONTO, ONTARIO – February 4, 2010 - Adex Mining Inc. ("Adex" or the "Company") (TSX-V:ADE) is pleased to announce that the board of directors today granted an aggregate of 1,750,000 stock options of the Company (the "Options") to its directors and officers and to certain employees and consultants of the Company.Each Option entitles the holder to acquire one common share of the Company at a price of $0.15. The Options, which vest quarterly over a period of twelve months, expire on February 3, 2015.ABOUT ADEX:Adex Mining Inc. 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 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol “ADE”.FOR FURTHER INFORMATION PLEASE CONTACT:J. Errol FarrPresident and CEO, DirectorAdex Mining Inc.1-866-508-2339 (ADEX)Email: investorrelations@adexmining.comWebsite: www.adexmining.comNo securities commission or regulatory authority has approved or disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. http://www.adexmining.com/news04012010.php http://www.adexmining.com/news04012010.php Thu, 04 Feb 2010 00:00:00 -0600 Toronto – January 26, 2010 - Adex Mining Inc. ("Adex" or the "Company") (TSX-V: ADE) is pleased to announce the filing of a National Instrument 43-101 ("NI 43-101") compliant preliminary assessment report (the "PA") on the North Zone ("NZ") of its wholly-owned Mount Pleasant Mine Property ("Mount Pleasant" or the "Property"), located in southwestern New Brunswick, Canada with the Ontario, British Columbia and Alberta securities commissions. As reported in a press release issued by Adex on December 9, 2009 (Adex Mining Reports Indium, Zinc and Tin Production Options for Mount Pleasant North Zone), the results of the PA indicate that there are two potentially viable production options for the NZ, including the production of tin concentrate, indium sponge and zinc metal, and the production of tin concentrate and zinc-indium concentrate.  Based on a 10-year projected life for the NZ and production rate of 850 tonnes per day, the PA shows pre-tax internal rates of return (“IRR”) for the tin concentrate, indium sponge and zinc metal production option and the tin concentrate and zinc-indium concentrate production option of 28.87% and 23.49%, respectively. The press release issued by Adex on December 9, 2009 indicated an after-tax NPV and IRR for tin concentrate, indium sponge and zinc metal production option of $54.2 million and 23.94%, respectively, and an after-tax NPV and IRR for tin concentrate and zinc-indium concentrate production option of $21.5 million and 19.3%, respectively. A modification to the tax computation structure resulted in the reported after-tax values being slightly higher than the values currently indicated in the PA. The PA indicates an after-tax NPV and IRR for the tin concentrate, indium sponge and zinc metal production option of $47.2 million and 22.55%, respectively, and an after-tax NPV and IRR for the tin concentrate and zinc-indium concentrate production option of  $18.1 million and 18.0%, respectively. The pre-tax NPVs and IRRs are, however, consistent between the press release issued by Adex on December 9, 2009 and the PA. Adex’s position is not materially affected by the changes in the after-tax results. The PA and the economic analyses contained therein are preliminary in nature and contain "Inferred" mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PA will be realized with more detailed work. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The PA is now available on www.sedar.com. Qualified PersonsJ. Dean Thibault, P. Eng., Senior Process Chemical Engineer and Principal of Thibault & Associates Inc., an independent qualified person as defined by NI 43-101, supervised the preparation and compilation of the PA and the technical information related to metallurgical, hydrometallurgical and economic information contained in this press release in compliance with NI 43-101.Andrew Hara, P. Eng., Mining Engineer, an independent qualified person as defined by NI 43-101, supervised the preparation of the technical information related to mine planning and mining contained in this press release in compliance with NI 43-101. Tim R. McKeen, P. Eng., Process Chemical Engineer, an independent qualified person as defined by NI 43-101, supervised the preparation of the technical information related to metallurgical processing contained in this press release in compliance with NI 43-101. Stephanie M. Scott, P. Eng., Process Chemical Engineer, an independent qualified person as defined by NI 43-101, supervised the preparation of the technical information related to hydrometallurgical processing contained in this press release in compliance with NI 43-101. Trevor Boyd, P. Geo., the Company's Geological Consultant and a qualified person as defined by NI 43-101, supervised the preparation of the geological technical information contained in this press release in compliance with NI 43-101. ABOUT ADEXAdex 