Looks like we've added another decent property to the portfolio. Still anxiously awaiting drill results from Caliche and Zuloaga. 

Corex Announces Property Acquisition

Marketwire  Corex Gold Corporation  April 8, 2008 - 11:38:26 AM  Corex Announces Property Acquisition   VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 8, 2008) - Corex Gold Corp. (the "Company") (TSX VENTURE:CGE) is pleased to announce it has signed a property option agreement under which Corex holds the rights to acquire a 100% interest in the Lluvia de Oro mining concession comprised of 660 hectares. In addition, Corex has staked a surrounding concession of approximately 13,290 hectares. Collectively, these concessions will be known as the Cumeral Project.  Location and Access  The Cumeral gold Project, located in the municipality of Imuris, is approximately 200 kilometers north of Hermosillo, Sonora, Mexico. Access from the main paved highway to the Project area is excellent via a network of well maintained gravel roads. Travel time from a nearby small town is about 30 minutes. All necessary services and infrastructure are available in the town.  Cumeral is located in the well mineralized Sierra La Jojoba. The Sierra La Jojoba is host to numerous additional prospects, small mines and the past producing Mina Lluvia de Oro and the adjacent Mina La Jojoba. Columbia Metals Corporation (TSX.V COL), the owner of these mines, has reported that together they contain NR 43-101 compliant measured, indicated and inferred resources of 517,577 ounces of gold.  Geologic Description  The regional and local structural fabric is dominated by northwest striking, dextral wrench fault systems with associated sinestral shears and normal faults This structural regime is favorable as it represents a dilational or open space structural zone setting the stage for the emplacement of the large, epithermal gold mineralized system centered on the Lluvia de Oro concession.  Jurassic age metavolcanic schists are the main lithologies mapped in the Lluvia de Oro concession. The schist protolith is composed of welded and non-welded tuffs, waterlain tuffs and tuff breccia. Additional minor outcrop of quartz diorite dikes are also present. These lithologies are noted over most of the Cumeral project area.  Sericite-illite, quartz vein stockwork and abundant iron oxides are the predominant alteration styles. Alteration is controlled by schistose foliation, low angle and high angle structures. Corex personnel have panned gold from small workings and outcrop within the Lluvia de Oro zone in areas affected by the alteration styles previously noted. The Lluvia de Oro zone is visible on strike for over 3 kilometers. Width of the altered zone is greater than 1 kilometer on the range front pediment where the zone exits the mountain range and trends into a valley that has nominal gravel cover. Work to date has determined that the altered zone is open along strike northwest and southeast.  Sampling on the Lluvia de Oro zone by Corex has consisted of 18 rock chip, and chip channel samples. All 18 samples were submitted for assay in early March.  Prominent surface color anomalies, also visible on satellite images, mark the Lluvia de Oro alteration zone. These color anomalies serve as a useful guide to other altered areas. Corex has identified numerous additional satellite color anomalies within the 13,290 hectare Cumeral concession. Some of these color anomalies have been visited and samples taken. The anomalies contain alteration identical to the Lluvia de Oro zone. 10 samples were collected from these areas. The samples were submitted in March and assays are pending. Additional anomalies are scheduled for reconnaissance visits next week. Detailed geologic work on the main, 3 kilometer long Lluvia de Oro zone will also commence next week.  Option to Purchase Agreement - Lluvia de Oro concession  Corex has the option to earn 100% of the rights to the Lluvia de Oro concession upon completion of the following payments: upon signing $15,000, 6 month anniversary $18,000, 12 month anniversary $25,000, 18 month anniversary $40,000, 24 month anniversary $60,000, 30 month anniversary $100,000, 36 month anniversary $492,000.  The total purchase price is USD$750,000.  As per the terms of the option to purchase agreement, Lluvia de Oro is subject to a 1% net smelter return (NSR). The 1% NSR is purchasable for $1,000,000 Corex's geologic programs are managed by Alan D. Hitchborn, Vice President-Exploration, Corex Gold Corp. Matt Gray, C.P.G. of Resource Geosciences de Mexico SA de CV is a Qualified Person as defined by National Instrument 43-101, and supervised the preparation of the technical information in this release. All samples are prepared by Sonora Prep Labs, Hermosillo, Sonora. Assays are completed by BSI Inspectorate, Reno, Nevada.  ON BEHALF OF THE BOARD  Craig D. Schneider, President and CEO  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.   FOR FURTHER INFORMATION PLEASE CONTACT:   Corex Gold Corp. Craig D. Schneider President and CEO (604) 683-2505 (604) 683-2506 (FAX) Email: [email protected] Website: www.corexgold.com   The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.