Vancouver, BC – October 19, 2012 – Corex Gold Corp. (the “Company”) wishes to announce that, further to its news release dated July 25, 2012 relating to a letter of intent with Vale Exploration Canada Inc., a wholly-owned subsidiary of Vale S.A., the parties have extended the deadline for entering into a formal option agreement with respect to the Company’s Santana Project from October 19, 2012 to November 5, 2012.

About Corex Gold Corp
Corex Gold Corp is a Canadian resource company focused on the acquisition, exploration, and development of precious/base metal deposits in Mexico. Corex is currently developing its flagship property, the Santana Project, which is a new discovery in Sonora State, Mexico. In addition, Goldcorp Inc. (TSX:G – NYSE:GG) has implemented an on-going exploration program on Corex’s 100% owned Zuloaga property in Zacatecas State, Mexico.

ON BEHALF OF THE BOARD

“Craig D. Schneider”
President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Craig Schneider,
President & CEO

Tel: 604.683.2505
Fax: 604.683-2506
E-mail: [email protected]
Website: www.corexgold.com


Cautionary Statement:
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.” The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.’s filings with the appropriate securities commissions.