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, the Mount Pleasant Mine Property is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol "ADE". FOR FURTHER INFORMATION PLEASE CONTACT:J. Errol Farr, CMAPresident, Chief Executive Officer and DirectorAdex 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING STATEMENTSCertain 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. http://www.adexmining.com/news26012010.php http://www.adexmining.com/news26012010.php Tue, 26 Jan 2010 00:00:00 -0600 Toronto – January 12, 2010 – Adex Mining Inc. (“Adex” or the “Company”) (TSX-V: ADE) is pleased to announce it has successfully developed a process for the production of a high purity indium at its Mount Pleasant Mine Property ("Mount Pleasant" or the "Property"), located in southwestern New Brunswick Canada. Adex overcame a major hurdle at the close of 2009 by producing the first few grams of indium in its bench scale hydrometallurgical process (the “hydromet process”) development program. “I am very optimistic,” stated Errol Farr, Adex President and CEO. “It doesn’t seem like much when you hold it in your hand, but this little nugget sized piece of indium represents the promise of Adex’s success at Mount Pleasant. The potential to produce and direct market a high grade indium product would put Adex in a unique position amongst junior mining companies.” The bench scale process development work completed to date indicates that the unique hydromet process technology is capable of producing indium in excess of 88% purity. Bench scale optimization of process chemistry to confirm design parameters for the hydromet pilot plant testwork is ongoing. The hydromet process, developed by Thibault & Associates Inc. of Fredericton, an Adex consultant, involves leaching base metal sulphide concentrate containing approximately 4500 ppm indium and recovering the indium and zinc through a series of solvent extraction and solution purification processes. Adex is considering patent applications with respect to certain aspects of this hydromet process technology. Indium production potential at Mount Pleasant is about 40 tonnes per year (“tpy”) based on processing 850 tpd of mill feed. Adex is considering two commercial production scenarios for Mount Pleasant. Under the tin concentrate, indium and zinc metal production model, there is also potential to produce about 4,000 tonnes of zinc metal and 3,200 tonnes of tin concentrate per year from the North Zone (“NZ”). Under the tin concentrate and zinc-indium concentrate production model, there is potential to produce about 8,500 tonnes of indium rich zinc concentrate and 3200 tonnes of tin concentrate from the NZ. With successful scoping/preliminary economic studies behind it as disclosed in the Company’s press release dated January 7, 2010, the Company is now focused on piloting indium-zinc concentrate and tin concentrate production and on piloting its innovative hydromet process to produce indium and zinc metal. Successful pilot test programs will lead to a definitive feasibility study. Positive results from the definitive feasibility study will lead to applications for necessary regulatory approvals and efforts to secure financing to fund engineering, equipment purchase and construction, resulting finally in production. Adex believes it will be well positioned to begin mine development and process equipment purchase and installation assuming positive results from its definitive feasibility study, government regulatory approvals and project financing by early 2011. Concentrator production is targeted for October/November 2011. In addition to the tin-indium-zinc-copper bearing NZ, Mount Pleasant hosts the tungsten-molybdenum bearing Fire Tower Zone ("FTZ"). The FTZ is the site of a tungsten-molybdenum underground mining operation that was only in production between 1983 and 1985. Mineral resources that are not mineral reserves do not have demonstrated economic viability Dean Thibault, P. Eng., Senior Process Chemical Engineer of Thibault & Associates Inc., a consultant to Adex and an independent qualified person as defined by National Instrument 43-101 (“NI 43-101”) supervised the preparation of the technical information contained in this press release in compliance with NI 43-101. ABOUT ADEXAdex 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-mineral project that is host to promising tungsten-molybdenum and tin-indium-zinc-copper mineralization. Located in Charlotte County, New Brunswick, the Mount Pleasant Mine property is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol “ADE.” Technical and business information regarding Adex’s Mount Pleasant property is available on SEDAR at www.sedar.com and the Company’s website at www.adexmining.com. FOR FURTHER INFORMATION PLEASE CONTACT:J. Errol Farr, CMAPresident, Chief Executive Officer and DirectorAdex 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING STATEMENTSCertain 