Overview:

Corex Gold Corp. (CVE:CGE) is an exploration company focused on acquisition, exploration and development of high-quality gold projects in Mexico. Corex is interested in evaluating gold projects that have low production cost potential and contain the likelihood of a multi-million ounce plus deposits. Corex is managed by an experienced Management team of exploration geologists and finance professionals with a proven track record in ore body discovery and development. The Company’s flagship property is the Santana property in Sonora, Mexico. Corex is also engaged in a joint venture with Gold Corp on the Zuloaga property in Zacatecas State, Mexico.

Chief Properties:

Santana Project – Sonora, Mexico

The Santana project is located 200 km east-southeast of Hermosillo Sonora State in Mexico. It encompasses 8,050 hectares within the Sierra Madre Occidental gold-silver, copper porphyry belt, and is within 50 km southeast of Alamos Gold’s 3 million Mulatos mine, 105 km southeast of Minefinders Corp’s Delores mine and 76 km west-north-west of Gammon Gold’s Ocampo mine. The property is easily accessible via paved highway, located within 15 km of the property. Santana is 100% owned by Corex Gold.

The Santana property has seen previous, successful drill programs, which defined favorable alterations and associated gold anomalies. Previous holes tested the downdip and strike extensions of Turena, Benjamin and El Nicho Zones. Gold mineralization is associated with alteration assemblages that are characterized by pervasive and structurally controlled iron oxides, quartz vein stockwork, clay and sericite – illite alteration.

A 2009 drill program identified the extension of a known oxide gold mineralization on Corex’s property through significant drill intercepts such as SR09-31 60.8 m of 1.05 g/t Au. The program also identified a high grade feeder zone in hole SR09-33 19.9 m of 2.3 g/t Au 444 g/t Ag. In the El Nicho Zone, drilling results confirmed the continuity of mineralization within a gold bearing structural corridor that is open at depth and along strike to the northwest and southeast. The most impressive results come from hole SR09-27, showing 122 m of 0.8 g/t Au, including 32 m of 1.2 g/t Au at the bottom of the hole.

In December 2010, through a step-out reverse circulation drill holes, a new, significant mineralized zone was discovered. The Ubaldo Zone returned results of S10-078R which returned 54.9 m of 0.87 g/t Au, 21.8 g/t Ag, and 0.51% Cu. including 21.1 m of 1.73 g/t Au, 28.7 g/t Ag, and 0.48% Cu, that ended in mineralization. Corex believes that this discovery is further evidence that a large porphyry is driving the mineralization system from depth. The discovery of the new zone is located 700 m southwest of the Nicho Zone and 700 m south east of the Benjamin zone. This discovery expands Corex’s mineralized area to 3 x 2 km in total size.

A 20,000 m drill program was announced at the end of January 2011 on the Santana property. Following previous successful drill programs in 2009-2010, the 2011 program will build out on already identified zones along strike and downdip. Corex will also test newly identified gold zones and deep lying targets. Some 2009-2010 drill highlights include:
• S09-31R which returned 44.2 m of 1.62 g/t Au, and 0.95 % Cu.

To date, the drill program has successfully completed 70 of 72 drill holes mineralized. Corex has defined a target area of 3 km2, as well as identified that high grade feeder zones have the potential to increase the average grade of the project.

Looking ahead, Corex Gold has plans for a further 20,000 m of drilling planned of which 15,000m will be diamond drilling to extend and confirm known mineralization gold zones and to begin outlining potential resources. The remaining 5,000 m of the program will be to explore blue-sky targets identified through mapping, soil geochemistry and a 3D IP survey.

Zuloaga – Zacatecas, Mexico

The Zuloaga Property is a joint venture between Corex and Goldcorp in which Corex has signed an Earn-In Agreement with Goldcorp through its Mexican subsidiary Glamis Exploration S.A de C.V.. Zuloaga is 100% owned by Corex and through the agreement, Goldcorp has the right to earn up to 80% interest in Corex’s Santa Rita and Zuloaga concessions in the State of Zacatecas. As part of the agreement, Goldcorp is required to pay 100% of the expenditures associated in readying the property for commercial production.

