ZEDEX MINERALS LIMITED

Zedex Minerals Limited announce the commencement of a preliminary financial assessment by independent mining consultants at its Bau Gold Project in Sarawak, East Malaysia. The objectives are to examine the potential for developing a full-scale commercial gold production operation by mid 2012 and interim generation of cash-flow by selective production from gold mineralization zones that have been deemed amenable to lowcost development. The first of these studies will examine the feasibility of recovering gold from approximately 3.2 million tonnes of auriferous mine tailings contained within the historic BYG mine-site near the centre of the Bau Goldfield.