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. http://www.adexmining.com/news12012010.php http://www.adexmining.com/news12012010.php Tue, 12 Jan 2010 00:00:00 -0600 Toronto - January 7, 2010 - Adex Mining Inc. ("Adex" or the "Company") (TSX-V: ADE) is pleased to announce its development plans for 2010 at its Mount Pleasant Mine Property ("Mount Pleasant" or the "Property"), located in southwestern New Brunswick Canada. The Property hosts the tungsten-molybdenum bearing Fire Tower Zone ("FTZ") and the tin-indium-zinc bearing North Zone ("NZ"). The FTZ is the site of a past-producing tungsten-molybdenum underground mining operation that was active between 1983 and 1985. Adex is set to have another busy year in 2010 following the completion of its successful FTZ scoping study in 2008 and its equally successful NZ Preliminary Assessment ("PA") in 2009. The 2008 FTZ scoping study arrived at a pre-tax Internal Rate of Return ("IRR") of 27.1%, while the North Zone PA showed a 28.87% pre-tax IRR for tin concentrate, indium sponge and zinc metal production and a 23.49% IRR for tin concentrate and zinc-indium concentrate production. The Company recently completed a flow-through financing in excess of $1 million the proceeds of which it intends to use to undertake two separate pilot plant programs: (i) concentrate production by conventional flotation and (ii) metals production using hydrometallurgical processes. Adex has a total of approximately $3 million in cash, including the proceeds of the flow-through financing. The following table shows the projected timelines for various aspects of the Company’s plans to bring the NZ into production. Project – North Zone Production Timeline Pilot plant program – production of tin and indium-zinc concentrates Winter – Summer 2010 Pilot plant program – production of indium sponge and zinc metal Winter – Summer 2010 Concluding concentrate and metal off-take sales contracts Winter – Summer 2010 Drilling – confirmation drilling of zones of inferred resources in order to upgrade to indicated resources Spring – Summer 2010 Definitive feasibility study Summer – Fall 2010 Production decision Fall 2010Adex believes it will be well positioned to begin equipment purchase and installation, and mine development – pending positive results from its definitive feasibility study, government regulatory approvals and project financing – by early 2011. Concentrator production is targeted for October/November 2011. Pilot ProgramsThe concentrate pilot program is a two stage effort beginning with bench scale work to confirm parameters for producing a marketable indium-bearing zinc concentrate and a saleable tin concentrate and culminating in pilot operations continuously producing both zinc/indium and tin concentrates; the hydrometallurgical pilot program focuses on producing zinc metal and high grade indium sponge from indium bearing zinc concentrate.  The concentrate program will begin in early January and the hydrometallurgical pilot program will begin in early February. Each is scheduled to be completed by mid-summer 2010. Concentrate and Metal Off-Take Sales ContractsAdex has commenced negotiation of letters of intent for the sale of its indium sponge and for the sale of its tin concentrate. The successful conclusion of these letters of intent will open the door to the negotiation of sales contracts and will influence the production decision expected by late fall 2010. In addition, details are being finalized on a letter of intent for the sale of Adex’s zinc/indium concentrate, including an appropriate pay factor for indium. Drilling ProgramAdex intends to carry out a 2000 metre, half million dollar drilling program which will focus on upgrading the inferred portion of the NZ resources to the indicated category. The drilling program will result in a revision to the GEMCOM solid model of the NZ and an updated NI 43-101 resource estimation. The drilling program is scheduled to begin in late spring 2010. Definitive Feasibility and Production DecisionA definitive feasibility study is scheduled to commence in mid-summer 2010 and will initially run concurrently with the final stages of the pilot programs. The definitive feasibility study is expected to result in a production decision during the latter half of 2010. ABOUT ADEXAdex 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-mineral project that is host to promising tungsten-molybdenum and tin-indium-zinc-copper mineralization. Located in Charlotte County, New Brunswick, the Mount Pleasant Mine property is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol "ADE." Technical and business information regarding Adex’s Mount Pleasant property is available on SEDAR at www.sedar.com and the Company’s website at www.adexmining.com. FOR FURTHER INFORMATION PLEASE CONTACT:J. Errol Farr CMAPresident, Chief Executive Officer and DirectorAdex 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING STATEMENTSCertain 