Been expecting something like this, they just have too many properties in the Hughes group to finance at this low share prices.
FOR IMMEDIATE RELEASE
www.sedexmining.com
December 19, 2008 TSXV:
SDN
SEDEX COMPLETES PROPERTY EVALUATIONS
Vancouver, BC Sedex
Mining Corp. (TSXV:
SDN
) has completed an extensive evaluation of its property
portfolio and is currently taking steps to conserve and focus its working capital and resources on key
projects. A number of agreements have been renegotiated, including the Nickel North project, for which the
Company has decreased its cash payment by $30,000 and increased its share payment by 100,000 shares. In
2009, $50,000 and 100,000 shares remain to be paid. The Nickel North Property, over 200 km
2
in size and
accessible by road, is located 40 km northwest of Timmins, Ontario. The Company has terminated the
following agreements: Corallen Lake, Flint Lake, and Serpentine Nickel. The Company has also renegotiated
terms on the Mine Centre, Ramore & Elephant Lake & Wind Bay properties.
“Current market conditions are providing us with enough leverage to renegotiate a number of agreements.
The termination of three of these agreements eliminates future funding commitments and leaves the
company in a position to conserve its working capital and to advance its remaining projects prudently,”
comments Sedex President, Richard Hughes. “2009 is going to be an interesting year and we are working
aggressively to best position the Company to capitalize on opportunities as they arise.”
About Sedex Mining Corp.
Sedex is well positioned to discover and capitalize on world class gold, silver, copper, nickel and zinc
deposits. During the last couple of years the Company has strategically accumulated large land packages in
existing mining or mineral districts such as the Abitibi in Ontario. These properties have existing
infrastructure and are often within road access to metallurgical facilities to process mined ores. Details
relating to exploration activities on specific properties will be announced during the coming months as the
work program is implemented.
Contact Information
For further information contact:
Kevin Hull or Alan Campbell, Investor Relations
Phone: (604) 685‐2222;
Email:
info@sedexmining.com
Website:
www.sedexmining.com
The
