Press Releases

Fieldex initiate copper nickel resource calculations at Midrim

Rouyn-Noranda, Quebec, November 7th, 2007. Fieldex Exploration Inc. (FLX :TSXV and F7E : Frankfurt ) is pleased to announce that the engineering firm Genivar has been mandated to execute the resource/reserve calculations on Fieldex’ 100% owned Midrim property.

A total of 116 holes representing over 16 000 metres of diamond drilling has been completed on the property by Fieldex. The 18 hole drilling program recently completed has been strategically located to test several sections of the block model that is the basis for the ongoing resource/reserve calculations.

At Midrim, mineralization typically consists of a number of gabbroic sills with disseminated sulphides in the upper parts of the sills followed by massive sulphide accumulations along the basal part of the sills. The massive sulphides are comprised mainly of chalcopyrite, pyrrhotite, violarite, pentlandite and pyrite. Native gold and platinum/palladium minerals have also been identified in the sulphides.

Results from phase I, II of diamond drilling on the Midrim property are summarized below (ref. 43-101 Midrim Property, Richard J. Mazur )

Hole No. From To Interval Pt Pd Pt + Pd Cu Ni Co
  (m) (m) (m) g/t g/t g/t % % %
MR-00-01 8.39 35.19 26.80 0.75 1.40 2.15 2.32 1.45 1.45
Including 15.50 35.19 19.69 0.97 1.77 2.74 2.99 1.85 0.07
MR-00-02 28.00 50.17 22.17 0.17 0.42 0.59 0.64 0.44 0.02
Including 32.75 39.44 6.69 0.22 0.51 0.73 1.18 0.85 0.03
MR-00-03 12.00 18.40 6.40 0.29 0.73 1.02 0.73 0.46 0.02
  26.22 59.00 32.78 0.16 0.42 0.58 0.50 0.29 0.02
MR-00-05 28.22 69.60 41.38 0.67 2.14 2.81 1.92 1.81 0.06
Including 57.15 69.60 12.45 1.00 2.80 3.80 2.72 2.72 0.07
MR-00-07 88.60 103.70 15.10 0.23 0.61 0.84 0.56 0.56 0.02
MR-00-08
36.60 38.30 1.70 0.30 1.27 1.57 0.72 0.53 0.02
  51.00 52.00 1.00 0.40 1.37 1.77 0.51 0.85 0.03
MR-00-11
23.05 50.15 27.10 0.22 0.57 0.79 0.61 0.43 0.02
Including
44.55 50.15 5.60 0.64 1.36 2.00 1.70 1.09 0.03
MR-01-17
0.00 19.35 19.35 0.39 1.15 1.54 1.29 1.33 0.04
MR-01-24
45.75 49.50 3.75 0.53 1.68 2.21 0.70 0.89 0.01
MR-01-25
49.98 57.00 7.02 0.62 1.76 2.38 1.58 1.45 0.04
  64.27 78.27 14.00 0.80 2.20 3.00 2.22 1.84 0.05
MR-01-28
54.50 60.00 5.50 0.54 1.70 2.24 1.25 1.58 0.05
MR-01-29
3.00 36.45 33.45 0.40 1.25 1.65 1.42 0.98 0.04
Including
17.60 36.45 18.85 0.55 1.88 2.43 2.11 1.49 0.05
MR-01-30
10.90 18.00 7.10 0.66 1.86 2.52 2.15 1.06 0.04
MR-01-32
28.35 39.35 11.00 0.23 0.66 0.89 0.65 0.48 0.02
MR-01-33
33.00 48.15 15.15 0.20 0.61 0.81 0.58 0.38 0.02
MR-01-34
33.00 41.00 8.00 0.24 0.68 0.92 0.43 0.35 0.02
  44.00 52.17 8.17 0.12 0.41 0.53 0.60 0.43 0.03
  80.32 84.32 4.00 0.14 0.41 0.55 0.44 0.26 0.02
MR-01-37
46.00 52.60 6.60 0.76 1.89 2.65 3.64 4.29 0.09
Including
49.00 52.60 3.60 0.70 2.68 3.38 6.30 7.26 0.12
MR-01-38
42.98 56.00 13.02 0.78 2.14 2.92 2.52 1.37 0.06
MR-01-39
23.00 25.00 2.00 0.55 1.80 2.35 0.56 0.82 0.03
MR-01-40
62.80 66.80 4.00 0.40 1.10 1.50 0.93 0.60 0.03
MR-01-46
124.00 136.00 12.00 0.50 1.38 1.88 1.28 0.94 0.04
MR-01-52
25.00 31.00 6.00 0.35 1.20 1.55 1.06 0.80 0.04
  34.20 39.25 5.05 0.27 0.68 0.95 0.96 0.42 0.02
  42.52 44.00 1.48 1.11 3.30 4.41 1.78 2.84 0.13
MR-01-53
111.00 117.70 6.70 0.53 1.90 2.43 1.56 1.10 0.10
MR-01-55
39.00 45.00 6.00 0.45 1.40 1.85 1.34 1.06 0.04



Results from phase III - 2007

Hole Lenght Hole No. From To Interval Pt Pd Ag Cu Ni
(m)   (m) (m) (m) g/t g/t g/t % %
41.00 MR-07-01 27.00 39.06 12.06 0.23 0.59 3.0 1.00 0.58
  Including 28.50 31.50 3.00 0.37 1.08 5.0 1.80 0.78
60.00 MR-07-03 35.09 45.40 10.31 0.10 0.31 2.0 0.54 0.24
56.00 MR-07-04 23.00 29.00 6.00 0.16 0.45 - 0.61 0.33
28.50 MR-07-06 3.00 10.00 7.00 0.27 0.92 7.0 1.31 1.36
45.00 MR-07-07 19.70 41.00 21.30 0.21 0.51 2.0 0.77 0.48
  Including 26.00 35.00 9.00 0.29 0.68 4.0 1.10 0.76
  Including 29.00 32.60 3.60 0.36 0.80 5.0 1.41 1.12


Completion of the resource calculations is anticipated in the fourth quarter of 2007. The next step will be to obtain a preliminary assessment of the capital and operating costs that would be associated with the development and mining of the resources.

LaForce update

Drill hole LF-07-22 is actually in progress and results from hole LF-07-11 to LF-07-22 will be communicate as soon as available.

Quality control

Assay samples are taken from drill core sawed in half with one half sent to a commercial laboratory and other half retained for future reference.

Qualified person

The Temiscamingue projects are being supervised by Laurent Hallé P.Geo, the qualified person for these projects.


About Fieldex:

Fieldex is a mineral resource company actively exploring in Quebec for nickel-copper-platinum group metal deposits located through out Northern Quebec, representing over 600 km². FNX Mining Company owns 6 500 000 shares of Fieldex Exploration Inc.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Martin Dallaire, eng
President & CEO Tel.: (819) 762-0609
Fax: (819) 762-0097

mdallaire@fieldexexploration.com
www.fieldexexploration.com

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