Press Releases

Shareolders approve rights plan at annual general meeting

Fieldex Exploration Inc. (FLX :TSXV and F7E: Frankfurt ) announced that the Shareholder Rights Plan previously adopted by the board of directors on May 24, 2006 has been approved by the shareholders of the Company at the Companyís Annual and Special General Meeting held on June 28, 2006.

The purpose of the Shareholder Rights Plan is to provide shareholders and the Companyís board of directors with adequate time to consider and evaluate any unsolicited bid made for Fieldex Exploration; to provide the board with adequate time to identify, develop and negotiate value-enhancing alternatives, if considered appropriate to any such unsolicited bid; to encourage the fair treatment of shareholders in connection with any take-over bid for Fieldex Exploration, and to ensure that any proposed transaction is in the best interests of Fieldex Explorationís shareholders. The Company is not aware of any specific take-over bid for the Company that has been made or is contemplated.