The Zuloaga property is located in the Sierra Madre Oriental, Mexico and encompasses 39,878 hectares of land. The property is roughly 15 km from Goldcorp’s Penasquito deposit, which is one of the world’s largest bulk-mineable silver-gold deposits.

In June 2010, Goldcorp commenced a 3,500 m drill program on the property as part of the earn-in agreement. Geological mapping and rock chip sampling took place on the property during the first half of 2010. Roughly 600 hectares of bedrock exposure was mapped. The mappings show large overturned folds and at least one significant and extensive thrust fault are present. Two rock-chip samples from adjacent brecciated and fractured wallrocks contain elevated gold of up to 0.015 g/t. Cu is highly elevated (0.64 wt %) in one of these samples.

Management

Craig Schneider
Position: President & CEO

Mr. Schneider joined Corex Gold Corp in November 2003, and has been instrumental in advancing the company to its current stage of development. Mr. Schneider has over 15 years experience in the administration and financing of junior companies, and holds a B.A from the University of British Columbia. Mr. Schneider was also a Founder and Director of Magnum Uranium a TSX.V listed company which was recently purchased by Energy Fuels Inc. TSX EFR.

Patrick Downey, P. Eng
Position: Director

Mr. Downey brings over 25 years experience in the natural resource sector with extensive development and operations experience throughout the world, with a focus on South America. Currently he is President and CEO of TSX — listed Aura Gold Inc. Most recently he served as President and CEO for Viceroy Exploration Ltd. prior to its acquisition by Yamana Gold. He was also President of Oliver Gold Ltd. where he successfully negotiated the merger to form Canico Ltd., which acquired the Onca Puma Nickel project in Brazil and was recently purchased by CVRD and is now in development.

Bruno Barde, P. Geo.
Position: Director

Mr. Barde received his BSc. Geology in 1978 and a Master Degree in Geology in 1981, both from the University of Geneva, Switzerland. Mr. Barde has over twenty years experience in the management of large mineral exploration programs in Europe, North and South America. Previously he was VP of Exploration for National Gold Corp., and participated in the scoping study of the Mulatos Project, Mr. Barde served in various senior management capacities with Placer Dome Inc., including President of Placer Dome de Venezuela where he participated in the planning of the Las Cristinas deposit. He is fluent in English, French and Spanish.

Chris Bogart
Position: Vice-President, Corporate Development

Mr. Bogart has been involved in the junior resource sector for over 10 years. Currently, President of Metal Management Corp., Mr. Bogart provides strategic consulting, financing and corporate development services to the resource Industry. Mr. Bogart was a founder of Magnum Uranium Corp (TSXV: MM) which was recently acquired by TSX Listed Energy Fuels Inc.

Mark Vanry, MBA
Position: Director

Mr. Vanry is currently Executive Vice President of Corporate Development for Argentex Mining Corp. Previously Mr. Vanry spent five years as Managing Director and Head of Equity Sales for Canaccord Adams UK. Under his leadership, Canaccord Adams became the number one investment dealer for distribution of Canadian equity and equity-linked products to European Investors. Prior to that, he was Vice President of US Equity Sales for Raymond James Ltd., also based in London. In addition, Mr. Vanry’s background includes work as Vice President of Equity Sales for Goepel McDermid (now Raymond James Canada) and as an Associate in Scotiabank International’s Latin American banking group. He holds an MBA from the Richard Ivey School of Business at the University of Western Ontario and a BA from the University of British Columbia.

Alan Hitchborn
Position: Director

Mr. Hitchborn has over 28 years of experience in exploration, development, and production. His past successes include 9 years at Placer Dome Inc.’s Bald Mountain Mine in Nevada, where his team added 3,000,000 ounces of gold in reserves and resources at a cash cost of less than US$5.00/ounce. Most recently another team managed by Mr. Hitchborn was responsible for the discovery and development of 2,000,000 gold equivalent ounces at the Monterde gold-silver deposit in Chihuahua, Mexico (TSX listed Kimber Resources Ltd).

Terese J. Gieselman
Position: Chief Financial Officer

Terese J. Gieselman has extensive experience with junior mining companies in role of corporate secretary, compliance, regulatory filings and financings.