Micrex Development Corp. (TSXV:MIX) entered into an agreement to acquire granite claim located near Saint-Alexis-des-Monts, Quebec for CAD 0.64 million on November 5, 2013. The purchase price of CAD 0.78 million is payable CAD 0.15 million in cash and CAD 0.1 million to be paid in 1 million treasury shares at a deemed price of CAD 0.10 at closing. In addition CAD 0.1 million will be paid on each of the second, third, fourth and fifth anniversary dates of closing and CAD 0.03 million will be paid on the sixth anniversary date. In addition, the seller will receive a production royalty of 20% of net sales to be paid quarterly until such time as a total of CAD 0.1 million has been paid. The CAD 1.5 million cash portion of the purchase price will be raised by way of private debt. Micrex Development Corp. will be issuing up to CAD 0.3 million in 3 year notes which will carry a 5% interest rate plus a 5% sales royalty on sales from the granite quarry until repaid, and then a 2% royalty until the Company repurchases the royalty for a total of CAD 0.3 million. The transaction is subject to regulatory approval.

Micrex Development Corp. (TSXV:MIX) completed the acquisition of granite claim located near Saint-Alexis-des-Monts, Quebec on January 6, 2014.