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. http://www.adexmining.com/news07012010.php http://www.adexmining.com/news07012010.php Thu, 07 Jan 2010 00:00:00 -0600 Toronto – December 30, 2009 – Adex Mining Inc. (“Adex” or the “Company”) (TSX-V: ADE) is pleased to announce that it has raised $1,009,040 through a private placement completed today of 8,408,665 units (the “Units”) at a price of $0.12 per Unit (the “Offering”). Each Unit is comprised of one flow-through common share of Adex (a “Flow-Through Share”) within the meaning of the Income Tax Act (Canada) and one-half of one common share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder thereof to acquire one common share of Adex at a price of $0.175 at any time prior to 5:00 p.m. (Toronto time) on the first anniversary of the date of the closing of the Offering and at a price of $0.20 at any time following 5:00 p.m. (Toronto time) on the first anniversary of the date of the closing of the Offering and prior to 5:00 p.m. (Toronto time) on the second anniversary of the date of the closing of the Offering at which time any unexercised Warrants will expire.   On the closing of the Offering, First Canadian Securities, a division of Limited Market Dealer Inc., (“First Canadian”) was paid a cash finder's fee of $19,000 representing 2% of the gross proceeds of the Offering raised through the subscriptions by members of the MineralFields Group of Companies for an aggregate of $950,000 of Units. In addition, First Canadian was issued irrevocable and non-transferable finder’s fee options (the “First Canadian Finder’s Fee Options”) to purchase 554,166 finder’s fee units (the “Finder’s Fee Units”) (equal to 7% of the 7,916,665 Units sold pursuant to the Offering to members of the MineralFields Group of Companies) at a price of $0.12 per Finder’s Fee Unit at any time prior to 5:00 p.m. (Toronto time) on the second anniversary of the date of the closing of the Offering. Each Finder’s Fee Unit will consist of one common share and one-half of one Warrant. Kingsdale Capital Markets Inc. (“Kingsdale”) was paid a cash finder's fee of $600 representing 2% of the gross proceeds of the Offering raised through subscriptions arranged for by Kingsdale. Kingsdale was also issued irrevocable and non-transferable finder’s fee options (the “Kingsdale Finder’s Fee Options”) to purchase 262,499 finder’s fee units (the “Finder’s Fee Units”) (equal to 3% of the 7,916,665 Units sold pursuant to the Offering to members of the MineralFields Group of Companies and 10% of the 250,000 Units sold to subscribers arranged for by Kingsdale). The Kingsdale Finder’s Fee Options have terms identical to those of the First Canadian Finder’s Fee Options   Adex will use the gross proceeds from the Offering to incur exploration expenditures which are eligible as Canadian Exploration Expenses under the Income Tax Act (Canada).  The exploration expenditures will be made to advance development of the Company’s wholly-owned Mount Pleasant Mine Property located in New Brunswick, Canada.   “We are very pleased to be commencing a relationship with MineralFields Group”, said Errol Farr, the President and Chief Executive Officer of Adex. “This is an important milestone in the growth of Adex and we look forward to working with MineralFields Group as we advance the development of our wholly-owned Mount Pleasant Mine Property located in New Brunswick, Canada.”   All securities issued pursuant to the Offering (and any underlying securities) will be subject to applicable statutory and regulatory hold periods expiring on May 1, 2010. 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-mineral project that is host to promising tungsten-molybdenum and tin-indium-zinc-copper mineralization. Located in Charlotte County, New Brunswick, the Mount Pleasant Mine property is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol “ADE.” Technical and business information regarding Adex’s Mount Pleasant property is available on SEDAR at www.sedar.com and the Company's website at www.adexmining.com.   ABOUT MINERALFIELDS, PATHWAY AND FIRST CANADIAN SECURITIES MineralFields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com.  First Canadian Securities is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting services to resource companies.  MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities.   FOR FURTHER INFORMATION PLEASE CONTACT:J. Errol Farr, CMA 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.   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.   