Adex Announces Plans for North Zone Development in 2010

Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) is pleased to
announce its development plans for 2010 at its Mount Pleasant Mine Property
("Mount Pleasant" or the "Property"), located in southwestern New Brunswick
Canada. The Property hosts the tungsten-molybdenum bearing Fire Tower Zone
("FTZ") and the tin-indium-zinc bearing North Zone ("NZ"). The FTZ is the site
of a past-producing tungsten-molybdenum underground mining operation that was
active between 1983 and 1985. 


Adex is set to have another busy year in 2010 following the completion of its
successful FTZ scoping study in 2008 and its equally successful NZ Preliminary
Assessment ("PA") in 2009. The 2008 FTZ scoping study arrived at a pre-tax
Internal Rate of Return ("IRR") of 27.1%, while the North Zone PA showed a
28.87% pre-tax IRR for tin concentrate, indium sponge and zinc metal production
and a 23.49% IRR for tin concentrate and zinc-indium concentrate production. 


The Company recently completed a flow-through financing in excess of $1 million
the proceeds of which it intends to use to undertake two separate pilot plant
programs: (i) concentrate production by conventional flotation and (ii) metals
production using hydrometallurgical processes. Adex has a total of approximately
$3 million in cash, including the proceeds of the flow-through financing. 


The following table shows the projected timelines for various aspects of the
Company's plans to bring the NZ into production.




------------------------------------------------------- --------------------
Project - North Zone Production                         Timeline            
------------------------------------------------------- --------------------
Pilot plant program - production of tin and indium-zinc Winter - Summer 2010
concentrates                                                                
------------------------------------------------------- --------------------
Pilot plant program - production of indium sponge and   Winter - Summer 2010
zinc metal                                                                  
------------------------------------------------------- --------------------
Concluding concentrate and metal off-take sales         Winter - Summer 2010
contracts                                                                   
------------------------------------------------------- --------------------
Drilling - confirmation drilling of zones of inferred   Spring - Summer 2010
resources in order to upgrade to indicated resources                        
------------------------------------------------------- --------------------
Definitive feasibility study                            Summer - Fall 2010  
------------------------------------------------------- --------------------
Production decision                                     Fall 2010           
------------------------------------------------------- --------------------



Adex believes it will be well positioned to begin equipment purchase and
installation, and mine development - pending positive results from its
definitive feasibility study, government regulatory approvals and project
financing - by early 2011. Concentrator production is targeted for
October/November 2011. 


Pilot Programs

The concentrate pilot program is a two stage effort beginning with bench scale
work to confirm parameters for producing a marketable indium-bearing zinc
concentrate and a saleable tin concentrate and culminating in pilot operations
continuously producing both zinc/indium and tin concentrates; the
hydrometallurgical pilot program focuses on producing zinc metal and high grade
indium sponge from indium bearing zinc concentrate. The concentrate program will
begin in early January and the hydrometallurgical pilot program will begin in
early February. Each is scheduled to be completed by mid-summer 2010. 


Concentrate and Metal Off-Take Sales Contracts

Adex has commenced negotiation of letters of intent for the sale of its indium
sponge and for the sale of its tin concentrate. The successful conclusion of
these letters of intent will open the door to the negotiation of sales contracts
and will influence the production decision expected by late fall 2010. In
addition, details are being finalized on a letter of intent for the sale of
Adex's zinc/indium concentrate, including an appropriate pay factor for indium. 


Drilling Program

Adex intends to carry out a 2000 metre, half million dollar drilling program
which will focus on upgrading the inferred portion of the NZ resources to the
indicated category. The drilling program will result in a revision to the GEMCOM
solid model of the NZ and an updated NI 43-101 resource estimation. The drilling
program is scheduled to begin in late spring 2010.


Definitive Feasibility and Production Decision

A definitive feasibility study is scheduled to commence in mid-summer 2010 and
will initially run concurrently with the final stages of the pilot programs. The
definitive feasibility study is expected to result in a production decision
during the latter half of 2010.


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-mineral project that is host to promising
tungsten-molybdenum and tin-indium-zinc-copper mineralization. Located in
Charlotte County, New Brunswick, the Mount Pleasant Mine property is situated
approximately 80 kilometres south of Fredericton, the provincial capital, and is
65 kilometres from the United States border. The common shares of Adex trade on
the TSX Venture Exchange under the stock symbol "ADE." Technical and business
information regarding Adex's Mount Pleasant property is available on SEDAR at
www.sedar.com and the Company's website at www.adexmining.com.


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