Mr. Gregory Isenor reports

MERREX GOLD - FINAL 2014 PHASE III DIAMOND DRILLING RESULTS AT SIRIBAYA'S DIAKHA DISCOVERY ZONE

Merrex Gold Inc. has released the final assay results from the 2014 diamond drilling program at the Diakha discovery zone, located on the Siribaya joint venture gold project.

Highlights from six holes:

• Hole 154: three metres at 15.01 grams per tonne; six m at 10.53 g/t including four m at 15.83 g/t;
• Hole 150: four m at 4.91 g/t; eight m at 1.75 g/t; 10 m at 0.95 g/t; eight m at 2.81 g/t.

2014 phase III diamond drill program

A phase III diamond drill program comprising six holes totalling 1,075.5 metres of infill diamond drilling at the Siribaya gold project's Diakha discovery zone resumed on Nov. 15, 2014, following the end of the seasonal rains and continued until Dec. 20, 2014, breaking for the holiday season. All holes were drilled on a southeast orientation except for SRD14-151 which was drilled in a northeast orientation to check the orientation of the mineralized zone.

      SIGNIFICANT ASSAYS FOR PHASE III DIAMOND DRILL PROGRAM --
                    DIAKHA DISCOVERY ZONE

DD hole No.         From (m)   To (m)    Average grade

SRD14-149                50       53     Three m at 0.52 g/t
                         69       72     Three m at 5.82 g/t
                         69       70     Including one m at 11.70 g/t
                         86       94     Eight m at 0.89 g/t
                         98      100     Two m at 0.64 g/t
SRD14-150 (note 7)      192      196     Four m at 4.91 g/t
                        212      220     Eight m at 1.75 g/t
                        228      238     10 m at 0.95 g/t
                        245      253     Eight m at 2.18 g/t
SRD14-151 (note 5)       43       46     Three m at 1.05 g/t
                        261      263     Two m at 8.23 g/t
SRD14-152                10       12     Two m at 0.60 g/t
                         22       24     Two m at 3.61 g/t
                         26       28     Two m at 0.83 g/t
                         33       35     Two m at 1.12 g/t
                         42       47     Five m at 0.91 g/t
SRD14-154                18       25     Seven m at 1.40 g/t
                         43       46     Three m at 15.01 g/t
                         55       61     Six m at 10.53 g/t
                         57       61     Including four m at 15.45 g/t
                        190      194     Four m at 0.90 g/t
                        218      225     Seven m at 0.85 g/t

Note 1: All samples sent to the laboratory are one-metre samples.
Note 2: Quality assurance/quality control and additional technical 
        information are described at the end of this news release.
Note 3: Drill hole intercepts are calculated using a minimum downhole
        length of one metre and a cut-off grade of 0.5 g/t gold, are 
        uncapped, and may include up to five metres of internal 
        dilution.
Note 4: The widths of intersections are downhole lengths; true widths
        are unknown at this time.
Note 5: All holes were drilled at azimuth 115 and dip minus 60, except
        hole 151, which was drilled at azimuth 295.
Note 6: Hole SRD14-153 did not return any significant values.
Note 7: SRD-14-150 is an extension of reverse circulation hole 14-445,
        which had stopped at 100 metres depth.

2015 exploration program

The Siribaya camp was opened, and drilling operations resumed on Jan. 16, 2014. After two diamond drill holes were completed, the drill rig was converted to reverse circulation, and drilling continued.

The Siribaya joint venture management committee has approved a $3.8-million (U.S.) work plan and budget in 2015 for the Siribaya gold project in west Mali.

The primary focus of the 2015 drilling program is to complete an initial infill delineation drilling program on the Diakha discovery to enable completion of a maiden National Instrument 43-101-compliant resource estimate by year-end, as results may merit. A combination of reverse circulation and diamond drilling will be used.

To Feb. 20, 2015, 32 RC holes totalling 3,786 metres and two DD holes totalling 528 metres were completed.

Technical information and quality control notes

The Siribaya gold project drilling results contained in this news release were prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. The sampling of, and assay data from, drill core was monitored through the implementation of a quality assurance/quality control program designed to follow industry best practice.

Drill core (HQ and NQ size) samples were selected by the Iamgold geologists and sawn in half with a diamond saw at the project site. Half of the core was retained at the site for reference purposes. Sample intervals are generally one metre in length. The samples were assayed at the ALS Chemex Analytical Laboratory in Bamako, Mali, using a standard fire assay with a 50-gram charge and an atomic absorption finish.

Gregory P. Isenor, PGeo, is the qualified person as defined under NI 43-101, who has reviewed and is responsible for the technical information presented in this news release.

We seek Safe Harbor.