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. http://www.adexmining.com/news30122009.php http://www.adexmining.com/news30122009.php Wed, 30 Dec 2009 00:00:00 -0600 Toronto - December 9, 2009 - Adex Mining Inc. ("Adex" or the "Company") (TSX-V: ADE) is pleased to announce the results of a new Preliminary Assessment ("PA") on its wholly-owned Mount Pleasant Mine Property ("Mount Pleasant" or the "Property") located in southwestern New Brunswick, Canada. Mount Pleasant is the site of a past-producing tungsten-molybdenum underground mining operation, which operated during the 1980s. This PA is a preliminary technical and economic assessment of the production of tin, indium and zinc products from the North Zone ("NZ") of the Property. The results of the PA indicate that there are two viable production options for the NZ, including the production of tin concentrate, indium sponge and zinc metal and the production of tin concentrate and zinc-indium concentrate. Based on a 10-year project life and production rate of 850 tonnes per day ("tpd"), the PA shows pre-tax internal rates of return ("IRR") for the tin concentrate, indium sponge and zinc metal production option and the tin concentrate and zinc-indium concentrate production option of 28.87% and 23.49% respectively as shown in the table below. "These are exciting times for Adex," said Errol Farr, President and CEO of Adex. "The PA results reinforce Adex's plans for piloting the concentrate and metals flowsheets as a next phase leading to definitive feasibility and production. The NZ development is an integral part of Adex's overall strategy for producing tin, indium, zinc, tungsten and molybdenum from the resources at the Property." NZ production is based on the economic assessment of the resource over a 10 year mine life, and on conceptual mining and metallurgical processing methods as well as end-user standard revenue agreements. The PA indicates that the in situ outlined mineable blocks total 2,894,579 tonnes grading 0.76% tin, 191 grams per tonne ("gpt") indium, and 1.91% zinc. The actual production rate of 850 tpd was determined by applying a 10% dilution factor with 85% mining extraction. Results from previously completed metallurgical test programs characterizing the recovery of tin, indium and zinc from the NZ resource were used to design a conceptual process flowsheet using flotation and gravity separation.  A dynamic process simulation and economic model was used to assess the economic potential of the resource by varying tonnage, grade and prospective revenue generation for value-added products. Value-added products to be produced on site include indium sponge and zinc metal from chloride hydrometallurgy. The PA is considered to be accurate within minus 10% to plus 35% on the basis of the: purchase of new and refurbished equipment; installation costs defined by factored estimates relative to industry trends; local labour and power rates and budget fuel and reagent costs; mining costs based on use of new equipment; minimum refurbishment of existing infrastructure, including the mine access adit, processing buildings and facilities, electrical services, and process, potable and fire water distribution systems, and: product revenue determined from standard smelter off-take agreements (smelter schedules) and published metal pricing for a three year average up to the second quarter 2009. The preliminary NZ technical/economic assessment including site administration, mining, processing, environmental management and product marketing is summarized below for the two processing options.  Each model includes zinc flotation followed by tin flotation. Option 1 - Production of Tin Concentrate, Indium Sponge and Zinc MetalTin concentrate is produced using a combination of flotation and gravity separation.  The process is well documented from testwork completed on samples of mineralized rock from the NZ by Cominco Engineering Services Ltd. ("CESL") and Lakefield Research (now SGS) during the 1990's.  Optimum process chemistry for the hydrometallurgical processing of zinc concentrate is being defined by bench scale studies prior to piloting.  High-grade indium sponge and zinc metal are the target products, which rely on a combination of leaching, solvent extraction and impurity precipitation stages.  Option 2 - Production of Tin Concentrate and Zinc-Indium ConcentrateTin and zinc concentrate production are commercially proven process technologies. The economics of the concentrate option are sensitive to the net smelter return for indium contained in a zinc concentrate, which conceptually could be 0.49% (4900 gpt) indium. A conservative indium pay factor of 15% yields the results disclosed in this assessment.   