Drilling Commences at Corex's New Gold Discovery

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2009) - Corex Gold Corp. (the "Company") (TSX VENTURE:CGE) has commenced a phase two drill program on its Santana gold project in Sonora State, Mexico. This planned program will comprise of a 3,000 meter (22 hole) RC Drill program: Approximately 2,000 meters (13 holes) to follow up on previous drilling success (please refer to news release dated July 29, 2009) and approximately 1,000 meters (9 holes) of drilling targeted on new gold zones identified via grid soil sampling and trench work just completed.

The break down of drilling is as follows:

Follow up drilling: will consist of 13 holes, designed to test targets located in an area measuring 1400 meters x 600 meters as defined by favorable alteration and associated gold anomalies. These holes will test the downdip and stike extensions of Turena, Benjamin, and Santa Lucia Zones drilled in 2008. Final results were released in the news release dated July 29, 2009. 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. The mineralization at the proposed seven drilled areas is hosted by intermediate tuffs and flows.

New Gold Zone drilling: will consist of 9 holes to test four new target areas of the Santana Project: located along the "NW" zones which extend for two kilometers in a south-easterly direction. The Turena North, El Divisadero, El Nicho and La Micha located respectively 250 m North of La Turena, 350, 850 and 1050 meters southeast from La Turena.

Bruno Barde P. Geo., manages Corex's exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.

About Corex Gold Corp.

Corex Gold Corp. is a Canadian resource company focused on the acquisition, exploration, and development of precious metal deposits in Mexico. Corex is currently developing its flagship property, the Santana Project, which is a new gold discovery in Sonora, 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, Mexico.

ON BEHALF OF THE BOARD

Craig D. Schneider, President & CEO

Cautionary Statement:

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.