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 Mon May 10, 2010
Corex Gold Expands Santana Gold Project with Significant Drill Intercepts
 Vancouver, BC - May 10, 2010 - Corex Gold Corp. (the "Company"), is pleased to report continued exploration success achieved through the first eight holes of the 2010 diamond drilling program on its Santana Property, Sonora State, Mexico. The drill program was designed to follow up on the successful reverse circulation (RC) drilling in 2008-2009. Corex's 2010 diamond drill program confirms the potential for a near surface oxide gold system as well as a large sulfide bearing gold system at depth.

El Nicho

The drill holes to date tested a 1000 m x 700 m gold soil anomaly coincident with ground magnetic and IP survey anomalies. Drill hole S10-047D which included 31.2 m of 1.55 g/t Au as well as hole S10-48D which included 30.9 m of 1.15 g/t Au were of significant interest. The 2010 drill results have expanded the Nicho Zone at depth by encountering continuous mineralization up to 300 m below surface. The Nicho Zone is open in all directions and at depth. Corex will be testing these targets via RC drilling and diamond drilling.

Hole # Sect. From To Interval Grade (gpt) % Location
    (m) (m) (m) Au Ag Cu  
S10-047D 101450NW 19.4 26.8 7.4 0.43 2.75 NSV Infill
Include   19.4 21.0 1.6 1.46 3.8 NSV Between
    77.4 87.0 9.6 1.49 11.02 NSV SR-09-35
    110.3 173.8 63.5 0.87 7.15 NSV And
    110.3 141.5 31.2 1.55 4.68 NSV SR-09-22
S10-048D 101450NW 17.4  19.6  2.2  0.47  3.51  NSV Twin of
    44.5 46.0 1.5 2.35 7.77 NSV SR-09-39
    68.0 120.6 52.6 0.70 3.8 NSV Extended to
Include   68.0 98.9 30.9 1.15 4.8 NSV 190 m depth
S10-044D 10-440D * 53.0 98.9 45.9 0.51 0.9 NSV Twin of
SR-09-27
Include   53.0 85.2 32.2 0.63 0.91 NSV Extended to
    224.3 226.9 2.6 0.78 0.64 NSV 290 m depth
S10-045D 201050NE 37.8 66.8 29.0 0.79 1.3 NSV 150 m step out
    121.1 123.0 1.9 0.75 0.4 NSV of SR-09-27 (300.2 m)
S10-046D 201050NE 69.9 89.7 19.8 0.52 3.6 NSV Downdip of
    98.1 99.4 1.3 1.25 0.3 NSV S 10-045D
    216.8 217.7 0.9 0.99 1.6 NSV (300.7 m)

*Special Section

La Tureña

La Tureña drill hole S10-050D 59.3 m of 0.8 g/t Au confirms known oxide gold mineralization with significant drill intercepts such as SR09-31 60.8 m of 1.05 g/t Au. The zone measures 400 meters x 200 meters, general strike direction is N30W. The surface expression, as defined by anomalous rock chip/channel samples and alteration, is open on strike to the northwest and southeast and southwest. The gold mineralization is associated with an "intrusive breccia", associated with quartz and hematite stockwork.

Hole # Section From To Interval Grade (gpt) % Location
    (m) (m) (m) Au Ag Cu  
S10-049D 101900NW 18.4 80.2 61.8 0.54 3.7 NSV Twin of
Include   73.9 76.5 2.6 1.62 4.27 NSV SR-09-36
S10-050D 101900NW 12.6 71.9 59.3 0.78 2.29 NSV Twin of
Include   12.6 37.0 24.4 1.04 4.17 NSV SR-09-35
S10-051D 101875NW 15.9   52.5 36.6   0.49 1.01  NSV  Twin of
    61.3 66.3 5.0 0.48 1.28 NSV SR-09-28

*Reported intervals must be at least 1.5 meters wide; drill hole intercepts are reported at a 0.1 g/t Au cutoff or a 0.3 g/t Au cutoff including up to 6.2 m of internal waste. Corex utilizes a comprehensive QA/QC program consisting of blanks, drill rig sample duplicates and reference samples to insure best practices are followed and the data collected is of the highest quality.

Please click the following link for a map showing the 2010 drill result highlights http://www.corexgold.com/i/maps/Santa_May_2010_soil_sample_Au_IP.jpg

Diamond Drilling Update
Corex is continuing with the 2010 diamond drill program that will test continuity between the know corridors and test newly identified gold zones. To date, Corex has drilled 2500 m of the 5000 m diamond drilling program and expects approximately 20 additional drill holes to be released from this program.

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 our 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


FOR FURTHER INFORMATION PLEASE CONTACT:

Craig Schneider,
President & CEO

Or

Chris Bogart
VP Corporate Development


Tel: 604.683.2505
Fax: 604.683-2506
E-mail: info@corexgold.com
Website: www.corexgold.com


Cautionary Statement:

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." 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.