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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2010) - Corex Gold Corp. (the "Company") (TSX VENTURE:CGE) is pleased to report Goldcorp will commence a 3500 meter drill program on the Zuloaga joint-venture in early June, relating to the earn-in agreement between Corex Gold Corporation and Glamis Exploracion S.A. de C.V.

Summary:
A two-year surface rental agreement was negotiated to allow further drilling of the Tres Eji­dos pediment target within the private land of Rancho Compostela. Approximately 3,500 meters of shallow, RAB-style RC drilling is now scheduled to commence in early June. Geologic mapping at 1:5,000 scale and rock-chip sampling continued in the western Sierra Santa Rita and Sierra de Ninguna, within the Zuloaga and Zuloaga III concessions while the surface rental contract was being negotiated.

Geologic Mapping and Rock-Chip Sampling:
During the first quarter of 2010 approximately 600 hectares of bedrock exposures were mapped at a scale of 1:5,000 in the western part of the Sierra Santa Rita and Sierra de Ninguna click the following link: [ http://www.corexgold.com/i/misc/2010-06-01_NR.jpg ]. This new mapping shows that large overturned folds and at least one significant and extensive thrust fault are present. The geology is considerably more complex than the data shown in the following link: [ http://www.corexgold.com/i/misc/2010-06-01_NR.jpg ]. 28 rock chip samples were collected and assayed by ALS Chemex. The strongly anomalous ar­senic previously observed in the western Sierra Santa Rita extends west into the Sierra de Ninguna, where it is principally associated with small-displacement NNE and NW trending faults. Narrow, E-W trending hornblend-biotite granodiorite dikes with abundant sphene were found in the western part of the mapped area, close to the western limit of the Zuloaga concession. These dikes are weakly chloritized and contain possible secondary biotite after hornblende. 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.

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.

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., in particular the potential for the Santana property to host a large-tonnage gold-silver-copper porphyry system. 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.

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.