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Last updated on April 16, 2014 at 7:00 EDT

Adex Mining announces resignation of Chief Financial Officer

February 27, 2013

TORONTO, Feb. 27, 2013 /CNW/ – Adex Mining Inc. (“Adex” or the
“Company”) (TSX-V: ADE) today announced that Will C. Burton, the
Company’s Chief Financial Officer, has resigned his position to pursue
a new opportunity. Mr. Burton’s resignation is effective on April 12,
2013. The Company will immediately begin a search for a replacement.

The Board of Directors and management of Adex thanks Mr. Burton for his
contribution to the Company over the past seven years and wish him well
in his future endeavours.

ABOUT ADEX

Adex Mining Inc. is a Canadian junior mining company with an experienced
management team. The Company is focused on developing its flagship
Mount Pleasant Mine Property, a multi metal project that is host to
promising tungsten molybdenum and tin indium zinc mineralization.
Located in Charlotte County, New Brunswick, the Mount Pleasant Mine
Property is 80 kilometres south of Fredericton, the provincial capital,
and 65 kilometres from the United States border. The common shares of
Adex trade on the TSX Venture Exchange under the stock symbol “ADE”.

No securities commission or regulatory authority has approved or
disapproved the contents of this press release.

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.

FORWARD LOOKING STATEMENTS

Certain statements in this press release may constitute
“forward looking” statements which involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements of Adex, its subsidiary or the industry in
which they operate to be materially different from any future results,
performance or achievements expressed or implied by such
forward looking statements. When used in this press release, the words
“estimate”, “believe”, “anticipate”, “intend”, “expect”, “plan”, “may”,
“should”, “will”, the negative thereof or other variations thereon or
comparable terminology are intended to identify forward looking
statements. Such statements reflect the current expectations of the
management of Adex with respect to future events based on currently
available information and are subject to risks and uncertainties that
could cause actual results, performance or achievements to differ
materially from those expressed or implied by those forward looking
statements. These risks and uncertainties are detailed from time to
time, including, without limitation, under the heading “Risk Factors”,
in reports filed by Adex with the Alberta, British Columbia and Ontario
Securities Commissions which are available at www.sedar.com and to
which readers of this press release are referred for additional
information concerning Adex, its prospects and the risks and
uncertainties relating to Adex and its prospects. New risk factors may
arise from time to time and it is not possible for management to
predict all of those risk factors or the extent to which any factor or
combination of factors may cause actual results, performance and
achievements of Adex to be materially different from those contained in
forward looking statements. Although the forward looking statements
contained in this press release are based upon what management believes
to be reasonable assumptions, Adex cannot assure investors that actual
results will be consistent with these forward looking statements. Given
these risks and uncertainties, investors should not place undue
reliance on forward looking statements as a prediction of actual
results. The forward looking information contained in this press
release is current only as of the date of the press release. Adex does
not undertake or assume any obligation to release publicly any
revisions to these forward looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events, except as required by law.

SOURCE Adex Mining Inc.


Source: PR Newswire