Metallurgical and hydrometallurgical test programs designed to verify the selected process technology, discussion with various zinc smelters regarding revenue generation from zinc/indium concentrate, and discussion with indium metal producers are currently ongoing. Adex has also opened dialogues regarding tin concentrate sales with metal traders and off-shore tin smelters. The PA includes a review by Trevor Boyd, P. Geo., the Company's Geological Consultant and a qualified person as defined by National Instrument 43-101 ("NI 43-101"), of the NI 43-101 compliant mineral resource estimate for the NZ completed by Watts, Griffis and McOuat Limited ("WGM"), Consulting Geologists and Engineers, and SGS-Geostat Limited ("SGS") in May, 2009, a mine plan provided by Andrew Hara, P. Eng., Senior Mining Engineer of Hara Mining Enterprises Inc., a qualified person as defined by NI 43-101, and an economic assessment of process alternatives, market evaluation, and environmental management technology completed by Dean Thibault, P. Eng., Senior Process Chemical Engineer of Thibault & Associates Inc., a qualified person as defined by NI 43-101. Dean Thibault, P. Eng., Senior Process Chemical Engineer of Thibault & Associates Inc., an independent qualified person and consultant to Adex, is preparing a NI 43-101 compliant Technical Report with respect to the PA which Adex will file on SEDAR within 45 days of today's date. The mineral resource estimate for the NZ is contained in a Technical Report, entitled "A Technical Review of the Mount Pleasant Property, Including a Mineral Resource Estimate on the North Zone, Southwestern New Brunswick for Adex Mining Inc.", dated May 6, 2009 and completed by Paul Dunbar, P.Geo. Senior Associate Geologist of WGM and Robert de l'Etoile, Eng. Senior Geological Engineer of SGS, which is available on SEDAR at www.sedar.com.  Details of this NI 43-101 compliant mineral resource estimate are as follows:For the purposes of this review, a total of 97 high grade Sn-In-Zn blocks of mineralization from the surface to 250 metres depth were identified from within the NZ indicated and inferred resources and compiled on sections and subsequently modelled into GEMCOM solid models.  The total undiluted and diluted estimates of the blocks are presented in the following chart.    BD - below detection.    Fire Tower ZoneMount Pleasant's tungsten/molybdenum sector of the Property, called the Fire Tower Zone ("FTZ"), was positively identified as a viable production opportunity in an Aker Solutions 2008 scoping study. Capital expenditures for that study depended entirely on new equipment purchases rather than the new/used mix which is proposed for the NZ. The scoping study of the FTZ is summarized in an NI 43-101 compliant Technical Report, entitled "A Technical Review of the Mount Pleasant Property, Including an updated Mineral Resource Estimate on the Fire Tower Zone, Southwestern New Brunswick for ADEX Mining Inc." dated December 1, 2008 and completed by Paul Dunbar, M.Sc., P.Geo. Senior Associate Geologist of WGM, Dorota A. El-Rassi, M.Sc., P.Eng., Geological Engineer of SRK Consulting and John S. Rogers, P.Eng., of Aker Metals, a division of Aker Solutions Canada Inc., which is available on SEDAR at http://www.sedar.com/. "The Fire Tower Zone scoping study plus North Zone PA confirm the potential for a unique multi-metal production opportunity for Adex," Mr. Farr continued, "which includes simultaneous commercial production of tungsten and molybdenum products from the Fire Tower Zone, and tin, indium and zinc products from the North Zone." The PA and the economic analyses contained therein are preliminary in nature and contain inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the results of the PA will be realized with more detailed work. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Qualified PersonsTrevor 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 regarding the mineral resource estimate at the Property contained in this press release in compliance with NI 43-101. Andrew Hara, P. Eng., of Hara Mining Enterprises Inc., a consultant to Adex and an independent qualified person as defined by NI 43-101, supervised the preparation of the technical information regarding mining contained in this press release in compliance with NI 43-101.  Dean Thibault, P. Eng., Senior Process Chemical Engineer of Thibault & Associates Inc., a consultant to Adex and an independent qualified person as defined by NI 43-101, supervised the preparation of the technical information regarding process design and all associated engineering work leading to mineral and metal production contained in this press release in compliance with NI 43-101. ABOUT ADEXAdex 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-mineral project that is host to promising tungsten-molybdenum and tin-indium-zinc-copper mineralization. Located in Charlotte County, New Brunswick, the Mount Pleasant Mine property is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol "ADE." Technical and business information regarding Adex's Mount Pleasant property is available on SEDAR at www.sedar.com and the Company's website www.adexmining.com. FOR FURTHER INFORMATION PLEASE CONTACT:J. Errol Farr, CMAPresident, Chief Executive Officer and DirectorAdex 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING STATEMENTSCertain 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 http://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. http://www.adexmining.com/news09122009.php http://www.adexmining.com/news09122009.php Wed, 09 Dec 2009 00:00:00 -0600