Press Releases

Fieldex issues shares upon conversion of debenture

Fieldex Exploration Inc. (FLX: TSXV; F7E: FSE) announces that has issued 333,333 common shares at a price of $0.30 per share to an institutional investor in Quebec, following the conversion by the investor of a Fieldex debenture in the principal amount of $100,000. Fieldex issued the debenture to the investor in April 2005. Each share was accompanied by one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of Fieldex at a price of $0.35 per share until April 21, 2007.

As a result of the conversion of the debenture, there are 26,374,842 common shares of Fieldex issued and outstanding.